VCF
ConsumerValuation Breakdown
A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.
Valuation Track Record
Retroactive intrinsic value vs actual close price — VCF
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.0 indicates a lower likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the high DSRI of 1.6960 and the low SGAI of 0.7247 raise concerns about inventory management and sales growth relative to receivables.
- DSRI of 1.6960 suggests potential overstatement of inventory, which could indicate aggressive accounting practices.
- SGAI of 0.7247 indicates that sales growth is lagging behind the growth in receivables, raising concerns about revenue recognition practices.
- Earnings Quality Score of 88.2/100 reflects strong overall earnings quality, particularly with receivables and margin metrics both at 100.0/100.
- The low GMI of 0.9174 suggests a stable gross margin, indicating potential operational efficiency.
The ownership structure is heavily concentrated, with Công ty TNHH MTV Masan Beverage holding 98.8% of shares, which raises concerns about minority shareholder rights and potential governance issues.
Investors should closely monitor inventory levels and sales growth metrics, while considering the strong earnings quality indicators. A cautious approach is recommended until further clarity on operational practices is obtained.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VCF — hover nodes for intel, click to navigate