View ValuationSao Vang Rubber 将来の成長Future 基準チェック /06現在、 Sao Vang Rubberの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Auto Components 収益成長17.3%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報お知らせ • Feb 17+ 1 more updateSao Vang Rubber Joint Stock Company Provides Earnings Guidance for the Year 2025Sao Vang Rubber Joint Stock Company provided earnings guidance for the year 2025. for the year, the company expects revenue of VND 2,000 billion.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫43,077, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 15x in the Auto Components industry in Vietnam. Total returns to shareholders of 133% over the past three years.Declared Dividend • Jun 01Dividend of ₫400 announcedShareholders will receive a dividend of ₫400. Ex-date: 11th June 2026 Payment date: 23rd June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 4.2%.Reported Earnings • Apr 24First quarter 2026 earnings released: EPS: ₫335 (vs ₫95.85 in 1Q 2025)First quarter 2026 results: EPS: ₫335 (up from ₫95.85 in 1Q 2025). Revenue: ₫345.9b (up 33% from 1Q 2025). Net income: ₫9.41b (up 250% from 1Q 2025). Profit margin: 2.7% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫56,000, the stock trades at a trailing P/E ratio of 63.8x. Average trailing P/E is 17x in the Auto Components industry in Vietnam. Total returns to shareholders of 175% over the past three years.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: ₫877 (vs ₫4,852 in FY 2024)Full year 2025 results: EPS: ₫877 (down from ₫4,852 in FY 2024). Revenue: ₫1.46t (up 42% from FY 2024). Net income: ₫24.6b (down 82% from FY 2024). Profit margin: 1.7% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 04Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 20, 2026Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 20, 2026, at 08:00 SE Asia Standard Time. Location: 1st floor hall, 208 joint stock company, no. 24, alley 55 le dai hanh street, hai ba trung district, hanoi VietnamNew Risk • Jan 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.9% 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (₫1.38t market cap, or US$52.5m).Reported Earnings • Jan 23Full year 2025 earnings released: EPS: ₫877 (vs ₫5,403 in FY 2024)Full year 2025 results: EPS: ₫877 (down from ₫5,403 in FY 2024). Revenue: ₫1.46t (up 42% from FY 2024). Net income: ₫24.6b (down 84% from FY 2024). Profit margin: 1.7% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 22Third quarter 2025 earnings released: EPS: ₫235 (vs ₫203 in 3Q 2024)Third quarter 2025 results: EPS: ₫235 (up from ₫203 in 3Q 2024). Revenue: ₫279.2b (down 1.9% from 3Q 2024). Net income: ₫6.61b (up 16% from 3Q 2024). Profit margin: 2.4% (up from 2.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫52,000, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 18x in the Auto Components industry in Vietnam. Total returns to shareholders of 257% over the past three years.Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫36,300, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 18x in the Auto Components industry in Vietnam. Total returns to shareholders of 143% over the past three years.Reported Earnings • Jul 23Second quarter 2025 earnings released: EPS: ₫288 (vs ₫4,058 in 2Q 2024)Second quarter 2025 results: EPS: ₫288 (down from ₫4,058 in 2Q 2024). Revenue: ₫375.5b (up 14% from 2Q 2024). Net income: ₫8.07b (down 93% from 2Q 2024). Profit margin: 2.1% (down from 35% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 02Upcoming dividend of ₫600 per shareEligible shareholders must have bought the stock before 09 June 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Vietnamese dividend payers (8.0%). Lower than average of industry peers (4.2%).New Risk • May 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 8.7% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.7% average weekly change). High level of non-cash earnings (62% accrual ratio). Minor Risk Market cap is less than US$100m (₫696.0b market cap, or US$27.1m).New Risk • Apr 22New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (61% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₫715.6b market cap, or US$27.2m).Reported Earnings • Mar 19Full year 2024 earnings released: EPS: ₫5,403 (vs ₫937 in FY 2023)Full year 2024 results: EPS: ₫5,403 (up from ₫937 in FY 2023). Revenue: ₫1.03t (down 14% from FY 2023). Net income: ₫151.6b (up 476% from FY 2023). Profit margin: 15% (up from 2.