SDT
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 — SDT
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.7908 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality metrics reveal significant weaknesses, particularly in receivables and revenue recognition, which could pose risks to the reliability of reported earnings.
- Earnings Quality Score of 40.9/100 indicates poor earnings quality, particularly with receivables and revenue metrics at 0.0/100.
- DSRI of 1.1587 suggests potential issues with inventory management relative to sales, which could indicate overstatement of revenue.
- Cash conversion score of 100.0/100 indicates strong cash flow relative to earnings, suggesting that cash generation is robust despite other weaknesses.
The high concentration of ownership, with Tổng Công ty Sông Đà holding 62.3%, raises concerns about minority shareholder rights and potential conflicts of interest in decision-making.
Investors should closely monitor the company's revenue recognition practices and consider the implications of the ownership structure on governance. A cautious approach is advised until improvements in earnings quality metrics are observed.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for SDT — hover nodes for intel, click to navigate