Rang Dong Light Source & Vacuum Flask（RAL）株式概要Rang Dong Light Source & Vacuum Flask Joint Stock Company社は、ベトナム国内および国際的な照明製品の製造に従事している。 詳細RAL ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績2/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より96.2%で取引されている リスク分析不安定な配当実績 意味のある時価総額がありません ( ₫1,931B )すべてのリスクチェックを見るRAL Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW495,712 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG495,712 investors already sharing narrativesYour Fair Value₫Current Price₫83.00k87.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture09t2016201920222025202620282031Revenue ₫8.6tEarnings ₫490.3bAdvancedSet Fair ValueView all narrativesRang Dong Light Source & Vacuum Flask Joint Stock Company 競合他社Sam HoldingsSymbol: HOSE:SAMMarket cap: ₫2.4tHanoi BatterySymbol: HNX:PHNMarket cap: ₫406.9bTaya Viet Nam Electric Wire and CableSymbol: HOSE:TYAMarket cap: ₫504.7bViet Duc Welding ElectrodeSymbol: HNX:QHDMarket cap: ₫324.8b価格と性能株価の高値、安値、推移の概要Rang Dong Light Source & Vacuum Flask過去の株価現在の株価₫83,000.0052週高値₫99,000.0052週安値₫81,600.00ベータ0.481ヶ月の変化-0.60%3ヶ月変化-7.16%1年変化-14.61%3年間の変化-23.85%5年間の変化-50.33%IPOからの変化-35.16%最新ニュースお知らせ • Apr 16Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 30, 2026Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 30, 2026.Declared Dividend • Apr 12Final dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 29th April 2026 Payment date: 14th May 2026 Dividend yield will be 5.7%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 70% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 5 years.Reported Earnings • Feb 04Full year 2025 earnings released: EPS: ₫15,336 (vs ₫25,187 in FY 2024)Full year 2025 results: EPS: ₫15,336 (down from ₫25,187 in FY 2024). Revenue: ₫6.36t (down 24% from FY 2024). Net income: ₫361.1b (down 39% from FY 2024). Profit margin: 5.7% (down from 7.1% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: ₫3,433 (vs ₫3,254 in 3Q 2024)Third quarter 2025 results: EPS: ₫3,433 (up from ₫3,254 in 3Q 2024). Revenue: ₫1.36t (up 2.7% from 3Q 2024). Net income: ₫80.8b (up 5.5% from 3Q 2024). Profit margin: 5.9% (in line with 3Q 2024). 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 5% per year, which means it is well ahead of earnings.Declared Dividend • Aug 20First half dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 02Second quarter 2025 earnings released: EPS: ₫2,965 (vs ₫5,830 in 2Q 2024)Second quarter 2025 results: EPS: ₫2,965 (down from ₫5,830 in 2Q 2024). Revenue: ₫1.19t (down 44% from 2Q 2024). Net income: ₫69.8b (down 49% from 2Q 2024). Profit margin: 5.9% (down from 6.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.最新情報をもっと見るRecent updatesお知らせ • Apr 16Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 30, 2026Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 30, 2026.Declared Dividend • Apr 12Final dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 29th April 2026 Payment date: 14th May 2026 Dividend yield will be 5.7%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 70% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 5 years.Reported Earnings • Feb 04Full year 2025 earnings released: EPS: ₫15,336 (vs ₫25,187 in FY 2024)Full year 2025 results: EPS: ₫15,336 (down from ₫25,187 in FY 2024). Revenue: ₫6.36t (down 24% from FY 2024). Net income: ₫361.1b (down 39% from FY 2024). Profit margin: 5.7% (down from 7.1% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: ₫3,433 (vs ₫3,254 in 3Q 2024)Third quarter 2025 results: EPS: ₫3,433 (up from ₫3,254 in 3Q 2024). Revenue: ₫1.36t (up 2.7% from 3Q 2024). Net income: ₫80.8b (up 5.5% from 3Q 2024). Profit margin: 5.9% (in line with 3Q 2024). 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 5% per year, which means it is well ahead of earnings.Declared Dividend • Aug 20First half dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 02Second quarter 2025 earnings released: EPS: ₫2,965 (vs ₫5,830 in 2Q 2024)Second quarter 2025 results: EPS: ₫2,965 (down from ₫5,830 in 2Q 2024). Revenue: ₫1.19t (down 44% from 2Q 2024). Net income: ₫69.8b (down 49% from 2Q 2024). Profit margin: 5.9% (down from 6.