New Risk • Jul 03
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). High level of non-cash earnings (28% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Jun 23
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 22 July 2026. The company last paid an ordinary dividend in May 2019. The average dividend yield among industry peers is 3.7%. New Risk • May 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). High level of non-cash earnings (28% accrual ratio). Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫33,700, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Real Estate industry in Vietnam. Total returns to shareholders of 23% over the past three years. New Risk • Apr 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Reported Earnings • Mar 21
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₫2,837 (up from ₫1,803 in FY 2024). Revenue: ₫8.84t (down 1.1% from FY 2024). Net income: ₫6.45t (up 57% from FY 2024). Profit margin: 73% (up from 46% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 8.8%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Mar 20
Vincom Retail Joint Stock Company, Annual General Meeting, May 07, 2026 Vincom Retail Joint Stock Company, Annual General Meeting, May 07, 2026. Location: company headquarters, cong hoa industrial park, tran hung dao ward, hai phong Vietnam New Risk • Jan 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. High level of non-cash earnings (27% accrual ratio). Reported Earnings • Jan 28
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₫2,837 (up from ₫1,803 in FY 2024). Revenue: ₫8.84t (down 1.1% from FY 2024). Net income: ₫6.45t (up 57% from FY 2024). Profit margin: 73% (up from 46% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 8.8%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Real Estate industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 10
Price target increased by 8.7% to ₫34,229 Up from ₫31,500, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₫35,000. Stock is up 108% over the past year. The company is forecast to post earnings per share of ₫2,608 for next year compared to ₫1,803 last year. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫38,050, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Real Estate industry in Vietnam. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₫27,450, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Real Estate industry in Vietnam. Total returns to shareholders of 4.8% over the past three years. Price Target Changed • Dec 09
Price target increased by 7.3% to ₫31,629 Up from ₫29,469, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₫32,000. Stock is up 82% over the past year. The company is forecast to post earnings per share of ₫2,195 for next year compared to ₫1,803 last year. New Risk • Oct 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: ₫399 (vs ₫399 in 3Q 2024) Third quarter 2025 results: EPS: ₫399 (down from ₫399 in 3Q 2024). Revenue: ₫2.08t (flat on 3Q 2024). Net income: ₫906.0b (flat on 3Q 2024). Profit margin: 44% (in line with 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Price Target Changed • Oct 12
Price target increased by 7.4% to ₫29,469 Up from ₫27,444, the current price target is an average from 8 analysts. New target price is 27% below last closing price of ₫40,350. Stock is up 112% over the past year. The company is forecast to post earnings per share of ₫2,137 for next year compared to ₫1,803 last year. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫35,000, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Real Estate industry in Vietnam. Total returns to shareholders of 38% over the past three years. Reported Earnings • Jul 30
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ₫2.14t (down 14% from 2Q 2024). Net income: ₫1.23t (up 21% from 2Q 2024). Profit margin: 58% (up from 41% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in Vietnam. Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: ₫518 (vs ₫476 in 1Q 2024) First quarter 2025 results: EPS: ₫518 (up from ₫476 in 1Q 2024). Revenue: ₫2.13t (down 5.5% from 1Q 2024). Net income: ₫1.18t (up 8.8% from 1Q 2024). Profit margin: 55% (up from 48% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Real Estate industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫20,300, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Real Estate industry in Vietnam. Total loss to shareholders of 34% over the past three years. Ankündigung • Apr 02
Vincom Retail Joint Stock Company, Annual General Meeting, Apr 22, 2025 Vincom Retail Joint Stock Company, Annual General Meeting, Apr 22, 2025, at 09:00 SE Asia Standard Time. Location: almaz convention center, hoa lan street, vinhomes riverside ecological urban area, phuc loi ward, Vietnam Reported Earnings • Jan 28
Full year 2024 earnings released: EPS: ₫1,802 (vs ₫1,940 in FY 2023) Full year 2024 results: EPS: ₫1,802 (down from ₫1,940 in FY 2023). Revenue: ₫8.94t (down 8.7% from FY 2023). Net income: ₫4.10t (down 7.1% from FY 2023). Profit margin: 46% (in line with FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 03
Price target decreased by 7.2% to ₫27,650 Down from ₫29,800, the current price target is an average from 8 analysts. New target price is 61% above last closing price of ₫17,200. Stock is down 26% over the past year. The company is forecast to post earnings per share of ₫1,816 for next year compared to ₫1,940 last year. Ankündigung • Aug 21
