TOT
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 — TOT
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
TOT exhibits an elevated risk of financial manipulation, as indicated by its Beneish M-Score of -1.1879, which is above the threshold of -1.78. The earnings quality score of 62.6 suggests some concerns, particularly in receivables and revenue recognition, which could impact the reliability of reported earnings.
- Beneish M-Score of -1.1879 indicates potential earnings manipulation risk, as it is above the threshold of -1.78.
- Earnings quality metrics show a low receivables score of 38.6/100, suggesting potential issues with revenue collection and recognition.
- Strong earnings quality score of 93.0/100 in accruals indicates good management of non-cash earnings.
- High margin score of 100.0/100 reflects strong profitability relative to revenue.
The dominant ownership by Công ty Cổ phần Transimex at 82.3% raises concerns about minority shareholder influence and potential lack of transparency in decision-making processes.
Investors should conduct further due diligence on TOT's revenue recognition practices and monitor changes in its earnings quality metrics. Consider a cautious approach to investment until clearer signals of financial stability emerge.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TOT — hover nodes for intel, click to navigate