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 18Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 21, 2025Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 21, 2025. Location: head office of sao vang rubber joint stock company, 231 nguyen trai street, thanh xuan district, ha noi city, Vietnamお知らせ • Feb 17+ 1 more updateSao Vang Rubber Joint Stock Company Provides Earnings Guidance for the Year 2025Sao Vang Rubber Joint Stock Company provided earnings guidance for the year 2025. for the year, the company expects revenue of VND 2,000 billion.Valuation Update With 7 Day Price Move • Nov 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₫24,800, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 19x in the Auto Components industry in Asia. Total returns to shareholders of 28% over the past three years.Reported Earnings • Oct 22Third quarter 2024 earnings released: EPS: ₫203 (vs ₫217 in 3Q 2023)Third quarter 2024 results: EPS: ₫203 (down from ₫217 in 3Q 2023). Revenue: ₫284.6b (up 23% from 3Q 2023). Net income: ₫5.69b (down 6.5% from 3Q 2023). Profit margin: 2.0% (down from 2.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 10Upcoming dividend of ₫600 per shareEligible shareholders must have bought the stock before 17 September 2024. Payment date: 03 October 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.6%. Lower than top quartile of Vietnamese dividend payers (8.3%). Lower than average of industry peers (4.1%).Declared Dividend • Aug 23Dividend of ₫600 announcedShareholders will receive a dividend of ₫600. Ex-date: 17th September 2024 Payment date: 3rd October 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is not covered by earnings (311% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 245% to bring the payout ratio under control, which is more than the 56% EPS growth achieved over the last 5 years.Valuation Update With 7 Day Price Move • Jul 30Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫33,500, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 18x in the Auto Components industry in Asia. Total returns to shareholders of 120% over the past three years.Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: ₫4,059 (vs ₫219 in 2Q 2023)Second quarter 2024 results: EPS: ₫4,059 (up from ₫219 in 2Q 2023). Revenue: ₫328.3b (up 19% from 2Q 2023). Net income: ₫113.9b (up ₫107.7b from 2Q 2023). Profit margin: 35% (up from 2.2% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₫36,900, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 19x in the Auto Components industry in Asia. Total returns to shareholders of 140% over the past three years.Valuation Update With 7 Day Price Move • May 10Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₫33,000, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 20x in the Auto Components industry in Asia. Total returns to shareholders of 95% over the past three years.Reported Earnings • Apr 23First quarter 2024 earnings released: EPS: ₫119 (vs ₫144 in 1Q 2023)First quarter 2024 results: EPS: ₫119 (down from ₫144 in 1Q 2023). Revenue: ₫174.9b (down 13% from 1Q 2023). Net income: ₫3.35b (down 17% from 1Q 2023). Profit margin: 1.9% (down from 2.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • Feb 28Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 22, 2024Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 22, 2024. Agenda: Annual General Meeting.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫31,550, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 19x in the Auto Components industry in Asia. Total returns to shareholders of 68% over the past three years.Reported Earnings • Jan 24Full year 2023 earnings released: EPS: ₫1,048 (vs ₫989 in FY 2022)Full year 2023 results: EPS: ₫1,048 (up from ₫989 in FY 2022). Revenue: ₫1.20t (up 31% from FY 2022). Net income: ₫29.4b (up 6.0% from FY 2022). Profit margin: 2.5% (down from 3.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.New Risk • Dec 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 8.9% 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 Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (₫771.7b market cap, or US$31.8m).Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: ₫217 (vs ₫137 in 3Q 2022)Third quarter 2023 results: EPS: ₫217 (up from ₫137 in 3Q 2022). Revenue: ₫232.0b (down 1.2% from 3Q 2022). Net income: ₫6.08b (up 58% from 3Q 2022). Profit margin: 2.6% (up from 1.6% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.New Risk • Oct 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 7.2% 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Dividend is not well covered by earnings (449% payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₫631.4b market cap, or US$25.7m).Upcoming Dividend • Sep 08Upcoming dividend of ₫800 per share at 4.3% yieldEligible shareholders must have bought the stock before 15 September 2023. Payment date: 03 October 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.3%. Lower than top quartile of Vietnamese dividend payers (8.4%). Lower than average of industry peers (5.2%).お知らせ • Aug 29Sao Vang Rubber Joint Stock Company Announces to Pay Cash Dividend for 2022, Payable on October 3, 2023On August 25, 2023 Sao Vang Rubber Joint Stock Company announced to pay cash dividend for 2022 of 8.0% or 800 dongs per share. The dividend will be payable on October 3, 2023 with record date of September 18, 2023 and Ex-right date of September 15, 2023.New Risk • Jul 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₫533.2b market cap, or US$22.5m).Reported Earnings • Jul 24Second quarter 2023 earnings released: EPS: ₫220 (vs ₫645 in 2Q 2022)Second quarter 2023 results: EPS: ₫220 (down from ₫645 in 2Q 2022). Revenue: ₫275.6b (up 24% from 2Q 2022). Net income: ₫6.16b (down 66% from 2Q 2022). Profit margin: 2.2% (down from 8.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Jul 13Sao Vang Rubber Joint Stock Company Announces Executive Changes, Effective Date Is July 1 2023Sao Vang Rubber Joint Stock Company announced resignation of Mr. Phan Duy Phuc as secretary, and also announced appointment of Mr. To Anh Quy as Deputy Head of material planning department cum secretary. Effective date is July 1, 2023.Reported Earnings • Apr 21First quarter 2023 earnings released: EPS: ₫144 (vs ₫529 in 1Q 2022)First quarter 2023 results: EPS: ₫144 (down from ₫529 in 1Q 2022). Revenue: ₫201.7b (down 18% from 1Q 2022). Net income: ₫4.05b (down 73% from 1Q 2022). Profit margin: 2.0% (down from 6.1% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Jan 23Full year 2022 earnings released: EPS: ₫989 (vs ₫1,427 in FY 2021)Full year 2022 results: EPS: ₫989 (down from ₫1,427 in FY 2021). Revenue: ₫915.3b (down 4.2% from FY 2021). Net income: ₫27.7b (down 31% from FY 2021). Profit margin: 3.0% (down from 4.2% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Jan 13Sao Vang Rubber Joint Stock Company Appoints Nguyen Thanh Tung as Deputy CEOSao Vang Rubber Joint Stock Company appointed Nguyen Thanh Tung as Deputy CEO. Effective date is January 15, 2023.Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₫19,100, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 18x in the Auto Components industry in Asia. Total returns to shareholders of 21% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director & Head of Internal Audit Xuan Luong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 25Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: ₫234.8b (up 11% from 3Q 2021). Net income: ₫3.86b (down 63% from 3Q 2021). Profit margin: 1.6% (down from 5.0% in 3Q 2021). The decrease in margin was driven by higher 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 2% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 08Upcoming dividend of ₫600 per shareEligible shareholders must have bought the stock before 15 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 7.1%. Lower than top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (2.0%).お知らせ • Aug 11Sao Vang Rubber Joint Stock Company Approves Cash Dividend for 2021, Payable on September 30, 2022The Board resolution dated August 09, 2022, the BOD of Sao Vang Rubber Joint Stock Company approved to implement to pay cash dividend for 2021 as follows: Exercise ratio: 6% (600 dongs/share); Record date: September 16, 2022; and Payment date: September 30, 2022.Reported Earnings • Jul 23Second quarter 2022 earnings released: EPS: ₫645 (vs ₫516 in 2Q 2021)Second quarter 2022 results: EPS: ₫645 (up from ₫516 in 2Q 2021). Revenue: ₫222.4b (down 7.4% from 2Q 2021). Net income: ₫18.1b (up 25% from 2Q 2021). Profit margin: 8.1% (up from 6.