Saigon Hotel（SGH）株式概要サイゴン・ホテル・コーポレーションは、ベトナムのホーチミン市でビジネスおよびレジャー旅行者向けのサイゴン・ホテルを運営しています。 詳細SGH ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績5/6財務の健全性6/6配当金2/6報酬株価収益率（ 14.6 x）は、 Hospitality業界平均（ 15.4 x）を下回っています。過去1年間で収益は47.3%増加しました リスク分析株式の流動性は非常に低い 意味のある時価総額がありません ( ₫219B )意味のある収益がありません ( ₫51B )6.11%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見るSGH Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW475,526 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 NarrativeBLINRODA475,526 investors already sharing narrativesYour Fair Value₫Current Price₫17.70k33.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0133b2016201920222025202620282031Revenue ₫133.5bEarnings ₫40.1bAdvancedSet Fair ValueView all narrativesSaigon Hotel Corporation 競合他社Tay Ninh Cable Car TourSymbol: HOSE:TCTMarket cap: ₫227.0bTay Ninh Tourist - TradingSymbol: HNX:TTTMarket cap: ₫146.2bThanh Thanh Cong TouristSymbol: HOSE:VNGMarket cap: ₫656.6bOne Capital HospitalitySymbol: HNX:OCHMarket cap: ₫1.3t価格と性能株価の高値、安値、推移の概要Saigon Hotel過去の株価現在の株価₫17,700.0052週高値₫30,200.0052週安値₫17,700.00ベータ0.491ヶ月の変化-35.40%3ヶ月変化-26.86%1年変化n/a3年間の変化-27.16%5年間の変化-49.57%IPOからの変化-58.84%最新ニュースReported Earnings • Jul 23Second quarter 2026 earnings released: EPS: ₫298 (vs ₫221 in 2Q 2025)Second quarter 2026 results: EPS: ₫298 (up from ₫221 in 2Q 2025). Revenue: ₫12.7b (up 2.9% from 2Q 2025). Net income: ₫3.69b (up 35% from 2Q 2025). Profit margin: 29% (up from 22% in 2Q 2025). The increase in margin was primarily driven by lower expenses.Upcoming Dividend • Jul 09Upcoming dividend of ₫1,100 per shareEligible shareholders must have bought the stock before 16 July 2026. Payment date: 30 July 2026. Trailing yield: 23%. Within top quartile of Vietnamese dividend payers (8.3%). Higher than average of industry peers (2.7%).New Risk • Jul 07New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₫253.5b (US$9.63m) This is considered a major 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 High level of non-cash earnings (187% accrual ratio). Market cap is less than US$10m (₫253.5b market cap, or US$9.63m). Minor Risk Revenue is less than US$5m (₫50b revenue, or US$1.9m).Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫22,300, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 20x in the Hospitality industry in Vietnam. Negligible returns to shareholders over past three years.Declared Dividend • Jun 18Dividend of ₫1,100 announcedShareholders will receive a dividend of ₫1,100. Ex-date: 16th July 2026 Payment date: 30th July 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.1%. Sustainability & Growth The dividend has increased by an average of 128% per year over the past 3 years and payments have been stable during that time.Declared Dividend • Jun 12Dividend of ₫1,100 announcedShareholders will receive a dividend of ₫1,100. Ex-date: 16th July 2026 Payment date: 30th July 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.1%. Sustainability & Growth The dividend has increased by an average of 128% per year over the past 3 years and payments have been stable during that time.最新情報をもっと見るRecent updatesReported Earnings • Jul 23Second quarter 2026 earnings released: EPS: ₫298 (vs ₫221 in 2Q 2025)Second quarter 2026 results: EPS: ₫298 (up from ₫221 in 2Q 2025). Revenue: ₫12.7b (up 2.9% from 2Q 2025). Net income: ₫3.69b (up 35% from 2Q 2025). Profit margin: 29% (up from 22% in 2Q 2025). The increase in margin was primarily driven by lower expenses.Upcoming Dividend • Jul 09Upcoming dividend of ₫1,100 per shareEligible shareholders must have bought the stock before 16 July 2026. Payment date: 30 July 2026. Trailing yield: 23%. Within top quartile of Vietnamese dividend payers (8.3%). Higher than average of industry peers (2.7%).New Risk • Jul 07New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₫253.5b (US$9.63m) This is considered a major 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 High level of non-cash earnings (187% accrual ratio). Market cap is less than US$10m (₫253.5b market cap, or US$9.63m). Minor Risk Revenue is less than US$5m (₫50b revenue, or US$1.9m).Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫22,300, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 20x in the Hospitality industry in Vietnam. Negligible returns to shareholders over past three years.Declared Dividend • Jun 18Dividend of ₫1,100 announcedShareholders will receive a dividend of ₫1,100. Ex-date: 16th July 2026 Payment date: 30th July 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.1%. Sustainability & Growth The dividend has increased by an average of 128% per year over the past 3 years and payments have been stable during that time.Declared Dividend • Jun 12Dividend of ₫1,100 announcedShareholders will receive a dividend of ₫1,100. Ex-date: 16th July 2026 Payment date: 30th July 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.1%. Sustainability & Growth The dividend has increased by an average of 128% per year over the past 3 years and payments have been stable during that time.お知らせ • Jun 11Saigon Hotel Corporation announces Annual dividend, payable on July 30, 2026Saigon Hotel Corporation announced Annual dividend of VND 1100.0000 per share payable on July 30, 2026, ex-date on July 16, 2026 and record date on July 17, 2026.お知らせ • May 16Saigon Hotel Corporation, Annual General Meeting, Jun 30, 2026Saigon Hotel Corporation, Annual General Meeting, Jun 30, 2026. Location: level 10, sai gon hotel, 41-47 dong du, sai gon ward, ho chi minh city VietnamReported Earnings • May 08First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: ₫12.9b (up 5.9% from 1Q 2025). Net income: ₫5.28b (up 12% from 1Q 2025). Profit margin: 41% (up from 39% in 1Q 2025). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Apr 02Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₫19,200, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 16x in the Hospitality industry in Vietnam. Total loss to shareholders of 9.7% over the past three years.Valuation Update With 7 Day Price Move • Mar 12Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫20,400, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 15x in the Hospitality industry in Vietnam. Total loss to shareholders of 9.5% over the past three years.Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫21,700, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 15x in the Hospitality industry in Vietnam. Total loss to shareholders of 18% over the past three years.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫20,500, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 13x in the Hospitality industry in Vietnam. Total loss to shareholders of 58% over the past three years.New Risk • Feb 04New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₫253.5b (US$9.63m) This is considered a major 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 Shares are highly illiquid. High level of non-cash earnings (283% accrual ratio). Market cap is less than US$10m (₫253.5b market cap, or US$9.63m). Minor Risk Revenue is less than US$5m (₫50b revenue, or US$1.9m).Reported Earnings • Oct 22Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: ₫334. Revenue: ₫11.3b (up 8.9% from 3Q 2024). Net income: ₫4.13b (up 56% from 3Q 2024). Profit margin: 37% (up from 26% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫26,400, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 23x in the Hospitality industry in Vietnam. Total returns to shareholders of 19% over the past three years.Upcoming Dividend • Jul 01Upcoming dividend of ₫700 per shareEligible shareholders must have bought the stock before 08 July 2025. Payment date: 21 July 2025. Trailing yield: 22%. Within top quartile of Vietnamese dividend payers (7.8%). Higher than average of industry peers (1.9%).Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫22,000, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 11x in the Hospitality industry in Vietnam. Total loss to shareholders of 25% over the past three years.お知らせ • Jun 04Saigon Hotel Corporation, Annual General Meeting, Jun 19, 2025Saigon Hotel Corporation, Annual General Meeting, Jun 19, 2025, at 08:30 SE Asia Standard Time. Location: 10th floor, saigon hotel, 41-47 dong du, ben nghe ward, district 1, ho chi minh VietnamDeclared Dividend • May 28Dividend reduced to ₫700Dividend of ₫700 is 85% lower than last year. Ex-date: 8th July 2025 Payment date: 21st July 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.1%. Sustainability & Growth The dividend has increased by an average of 245% per year over the past 2 years and payments have been stable during that time.