VDL
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 — VDL
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2017
VDL exhibits signs of potential earnings manipulation as indicated by a Beneish M-Score of -1.8784, which is below the manipulation threshold of -1.78. Although the earnings quality score is relatively strong at 66.0/100, the low cash conversion rate (49.5/100) raises concerns about the sustainability of reported earnings.
- Beneish M-Score of -1.8784 indicates potential earnings manipulation, as it is below the threshold of -1.78.
- Earnings quality metrics show a concerning cash conversion score of 49.5/100, suggesting that reported earnings may not translate into actual cash flow.
- Strong receivables quality score of 100.0/100 indicates effective management of receivables.
- The DSRI of 0.7019 suggests that inventory levels are well-managed compared to sales, which could imply operational efficiency.
The ownership structure is heavily concentrated, with institutional investors holding 51.0% and 38.3%, which may lead to governance risks and potential conflicts of interest, especially if their interests diverge from minority shareholders.
Investors should closely monitor VDL's cash flow performance and consider the implications of its concentrated ownership structure. A cautious approach is advised, potentially waiting for clearer signs of sustainable earnings before making significant investments.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VDL — hover nodes for intel, click to navigate