Why is Saigon General Service Corp. ?
1
High Debt Company with a Debt to Equity ratio (avg) at times
- High Debt Company with a Debt to Equity ratio (avg) at times
2
Healthy long term growth as Net Sales has grown by an annual rate of 13.64%
3
The company has declared Positive results for the last 4 consecutive quarters
- NET PROFIT(HY) Higher at VND 377,761.99 MM
- ROCE(HY) Highest at 27.6%
- RAW MATERIAL COST(Y) Fallen by -1.76% (YoY)
4
With ROE of 15.38%, it has a very attractive valuation with a 1.37 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 -8.55%, its profits have risen by 164.7% ; the PEG ratio of the company is 0.1
- At the current price, the company has a high dividend yield of 0.3
5
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -8.55% returns in the last 1 year, the stock has also underperformed Vietnam VN Ho Chi Minh Index in each of the last 3 annual periods
How much should you hold?
- Overall Portfolio exposure to Saigon General Service Corp. should be less than 10%
- Overall Portfolio exposure to Retailing should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Retailing)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Saigon General Service Corp. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Saigon General Service Corp.
-100.0%
-0.44
57.09%
Vietnam VN Ho Chi Minh Index
38.87%
1.90
22.90%
Quality key factors
Factor
Value
Sales Growth (5y)
12.50%
EBIT Growth (5y)
-5.76%
EBIT to Interest (avg)
1.96
Debt to EBITDA (avg)
4.42
Net Debt to Equity (avg)
2.34
Sales to Capital Employed (avg)
4.52
Tax Ratio
25.79%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
8.00%
ROE (avg)
16.49%
Valuation Key Factors 
Factor
Value
P/E Ratio
4
Industry P/E
Price to Book Value
0.98
EV to EBIT
45.96
EV to EBITDA
15.42
EV to Capital Employed
0.99
EV to Sales
0.18
PEG Ratio
0.03
Dividend Yield
2.92%
ROCE (Latest)
2.16%
ROE (Latest)
27.22%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
No Trend
No Trend
OBV
Mildly Bullish
Mildly Bearish
Technical Movement
14What is working for the Company
ROCE(HY)
Highest at 28.15%
INTEREST COVERAGE RATIO(Q)
The company hardly has any interest cost
NET PROFIT(Q)
At VND 24,239.54 MM has Grown at 121.74%
RAW MATERIAL COST(Y)
Fallen by -11.92% (YoY
CASH AND EQV(HY)
Highest at VND 2,978,658.78 MM
-9What is not working for the Company
INTEREST(HY)
At VND 274,603.62 MM has Grown at 120.78%
PRE-TAX PROFIT(Q)
Lowest at VND 45,872.64 MM
Here's what is working for Saigon General Service Corp.
Net Profit
At VND 24,239.54 MM has Grown at 121.74%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very positive
Net Profit (VND MM)
Cash and Eqv
Highest at VND 2,978,658.78 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Raw Material Cost
Fallen by -11.92% (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
Depreciation
At VND 71,868.6 MM has Grown at 111.5%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (VND MM)
Here's what is not working for Saigon General Service Corp.
Interest
At VND 274,603.62 MM has Grown at 120.78%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Pre-Tax Profit
Lowest at VND 45,872.64 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (VND MM)






