TCT
CyclicalsValuation Breakdown
Cyclical companies (chemicals, oil & gas, basic resources) have earnings that swing dramatically with commodity prices and economic cycles. Valuing them on a single year's earnings is misleading: they look cheap at peaks and expensive at troughs. This model uses 7-year median EBITDA ("mid-cycle" earnings) and a 7-year median EV/EBITDA multiple to estimate what the firm is worth at a normal point in the cycle.
Valuation Track Record
Retroactive intrinsic value vs actual close price — TCT
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
TCT exhibits several concerning indicators of potential earnings manipulation, as evidenced by a Beneish M-Score of -2.8514, significantly below the manipulation threshold of -1.78. While the company shows strong earnings quality in terms of accruals and margins, the low cash conversion and receivables metrics raise substantial concerns about the sustainability of its earnings.
- Beneish M-Score of -2.8514 indicates potential earnings manipulation, well below the threshold of -1.78.
- Earnings Quality Score of 41.6/100, particularly low cash conversion at 28.0/100 and receivables at 0.0/100, suggests potential liquidity issues.
- Strong accrual quality score of 81.3/100 and margin quality of 88.1/100 indicate effective cost management and revenue generation.
- Institutional ownership is high at 51.0%, suggesting confidence from major stakeholders.
The high concentration of ownership with 51.0% held by a single institution could lead to governance risks, as decisions may favor the interests of the majority shareholder over minority interests.
Investors should exercise caution and conduct further due diligence on TCT, particularly focusing on cash flow management and revenue recognition practices before making investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TCT — hover nodes for intel, click to navigate