VTO
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 — VTO
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
VTO exhibits a Beneish M-Score of -3.0181, indicating a low likelihood of earnings manipulation. However, the earnings quality metrics reveal significant weaknesses, particularly in revenue recognition, which could pose risks to financial integrity.
- The revenue quality score is 0.0/100, indicating potential issues with revenue recognition practices.
- SGAI at 1.2105 suggests aggressive spending on selling, general, and administrative expenses, raising concerns about cost management.
- The earnings quality score of 74.0/100 indicates a relatively strong overall earnings quality, particularly with cash conversion at 100.0/100.
- A Beneish M-Score of -3.0181 is well below the manipulation threshold of -1.78, suggesting a lower risk of earnings manipulation.
The majority ownership by Tổng Công ty Vận Tải Thủy Petrolimex (51.9%) suggests potential influence over corporate governance, which could lead to conflicts of interest or lack of transparency.
Investors should closely monitor revenue recognition practices and consider the implications of high SG&A expenses. A thorough review of financial statements and potential governance issues is recommended before making investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VTO — hover nodes for intel, click to navigate