SID
Real EstateValuation Breakdown
Real estate developers in Vietnam report land banks at historical acquisition cost (Vietnamese Accounting Standards don't allow revaluation). This means book value severely understates true asset value. This model blends two approaches: an RNAV proxy (revalued net asset value, applying a 1.5x factor to book value) weighted 40%, and a DCF on normalized cash flows weighted 60%. Highly leveraged firms receive a +2% WACC penalty.
Valuation Track Record
Retroactive intrinsic value vs actual close price — SID
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2024
The Beneish M-Score of -2.4623 indicates that SID is below the manipulation threshold, suggesting a lower likelihood of earnings manipulation. However, the earnings quality score of 47.0/100, particularly the low cash conversion and revenue metrics, raises concerns about the sustainability of reported earnings.
- Earnings Quality Score of 47.0/100 indicates potential issues with earnings sustainability.
- Cash conversion score of 0.0/100 suggests significant discrepancies between reported earnings and actual cash flows.
- Beneish M-Score of -2.4623 is well below the manipulation threshold of -1.78, indicating a lower risk of earnings manipulation.
- Receivables score of 100.0/100 suggests effective management of accounts receivable.
With 96.1% ownership by Liên Hiệp Hợp Tác Xã Thương Mại Tp. Hồ Chí Minh, there is a high concentration of ownership, which may lead to governance risks and reduced accountability.
Investors should closely monitor cash flow metrics and consider a deeper analysis of revenue recognition practices 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 SID — hover nodes for intel, click to navigate