Thien Viet Securities JSC (TVS) 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

VIX Securities JSC

VietinBank Securities JSC

Saigon Hanoi Securities JSC

MB Securities JSC

Vietcap Securities JSC

BIDV Securities JSC

Ho Chi Minh City Securities Corp.

AgriBank Securities Corp.

Bamboo Capital JSC

Thien Viet Securities JSC

FPT Securities JSC

Why is Thien Viet Securities JSC ?

Weak Long Term Fundamental Strength with a 24.59% CAGR growth in Operating Profits

Healthy long term growth as Net Sales has grown by an annual rate of 25.70%

NET SALES(Q) At VND 133,961.02 MM has Fallen at -39.84%
OPERATING CASH FLOW(Y) Lowest at VND 360,348.65 MM
INTEREST COVERAGE RATIO(Q) Lowest at 220.49

With ROE of 11.66%, it has a fair valuation with a 1.46 Price to Book Value

The stock is trading at a discount compared to its peers' average historical valuations
Over the past year, while the stock has generated a return of -16.04%, its profits have risen by 12% ; the PEG ratio of the company is 9.1

Below par performance in long term as well as near term

Along with generating -16.04% 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 hold?

Overall Portfolio exposure to Thien Viet Securities JSC should be less than 10%
Overall Portfolio exposure to Capital Markets should be less than 30%

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

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

Is Thien Viet Securities JSC for you?

Medium Risk, Low Return

Absolute

Risk Adjusted

Volatility

Thien Viet Securities JSC

-15.83%

-1.24

31.57%

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)

25.70%

EBIT Growth (5y)

24.59%

EBIT to Interest (avg)

3.59

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

Tax Ratio

18.08%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

ROCE (avg)

ROE (avg)

14.82%

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

1.46

EV to EBIT

-2.86

EV to EBITDA

-2.83

EV to Capital Employed

0.65

EV to Sales

-2.38

PEG Ratio

9.08

Dividend Yield

ROCE (Latest)

-22.89%

ROE (Latest)

11.66%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Bearish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Dow Theory

Mildly Bearish

OBV

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

1What is working for the Company

RAW MATERIAL COST(Y)

Fallen by 1.23% (YoY

-22What is not working for the Company

NET SALES(Q)

At VND 133,961.02 MM has Fallen at -39.84%

OPERATING CASH FLOW(Y)

Lowest at VND 360,348.65 MM

INTEREST COVERAGE RATIO(Q)

Lowest at 220.49

PRE-TAX PROFIT(Q)

At VND 56,025.84 MM has Fallen at -34.94%

NET PROFIT(Q)

At VND 46,829.48 MM has Fallen at -33.43%

DEBT-EQUITY RATIO (HY)

Highest at -59.66 %

INVENTORY TURNOVER RATIO(HY)

Lowest at 0%

DEBTORS TURNOVER RATIO(HY)

Lowest at 2.66%

Here's what is working for Thien Viet Securities JSC

Raw Material Cost

Fallen by 1.23% (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 2,206.88 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 Thien Viet Securities JSC

Net Sales

At VND 133,961.02 MM has Fallen at -39.84%

over average net sales of the previous four periods of VND 222,665.11 MM

MOJO Watch

Near term sales trend is extremely negative

Net Sales (VND MM)

Interest Coverage Ratio

Lowest at 220.49

in the last five periods

MOJO Watch

The company's ability to manage interest payments is deteriorating

Operating Profit to Interest

Pre-Tax Profit

At VND 56,025.84 MM has Fallen at -34.94%

over average net sales of the previous four periods of VND 86,109.41 MM

MOJO Watch

Near term Pre-Tax Profit trend is very negative

Pre-Tax Profit (VND MM)

Net Profit

At VND 46,829.48 MM has Fallen at -33.43%

over average net sales of the previous four periods of VND 70,344.99 MM

MOJO Watch

Near term Net Profit trend is very negative

Net Profit (VND MM)

Operating Cash Flow

Lowest at VND 360,348.65 MM

in the last three years

MOJO Watch

The company's cash revenues from business operations are falling

Operating Cash Flows (VND MM)

Debt-Equity Ratio

Highest at -59.66 %

in the last five Semi-Annual periods

MOJO Watch

The company is borrowing more to fund its operations; it's liquidity situation may be stressed

Debt-Equity Ratio

Inventory Turnover Ratio

Lowest at 0%

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 2.66%

in the last five Semi-Annual periods

MOJO Watch

Company's pace of selling Debtors has slowed

Debtors Turnover Ratio