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Board Change • May 13Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Vice Chairman, Deputy GM & Deputy CEO Ket Nguyen is the most experienced director on the board, commencing their role in 2019. Independent Director Thai Tran was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Apr 19Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, Jun 07, 2025Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, Jun 07, 2025.お知らせ • Apr 15Rang Dong Light Source & Vacuum Flask Joint Stock Company Announces Second Cash Dividend for 2024, Payable on May 15, 2025The board of directors of Rang Dong Light Source & Vacuum Flask Joint Stock Company at its Board resolution dated April 11, 2025 to approve the following contents: Approve the plan for the 2nd cash dividend payment in 2024: Exercise ratio: 25% (VND2,500/share). Payment date: May 15, 2025. Record date: May 05, 2025.お知らせ • Jan 18Rang Dong Light Source & Vacuum Flask Joint Stock Company Announces Executive ChangesOn January 14, 2025, Rang dong Light Source and Vacuum Flask Joint Stock Company announced the change in personnel as follows: The appointment of: Mr. Nguyen Hoang Kien as Deputy General Director; Mr. Quach Thanh Chuong as Deputy General Director; and Ms. Ton Nu Thanh Thien as Head of the Supervisory Board; The resignation of: Mr. Quach Thanh Chuong as Head of the Supervisory Board. Effective from January 14, 2025.Reported Earnings • Nov 05Third quarter 2024 earnings released: EPS: ₫3,254 (vs ₫4,115 in 3Q 2023)Third quarter 2024 results: EPS: ₫3,254 (down from ₫4,115 in 3Q 2023). Revenue: ₫1.33t (up 3.7% from 3Q 2023). Net income: ₫76.6b (down 21% from 3Q 2023). Profit margin: 5.8% (down from 7.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 13% per year.Declared Dividend • Aug 07First half dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 16th August 2024 Payment date: 28th August 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: ₫5,830 (vs ₫4,687 in 2Q 2023)Second quarter 2024 results: EPS: ₫5,830 (up from ₫4,687 in 2Q 2023). Revenue: ₫2.12t (up 39% from 2Q 2023). Net income: ₫137.3b (up 24% from 2Q 2023). Profit margin: 6.5% (down from 7.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year.Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: ₫8,267 (vs ₫7,952 in 1Q 2023)First quarter 2024 results: EPS: ₫8,267 (up from ₫7,952 in 1Q 2023). Revenue: ₫2.83t (up 33% from 1Q 2023). Net income: ₫194.7b (up 6.7% from 1Q 2023). Profit margin: 6.9% (down from 8.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Apr 20Upcoming dividend of ₫2,500 per shareEligible shareholders must have bought the stock before 24 April 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Vietnamese dividend payers (8.9%). Lower than average of industry peers (4.6%).お知らせ • Apr 06Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 25, 2024Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 25, 2024. Agenda: To approve the plan for the 2nd cash dividend payment in 2023.Declared Dividend • Apr 05Final dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 24th April 2024 Payment date: 9th May 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 23Full year 2023 earnings released: EPS: ₫24,813 (vs ₫25,564 in FY 2022)Full year 2023 results: EPS: ₫24,813. Revenue: ₫8.32t (up 20% from FY 2022). Net income: ₫584.3b (up 20% from FY 2022). Profit margin: 7.0% (in line with FY 2022).Reported Earnings • Oct 22Third quarter 2023 earnings released: EPS: ₫4,115 (vs ₫2,577 in 3Q 2022)Third quarter 2023 results: EPS: ₫4,115 (up from ₫2,577 in 3Q 2022). Revenue: ₫1.28t (up 31% from 3Q 2022). Net income: ₫96.9b (up 64% from 3Q 2022). Profit margin: 7.6% (up from 6.1% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.Reported Earnings • Aug 21Second quarter 2023 earnings released: EPS: ₫4,687 (vs ₫4,992 in 2Q 2022)Second quarter 2023 results: EPS: ₫4,687. Revenue: ₫1.52t (up 13% from 2Q 2022). Net income: ₫110.4b (up 24% from 2Q 2022). Profit margin: 7.2% (up from 6.6% in 2Q 2022). The increase in margin was driven by higher revenue.New Risk • Aug 19New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₫2.36t (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (38% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (₫2.36t market cap, or US$99.3m).Upcoming Dividend • Aug 09Upcoming dividend of ₫2,500 per share at 4.7% yieldEligible shareholders must have bought the stock before 16 August 2023. Payment date: 29 August 2023. Payout ratio is a comfortable 10% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of Vietnamese dividend payers (8.5%). Higher than average of industry peers (3.9%).New Risk • Jul 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 38% 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. 