TLT
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 — TLT
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -0.2191 indicates a low likelihood of manipulation, as it is well above the threshold of -1.78. However, the earnings quality score of 31.5/100, particularly low scores in cash conversion and receivables, raise concerns about the sustainability of earnings.
- Earnings Quality Score of 31.5/100 indicates poor earnings quality, with cash conversion at 38.1/100 and receivables at 0.0/100.
- DSRI of 3.3774 suggests significant growth in receivables relative to revenue, which could indicate potential revenue recognition issues.
- Beneish M-Score of -0.2191 suggests a low likelihood of earnings manipulation.
- Strong institutional ownership with top shareholders holding 51.1% each, indicating stability and potential support for governance.
The high concentration of ownership among institutional investors (51.1% each) may lead to reduced liquidity and potential governance risks, particularly if these entities have conflicting interests.
Investors should closely monitor cash flow metrics and receivables management, given the low earnings quality score. Consider a cautious approach until improvements in cash conversion and receivables are observed.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TLT — hover nodes for intel, click to navigate