お知らせ • May 27Saigon Hotel Corporation announces Annual dividend, payable on July 21, 2025Saigon Hotel Corporation announced Annual dividend of VND 700.0000 per share payable on July 21, 2025, ex-date on July 08, 2025 and record date on July 09, 2025.Board Change • May 09No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 • Apr 22First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: ₫12.2b (up 15% from 1Q 2024). Net income: ₫4.72b (up 9.5% from 1Q 2024). Profit margin: 39% (down from 41% in 1Q 2024). The decrease in margin was driven by higher expenses.Board Change • Apr 14No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.New Risk • Apr 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 20% Last year net profit margin: 36% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Profit margins are more than 30% lower than last year (20% net profit margin). Revenue is less than US$5m (₫45b revenue, or US$1.7m). Market cap is less than US$100m (₫370.9b market cap, or US$14.1m).Board Change • Feb 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 21Full year 2024 earnings releasedFull year 2024 results: Revenue: ₫45.3b (up 7.3% from FY 2023). Net income: ₫14.2b (down 22% from FY 2023). Profit margin: 31% (down from 43% in FY 2023). The decrease in margin was driven by higher expenses.Board Change • Jan 03No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₫29,000, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 22x in the Hospitality industry in Vietnam. Total loss to shareholders of 11% over the past three years.Reported Earnings • Oct 19Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₫10.3b (down 4.9% from 3Q 2023). Net income: ₫2.65b (down 39% from 3Q 2023). Profit margin: 26% (down from 40% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.Valuation Update With 7 Day Price Move • Sep 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₫29,700, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 22x in the Hospitality industry in Vietnam. Total loss to shareholders of 10.0% over the past three years.Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫31,200, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 22x in the Hospitality industry in Vietnam. Total returns to shareholders of 6.8% over the past three years.Valuation Update With 7 Day Price Move • Jul 29Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫28,600, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 24x in the Hospitality industry in Vietnam. Total loss to shareholders of 15% over the past three years.Buy Or Sell Opportunity • Jul 29Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at ₫28,600. The fair value is estimated to be ₫36,595, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Reported Earnings • Jul 23Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₫10.3b (down 3.0% from 2Q 2023). Net income: ₫2.19b (down 50% from 2Q 2023). Profit margin: 21% (down from 41% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.New Risk • Jul 15New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 14% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 0.7% per year over the past 5 years. High level of non-cash earnings (85% accrual ratio). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Revenue is less than US$5m (₫43b revenue, or US$1.7m). Market cap is less than US$100m (₫435.2b market cap, or US$17.0m).Upcoming Dividend • Jul 05Upcoming dividend of ₫4,760 per shareEligible shareholders must have bought the stock before 11 July 2024. Payment date: 23 July 2024. Trailing yield: 0.9%. Lower than top quartile of Vietnamese dividend payers (8.3%). Lower than average of industry peers (6.0%).Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫35,200, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 23x in the Hospitality industry in Vietnam. Total loss to shareholders of 13% over the past three years.Board Change • Jun 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Board Change • May 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫24,200, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 18x in the Hospitality industry in Vietnam. Total loss to shareholders of 40% over the past three years.Board Change • Feb 05No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Board Change • Dec 29No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Board Change • Nov 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 • Oct 22Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: ₫10.5b (up 17% from 3Q 2022). Net income: ₫4.24b (up 22% from 3Q 2022). Profit margin: 41% (up from 39% in 3Q 2022). The increase in margin was driven by higher revenue.Board Change • Aug 18No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 • Jul 21Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: ₫10.6b (up 72% from 2Q 2022). Net income: ₫4.39b (up 268% from 2Q 2022). Profit margin: 41% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue.Upcoming Dividend • Jul 10Upcoming dividend of ₫400 per shareEligible shareholders must have bought the stock before 17 July 2023. Payment date: 28 July 2023. The company last paid an ordinary dividend in April 2013. The average dividend yield among industry peers is 1.1%.Reported Earnings • May 10First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: ₫9.84b (up 108% from 1Q 2022). Net income: ₫5.06b (up 349% from 1Q 2022). Profit margin: 52% (up from 24% in 1Q 2022). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₫43,200, the stock trades at a trailing P/E ratio of 59.7x. Average trailing P/E is 36x in the Hospitality industry in Vietnam. Total returns to shareholders of 14% over the past three years.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫57,600, the stock trades at a trailing P/E ratio of 79.6x. Average trailing P/E is 36x in the Hospitality industry in Vietnam. Total returns to shareholders of 52% over the past three years.Board Change • Feb 08No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₫35,000, the stock trades at a trailing P/E ratio of 66.1x. Average trailing P/E is 25x in the Hospitality industry in Asia. Total loss to shareholders of 20% over the past three years.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 • Oct 25Third quarter 2022 earnings released: EPS: ₫282 (vs ₫283 in 3Q 2021)Third quarter 2022 results: EPS: ₫282 (down from ₫283 in 3Q 2021). Revenue: ₫8.93b (down 15% from 3Q 2021). Net income: ₫3.49b (flat on 3Q 2021). Profit margin: 39% (up from 33% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance.Board Change • Oct 13No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Board Change • Sep 22No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Board Change • Jul 29No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 • Jul 23Second quarter 2022 earnings released: EPS: ₫97.00 (vs ₫5.00 in 2Q 2021)Second quarter 2022 results: EPS: ₫97.00 (up from ₫5.00 in 2Q 2021). Revenue: ₫6.18b (up 90% from 2Q 2021). Net income: ₫1.19b (up ₫1.13b from 2Q 2021). Profit margin: 19% (up from 1.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₫25,200, the stock trades at a trailing P/E ratio of 70.4x. Average trailing P/E is 28x in the Hospitality industry in Asia. Total loss to shareholders of 57% over the past three years.Board Change • Jun 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.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. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 26Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ₫358 (up from ₫355 in FY 2020). Revenue: ₫17.9b (up 2.0% from FY 2020). Net income: ₫4.43b (flat on FY 2020). Profit margin: 25% (in line with FY 2020). Revenue was in line with analyst estimates.Board Change • Jan 26No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Board Change • Dec 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₫43,800, the stock is trading at a trailing P/E ratio of 26.3x, up from the previous P/E ratio of 22x. This compares to an average P/E of 53x in the Hospitality industry in Vietnam. Total returns to shareholders over the past year were flat.Valuation Update With 7 Day Price Move • Oct 30Market bids up stock over the past weekAfter last week's 17% share price gain to ₫44,000, the stock is trading at a trailing P/E ratio of 43.7x, up from the previous P/E ratio of 37.4x. This compares to an average P/E of 32x in the Hospitality industry in Vietnam. Total returns to shareholders over the past three years are 16%.Valuation Update With 7 Day Price Move • Oct 28Market bids up stock over the past weekAfter last week's 18% share price gain to ₫40,500, the stock is trading at a trailing P/E ratio of 40.3x, up from the previous P/E ratio of 34x. This compares to an average P/E of 31x in the Hospitality industry in Vietnam. Total returns to shareholders over the past three years are 6.7%.