SFG
CyclicalsValuation Breakdown
Cyclical companies (chemicals, oil & gas, basic resources) have earnings that swing dramatically with commodity prices and economic cycles. Valuing them on a single year's earnings is misleading: they look cheap at peaks and expensive at troughs. This model uses 7-year median EBITDA ("mid-cycle" earnings) and a 7-year median EV/EBITDA multiple to estimate what the firm is worth at a normal point in the cycle.
Valuation Track Record
Retroactive intrinsic value vs actual close price — SFG
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
SFG exhibits several concerning financial metrics, particularly a Beneish M-Score of -1.455, indicating a low likelihood of manipulation but still within a concerning range. The earnings quality score of 28.2/100, especially the low cash conversion of 0.0/100, raises significant red flags regarding the sustainability of reported earnings.
- Earnings Quality Score of 28.2/100 indicates poor earnings quality, particularly low cash conversion (0.0/100) and revenue recognition (0.0/100).
- SGI of 1.2909 suggests aggressive growth that may not be supported by actual revenue generation.
- High institutional ownership (65.0%) could indicate potential for management entrenchment and lack of accountability.
- Beneish M-Score of -1.455 is above the manipulation threshold of -1.78, suggesting a lower likelihood of financial statement manipulation.
- High receivables quality score (100.0/100) indicates effective management of receivables, which could support future cash flows.
The high concentration of ownership by Tập đoàn Hóa chất Việt Nam (65.0%) presents a risk of governance issues, potentially limiting minority shareholder influence and oversight.
Investors should closely monitor cash flow statements and revenue recognition practices, considering a cautious approach to investment 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 SFG — hover nodes for intel, click to navigate