VDB
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 — VDB
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
VDB exhibits a Beneish M-Score of -2.3974, indicating a lower likelihood of earnings manipulation. However, the Earnings Quality Score of 84.5 suggests strong overall earnings quality, although the revenue metric is concerning at 0.0/100, indicating potential issues in revenue recognition.
- Revenue quality score at 0.0/100 raises concerns about revenue recognition practices.
- High DEPI of 1.6477 indicates potential issues with depreciation policies that could affect asset valuations.
- Earnings Quality Score of 84.5/100 and cash conversion of 100.0/100 indicate strong cash flow management.
- Beneish M-Score of -2.3974 is well below the manipulation threshold of -1.78, suggesting lower risk of earnings manipulation.
The majority ownership by Tổng Công ty Đông Bắc (51.0%) suggests potential risks related to governance and decision-making, as state-owned enterprises (SOEs) may prioritize mandates over shareholder interests.
Investors should closely monitor VDB's revenue recognition practices and consider the implications of its concentrated ownership structure before making investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VDB — hover nodes for intel, click to navigate