ScoreWhy is VIX Securities JSC ?
1
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 11.36%
- Healthy long term growth as Net Sales has grown by an annual rate of 27.90% and Operating profit at 37.00%
2
With a growth in Net Profit of 715.6%, the company declared Very Positive results in Dec 25
- OPERATING CASH FLOW(Y) Highest at VND 1,018,964.49 MM
- NET SALES(HY) Higher at VND 2,495,984.5 MM
- NET PROFIT(HY) Higher at VND 3,736,134.27 MM
3
With ROE of 3.29%, it has a very attractive valuation with a 3.33 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 121.62%, its profits have fallen by -31%
4
Market Beating Performance
- The stock has generated a return of 121.62% in the last 1 year, much higher than market (Vietnam VN Ho Chi Minh Index) returns of 43.59%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to VIX 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 VIX Securities JSC for you?
High Risk, Medium Return
Absolute
Risk Adjusted
Volatility
VIX Securities JSC
-100.0%
0.73
54.97%
Vietnam VN Ho Chi Minh Index
38.87%
1.90
22.90%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
63.80%
EBIT Growth (5y)
76.35%
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
18.62%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
45.23%
ROE (avg)
11.36%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
5
Industry P/E
Price to Book Value
1.26
EV to EBIT
1.38
EV to EBITDA
1.37
EV to Capital Employed
2.33
EV to Sales
2.74
PEG Ratio
0.01
Dividend Yield
0.25%
ROCE (Latest)
169.10%
ROE (Latest)
25.22%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bullish
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend24What is working for the Company
NET PROFIT(HY)
At VND 1,425,081.19 MM has Grown at 194.15%
NET SALES(HY)
At VND 1,273,054.73 MM has Grown at 89.62%
OPERATING CASH FLOW(Y)
Highest at VND 2,683,554.6 MM
ROCE(HY)
Highest at 27.24%
RAW MATERIAL COST(Y)
Fallen by 1.29% (YoY
CASH AND EQV(HY)
Highest at VND 33,698,432.48 MM
DEBTORS TURNOVER RATIO(HY)
Highest at 9.73 times
-23What is not working for the Company
INTEREST(HY)
At VND 311,148.31 MM has Grown at 390.32%
NET SALES(Q)
At VND 475,365.29 MM has Fallen at -46.66%
INTEREST COVERAGE RATIO(Q)
Lowest at 205.1
PRE-TAX PROFIT(Q)
Lowest at VND 156,353.89 MM
NET PROFIT(Q)
Lowest at VND 138,370.27 MM
EPS(Q)
Lowest at VND 90.35
Here's what is working for VIX Securities JSC
Operating Cash Flow
Highest at VND 2,683,554.6 MM
in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (VND MM)
Cash and Eqv
Highest at VND 33,698,432.48 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debtors Turnover Ratio
Highest at 9.73 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Raw Material Cost
Fallen by 1.29% (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 3,153.85 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 3,153.85 MM has Grown at 31.49%
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 VIX Securities JSC
Interest
At VND 311,148.31 MM has Grown at 390.32%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Net Sales
At VND 475,365.29 MM has Fallen at -46.66%
over average net sales of the previous four periods of VND 891,184.62 MMMOJO Watch
Near term sales trend is extremely negative
Net Sales (VND MM)
Pre-Tax Profit
At VND 156,353.89 MM has Fallen at -90.69%
over average net sales of the previous four periods of VND 1,679,253.08 MMMOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (VND MM)
Net Profit
At VND 138,370.27 MM has Fallen at -89.77%
over average net sales of the previous four periods of VND 1,352,505.54 MMMOJO Watch
Near term Net Profit trend is very negative
Net Profit (VND MM)
Interest Coverage Ratio
Lowest at 205.1
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Pre-Tax Profit
Lowest at VND 156,353.89 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (VND MM)
Net Profit
Lowest at VND 138,370.27 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (VND MM)
EPS
Lowest at VND 90.35
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (VND)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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