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VHI

VALHI, INC.
CIK 0000059255 · EDGAR ↗
cleanelevatedtriggeredno dataplanned
24.8
composite · 4 signals · CLEAN

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

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Signals

P-01 · FY 2025-12-31 · CLEAN33.7

Earnings quality

Beneish M-Score -2.32 — no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-10) ↗
Evidence — inputs and thresholds
{
  "m_score": -2.32,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 1.418,
    "AQI": 1.061,
    "SGI": 0.987,
    "DEPI": 1,
    "SGAI": 1.235,
    "LVGI": 0.981,
    "TATA": -0.008
  },
  "defaulted_to_neutral": [
    "DSRI",
    "DEPI"
  ],
  "sloan_accruals": -0.0081,
  "inputs": {
    "revenue_t": 2077000000,
    "revenue_t1": 2104800000,
    "total_assets_t": 2632300000,
    "net_income_t": -57600000,
    "cfo_t": -35500000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/59255/000110465926025847/0001104659-26-025847-index.htm",
    "form": "10-K",
    "filed": "2026-03-10"
  }
}
P-05 · FY 2024-12-31 · CLEAN0.0

Tax arbitrage

ETR 33.9% — within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-10) ↗
Evidence — inputs and thresholds
{
  "etr_by_year": {
    "2024-12-31": 0.3395
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2024-12-31": -0.1295
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/59255/000110465926025847/0001104659-26-025847-index.htm",
    "form": "10-K",
    "filed": "2026-03-10"
  }
}
P-12 · FY 2025-12-31 · CLEAN12.2

Restatement predictor

F-Score 0.37 — at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-10) ↗
Evidence — inputs and thresholds
{
  "f_score": 0.366,
  "probability": 0.00135,
  "components": {
    "rsst": -0.0081,
    "drec": null,
    "dinv": -0.0096,
    "soft": 0.6332,
    "dcs": -0.0132,
    "droa": -0.0605,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/59255/000110465926025847/0001104659-26-025847-index.htm",
    "form": "10-K",
    "filed": "2026-03-10"
  }
}
P-13 · FY 2025-12-31 · CLEAN0.0

Zombie / distress

Interest coverage 1.11x — servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-10) ↗
Evidence — inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": 1.109,
    "2024-12-31": 4.222,
    "2023-12-31": 1.208,
    "2022-12-31": 8.581
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 3.842,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 63300000,
    "interest_expense_t": 57100000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/59255/000110465926025847/0001104659-26-025847-index.htm",
    "form": "10-K",
    "filed": "2026-03-10"
  }
}