TCD
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 — TCD
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
TCD exhibits several concerning indicators suggesting potential financial manipulation, particularly with a Beneish M-Score of -2.2286, which is below the manipulation threshold. The earnings quality score of 35.2/100, especially the zero scores in cash conversion and receivables, raises significant red flags about the sustainability of reported earnings.
- Beneish M-Score of -2.2286 indicates potential earnings manipulation, significantly below the threshold of -1.78.
- Earnings Quality Score of 35.2/100, with eq_cash_conv and eq_receivables both at 0.0/100, suggests severe issues in cash flow and revenue recognition.
- DSRI of 1.4640 indicates a moderate increase in inventory relative to sales, which could suggest growth, but requires further scrutiny.
The top shareholder, Bamboo Capital, holds a substantial 43.9% stake, which may lead to concentrated decision-making risks and potential conflicts of interest. However, the presence of multiple institutional investors may provide some level of oversight.
Investors should exercise caution and conduct further due diligence on TCD, particularly focusing on cash flow and revenue recognition practices before considering any investment.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TCD — hover nodes for intel, click to navigate