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 (38% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.6% increase in shares outstanding).Reported Earnings • Jul 20Second quarter 2023 earnings released: EPS: ₫4,687 (vs ₫3,888 in 2Q 2022)Second quarter 2023 results: EPS: ₫4,687 (up from ₫3,888 in 2Q 2022). Revenue: ₫1.52t (up 13% from 2Q 2022). Net income: ₫110.4b (up 24% from 2Q 2022). Profit margin: 7.2% (up from 6.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year.New Risk • Jun 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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 (43% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.6% increase in shares outstanding).Upcoming Dividend • Apr 10Upcoming dividend of ₫2,500 per share at 5.6% yieldEligible shareholders must have bought the stock before 17 April 2023. Payment date: 26 April 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 5.6%. Lower than top quartile of Vietnamese dividend payers (9.0%). In line with average of industry peers (5.2%).Reported Earnings • Jan 20Full year 2022 earnings released: EPS: ₫21,196 (vs ₫33,369 in FY 2021)Full year 2022 results: EPS: ₫21,196. Revenue: ₫6.91t (up 21% from FY 2021). Net income: ₫486.4b (up 22% from FY 2021). Profit margin: 7.0% (in line with FY 2021).Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₫83,400, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 17x in the Electrical industry in Vietnam. Total returns to shareholders of 69% over the past three years.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Member of Supervisory Board Ngoc Le is the most experienced director on the board, commencing their role in 2015. Independent Director Thai Tran was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 21Third quarter 2022 earnings released: EPS: ₫2,577 (vs ₫3,492 in 3Q 2021)Third quarter 2022 results: EPS: ₫2,577. Revenue: ₫975.4b (up 26% from 3Q 2021). Net income: ₫59.1b (up 40% from 3Q 2021). Profit margin: 6.1% (up from 5.4% in 3Q 2021). The increase in margin was driven by higher revenue.お知らせ • Aug 24Rang Dong Light Source & Vacuum Flask Joint Stock Company Announces Cash Dividend, Payable on September 08, 2022Rang Dong Light Source & Vacuum Flask Joint Stock Company announced cash dividend of VND 57,368,547,500. The dividend payable on September 08, 2022, with a record date of August 29, 2022.Reported Earnings • Jul 19Second quarter 2022 earnings released: EPS: ₫3,888 (vs ₫6,621 in 2Q 2021)Second quarter 2022 results: EPS: ₫3,888. Revenue: ₫1.35t (up 18% from 2Q 2021). Net income: ₫89.2b (up 12% from 2Q 2021). Profit margin: 6.6% (down from 7.0% in 2Q 2021). The decrease in margin was driven by higher expenses.お知らせ • Jul 15Rang Dong Light Source & Vacuum Flask Joint Stock Company Announces Executive ChangesRangdong Light Source and Vacuum Flask Joint Stock Company announced that Mr. Tran Trung Tuong, a member of the BOD is appointed to the Chairman, Mr. Nguyen Doan Ket, a member of the BOD is appointed to a Deputy Chairman and Mr. Hoang Trung is appointed to a position of corporate governance, secretary, shareholder relationship, effective July 4, 2022.お知らせ • Jun 30Rang Dong Light Source & Vacuum Flask Joint Stock Company Announces Change in PersonnelRang Dong Light Source & Vacuum Flask Joint Stock Company announces the change in personnel for the new term (2022-2027): Nguyen Hoang Kien: member of the board of directors, Tran Van Thai: independent member of the board of directors. The board of supervisors for the new term (2022-2027): Le Dinh Hung member of the board of supervisors, Ton Nu Thanh Thien: member of the board of supervisors.