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
The company has declared positive results in Mar'2025 after 3 consecutive negative quarters
- 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 146.37%, its profits have fallen by -31%
4
Market Beating Performance
- The stock has generated a return of 146.37% 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 buy?
- 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, High Return
Absolute
Risk Adjusted
Volatility
VIX Securities JSC
146.37%
1.06
55.10%
Vietnam VN Ho Chi Minh Index
43.59%
1.93
22.62%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
27.90%
EBIT Growth (5y)
37.00%
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
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
101
Industry P/E
Price to Book Value
3.33
EV to EBIT
59.78
EV to EBITDA
59.32
EV to Capital Employed
8.94
EV to Sales
54.94
PEG Ratio
NA
Dividend Yield
0.10%
ROCE (Latest)
14.96%
ROE (Latest)
3.29%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend30What is working for the Company
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
ROCE(HY)
Highest at 28.85%
RAW MATERIAL COST(Y)
Fallen by -4.82% (YoY
CASH AND EQV(HY)
Highest at VND 31,499,721.63 MM
DEBTORS TURNOVER RATIO(HY)
Highest at 19.74 times
-15What is not working for the Company
DEBT-EQUITY RATIO
(HY)
Highest at -27.61 %
INTEREST(Q)
Highest at VND 161,597.64 MM
EPS(Q)
Lowest at VND 0
Here's what is working for VIX Securities JSC
Net Sales
At VND 2,495,984.5 MM has Grown at 429.91%
Year on Year (YoY)MOJO Watch
Sales trend is very positive
Net Sales (VND MM)
Net Profit
At VND 3,736,134.27 MM has Grown at 889.48%
Year on Year (YoY)MOJO Watch
Net Profit trend is very positive
Net Profit (VND MM)
Operating Cash Flow
Highest at VND 1,018,964.49 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 Sales
Higher at VND 2,495,984.5 MM
than preceding 12 month period ended Dec 2025MOJO Watch
In the half year the company has already crossed sales of the previous twelve months
Net Sales (VND MM)
Net Profit
Higher at VND 3,736,134.27 MM
than preceding 12 month period ended Dec 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (VND MM)
Cash and Eqv
Highest at VND 31,499,721.63 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debtors Turnover Ratio
Highest at 19.74 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 -4.82% (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 2,283.48 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (VND MM)
Here's what is not working for VIX Securities JSC
Interest
At VND 161,597.64 MM has Grown at 44.69%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Interest
Highest at VND 161,597.64 MM
in the last five periods and Increased by 44.69% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
EPS
Lowest at VND 0
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (VND)
Debt-Equity Ratio
Highest at -27.61 %
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
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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