Reported Earnings • Apr 28
First quarter 2026 earnings released: ₫246 loss per share (vs ₫254 profit in 1Q 2025) First quarter 2026 results: ₫246 loss per share (down from ₫254 profit in 1Q 2025). Revenue: ₫268.3b (down 29% from 1Q 2025). Net loss: ₫34.4b (down 197% from profit in 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 16
Price target increased by 22% to ₫22,026 Up from ₫18,019, the current price target is an average from 2 analysts. New target price is 50% above last closing price of ₫14,700. Stock is down 17% over the past year. The company is forecast to post earnings per share of ₫1,417 for next year compared to ₫353 last year. Announcement • Feb 16
Century Synthetic Fiber Corporation, Annual General Meeting, Apr 17, 2026 Century Synthetic Fiber Corporation, Annual General Meeting, Apr 17, 2026. Location: windsor plaza hotel - 1 su van hanh street, an dong ward, hochiminh Vietnam Reported Earnings • Jan 29
Full year 2025 earnings released: EPS: ₫353 (vs ₫89.34 in FY 2024) Full year 2025 results: EPS: ₫353 (up from ₫89.34 in FY 2024). Revenue: ₫1.35t (up 12% from FY 2024). Net income: ₫49.5b (up 299% from FY 2024). Profit margin: 3.7% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Luxury industry in Vietnam. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: ₫107 (vs ₫855 in 3Q 2024) Third quarter 2025 results: EPS: ₫107 (down from ₫855 in 3Q 2024). Revenue: ₫319.0b (up 3.8% from 3Q 2024). Net income: ₫10.4b (down 87% from 3Q 2024). Profit margin: 3.2% (down from 27% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Vietnam. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Aug 29
Consensus revenue estimates fall by 26% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₫2.17t to ₫1.61t. EPS estimate fell from ₫1,584 to ₫769 per share. Net income forecast to grow 74% next year vs 15% growth forecast for Luxury industry in Vietnam. Consensus price target down from ₫26,128 to ₫25,053. Share price rose 4.1% to ₫25,500 over the past week. Price Target Changed • Aug 28
Price target decreased by 9.1% to ₫25,053 Down from ₫27,563, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₫25,800. Stock is down 1.9% over the past year. The company is forecast to post earnings per share of ₫769 for next year compared to ₫130 last year. Reported Earnings • Jul 29
Second quarter 2025 earnings released: ₫62.00 loss per share (vs ₫592 loss in 2Q 2024) Second quarter 2025 results: ₫62.00 loss per share (improved from ₫592 loss in 2Q 2024). Revenue: ₫333.4b (up 9.9% from 2Q 2024). Net loss: ₫6.01b (loss narrowed 89% from 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: ₫369 (vs ₫7.56 in 1Q 2024) First quarter 2025 results: EPS: ₫369 (up from ₫7.56 in 1Q 2024). Revenue: ₫376.4b (up 42% from 1Q 2024). Net income: ₫35.6b (up ₫34.9b from 1Q 2024). Profit margin: 9.5% (up from 0.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 11
Price target decreased by 8.2% to ₫25,315 Down from ₫27,563, the current price target is an average from 5 analysts. New target price is 17% above last closing price of ₫21,550. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₫2,328 for next year compared to ₫130 last year. New Risk • Mar 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin). Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫27,000, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Luxury industry in Asia. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫53,422 per share. Announcement • Feb 13
Century Synthetic Fiber Corporation, Annual General Meeting, Mar 28, 2025 Century Synthetic Fiber Corporation, Annual General Meeting, Mar 28, 2025. Location: windsor plaza hotel, 18 an duong vuong, ward 9, district 5, hcmc. Vietnam New Risk • Jan 30
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: 3.8% Last year net profit margin: 6.2% 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 Risk High level of non-cash earnings (24% accrual ratio). Minor Risks High level of debt (89% net debt to equity). Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (₫2.23t market cap, or US$89.1m). Reported Earnings • Jan 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₫474 (down from ₫933 in FY 2023). Revenue: ₫1.21t (down 15% from FY 2023). Net income: ₫45.6b (down 48% from FY 2023). Profit margin: 3.8% (down from 6.2% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 53%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Price Target Changed • Jan 20
