First Real Estate JSC Faces Valuation Shift Amid Mixed Financial Performance

First Real Estate JSC, a microcap player in the realty sector, has recently undergone an adjustment in its evaluation. The company's valuation grade has shifted from attractive to fair, reflecting changes in key financial metrics. The P/E ratio stands at 17, while the price to book value is noted at 0.49. Additionally, the EV to EBIT ratio is recorded at 8.81, and the EV to EBITDA ratio is at 6.53. Despite a significant increase in net profit of 1924.08% reported in September 2025, the company has faced challenges, including a decline in operating profits over the past five years, with a CAGR of -0.61%. The latest figures show a return on equity (ROE) of 2.87% and a return on capital employed (ROCE) of 6.29%. Over the past year, First Real Estate JSC has generated a return of -16.39%, indicating consistent underperformance against the Vietnam VN Ho Chi Minh Index. This context has contributed to the recent revision in its score, highlighting the complexities of its financial landscape. Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.