株主還元SGHVN HospitalityVN 市場7D0%6.0%2.5%1Yn/a-3.9%14.8%株主還元を見る業界別リターン: SGHがVN Hospitality業界に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。リターン対市場: SGH VN市場に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。価格変動Is SGH's price volatile compared to industry and market?SGH volatilitySGH Average Weekly Movementn/aHospitality Industry Average Movement4.9%Market Average Movement4.2%10% most volatile stocks in VN Market7.2%10% least volatile stocks in VN Market2.3%安定した株価: SGHの株価は、 VN市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 過去 1 年間のSGHのボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト196876Binh Vowww.saigonhotel.com.vnサイゴン・ホテル・コーポレーションは、ベトナムのホーチミン市で、ビジネスおよびレジャー旅行者向けのサイゴン・ホテルを運営しています。スイートルームや客室、会議室やボールルーム、レストランやバーのほか、コンシェルジュサービス、フィットネスセンター、CIRCOコワーキングスペースなどのサービスを提供している。サイゴン・ホテル・コーポレーションは1968年に設立され、ベトナムのホーチミンを拠点としている。もっと見るSaigon Hotel Corporation 基礎のまとめSaigon Hotel の収益と売上を時価総額と比較するとどうか。SGH 基礎統計学時価総額₫218.84b収益（TTM）₫15.21b売上高(TTM)₫50.64b14.4xPER（株価収益率4.3xP/SレシオSGH 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SGH 損益計算書（TTM）収益₫50.64b売上原価₫27.22b売上総利益₫23.41bその他の費用₫8.20b収益₫15.21b直近の収益報告Jun 30, 2026次回決算日該当なし一株当たり利益（EPS）1.23kグロス・マージン46.24%純利益率30.04%有利子負債／自己資本比率0%SGH 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6.2%現在の配当利回り89%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2026/07/31 06:17終値2026/07/16 00:00収益2026/06/30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Saigon Hotel Corporation 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
Reported Earnings • Jul 23Second quarter 2026 earnings released: EPS: ₫298 (vs ₫221 in 2Q 2025)Second quarter 2026 results: EPS: ₫298 (up from ₫221 in 2Q 2025). Revenue: ₫12.7b (up 2.9% from 2Q 2025). Net income: ₫3.69b (up 35% from 2Q 2025). Profit margin: 29% (up from 22% in 2Q 2025). The increase in margin was primarily driven by lower expenses.
Upcoming Dividend • Jul 09Upcoming dividend of ₫1,100 per shareEligible shareholders must have bought the stock before 16 July 2026. Payment date: 30 July 2026. Trailing yield: 23%. Within top quartile of Vietnamese dividend payers (8.3%). Higher than average of industry peers (2.7%).
New Risk • Jul 07New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₫253.5b (US$9.63m) This is considered a major 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 High level of non-cash earnings (187% accrual ratio). Market cap is less than US$10m (₫253.5b market cap, or US$9.63m). Minor Risk Revenue is less than US$5m (₫50b revenue, or US$1.9m).
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫22,300, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 20x in the Hospitality industry in Vietnam. Negligible returns to shareholders over past three years.
Declared Dividend • Jun 18Dividend of ₫1,100 announcedShareholders will receive a dividend of ₫1,100. Ex-date: 16th July 2026 Payment date: 30th July 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.1%. Sustainability & Growth The dividend has increased by an average of 128% per year over the past 3 years and payments have been stable during that time.
Declared Dividend • Jun 12Dividend of ₫1,100 announcedShareholders will receive a dividend of ₫1,100. Ex-date: 16th July 2026 Payment date: 30th July 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.1%. Sustainability & Growth The dividend has increased by an average of 128% per year over the past 3 years and payments have been stable during that time.
Reported Earnings • Jul 23Second quarter 2026 earnings released: EPS: ₫298 (vs ₫221 in 2Q 2025)Second quarter 2026 results: EPS: ₫298 (up from ₫221 in 2Q 2025). Revenue: ₫12.7b (up 2.9% from 2Q 2025). Net income: ₫3.69b (up 35% from 2Q 2025). Profit margin: 29% (up from 22% in 2Q 2025). The increase in margin was primarily driven by lower expenses.
