Vietnam Maritime Development（VMS）株式概要Vietnam Maritime Development Joint Stock Company社は、ベトナム国内および国際的な様々な海港で、発着所、オフィス、ドライコンテナの建設とレンタルを行っている。 詳細VMS ファンダメンタル分析スノーフレーク・スコア評価0/6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0/6報酬過去5年間の収益は年間11.1%増加しました。 リスク分析高いレベルの非現金収入 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 ( ₫405B )すべてのリスクチェックを見るVMS Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW476,782 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 NarrativeBLINRODA476,782 investors already sharing narrativesYour Fair Value₫Current Price₫45.00k31.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2b392b2016201920222025202620282031Revenue ₫391.8bEarnings ₫19.0bAdvancedSet Fair ValueView all narrativesVietnam Maritime Development Joint Stock Company 競合他社Cam Ranh PortSymbol: HNX:CCRMarket cap: ₫342.4bMacstar GroupSymbol: HNX:MACMarket cap: ₫589.9bNghe Tinh PortSymbol: HNX:NAPMarket cap: ₫232.4bCat Lai PortSymbol: HOSE:CLLMarket cap: ₫935.0b価格と性能株価の高値、安値、推移の概要Vietnam Maritime Development過去の株価現在の株価₫45,000.0052週高値₫66,600.0052週安値₫21,800.00ベータ1.141ヶ月の変化-16.82%3ヶ月変化-19.64%1年変化104.55%3年間の変化50.00%5年間の変化309.09%IPOからの変化181.25%最新ニュースBoard Change • Jul 16No 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. 5 non-independent directors. Member of Supervisory Board Trang Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jun 23No 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. 5 non-independent directors. Member of Supervisory Board Trang Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jun 18Vietnam Maritime Development Joint Stock Company announces Annual dividend, payable on July 10, 2026Vietnam Maritime Development Joint Stock Company announced Annual dividend of VND 650.0000 per share payable on July 10, 2026, ex-date on June 29, 2026 and record date on June 30, 2026.Board Change • Jun 08No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • May 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% 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 Shares are highly illiquid. High level of non-cash earnings (20% accrual ratio). Minor Risk Market cap is less than US$100m (₫539.1b market cap, or US$20.5m).Board Change • May 21No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.最新情報をもっと見るRecent updatesBoard Change • Jul 16No 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. 5 non-independent directors. Member of Supervisory Board Trang Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jun 23No 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. 5 non-independent directors. Member of Supervisory Board Trang Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jun 18Vietnam Maritime Development Joint Stock Company announces Annual dividend, payable on July 10, 2026Vietnam Maritime Development Joint Stock Company announced Annual dividend of VND 650.0000 per share payable on July 10, 2026, ex-date on June 29, 2026 and record date on June 30, 2026.Board Change • Jun 08No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • May 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% 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 Shares are highly illiquid. High level of non-cash earnings (20% accrual ratio). Minor Risk Market cap is less than US$100m (₫539.1b market cap, or US$20.5m).Board Change • May 21No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Mar 23New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.4% Last year net profit margin: 7.2% 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (₫540.0b market cap, or US$20.5m).Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫63,000, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 393% over the past three years.Board Change • Mar 03No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 13Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Apr 10, 2026Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Apr 10, 2026. Location: hai phong city VietnamValuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫60,700, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 319% over the past three years.Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 32%After last week's 32% share price gain to ₫52,800, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 217% over the past three years.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫30,500, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 80% over the past three years.New Risk • Dec 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₫262.8b (US$9.99m) 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. Market cap is less than US$10m (₫262.8b market cap, or US$9.99m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Dec 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫29,200, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 93% over the past three years.Board Change • Nov 24No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Sep 25No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. 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 • Sep 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫33,000, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 200% over the past three years.Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: ₫487 (vs ₫426 in 2Q 2024)Second quarter 2025 results: EPS: ₫487 (up from ₫426 in 2Q 2024). Revenue: ₫73.7b (up 30% from 2Q 2024). Net income: ₫4.38b (up 14% from 2Q 2024). Profit margin: 6.0% (down from 6.8% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫29,000, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 175% over the past three years.Valuation Update With 7 Day Price Move • Jul 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₫22,000, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 107% over the past three years.Buy Or Sell Opportunity • Jul 30Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to ₫22,000. The fair value is estimated to be ₫16,722, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₫22,000, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 97% over the past three years.Buy Or Sell Opportunity • Jul 10Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 4.5% to ₫20,700. The fair value is estimated to be ₫16,779, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫18,700, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 83% over the past three years.Upcoming Dividend • Jun 04Upcoming dividend of ₫800 per shareEligible shareholders must have bought the stock before 11 June 2025. Payment date: 24 June 2025. Trailing yield: 5.5%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (4.6%).Buy Or Sell Opportunity • Jun 03Now 21% overvaluedOver the last 90 days, the stock has fallen 13% to ₫19,900. The fair value is estimated to be ₫16,435, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Valuation Update With 7 Day Price Move • May 26Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫19,000, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 71% over the past three years.Reported Earnings • Apr 23First quarter 2025 earnings released: EPS: ₫354 (vs ₫408 in 1Q 2024)First quarter 2025 results: EPS: ₫354 (down from ₫408 in 1Q 2024). Revenue: ₫64.4b (up 34% from 1Q 2024). Net income: ₫3.19b (down 13% from 1Q 2024). Profit margin: 5.0% (down from 7.6% in 1Q 2024).Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫22,300, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 110% over the past three years.Buy Or Sell Opportunity • Apr 10Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to ₫18,000. The fair value is estimated to be ₫22,697, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Board Change • Mar 31No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • Mar 13Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 31% to ₫25,400. The fair value is estimated to be ₫20,455, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫21,000, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 79% over the past three years.お知らせ • Mar 06Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Mar 28, 2025Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Mar 28, 2025, at 08:30 SE Asia Standard Time. Location: han river hotel, no. 14, ly tu trong street, hai chau district, da nang VietnamValuation Update With 7 Day Price Move • Feb 18Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫19,600, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 72% over the past three years.New Risk • Feb 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (₫223.2b market cap, or US$8.93m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Feb 05Full year 2024 earnings released: EPS: ₫1,708 (vs ₫1,612 in FY 2023)Full year 2024 results: EPS: ₫1,708 (up from ₫1,612 in FY 2023). Revenue: ₫213.8b (up 31% from FY 2023). Net income: ₫15.4b (up 6.0% from FY 2023). Profit margin: 7.2% (down from 8.9% in FY 2023). The decrease in margin was driven by higher expenses.Board Change • Feb 05Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Jan 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫19,600, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 45% over the past three years.Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫21,400, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 63% over the past three years.Board Change • Dec 05Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫18,400, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 41% over the past three years.New Risk • Oct 23New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended September 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue has declined by 31% over the past year. High level of non-cash earnings (62% accrual ratio). Market cap is less than US$10m (₫199.8b market cap, or US$7.79m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₫20,400, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 88% over the past three years.Valuation Update With 7 Day Price Move • Oct 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫23,800, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 82% over the past three years.New Risk • Sep 30New major risk - Revenue and earnings growthRevenue has declined by 31% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 31% over the past year. High level of non-cash earnings (62% accrual ratio). Market cap is less than US$10m (₫180.9b market cap, or US$7.42m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Valuation Update With 7 Day Price Move • Sep 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫19,900, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 87% over the past three years.お知らせ • Aug 30An undisclosed buyer acquired 51% stake in Vietnam Maritime Development Joint Stock Company (HNX:VMS) from Vietnam Maritime Corporation - Joint Stock Company.An undisclosed buyer acquired 51% stake in Vietnam Maritime Development Joint Stock Company (HNX:VMS) from Vietnam Maritime Corporation - Joint Stock Company on August 5, 2024. An undisclosed buyer completed the acquisition of 51% stake in Vietnam Maritime Development Joint Stock Company (HNX:VMS) from Vietnam Maritime Corporation - Joint Stock Company on August 5, 2024.Upcoming Dividend • Jun 18Upcoming dividend of ₫1,140 per shareEligible shareholders must have bought the stock before 25 June 2024. Payment date: 09 July 2024. Trailing yield: 4.7%. Lower than top quartile of Vietnamese dividend payers (8.5%). Higher than average of industry peers (4.1%).Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₫26,300, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 200% over the past three years.Valuation Update With 7 Day Price Move • Apr 12Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₫24,200, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 220% over the past three years.New Risk • Apr 11New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₫238.5b (US$9.54m) 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 (62% accrual ratio). Market cap is less than US$10m (₫238.5b market cap, or US$9.54m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Board Change • Mar 21Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Feb 27Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Feb 06Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Jan 02Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₫35,000, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 536% over the past three years.Upcoming Dividend • Dec 02Upcoming dividend of ₫1,000 per share at 4.0% yieldEligible shareholders must have bought the stock before 07 December 2023. Payment date: 22 December 2023. Trailing yield: 4.0%. Lower than top quartile of Vietnamese dividend payers (9.0%). In line with average of industry peers (3.9%).Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫33,300, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 372% over the past three years.Board Change • Nov 01Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 24Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: ₫42.4b (down 14% from 3Q 2022). Net income: ₫4.69b (up 28% from 3Q 2022). Profit margin: 11% (up from 7.4% in 3Q 2022). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 27%After last week's 27% share price gain to ₫34,600, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 603% over the past three years.Reported Earnings • Jul 29Second quarter 2023 earnings releasedSecond quarter 2023 results: EPS: ₫488. Revenue: ₫37.1b (down 48% from 2Q 2022). Net income: ₫4.40b (up 138% from 2Q 2022). Profit margin: 12% (up from 2.6% in 2Q 2022). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫23,800, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 18x in the Infrastructure industry in Vietnam. Total returns to shareholders of 383% over the past three years.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫20,000, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 387% over the past three years.Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫19,200, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 297% over the past three years.Valuation Update With 7 Day Price Move • Apr 26Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫14,800, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 216% over the past three years.Board Change • Apr 20Less than half of directors are independentThere are 4 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: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Head of Board of Supervisor Thuy Thi Tran is the most experienced director on the board, commencing their role in 2020. Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫18,300, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 346% over the past three years.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₫14,300, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 248% over the past three years.Valuation Update With 7 Day Price Move • Feb 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫16,200, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 266% over the past three years.Valuation Update With 7 Day Price Move • Jan 16Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to ₫14,100, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 112% over the past three years.Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₫10,700, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 74% over the past three years.Board Change • Nov 16Less than half of directors are independentThere are 4 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: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Head of Board of Supervisor Thuy Thi Tran is the most experienced director on the board, commencing their role in 2020. Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₫10,500, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 104% over the past three years.Buying Opportunity • Oct 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be ₫11,329, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%.Reported Earnings • Oct 27Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: ₫406. Revenue: ₫49.4b (flat on 3Q 2021). Net income: ₫3.65b (up 65% from 3Q 2021). Profit margin: 7.4% (up from 4.5% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₫9,900, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 92% over the past three years.Upcoming Dividend • Sep 16Upcoming dividend of ₫800 per shareEligible shareholders must have bought the stock before 23 September 2022. Payment date: 10 October 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.3%. Lower than top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (3.8%).Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₫13,400, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 94% over the past three years.Reported Earnings • Aug 02Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ₫71.2b (up 12% from 2Q 2021). Net income: ₫1.85b (up 46% from 2Q 2021). Profit margin: 2.6% (up from 2.0% in 2Q 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₫13,000, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 106% over the past three years.Reported Earnings • May 02First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: ₫51.3b (down 14% from 1Q 2021). Net income: ₫2.23b (up 44% from 1Q 2021). Profit margin: 4.3% (up from 2.6% in 1Q 2021). The increase in margin was driven by lower expenses.Board Change • Apr 27Less than half of directors are independentThere are 4 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: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Head of Board of Supervisor Thuy Thi Tran is the most experienced director on the board, commencing their role in 2020. Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₫16,500, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 175% over the past three years.Reported Earnings • Mar 29Full year 2021 earnings releasedFull year 2021 results: EPS: ₫1,199. Revenue: ₫221.0b (down 4.8% from FY 2020). Net income: ₫10.8b (down 5.8% from FY 2020). Profit margin: 4.9% (in line with FY 2020).Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₫11,700, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 185% over the past three years.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₫16,500, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 279% over the past three years.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₫15,200, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 270% over the past three years.Reported Earnings • Oct 26Third quarter 2021 earnings releasedThe company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫49.2b (down 19% from 3Q 2020). Net income: ₫2.21b (down 30% from 3Q 2020). Profit margin: 4.5% (down from 5.2% in 3Q 2020). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₫12,800, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 16x in the Infrastructure industry in Vietnam. Total returns to shareholders of 174% over the past three years.Upcoming Dividend • Oct 01Upcoming dividend of ₫1,200 per shareEligible shareholders must have bought the stock before 08 October 2021. Payment date: 26 October 2021. Trailing yield: 7.8%. Within top quartile of Vietnamese dividend payers (6.6%). Higher than average of industry peers (3.6%).Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improved over the past weekAfter last week's 28% share price gain to ₫16,900, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 16x in the Infrastructure industry in Vietnam. Total returns to shareholders of 198% over the past three years.Reported Earnings • Jul 22Second quarter 2021 earnings releasedThe company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ₫63.7b (up 30% from 2Q 2020). Net income: ₫1.26b (down 71% from 2Q 2020). Profit margin: 2.0% (down from 8.9% in 2Q 2020). The decrease in margin was driven by higher expenses.Is New 90 Day High Low • Mar 12New 90-day high: ₫9,100The company is up 36% from its price of ₫6,700 on 07 December 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 9.0% over the same period.Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₫8,900, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 13x in the Infrastructure industry in Vietnam. Total returns to shareholders over the past three years are 14%.株主還元VMSVN InfrastructureVN 市場7D-4.3%1.1%2.5%1Y104.5%-2.8%14.8%株主還元を見る業界別リターン: VMS過去 1 年間で-2.8 % の収益を上げたVN Infrastructure業界を上回りました。リターン対市場: VMS過去 1 年間で14.8 % の収益を上げたVN市場を上回りました。価格変動Is VMS's price volatile compared to industry and market?VMS volatilityVMS Average Weekly Movementn/aInfrastructure Industry Average Movement3.5%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: VMS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VMS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1992115Nhan Phamwww.vimadeco.com.vnVietnam Maritime Development Joint Stock Company（ベトナム海事開発合弁会社）は、ベトナム国内外の様々な海港で、デポ、オフィス、ドライコンテナの建設とレンタルを行っている。また、コンテナ検査・修理サービス、船積み・配送業務も行っている。同社は1992年に設立され、ベトナムのハイフォンに本社を置いている。もっと見るVietnam Maritime Development Joint Stock Company 基礎のまとめVietnam Maritime Development の収益と売上を時価総額と比較するとどうか。VMS 基礎統計学時価総額₫405.00b収益（TTM）₫15.76b売上高(TTM)₫325.01b25.7xPER（株価収益率1.2xP/SレシオVMS 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VMS 損益計算書（TTM）収益₫325.01b売上原価₫286.50b売上総利益₫38.51bその他の費用₫22.75b収益₫15.76b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）1.75kグロス・マージン11.85%純利益率4.85%有利子負債／自己資本比率0%VMS 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1.4%現在の配当利回り37%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2026/07/30 21:55終値2026/07/27 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Vietnam Maritime Development 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
Board Change • Jul 16No 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. 5 non-independent directors. Member of Supervisory Board Trang Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jun 23No 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. 5 non-independent directors. Member of Supervisory Board Trang Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 18Vietnam Maritime Development Joint Stock Company announces Annual dividend, payable on July 10, 2026Vietnam Maritime Development Joint Stock Company announced Annual dividend of VND 650.0000 per share payable on July 10, 2026, ex-date on June 29, 2026 and record date on June 30, 2026.
