TLD
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 — TLD
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.662 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality metrics reveal significant weaknesses, particularly in revenue and margin quality, which pose risks to the stock's financial integrity.
- SGI of 1.1717 suggests aggressive growth, which may not be supported by underlying fundamentals.
- EQ margin and EQ revenue scores of 0.0/100 indicate severe issues with profitability and revenue recognition.
- High cash conversion score of 100.0/100 indicates strong cash flow generation relative to earnings.
- Low GMI of 0.4457 suggests that the company is not experiencing significant gross margin deterioration.
The concentrated ownership structure, with the top five shareholders holding over 45% of the company, raises potential governance risks and may lead to conflicts of interest.
Investors should closely monitor the company's revenue recognition practices and consider a cautious approach given the elevated risk level, while also leveraging the strong cash flow generation as a potential buffer.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TLD — hover nodes for intel, click to navigate