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director & Head of Internal Audit Xuan Luong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 20First quarter 2022 earnings released: EPS: ₫529 (vs ₫361 in 1Q 2021)First quarter 2022 results: EPS: ₫529 (up from ₫361 in 1Q 2021). Revenue: ₫244.5b (down 4.7% from 1Q 2021). Net income: ₫14.9b (up 47% from 1Q 2021). Profit margin: 6.1% (up from 3.9% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Mar 04Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 25, 2022Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 25, 2022, at 01:00 Coordinated Universal Time. Location: 231 Nguyen Trai, Thanh Xuan Ha Noi VietnamReported Earnings • Jan 26Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ₫1,427 (down from ₫2,620 in FY 2020). Revenue: ₫955.7b (down 29% from FY 2020). Net income: ₫40.0b (down 46% from FY 2020). Profit margin: 4.2% (down from 5.4% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 48% 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 • Oct 22Third quarter 2021 earnings released: EPS ₫376 (vs ₫703 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫210.8b (down 13% from 3Q 2020). Net income: ₫10.5b (down 47% from 3Q 2020). Profit margin: 5.0% (down from 8.2% 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 58% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 30Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 07 October 2021. Payment date: 20 October 2021. Trailing yield: 4.9%. Lower than top quartile of Vietnamese dividend payers (6.8%). Higher than average of industry peers (4.1%).Reported Earnings • Jul 22Second quarter 2021 earnings released: EPS ₫502 (vs ₫633 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ₫240.3b (up 17% from 2Q 2020). Net income: ₫14.1b (down 21% from 2Q 2020). Profit margin: 5.9% (down from 8.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 10Full year 2020 earnings released: EPS ₫2,620 (vs ₫1,324 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫1.35t (up 46% from FY 2019). Net income: ₫73.5b (up 98% from FY 2019). Profit margin: 5.4% (up from 4.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ₫19,200, the stock is trading at a trailing P/E ratio of 7.3x, down from the previous P/E ratio of 9.1x. This compares to an average P/E of 29x in the Auto Components industry in Asia. Total returns to shareholders over the past three years are 38%.Reported Earnings • Jan 23Full year 2020 earnings released: EPS ₫2,638The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫1.35t (up 46% from FY 2019). Net income: ₫74.0b (up 79% from FY 2019). Profit margin: 5.5% (up from 4.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Jan 22New 90-day high: ₫22,550The company is up 28% from its price of ₫17,600 on 23 October 2020. The Vietnamese market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 15% over the same period.Is New 90 Day High Low • Dec 28New 90-day high: ₫19,550The company is up 16% from its price of ₫16,900 on 29 September 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Auto Components industry, which is up 13% over the same period.Is New 90 Day High Low • Dec 05New 90-day high: ₫18,650The company is up 18% from its price of ₫15,800 on 04 September 2020. The Vietnamese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 17% over the same period.Reported Earnings • Oct 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫65.6b, up 111% from the prior year. Total revenue was ₫860.1b over the last 12 months, down 7.5% from the prior year.Is New 90 Day High Low • Oct 21New 90-day high: ₫18,550The company is up 22% from its price of ₫15,200 on 23 July 2020. The Vietnamese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 15% over the same period.Is New 90 Day High Low • Sep 21New 90-day high: ₫16,450The company is up 4.0% from its price of ₫15,800 on 23 June 2020. The Vietnamese market is also up 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Auto Components industry, which is up 3.0% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Sao Vang Rubber は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測HOSE:SRC - アナリストの将来予測と過去の財務データ ( )VND Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20261,540,61131,336-84,488-72,565N/A12/31/20251,455,79624,619-197,312-187,527N/A9/30/20251,155,87646,083-52,427-43,203N/A6/30/20251,161,26845,161-161,091-153,135N/A3/31/20251,114,033135,517-380,545-377,235N/A12/31/20241,027,780136,175-72,415-68,759N/A9/30/20241,276,139132,942-218,223-204,493N/A6/30/20241,223,568133,336-123,090-107,084N/A3/31/20241,170,89625,600115,121128,854N/A12/31/20231,197,75026,304-95,863-82,313N/A9/30/2023922,8744,29446,15452,296N/A6/30/2023925,6702,07030,97337,330N/A3/31/2023872,46214,00751,48257,591N/A12/31/2022915,28124,80863,29269,944N/A9/30/2022949,69937,536361,301365,438N/A6/30/2022925,72144,223342,639345,389N/A3/31/2022943,62340,600264,389268,519N/A12/31/2021955,71535,881158,591163,040N/A9/30/20211