Board Change • Jun 08No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • May 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% 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 Shares are highly illiquid. High level of non-cash earnings (20% accrual ratio). Minor Risk Market cap is less than US$100m (₫539.1b market cap, or US$20.5m).
Board Change • May 21No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jul 16No 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. 5 non-independent directors. Member of Supervisory Board Trang Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jun 23No 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. 5 non-independent directors. Member of Supervisory Board Trang Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 18Vietnam Maritime Development Joint Stock Company announces Annual dividend, payable on July 10, 2026Vietnam Maritime Development Joint Stock Company announced Annual dividend of VND 650.0000 per share payable on July 10, 2026, ex-date on June 29, 2026 and record date on June 30, 2026.
Board Change • Jun 08No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • May 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% 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 Shares are highly illiquid. High level of non-cash earnings (20% accrual ratio). Minor Risk Market cap is less than US$100m (₫539.1b market cap, or US$20.5m).
Board Change • May 21No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Mar 23New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.4% Last year net profit margin: 7.2% 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (₫540.0b market cap, or US$20.5m).
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫63,000, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 393% over the past three years.
Board Change • Mar 03No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 13Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Apr 10, 2026Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Apr 10, 2026. Location: hai phong city Vietnam
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫60,700, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 319% over the past three years.
Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 32%After last week's 32% share price gain to ₫52,800, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 217% over the past three years.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫30,500, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 80% over the past three years.
New Risk • Dec 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₫262.8b (US$9.99m) 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. Market cap is less than US$10m (₫262.8b market cap, or US$9.99m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Dec 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫29,200, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 93% over the past three years.
Board Change • Nov 24No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Sep 25No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. 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 • Sep 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫33,000, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 200% over the past three years.
Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: ₫487 (vs ₫426 in 2Q 2024)Second quarter 2025 results: EPS: ₫487 (up from ₫426 in 2Q 2024). Revenue: ₫73.7b (up 30% from 2Q 2024). Net income: ₫4.38b (up 14% from 2Q 2024). Profit margin: 6.0% (down from 6.8% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫29,000, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 175% over the past three years.
Valuation Update With 7 Day Price Move • Jul 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₫22,000, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 107% over the past three years.
Buy Or Sell Opportunity • Jul 30Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to ₫22,000. The fair value is estimated to be ₫16,722, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₫22,000, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 97% over the past three years.
Buy Or Sell Opportunity • Jul 10Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 4.5% to ₫20,700. The fair value is estimated to be ₫16,779, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫18,700, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 83% over the past three years.
Upcoming Dividend • Jun 04Upcoming dividend of ₫800 per shareEligible shareholders must have bought the stock before 11 June 2025. Payment date: 24 June 2025. Trailing yield: 5.5%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (4.6%).
Buy Or Sell Opportunity • Jun 03Now 21% overvaluedOver the last 90 days, the stock has fallen 13% to ₫19,900. The fair value is estimated to be ₫16,435, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Valuation Update With 7 Day Price Move • May 26Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫19,000, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 71% over the past three years.
Reported Earnings • Apr 23First quarter 2025 earnings released: EPS: ₫354 (vs ₫408 in 1Q 2024)First quarter 2025 results: EPS: ₫354 (down from ₫408 in 1Q 2024). Revenue: ₫64.4b (up 34% from 1Q 2024). Net income: ₫3.19b (down 13% from 1Q 2024). Profit margin: 5.0% (down from 7.6% in 1Q 2024).
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫22,300, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 110% over the past three years.
Buy Or Sell Opportunity • Apr 10Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to ₫18,000. The fair value is estimated to be ₫22,697, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Board Change • Mar 31No 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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • Mar 13Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 31% to ₫25,400. The fair value is estimated to be ₫20,455, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫21,000, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 79% over the past three years.
お知らせ • Mar 06Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Mar 28, 2025Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Mar 28, 2025, at 08:30 SE Asia Standard Time. Location: han river hotel, no. 14, ly tu trong street, hai chau district, da nang Vietnam
Valuation Update With 7 Day Price Move • Feb 18Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫19,600, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 72% over the past three years.
