Song Ba JSC (SBA) 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

Sesan 4A HydroElectric JSC

PetroVietnam Power Nhon Trach 2 JSC

Vietnam Power Development JSC

Song Ba JSC

Thac Ba Hydropower JSC

Southern Hydropower JSC

Thac Mo Hydro Power JSC

Central Hydropower JSC

Pha Lai Thermal Power JSC

Gia Lai Electricity JSC

Vinacomin - Power Holding Corp.

Why is Song Ba JSC ?

High Management Efficiency with a high ROCE of 16.71%

Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 9.44

With a growth in Operating Profit of 52.21%, the company declared Outstanding results in Dec 25

DEBT-EQUITY RATIO (HY) Lowest at -2.82 %
INTEREST COVERAGE RATIO(Q) The company hardly has any interest cost
RAW MATERIAL COST(Y) Fallen by -4.08% (YoY)

With ROE of 13.77%, it has a expensive valuation with a 1.85 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 -5.94%, its profits have fallen by -13.6%
At the current price, the company has a high dividend yield of 5.2

Real-Time Research Report

Verdict Report

How much should you hold?

Overall Portfolio exposure to Song Ba JSC should be less than 10%
Overall Portfolio exposure to Power should be less than 30%

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

When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock

Is Song Ba JSC for you?

Low Risk, Low Return

Absolute

Risk Adjusted

Volatility

Song Ba JSC

-13.03%

-0.90

14.08%

Vietnam VN Ho Chi Minh Index

16.45%

1.90

22.90%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

2.73%

EBIT Growth (5y)

4.15%

EBIT to Interest (avg)

16.26

Debt to EBITDA (avg)

0.59

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

0.31

Tax Ratio

19.71%

Dividend Payout Ratio

64.20%

Pledged Shares

Institutional Holding

ROCE (avg)

18.50%

ROE (avg)

16.26%

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

1.47

EV to EBIT

7.18

EV to EBITDA

5.70

EV to Capital Employed

1.50

EV to Sales

3.90

PEG Ratio

0.27

Dividend Yield

6.84%

ROCE (Latest)

20.95%

ROE (Latest)

15.37%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Bearish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Dow Theory

No Trend

OBV

No Trend

Mildly Bearish

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

18What is working for the Company

NET SALES(HY)

At VND 226,866.44 MM has Grown at 24.53%

ROCE(HY)

Highest at 15.92%

DEBTORS TURNOVER RATIO(HY)

Highest at 6.07 times

INTEREST COVERAGE RATIO(Q)

Highest at 7,198.25

RAW MATERIAL COST(Y)

Fallen by -0.95% (YoY

NET PROFIT(9M)

Higher at VND 142,171.77 MM

CASH AND EQV(HY)

Highest at VND 192,569.27 MM

DEBT-EQUITY RATIO (HY)

Lowest at -7.5 %

INVENTORY TURNOVER RATIO(HY)

Highest at 100.4 times

-3What is not working for the Company

OPERATING CASH FLOW(Y)

Lowest at VND 174,029.62 MM

Here's what is working for Song Ba JSC

Interest Coverage Ratio

Highest at 7,198.25

in the last five periods

MOJO Watch

The company's ability to manage interest payments is improving

Operating Profit to Interest

Net Sales

At VND 226,866.44 MM has Grown at 24.53%

Year on Year (YoY)

MOJO Watch

Near term sales trend is positive

Net Sales (VND MM)

Debtors Turnover Ratio

Highest at 6.07 times and Grown

In each half year in the last five Semi-Annual periods

MOJO Watch

Company has been able to sell its Debtors faster

Debtors Turnover Ratio

Net Profit

At VND 142,171.77 MM has Grown at 34.97%

Year on Year (YoY)

MOJO Watch

Near term Net Profit trend is positive

Net Profit (VND MM)

Cash and Eqv

Highest at VND 192,569.27 MM

in the last six Semi-Annual periods

MOJO Watch

Short Term liquidity is improving

Cash and Cash Equivalents

Debt-Equity Ratio

Lowest at -7.5 %

in the last five Semi-Annual periods

MOJO Watch

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

Debt-Equity Ratio

Inventory Turnover Ratio

Highest at 100.4 times

in the last five Semi-Annual periods

MOJO Watch

Company has been able to sell its inventory faster

Inventory Turnover Ratio

Net Profit

Higher at VND 142,171.77 MM

than preceding 12 month period ended Mar 2026

MOJO Watch

In the nine month period the company has already crossed sales of the previous twelve months

Net Profit (VND MM)

Raw Material Cost

Fallen by -0.95% (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 Song Ba JSC

Operating Cash Flow

Lowest at VND 174,029.62 MM and Fallen

In each year in the last three years

MOJO Watch

The company's cash revenues from business operations are falling

Operating Cash Flows (VND MM)