Price target decreased by 9.0% to ₫28,434 Down from ₫31,235, the current price target is an average from 7 analysts. New target price is 24% above last closing price of ₫23,000. Stock is down 10% over the past year. The company is forecast to post earnings per share of ₫1,006 for next year compared to ₫933 last year. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: ₫855 (vs ₫191 in 3Q 2023) Third quarter 2024 results: EPS: ₫855 (up from ₫191 in 3Q 2023). Revenue: ₫307.2b (down 19% from 3Q 2023). Net income: ₫81.8b (up 392% from 3Q 2023). Profit margin: 27% (up from 4.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Aug 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₫2.46t (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (91% net debt to equity). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Market cap is less than US$100m (₫2.46t market cap, or US$98.4m). New Risk • Jul 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (91% net debt to equity). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Reported Earnings • Jul 24
Second quarter 2024 earnings released: ₫575 loss per share (vs ₫398 profit in 2Q 2023) Second quarter 2024 results: ₫575 loss per share (down from ₫398 profit in 2Q 2023). Revenue: ₫303.2b (down 26% from 2Q 2023). Net loss: ₫55.6b (down 248% from profit in 2Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Luxury industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. New Risk • Jul 22
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 5.9% 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 Risk High level of non-cash earnings (59% accrual ratio). Minor Risks High level of debt (80% net debt to equity). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin). New Risk • May 27
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 5.9% 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 Risk High level of non-cash earnings (59% accrual ratio). Minor Risks High level of debt (80% net debt to equity). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin). New Risk • May 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 80% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (59% accrual ratio). Minor Risks High level of debt (80% net debt to equity). Profit margins are more than 30% lower than last year (6.2% net profit margin). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: ₫8.00 (vs ₫17.31 in 1Q 2023) First quarter 2024 results: EPS: ₫8.00 (down from ₫17.31 in 1Q 2023). Revenue: ₫265.8b (down 7.7% from 1Q 2023). Net income: ₫711.6m (down 56% from 1Q 2023). Profit margin: 0.3% (down from 0.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Luxury industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 20
Now 20% undervalued Over the last 90 days, the stock has risen 11% to ₫28,700. The fair value is estimated to be ₫35,878, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. New Risk • Apr 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (54% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.2% net profit margin). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫33,100, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Luxury industry in Vietnam. Total returns to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫36,355 per share. Major Estimate Revision • Mar 13
Consensus EPS estimates increase by 20%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ₫2.19t to ₫2.15t. EPS estimate rose from ₫1,866 to ₫2,248. Net income forecast to grow 153% next year vs 55% growth forecast for Luxury industry in Vietnam. Consensus price target broadly unchanged at ₫30,010. Share price rose 9.7% to ₫31,000 over the past week. Announcement • Feb 21
Century Synthetic Fiber Corporation, Annual General Meeting, Mar 28, 2024 Century Synthetic Fiber Corporation, Annual General Meeting, Mar 28, 2024. Location: Equatorial hotel, 242 Tran Binh Trong street, district 5, HCM city HCM City Vietnam Price Target Changed • Jan 23
Price target decreased by 13% to ₫29,830 Down from ₫34,370, the current price target is an average from 5 analysts. New target price is 17% above last closing price of ₫25,500. Stock is down 3.5% over the past year. The company is forecast to post earnings per share of ₫1,756 for next year compared to ₫1,003 last year. New Risk • Jan 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (57% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.1% net profit margin). Market cap is less than US$100m (₫2.40t market cap, or US$98.4m). Reported Earnings • Jan 23
Full year 2023 earnings released: EPS: ₫1,003 (vs ₫2,905 in FY 2022) Full year 2023 results: EPS: ₫1,003 (down from ₫2,905 in FY 2022). Revenue: ₫1.43t (down 33% from FY 2022). Net income: ₫87.3b (down 64% from FY 2022). Profit margin: 6.1% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Major Estimate Revision • Dec 29