,414,52656,238-143,216-142,349N/A6/30/20211,445,44665,408-157,430-157,218N/A3/31/20211,411,60268,694-91,067-88,716N/A12/31/20201,349,27365,926-17,775-16,055N/A9/30/2020860,74161,36332,79739,885N/A6/30/2020850,65848,20876,42985,046N/A3/31/2020890,69542,04979,60481,908N/A12/31/2019926,63537,166N/A148,127N/A9/30/2019930,16115,487N/A161,288N/A6/30/2019942,43514,779N/A149,444N/A3/31/2019939,07810,213N/A90,508N/A1/1/2019925,24412,678N/A29,221N/A9/30/2018945,04022,960N/A-8,703N/A6/30/2018944,55821,739N/A-3,700N/A3/31/2018938,98526,623N/A11,038N/A1/1/2018933,73734,243N/A18,114N/A9/30/2017939,90237,830N/A256,869N/A6/30/2017917,65648,264N/A193,734N/A3/31/2017925,41857,163N/A204,278N/A12/31/2016909,05461,764N/A222,318N/A9/30/2016891,53863,629N/A11,513N/A6/30/2016933,72173,605N/A52,699N/A3/31/2016958,71374,798N/A84,076N/A1/1/2016960,26368,012N/A80,250N/A9/30/2015986,12566,509N/A93,831N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SRCの予測収益成長が 貯蓄率 ( 3.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: SRCの収益がVN市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: SRCの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: SRCの収益がVN市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: SRCの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SRCの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YAutomobiles 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/10 14:37終値2026/07/09 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sao Vang Rubber Joint Stock Company 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • Feb 17+ 1 more updateSao Vang Rubber Joint Stock Company Provides Earnings Guidance for the Year 2025Sao Vang Rubber Joint Stock Company provided earnings guidance for the year 2025. for the year, the company expects revenue of VND 2,000 billion.
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫43,077, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 15x in the Auto Components industry in Vietnam. Total returns to shareholders of 133% over the past three years.
Declared Dividend • Jun 01Dividend of ₫400 announcedShareholders will receive a dividend of ₫400. Ex-date: 11th June 2026 Payment date: 23rd June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 4.2%.
Reported Earnings • Apr 24First quarter 2026 earnings released: EPS: ₫335 (vs ₫95.85 in 1Q 2025)First quarter 2026 results: EPS: ₫335 (up from ₫95.85 in 1Q 2025). Revenue: ₫345.9b (up 33% from 1Q 2025). Net income: ₫9.41b (up 250% from 1Q 2025). Profit margin: 2.7% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫56,000, the stock trades at a trailing P/E ratio of 63.8x. Average trailing P/E is 17x in the Auto Components industry in Vietnam. Total returns to shareholders of 175% over the past three years.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: ₫877 (vs ₫4,852 in FY 2024)Full year 2025 results: EPS: ₫877 (down from ₫4,852 in FY 2024). Revenue: ₫1.46t (up 42% from FY 2024). Net income: ₫24.6b (down 82% from FY 2024). Profit margin: 1.7% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 04Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 20, 2026Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 20, 2026, at 08:00 SE Asia Standard Time. Location: 1st floor hall, 208 joint stock company, no. 24, alley 55 le dai hanh street, hai ba trung district, hanoi Vietnam
New Risk • Jan 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.9% 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (₫1.38t market cap, or US$52.5m).
Reported Earnings • Jan 23Full year 2025 earnings released: EPS: ₫877 (vs ₫5,403 in FY 2024)Full year 2025 results: EPS: ₫877 (down from ₫5,403 in FY 2024). Revenue: ₫1.46t (up 42% from FY 2024). Net income: ₫24.6b (down 84% from FY 2024). Profit margin: 1.7% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 22Third quarter 2025 earnings released: EPS: ₫235 (vs ₫203 in 3Q 2024)Third quarter 2025 results: EPS: ₫235 (up from ₫203 in 3Q 2024). Revenue: ₫279.2b (down 1.9% from 3Q 2024). Net income: ₫6.61b (up 16% from 3Q 2024). Profit margin: 2.4% (up from 2.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫52,000, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 18x in the Auto Components industry in Vietnam. Total returns to shareholders of 257% over the past three years.
Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫36,300, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 18x in the Auto Components industry in Vietnam. Total returns to shareholders of 143% over the past three years.
