TCW
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 — TCW
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
TCW exhibits several concerning indicators of potential earnings manipulation, as evidenced by a Beneish M-Score of -2.6015, significantly below the manipulation threshold of -1.78. While the earnings quality score of 72.7 suggests reasonable performance, the low receivables score of 41.5 raises concerns about revenue recognition practices.
- Beneish M-Score of -2.6015 indicates potential earnings manipulation, significantly below the threshold of -1.78.
- Low receivables quality score of 41.5 suggests possible issues with revenue recognition.
- Earnings quality score of 72.7/100 indicates overall good earnings quality.
- Strong cash conversion score of 100.0/100 suggests effective cash generation from earnings.
The majority ownership of 59.0% by Công ty TNHH MTV Tổng Công ty Tân Cảng Sài Gòn could lead to potential conflicts of interest and reduced minority shareholder influence.
Investors should closely monitor TCW's financial reporting and consider a cautious approach due to elevated risks of earnings manipulation, while also leveraging the strong cash conversion metrics as a potential positive indicator.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TCW — hover nodes for intel, click to navigate