Dashboard
1
Weak Long Term Fundamental Strength as the company has not declared results in the last 6 months
- Poor long term growth as Net Sales has grown by an annual rate of -10.17% and Operating profit at -207.63% 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 Capital Employed (avg) of 3.90% signifying low profitability per unit of total capital (equity and debt)
2
Negative results in Mar 25
3
With ROE of 1.14%, it has a expensive valuation with a 0.77 Price to Book Value
4
Consistent Underperformance against the benchmark over the last 3 years
Stock DNA
Industrial Manufacturing
VND 258,807 Million (Micro Cap)
67.00
NA
0.00%
1.03
1.14%
0.72
Revenue and Profits:
Net Sales:
148,575 Million
(Quarterly Results - Mar 2025)
Net Profit:
9,278 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-6.26%
0%
-6.26%
6 Months
-10.97%
0%
-10.97%
1 Year
-3.59%
0%
-3.59%
2 Years
-0.76%
0%
-0.76%
3 Years
-21.31%
0%
-21.31%
4 Years
-48.07%
0%
-48.07%
5 Years
-35.08%
0%
-35.08%
Seaprodex Refrigeration Industry Corp. for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
-10.17%
EBIT Growth (5y)
-207.63%
EBIT to Interest (avg)
-0.86
Debt to EBITDA (avg)
7.76
Net Debt to Equity (avg)
0.61
Sales to Capital Employed (avg)
1.57
Tax Ratio
44.43%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
3.90%
ROE (avg)
3.35%
Valuation key factors
Factor
Value
P/E Ratio
67
Industry P/E
Price to Book Value
0.77
EV to EBIT
-5.58
EV to EBITDA
-6.56
EV to Capital Employed
0.87
EV to Sales
0.59
PEG Ratio
0.11
Dividend Yield
NA
ROCE (Latest)
-15.67%
ROE (Latest)
1.14%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'25 - YoY
Mar'25
Mar'24
Change(%)
Net Sales
148,575.20
271,033.50
-45.18%
Operating Profit (PBDIT) excl Other Income
-99,437.40
4,919.30
-2,121.37%
Interest
7,904.20
7,697.50
2.69%
Exceptional Items
0.00
0.00
Consolidate Net Profit
9,278.10
636.70
1,357.22%
Operating Profit Margin (Excl OI)
-695.50%
5.40%
-70.09%
USD in Million.
Net Sales
YoY Growth in quarter ended Mar 2025 is -45.18% vs 6.04% in Mar 2024
Consolidated Net Profit
YoY Growth in quarter ended Mar 2025 is 1,357.22% vs -64.63% in Mar 2024
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
1,082,727.40
1,643,513.40
-34.12%
Operating Profit (PBDIT) excl Other Income
29,450.60
61,139.00
-51.83%
Interest
30,863.00
43,593.20
-29.20%
Exceptional Items
518.20
2,639.00
-80.36%
Consolidate Net Profit
1,212.90
3,431.70
-64.66%
Operating Profit Margin (Excl OI)
11.90%
26.50%
-1.46%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is -34.12% vs 38.62% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is -64.66% vs 102.43% in Dec 2023
About Seaprodex Refrigeration Industry Corp. 
Seaprodex Refrigeration Industry Corp.
Industrial Manufacturing
Seaprodex Refrigeration Industry Corporation (Searefico) is a Vietnam-based company engaged in the engineering and construction industry. The Company has two main businesses. Under the industrial refrigeration business, Searefico provides consultancy, design, installation, and maintenance services, as well as material and equipment for industrial refrigeration systems, which are used by seafood, beverage and pharmaceutical corporate clients. The M&E services business engages in designing, installing and maintaining of mechanical and electrical networks, such as communication, security, air conditioning and building management systems, in office and industrial buildings. As of December 31, 2012, 99.86% of the total revenue came from project contracts. As of the same date, Searefico had one subsidiary active in the same industry.
Company Coordinates 
Company Details
72 - 74 Nguyen Thi Minh Khai, P.6, Q. 3 , HO CHI MINH None : None
Registrar Details






