SMA
UtilitiesValuation Breakdown
The Dividend Discount Model values a stock based on its future dividend payments, discounted to present value. The 3-stage variant captures three phases of a company's life: high growth (years 1-3), a transition period where growth declines linearly (years 4-6), and a terminal stage of stable, perpetual growth (year 7+). As John D. Rockefeller said: "The only thing that gives me pleasure is to see my dividends coming in."
Valuation Track Record
Retroactive intrinsic value vs actual close price — SMA
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.3513 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality score of 52.3 suggests potential concerns, particularly in receivables and revenue recognition metrics.
- Earnings Quality Score of 52.3 indicates moderate risk, particularly with receivables and revenue metrics at 0.0/100, which raises concerns about revenue recognition practices.
- Beneish M-Score of -2.3513 suggests low likelihood of manipulation, indicating a potentially stable earnings reporting environment.
The top shareholder, Công ty Cổ phần Thủy điện Nậm La, holds a significant 52.1% stake, which may lead to concentrated control and potential conflicts of interest, especially in decision-making processes.
Investors should closely monitor revenue recognition practices and the quality of receivables. Given the elevated risk level, a cautious approach is advised, potentially waiting for improved earnings quality metrics before making significant investments.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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