VPC
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 — VPC
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
The Beneish M-Score of -2.3616 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the high Sales Growth Index (SGI) of 2.4707 raises concerns about sustainability, while the Earnings Quality Score of 56.6 suggests mixed earnings quality.
- High SGI of 2.4707 indicates aggressive revenue growth that may not be sustainable.
- Earnings Quality Score of 56.6/100, particularly low scores in eq_margin (0.0/100) and eq_revenue (0.0/100), suggest potential issues with revenue recognition.
- Beneish M-Score of -2.3616 indicates a low likelihood of earnings manipulation.
- Strong cash conversion metrics with eq_cash_conv at 100.0/100 and eq_receivables at 100.0/100 suggest effective cash management.
The top shareholders are concentrated, with the largest individual shareholder holding 11.2%, which may lead to governance risks and potential conflicts of interest.
Investors should closely monitor revenue growth sustainability and earnings quality metrics. Consider a cautious approach to investment until clearer signals of stable growth and improved earnings quality emerge.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
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