SPM Corp. (Vietnam) (SPM) Stock Recommendation | Score, Valuation, Technicals & Financial Trend

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

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Comparison

Company

Score

Quality

Valuation

Financial

Technical

SPM Corp. (Vietnam)

Ben Tre Pharmaceutical JSC

F.I.T. Investment JSC

Domesco Medical Import-Export JSC

Binh Dinh Pharmaceutical & Medical Equipment JSC

OPC Pharmaceutical JSC

Mediplantex National Pharmaceutical JSC

Imexpharm Corp.

Ha Tay Pharmaceutical JSC

Cuu Long Pharmaceutical JSC

Mekophar Chemical Pharmaceutical JSC

Why is SPM Corp. (Vietnam) ?

Poor long term growth as Operating profit has grown by an annual rate 2.19% of over the last 5 years

The company declared positive results in Dec'24 after very negative results in Sep'24

NET PROFIT(HY) Higher at VND 13,315.15 MM
RAW MATERIAL COST(Y) Fallen by -4.19% (YoY)
CASH AND EQV(HY) Highest at VND 30,449.99 MM

With ROE of 2.31%, it has a very attractive valuation with a 0.18 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 -7.08%, its profits have risen by 99.3% ; the PEG ratio of the company is 0.1
At the current price, the company has a high dividend yield of 4.8

Consistent Underperformance against the benchmark over the last 3 years

Along with generating -7.08% 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

Real-Time Research Report

Verdict Report

How much should you hold?

Overall Portfolio exposure to SPM Corp. (Vietnam) should be less than 10%
Overall Portfolio exposure to Pharmaceuticals & Biotechnology should be less than 30%

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

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

Is SPM Corp. (Vietnam) for you?

High Risk, Low Return

Absolute

Risk Adjusted

Volatility

SPM Corp. (Vietnam)

-7.08%

-0.21

45.11%

Vietnam VN Ho Chi Minh Index

29.95%

1.61

21.07%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

-10.91%

EBIT Growth (5y)

2.19%

EBIT to Interest (avg)

3.04

Debt to EBITDA (avg)

4.34

Net Debt to Equity (avg)

0.16

Sales to Capital Employed (avg)

0.41

Tax Ratio

11.23%

Dividend Payout Ratio

149.08%

Pledged Shares

Institutional Holding

ROCE (avg)

3.32%

ROE (avg)

2.02%

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

0.18

EV to EBIT

8.28

EV to EBITDA

4.94

EV to Capital Employed

0.27

EV to Sales

0.81

PEG Ratio

0.08

Dividend Yield

4.76%

ROCE (Latest)

3.22%

ROE (Latest)

2.31%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Mildly Bullish

Dow Theory

No Trend

OBV

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

15What is working for the Company

NET PROFIT(HY)

Higher at VND 13,315.15 MM

RAW MATERIAL COST(Y)

Fallen by -4.19% (YoY

CASH AND EQV(HY)

Highest at VND 30,449.99 MM

DEBT-EQUITY RATIO (HY)

Lowest at 15.65 %

NET SALES(Q)

Highest at VND 82,515.37 MM

-7What is not working for the Company

OPERATING CASH FLOW(Y)

Lowest at VND 29,974.3 MM

INVENTORY TURNOVER RATIO(HY)

Lowest at 5.74%

DEBTORS TURNOVER RATIO(HY)

Lowest at 0.37%

NET PROFIT(Q)

At VND 3,148.57 MM has Fallen at -24.42%

Here's what is working for SPM Corp. (Vietnam)

Net Sales

Highest at VND 82,515.37 MM

in the last five periods

MOJO Watch

Near term sales trend is positive

Net Sales (VND MM)

Cash and Eqv

Highest at VND 30,449.99 MM

in the last six Semi-Annual periods

MOJO Watch

Short Term liquidity is improving

Cash and Cash Equivalents

Debt-Equity Ratio

Lowest at 15.65 %

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 -4.19% (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

Highest at VND 4,946.55 MM

in the last five periods

MOJO Watch

The expenditure on assets done by the company may have gone into operation

Depreciation (VND MM)

Here's what is not working for SPM Corp. (Vietnam)

Inventory Turnover Ratio

Lowest at 5.74% and Fallen

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

MOJO Watch

Company's pace of selling inventory has slowed

Inventory Turnover Ratio

Debtors Turnover Ratio

Lowest at 0.37% and Fallen

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

MOJO Watch

Company's pace of selling Debtors has slowed

Debtors Turnover Ratio

Operating Cash Flow

Lowest at VND 29,974.3 MM

in the last three years

MOJO Watch

The company's cash revenues from business operations are falling

Operating Cash Flows (VND MM)

Net Profit

At VND 3,148.57 MM has Fallen at -24.42%

over average net sales of the previous four periods of VND 4,165.64 MM

MOJO Watch

Near term Net Profit trend is negative

Net Profit (VND MM)