SD4
ConstructionValuation Breakdown
Construction and industrial firms have characteristics of both cyclical businesses (lumpy project-based revenue) and growth companies (expanding order books). This model blends two approaches 50/50: EV/EBITDA valuation (captures current earning power relative to peers) and FCF-based DCF (captures future cash generation potential). If EV/EBITDA produces a negative value (debt exceeds enterprise value), only DCF is used.
Valuation Track Record
Retroactive intrinsic value vs actual close price — SD4
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
SD4 shows signs of potential financial manipulation, as indicated by its Beneish M-Score of -3.2638, well below the manipulation threshold of -1.78. While the earnings quality score of 41.3 suggests some strengths, particularly in revenue recognition, significant weaknesses in cash conversion and receivables raise concerns.
- Beneish M-Score of -3.2638 indicates potential earnings manipulation.
- Earnings Quality Score of 41.3/100, particularly low cash conversion at 40.0/100 and receivables at 0.0/100, suggests poor earnings quality.
- Revenue quality score of 81.4/100 indicates strong revenue recognition practices.
- DSRI of 1.3415 suggests that inventory growth is in line with sales growth, which is a positive sign.
The high concentration of ownership by Tổng Công ty Sông Đà at 65.0% may lead to governance risks, as minority shareholders have limited influence over corporate decisions.
Investors should proceed with caution, closely monitoring future earnings reports and cash flow statements. Consider a deeper analysis of management's operational practices and potential impacts of SOE regulations on financial disclosures.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for SD4 — hover nodes for intel, click to navigate