Why is Vinaconex 21 JSC ?
1
Poor long term growth as Net Sales has grown by an annual rate of % and Operating profit at 0.00% over the last 5 years
2
Flat results in Mar 26
- OPERATING CASH FLOW(Y) Lowest at VND -196,491.01 MM
- NET SALES(Q) At VND 22,316.19 MM has Fallen at -44.64%
- DEBT-EQUITY RATIO (HY) Highest at 240.43 %
3
With ROE of -0.09%, it has a attractive valuation with a 0.00 Price to Book Value
- Over the past year, while the stock has generated a return of -25.35%, its profits have fallen by 0%
4
Below par performance in long term as well as near term
- Along with generating -25.35% 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
How much should you hold?
- Overall Portfolio exposure to Vinaconex 21 JSC should be less than 10%
- Overall Portfolio exposure to Realty should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Realty)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Vinaconex 21 JSC for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Vinaconex 21 JSC
-25.35%
-0.98
34.46%
Vietnam VN Ho Chi Minh Index
16.45%
0.77
21.41%
Quality key factors
Factor
Value
Sales Growth (5y)
0.00%
EBIT Growth (5y)
0.00%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
3.68%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
10.15%
ROE (avg)
1.81%
Valuation Key Factors 
Factor
Value
P/E Ratio
Industry P/E
Price to Book Value
NA
EV to EBIT
1344.35
EV to EBITDA
43.99
EV to Capital Employed
0.71
EV to Sales
3.66
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
0.05%
ROE (Latest)
-0.09%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
Mildly Bearish
Technical Movement
14What is working for the Company
NET PROFIT(HY)
Higher at VND 3,979.92 MM
ROCE(HY)
Highest at 0.76%
-10What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at VND -196,491.01 MM
NET SALES(Q)
At VND 22,316.19 MM has Fallen at -44.64%
DEBT-EQUITY RATIO
(HY)
Highest at 240.43 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 0.62 times
Here's what is working for Vinaconex 21 JSC
Net Profit
At VND 3,979.92 MM has Grown at 458.11%
Year on Year (YoY)MOJO Watch
Net Profit trend is very positive
Net Profit (VND MM)
Net Profit
Higher at VND 3,979.92 MM
than preceding 12 month period ended Mar 2026MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (VND MM)
Depreciation
At VND 370.05 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 Vinaconex 21 JSC
Net Sales
At VND 22,316.19 MM has Fallen at -44.64%
Year on Year (YoY)MOJO Watch
Near term sales trend is extremely negative
Net Sales (VND MM)
Operating Cash Flow
Lowest at VND -196,491.01 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (VND MM)
Debt-Equity Ratio
Highest at 240.43 %
in the last five Semi-Annual periodsMOJO 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 0.62 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio