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₫102,000, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 14x in the Electrical industry in Vietnam. Total returns to shareholders of 93% over the past three years.Upcoming Dividend • May 24Upcoming dividend of ₫2,500 per shareEligible shareholders must have bought the stock before 31 May 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Vietnamese dividend payers (7.5%). Lower than average of industry peers (8.2%).お知らせ • May 20+ 1 more updateRang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, Jun 25, 2022Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, Jun 25, 2022.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Deputy Chairman & Deputy CEO Ket Nguyen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Jan 23Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ₫32,971 (up from ₫29,225 in FY 2020). Revenue: ₫5.71t (up 16% from FY 2020). Net income: ₫398.1b (up 19% from FY 2020). Profit margin: 7.0% (up from 6.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.9%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to ₫142,000, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 21x in the Electrical industry in Vietnam. Total returns to shareholders of 92% over the past three years.Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS ₫3,492 (vs ₫6,060 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫774.9b (down 24% from 3Q 2020). Net income: ₫42.2b (down 40% from 3Q 2020). Profit margin: 5.4% (down from 6.8% 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 24% per year whereas the company’s share price has increased by 29% per year.Reported Earnings • Jul 24Second quarter 2021 earnings released: EPS ₫6,621 (vs ₫5,445 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫1.14t (up 23% from 2Q 2020). Net income: ₫80.0b (up 28% from 2Q 2020). Profit margin: 7.0% (up from 6.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 06Upcoming dividend of ₫2,500 per shareEligible shareholders must have bought the stock before 13 April 2021. Payment date: 26 April 2021. Trailing yield: 2.3%. Lower than top quartile of Vietnamese dividend payers (7.3%). Lower than average of industry peers (3.9%).Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₫214,300, the stock is trading at a trailing P/E ratio of 7.3x, up from the previous P/E ratio of 6x. This compares to an average P/E of 17x in the Electrical industry in Vietnam. Total returns to shareholders over the past three years are 86%.Is New 90 Day High Low • Feb 25New 90-day high: ₫187,200The company is up 46% from its price of ₫127,800 on 27 November 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 5.0% over the same period.Is New 90 Day High Low • Jan 21New 90-day high: ₫157,500The company is up 24% from its price of ₫127,400 on 23 October 2020. The Vietnamese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 7.0% over the same period.Is New 90 Day High Low • Dec 29New 90-day high: ₫136,100The company is up 31% from its price of ₫103,800 on 30 September 2020. The Vietnamese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is down 1.0% over the same period.Is New 90 Day High Low • Dec 07New 90-day high: ₫132,100The company is up 31% from its price of ₫100,900 on 08 September 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is down 12% over the same period.Is New 90 Day High Low • Nov 04New 90-day high: ₫127,900The company is up 43% from its price of ₫89,500 on 06 August 2020. The Vietnamese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is down 1.0% over the same period.Reported Earnings • Oct 23Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫172.0b, down 26% from the prior year. Total revenue was ₫4.61t over the last 12 months, up 13% from the prior year.Is New 90 Day High Low • Oct 07New 90-day high: ₫111,400The company is up 49% from its price of ₫75,000 on 09 July 2020. The Vietnamese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 20% over the same period.株主還元RALVN ElectricalVN 市場7D-1.1%-5.5%-2.3%1Y-14.6%16.1%21.9%株主還元を見る業界別リターン: RAL過去 1 年間で16.1 % の収益を上げたVN Electrical業界を下回りました。