New Risk • Feb 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (₫223.2b market cap, or US$8.93m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Feb 05Full year 2024 earnings released: EPS: ₫1,708 (vs ₫1,612 in FY 2023)Full year 2024 results: EPS: ₫1,708 (up from ₫1,612 in FY 2023). Revenue: ₫213.8b (up 31% from FY 2023). Net income: ₫15.4b (up 6.0% from FY 2023). Profit margin: 7.2% (down from 8.9% in FY 2023). The decrease in margin was driven by higher expenses.
Board Change • Feb 05Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Jan 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫19,600, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 45% over the past three years.
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫21,400, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 63% over the past three years.
Board Change • Dec 05Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫18,400, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 41% over the past three years.
New Risk • Oct 23New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended September 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue has declined by 31% over the past year. High level of non-cash earnings (62% accrual ratio). Market cap is less than US$10m (₫199.8b market cap, or US$7.79m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₫20,400, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 88% over the past three years.
Valuation Update With 7 Day Price Move • Oct 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫23,800, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 82% over the past three years.
New Risk • Sep 30New major risk - Revenue and earnings growthRevenue has declined by 31% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 31% over the past year. High level of non-cash earnings (62% accrual ratio). Market cap is less than US$10m (₫180.9b market cap, or US$7.42m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫19,900, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 87% over the past three years.
お知らせ • Aug 30An undisclosed buyer acquired 51% stake in Vietnam Maritime Development Joint Stock Company (HNX:VMS) from Vietnam Maritime Corporation - Joint Stock Company.An undisclosed buyer acquired 51% stake in Vietnam Maritime Development Joint Stock Company (HNX:VMS) from Vietnam Maritime Corporation - Joint Stock Company on August 5, 2024. An undisclosed buyer completed the acquisition of 51% stake in Vietnam Maritime Development Joint Stock Company (HNX:VMS) from Vietnam Maritime Corporation - Joint Stock Company on August 5, 2024.
Upcoming Dividend • Jun 18Upcoming dividend of ₫1,140 per shareEligible shareholders must have bought the stock before 25 June 2024. Payment date: 09 July 2024. Trailing yield: 4.7%. Lower than top quartile of Vietnamese dividend payers (8.5%). Higher than average of industry peers (4.1%).
Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₫26,300, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 200% over the past three years.
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₫24,200, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 220% over the past three years.
New Risk • Apr 11New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₫238.5b (US$9.54m) 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 (62% accrual ratio). Market cap is less than US$10m (₫238.5b market cap, or US$9.54m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Board Change • Mar 21Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Feb 27Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Feb 06Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Jan 02Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₫35,000, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 536% over the past three years.
Upcoming Dividend • Dec 02Upcoming dividend of ₫1,000 per share at 4.0% yieldEligible shareholders must have bought the stock before 07 December 2023. Payment date: 22 December 2023. Trailing yield: 4.0%. Lower than top quartile of Vietnamese dividend payers (9.0%). In line with average of industry peers (3.9%).
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫33,300, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 372% over the past three years.
Board Change • Nov 01Less than half of directors are independentNo 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. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 24Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: ₫42.4b (down 14% from 3Q 2022). Net income: ₫4.69b (up 28% from 3Q 2022). Profit margin: 11% (up from 7.4% in 3Q 2022). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 27%After last week's 27% share price gain to ₫34,600, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 603% over the past three years.
Reported Earnings • Jul 29Second quarter 2023 earnings releasedSecond quarter 2023 results: EPS: ₫488. Revenue: ₫37.1b (down 48% from 2Q 2022). Net income: ₫4.40b (up 138% from 2Q 2022). Profit margin: 12% (up from 2.6% in 2Q 2022). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫23,800, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 18x in the Infrastructure industry in Vietnam. Total returns to shareholders of 383% over the past three years.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫20,000, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 387% over the past three years.
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫19,200, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 297% over the past three years.
