TVD
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 — TVD
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.9763 indicates that TVD is not likely engaged in earnings manipulation, as it falls below the threshold of -1.78. However, the earnings quality score of 73.7 suggests some concerns, particularly with revenue recognition, which scored 0.0/100, indicating potential issues with revenue transparency.
- Revenue quality score of 0.0/100 raises concerns about the reliability of reported revenues.
- High institutional ownership at 66.8% may lead to governance issues, particularly if the interests of the majority shareholder conflict with minority shareholders.
- Strong cash conversion score of 100.0/100 indicates effective cash flow management.
- Low DSRI of 0.8031 suggests that accounts receivable are well managed relative to sales.
The dominant ownership by Tập đoàn Công nghiệp Than - Khoáng sản Việt Nam at 66.8% could pose risks to minority shareholders, as decisions may favor the majority stakeholder's interests.
Investors should closely monitor revenue recognition practices and consider engaging with management to clarify revenue reporting. Diversifying ownership structure could enhance governance and reduce potential conflicts.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TVD — hover nodes for intel, click to navigate