TST
TechnologyValuation Breakdown
Technology companies combine high growth potential with the risk of overvaluation. This model blends DCF (60% weight, capturing long-duration growth) with a P/E sanity check (40% weight, capping speculative excess). The DCF uses the slowest growth decay (0.05) recognizing that tech companies can sustain competitive advantages longer. The P/E component applies a dynamic ceiling: max P/E = min(growth% x 1.5, 30), preventing runaway valuations.
Valuation Track Record
Retroactive intrinsic value vs actual close price — TST
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
TST exhibits significant red flags indicating potential earnings manipulation, as evidenced by a Beneish M-Score of 0.3584, well above the threshold of -1.78. The company's earnings quality score of 41.0/100, particularly low cash conversion and receivables metrics, further highlight concerns regarding the sustainability of reported earnings.
- Beneish M-Score of 0.3584 indicates potential earnings manipulation, significantly above the threshold of -1.78.
- DSRI of 5.3754 suggests a substantial increase in receivables relative to sales, which may indicate aggressive revenue recognition.
- SGAI of 4.3019 indicates excessive growth in selling, general, and administrative expenses compared to sales growth, raising concerns about cost management.
- Earnings quality score of 41.0/100, while low, shows a relatively high accrual score of 90.3/100, indicating some level of earnings sustainability.
- Institutional ownership is strong, with Tập Đoàn Bưu Chính Viễn Thông Việt Nam holding 32.8%, suggesting a level of confidence from established investors.
The ownership structure is concentrated, with the top three shareholders holding over 68% of the shares, which may lead to governance risks and potential conflicts of interest, particularly in a state-owned enterprise context.
Investors should exercise caution and conduct further due diligence on TST, particularly focusing on cash flow statements and receivables management. Consider monitoring for any changes in institutional ownership or management practices that could mitigate current risks.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TST — hover nodes for intel, click to navigate