GELEX Group Past Earnings Performance

Past criteria checks 4/6

GELEX Group's earnings have been declining at an average annual rate of -12.2%, while the Electrical industry saw earnings declining at 12.2% annually. Revenues have been growing at an average rate of 18.1% per year. GELEX Group's return on equity is 5.1%, and it has net margins of 1.8%.

Key information

-12.2%

Earnings growth rate

-23.1%

EPS growth rate

Electrical Industry Growth	-8.5%
Revenue growth rate	18.1%
Return on equity	5.1%
Net Margin	1.8%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How GELEX Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

HOSE:GEX Revenue, expenses and earnings (VND Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	30,247,839	531,192	2,672,514
31 Dec 23	29,997,836	330,357	2,715,185
30 Sep 23	29,253,154	465,273	2,588,534
30 Jun 23	28,779,796	355,734	2,700,020
31 Mar 23	29,853,360	10,329	2,841,640
31 Dec 22	32,088,753	317,187	2,958,112
30 Sep 22	34,149,757	456,840	3,051,940
30 Jun 22	33,178,592	676,973	2,797,781
31 Mar 22	32,810,675	973,910	2,679,893
31 Dec 21	28,578,399	982,360	2,176,349
30 Sep 21	25,045,535	1,021,653	1,701,228
30 Jun 21	23,736,366	928,784	1,402,336
31 Mar 21	18,862,101	972,707	1,043,539
31 Dec 20	17,948,713	779,469	1,111,267
30 Sep 20	16,371,817	650,671	1,144,355
30 Jun 20	15,540,945	681,679	1,234,780
31 Mar 20	15,749,744	491,734	1,260,440
31 Dec 19	15,314,986	560,636	1,221,103
30 Sep 19	14,653,319	666,235	1,189,068
30 Jun 19	14,581,114	803,810	1,130,223
31 Mar 19	13,922,801	729,658	1,060,961
31 Dec 18	13,699,130	915,979	991,218
30 Sep 18	13,364,921	825,305	911,315
30 Jun 18	12,512,622	678,036	841,000
31 Mar 18	12,004,855	585,479	770,178
31 Dec 17	11,984,141	573,910	790,031
30 Sep 17	10,404,734	486,161	621,148
30 Jun 17	9,352,392	487,802	549,845
31 Mar 17	8,473,360	661,374	484,094
31 Dec 16	7,297,113	446,514	380,435
30 Sep 16	6,183,873	432,842	460,319
30 Jun 16	7,685,647	376,249	466,088
31 Mar 16	8,028,379	310,913	495,325
01 Jan 16	8,382,707	321,110	539,839
30 Sep 15	9,962,602	317,747	631,133
30 Jun 15	8,427,964	329,726	700,122
31 Mar 15	8,843,038	354,654	736,547
31 Dec 14	8,735,023	318,432	694,098
30 Sep 14	8,724,511	341,664	625,063
30 Jun 14	8,700,201	322,956	579,221
31 Mar 14	7,811,708	301,270	541,240
31 Dec 13	7,388,083	309,553	547,251
30 Sep 13	5,895,345	371,887	553,534
30 Jun 13	6,698,032	352,423	495,340

Quality Earnings: GEX has high quality earnings.

Growing Profit Margin: GEX's current net profit margins (1.8%) are higher than last year (0.03%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GEX's earnings have declined by 12.2% per year over the past 5 years.

Accelerating Growth: GEX's earnings growth over the past year (5042.9%) exceeds its 5-year average (-12.2% per year).

Earnings vs Industry: GEX earnings growth over the past year (5042.9%) exceeded the Electrical industry 20.8%.

GELEX Group Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: ₫127 (vs ₫108 loss in 1Q 2023)

Full year 2023 earnings released: EPS: ₫389 (vs ₫433 in FY 2022)

Second quarter 2023 earnings released: EPS: ₫377 (vs ₫15.34 in 2Q 2022)

First quarter 2023 earnings released: ₫108 loss per share (vs ₫315 profit in 1Q 2022)

Full year 2022 earnings released: EPS: ₫446 (vs ₫1,501 in FY 2021)

Second quarter 2022 earnings released

Recent updates

First quarter 2024 earnings released: EPS: ₫127 (vs ₫108 loss in 1Q 2023)

Investor sentiment deteriorates as stock falls 15%

GELEX Group Joint Stock Company, Annual General Meeting, Mar 28, 2024

Full year 2023 earnings released: EPS: ₫389 (vs ₫433 in FY 2022)

GELEX Group Joint Stock Company Announces Executive Changes

Consensus EPS estimates increase by 14%

Investor sentiment deteriorates as stock falls 19%

Investor sentiment deteriorates as stock falls 21%

New major risk - Financial position

Second quarter 2023 earnings released: EPS: ₫377 (vs ₫15.34 in 2Q 2022)

GELEX Group Joint Stock Company Appoints Do Xuan Thang as Head of the Representative Office

First quarter 2023 earnings released: ₫108 loss per share (vs ₫315 profit in 1Q 2022)

Investor sentiment deteriorates as stock falls 15%

Full year 2022 earnings released: EPS: ₫446 (vs ₫1,501 in FY 2021)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

No independent directors

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released

GELEX Group Joint Stock Company Announces Cash Dividend for the Fiscal Year 2021, Payable on July 28, 2022

Upcoming dividend of ₫500 per share

Investor sentiment deteriorated over the past week

Upcoming dividend of ₫500 per share

GELEX Group Joint Stock Company Recommends Cash Dividend

GELEX Group Joint Stock Company Announces Board Changes

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

No independent directors

Investor sentiment deteriorated over the past week

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Full year 2021 earnings: EPS and revenues miss analyst expectations

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Price target increased to ₫40,000

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS ₫593 (vs ₫627 in 2Q 2020)

Consensus forecasts updated

Investor sentiment deteriorated over the past week

Consensus forecasts updated

Price target increased to ₫30,000

Investor sentiment improved over the past week

Analysts update estimates

Full year 2020 earnings released: EPS ₫1.66 (vs ₫1,326 in FY 2019)

Revenue and earnings beat expectations

New 90-day low: ₫18,850

Investor sentiment deteriorated over the past week

New 90-day high: ₫24,800

Vietnam Electrical Equipment Joint Stock Corporation (HOSE:GEX) acquired 16.23% stake in Nam Mu Hydropower Joint Stock Company (HNX:HJS).

Vietnam Electrical Equipment Joint Stock Corporation (HOSE:GEX) completed the acquisition of 21.19% stake in Viglacera Corporation (HOSE:VGC) for VND 2 trillion.

Analysts lower EPS estimates to ₫1,381

Price target raised to ₫22,200

New 90-day high - ₫22,200

Indo Trans Logistics Corporation proposed to acquire remaining 58.2% stake in South Logistics Joint Stock Company (HOSE:STG) from Vietnam Electrical Equipment Joint Stock Corporation (HOSE:GEX) and others.

First half earnings released

Vietnam Electrical Equipment Joint Stock Corporation (HOSE:GEX) made an offer to acquire 21.18% stake in Viglacera Corporation (HOSE:VGC).

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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