TTH
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 — TTH
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -0.2847 indicates a low likelihood of earnings manipulation, as it is well above the manipulation threshold of -1.78. However, the earnings quality score of 36.3/100, particularly low scores in receivables and revenue metrics, raise concerns about the sustainability of reported earnings.
- Earnings Quality Score of 36.3/100 indicates significant issues with revenue recognition and cash conversion.
- Receivables and revenue metrics at 0.0/100 suggest potential overstatement of earnings or aggressive accounting practices.
- Beneish M-Score of -0.2847 suggests low risk of earnings manipulation.
- DSRI of 0.9662 indicates that inventory levels are in line with sales, which is a positive sign.
The ownership structure is fragmented with no single shareholder holding a significant stake, which may lead to governance challenges and lack of strategic direction.
Investors should closely monitor earnings quality metrics and consider a deeper analysis of cash flow statements before making investment decisions. Engaging with management on their revenue recognition policies could provide additional insights.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TTH — hover nodes for intel, click to navigate