リターン対市場: RALは、過去 1 年間で21.9 % のリターンを上げたVN市場を下回りました。価格変動Is RAL's price volatile compared to industry and market?RAL volatilityRAL Average Weekly Movement1.9%Electrical Industry Average Movement5.4%Market Average Movement3.8%10% most volatile stocks in VN Market6.9%10% least volatile stocks in VN Market2.1%安定した株価: RAL 、 VN市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: RALの 週次ボラティリティ ( 2% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19582,515Thang Nguyenrangdong.com.vnRang Dong Light Source & Vacuum Flask Joint Stock Company社は、ベトナム国内外において照明製品の製造を行っている。同社は、LEDランプとチューブ、LEDパネル、バテン、天井製品、クロスライト、リニアライト、駐車場照明、ハイベイライト、ダウンライト、トラックライトなどの屋内照明器具、LED家庭用照明製品、LEDフラッドライトや街灯などの屋内照明器具を提供している。また、農業用、漁業用、再生可能エネルギー用照明製品、魔法瓶、家庭用電化製品など、業務用照明ソリューションの製造・取引にも携わっている。同社は1961年に設立され、本社はベトナムのハノイにある。もっと見るRang Dong Light Source & Vacuum Flask Joint Stock Company 基礎のまとめRang Dong Light Source & Vacuum Flask の収益と売上を時価総額と比較するとどうか。RAL 基礎統計学時価総額₫1.93t収益（TTM）₫376.82b売上高(TTM)₫6.63t5.2xPER（株価収益率0.3xP/SレシオRAL は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計RAL 損益計算書（TTM）収益₫6.63t売上原価₫5.05t売上総利益₫1.58tその他の費用₫1.20t収益₫376.82b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）16.00kグロス・マージン23.77%純利益率5.69%有利子負債／自己資本比率87.9%RAL の長期的なパフォーマンスは？過去の実績と比較を見る配当金6.0%現在の配当利回り27%配当性向View Valuation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2026/07/14 15:31終値2026/07/14 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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Rang Dong Light Source & Vacuum Flask 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 • Apr 16Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 30, 2026Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 30, 2026.
Declared Dividend • Apr 12Final dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 29th April 2026 Payment date: 14th May 2026 Dividend yield will be 5.7%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 70% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 5 years.
Reported Earnings • Feb 04Full year 2025 earnings released: EPS: ₫15,336 (vs ₫25,187 in FY 2024)Full year 2025 results: EPS: ₫15,336 (down from ₫25,187 in FY 2024). Revenue: ₫6.36t (down 24% from FY 2024). Net income: ₫361.1b (down 39% from FY 2024). Profit margin: 5.7% (down from 7.1% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: ₫3,433 (vs ₫3,254 in 3Q 2024)Third quarter 2025 results: EPS: ₫3,433 (up from ₫3,254 in 3Q 2024). Revenue: ₫1.36t (up 2.7% from 3Q 2024). Net income: ₫80.8b (up 5.5% from 3Q 2024). Profit margin: 5.9% (in line with 3Q 2024). 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 5% per year, which means it is well ahead of earnings.
Declared Dividend • Aug 20First half dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 02Second quarter 2025 earnings released: EPS: ₫2,965 (vs ₫5,830 in 2Q 2024)Second quarter 2025 results: EPS: ₫2,965 (down from ₫5,830 in 2Q 2024). Revenue: ₫1.19t (down 44% from 2Q 2024). Net income: ₫69.8b (down 49% from 2Q 2024). Profit margin: 5.9% (down from 6.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 16Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 30, 2026Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 30, 2026.
Declared Dividend • Apr 12Final dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 29th April 2026 Payment date: 14th May 2026 Dividend yield will be 5.7%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 70% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 5 years.
Reported Earnings • Feb 04Full year 2025 earnings released: EPS: ₫15,336 (vs ₫25,187 in FY 2024)Full year 2025 results: EPS: ₫15,336 (down from ₫25,187 in FY 2024). Revenue: ₫6.36t (down 24% from FY 2024). Net income: ₫361.1b (down 39% from FY 2024). Profit margin: 5.7% (down from 7.1% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: ₫3,433 (vs ₫3,254 in 3Q 2024)Third quarter 2025 results: EPS: ₫3,433 (up from ₫3,254 in 3Q 2024). Revenue: ₫1.36t (up 2.7% from 3Q 2024). Net income: ₫80.8b (up 5.5% from 3Q 2024). Profit margin: 5.9% (in line with 3Q 2024). 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 5% per year, which means it is well ahead of earnings.
