TCJ
ConsumerValuation Breakdown
A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.
Valuation Track Record
Retroactive intrinsic value vs actual close price — TCJ
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2016
The forensic assessment of TCJ indicates elevated risk due to concerning earnings quality metrics and a high DSRI, suggesting potential revenue manipulation. However, the Beneish M-Score of -1.3695 is below the manipulation threshold, indicating that while risks exist, they may not be severe.
- DSRI of 2.7757 indicates significant increases in receivables relative to sales, suggesting potential revenue recognition issues.
- Earnings Quality Score of 32.6/100 reflects poor cash conversion and receivables management, with scores of 0.0/100 in both eq_cash_conv and eq_receivables.
- Beneish M-Score of -1.3695 is below the manipulation threshold of -1.78, indicating a lower likelihood of earnings manipulation.
- Institutional ownership is high at 75.8%, which may provide some level of oversight and stability.
The high concentration of ownership by institutional investors, particularly Tổng Công ty Lương thực Miền Nam at 65.4%, could lead to potential governance risks, especially if interests diverge from minority shareholders.
Investors should closely monitor TCJ's earnings quality and revenue recognition practices, considering a cautious approach until improvements in cash conversion and receivables management are evident.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TCJ — hover nodes for intel, click to navigate