ScoreWhy is Vietnam Germany Steel Pipe JSC ?
1
Poor Management Efficiency with a low ROCE of 9.69%
- The company has been able to generate a Return on Capital Employed (avg) of 9.69% signifying low profitability per unit of total capital (equity and debt)
2
Poor long term growth as Net Sales has grown by an annual rate of 2.03% and Operating profit at 3.13% over the last 5 years
3
Flat results in Mar 26
- INTEREST COVERAGE RATIO(Q) Lowest at 509.22
- NET SALES(Q) At VND 1,701,200.95 MM has Fallen at -7.02%
- INTEREST(Q) Highest at VND 8,650.62 MM
4
With ROE of 13.79%, it has a fair valuation with a 0.98 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 -40.13%, its profits have risen by 68.3% ; the PEG ratio of the company is 0.1
5
Below par performance in long term as well as near term
- Along with generating -40.13% 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 ReportHow much should you hold?
- Overall Portfolio exposure to Vietnam Germany Steel Pipe JSC should be less than 10%
- Overall Portfolio exposure to Ferrous Metals should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Ferrous Metals)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Vietnam Germany Steel Pipe JSC for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Vietnam Germany Steel Pipe JSC
-40.13%
-1.18
41.65%
Vietnam VN Ho Chi Minh Index
16.45%
0.77
21.41%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
2.03%
EBIT Growth (5y)
3.13%
EBIT to Interest (avg)
5.83
Debt to EBITDA (avg)
3.44
Net Debt to Equity (avg)
0.58
Sales to Capital Employed (avg)
4.05
Tax Ratio
14.21%
Dividend Payout Ratio
29.14%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
9.65%
ROE (avg)
11.16%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
7
Industry P/E
Price to Book Value
0.98
EV to EBIT
7.45
EV to EBITDA
6.89
EV to Capital Employed
0.98
EV to Sales
0.17
PEG Ratio
0.13
Dividend Yield
5.16%
ROCE (Latest)
13.12%
ROE (Latest)
13.79%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend9What is working for the Company
OPERATING CASH FLOW(Y)
Highest at VND 483,777.06 MM
RAW MATERIAL COST(Y)
Fallen by -6.72% (YoY
NET PROFIT(9M)
Higher at VND 186,492.77 MM
CASH AND EQV(HY)
Highest at VND 1,229,792.8 MM
DEBT-EQUITY RATIO
(HY)
Lowest at -3.17 %
-6What is not working for the Company
INTEREST COVERAGE RATIO(Q)
Lowest at 509.22
NET SALES(Q)
At VND 1,701,200.95 MM has Fallen at -7.02%
INTEREST(Q)
Highest at VND 8,650.62 MM
Here's what is working for Vietnam Germany Steel Pipe JSC
Operating Cash Flow
Highest at VND 483,777.06 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)
Net Profit
At VND 186,492.77 MM has Grown at 49.61%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is positive
Net Profit (VND MM)
Cash and Eqv
Highest at VND 1,229,792.8 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio
Lowest at -3.17 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Net Profit
Higher at VND 186,492.77 MM
than preceding 12 month period ended Mar 2026MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Profit (VND MM)
Raw Material Cost
Fallen by -6.72% (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 4,125.67 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 4,125.67 MM has Grown at 63.15%
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 Vietnam Germany Steel Pipe JSC
Interest
At VND 8,650.62 MM has Grown at 98.11%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Interest Coverage Ratio
Lowest at 509.22
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Net Sales
At VND 1,701,200.95 MM has Fallen at -7.02%
over average net sales of the previous four periods of VND 1,829,647.64 MMMOJO Watch
Near term sales trend is negative
Net Sales (VND MM)
Interest
Highest at VND 8,650.62 MM
in the last five periods and Increased by 98.11% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Non Operating Income
Highest at VND 0.41 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income
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