Reported Earnings • Jul 23Second quarter 2025 earnings released: EPS: ₫288 (vs ₫4,058 in 2Q 2024)Second quarter 2025 results: EPS: ₫288 (down from ₫4,058 in 2Q 2024). Revenue: ₫375.5b (up 14% from 2Q 2024). Net income: ₫8.07b (down 93% from 2Q 2024). Profit margin: 2.1% (down from 35% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 02Upcoming dividend of ₫600 per shareEligible shareholders must have bought the stock before 09 June 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Vietnamese dividend payers (8.0%). Lower than average of industry peers (4.2%).
New Risk • May 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 8.7% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.7% average weekly change). High level of non-cash earnings (62% accrual ratio). Minor Risk Market cap is less than US$100m (₫696.0b market cap, or US$27.1m).
New Risk • Apr 22New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (61% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₫715.6b market cap, or US$27.2m).
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: ₫5,403 (vs ₫937 in FY 2023)Full year 2024 results: EPS: ₫5,403 (up from ₫937 in FY 2023). Revenue: ₫1.03t (down 14% from FY 2023). Net income: ₫151.6b (up 476% from FY 2023). Profit margin: 15% (up from 2.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 18Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 21, 2025Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 21, 2025. Location: head office of sao vang rubber joint stock company, 231 nguyen trai street, thanh xuan district, ha noi city, Vietnam
お知らせ • Feb 17+ 1 more updateSao Vang Rubber Joint Stock Company Provides Earnings Guidance for the Year 2025Sao Vang Rubber Joint Stock Company provided earnings guidance for the year 2025. for the year, the company expects revenue of VND 2,000 billion.
Valuation Update With 7 Day Price Move • Nov 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₫24,800, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 19x in the Auto Components industry in Asia. Total returns to shareholders of 28% over the past three years.
Reported Earnings • Oct 22Third quarter 2024 earnings released: EPS: ₫203 (vs ₫217 in 3Q 2023)Third quarter 2024 results: EPS: ₫203 (down from ₫217 in 3Q 2023). Revenue: ₫284.6b (up 23% from 3Q 2023). Net income: ₫5.69b (down 6.5% from 3Q 2023). Profit margin: 2.0% (down from 2.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 10Upcoming dividend of ₫600 per shareEligible shareholders must have bought the stock before 17 September 2024. Payment date: 03 October 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.6%. Lower than top quartile of Vietnamese dividend payers (8.3%). Lower than average of industry peers (4.1%).
Declared Dividend • Aug 23Dividend of ₫600 announcedShareholders will receive a dividend of ₫600. Ex-date: 17th September 2024 Payment date: 3rd October 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is not covered by earnings (311% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 245% to bring the payout ratio under control, which is more than the 56% EPS growth achieved over the last 5 years.
Valuation Update With 7 Day Price Move • Jul 30Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫33,500, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 18x in the Auto Components industry in Asia. Total returns to shareholders of 120% over the past three years.
Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: ₫4,059 (vs ₫219 in 2Q 2023)Second quarter 2024 results: EPS: ₫4,059 (up from ₫219 in 2Q 2023). Revenue: ₫328.3b (up 19% from 2Q 2023). Net income: ₫113.9b (up ₫107.7b from 2Q 2023). Profit margin: 35% (up from 2.2% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₫36,900, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 19x in the Auto Components industry in Asia. Total returns to shareholders of 140% over the past three years.
Valuation Update With 7 Day Price Move • May 10Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₫33,000, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 20x in the Auto Components industry in Asia. Total returns to shareholders of 95% over the past three years.
Reported Earnings • Apr 23First quarter 2024 earnings released: EPS: ₫119 (vs ₫144 in 1Q 2023)First quarter 2024 results: EPS: ₫119 (down from ₫144 in 1Q 2023). Revenue: ₫174.9b (down 13% from 1Q 2023). Net income: ₫3.35b (down 17% from 1Q 2023). Profit margin: 1.9% (down from 2.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • Feb 28Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 22, 2024Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 22, 2024. Agenda: Annual General Meeting.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫31,550, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 19x in the Auto Components industry in Asia. Total returns to shareholders of 68% over the past three years.