Vincom Retail Joint Stock Company Approves Board Appointments Vincom Retail Joint Stock Company announced on April 23, 2024, the resolution of the Annual General Meeting 2024 as follows: Approving the members of the BOD in the term 2023-2028: Mr. Ernest Fong, Ming; Mr. Nguyen Hoai Nam. Approving members of the Supervisory Board in the term 2023-2028: Mr. Tran Xuan Hai; Mr. Hoang Duc Hung; Mr. Nguyen Thanh Trung. Reported Earnings • Jul 24
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₫2.48t (up 14% from 2Q 2023). Net income: ₫1.02t (up 2.1% from 2Q 2023). Profit margin: 41% (down from 46% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Real Estate industry in Vietnam. Reported Earnings • May 02
First quarter 2024 earnings released First quarter 2024 results: Revenue: ₫2.25t (up 16% from 1Q 2023). Net income: ₫1.08t (up 5.7% from 1Q 2023). Profit margin: 48% (down from 53% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Real Estate industry in Vietnam. Ankündigung • Apr 03
Vincom Retail Joint Stock Company, Annual General Meeting, Apr 23, 2024 Vincom Retail Joint Stock Company, Annual General Meeting, Apr 23, 2024, at 02:00 Coordinated Universal Time. Location: Almaz Convention Center, Hoa Lan road, Vinhomes Riverside, Phuc Loi ward, Long Bien district, Hanoi Vietnam Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫25,500, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the Real Estate industry in Vietnam. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫42,368 per share. New Risk • Feb 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫22,200, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Real Estate industry in Vietnam. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫36,745 per share. Ankündigung • Sep 09
Vincom Retail Joint Stock Company Announces the Appointment Mrs. Tran Mai Hoa as CEO Vincom Retail Joint Stock Company announced the appointment Mrs. Tran Mai Hoa as CEO with effect from August 31, 2023. Major Estimate Revision • Aug 11
Consensus revenue estimates decrease by 10%, EPS upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₫10t to ₫9.11t. EPS estimate increased from ₫1,711 to ₫1,844 per share. Net income forecast to grow 17% next year vs 17% growth forecast for Real Estate industry in Vietnam. Consensus price target broadly unchanged at ₫35,536. Share price rose 7.1% to ₫30,750 over the past week. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: ₫440 (vs ₫340 in 2Q 2022) Second quarter 2023 results: EPS: ₫440 (up from ₫340 in 2Q 2022). Revenue: ₫2.17t (up 18% from 2Q 2022). Net income: ₫1.00t (up 29% from 2Q 2022). Profit margin: 46% (up from 42% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Real Estate industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Apr 25
First quarter 2023 earnings released First quarter 2023 results: Revenue: ₫1.94t (up 42% from 1Q 2022). Net income: ₫1.02t (up 171% from 1Q 2022). Profit margin: 53% (up from 28% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Real Estate industry in Vietnam. Major Estimate Revision • Feb 06
Consensus EPS estimates increase by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ₫9.55t to ₫9.82t. EPS estimate increased from ₫1,453 to ₫1,744 per share. Net income forecast to grow 45% next year vs 75% growth forecast for Real Estate industry in Vietnam. Consensus price target of ₫34,225 unchanged from last update. Share price fell 2.0% to ₫29,200 over the past week. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: ₫1,204 (vs ₫578 in FY 2021) Full year 2022 results: EPS: ₫1,204 (up from ₫578 in FY 2021). Revenue: ₫7.31t (up 24% from FY 2021). Net income: ₫2.73t (up 108% from FY 2021). Profit margin: 37% (up from 22% in FY 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Real Estate industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₫30,500, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 6x in the Real Estate industry in Vietnam. Total loss to shareholders of 10% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Sanjay Vinayak was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 05
Vincom Retail Joint Stock Company Announces Management Changes Vincom Retail Joint Stock Company announced appointment of Ms. Nguyen Thi Lan Huong as Chief Accountant, Effective date: November 01, 2022 and resignation of Mr. Pham Hoang Viet as Chief Accountant, Effective date: November 01, 2022. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: ₫349 (vs ₫10.67 in 3Q 2021) Third quarter 2022 results: EPS: ₫349 (up from ₫10.67 in 3Q 2021). Revenue: ₫2.01t (up 155% from 3Q 2021). Net income: ₫793.4b (up ₫769.1b from 3Q 2021). Profit margin: 40% (up from 3.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Real Estate industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 29
Consensus revenue estimates fall by 10% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₫8.91t to ₫7.98t. EPS estimate fell from ₫1,090 to ₫1,045 per share. Net income forecast to grow 116% next year vs 81% growth forecast for Real Estate industry in Vietnam. Consensus price target of ₫35,288 unchanged from last update. Share price fell 2.2% to ₫28,400 over the past week. Reported Earnings • Jul 30
Second quarter 2022 earnings: Revenues exceed analyst expectations Second quarter 2022 results: Revenue: ₫1.85t (up 23% from 2Q 2021). Net income: ₫773.0b (up 100% from 2Q 2021). Profit margin: 42% (up from 26% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 35%. Over the next year, revenue is forecast to grow 63%, compared to a 81% growth forecast for the industry in Vietnam. Reported Earnings • May 04
