TRA
ConsumerValuation Breakdown
A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.
Valuation Track Record
Retroactive intrinsic value vs actual close price — TRA
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
TRA exhibits a Beneish M-Score of -1.9169, indicating a lower likelihood of earnings manipulation; however, the DSRI of 1.3285 suggests potential issues with receivables. While the earnings quality score is relatively strong at 78.1/100, the revenue quality score of 0.0/100 raises concerns about revenue recognition practices.
- DSRI of 1.3285 indicates a significant increase in receivables relative to sales, suggesting potential revenue recognition issues.
- Revenue quality score of 0.0/100 signals possible aggressive accounting practices or unrecognized revenue.
- Earnings quality score of 78.1/100 indicates a generally good level of earnings quality.
- High accrual score of 97.4/100 suggests effective management of accruals, indicating less reliance on accounting adjustments.
The ownership structure shows significant state control with 35.7% held by a state-owned enterprise, which may influence operational decisions and limit minority shareholder rights.
Investors should closely monitor TRA's receivables and revenue recognition practices while considering a cautious approach due to elevated risk indicators. Engaging with management on these issues may provide further clarity.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TRA — hover nodes for intel, click to navigate