Idico Corp. JSC (IDC) Stock Recommendation | Score, Valuation, Technicals & Financial Trend

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Comparison

Company

Score

Quality

Valuation

Financial

Technical

PetroVietnam Power Nhon Trach 2 JSC

Petrovietnam Power Corp.

Idico Corp. JSC

Vietnam Power Development JSC

Southern Hydropower JSC

Vinh Son Song Hinh Hydropower JSC

Central Hydropower JSC

Thac Mo Hydro Power JSC

Gia Lai Electricity JSC

Vinacomin - Power Holding Corp.

Pha Lai Thermal Power JSC

Why is Idico Corp. JSC ?

Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 31.12%

Healthy long term growth as Net Sales has grown by an annual rate of 13.48% and Operating profit at 31.78%

Negative results in Mar 26

ROCE(HY) Lowest at 30.5%
INTEREST COVERAGE RATIO(Q) Lowest at 751.51
RAW MATERIAL COST(Y) Grown by 15.84% (YoY)

With ROE of 36.44%, it has a fair valuation with a 2.54 Price to Book Value

The stock is trading at a fair value compared to its peers' average historical valuations
Over the past year, while the stock has generated a return of 16.07%, its profits have fallen by -1.6%
At the current price, the company has a high dividend yield of 5.8

Underperformed the market in the last 1 year

The stock has generated a return of 16.07% in the last 1 year, much lower than market (Vietnam VN Ho Chi Minh Index) returns of 38.87%

Real-Time Research Report

Verdict Report

How much should you hold?

Overall Portfolio exposure to Idico Corp. JSC should be less than 10%
Overall Portfolio exposure to Power should be less than 30%

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Power)

When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock

Is Idico Corp. JSC for you?

High Risk, Low Return

Absolute

Risk Adjusted

Volatility

Idico Corp. JSC

16.07%

-0.73

41.75%

Vietnam VN Ho Chi Minh Index

38.87%

1.81

21.48%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

13.48%

EBIT Growth (5y)

31.78%

EBIT to Interest (avg)

12.23

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

1.49

Tax Ratio

19.94%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

ROCE (avg)

119.81%

ROE (avg)

31.12%

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.54

EV to EBIT

3.41

EV to EBITDA

2.67

EV to Capital Employed

-10.07

EV to Sales

1.06

PEG Ratio

Dividend Yield

5.83%

ROCE (Latest)

Negative Capital Employed

ROE (Latest)

36.44%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Mildly Bearish

Bullish

RSI

No Signal

Bollinger Bands

Bearish

Sideways

Moving Averages

Mildly Bullish (Daily)

KST

Mildly Bearish

Mildly Bullish

Dow Theory

Mildly Bearish

Mildly Bullish

OBV

No Trend

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

3What is working for the Company

NET PROFIT(9M)

Higher at VND 1,561,535.37 MM

CASH AND EQV(HY)

Highest at VND 15,002,457.56 MM

DEBTORS TURNOVER RATIO(HY)

Highest at 6.36 times

-17What is not working for the Company

ROCE(HY)

Lowest at 30.5%

INTEREST COVERAGE RATIO(Q)

Lowest at 751.51

RAW MATERIAL COST(Y)

Grown by 15.84% (YoY

NET SALES(Q)

Lowest at VND 1,485,524.64 MM

INTEREST(Q)

Highest at VND 58,986.07 MM

PRE-TAX PROFIT(Q)

Lowest at VND 420,297.13 MM

NET PROFIT(Q)

Lowest at VND 270,595.92 MM

EPS(Q)

Lowest at VND 713.03

Here's what is working for Idico Corp. JSC

Cash and Eqv

Highest at VND 15,002,457.56 MM

in the last six Semi-Annual periods

MOJO Watch

Short Term liquidity is improving

Cash and Cash Equivalents

Debtors Turnover Ratio

Highest at 6.36 times

in the last five Semi-Annual periods

MOJO Watch

Company has been able to sell its Debtors faster

Debtors Turnover Ratio

Here's what is not working for Idico Corp. JSC

Interest

At VND 58,986.07 MM has Grown at 30.36%

period on period (QoQ)

MOJO Watch

Rising interest cost signifies increased borrowings

Interest Paid (VND MM)

Interest Coverage Ratio

Lowest at 751.51

in the last five periods

MOJO Watch

The company's ability to manage interest payments is deteriorating

Operating Profit to Interest

Net Sales

Lowest at VND 1,485,524.64 MM

in the last five periods

MOJO Watch

Near term sales trend is negative

Net Sales (VND MM)

Net Sales

Fallen at -17.17%

Year on Year (YoY)

MOJO Watch

Near term sales trend is negative

Net Sales (VND MM)

Interest

Highest at VND 58,986.07 MM

in the last five periods and Increased by 30.36% (QoQ)

MOJO Watch

Rising interest cost signifies increased borrowings

Interest Paid (VND MM)

Pre-Tax Profit

Lowest at VND 420,297.13 MM

in the last five periods

MOJO Watch

Near term Pre-Tax Profit trend is negative

Pre-Tax Profit (VND MM)

Net Profit

Lowest at VND 270,595.92 MM

in the last five periods

MOJO Watch

Near term Net Profit trend is negative

Net Profit (VND MM)

EPS

Lowest at VND 713.03

in the last five periods

MOJO Watch

Declining profitability; company has created lower earnings for shareholders

EPS (VND)

Raw Material Cost

Grown by 15.84% (YoY)

MOJO Watch

The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin

Raw Material Cost as a percentage of Sales

Non Operating Income

Highest at VND 0.39 MM

in the last five periods

MOJO Watch

Increased income from non business activities may not be sustainable

Non Operating income