Board Change • Aug 12
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Chief of Supervisory Board Van Nguyen was the last director to join the board, commencing their role in 2025. 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 • Aug 03
Second quarter 2026 earnings released: EPS: ₫827 (vs ₫421 in 2Q 2025) Second quarter 2026 results: EPS: ₫827 (up from ₫421 in 2Q 2025). Revenue: ₫128.0b (up 13% from 2Q 2025). Net income: ₫4.74b (up 96% from 2Q 2025). Profit margin: 3.7% (up from 2.1% in 2Q 2025). The increase in margin was driven by higher revenue. Board Change • Jul 13
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. 8 non-independent directors. Deputy Chief of Supervisory Board Thi Thai 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. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₫16,500, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 16x in the Industrials industry in Vietnam. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫12,100, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 15x in the Industrials industry in Vietnam. Total loss to shareholders of 2.9% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫11,100, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 14x in the Industrials industry in Vietnam. Total loss to shareholders of 10% over the past three years. Announcement • Mar 09
ALTA Company, Annual General Meeting, Apr 22, 2026 ALTA Company, Annual General Meeting, Apr 22, 2026. Location: queen plaza tan binh convention and weeding centre, 91b pham vam hai, tan son hoa ward, hcmc Vietnam Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫12,800, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 14x in the Industrials industry in Vietnam. Total loss to shareholders of 3.1% over the past three years. Reported Earnings • Feb 05
Full year 2025 earnings released: EPS: ₫1,702 (vs ₫552 in FY 2024) Full year 2025 results: EPS: ₫1,702 (up from ₫552 in FY 2024). Revenue: ₫426.2b (up 2.7% from FY 2024). Net income: ₫9.76b (up 209% from FY 2024). Profit margin: 2.3% (up from 0.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫14,800, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 13x in the Industrials industry in Vietnam. Total returns to shareholders of 26% over the past three years. New Risk • Nov 13
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (₫70.0b market cap, or US$2.66m). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫13,500, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 10x in the Industrials industry in Vietnam. Total loss to shareholders of 3.3% over the past three years. Buy Or Sell Opportunity • Oct 29
Now 22% undervalued Over the last 90 days, the stock has risen 1.7% to ₫12,200. The fair value is estimated to be ₫15,708, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫13,700, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 11x in the Industrials industry in Vietnam. Total loss to shareholders of 15% over the past three years. Buy Or Sell Opportunity • Sep 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.7% to ₫12,200. The fair value is estimated to be ₫15,665, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Declared Dividend • Sep 12
Dividend reduced to ₫600 Dividend of ₫600 is 40% lower than last year. Ex-date: 29th September 2025 Payment date: 21st October 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.4%. Sustainability & Growth The dividend has increased by an average of 9.3% per year over the past 4 years and payments have been stable during that time. Buy Or Sell Opportunity • Sep 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.2% to ₫12,100. The fair value is estimated to be ₫15,369, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫12,700, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 10x in the Industrials industry in Vietnam. Total loss to shareholders of 36% over the past three years. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: ₫414 (vs ₫213 in 2Q 2024) Second quarter 2025 results: EPS: ₫414 (up from ₫213 in 2Q 2024). Revenue: ₫113.1b (up 4.9% from 2Q 2024). Net income: ₫2.37b (up 94% from 2Q 2024). Profit margin: 2.1% (up from 1.1% in 2Q 2024). The increase in margin was driven by higher revenue. Board Change • May 06
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. 11 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Vice Chairman of the Board Diep Thi Lai was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫13,700, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 13x in the Industrials industry in Vietnam. Total loss to shareholders of 16% over the past three years. Announcement • Mar 12
ALTA Company, Annual General Meeting, Apr 21, 2025 ALTA Company, Annual General Meeting, Apr 21, 2025. Location: 91b2 pham van hai, ward 3, tan binh district, hcmc Vietnam New Risk • Feb 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 2.8% 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 Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$10m (₫79.7b market cap, or US$3.19m). Minor Risk Profit margins are more than 30% lower than last year (0.4% net profit margin). Reported Earnings • Feb 08
Full year 2024 earnings released: EPS: ₫296 (vs ₫1,513 in FY 2023) Full year 2024 results: EPS: ₫296 (down from ₫1,513 in FY 2023). Revenue: ₫414.8b (up 36% from FY 2023). Net income: ₫1.70b (down 80% from FY 2023). Profit margin: 0.4% (down from 2.8% in FY 2023). The decrease in margin was driven by higher expenses. New Risk • Feb 02
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 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 December 2023 fiscal period end). Share price has been highly volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$10m (₫76.3b market cap, or US$3.05m). Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫14,600, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 15x in the Industrials industry in Vietnam. Total returns to shareholders of 17% over the past three years. Buy Or Sell Opportunity • Oct 31