Declared Dividend • Aug 20First half dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 02Second quarter 2025 earnings released: EPS: ₫2,965 (vs ₫5,830 in 2Q 2024)Second quarter 2025 results: EPS: ₫2,965 (down from ₫5,830 in 2Q 2024). Revenue: ₫1.19t (down 44% from 2Q 2024). Net income: ₫69.8b (down 49% from 2Q 2024). Profit margin: 5.9% (down from 6.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Board Change • May 13Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Vice Chairman, Deputy GM & Deputy CEO Ket Nguyen is the most experienced director on the board, commencing their role in 2019. Independent Director Thai Tran was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 19Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, Jun 07, 2025Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, Jun 07, 2025.
お知らせ • Apr 15Rang Dong Light Source & Vacuum Flask Joint Stock Company Announces Second Cash Dividend for 2024, Payable on May 15, 2025The board of directors of Rang Dong Light Source & Vacuum Flask Joint Stock Company at its Board resolution dated April 11, 2025 to approve the following contents: Approve the plan for the 2nd cash dividend payment in 2024: Exercise ratio: 25% (VND2,500/share). Payment date: May 15, 2025. Record date: May 05, 2025.
お知らせ • Jan 18Rang Dong Light Source & Vacuum Flask Joint Stock Company Announces Executive ChangesOn January 14, 2025, Rang dong Light Source and Vacuum Flask Joint Stock Company announced the change in personnel as follows: The appointment of: Mr. Nguyen Hoang Kien as Deputy General Director; Mr. Quach Thanh Chuong as Deputy General Director; and Ms. Ton Nu Thanh Thien as Head of the Supervisory Board; The resignation of: Mr. Quach Thanh Chuong as Head of the Supervisory Board. Effective from January 14, 2025.
Reported Earnings • Nov 05Third quarter 2024 earnings released: EPS: ₫3,254 (vs ₫4,115 in 3Q 2023)Third quarter 2024 results: EPS: ₫3,254 (down from ₫4,115 in 3Q 2023). Revenue: ₫1.33t (up 3.7% from 3Q 2023). Net income: ₫76.6b (down 21% from 3Q 2023). Profit margin: 5.8% (down from 7.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 13% per year.
Declared Dividend • Aug 07First half dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 16th August 2024 Payment date: 28th August 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: ₫5,830 (vs ₫4,687 in 2Q 2023)Second quarter 2024 results: EPS: ₫5,830 (up from ₫4,687 in 2Q 2023). Revenue: ₫2.12t (up 39% from 2Q 2023). Net income: ₫137.3b (up 24% from 2Q 2023). Profit margin: 6.5% (down from 7.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year.
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: ₫8,267 (vs ₫7,952 in 1Q 2023)First quarter 2024 results: EPS: ₫8,267 (up from ₫7,952 in 1Q 2023). Revenue: ₫2.83t (up 33% from 1Q 2023). Net income: ₫194.7b (up 6.7% from 1Q 2023). Profit margin: 6.9% (down from 8.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Apr 20Upcoming dividend of ₫2,500 per shareEligible shareholders must have bought the stock before 24 April 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Vietnamese dividend payers (8.9%). Lower than average of industry peers (4.6%).
お知らせ • Apr 06Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 25, 2024Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 25, 2024. Agenda: To approve the plan for the 2nd cash dividend payment in 2023.
Declared Dividend • Apr 05Final dividend of ₫2,500 announcedDividend of ₫2,500 is the same as last year. Ex-date: 24th April 2024 Payment date: 9th May 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 23Full year 2023 earnings released: EPS: ₫24,813 (vs ₫25,564 in FY 2022)Full year 2023 results: EPS: ₫24,813. Revenue: ₫8.32t (up 20% from FY 2022). Net income: ₫584.3b (up 20% from FY 2022). Profit margin: 7.0% (in line with FY 2022).
