Why is Thanh Nam Group JSC ?
1
Negative results in Mar 25
- NET SALES(Q) At VND 208,941.41 MM has Fallen at -15.82%
- PRE-TAX PROFIT(Q) At VND -5,349.63 MM has Fallen at -33.81%
- RAW MATERIAL COST(Y) Grown by 89.99% (YoY)
2
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of 140.09%, its profits have fallen by -181.2%
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Industrial Manufacturing)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Thanh Nam Group JSC for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Thanh Nam Group JSC
140.09%
1.77
49.44%
Vietnam VN Ho Chi Minh Index
29.95%
1.61
21.07%
Quality key factors
Factor
Value
Sales Growth (5y)
-5.92%
EBIT Growth (5y)
-165.12%
EBIT to Interest (avg)
0.98
Debt to EBITDA (avg)
8.30
Net Debt to Equity (avg)
0.25
Sales to Capital Employed (avg)
1.21
Tax Ratio
1.40%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
3.61%
ROE (avg)
0.09%
Valuation Key Factors 
Factor
Value
P/E Ratio
Industry P/E
Price to Book Value
NA
EV to EBIT
21.14
EV to EBITDA
8.65
EV to Capital Employed
0.24
EV to Sales
0.14
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
1.14%
ROE (Latest)
-3.47%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
Mildly Bullish
OBV
Mildly Bearish
No Trend
Technical Movement
12What is working for the Company
OPERATING CASH FLOW(Y)
Highest at VND 173,054.91 MM
NET SALES(HY)
At VND 591,117.86 MM has Grown at 77.97%
DEBT-EQUITY RATIO
(HY)
Lowest at 25.15 %
DEBTORS TURNOVER RATIO(HY)
Highest at 5.67%
-17What is not working for the Company
NET SALES(Q)
At VND 208,941.41 MM has Fallen at -15.82%
PRE-TAX PROFIT(Q)
At VND -5,349.63 MM has Fallen at -33.81%
RAW MATERIAL COST(Y)
Grown by 89.99% (YoY
NET PROFIT(Q)
At VND -5,321.9 MM has Fallen at -32.01%
Here's what is working for Thanh Nam Group JSC
Operating Cash Flow
Highest at VND 173,054.91 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (VND MM)
Debt-Equity Ratio
Lowest at 25.15 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Debtors Turnover Ratio
Highest at 5.67%
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Depreciation
At VND 2,144.34 MM has Grown at inf%
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 Thanh Nam Group JSC
Net Sales
At VND 208,941.41 MM has Fallen at -15.82%
over average net sales of the previous four periods of VND 248,193.29 MMMOJO Watch
Near term sales trend is extremely negative
Net Sales (VND MM)
Pre-Tax Profit
At VND -5,349.63 MM has Fallen at -33.81%
over average net sales of the previous four periods of VND -3,997.8 MMMOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (VND MM)
Net Profit
At VND -5,321.9 MM has Fallen at -32.01%
over average net sales of the previous four periods of VND -4,031.57 MMMOJO Watch
Near term Net Profit trend is negative
Net Profit (VND MM)
Raw Material Cost
Grown by 89.99% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