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at ₫14,600. The fair value is estimated to be ₫11,858, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₫12,800, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 16x in the Industrials industry in Vietnam. Total returns to shareholders of 6.2% over the past three years. Buy Or Sell Opportunity • Sep 25
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 6.6% to ₫14,600. The fair value is estimated to be ₫11,858, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Sep 24
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 01 October 2024. Payment date: 24 October 2024. Trailing yield: 7.4%. Lower than top quartile of Vietnamese dividend payers (8.2%). Higher than average of industry peers (3.1%). Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫13,200, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 17x in the Industrials industry in Vietnam. Total returns to shareholders of 5.1% over the past three years. Buy Or Sell Opportunity • Aug 30
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to ₫14,900. The fair value is estimated to be ₫11,805, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. New Risk • Aug 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (₫78.0b market cap, or US$3.12m). Minor Risks Latest financial reports are more than 6 months old (reported December 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 • Jul 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫15,700, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 14x in the Industrials industry in Vietnam. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫16,000, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 13x in the Industrials industry in Vietnam. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫15,000, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 13x in the Industrials industry in Vietnam. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₫17,600, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 11x in the Industrials industry in Vietnam. Total returns to shareholders of 46% over the past three years. New Risk • Apr 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 7.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$10m (₫91.8b market cap, or US$3.67m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Feb 01
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 5.5% 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 Latest financial reports are more than 1 year old (reported September 2021 fiscal period end). High level of non-cash earnings (33% accrual ratio). Market cap is less than US$10m (₫78.6b market cap, or US$3.22m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 16% share price gain to ₫21,400, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 18x in the Industrials industry in Vietnam. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 19% share price gain to ₫20,100, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 12x in the Industrials industry in Vietnam. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 22% share price gain to ₫20,700, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 12x in the Industrials industry in Vietnam. Total returns to shareholders of 90% over the past three years. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS ₫428 (vs ₫1,343 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫50.3b (down 4.7% from 3Q 2020). Net income: ₫2.46b (down 68% from 3Q 2020). Profit margin: 4.9% (down from 15% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 17% share price gain to ₫16,800, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 13x in the Industrials industry in Vietnam. Total returns to shareholders of 50% over the past three years. Upcoming Dividend • Sep 15
Inaugural dividend of ₫700 per share Eligible shareholders must have bought the stock before 21 September 2021. Payment date: 12 October 2021. This is the first dividend for ALTA since going public. The average dividend yield among industry peers is 3.0%. Upcoming Dividend • Sep 14
Inaugural dividend of ₫700 per share Eligible shareholders must have bought the stock before 21 September 2021. Payment date: 12 October 2021. This is the first dividend for ALTA since going public. The average dividend yield among industry peers is 3.0%. Upcoming Dividend • Sep 07
Inaugural dividend of ₫700 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 02 October 2021. This is the first dividend for ALTA since going public. The average dividend yield among industry peers is 2.9%. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₫14,400, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 9x in the Industrials industry in Vietnam. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 19% share price gain to ₫13,700, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 8x in the Industrials industry in Vietnam. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₫10,800, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 8x in the Industrials industry in Vietnam. Total loss to shareholders of 5.9% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 20% share price gain to ₫14,700, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 9x in the Industrials industry in Vietnam. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improved over the past week After last week's 17% share price gain to ₫14,800, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 13x in the Industrials industry in Vietnam. Total returns to shareholders of 44% over the past three years. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS ₫734 (vs ₫1,450 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫194.1b (down 5.1% from FY 2019). Net income: ₫4.21b (down 49% from FY 2019). Profit margin: 2.2% (down from 4.1% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 21% share price gain to ₫13,300, the stock is trading at a trailing P/E ratio of 78.5x, up from the previous P/E ratio of 64.9x. This compares to an average P/E of 13x in the Industrials industry in Vietnam. Total returns to shareholders over the past three years are 31%. 
