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 -0.97%, 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 -0.97% 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%
-0.40
57.48%
Vietnam VN Ho Chi Minh Index
43.59%
1.93
22.62%
Quality key factors
Factor
Value
Sales Growth (5y)
13.64%
EBIT Growth (5y)
12.99%
EBIT to Interest (avg)
1.96
Debt to EBITDA (avg)
4.42
Net Debt to Equity (avg)
2.34
Sales to Capital Employed (avg)
4.59
Tax Ratio
25.79%
Dividend Payout Ratio
33.45%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
8.00%
ROE (avg)
16.49%
Valuation Key Factors 
Factor
Value
P/E Ratio
9
Industry P/E
Price to Book Value
1.37
EV to EBIT
23.43
EV to EBITDA
13.62
EV to Capital Employed
1.10
EV to Sales
0.22
PEG Ratio
0.05
Dividend Yield
0.31%
ROCE (Latest)
4.71%
ROE (Latest)
15.38%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
No Trend
Technical Movement
17What is working for the Company
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
INVENTORY TURNOVER RATIO(HY)
Highest at 15.81 times
-15What is not working for the Company
INTEREST(HY)
At VND 424,357.25 MM has Grown at 248.54%
OPERATING CASH FLOW(Y)
Lowest at VND -624,981.8 MM
PRE-TAX PROFIT(Q)
At VND 58,142.97 MM has Fallen at -37.28%
DEBTORS TURNOVER RATIO(HY)
Lowest at 12.22 times
NET PROFIT(Q)
Fallen at -37.8%
Here's what is working for Saigon General Service Corp.
Inventory Turnover Ratio
Highest at 15.81 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Raw Material Cost
Fallen by -1.76% (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 Saigon General Service Corp.
Interest
At VND 424,357.25 MM has Grown at 248.54%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Operating Cash Flow
Lowest at VND -624,981.8 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)
Pre-Tax Profit
At VND 58,142.97 MM has Fallen at -37.28%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (VND MM)
Net Profit
Fallen at -37.8%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is negative
Net Profit (VND MM)
Debtors Turnover Ratio
Lowest at 12.22 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Non Operating Income
Highest at VND 3.77 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income