Reported Earnings • Jan 24Full year 2023 earnings released: EPS: ₫1,048 (vs ₫989 in FY 2022)Full year 2023 results: EPS: ₫1,048 (up from ₫989 in FY 2022). Revenue: ₫1.20t (up 31% from FY 2022). Net income: ₫29.4b (up 6.0% from FY 2022). Profit margin: 2.5% (down from 3.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
New Risk • Dec 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 8.9% 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 Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (₫771.7b market cap, or US$31.8m).
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: ₫217 (vs ₫137 in 3Q 2022)Third quarter 2023 results: EPS: ₫217 (up from ₫137 in 3Q 2022). Revenue: ₫232.0b (down 1.2% from 3Q 2022). Net income: ₫6.08b (up 58% from 3Q 2022). Profit margin: 2.6% (up from 1.6% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
New Risk • Oct 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 7.2% 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Dividend is not well covered by earnings (449% payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₫631.4b market cap, or US$25.7m).
Upcoming Dividend • Sep 08Upcoming dividend of ₫800 per share at 4.3% yieldEligible shareholders must have bought the stock before 15 September 2023. Payment date: 03 October 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.3%. Lower than top quartile of Vietnamese dividend payers (8.4%). Lower than average of industry peers (5.2%).
お知らせ • Aug 29Sao Vang Rubber Joint Stock Company Announces to Pay Cash Dividend for 2022, Payable on October 3, 2023On August 25, 2023 Sao Vang Rubber Joint Stock Company announced to pay cash dividend for 2022 of 8.0% or 800 dongs per share. The dividend will be payable on October 3, 2023 with record date of September 18, 2023 and Ex-right date of September 15, 2023.
New Risk • Jul 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₫533.2b market cap, or US$22.5m).
Reported Earnings • Jul 24Second quarter 2023 earnings released: EPS: ₫220 (vs ₫645 in 2Q 2022)Second quarter 2023 results: EPS: ₫220 (down from ₫645 in 2Q 2022). Revenue: ₫275.6b (up 24% from 2Q 2022). Net income: ₫6.16b (down 66% from 2Q 2022). Profit margin: 2.2% (down from 8.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Jul 13Sao Vang Rubber Joint Stock Company Announces Executive Changes, Effective Date Is July 1 2023Sao Vang Rubber Joint Stock Company announced resignation of Mr. Phan Duy Phuc as secretary, and also announced appointment of Mr. To Anh Quy as Deputy Head of material planning department cum secretary. Effective date is July 1, 2023.
Reported Earnings • Apr 21First quarter 2023 earnings released: EPS: ₫144 (vs ₫529 in 1Q 2022)First quarter 2023 results: EPS: ₫144 (down from ₫529 in 1Q 2022). Revenue: ₫201.7b (down 18% from 1Q 2022). Net income: ₫4.05b (down 73% from 1Q 2022). Profit margin: 2.0% (down from 6.1% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Jan 23Full year 2022 earnings released: EPS: ₫989 (vs ₫1,427 in FY 2021)Full year 2022 results: EPS: ₫989 (down from ₫1,427 in FY 2021). Revenue: ₫915.3b (down 4.2% from FY 2021). Net income: ₫27.7b (down 31% from FY 2021). Profit margin: 3.0% (down from 4.2% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Jan 13Sao Vang Rubber Joint Stock Company Appoints Nguyen Thanh Tung as Deputy CEOSao Vang Rubber Joint Stock Company appointed Nguyen Thanh Tung as Deputy CEO. Effective date is January 15, 2023.
Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₫19,100, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 18x in the Auto Components industry in Asia. Total returns to shareholders of 21% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director & Head of Internal Audit Xuan Luong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 25Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: ₫234.8b (up 11% from 3Q 2021). Net income: ₫3.86b (down 63% from 3Q 2021). Profit margin: 1.6% (down from 5.0% in 3Q 2021). The decrease in margin was driven by higher 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 2% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 08Upcoming dividend of ₫600 per shareEligible shareholders must have bought the stock before 15 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 7.1%. Lower than top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (2.0%).
