TAB
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 — TAB
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
The Beneish M-Score of 15.2727 indicates a strong likelihood of earnings manipulation, significantly exceeding the threshold of -1.78. Coupled with a low earnings quality score and high Selling, General and Administrative Expenses (SGAI), this stock presents considerable risks for investors.
- Beneish M-Score of 15.2727 indicates likely earnings manipulation.
- SGAI of 2.7875 suggests excessive spending on sales and administration, which could be unsustainable.
- Earnings quality score of 70.3/100 is concerning, particularly with an accrual score of only 16.9/100, indicating poor earnings quality.
- Cash conversion score of 100.0/100 indicates strong cash flow relative to earnings.
- Receivables score of 100.0/100 suggests effective management of accounts receivable.
The ownership structure is concentrated among a few individuals, each holding around 8.9%, which could lead to potential governance issues and lack of accountability.
Investors should exercise caution and consider avoiding this stock due to the high risk of earnings manipulation and poor earnings quality. A deeper investigation into the company's financial practices and governance structure is recommended.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
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