Upcoming Dividend • Jul 09Upcoming dividend of ₫1,100 per shareEligible shareholders must have bought the stock before 16 July 2026. Payment date: 30 July 2026. Trailing yield: 23%. Within top quartile of Vietnamese dividend payers (8.3%). Higher than average of industry peers (2.7%).
New Risk • Jul 07New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₫253.5b (US$9.63m) This is considered a major 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 High level of non-cash earnings (187% accrual ratio). Market cap is less than US$10m (₫253.5b market cap, or US$9.63m). Minor Risk Revenue is less than US$5m (₫50b revenue, or US$1.9m).
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫22,300, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 20x in the Hospitality industry in Vietnam. Negligible returns to shareholders over past three years.
Declared Dividend • Jun 18Dividend of ₫1,100 announcedShareholders will receive a dividend of ₫1,100. Ex-date: 16th July 2026 Payment date: 30th July 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.1%. Sustainability & Growth The dividend has increased by an average of 128% per year over the past 3 years and payments have been stable during that time.
Declared Dividend • Jun 12Dividend of ₫1,100 announcedShareholders will receive a dividend of ₫1,100. Ex-date: 16th July 2026 Payment date: 30th July 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.1%. Sustainability & Growth The dividend has increased by an average of 128% per year over the past 3 years and payments have been stable during that time.
お知らせ • Jun 11Saigon Hotel Corporation announces Annual dividend, payable on July 30, 2026Saigon Hotel Corporation announced Annual dividend of VND 1100.0000 per share payable on July 30, 2026, ex-date on July 16, 2026 and record date on July 17, 2026.
お知らせ • May 16Saigon Hotel Corporation, Annual General Meeting, Jun 30, 2026Saigon Hotel Corporation, Annual General Meeting, Jun 30, 2026. Location: level 10, sai gon hotel, 41-47 dong du, sai gon ward, ho chi minh city Vietnam
Reported Earnings • May 08First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: ₫12.9b (up 5.9% from 1Q 2025). Net income: ₫5.28b (up 12% from 1Q 2025). Profit margin: 41% (up from 39% in 1Q 2025). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Apr 02Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₫19,200, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 16x in the Hospitality industry in Vietnam. Total loss to shareholders of 9.7% over the past three years.
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫20,400, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 15x in the Hospitality industry in Vietnam. Total loss to shareholders of 9.5% over the past three years.
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫21,700, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 15x in the Hospitality industry in Vietnam. Total loss to shareholders of 18% over the past three years.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫20,500, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 13x in the Hospitality industry in Vietnam. Total loss to shareholders of 58% over the past three years.
New Risk • Feb 04New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₫253.5b (US$9.63m) This is considered a major 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 Shares are highly illiquid. High level of non-cash earnings (283% accrual ratio). Market cap is less than US$10m (₫253.5b market cap, or US$9.63m). Minor Risk Revenue is less than US$5m (₫50b revenue, or US$1.9m).
Reported Earnings • Oct 22Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: ₫334. Revenue: ₫11.3b (up 8.9% from 3Q 2024). Net income: ₫4.13b (up 56% from 3Q 2024). Profit margin: 37% (up from 26% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫26,400, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 23x in the Hospitality industry in Vietnam. Total returns to shareholders of 19% over the past three years.
Upcoming Dividend • Jul 01Upcoming dividend of ₫700 per shareEligible shareholders must have bought the stock before 08 July 2025. Payment date: 21 July 2025. Trailing yield: 22%. Within top quartile of Vietnamese dividend payers (7.8%). Higher than average of industry peers (1.9%).
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫22,000, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 11x in the Hospitality industry in Vietnam. Total loss to shareholders of 25% over the past three years.
