TGP
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 — TGP
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
TGP exhibits a Beneish M-Score of -3.8857, indicating a low likelihood of earnings manipulation. However, the earnings quality score of 32.0/100, particularly low accrual and margin metrics, raises concerns about the sustainability of earnings.
- Earnings Quality Score of 32.0/100, with eq_accrual at 0.0/100, indicating potential issues with earnings sustainability.
- Low receivables quality score of 10.1/100, suggesting challenges in revenue collection and potential cash flow issues.
- Beneish M-Score of -3.8857, well below the manipulation threshold of -1.78, indicating a lower risk of earnings manipulation.
- High cash conversion score of 100.0/100, suggesting effective cash management despite low accruals.
The ownership structure is highly concentrated, with the top five shareholders holding 53.7% of the company. This concentration can lead to governance risks and potential conflicts of interest.
Investors should closely monitor TGP's earnings quality and cash flow metrics. Consider a cautious approach, potentially waiting for improved earnings sustainability indicators before making significant investments.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TGP — hover nodes for intel, click to navigate