TA6
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 — TA6
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2024
TA6 presents a moderate risk profile, primarily due to its Beneish M-Score of -2.8231, which suggests a low likelihood of earnings manipulation. However, the earnings quality metrics indicate some areas of concern, particularly with revenue recognition.
- Beneish M-Score of -2.8231 is below the manipulation threshold of -1.78, indicating potential financial manipulation.
- Earnings Quality Score of 76.0/100 is decent, but the eq_revenue score of 0.0/100 raises concerns about revenue recognition practices.
- Strong cash conversion score of 100.0/100 suggests effective cash management and operational efficiency.
- DSRI of 0.9320 indicates that inventory levels are well-managed relative to sales, which is a positive sign.
The ownership structure is heavily concentrated, with Tổng Công ty Thành An holding 52.7%, which may lead to governance risks and potential conflicts of interest.
Investors should closely monitor revenue recognition practices and consider the implications of concentrated ownership 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 TA6 — hover nodes for intel, click to navigate