공고 • Jun 14
Ben Tre Construction Material Joint Stock Company, Annual General Meeting, Jul 16, 2024 Ben Tre Construction Material Joint Stock Company, Annual General Meeting, Jul 16, 2024. Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₫14,500, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 17x in the Basic Materials industry in Vietnam. Total returns to shareholders of 45% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Director Nguyen Huy was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공고 • Apr 14
Ngo Thi Thanh Truc acquired a minority stake 6.67% stake in Ben Tre Construction Material Joint Stock Company. Ngo Thi Thanh Truc acquired a minority stake 6.67% stake in Ben Tre Contruction Material Joint Stock Company on April 1, 2022.
Ngo Thi Thanh Truc completed the acquisition of Ben Tre Contruction Material Joint Stock Company on April 1, 2022. Buying Opportunity • Apr 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be ₫37,053, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 44% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫34,900, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 22x in the Basic Materials industry in Vietnam. Total returns to shareholders of 249% over the past three years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 19% share price gain to ₫47,800, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 22x in the Basic Materials industry in Vietnam. Total returns to shareholders of 262% over the past three years. Reported Earnings • Jan 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₫1,094 (up from ₫2,723 loss in FY 2020). Revenue: ₫54.6b (down 44% from FY 2020). Net income: ₫4.43b (up ₫16.3b from FY 2020). Profit margin: 8.1% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Board Change • Sep 10
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Director Nguyen Huy was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 25
First quarter 2021 earnings released: ₫646 loss per share (vs ₫486 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: ₫10.1b (down 29% from 1Q 2020). Net loss: ₫2.62b (loss widened 33% from 1Q 2020). Reported Earnings • Jan 27
Full year 2020 earnings released: ₫2,723 loss per share (vs ₫3,067 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: ₫96.9b (down 26% from FY 2019). Net loss: ₫11.8b (loss narrowed 4.6% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 27
Third quarter earnings released Over the last 12 months the company has reported total losses of ₫16.3b, with losses widening by 455% from the prior year. Total revenue was ₫98.7b over the last 12 months, down 42% from the prior year.