TSB
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 — TSB
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -1.2114 indicates a low likelihood of earnings manipulation, as it is above the threshold of -1.78. However, the earnings quality score of 40.7/100, particularly the cash conversion score of 0.0/100, raises concerns about the sustainability of earnings.
- Earnings Quality Score of 40.7/100, indicating potential issues with earnings sustainability.
- Cash conversion score of 0.0/100 suggests that earnings are not translating into cash flow.
- Beneish M-Score of -1.2114, which is above the manipulation threshold of -1.78, indicating a lower likelihood of earnings manipulation.
The top shareholder, Công ty Cổ phần Tập đoàn Hóa chất Đức Giang, holds 51.0% of the shares, indicating a strong control over the company which may limit minority shareholder influence and increase risk of decisions favoring the majority.
Investors should closely monitor cash flow performance and consider the implications of the ownership structure before making investment decisions. A deeper analysis into operational efficiency and revenue recognition practices is recommended.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TSB — hover nodes for intel, click to navigate