VNDirect Securities Corp. (VND) Stock Recommendation | Score, Valuation, Technicals & Financial Trend

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Comparison

Company

Score

Quality

Valuation

Financial

Technical

VIX Securities JSC

MB Securities JSC

SSI Securities Corp.

Vietcap Securities JSC

BIDV Securities JSC

Ho Chi Minh City Securities Corp.

VietinBank Securities JSC

Bamboo Capital JSC

VNDirect Securities Corp.

Saigon Hanoi Securities JSC

FPT Securities JSC

Why is VNDirect Securities Corp. ?

Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 14.55%

Healthy long term growth as Net Sales has grown by an annual rate of 24.20% and Operating profit at 25.60%

The company has declared Negative results for the last 3 consecutive quarters

DEBT-EQUITY RATIO (HY) Highest at -19.17 %
INTEREST COVERAGE RATIO(Q) Lowest at 210.01
PRE-TAX PROFIT(Q) At VND 376,607.05 MM has Fallen at -37.3%

With ROE of 8.75%, it has a fair valuation with a 1.83 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 42.32%, its profits have fallen by -15%
At the current price, the company has a high dividend yield of 2.1

Real-Time Research Report

Verdict Report

How much should you hold?

Overall Portfolio exposure to VNDirect Securities Corp. 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 VNDirect Securities Corp. for you?

High Risk, Low Return

Absolute

Risk Adjusted

Volatility

VNDirect Securities Corp.

42.32%

0.15

43.12%

Vietnam VN Ho Chi Minh Index

43.59%

1.93

22.62%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

24.20%

EBIT Growth (5y)

25.60%

EBIT to Interest (avg)

4.30

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

Tax Ratio

17.71%

Dividend Payout Ratio

44.29%

Pledged Shares

Institutional Holding

ROCE (avg)

ROE (avg)

14.55%

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.83

EV to EBIT

1.61

EV to EBITDA

1.58

EV to Capital Employed

-0.40

EV to Sales

1.12

PEG Ratio

Dividend Yield

2.12%

ROCE (Latest)

Negative Capital Employed

ROE (Latest)

8.75%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Bearish

Bullish

RSI

No Signal

Bollinger Bands

Mildly Bearish

Bullish

Moving Averages

Bearish (Daily)

KST

Mildly Bullish

Bullish

Dow Theory

Mildly Bearish

Mildly Bullish

OBV

Mildly Bullish

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

13What is working for the Company

NET SALES(HY)

At VND 2,904,894.87 MM has Grown at 48.64%

NET PROFIT(HY)

At VND 1,271,045.47 MM has Grown at 68.02%

RAW MATERIAL COST(Y)

Fallen by -23.18% (YoY

CASH AND EQV(HY)

Highest at VND 68,429,846.39 MM

-17What is not working for the Company

DEBT-EQUITY RATIO (HY)

Highest at -19.17 %

INTEREST COVERAGE RATIO(Q)

Lowest at 210.01

PRE-TAX PROFIT(Q)

At VND 376,607.05 MM has Fallen at -37.3%

INTEREST(Q)

Highest at VND 337,731.15 MM

NET PROFIT(Q)

At VND 341,996.41 MM has Fallen at -29.05%

EPS(Q)

Lowest at VND 0

Here's what is working for VNDirect Securities Corp.

Net Sales

At VND 2,904,894.87 MM has Grown at 48.64%

Year on Year (YoY)

MOJO Watch

Near term sales trend is very positive

Net Sales (VND MM)

Cash and Eqv

Highest at VND 68,429,846.39 MM

in the last six Semi-Annual periods

MOJO Watch

Short Term liquidity is improving

Cash and Cash Equivalents

Raw Material Cost

Fallen by -23.18% (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

Here's what is not working for VNDirect Securities Corp.

Interest

At VND 337,731.15 MM has Grown at 11.19%

period on period (QoQ)

MOJO Watch

Rising interest cost signifies increased borrowings

Interest Paid (VND MM)

Interest Coverage Ratio

Lowest at 210.01

in the last five periods

MOJO Watch

The company's ability to manage interest payments is deteriorating

Operating Profit to Interest

Pre-Tax Profit

At VND 376,607.05 MM has Fallen at -37.3%

over average net sales of the previous four periods of VND 600,651.22 MM

MOJO Watch

Near term Pre-Tax Profit trend is very negative

Pre-Tax Profit (VND MM)

Debt-Equity Ratio

Highest at -19.17 % and Grown

In each half year in the last five Semi-Annual periods

MOJO Watch

The company is borrowing more to fund its operations; it's liquidity situation may be stressed

Debt-Equity Ratio

Interest

Highest at VND 337,731.15 MM

in the last five periods and Increased by 11.19% (QoQ)

MOJO Watch

Rising interest cost signifies increased borrowings

Interest Paid (VND MM)

Net Profit

At VND 341,996.41 MM has Fallen at -29.05%

over average net sales of the previous four periods of VND 482,053.81 MM

MOJO Watch

Near term Net Profit trend is negative

Net Profit (VND MM)

EPS

Lowest at VND 0

in the last five periods

MOJO Watch

Declining profitability; company has created lower earnings for shareholders

EPS (VND)