VGP
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 — VGP
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
VGP's Beneish M-Score of -2.8522 suggests a low likelihood of earnings manipulation, as it is well below the threshold of -1.78. However, the Earnings Quality Score of 72.9 indicates potential concerns, particularly with revenue recognition, which scored 0.0/100.
- The SGI of 1.1223 indicates a growth rate higher than industry peers, which may suggest aggressive revenue recognition practices.
- The EQ revenue score of 0.0/100 raises concerns about the sustainability of reported revenues.
- The cash conversion score of 100.0/100 indicates strong cash flow generation relative to earnings, suggesting operational efficiency.
- Ownership concentration with the top shareholder holding 18.8% may align interests, reducing agency risk.
The ownership structure shows significant concentration with the top two shareholders holding a combined 35.1%, which could lead to governance risks if their interests diverge from minority shareholders.
Investors should closely monitor VGP's revenue recognition practices and consider a deeper analysis of cash flow sustainability 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 VGP — hover nodes for intel, click to navigate