VNE
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 — VNE
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
VNE exhibits several concerning indicators of potential earnings manipulation, particularly with a Beneish M-Score of -2.4951, which is below the manipulation threshold. While the earnings quality score is relatively strong at 61.6/100, the low receivables and margin scores raise questions about revenue recognition and operational efficiency.
- Beneish M-Score of -2.4951 indicates potential earnings manipulation, significantly below the threshold of -1.78.
- Receivables score of 0.0/100 suggests severe issues in revenue collection and recognition.
- Earnings Quality Score of 61.6/100 indicates generally acceptable earnings quality.
- Accrual score of 98.6/100 and cash conversion score of 100.0/100 suggest strong cash flow management.
The ownership structure is fragmented with no single entity holding a controlling stake, which may lead to governance challenges and potential conflicts of interest among shareholders.
Investors should closely monitor VNE's financial disclosures and consider a cautious approach, particularly regarding revenue recognition practices, while also evaluating the implications of its ownership structure.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VNE — hover nodes for intel, click to navigate