The Southern Rubber Industry JSC (CSM) 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

Phuoc Hoa Rubber JSC

Tay Ninh Rubber JSC

The Southern Rubber Industry JSC

Thong Nhat Rubber Co.

Saovang Rubber JSC

Vietnam Rubber Group - JSC

Danang Rubber JSC

Hoa Binh Rubber JSC

Why is The Southern Rubber Industry JSC ?

High Debt Company with a Debt to Equity ratio (avg) at times

Poor long term growth as Net Sales has grown by an annual rate of -1.51% and Operating profit at -16.24% over the last 5 years
High Debt Company with a Debt to Equity ratio (avg) at times
The company has been able to generate a Return on Equity (avg) of 5.30% signifying low profitability per unit of shareholders funds

Poor long term growth as Net Sales has grown by an annual rate of -1.51% and Operating profit at -16.24% over the last 5 years

Flat results in Sep 25

INTEREST(Q) At VND 22,284.86 MM has Grown at 79.89%
DEBTORS TURNOVER RATIO(HY) Lowest at 3.56 times
NET SALES(Q) At VND 1,027,735.84 MM has Fallen at -7.14%

With ROE of 5.62%, it has a expensive valuation with a 1.08 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 -20.00%, its profits have fallen by -8.1%
At the current price, the company has a high dividend yield of 2.1

Below par performance in long term as well as near term

Along with generating -20.00% returns in the last 1 year, the stock has also underperformed Vietnam VN Ho Chi Minh Index in the last 3 years, 1 year and 3 months

Real-Time Research Report

Verdict Report

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 Auto Components & Equipments)

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is The Southern Rubber Industry JSC for you?

Medium Risk, Low Return

Absolute

Risk Adjusted

Volatility

The Southern Rubber Industry JSC

-20.0%

-0.63

38.58%

Vietnam VN Ho Chi Minh Index

43.59%

1.93

22.62%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

-1.51%

EBIT Growth (5y)

-16.24%

EBIT to Interest (avg)

1.41

Debt to EBITDA (avg)

4.72

Net Debt to Equity (avg)

0.77

Sales to Capital Employed (avg)

1.57

Tax Ratio

8.32%

Dividend Payout Ratio

69.35%

Pledged Shares

Institutional Holding

ROCE (avg)

5.94%

ROE (avg)

5.30%

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

1.08

EV to EBIT

21.80

EV to EBITDA

8.67

EV to Capital Employed

1.05

EV to Sales

0.56

PEG Ratio

Dividend Yield

2.11%

ROCE (Latest)

4.80%

ROE (Latest)

5.62%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Bearish

RSI

No Signal

Bollinger Bands

Mildly Bearish

Bearish

Moving Averages

Bearish (Daily)

KST

Mildly Bullish

Dow Theory

Mildly Bearish

No Trend

OBV

No Trend

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

6What is working for the Company

RAW MATERIAL COST(Y)

Fallen by 0.09% (YoY

CASH AND EQV(HY)

Highest at VND 894,864.59 MM

PRE-TAX PROFIT(Q)

Highest at VND 30,035.49 MM

NET PROFIT(Q)

Highest at VND 26,602.5 MM

EPS(Q)

Highest at VND 256.72

-4What is not working for the Company

INTEREST(Q)

At VND 22,284.86 MM has Grown at 79.89%

DEBTORS TURNOVER RATIO(HY)

Lowest at 3.56 times

NET SALES(Q)

At VND 1,027,735.84 MM has Fallen at -7.14%

Here's what is working for The Southern Rubber Industry JSC

Pre-Tax Profit

Highest at VND 30,035.49 MM

in the last five periods

MOJO Watch

Near term Pre-Tax Profit trend is positive

Pre-Tax Profit (VND MM)

Pre-Tax Profit

At VND 30,035.49 MM has Grown at 46.92%

over average net sales of the previous four periods of VND 20,443.06 MM

MOJO Watch

Near term Pre-Tax Profit trend is positive

Pre-Tax Profit (VND MM)

Net Profit

Highest at VND 26,602.5 MM

in the last five periods

MOJO Watch

Near term Net Profit trend is positive

Net Profit (VND MM)

EPS

Highest at VND 256.72

in the last five periods

MOJO Watch

Increasing profitability; company has created higher earnings for shareholders

EPS (VND)

Cash and Eqv

Highest at VND 894,864.59 MM

in the last six Semi-Annual periods

MOJO Watch

Short Term liquidity is improving

Cash and Cash Equivalents

Raw Material Cost

Fallen by 0.09% (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 The Southern Rubber Industry JSC

Interest

At VND 22,284.86 MM has Grown at 79.89%

period on period (QoQ)

MOJO Watch

Rising interest cost signifies increased borrowings

Interest Paid (VND MM)

Net Sales

At VND 1,027,735.84 MM has Fallen at -7.14%

over average net sales of the previous four periods of VND 1,106,796.43 MM

MOJO Watch

Near term sales trend is negative

Net Sales (VND MM)

Debtors Turnover Ratio

Lowest at 3.56 times

in the last five Semi-Annual periods

MOJO Watch

Company's pace of selling Debtors has slowed

Debtors Turnover Ratio