Mirae JSC (KMR) 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

Damsan JSC

Siam Brothers Vietnam JSC

Mirae JSC

Thanh Cong Textile Garment Investment Trading JSC

Viet Phat Import Export Trading Investment JSC

Century Synthetic Fiber Corp.

Vietnam National Textile & Garment Group

Duc Quan Investment & Development JSC

Why is Mirae JSC ?

Low ability to service debt as the company has a high Debt to EBITDA ratio of 2.26 times

Poor long term growth as Operating profit has grown by an annual rate 24.33% of over the last 5 years
Low ability to service debt as the company has a high Debt to EBITDA ratio of 2.26 times
The company has been able to generate a Return on Equity (avg) of 1.64% signifying low profitability per unit of shareholders funds

Poor long term growth as Operating profit has grown by an annual rate 24.33% of over the last 5 years

NET PROFIT(9M) At VND 5,136.61 MM has Grown at -28.36%
NET SALES(Q) At VND 62,681.14 MM has Fallen at -35.78%
INTEREST COVERAGE RATIO(Q) Lowest at 426.64

Below par performance in long term as well as near term

Along with generating -16.76% returns in the last 1 year, the stock has also underperformed Vietnam VN Ho Chi Minh Index in the last 3 years, 1 year and 3 months

Real-Time Research Report

Verdict Report

How much should you sell?

All quantity irrespective of whether you are making profits or losses

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

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is Mirae JSC for you?

Low Risk, Low Return

Absolute

Risk Adjusted

Volatility

Mirae JSC

-16.76%

-1.16

16.86%

Vietnam VN Ho Chi Minh Index

43.59%

1.93

22.62%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

-3.75%

EBIT Growth (5y)

24.33%

EBIT to Interest (avg)

1.61

Debt to EBITDA (avg)

2.26

Net Debt to Equity (avg)

0.22

Sales to Capital Employed (avg)

0.58

Tax Ratio

21.20%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

ROCE (avg)

2.68%

ROE (avg)

1.64%

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

0.27

EV to EBIT

16.86

EV to EBITDA

5.99

EV to Capital Employed

0.38

EV to Sales

0.73

PEG Ratio

Dividend Yield

ROCE (Latest)

2.25%

ROE (Latest)

0.76%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Bearish

Mildly Bullish

RSI

No Signal

Bollinger Bands

Mildly Bearish

Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Mildly Bullish

Dow Theory

No Trend

Mildly Bearish

OBV

No Trend

Mildly 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

8What is working for the Company

OPERATING CASH FLOW(Y)

Highest at VND 81,990.86 MM

RAW MATERIAL COST(Y)

Fallen by -65.15% (YoY

DEBT-EQUITY RATIO (HY)

Lowest at 17.25 %

PRE-TAX PROFIT(Q)

Highest at VND 7,089.18 MM

NET PROFIT(Q)

Highest at VND 5,165.11 MM

-22What is not working for the Company

NET PROFIT(9M)

At VND 5,136.61 MM has Grown at -28.36%

NET SALES(Q)

At VND 62,681.14 MM has Fallen at -35.78%

INTEREST COVERAGE RATIO(Q)

Lowest at 426.64

OPERATING PROFIT(Q)

Lowest at VND 8,610.74 MM

CASH AND EQV(HY)

Lowest at VND 18,416.01 MM

INVENTORY TURNOVER RATIO(HY)

Lowest at 0.66 times

Here's what is working for Mirae JSC

Operating Cash Flow

Highest at VND 81,990.86 MM and Grown

In each year in the last three years

MOJO Watch

The company has generated higher cash revenues from business operations

Operating Cash Flows (VND MM)

Pre-Tax Profit

Highest at VND 7,089.18 MM

in the last five periods

MOJO Watch

Near term Pre-Tax Profit trend is positive

Pre-Tax Profit (VND MM)

Pre-Tax Profit

At VND 7,089.18 MM has Grown at 53.18%

Year on Year (YoY)

MOJO Watch

Near term Pre-Tax Profit trend is positive

Pre-Tax Profit (VND MM)

Net Profit

Highest at VND 5,165.11 MM

in the last five periods

MOJO Watch

Near term Net Profit trend is positive

Net Profit (VND MM)

Debt-Equity Ratio

Lowest at 17.25 %

in the last five Semi-Annual periods

MOJO Watch

The company has been reducing its borrowing as compared to equity capital

Debt-Equity Ratio

Raw Material Cost

Fallen by -65.15% (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 Mirae JSC

Net Sales

At VND 62,681.14 MM has Fallen at -35.78%

Year on Year (YoY)

MOJO Watch

Near term sales trend is extremely negative

Net Sales (VND MM)

Interest Coverage Ratio

Lowest at 426.64

in the last five periods

MOJO Watch

The company's ability to manage interest payments is deteriorating

Operating Profit to Interest

Operating Profit

Lowest at VND 8,610.74 MM and Fallen

In each period in the last five periods

MOJO Watch

Near term Operating Profit trend is quite negative

Operating Profit (VND MM)

Cash and Eqv

Lowest at VND 18,416.01 MM

in the last six Semi-Annual periods

MOJO Watch

Short Term liquidity is deteriorating

Cash and Cash Equivalents

Inventory Turnover Ratio

Lowest at 0.66 times

in the last five Semi-Annual periods

MOJO Watch

Company's pace of selling inventory has slowed

Inventory Turnover Ratio