THN
UtilitiesValuation Breakdown
The Dividend Discount Model values a stock based on its future dividend payments, discounted to present value. The 3-stage variant captures three phases of a company's life: high growth (years 1-3), a transition period where growth declines linearly (years 4-6), and a terminal stage of stable, perpetual growth (year 7+). As John D. Rockefeller said: "The only thing that gives me pleasure is to see my dividends coming in."
Valuation Track Record
Retroactive intrinsic value vs actual close price — THN
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2020
THN exhibits a Beneish M-Score of -2.9205, indicating a low likelihood of earnings manipulation. However, the Earnings Quality Score of 66.3/100 reveals weaknesses in revenue recognition and profit margins, which could pose risks to financial stability.
- Earnings Quality Score of 66.3/100, particularly low eq_margin at 19.2/100, suggests potential issues with profitability.
- GMI of 1.2105 indicates a rising gross margin, which could be misleading if not supported by actual revenue growth.
- DSRI of 0.8054 suggests that inventory levels are well managed relative to sales, indicating operational efficiency.
- Cash conversion metrics are strong, with eq_cash_conv at 100.0/100, indicating effective cash management.
The significant state ownership at 63.6% may lead to potential governance risks, particularly in decision-making transparency and alignment with minority shareholders' interests.
Investors should closely monitor THN's revenue recognition practices and profit margins while considering the strong cash conversion metrics as a positive sign. A cautious approach is advised, given the moderate risk profile.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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