YBC
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 — YBC
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
YBC exhibits several concerning financial metrics that suggest potential earnings manipulation, as indicated by a Beneish M-Score of -2.7024, which is below the manipulation threshold of -1.78. Additionally, the earnings quality score of 42.5/100 highlights significant weaknesses in revenue recognition and margin quality, raising further concerns about the reliability of reported earnings.
- Beneish M-Score of -2.7024 indicates potential earnings manipulation, significantly below the threshold of -1.78.
- Earnings quality metrics show a receivables score of 0.0/100 and a revenue score of 0.0/100, suggesting severe issues in revenue recognition and collection efficiency.
- The accrual quality score is relatively high at 98.7/100, indicating that the company may have a good track record of converting earnings into cash.
- The SGI of 0.8776 suggests that the company's sales growth is stable, which could indicate a sustainable business model.
The ownership structure is concentrated, with the top five shareholders holding a combined 58.3% of shares, which may lead to governance risks and potential conflicts of interest. This concentration could also impact minority shareholders' rights and influence management decisions.
Investors should exercise caution and conduct further due diligence, particularly regarding revenue recognition practices and cash flow management. Monitoring future earnings reports and any changes in ownership structure is advisable 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 YBC — hover nodes for intel, click to navigate