VCC
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 — VCC
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
VCC exhibits several concerning indicators that suggest potential earnings manipulation, particularly with a Beneish M-Score of -2.1442, which is below the manipulation threshold. The earnings quality score of 44.5/100 further highlights weaknesses in cash conversion and revenue recognition.
- Beneish M-Score of -2.1442 indicates potential earnings manipulation, as it is below the threshold of -1.78.
- Earnings quality score of 44.5/100 reflects significant issues, particularly with cash conversion at 0.0/100 and revenue recognition at 0.0/100.
- DSRI of 0.6036 suggests that accounts receivable are growing slower than sales, which is typically a positive indicator.
- High receivables score of 100.0/100 indicates effective management of receivables.
The majority ownership by Tổng Công ty Cổ phần Xuất nhập khẩu và Xây dựng Việt Nam at 71.1% suggests a lack of diversity in shareholder interests, which could lead to governance issues and reduced accountability.
Investors should exercise caution and closely monitor VCC's financial disclosures for signs of manipulation. It may be prudent to wait for improved earnings quality metrics before considering an investment.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VCC — hover nodes for intel, click to navigate