SGS
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 — SGS
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
SGS exhibits an elevated risk of earnings manipulation as indicated by its Beneish M-Score of -2.8122, which is below the manipulation threshold of -1.78. However, the company's earnings quality score of 64.8 suggests reasonable financial health, particularly in cash conversion metrics.
- Beneish M-Score of -2.8122 indicates potential earnings manipulation.
- SGAI of 1.3215 suggests aggressive spending on sales and marketing, which may not translate to revenue growth.
- Earnings Quality Score of 64.8/100 indicates decent overall earnings quality.
- High eq_cash_conv score of 100.0/100 reflects strong cash conversion capabilities.
The ownership structure is heavily concentrated, with 51.0% held by Tổng Công ty Cơ khí Giao thông Vận tải Sài Gòn and 37.4% by Công ty TNHH Dịch Vụ Tiếp Vận Toàn Cầu, which may lead to potential conflicts of interest and reduced shareholder influence.
Investors should conduct further due diligence on SGS's financial practices and consider monitoring for any changes in earnings quality metrics, particularly in receivables and margins, before making investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for SGS — hover nodes for intel, click to navigate