SD5
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 — SD5
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.4433 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality metrics reveal concerns, particularly with a low revenue quality score of 30.0/100, suggesting potential issues with revenue recognition.
- Low revenue quality score of 30.0/100 indicates potential issues with revenue recognition.
- GMI of 1.4265 suggests increasing gross margin pressures, which could signal future profitability concerns.
- Strong earnings quality score of 82.4/100, particularly high cash conversion score of 100.0/100, indicating effective cash flow management.
- Low DSRI of 0.3238 suggests that inventory levels are well managed relative to sales.
The high concentration of ownership by Tổng Công ty Sông Đà at 64.2% raises potential governance risks, as decision-making may be heavily influenced by a single entity. This could limit minority shareholder influence and transparency.
Monitor revenue recognition practices closely due to the low revenue quality score. Consider diversifying investments or engaging with management to address governance concerns stemming from concentrated ownership.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for SD5 — hover nodes for intel, click to navigate