ScoreWhy is VNECO 3 Electricity Construction JSC ?
1
Poor Management Efficiency with a low ROCE of 8.04%
- The company has been able to generate a Return on Capital Employed (avg) of 8.04% signifying low profitability per unit of total capital (equity and debt)
2
High Debt Company with a Debt to Equity ratio (avg) at times
- Poor long term growth as Operating profit has grown by an annual rate 51.01% of over the last 5 years
- High Debt Company with a Debt to Equity ratio (avg) at times
- The company has been able to generate a Return on Equity (avg) of 2.84% signifying low profitability per unit of shareholders funds
3
With a growth in Operating Profit of 45.06%, the company declared Very Positive results in Dec 25
- ROCE(HY) Highest at 8.48%
- INTEREST COVERAGE RATIO(Q) The company hardly has any interest cost
- RAW MATERIAL COST(Y) Fallen by -53.48% (YoY)
4
With ROE of 1.91%, it has a fair valuation with a 0.59 Price to Book Value
- Over the past year, while the stock has generated a return of -30.30%, its profits have fallen by -49%
5
Below par performance in long term as well as near term
- Along with generating -30.30% 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
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to VNECO 3 Electricity Construction JSC should be less than 10%
- Overall Portfolio exposure to Construction should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Construction)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is VNECO 3 Electricity Construction JSC for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
VNECO 3 Electricity Construction JSC
-30.3%
-0.32
81.81%
Vietnam VN Ho Chi Minh Index
43.89%
2.03
21.59%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
33.13%
EBIT Growth (5y)
51.01%
EBIT to Interest (avg)
1.59
Debt to EBITDA (avg)
4.05
Net Debt to Equity (avg)
3.16
Sales to Capital Employed (avg)
1.91
Tax Ratio
62.05%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
8.04%
ROE (avg)
2.84%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
31
Industry P/E
Price to Book Value
0.59
EV to EBIT
15.25
EV to EBITDA
12.67
EV to Capital Employed
0.90
EV to Sales
0.40
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
5.88%
ROE (Latest)
1.91%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend29What is working for the Company
ROCE(HY)
Highest at 8.48%
INTEREST COVERAGE RATIO(Q)
The company hardly has any interest cost
RAW MATERIAL COST(Y)
Fallen by -53.48% (YoY
NET SALES(9M)
Higher at VND 159,097.19 MM
CASH AND EQV(HY)
Highest at VND 52,556.47 MM
OPERATING PROFIT(Q)
Highest at VND 6,834.42 MM
OPERATING PROFIT MARGIN(Q)
Highest at 11.67 %
PRE-TAX PROFIT(Q)
Highest at VND 5,389.04 MM
NET PROFIT(Q)
Highest at VND 4,547.02 MM
EPS(Q)
Highest at VND 3,445
-9What is not working for the Company
INTEREST(HY)
At VND 4,044.94 MM has Grown at 106.15%
INVENTORY TURNOVER RATIO(HY)
Lowest at 2.84 times
Here's what is working for VNECO 3 Electricity Construction JSC
Pre-Tax Profit
At VND 5,389.04 MM has Grown at 1,388.66%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (VND MM)
Net Profit
At VND 4,547.02 MM has Grown at 2,493.65%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very positive
Net Profit (VND MM)
Operating Profit
Highest at VND 6,834.42 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (VND MM)
Operating Profit Margin
Highest at 11.67 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at VND 5,389.04 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (VND MM)
Net Profit
Highest at VND 4,547.02 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (VND MM)
EPS
Highest at VND 3,445
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (VND)
Cash and Eqv
Highest at VND 52,556.47 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Net Sales
Higher at VND 159,097.19 MM
than preceding 12 month period ended Dec 2025MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Sales (VND MM)
Raw Material Cost
Fallen by -53.48% (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 VNECO 3 Electricity Construction JSC
Interest
At VND 4,044.94 MM has Grown at 106.15%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Inventory Turnover Ratio
Lowest at 2.84 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
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