STT
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 — STT
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
The Beneish M-Score of -3.603 indicates a low likelihood of earnings manipulation, as it is well below the threshold of -1.78. However, the earnings quality score of 53.2 suggests moderate concerns regarding the sustainability of earnings, particularly in cash conversion and revenue recognition.
- Earnings quality metrics show low cash conversion (40.0/100) and revenue quality (23.9/100), indicating potential issues with revenue sustainability and cash flow generation.
- The DSRI of 0.7193 and GMI of 0.7990 suggest that inventory and gross margin are being managed effectively, which are positive indicators in the context of Vietnamese market dynamics.
The ownership structure is relatively concentrated, with the top three shareholders holding a combined 48.9%. This could lead to governance risks if decisions favor major shareholders over minority interests.
Investors should closely monitor cash flow trends and revenue recognition practices, while considering the concentrated ownership structure as a potential governance risk. A cautious approach is advised until clearer signals of earnings sustainability emerge.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for STT — hover nodes for intel, click to navigate