ScoreComparison
Company
Score
Quality
Valuation
Financial
Technical
Why is SPM Corp. (Vietnam) ?
1
Poor long term growth as Operating profit has grown by an annual rate 6.23% of over the last 5 years
2
The company declared positive results in Dec'24 after very negative results in Sep'24
- NET PROFIT(HY) At VND 9,187.99 MM has Grown at 75.54%
- ROCE(HY) Highest at 2.79%
- INTEREST COVERAGE RATIO(Q) Highest at 996.65
3
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 -17.30%, 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
4
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -17.30% 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 ReportHow 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)
-17.3%
-0.35
43.90%
Vietnam VN Ho Chi Minh Index
43.59%
1.93
22.62%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
-12.78%
EBIT Growth (5y)
6.23%
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
0
Institutional Holding
0
ROCE (avg)
3.32%
ROE (avg)
2.02%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
8
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%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend12What is working for the Company
NET PROFIT(HY)
At VND 9,187.99 MM has Grown at 75.54%
ROCE(HY)
Highest at 2.79%
INTEREST COVERAGE RATIO(Q)
Highest at 996.65
RAW MATERIAL COST(Y)
Fallen by -125.73% (YoY
DEBT-EQUITY RATIO
(HY)
Lowest at 12.3 %
OPERATING PROFIT MARGIN(Q)
Highest at 25.22 %
-10What is not working for the Company
INVENTORY TURNOVER RATIO(HY)
Lowest at 4.64 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 0.35 times
NET SALES(Q)
Lowest at VND 57,671.01 MM
Here's what is working for SPM Corp. (Vietnam)
Interest Coverage Ratio
Highest at 996.65
in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Net Profit
At VND 9,187.99 MM has Grown at 75.54%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is positive
Net Profit (VND MM)
Operating Profit Margin
Highest at 25.22 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Debt-Equity Ratio
Lowest at 12.3 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Raw Material Cost
Fallen by -125.73% (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 6,688.1 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (VND MM)
Depreciation
At VND 6,688.1 MM has Grown at 36.48%
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 SPM Corp. (Vietnam)
Net Sales
At VND 57,671.01 MM has Fallen at -21.8%
over average net sales of the previous four periods of VND 73,750.79 MMMOJO Watch
Near term sales trend is extremely negative
Net Sales (VND MM)
Inventory Turnover Ratio
Lowest at 4.64 times and Fallen
In each half year in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Debtors Turnover Ratio
Lowest at 0.35 times and Fallen
In each half year in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Net Sales
Lowest at VND 57,671.01 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (VND MM)
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