お知らせ • Jun 04Saigon Hotel Corporation, Annual General Meeting, Jun 19, 2025Saigon Hotel Corporation, Annual General Meeting, Jun 19, 2025, at 08:30 SE Asia Standard Time. Location: 10th floor, saigon hotel, 41-47 dong du, ben nghe ward, district 1, ho chi minh Vietnam
Declared Dividend • May 28Dividend reduced to ₫700Dividend of ₫700 is 85% lower than last year. Ex-date: 8th July 2025 Payment date: 21st July 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.1%. Sustainability & Growth The dividend has increased by an average of 245% per year over the past 2 years and payments have been stable during that time.
お知らせ • May 27Saigon Hotel Corporation announces Annual dividend, payable on July 21, 2025Saigon Hotel Corporation announced Annual dividend of VND 700.0000 per share payable on July 21, 2025, ex-date on July 08, 2025 and record date on July 09, 2025.
Board Change • May 09No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 • Apr 22First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: ₫12.2b (up 15% from 1Q 2024). Net income: ₫4.72b (up 9.5% from 1Q 2024). Profit margin: 39% (down from 41% in 1Q 2024). The decrease in margin was driven by higher expenses.
Board Change • Apr 14No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
New Risk • Apr 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 20% Last year net profit margin: 36% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Profit margins are more than 30% lower than last year (20% net profit margin). Revenue is less than US$5m (₫45b revenue, or US$1.7m). Market cap is less than US$100m (₫370.9b market cap, or US$14.1m).
Board Change • Feb 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 21Full year 2024 earnings releasedFull year 2024 results: Revenue: ₫45.3b (up 7.3% from FY 2023). Net income: ₫14.2b (down 22% from FY 2023). Profit margin: 31% (down from 43% in FY 2023). The decrease in margin was driven by higher expenses.
Board Change • Jan 03No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₫29,000, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 22x in the Hospitality industry in Vietnam. Total loss to shareholders of 11% over the past three years.
Reported Earnings • Oct 19Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₫10.3b (down 4.9% from 3Q 2023). Net income: ₫2.65b (down 39% from 3Q 2023). Profit margin: 26% (down from 40% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
Valuation Update With 7 Day Price Move • Sep 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₫29,700, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 22x in the Hospitality industry in Vietnam. Total loss to shareholders of 10.0% over the past three years.
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫31,200, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 22x in the Hospitality industry in Vietnam. Total returns to shareholders of 6.8% over the past three years.
Valuation Update With 7 Day Price Move • Jul 29Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫28,600, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 24x in the Hospitality industry in Vietnam. Total loss to shareholders of 15% over the past three years.
Buy Or Sell Opportunity • Jul 29Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at ₫28,600. The fair value is estimated to be ₫36,595, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Reported Earnings • Jul 23Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₫10.3b (down 3.0% from 2Q 2023). Net income: ₫2.19b (down 50% from 2Q 2023). Profit margin: 21% (down from 41% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
New Risk • Jul 15New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 14% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 0.7% per year over the past 5 years. High level of non-cash earnings (85% accrual ratio). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Revenue is less than US$5m (₫43b revenue, or US$1.7m). Market cap is less than US$100m (₫435.2b market cap, or US$17.0m).
Upcoming Dividend • Jul 05Upcoming dividend of ₫4,760 per shareEligible shareholders must have bought the stock before 11 July 2024. Payment date: 23 July 2024. Trailing yield: 0.9%. Lower than top quartile of Vietnamese dividend payers (8.3%). Lower than average of industry peers (6.0%).
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫35,200, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 23x in the Hospitality industry in Vietnam. Total loss to shareholders of 13% over the past three years.
Board Change • Jun 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Board Change • May 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫24,200, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 18x in the Hospitality industry in Vietnam. Total loss to shareholders of 40% over the past three years.
