SRC
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 — SRC
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
SRC exhibits several concerning indicators of earnings manipulation, as suggested by its Beneish M-Score of -0.8433, which is above the manipulation threshold of -1.78. The earnings quality score of 33.3/100, particularly low cash conversion metrics, raises further concerns about the sustainability of reported earnings.
- Beneish M-Score of -0.8433 indicates potential earnings manipulation; DSRI at 1.3970 suggests increasing receivables relative to sales.
- Earnings Quality Score of 33.3/100, with cash conversion at 0.0/100, indicates severe issues with cash flow relative to earnings.
- Receivables quality score at 100.0/100 indicates strong management of receivables, suggesting effective collection practices.
The top two shareholders, Công ty Cp Tập Đoàn Hoành Sơn and Tập đoàn Hóa chất Việt Nam, hold a combined 86.2% of shares, indicating a concentrated ownership structure that may limit minority shareholder influence and raise governance concerns.
Investors should approach SRC with caution, closely monitoring cash flow and earnings quality metrics. Consider a detailed review of financial statements and governance 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 SRC — hover nodes for intel, click to navigate