Dashboard
1
Poor long term growth as Operating profit has grown by an annual rate 35.31% of over the last 5 years
2
With a growth in Net Sales of 8.92%, the company declared Very Positive results in Jun 25
3
With ROE of 25.16%, it has a very expensive valuation with a 3.08 Price to Book Value
4
Consistent Underperformance against the benchmark over the last 3 years
Stock DNA
Furniture, Home Furnishing
VND 732,145 Million (Small Cap)
12.00
NA
0.00%
0.29
28.41%
3.20
Revenue and Profits:
Net Sales:
115,763 Million
(Quarterly Results - Jun 2025)
Net Profit:
19,070 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-10.89%
0%
-10.89%
6 Months
-9.17%
0%
-9.17%
1 Year
-3.83%
0%
-3.83%
2 Years
0.4%
0%
0.4%
3 Years
-13.35%
0%
-13.35%
4 Years
-34.52%
0%
-34.52%
5 Years
26.98%
0%
26.98%
Ninh Van Bay Real Estate JSC for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
16.11%
EBIT Growth (5y)
35.31%
EBIT to Interest (avg)
2.59
Debt to EBITDA (avg)
1.41
Net Debt to Equity (avg)
0.62
Sales to Capital Employed (avg)
0.85
Tax Ratio
42.91%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
11.98%
ROE (avg)
8.50%
Valuation key factors
Factor
Value
P/E Ratio
12
Industry P/E
Price to Book Value
3.08
EV to EBIT
7.68
EV to EBITDA
4.94
EV to Capital Employed
2.62
EV to Sales
1.71
PEG Ratio
0.09
Dividend Yield
NA
ROCE (Latest)
34.06%
ROE (Latest)
25.16%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
No Trend
Mildly Bullish
OBV
Mildly Bearish
Mildly Bullish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ
Jun'25
Mar'25
Change(%)
Net Sales
115,762.70
120,435.70
-3.88%
Operating Profit (PBDIT) excl Other Income
41,694.40
47,455.30
-12.14%
Interest
5,162.30
5,589.10
-7.64%
Exceptional Items
0.00
0.00
Consolidate Net Profit
19,070.30
22,547.60
-15.42%
Operating Profit Margin (Excl OI)
245.10%
284.60%
-3.95%
USD in Million.
Net Sales
QoQ Growth in quarter ended Jun 2025 is -3.88% vs 35.86% in Mar 2025
Consolidated Net Profit
QoQ Growth in quarter ended Jun 2025 is -15.42% vs 1,045.79% in Mar 2025
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
410,702.50
377,060.30
8.92%
Operating Profit (PBDIT) excl Other Income
134,317.30
110,089.10
22.01%
Interest
23,674.60
31,958.60
-25.92%
Exceptional Items
0.00
18,360.00
-100.00%
Consolidate Net Profit
22,912.30
35,833.20
-36.06%
Operating Profit Margin (Excl OI)
198.50%
165.60%
3.29%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 8.92% vs 11.79% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is -36.06% vs 119.56% in Dec 2023
About Ninh Van Bay Real Estate JSC 
Ninh Van Bay Real Estate JSC
Furniture, Home Furnishing
Ninh Van Bay Travel Real Estate Joint Stock Company is a Vietnam-based company engaged in the development and operations of resorts. The Company also operates restaurants and provides real estate management services. It trades construction materials, metals and supplies, sanitary wares and interior decorations, as well as constructs infrastructures. Through its subsidiaries, it is involved in the provision of tourism services. The Company has two subsidiaries, namely Hai Dung Company Limited and Hong Hai Tourism Joint Stock Company.
Company Coordinates 
Company Details
Level 3, Hoang Gia Building, 180 Trieu Viet Vuong Street, Bui Thi Xuan Ward, Hai Ba Trung District, HANOI None : None
Registrar Details