Valuation Update With 7 Day Price Move • Apr 26Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫14,800, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 216% over the past three years.
Board Change • Apr 20Less than half of directors are independentThere are 4 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: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Head of Board of Supervisor Thuy Thi Tran is the most experienced director on the board, commencing their role in 2020. Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₫18,300, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 346% over the past three years.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₫14,300, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 248% over the past three years.
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫16,200, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 266% over the past three years.
Valuation Update With 7 Day Price Move • Jan 16Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to ₫14,100, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 112% over the past three years.
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₫10,700, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 74% over the past three years.
Board Change • Nov 16Less than half of directors are independentThere are 4 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: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Head of Board of Supervisor Thuy Thi Tran is the most experienced director on the board, commencing their role in 2020. Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₫10,500, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 104% over the past three years.
Buying Opportunity • Oct 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be ₫11,329, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%.
Reported Earnings • Oct 27Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: ₫406. Revenue: ₫49.4b (flat on 3Q 2021). Net income: ₫3.65b (up 65% from 3Q 2021). Profit margin: 7.4% (up from 4.5% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₫9,900, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 92% over the past three years.
Upcoming Dividend • Sep 16Upcoming dividend of ₫800 per shareEligible shareholders must have bought the stock before 23 September 2022. Payment date: 10 October 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.3%. Lower than top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (3.8%).
Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₫13,400, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 94% over the past three years.
Reported Earnings • Aug 02Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ₫71.2b (up 12% from 2Q 2021). Net income: ₫1.85b (up 46% from 2Q 2021). Profit margin: 2.6% (up from 2.0% in 2Q 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₫13,000, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 106% over the past three years.
Reported Earnings • May 02First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: ₫51.3b (down 14% from 1Q 2021). Net income: ₫2.23b (up 44% from 1Q 2021). Profit margin: 4.3% (up from 2.6% in 1Q 2021). The increase in margin was driven by lower expenses.
Board Change • Apr 27Less than half of directors are independentThere are 4 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: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Head of Board of Supervisor Thuy Thi Tran is the most experienced director on the board, commencing their role in 2020. Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₫16,500, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 175% over the past three years.
Reported Earnings • Mar 29Full year 2021 earnings releasedFull year 2021 results: EPS: ₫1,199. Revenue: ₫221.0b (down 4.8% from FY 2020). Net income: ₫10.8b (down 5.8% from FY 2020). Profit margin: 4.9% (in line with FY 2020).
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₫11,700, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 185% over the past three years.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₫16,500, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 279% over the past three years.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₫15,200, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 270% over the past three years.
Reported Earnings • Oct 26Third quarter 2021 earnings releasedThe company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫49.2b (down 19% from 3Q 2020). Net income: ₫2.21b (down 30% from 3Q 2020). Profit margin: 4.5% (down from 5.2% in 3Q 2020). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₫12,800, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 16x in the Infrastructure industry in Vietnam. Total returns to shareholders of 174% over the past three years.
Upcoming Dividend • Oct 01Upcoming dividend of ₫1,200 per shareEligible shareholders must have bought the stock before 08 October 2021. Payment date: 26 October 2021. Trailing yield: 7.8%. Within top quartile of Vietnamese dividend payers (6.6%). Higher than average of industry peers (3.6%).
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improved over the past weekAfter last week's 28% share price gain to ₫16,900, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 16x in the Infrastructure industry in Vietnam. Total returns to shareholders of 198% over the past three years.
Reported Earnings • Jul 22Second quarter 2021 earnings releasedThe company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ₫63.7b (up 30% from 2Q 2020). Net income: ₫1.26b (down 71% from 2Q 2020). Profit margin: 2.0% (down from 8.9% in 2Q 2020). The decrease in margin was driven by higher expenses.
Is New 90 Day High Low • Mar 12New 90-day high: ₫9,100The company is up 36% from its price of ₫6,700 on 07 December 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 9.0% over the same period.
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₫8,900, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 13x in the Infrastructure industry in Vietnam. Total returns to shareholders over the past three years are 14%.
