VSH
UtilitiesValuation Breakdown
The Dividend Discount Model values a stock based on its future dividend payments, discounted to present value. The 3-stage variant captures three phases of a company's life: high growth (years 1-3), a transition period where growth declines linearly (years 4-6), and a terminal stage of stable, perpetual growth (year 7+). As John D. Rockefeller said: "The only thing that gives me pleasure is to see my dividends coming in."
Valuation Track Record
Retroactive intrinsic value vs actual close price — VSH
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
VSH exhibits a Beneish M-Score of -2.8758, indicating a low likelihood of earnings manipulation. However, the earnings quality metrics reveal significant weaknesses, particularly in revenue recognition and profit margins, which warrant caution.
- Earnings Quality Score of 61.6/100 indicates potential concerns, especially with an eq_margin of only 34.6/100 and eq_revenue at 0.0/100, suggesting aggressive revenue recognition practices.
- The DSRI of 0.9481 and GMI of 0.8977 suggest that inventory and gross margin are being managed effectively, which is a positive indicator in the context of Vietnamese market practices.
The concentrated ownership structure, with Công ty TNHH Năng Lượng Ree holding 52.6% and Tổng Công ty Phát điện 3 holding 30.6%, may lead to governance issues and potential conflicts of interest, impacting minority shareholders.
Investors should closely monitor VSH's revenue recognition practices and consider the implications of its ownership structure on corporate governance. A cautious approach is advised until clearer signals of earnings stability emerge.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VSH — hover nodes for intel, click to navigate