Reported Earnings • Oct 22Third quarter 2023 earnings released: EPS: ₫4,115 (vs ₫2,577 in 3Q 2022)Third quarter 2023 results: EPS: ₫4,115 (up from ₫2,577 in 3Q 2022). Revenue: ₫1.28t (up 31% from 3Q 2022). Net income: ₫96.9b (up 64% from 3Q 2022). Profit margin: 7.6% (up from 6.1% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.
Reported Earnings • Aug 21Second quarter 2023 earnings released: EPS: ₫4,687 (vs ₫4,992 in 2Q 2022)Second quarter 2023 results: EPS: ₫4,687. Revenue: ₫1.52t (up 13% from 2Q 2022). Net income: ₫110.4b (up 24% from 2Q 2022). Profit margin: 7.2% (up from 6.6% in 2Q 2022). The increase in margin was driven by higher revenue.
New Risk • Aug 19New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₫2.36t (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (38% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (₫2.36t market cap, or US$99.3m).
Upcoming Dividend • Aug 09Upcoming dividend of ₫2,500 per share at 4.7% yieldEligible shareholders must have bought the stock before 16 August 2023. Payment date: 29 August 2023. Payout ratio is a comfortable 10% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of Vietnamese dividend payers (8.5%). Higher than average of industry peers (3.9%).
New Risk • Jul 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 38% 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. 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 (38% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.6% increase in shares outstanding).
Reported Earnings • Jul 20Second quarter 2023 earnings released: EPS: ₫4,687 (vs ₫3,888 in 2Q 2022)Second quarter 2023 results: EPS: ₫4,687 (up from ₫3,888 in 2Q 2022). Revenue: ₫1.52t (up 13% from 2Q 2022). Net income: ₫110.4b (up 24% from 2Q 2022). Profit margin: 7.2% (up from 6.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year.
New Risk • Jun 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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 (43% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.6% increase in shares outstanding).
Upcoming Dividend • Apr 10Upcoming dividend of ₫2,500 per share at 5.6% yieldEligible shareholders must have bought the stock before 17 April 2023. Payment date: 26 April 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 5.6%. Lower than top quartile of Vietnamese dividend payers (9.0%). In line with average of industry peers (5.2%).
Reported Earnings • Jan 20Full year 2022 earnings released: EPS: ₫21,196 (vs ₫33,369 in FY 2021)Full year 2022 results: EPS: ₫21,196. Revenue: ₫6.91t (up 21% from FY 2021). Net income: ₫486.4b (up 22% from FY 2021). Profit margin: 7.0% (in line with FY 2021).
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₫83,400, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 17x in the Electrical industry in Vietnam. Total returns to shareholders of 69% over the past three years.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Member of Supervisory Board Ngoc Le is the most experienced director on the board, commencing their role in 2015. Independent Director Thai Tran was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 21Third quarter 2022 earnings released: EPS: ₫2,577 (vs ₫3,492 in 3Q 2021)Third quarter 2022 results: EPS: ₫2,577. Revenue: ₫975.4b (up 26% from 3Q 2021). Net income: ₫59.1b (up 40% from 3Q 2021). Profit margin: 6.1% (up from 5.4% in 3Q 2021). The increase in margin was driven by higher revenue.
お知らせ • Aug 24Rang Dong Light Source & Vacuum Flask Joint Stock Company Announces Cash Dividend, Payable on September 08, 2022Rang Dong Light Source & Vacuum Flask Joint Stock Company announced cash dividend of VND 57,368,547,500. The dividend payable on September 08, 2022, with a record date of August 29, 2022.
Reported Earnings • Jul 19Second quarter 2022 earnings released: EPS: ₫3,888 (vs ₫6,621 in 2Q 2021)Second quarter 2022 results: EPS: ₫3,888. Revenue: ₫1.35t (up 18% from 2Q 2021). Net income: ₫89.2b (up 12% from 2Q 2021). Profit margin: 6.6% (down from 7.0% in 2Q 2021). The decrease in margin was driven by higher expenses.