お知らせ • Aug 11Sao Vang Rubber Joint Stock Company Approves Cash Dividend for 2021, Payable on September 30, 2022The Board resolution dated August 09, 2022, the BOD of Sao Vang Rubber Joint Stock Company approved to implement to pay cash dividend for 2021 as follows: Exercise ratio: 6% (600 dongs/share); Record date: September 16, 2022; and Payment date: September 30, 2022.
Reported Earnings • Jul 23Second quarter 2022 earnings released: EPS: ₫645 (vs ₫516 in 2Q 2021)Second quarter 2022 results: EPS: ₫645 (up from ₫516 in 2Q 2021). Revenue: ₫222.4b (down 7.4% from 2Q 2021). Net income: ₫18.1b (up 25% from 2Q 2021). Profit margin: 8.1% (up from 6.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director & Head of Internal Audit Xuan Luong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 20First quarter 2022 earnings released: EPS: ₫529 (vs ₫361 in 1Q 2021)First quarter 2022 results: EPS: ₫529 (up from ₫361 in 1Q 2021). Revenue: ₫244.5b (down 4.7% from 1Q 2021). Net income: ₫14.9b (up 47% from 1Q 2021). Profit margin: 6.1% (up from 3.9% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Mar 04Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 25, 2022Sao Vang Rubber Joint Stock Company, Annual General Meeting, Apr 25, 2022, at 01:00 Coordinated Universal Time. Location: 231 Nguyen Trai, Thanh Xuan Ha Noi Vietnam
Reported Earnings • Jan 26Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ₫1,427 (down from ₫2,620 in FY 2020). Revenue: ₫955.7b (down 29% from FY 2020). Net income: ₫40.0b (down 46% from FY 2020). Profit margin: 4.2% (down from 5.4% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 48% 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 • Oct 22Third quarter 2021 earnings released: EPS ₫376 (vs ₫703 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫210.8b (down 13% from 3Q 2020). Net income: ₫10.5b (down 47% from 3Q 2020). Profit margin: 5.0% (down from 8.2% 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 58% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 30Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 07 October 2021. Payment date: 20 October 2021. Trailing yield: 4.9%. Lower than top quartile of Vietnamese dividend payers (6.8%). Higher than average of industry peers (4.1%).
Reported Earnings • Jul 22Second quarter 2021 earnings released: EPS ₫502 (vs ₫633 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ₫240.3b (up 17% from 2Q 2020). Net income: ₫14.1b (down 21% from 2Q 2020). Profit margin: 5.9% (down from 8.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 10Full year 2020 earnings released: EPS ₫2,620 (vs ₫1,324 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫1.35t (up 46% from FY 2019). Net income: ₫73.5b (up 98% from FY 2019). Profit margin: 5.4% (up from 4.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ₫19,200, the stock is trading at a trailing P/E ratio of 7.3x, down from the previous P/E ratio of 9.1x. This compares to an average P/E of 29x in the Auto Components industry in Asia. Total returns to shareholders over the past three years are 38%.
Reported Earnings • Jan 23Full year 2020 earnings released: EPS ₫2,638The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫1.35t (up 46% from FY 2019). Net income: ₫74.0b (up 79% from FY 2019). Profit margin: 5.5% (up from 4.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Jan 22New 90-day high: ₫22,550The company is up 28% from its price of ₫17,600 on 23 October 2020. The Vietnamese market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 15% over the same period.
Is New 90 Day High Low • Dec 28New 90-day high: ₫19,550The company is up 16% from its price of ₫16,900 on 29 September 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Auto Components industry, which is up 13% over the same period.
Is New 90 Day High Low • Dec 05New 90-day high: ₫18,650The company is up 18% from its price of ₫15,800 on 04 September 2020. The Vietnamese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 17% over the same period.
Reported Earnings • Oct 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫65.6b, up 111% from the prior year. Total revenue was ₫860.1b over the last 12 months, down 7.5% from the prior year.
Is New 90 Day High Low • Oct 21New 90-day high: ₫18,550The company is up 22% from its price of ₫15,200 on 23 July 2020. The Vietnamese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 15% over the same period.
Is New 90 Day High Low • Sep 21New 90-day high: ₫16,450The company is up 4.0% from its price of ₫15,800 on 23 June 2020. The Vietnamese market is also up 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Auto Components industry, which is up 3.0% over the same period.