VMA
CyclicalsValuation Breakdown
Cyclical companies (chemicals, oil & gas, basic resources) have earnings that swing dramatically with commodity prices and economic cycles. Valuing them on a single year's earnings is misleading: they look cheap at peaks and expensive at troughs. This model uses 7-year median EBITDA ("mid-cycle" earnings) and a 7-year median EV/EBITDA multiple to estimate what the firm is worth at a normal point in the cycle.
Valuation Track Record
Retroactive intrinsic value vs actual close price — VMA
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
The Beneish M-Score of 4.5939 indicates a strong likelihood of earnings manipulation, significantly exceeding the threshold of -1.78. Coupled with a low earnings quality score of 36.0/100, particularly concerning cash conversion and receivables metrics, this raises substantial red flags regarding the financial integrity of VMA.
- Beneish M-Score of 4.5939 indicates likely earnings manipulation.
- Earnings Quality Score of 36.0/100, with 0.0/100 for eq_cash_conv and eq_receivables, suggests severe issues in cash flow and revenue recognition.
- DSRI of 0.7527 indicates a lower risk of revenue manipulation through inventory management.
- High eq_margin of 100.0/100 suggests strong profitability on a per-unit basis.
The concentrated ownership structure, with top shareholders holding over 37% each, raises concerns about potential conflicts of interest and lack of independent oversight. This could exacerbate risks related to governance and financial transparency.
Investors should exercise caution and consider a thorough due diligence process before engaging with VMA, focusing on verifying financial statements and assessing the sustainability of reported earnings.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VMA — hover nodes for intel, click to navigate