お知らせ • Jul 15Rang Dong Light Source & Vacuum Flask Joint Stock Company Announces Executive ChangesRangdong Light Source and Vacuum Flask Joint Stock Company announced that Mr. Tran Trung Tuong, a member of the BOD is appointed to the Chairman, Mr. Nguyen Doan Ket, a member of the BOD is appointed to a Deputy Chairman and Mr. Hoang Trung is appointed to a position of corporate governance, secretary, shareholder relationship, effective July 4, 2022.
お知らせ • Jun 30Rang Dong Light Source & Vacuum Flask Joint Stock Company Announces Change in PersonnelRang Dong Light Source & Vacuum Flask Joint Stock Company announces the change in personnel for the new term (2022-2027): Nguyen Hoang Kien: member of the board of directors, Tran Van Thai: independent member of the board of directors. The board of supervisors for the new term (2022-2027): Le Dinh Hung member of the board of supervisors, Ton Nu Thanh Thien: member of the board of supervisors.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₫102,000, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 14x in the Electrical industry in Vietnam. Total returns to shareholders of 93% over the past three years.
Upcoming Dividend • May 24Upcoming dividend of ₫2,500 per shareEligible shareholders must have bought the stock before 31 May 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Vietnamese dividend payers (7.5%). Lower than average of industry peers (8.2%).
お知らせ • May 20+ 1 more updateRang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, Jun 25, 2022Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, Jun 25, 2022.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Deputy Chairman & Deputy CEO Ket Nguyen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Jan 23Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ₫32,971 (up from ₫29,225 in FY 2020). Revenue: ₫5.71t (up 16% from FY 2020). Net income: ₫398.1b (up 19% from FY 2020). Profit margin: 7.0% (up from 6.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.9%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to ₫142,000, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 21x in the Electrical industry in Vietnam. Total returns to shareholders of 92% over the past three years.
Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS ₫3,492 (vs ₫6,060 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫774.9b (down 24% from 3Q 2020). Net income: ₫42.2b (down 40% from 3Q 2020). Profit margin: 5.4% (down from 6.8% 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 24% per year whereas the company’s share price has increased by 29% per year.
Reported Earnings • Jul 24Second quarter 2021 earnings released: EPS ₫6,621 (vs ₫5,445 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫1.14t (up 23% from 2Q 2020). Net income: ₫80.0b (up 28% from 2Q 2020). Profit margin: 7.0% (up from 6.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 06Upcoming dividend of ₫2,500 per shareEligible shareholders must have bought the stock before 13 April 2021. Payment date: 26 April 2021. Trailing yield: 2.3%. Lower than top quartile of Vietnamese dividend payers (7.3%). Lower than average of industry peers (3.9%).
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₫214,300, the stock is trading at a trailing P/E ratio of 7.3x, up from the previous P/E ratio of 6x. This compares to an average P/E of 17x in the Electrical industry in Vietnam. Total returns to shareholders over the past three years are 86%.
Is New 90 Day High Low • Feb 25New 90-day high: ₫187,200The company is up 46% from its price of ₫127,800 on 27 November 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Jan 21New 90-day high: ₫157,500The company is up 24% from its price of ₫127,400 on 23 October 2020. The Vietnamese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 7.0% over the same period.
Is New 90 Day High Low • Dec 29New 90-day high: ₫136,100The company is up 31% from its price of ₫103,800 on 30 September 2020. The Vietnamese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is down 1.0% over the same period.
Is New 90 Day High Low • Dec 07New 90-day high: ₫132,100The company is up 31% from its price of ₫100,900 on 08 September 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is down 12% over the same period.
Is New 90 Day High Low • Nov 04New 90-day high: ₫127,900The company is up 43% from its price of ₫89,500 on 06 August 2020. The Vietnamese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is down 1.0% over the same period.
Reported Earnings • Oct 23Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫172.0b, down 26% from the prior year. Total revenue was ₫4.61t over the last 12 months, up 13% from the prior year.
Is New 90 Day High Low • Oct 07New 90-day high: ₫111,400The company is up 49% from its price of ₫75,000 on 09 July 2020. The Vietnamese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 20% over the same period.
