VSF
ConsumerValuation Breakdown
A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.
Valuation Track Record
Retroactive intrinsic value vs actual close price — VSF
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -3.2952 indicates a low likelihood of earnings manipulation, as it is well below the threshold of -1.78. However, the Earnings Quality Score of 43.9 suggests significant concerns regarding the quality of earnings, particularly due to poor performance in receivables, margins, and revenue metrics.
- Earnings Quality Score of 43.9 indicates potential issues with earnings sustainability.
- Receivables, margins, and revenue metrics all scoring 0.0/100 raise concerns about revenue recognition practices.
- Beneish M-Score of -3.2952 suggests a lower likelihood of earnings manipulation.
- High cash conversion score of 100.0/100 indicates strong cash flow relative to earnings.
The ownership structure is heavily dominated by state entities, with 51.4% held by the Ministry of Finance and the Ministry of Agriculture, which may lead to potential conflicts of interest and reduced accountability in financial reporting.
Investors should closely monitor future earnings reports for improvements in revenue recognition and margin metrics, while considering a cautious approach due to the elevated risk level associated with ownership concentration and earnings quality.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VSF — hover nodes for intel, click to navigate