TRT
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 — TRT
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
TRT exhibits several concerning indicators of potential earnings manipulation, as evidenced by a Beneish M-Score of -3.4951, significantly below the manipulation threshold of -1.78. Despite some positive cash conversion metrics, the overall earnings quality score of 52.7 suggests underlying weaknesses in revenue recognition and margin sustainability.
- Beneish M-Score of -3.4951 indicates a high likelihood of earnings manipulation.
- Earnings Quality Score of 52.7, with eq_margin and eq_revenue both at 0.0/100, raises concerns about revenue recognition practices.
- Strong cash conversion metrics with eq_cash_conv at 100.0/100 and eq_receivables at 100.0/100 indicate effective cash management.
- Low DSRI of 0.8430 suggests that inventory levels are well-managed relative to sales.
The concentrated ownership structure, with the top three shareholders controlling over 74% of the company, raises potential governance risks and may limit minority shareholder influence.
Investors should closely monitor TRT's earnings reports and cash flow statements for signs of manipulation. Consider a cautious approach to investment until clearer transparency and improved earnings quality metrics are demonstrated.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TRT — hover nodes for intel, click to navigate