Buy Or Sell Opportunity • Jun 05
Now 23% undervalued Over the last 90 days, the stock has risen 57% to ₫7,710. The fair value is estimated to be ₫9,980, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.1% over the last 3 years. Earnings per share has grown by 45%. Buy Or Sell Opportunity • May 11
Now 21% undervalued Over the last 90 days, the stock has risen 64% to ₫7,750. The fair value is estimated to be ₫9,865, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.1% over the last 3 years. Earnings per share has grown by 45%. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₫6,960, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 9x in the Oil and Gas industry in Vietnam. Total returns to shareholders of 18% over the past three years. New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (₫243.1b market cap, or US$9.24m). Minor Risks High level of debt (64% net debt to equity). Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. New Risk • Apr 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 61% 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 Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (₫208.4b market cap, or US$7.92m). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₫5,970, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 10x in the Oil and Gas industry in Vietnam. Total returns to shareholders of 5.3% over the past three years. Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: ₫374 (vs ₫191 in FY 2024) Full year 2025 results: EPS: ₫374 (up from ₫191 in FY 2024). Revenue: ₫3.24t (down 2.0% from FY 2024). Net income: ₫14.0b (up 96% from FY 2024). Profit margin: 0.4% (up from 0.2% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. 공시 • Apr 01
An Pha Petroleum Group Joint Stock Company, Annual General Meeting, Jun 26, 2026 An Pha Petroleum Group Joint Stock Company, Annual General Meeting, Jun 26, 2026. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₫5,690, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 9x in the Oil and Gas industry in Vietnam. Total returns to shareholders of 2.5% over the past three years. Reported Earnings • Aug 02
Second quarter 2025 earnings released: ₫165 loss per share (vs ₫506 loss in 2Q 2024) Second quarter 2025 results: ₫165 loss per share (improved from ₫506 loss in 2Q 2024). Revenue: ₫838.4b (up 5.7% from 2Q 2024). Net loss: ₫6.14b (loss narrowed 68% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Apr 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 104% 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 Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (₫156.8b market cap, or US$6.12m). Minor Risk Large one-off items impacting financial results. New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (₫154.6b market cap, or US$6.03m). Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫4,140, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 8x in the Oil and Gas industry in Vietnam. Total loss to shareholders of 64% over the past three years. Reported Earnings • Apr 05
Full year 2024 earnings released: EPS: ₫191 (vs ₫2,234 loss in FY 2023) Full year 2024 results: EPS: ₫191 (up from ₫2,234 loss in FY 2023). Revenue: ₫3.31t (down 11% from FY 2023). Net income: ₫7.13b (up ₫90.6b from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. 공시 • Mar 18
An Pha Petroleum Group Joint Stock Company, Annual General Meeting, Jun 27, 2025 An Pha Petroleum Group Joint Stock Company, Annual General Meeting, Jun 27, 2025. New Risk • Nov 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 55% per year over the past 5 years. Market cap is less than US$10m (₫152.7b market cap, or US$5.96m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. 공시 • Jul 03
An Pha Petroleum Group Joint Stock Company Approves Board Appointments An Pha Petroleum Group Joint Stock Company approved the election result of the BOD in the term 2023-2027: Kobayashi Naoki, Sakamoto Shinichiro and Nitta Kazufuku, at its Annual General Meeting 2024. Buy Or Sell Opportunity • May 28
Now 27% overvalued Over the last 90 days, the stock has fallen 1.6% to ₫4,940. The fair value is estimated to be ₫3,887, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Meanwhile, the company became loss making. New Risk • May 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 65% per year over the past 5 years. Market cap is less than US$10m (₫171.8b market cap, or US$6.70m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Mar 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.1% to ₫4,890. The fair value is estimated to be ₫4,060, however this is not to be taken as a sell recommendation but rather should be used as a guide only. 공시 • Jan 08
An Pha Petroleum Group Joint Stock Company Announces Board Changes On January 03, 2024, An Pha Petroleum Group Joint Stock Company announced the change in personnel as follows: The appointment of Mr. Truong Huu Phuoc as Deputy Chief Business Officer, Mr. Hosokoji Yu as Deputy Chief Executive Officer, Business Director and the resignation of Mr. Truong Huu Phuoc as Deputy Chief Business Officer. Effective from January 02, 2023. 공시 • Jul 14
an Pha Petroleum Group Joint Stock Company Appoints Tran Duy Luan as CFO An Pha Petroleum Group Joint Stock Company appointed Tran Duy Luan as CFO. Effective date: July 10, 2023. 공시 • Jul 07
An Pha Petroleum Group Joint Stock Company Announces Change in Personnel An Pha Petroleum Group Joint Stock Company announces the change in personnel as follows: Mr. Toshiyuki Shimbori is Newly appointed position: Chairman of the Audit Board. Effective date: June 27, 2023. and announced Resignation of Mr. Yasuyoshi Kasahara as Chairman of the Audit Board Effective date: June 27, 2023. Mr. Huynh Buu Tuan Resigned position as member of the Audit Board. Effective date: June 27, 2023. Upcoming Dividend • Nov 17
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 24 November 2022. Payment date: 23 December 2022. Trailing yield: 9.1%. Lower than top quartile of Vietnamese dividend payers (11%). Higher than average of industry peers (5.2%). Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Head of Supervisory Board Yasuyoshi Kasahara was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Head of Supervisory Board Yasuyoshi Kasahara was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 13
An Pha Petroleum Group Joint Stock Company, Annual General Meeting, May 09, 2022 An Pha Petroleum Group Joint Stock Company, Annual General Meeting, May 09, 2022. Upcoming Dividend • Dec 01
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 08 December 2021. Payment date: 24 December 2021. Trailing yield: 3.7%. Lower than top quartile of Vietnamese dividend payers (6.1%). Higher than average of industry peers (2.5%). Is New 90 Day High Low • Mar 09
New 90-day high: ₫7,890 The company is up 34% from its price of ₫5,870 on 09 December 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: ₫7,000 The company is up 16% from its price of ₫6,010 on 09 October 2020. The Vietnamese market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Oil and Gas industry, which is up 11% over the same period. Upcoming Dividend • Oct 19
Upcoming Dividend of ₫500 Per Share Will be paid on the 13th of November to those who are registered shareholders by the 26th of October. The trailing yield of 8.1% is below the top quartile of Vietnamese dividend payers (9.5%), but it is higher than industry peers (6.2%).