VE8
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 — VE8
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2017
The Beneish M-Score of -1.8837 indicates a potential risk of earnings manipulation, as it exceeds the threshold of -1.78. Additionally, the earnings quality score of 46.1 suggests significant concerns regarding cash conversion and revenue recognition, which could impact the reliability of reported earnings.
- Beneish M-Score of -1.8837, indicating potential earnings manipulation.
- Earnings Quality Score of 46.1/100, particularly low cash conversion at 1.9/100 and revenue quality at 16.8/100.
- High receivables quality score of 100.0/100, indicating strong management of receivables.
The significant ownership by Tổng Công ty Cổ phần Xây dựng điện Việt Nam at 55.9% raises concerns about potential conflicts of interest and influence over financial reporting, typical in state-owned enterprises (SOEs) in Vietnam.
Investors should approach VE8 with caution, closely monitoring future earnings reports and cash flow statements. It may be prudent to wait for improved earnings quality metrics 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 VE8 — hover nodes for intel, click to navigate