THW
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 — THW
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
THW exhibits several concerning financial metrics that suggest potential earnings manipulation, particularly with a Beneish M-Score of -0.4364, which is well above the manipulation threshold of -1.78. The earnings quality score of 49.1/100, combined with low cash conversion metrics, raises further concerns about the sustainability of reported earnings.
- Beneish M-Score of -0.4364 indicates potential earnings manipulation risk, as it is significantly above the threshold of -1.78.
- Earnings Quality Score of 49.1/100, particularly low cash conversion score of 0.0/100, suggests poor quality of earnings.
- DSRI of 1.9538 indicates that accounts receivable are growing faster than revenue, which could signal aggressive revenue recognition practices.
- Strong gross margin score of 100.0/100 indicates effective cost management and pricing power.
- SGI of 1.1594 suggests that the company is experiencing revenue growth, which can be a positive indicator in the context of market expansion.
The high concentration of ownership, with Tổng Công ty Cấp nước Sài Gòn holding 65.0%, raises potential governance concerns, as decision-making may not reflect minority shareholder interests.
Investors should closely monitor THW's financial disclosures and consider a cautious approach, given the elevated risk of earnings manipulation. It may be prudent to wait for improved earnings quality metrics before making significant investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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