TKC
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 — TKC
Earnings Quality
Fiscal year 2022
Financial Forensics
Beneish M-Score · 2021
The Beneish M-Score of -1.4095 indicates a low likelihood of earnings manipulation, as it is above the manipulation threshold of -1.78. However, the earnings quality score of 16.3/100 highlights significant concerns regarding cash conversion and revenue recognition, which could suggest underlying operational issues.
- Earnings Quality Score of 16.3/100 indicates poor earnings quality, particularly with cash conversion at 0.0/100.
- DSRI of 1.8429 suggests potential inventory manipulation, as it is significantly above the benchmark of 1.0.
- Beneish M-Score of -1.4095 is above the manipulation threshold, suggesting a lower risk of earnings manipulation.
- SGI of 0.9622 indicates stable sales growth, which is a positive sign in the context of the Vietnamese market.
The ownership structure is fragmented, with the largest shareholder holding only 10.2%. This could lead to potential governance issues and misalignment of interests among shareholders.
Investors should closely monitor cash flow metrics and revenue recognition practices. It may be prudent to approach any investment in TKC with caution, given the elevated risk indicators.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TKC — hover nodes for intel, click to navigate