ScoreWhy is Ngan Son JSC ?
1
Negative results in Dec 25
- OPERATING CASH FLOW(Y) Lowest at VND -114,587.08 MM
- INTEREST(Q) At VND 2,565 MM has Grown at 27.42%
- INTEREST COVERAGE RATIO(Q) Lowest at 154.55
2
With ROE of 12.00%, it has a expensive valuation with a 0.00 Price to Book Value
- Over the past year, while the stock has generated a return of 15.45%, its profits have risen by 30.5%
3
Underperformed the market in the last 1 year
- The stock has generated a return of 15.45% in the last 1 year, much lower than market (Vietnam VN Ho Chi Minh Index) returns of 43.89%
Real-Time Research ReportHow 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 FMCG)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Ngan Son JSC for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Ngan Son JSC
15.45%
0.73
44.04%
Vietnam VN Ho Chi Minh Index
43.89%
2.03
21.59%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
8.09%
EBIT Growth (5y)
22.18%
EBIT to Interest (avg)
4.45
Debt to EBITDA (avg)
0.52
Net Debt to Equity (avg)
0.13
Sales to Capital Employed (avg)
3.33
Tax Ratio
20.81%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
12.54%
ROE (avg)
4.85%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
Industry P/E
Price to Book Value
NA
EV to EBIT
3.68
EV to EBITDA
2.70
EV to Capital Employed
0.40
EV to Sales
0.13
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
10.94%
ROE (Latest)
12.00%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Mildly Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend7What is working for the Company
ROCE(HY)
Highest at 12.78%
RAW MATERIAL COST(Y)
Fallen by -33.12% (YoY
NET SALES(9M)
Higher at VND 844,672.36 MM
NET PROFIT(9M)
Higher at VND 19,896.3 MM
-20What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at VND -114,587.08 MM
INTEREST(Q)
At VND 2,565 MM has Grown at 27.42%
INTEREST COVERAGE RATIO(Q)
Lowest at 154.55
CASH AND EQV(HY)
Lowest at VND 5,135.72 MM
DEBT-EQUITY RATIO
(HY)
Highest at 101.18 %
DIVIDEND PER SHARE(HY)
Lowest at VND 8.2
OPERATING PROFIT(Q)
Lowest at VND 3,964.09 MM
OPERATING PROFIT MARGIN(Q)
Lowest at 1.74 %
PRE-TAX PROFIT(Q)
Lowest at VND 1,545.16 MM
NET PROFIT(Q)
Lowest at VND 1,156.16 MM
EPS(Q)
Lowest at VND 0
Here's what is working for Ngan Son JSC
Net Sales
Higher at VND 844,672.36 MM
than preceding 12 month period ended Dec 2025MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Sales (VND MM)
Raw Material Cost
Fallen by -33.12% (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 Ngan Son JSC
Operating Cash Flow
Lowest at VND -114,587.08 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (VND MM)
Interest
At VND 2,565 MM has Grown at 27.42%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Interest Coverage Ratio
Lowest at 154.55
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Pre-Tax Profit
At VND 1,545.16 MM has Fallen at -47.76%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (VND MM)
Net Profit
At VND 1,156.16 MM has Fallen at -48.96%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very negative
Net Profit (VND MM)
Operating Profit
Lowest at VND 3,964.09 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (VND MM)
Operating Profit Margin
Lowest at 1.74 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Pre-Tax Profit
Lowest at VND 1,545.16 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (VND MM)
Net Profit
Lowest at VND 1,156.16 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (VND MM)
EPS
Lowest at VND 0
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (VND)
Cash and Eqv
Lowest at VND 5,135.72 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Debt-Equity Ratio
Highest at 101.18 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Dividend per share
Lowest at VND 8.2
in the last five yearsMOJO Watch
Company is distributing lower dividend than previous years
DPS (VND)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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