Why is Lix Detergent JSC ?
1
High Management Efficiency with a high ROE of 24.81%
2
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 57.28
3
Poor long term growth as Net Sales has grown by an annual rate of -0.21% and Operating profit at -2.78% over the last 5 years
4
The company declared negative results in Mar'25 after positive results in Dec'24
- OPERATING PROFIT MARGIN(Q) Lowest at 9.2 %
5
With ROE of 22.13%, it has a expensive valuation with a 2.36 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 10.83%, its profits have risen by 9.9%
- At the current price, the company has a high dividend yield of 2.5
6
Underperformed the market in the last 1 year
- The stock has generated a return of 10.83% in the last 1 year, much lower than market (Vietnam VN Ho Chi Minh Index) returns of 33.89%
How much should you hold?
- Overall Portfolio exposure to Lix Detergent JSC should be less than 10%
- Overall Portfolio exposure to FMCG should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Lix Detergent JSC for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Lix Detergent JSC
11.36%
-0.22
28.22%
Vietnam VN Ho Chi Minh Index
29.95%
1.61
21.07%
Quality key factors
Factor
Value
Sales Growth (5y)
-0.21%
EBIT Growth (5y)
-2.78%
EBIT to Interest (avg)
57.28
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.25
Sales to Capital Employed (avg)
3.10
Tax Ratio
21.48%
Dividend Payout Ratio
60.86%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
36.94%
ROE (avg)
24.81%
Valuation Key Factors 
Factor
Value
P/E Ratio
11
Industry P/E
Price to Book Value
2.36
EV to EBIT
7.91
EV to EBITDA
6.34
EV to Capital Employed
3.15
EV to Sales
0.67
PEG Ratio
NA
Dividend Yield
2.50%
ROCE (Latest)
39.76%
ROE (Latest)
22.13%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Mildly Bearish
Dow Theory
Mildly Bullish
No Trend
OBV
Mildly Bullish
Mildly Bearish
Technical Movement
6What is working for the Company
ROCE(HY)
Highest at 23.07%
DEBT-EQUITY RATIO
(HY)
Lowest at -36.46 %
RAW MATERIAL COST(Y)
Fallen by -5.12% (YoY
CASH AND EQV(HY)
Highest at VND 693,118.49 MM
-1What is not working for the Company
OPERATING PROFIT MARGIN(Q)
Lowest at 9.2 %
Here's what is working for Lix Detergent JSC
Debt-Equity Ratio
Lowest at -36.46 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Cash and Eqv
Highest at VND 693,118.49 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Raw Material Cost
Fallen by -5.12% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Lix Detergent JSC
Operating Profit Margin
Lowest at 9.2 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Non Operating Income
Highest at VND 0.24 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income






