VLB
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 — VLB
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
VLB exhibits a Beneish M-Score of -2.304, indicating a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality score of 68.7 suggests potential concerns, particularly with revenue recognition, which scored 0.0/100.
- The revenue quality score of 0.0/100 raises concerns about the reliability of reported revenues.
- The high DEPI score of 1.4752 indicates potential issues with depreciation policies that may inflate earnings.
- The DSRI of 0.8690 suggests that accounts receivable are growing at a slower rate than sales, which is a positive indicator of revenue recognition.
- An earnings quality score of 68.7/100, while not perfect, indicates a reasonable level of earnings integrity.
The ownership structure is heavily concentrated, with the top three shareholders holding over 79% of the shares. This concentration may pose risks related to governance and minority shareholder rights.
Investors should conduct further due diligence on VLB's revenue recognition practices and monitor changes in earnings quality metrics. Given the ownership concentration, consider the potential impact of major shareholders' decisions on stock performance.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VLB — hover nodes for intel, click to navigate