OTCPK:VNMH.F

Stock Analysis Report

Executive Summary

VietNam Holding Limited is a closed ended equity mutual fund launched and managed by Vietnam Holding Asset Management Ltd.

Rewards


Snowflake Analysis

Share Price & News

How has VietNam Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VNMH.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

VNMH.F

-1.5%

US Capital Markets

-1.1%

US Market


1 Year Return

0%

VNMH.F

15.4%

US Capital Markets

17.8%

US Market

Return vs Industry: VNMH.F underperformed the US Capital Markets industry which returned 15.4% over the past year.

Return vs Market: VNMH.F underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

VNMH.FIndustryMarket
7 Day0%-1.5%-1.1%
30 Day0%1.0%1.5%
90 Day0%3.9%6.6%
1 Year0%0%17.6%15.4%20.2%17.8%
3 Year-0.5%-0.5%37.5%29.8%47.5%38.1%
5 Year22.2%22.2%78.9%62.4%71.2%52.4%

Price Volatility Vs. Market

How volatile is VietNam Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is VietNam Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VNMH.F ($2.2) is trading below our estimate of fair value ($9.26)

Significantly Below Fair Value: VNMH.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VNMH.F is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: VNMH.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VNMH.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VNMH.F is good value based on its PB Ratio (0.8x) compared to the US Capital Markets industry average (6.6x).

Future Growth

How is VietNam Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.7%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as VietNam Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has VietNam Holding performed over the past 5 years?

-26.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VNMH.F is currently unprofitable.

Growing Profit Margin: VNMH.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VNMH.F is unprofitable, and losses have increased over the past 5 years at a rate of -26.3% per year.

Accelerating Growth: Unable to compare VNMH.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VNMH.F is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).


Return on Equity

High ROE: VNMH.F has a negative Return on Equity (-16.8%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed

Financial Health

How is VietNam Holding's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: VNMH.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if VNMH.F's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: VNMH.F has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: VNMH.F has been profitable on average in the past, therefore cash runway is not a concern.


Financial Institutions Analysis

Asset Level: VNMH.F's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if VNMH.F has a sufficient allowance for bad loans.

Low Risk Liabilities: VNMH.F reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if VNMH.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: VNMH.F has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if VNMH.F has an appropriate level of bad loans.

Dividend

What is VietNam Holding's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate VNMH.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate VNMH.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VNMH.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VNMH.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VNMH.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

VietNam Holding has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: VNMH.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

VietNam Holding Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VietNam Holding Limited
  • Ticker: VNMH.F
  • Exchange: OTCPK
  • Founded: 2006
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£84.938m
  • Listing Market Cap: UK£110.131m
  • Shares outstanding: 50.86m
  • Website: https://www.vietnamholding.com

Location

  • VietNam Holding Limited
  • Gartenstrasse 19
  • Zürich
  • 8002
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VNHLSE (London Stock Exchange)YesOrdinary SharesGBGBPJun 2006
VNMH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2006
2YLDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2006

Biography

VietNam Holding Limited is a closed ended equity mutual fund launched and managed by Vietnam Holding Asset Management Ltd. The fund invests in the public equity markets of Vietnam. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of large cap companies, with an emphasis on State Owned Enterprises that the Vietnamese government has identified for partial divestment and listing on the two domestic securities trading centers. It benchmarks the performance of its portfolio against Hanoi Securities Transaction Centre and VN Index. VietNam Holding Limited was formed on April 20, 2006 and domiciled in the Cayman Islands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 00:10
End of Day Share Price2020/01/28 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.