Phu Nhuan Jewelry Joint Stock Company, together with its subsidiaries, manufactures, retails, trades in, imports, and exports gold, silver, jewelry, and gemstones in Vietnam.
Price History & Performance
|Historical stock prices|
|Current Share Price||₫99,000.00|
|52 Week High||₫65,400.00|
|52 Week Low||₫109,100.00|
|1 Month Change||7.61%|
|3 Month Change||9.15%|
|1 Year Change||45.59%|
|3 Year Change||42.55%|
|5 Year Change||187.79%|
|Change since IPO||1,135.52%|
Recent News & Updates
|PNJ||VN Luxury||VN Market|
Return vs Industry: PNJ underperformed the VN Luxury industry which returned 92.6% over the past year.
Return vs Market: PNJ matched the VN Market which returned 45.8% over the past year.
Stable Share Price: PNJ is less volatile than 75% of VN stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PNJ's weekly volatility (4%) has been stable over the past year.
About the Company
Phu Nhuan Jewelry Joint Stock Company, together with its subsidiaries, manufactures, retails, trades in, imports, and exports gold, silver, jewelry, and gemstones in Vietnam. The company offers its products under the CAO Fine Jewellery, PNJ Gold Jewelry, PNJ Silver, PNJ Art, and Jemma brands. It also provides fashion accessories; and jewelry inspection and consultancy services.
Phu Nhuan Jewelry Fundamentals Summary
|PNJ fundamental statistics|
Is PNJ overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PNJ income statement (TTM)|
|Cost of Revenue||₫14.86t|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||4.02k|
|Net Profit Margin||4.98%|
How did PNJ perform over the long term?See historical performance and comparison
Is Phu Nhuan Jewelry undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PNJ (₫99000) is trading below our estimate of fair value (₫104156.9)
Significantly Below Fair Value: PNJ is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PNJ is poor value based on its PE Ratio (24.6x) compared to the VN Luxury industry average (13.9x).
PE vs Market: PNJ is poor value based on its PE Ratio (24.6x) compared to the VN market (15x).
Price to Earnings Growth Ratio
PEG Ratio: PNJ is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: PNJ is overvalued based on its PB Ratio (4x) compared to the VN Luxury industry average (3.1x).
How is Phu Nhuan Jewelry forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PNJ's forecast earnings growth (24.6% per year) is above the savings rate (4.2%).
Earnings vs Market: PNJ's earnings (24.6% per year) are forecast to grow faster than the VN market (20% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PNJ's revenue (19.6% per year) is forecast to grow faster than the VN market (16.5% per year).
High Growth Revenue: PNJ's revenue (19.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PNJ's Return on Equity is forecast to be high in 3 years time (24.5%)
How has Phu Nhuan Jewelry performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PNJ has high quality earnings.
Growing Profit Margin: PNJ's current net profit margins (5%) are lower than last year (5.6%).
Past Earnings Growth Analysis
Earnings Trend: PNJ's earnings have grown by 17.1% per year over the past 5 years.
Accelerating Growth: PNJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PNJ had negative earnings growth (-3.5%) over the past year, making it difficult to compare to the Luxury industry average (3.8%).
Return on Equity
High ROE: PNJ's Return on Equity (18%) is considered low.
How is Phu Nhuan Jewelry's financial position?
Financial Position Analysis
Short Term Liabilities: PNJ's short term assets (₫7,887.3B) exceed its short term liabilities (₫3,600.4B).
Long Term Liabilities: PNJ's short term assets (₫7,887.3B) exceed its long term liabilities (₫9.2B).
Debt to Equity History and Analysis
Debt Level: PNJ's debt to equity ratio (43.5%) is considered high.
Reducing Debt: PNJ's debt to equity ratio has reduced from 78.4% to 43.5% over the past 5 years.
Debt Coverage: PNJ's debt is not well covered by operating cash flow (5%).
Interest Coverage: PNJ's interest payments on its debt are well covered by EBIT (15.3x coverage).
What is Phu Nhuan Jewelry current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PNJ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PNJ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PNJ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PNJ's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PNJ is not paying a notable dividend for the VN market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PNJ's dividend in 3 years as they are not forecast to pay a notable one for the VN market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Le Thong (42 yo)
Mr. Le Tri Thong has been Deputy Chairman at Phu Nhuan Jewelry Joint Stock Company since May 3, 2017 and also serves as its Member of Management Board. He is in charge of Customer & Retail Division and Sup...
Experienced Board: PNJ's board of directors are considered experienced (5.1 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Phu Nhuan Jewelry Joint Stock Company's employee growth, exchange listings and data sources
- Name: Phu Nhuan Jewelry Joint Stock Company
- Ticker: PNJ
- Exchange: HOSE
- Founded: 1988
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: ₫22.509t
- Shares outstanding: 227.37m
- Website: https://www.pnj.com.vn
Number of Employees
- Phu Nhuan Jewelry Joint Stock Company
- 170E Phan Dang Luu Street
- Ward 3
- Ho Chi Minh City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/24 10:09|
|End of Day Share Price||2021/10/22 00:00|
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.