TKA
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 — TKA
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The forensic assessment of TKA reveals significant red flags indicating potential earnings manipulation, particularly with a Beneish M-Score of -1.8193, which exceeds the manipulation threshold. Coupled with a low earnings quality score of 44.8/100, the financial health of the company appears questionable, especially in terms of cash conversion and revenue recognition.
- Beneish M-Score of -1.8193 indicates potential earnings manipulation as it is below the threshold of -1.78.
- Earnings Quality Score of 44.8/100, with an alarming eq_cash_conv score of 0.0/100, suggests severe issues with cash flow relative to earnings.
- Receivables and margin metrics are strong at 100.0/100, indicating that the company is effectively managing its receivables and maintaining profitability margins.
The ownership structure is heavily skewed, with 83.9% held by a state-owned enterprise, which may lead to potential conflicts of interest and lack of accountability in financial reporting.
Investors should exercise caution and conduct further due diligence, particularly focusing on cash flow statements and revenue recognition practices before considering any investment in TKA.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TKA — hover nodes for intel, click to navigate