TCK
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 — TCK
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.8336 indicates a low likelihood of earnings manipulation, as it is below the manipulation threshold of -1.78. However, the high SGI of 1.1646 and low earnings quality metrics raise concerns about revenue sustainability and margin pressures.
- SGI of 1.1646 suggests aggressive growth that may not be supported by underlying fundamentals.
- Earnings Quality Score of 69.7/100, particularly low scores in eq_margin (0.0/100) and eq_revenue (0.0/100), indicate potential issues with revenue recognition and profitability.
- Strong accrual (98.9/100) and cash conversion (100.0/100) metrics suggest that the company is effectively converting earnings into cash, which is a positive indicator of operational efficiency.
The overwhelming state ownership at 98.8% may lead to reduced market discipline and transparency, as decisions may prioritize state objectives over shareholder value.
Investors should closely monitor revenue growth trends and margin improvements while considering the implications of high state ownership. A cautious approach is advised until clearer signs of sustainable profitability emerge.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TCK — hover nodes for intel, click to navigate