TCO
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 — TCO
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.1348 indicates a significant likelihood of earnings manipulation, as it falls well below the threshold of -1.78. Coupled with a very low earnings quality score of 4.4/100 and poor cash conversion metrics, TCO presents substantial risks for investors in the current Vietnamese market context.
- Beneish M-Score of -2.1348 indicates potential earnings manipulation.
- Earnings Quality Score of 4.4/100 reflects extremely poor earnings quality.
- Cash conversion metrics are at 0.0/100, suggesting severe issues in converting earnings to cash.
- DSRI of 1.2218 suggests that the company is managing its inventory levels reasonably, as it is not excessively high.
- SGI of 0.2476 indicates that sales growth is not overly aggressive, which could imply a more sustainable growth strategy.
The top shareholders are primarily individuals, with the largest holding at 20.7% by Nguyễn Thái Huy, which may lead to concentrated decision-making risks. This structure can also increase vulnerability to potential conflicts of interest.
Investors should exercise caution and consider avoiding TCO until there are clear improvements in earnings quality and transparency. A thorough review of financial statements and management practices is recommended before any investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TCO — hover nodes for intel, click to navigate