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TVC

Tri Viet Asset Management Corporation HNX:TVC Stock Report

Last Price

₫10.00k

Market Cap

₫1.2t

7D

4.2%

1Y

-41.9%

Updated

17 Aug, 2022

Data

Company Financials
TVC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends2/6

TVC Stock Overview

Tri Viet Asset Management Corporation Joint Stock Company provides asset management services.

Tri Viet Asset Management Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tri Viet Asset Management Corporation
Historical stock prices
Current Share Price₫10,000.00
52 Week High₫29,200.00
52 Week Low₫6,900.00
Beta-0.35
1 Month Change17.65%
3 Month Change-0.99%
1 Year Change-41.86%
3 Year Change-32.76%
5 Year Change46.13%
Change since IPO-26.60%

Recent News & Updates

Shareholder Returns

TVCVN Professional ServicesVN Market
7D4.2%2.1%1.3%
1Y-41.9%-14.1%-7.9%

Return vs Industry: TVC underperformed the VN Professional Services industry which returned -14.1% over the past year.

Return vs Market: TVC underperformed the VN Market which returned -7.9% over the past year.

Price Volatility

Is TVC's price volatile compared to industry and market?
TVC volatility
TVC Average Weekly Movement7.8%
Professional Services Industry Average Movement5.7%
Market Average Movement6.9%
10% most volatile stocks in VN Market9.5%
10% least volatile stocks in VN Market3.7%

Stable Share Price: TVC is not significantly more volatile than the rest of VN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TVC's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201258Do Hahttps://tcorp.vn/danh-muc-gioi-thieu/ve-tvc/

Tri Viet Asset Management Corporation Joint Stock Company provides asset management services. Its principal product includes capital trading, stock repo, margin lending, investment trust, and fixed-income securities asset management. The company was formerly known as Tri Viet Investment Management Joint Stock Co and changed its name to Tri Viet Asset Management Corporation Joint Stock Company in July 2017.

Tri Viet Asset Management Corporation Fundamentals Summary

How do Tri Viet Asset Management Corporation's earnings and revenue compare to its market cap?
TVC fundamental statistics
Market Cap₫1.15t
Earnings (TTM)-₫598.74m
Revenue (TTM)₫284.60b

4.2x

P/S Ratio

-1,981x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TVC income statement (TTM)
Revenue₫284.60b
Cost of Revenue₫64.62b
Gross Profit₫219.98b
Other Expenses₫220.58b
Earnings-₫598.74m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-5.05
Gross Margin77.29%
Net Profit Margin-0.21%
Debt/Equity Ratio29.9%

How did TVC perform over the long term?

See historical performance and comparison

Dividends

8.0%

Current Dividend Yield

-14,301%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is TVC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TVC?

Other financial metrics that can be useful for relative valuation.

TVC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA2.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does TVC's PS Ratio compare to its peers?

TVC PS Ratio vs Peers
The above table shows the PS ratio for TVC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.8x
VNC Vinacontrol Group
0.7xn/a₫378.0b
INN Agriculture Printing and Packaging JSC
0.5xn/a₫906.7b
FARM Deveron
7.5x53.4%CA$70.4m
TEK Tekcapital
2.4xn/aUK£44.9m
TVC Tri Viet Asset Management Corporation
4.2xn/a₫1.2t

Price-To-Sales vs Peers: TVC is expensive based on its Price-To-Sales Ratio (4.2x) compared to the peer average (2.8x).


Price to Earnings Ratio vs Industry

How does TVC's PE Ratio compare vs other companies in the Asian Professional Services Industry?

Price-To-Sales vs Industry: TVC is expensive based on its Price-To-Sales Ratio (4.2x) compared to the Asian Professional Services industry average (1.7x)


Price to Sales Ratio vs Fair Ratio

What is TVC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TVC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TVC's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of TVC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TVC (₫10000) is trading below our estimate of fair value (₫11631.2)

Significantly Below Fair Value: TVC is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Tri Viet Asset Management Corporation forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.5%

Forecasted Commercial Services 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 Tri Viet Asset Management Corporation 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.


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Past Performance

How has Tri Viet Asset Management Corporation performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


54.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TVC is currently unprofitable.

Growing Profit Margin: TVC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TVC is unprofitable, but has reduced losses over the past 5 years at a rate of 54.4% per year.

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

Earnings vs Industry: TVC is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (15.3%).


Return on Equity

High ROE: TVC has a negative Return on Equity (1.13%), as it is currently unprofitable.


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Financial Health

How is Tri Viet Asset Management Corporation's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TVC's short term assets (₫2,804.9B) exceed its short term liabilities (₫468.2B).

Long Term Liabilities: TVC's short term assets (₫2,804.9B) exceed its long term liabilities (₫229.2B).


Debt to Equity History and Analysis

Debt Level: TVC has more cash than its total debt.

Reducing Debt: TVC's debt to equity ratio has reduced from 80.5% to 29.9% over the past 5 years.

Debt Coverage: TVC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: TVC's interest payments on its debt are not well covered by EBIT (0.6x coverage).


Balance Sheet


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Dividend

What is Tri Viet Asset Management Corporation current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.00%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TVC's dividend (8%) is higher than the bottom 25% of dividend payers in the VN market (2.83%).

High Dividend: TVC's dividend (8%) is in the top 25% of dividend payers in the VN market (7.33%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether TVC's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if TVC's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: TVC is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: TVC is paying a dividend but the company has no free cash flows.


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Management

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


CEO

Do Ha

no data

Tenure

Mr. Do Thanh Ha serves as the General Director at TriViet Management Investment Joint Stock Company.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 71.7%.


Top Shareholders

Company Information

Tri Viet Asset Management Corporation Joint Stock Company's employee growth, exchange listings and data sources


Key Information

  • Name: Tri Viet Asset Management Corporation Joint Stock Company
  • Ticker: TVC
  • Exchange: HNX
  • Founded: 2012
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Implied Market Cap: ₫1.151t
  • Shares outstanding: 118.61m
  • Website: https://tcorp.vn/danh-muc-gioi-thieu/ve-tvc/

Number of Employees


Location

  • Tri Viet Asset Management Corporation Joint Stock Company
  • 142 Doi Can
  • Ba Dinh
  • Hanoi
  • Vietnam

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.