VXB
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 — VXB
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
VXB exhibits significant red flags indicating potential earnings manipulation, as evidenced by a Beneish M-Score of -6.2108, well below the manipulation threshold of -1.78. The company's earnings quality score is alarmingly low at 15.9/100, particularly highlighted by a cash conversion score of only 0.9/100, suggesting severe issues in cash flow relative to reported earnings.
- Beneish M-Score of -6.2108 indicates strong likelihood of earnings manipulation.
- Earnings Quality Score of 15.9/100, with cash conversion at 0.9/100, shows poor cash flow relative to earnings.
- SGI of 3.3487 indicates unsustainable growth relative to historical performance.
- DSRI of 0.2789 suggests that inventory levels are well-managed relative to sales, which could indicate operational efficiency.
The state-owned enterprise (SOE) structure with 49.8% ownership by Tổng Công ty Đầu Tư Và Kinh Doanh Vốn Nhà Nước may lead to potential conflicts of interest and lack of accountability, increasing governance risks.
Investors should exercise caution and consider divesting or avoiding VXB until further transparency in financial reporting and improvements in earnings quality are demonstrated.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VXB — hover nodes for intel, click to navigate