TAW
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 — TAW
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
TAW exhibits several concerning financial metrics, particularly a high DSRI of 2.6528, indicating potential revenue manipulation. Despite a Beneish M-Score of -1.0259, which suggests low likelihood of manipulation, the earnings quality score of 41.8/100 raises significant red flags regarding cash conversion and revenue recognition.
- High DSRI of 2.6528 suggests potential revenue manipulation, indicating that the company's receivables are growing disproportionately compared to revenue.
- Earnings Quality Score of 41.8/100, particularly low cash conversion score of 0.0/100, indicates significant issues with cash flow relative to reported earnings.
- The presence of a dominant institutional shareholder (Tổng Công ty Cấp nước Sài Gòn at 65.0%) may lead to governance risks, as their interests may not align with minority shareholders.
- Beneish M-Score of -1.0259 is below the manipulation threshold of -1.78, suggesting a lower likelihood of financial statement manipulation.
- Strong accrual score of 75.6/100 indicates that the company is managing its accruals effectively, which is a positive sign for financial reporting.
The ownership structure is heavily concentrated, with the top shareholder holding 65.0% of shares, which may lead to governance issues and limit minority shareholder influence.
Investors should approach TAW with caution due to elevated risks highlighted by earnings quality metrics. It is advisable to monitor cash flow closely and consider diversifying investments to mitigate potential exposure.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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