Board Change • Feb 05No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Board Change • Dec 29No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Board Change • Nov 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 • Oct 22Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: ₫10.5b (up 17% from 3Q 2022). Net income: ₫4.24b (up 22% from 3Q 2022). Profit margin: 41% (up from 39% in 3Q 2022). The increase in margin was driven by higher revenue.
Board Change • Aug 18No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 • Jul 21Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: ₫10.6b (up 72% from 2Q 2022). Net income: ₫4.39b (up 268% from 2Q 2022). Profit margin: 41% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue.
Upcoming Dividend • Jul 10Upcoming dividend of ₫400 per shareEligible shareholders must have bought the stock before 17 July 2023. Payment date: 28 July 2023. The company last paid an ordinary dividend in April 2013. The average dividend yield among industry peers is 1.1%.
Reported Earnings • May 10First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: ₫9.84b (up 108% from 1Q 2022). Net income: ₫5.06b (up 349% from 1Q 2022). Profit margin: 52% (up from 24% in 1Q 2022). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₫43,200, the stock trades at a trailing P/E ratio of 59.7x. Average trailing P/E is 36x in the Hospitality industry in Vietnam. Total returns to shareholders of 14% over the past three years.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫57,600, the stock trades at a trailing P/E ratio of 79.6x. Average trailing P/E is 36x in the Hospitality industry in Vietnam. Total returns to shareholders of 52% over the past three years.
Board Change • Feb 08No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₫35,000, the stock trades at a trailing P/E ratio of 66.1x. Average trailing P/E is 25x in the Hospitality industry in Asia. Total loss to shareholders of 20% over the past three years.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 • Oct 25Third quarter 2022 earnings released: EPS: ₫282 (vs ₫283 in 3Q 2021)Third quarter 2022 results: EPS: ₫282 (down from ₫283 in 3Q 2021). Revenue: ₫8.93b (down 15% from 3Q 2021). Net income: ₫3.49b (flat on 3Q 2021). Profit margin: 39% (up from 33% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance.
Board Change • Oct 13No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Board Change • Sep 22No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Board Change • Jul 29No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 • Jul 23Second quarter 2022 earnings released: EPS: ₫97.00 (vs ₫5.00 in 2Q 2021)Second quarter 2022 results: EPS: ₫97.00 (up from ₫5.00 in 2Q 2021). Revenue: ₫6.18b (up 90% from 2Q 2021). Net income: ₫1.19b (up ₫1.13b from 2Q 2021). Profit margin: 19% (up from 1.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₫25,200, the stock trades at a trailing P/E ratio of 70.4x. Average trailing P/E is 28x in the Hospitality industry in Asia. Total loss to shareholders of 57% over the past three years.
Board Change • Jun 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
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. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. 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 26Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ₫358 (up from ₫355 in FY 2020). Revenue: ₫17.9b (up 2.0% from FY 2020). Net income: ₫4.43b (flat on FY 2020). Profit margin: 25% (in line with FY 2020). Revenue was in line with analyst estimates.
Board Change • Jan 26No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Board Change • Dec 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman Ly Dao was the last director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₫43,800, the stock is trading at a trailing P/E ratio of 26.3x, up from the previous P/E ratio of 22x. This compares to an average P/E of 53x in the Hospitality industry in Vietnam. Total returns to shareholders over the past year were flat.
Valuation Update With 7 Day Price Move • Oct 30Market bids up stock over the past weekAfter last week's 17% share price gain to ₫44,000, the stock is trading at a trailing P/E ratio of 43.7x, up from the previous P/E ratio of 37.4x. This compares to an average P/E of 32x in the Hospitality industry in Vietnam. Total returns to shareholders over the past three years are 16%.
Valuation Update With 7 Day Price Move • Oct 28Market bids up stock over the past weekAfter last week's 18% share price gain to ₫40,500, the stock is trading at a trailing P/E ratio of 40.3x, up from the previous P/E ratio of 34x. This compares to an average P/E of 31x in the Hospitality industry in Vietnam. Total returns to shareholders over the past three years are 6.7%.