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: ₫166 (down from ₫344 in 1Q 2021). Revenue: ₫1.37t (down 39% from 1Q 2021). Net income: ₫377.4b (down 52% from 1Q 2021). Profit margin: 28% (down from 35% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 58%, compared to a 70% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Sanjay Vinayak was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 22
Vincom Retail Joint Stock Company, Annual General Meeting, May 10, 2022 Vincom Retail Joint Stock Company, Annual General Meeting, May 10, 2022, at 02:00 Coordinated Universal Time. Location: Almaz Conference Center, Hoa Lan Street, Vinhomes Riverside Phuc Loi Ward, Long Bien District, Ha Noi Ha Noi Vietnam Major Estimate Revision • Apr 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ₫9.95t to ₫8.74t. EPS estimate unchanged from ₫1,381 per share at last update. Real Estate industry in Vietnam expected to see average net income growth of 40% next year. Consensus price target up from ₫35,760 to ₫37,049. Share price rose 3.5% to ₫33,650 over the past week. Major Estimate Revision • Feb 16
Consensus revenue estimates fall by 16% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₫11t to ₫9.12t. EPS estimate fell from ₫1,398 to ₫1,248 per share. Net income forecast to grow 116% next year vs 40% growth forecast for Real Estate industry in Vietnam. Consensus price target broadly unchanged at ₫35,760. Share price fell 4.5% to ₫34,300 over the past week. Reported Earnings • Jan 30
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ₫578 (down from ₫1,048 in FY 2020). Revenue: ₫5.89t (down 29% from FY 2020). Net income: ₫1.31t (down 45% from FY 2020). Profit margin: 22% (down from 29% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 48%. Over the next year, revenue is forecast to grow 85%, compared to a 40% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₫35,600, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Real Estate industry in Vietnam. Total returns to shareholders of 24% over the past three years. Reported Earnings • Nov 03
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫787.4b (down 55% from 3Q 2020). Net income: ₫24.3b (down 96% from 3Q 2020). Profit margin: 3.1% (down from 33% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS ₫171 (vs ₫151 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₫1.51t (down 7.3% from 2Q 2020). Net income: ₫387.5b (up 13% from 2Q 2020). Profit margin: 26% (up from 21% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₫2.23t (up 32% from 1Q 2020). Net income: ₫780.9b (up 59% from 1Q 2020). Profit margin: 35% (up from 29% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 01
Full year 2020 earnings released: EPS ₫1,048 (vs ₫1,226 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫8.33t (down 10.0% from FY 2019). Net income: ₫2.38t (down 17% from FY 2019). Profit margin: 29% (down from 31% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 25
New 90-day high: ₫37,800 The company is up 40% from its price of ₫27,000 on 27 October 2020. The Vietnamese market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫13,041 per share. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₫37,150, the stock is trading at a trailing P/E ratio of 36.8x, up from the previous P/E ratio of 31.4x. This compares to an average P/E of 14x in the Real Estate industry in Vietnam. Total return to shareholders over the past three years is a loss of 14%. Is New 90 Day High Low • Jan 05
New 90-day high: ₫33,300 The company is up 20% from its price of ₫27,800 on 07 October 2020. The Vietnamese market is also up 20% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫11,436 per share. Is New 90 Day High Low • Dec 14
New 90-day high: ₫30,000 The company is up 4.0% from its price of ₫28,900 on 15 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫11,329 per share. Ankündigung • Nov 27
Vincom Retail Joint Stock Company Proposes Resignation of Brett Harold Krause as the Independent Member Vincom Retail Joint Stock Company proposed resignation of Mr. Brett Harold Krause as the Independent member of the Board of Directors. Major Estimate Revision • Nov 05
Analysts lower revenue estimates to ₫7.91t The 2020 consensus revenue estimate decreased from ₫8.94t. Earning per share (EPS) estimate was also lowered from ₫1,046 to ₫928 for the same period. Net income is expected to grow by 28% next year compared to 27% growth forecast for the Real Estate industry in Vietnam. The consensus price target was lowered from ₫33,944 to ₫33,213. Share price is up 2.0% to ₫26,100 over the past week. Analyst Estimate Surprise Post Earnings • Nov 04
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 27%, compared to a 59% growth forecast for the Real Estate industry in Vietnam. Analyst Estimate Surprise Post Earnings • Nov 02
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 27%, compared to a 60% growth forecast for the Real Estate industry in Vietnam. Is New 90 Day High Low • Nov 01
New 90-day low: ₫25,300 The company is down 1.0% from its price of ₫25,650 on 03 August 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫9,659 per share. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫2.29t, down 14% from the prior year. Total revenue was ₫7.86t over the last 12 months, down 17% from the prior year. 
