TLH
CyclicalsValuation Breakdown
Cyclical companies (chemicals, oil & gas, basic resources) have earnings that swing dramatically with commodity prices and economic cycles. Valuing them on a single year's earnings is misleading: they look cheap at peaks and expensive at troughs. This model uses 7-year median EBITDA ("mid-cycle" earnings) and a 7-year median EV/EBITDA multiple to estimate what the firm is worth at a normal point in the cycle.
Valuation Track Record
Retroactive intrinsic value vs actual close price — TLH
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -4.8822 indicates a strong likelihood of earnings manipulation, significantly below the threshold of -1.78. Coupled with a low Earnings Quality Score of 40.9/100 and poor metrics in accruals and revenue recognition, TLH presents substantial risks for investors.
- Beneish M-Score of -4.8822 indicates potential earnings manipulation.
- Earnings Quality Score of 40.9/100, with eq_margin and eq_revenue both at 0.0/100, suggests severe issues in revenue recognition and margin quality.
- DSRI of 0.8408 indicates lower risk of inventory manipulation compared to sales.
- Cash conversion metric at 100.0/100 suggests strong cash flow generation despite other quality issues.
The ownership structure is heavily concentrated, with the top individual shareholders holding 39.4% of shares, which may lead to governance risks and potential conflicts of interest.
Investors should exercise caution and consider avoiding TLH due to high risk of earnings manipulation and poor earnings quality metrics. Further due diligence is recommended to assess the sustainability of cash flows.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TLH — hover nodes for intel, click to navigate