THS
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 — THS
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -1.9798 indicates a potential risk of earnings manipulation, as it exceeds the threshold of -1.78. Additionally, the earnings quality score of 30.3/100 reveals significant weaknesses in cash conversion and revenue recognition, which are critical in assessing the reliability of reported earnings.
- Beneish M-Score of -1.9798 indicates potential earnings manipulation.
- Earnings Quality Score of 30.3/100, with cash conversion at 0.0/100, raises concerns about the sustainability of earnings.
- SGI of 1.3145 suggests aggressive growth that may not be supported by actual sales.
- DSRI of 0.3831 indicates that accounts receivable are not growing faster than sales, which is a positive sign.
- Receivables score of 100.0/100 suggests effective management of receivables.
The concentrated ownership structure, with Lê Anh Tuấn holding 79.0%, poses a risk as it may lead to decisions that prioritize personal interests over minority shareholders. This lack of diversity in ownership can limit accountability.
Investors should approach THS with caution, considering the elevated risk of earnings manipulation and low earnings quality. It may be prudent to monitor future earnings reports closely and assess any changes in ownership dynamics.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for THS — hover nodes for intel, click to navigate