Why is Viglacera Tien Son JSC ?
1
The company is Net-Debt Free
- Poor long term growth as Operating profit has grown by an annual rate 13.68% of over the last 5 years
- The company is Net-Debt Free
2
With ROE of 9.85%, it has a very expensive valuation with a 2.71 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 61.18%, its profits have risen by 4.8% ; the PEG ratio of the company is 5.8
- At the current price, the company has a high dividend yield of 2.1
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 Building Products)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Viglacera Tien Son JSC for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Viglacera Tien Son JSC
61.18%
0.89
56.94%
Vietnam VN Ho Chi Minh Index
16.45%
0.77
21.41%
Quality key factors
Factor
Value
Sales Growth (5y)
17.14%
EBIT Growth (5y)
13.68%
EBIT to Interest (avg)
1.79
Debt to EBITDA (avg)
3.88
Net Debt to Equity (avg)
1.81
Sales to Capital Employed (avg)
1.19
Tax Ratio
18.59%
Dividend Payout Ratio
55.26%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
8.42%
ROE (avg)
8.85%
Valuation Key Factors 
Factor
Value
P/E Ratio
28
Industry P/E
Price to Book Value
2.71
EV to EBIT
18.83
EV to EBITDA
11.91
EV to Capital Employed
1.60
EV to Sales
1.37
PEG Ratio
5.78
Dividend Yield
2.11%
ROCE (Latest)
8.47%
ROE (Latest)
9.85%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
Bearish
OBV
No Trend
Mildly Bullish
Technical Movement
18What is working for the Company
NET SALES(Q)
Highest at VND 863,488.34 MM
PRE-TAX PROFIT(Q)
At VND 331.17 MM has Grown at 103.68%
NET PROFIT(Q)
At VND 264.94 MM has Grown at 102.95%
RAW MATERIAL COST(Y)
Fallen by -90.36% (YoY
INVENTORY TURNOVER RATIO(HY)
Highest at 2.69 times
-3What is not working for the Company
DEBTORS TURNOVER RATIO(HY)
Lowest at 10.19 times
INTEREST(Q)
Highest at VND 21,993.75 MM
OPERATING PROFIT MARGIN(Q)
Lowest at 8.76 %
Here's what is working for Viglacera Tien Son JSC
Net Sales
At VND 863,488.34 MM has Grown at 130.76%
Year on Year (YoY)MOJO Watch
Near term sales trend is extremely positive
Net Sales (VND MM)
Net Sales
Highest at VND 863,488.34 MM and Grown
In each period in the last five periodsMOJO Watch
Near term sales trend is very positive
Net Sales (VND MM)
Pre-Tax Profit
At VND 331.17 MM has Grown at 103.68%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (VND MM)
Net Profit
At VND 264.94 MM has Grown at 102.95%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very positive
Net Profit (VND MM)
Inventory Turnover Ratio
Highest at 2.69 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Raw Material Cost
Fallen by -90.36% (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
At VND 35,485.4 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 Viglacera Tien Son JSC
Interest
Highest at VND 21,993.75 MM
in the last five periods and Increased by 6.65% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Operating Profit Margin
Lowest at 8.76 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Debtors Turnover Ratio
Lowest at 10.19 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio






