VLG
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 — VLG
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
VLG exhibits an elevated risk of financial manipulation, as indicated by a Beneish M-Score of -1.5592, which is close to the manipulation threshold of -1.78. The earnings quality score of 41.5/100 further suggests potential issues with revenue recognition and cash conversion.
- Beneish M-Score of -1.5592 is close to the manipulation threshold of -1.78, indicating potential earnings manipulation.
- Earnings Quality Score of 41.5/100, with a cash conversion score of 0.0/100, raises concerns about the reliability of reported earnings.
- DSRI of 0.7926 indicates that accounts receivable are growing at a slower rate than revenue, which is a positive sign for revenue recognition.
- High receivables score of 100.0/100 suggests effective management of receivables.
The ownership structure is heavily concentrated, with Tổng Công ty Hàng hải Việt Nam holding 56.7%, which may lead to potential conflicts of interest and reduced oversight.
Investors should conduct further due diligence, focusing on cash flow statements and revenue recognition practices, before considering any investment in VLG.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VLG — hover nodes for intel, click to navigate