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₫1.62t to ₫1.57t. EPS estimate also fell from ₫1,471 per share to ₫1,256 per share. Net income forecast to grow 9.2% next year vs 26% growth forecast for Luxury industry in Vietnam. Consensus price target down from ₫33,497 to ₫32,690. Share price rose 2.2% to ₫25,950 over the past week. Price Target Changed • Dec 21
Price target increased by 7.1% to ₫34,910 Up from ₫32,581, the current price target is an average from 5 analysts. New target price is 37% above last closing price of ₫25,500. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₫1,471 for next year compared to ₫2,905 last year. New Risk • Oct 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₫2.42t (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.2% net profit margin). Market cap is less than US$100m (₫2.42t market cap, or US$98.4m). Buying Opportunity • Oct 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be ₫37,567, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.5%. Revenue is forecast to grow by 74% in 2 years. Earnings is forecast to grow by 119% in the next 2 years. Price Target Changed • Jul 26
Price target increased by 7.5% to ₫29,013 Up from ₫26,995, the current price target is an average from 5 analysts. New target price is 7.6% below last closing price of ₫31,400. Stock is down 29% over the past year. The company is forecast to post earnings per share of ₫2,107 for next year compared to ₫2,905 last year. New Risk • Jul 21
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: 8.2% Last year net profit margin: 13% 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 Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.2% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: ₫458 (vs ₫903 in 2Q 2022) Second quarter 2023 results: EPS: ₫458 (down from ₫903 in 2Q 2022). Revenue: ₫407.3b (down 23% from 2Q 2022). Net income: ₫37.5b (down 45% from 2Q 2022). Profit margin: 9.2% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Luxury industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫29,950, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Luxury industry in Asia. Total returns to shareholders of 163% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫22,925 per share. Major Estimate Revision • Jun 15
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₫2.01t to ₫1.84t. EPS estimate also fell from ₫3,253 per share to ₫2,577 per share. Net income forecast to grow 35% next year vs 13% growth forecast for Luxury industry in Vietnam. Consensus price target broadly unchanged at ₫30,920. Share price rose 3.0% to ₫29,000 over the past week. Price Target Changed • Jun 01
Price target decreased by 11% to ₫31,300 Down from ₫35,140, the current price target is an average from 5 analysts. New target price is 10% above last closing price of ₫28,450. Stock is down 49% over the past year. The company is forecast to post earnings per share of ₫3,253 for next year compared to ₫3,341 last year. Buying Opportunity • May 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.4%. The fair value is estimated to be ₫34,565, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 65% in 2 years. Earnings is forecast to grow by 108% in the next 2 years. Announcement • Feb 07
Century Synthetic Fiber Corporation, Annual General Meeting, Mar 30, 2023 Century Synthetic Fiber Corporation, Annual General Meeting, Mar 30, 2023. Reported Earnings • Jan 19
Full year 2022 earnings released: EPS: ₫3,480 (vs ₫4,084 in FY 2021) Full year 2022 results: EPS: ₫3,480 (down from ₫4,084 in FY 2021). Revenue: ₫2.11t (up 3.5% from FY 2021). Net income: ₫240.4b (down 14% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 19% per year. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 16% share price gain to ₫30,000, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Luxury industry in Vietnam. Total returns to shareholders of 144% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫39,847 per share. Major Estimate Revision • Nov 23
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₫2.31t to ₫2.23t. EPS estimate also fell from ₫3,938 per share to ₫3,457 per share. Net income forecast to grow 7.8% next year vs 7.8% growth forecast for Luxury industry in Vietnam. Consensus price target down from ₫50,623 to ₫42,438. Share price fell 7.4% to ₫25,800 over the past week. Board Change • Nov 16
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. 7 non-independent directors. Vice Chairman, MD, General Director & Member of Management Board Hoa Dang was the last director to join the board, commencing their role in 2020. 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 • Oct 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₫27,400, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Luxury industry in Vietnam. Total returns to shareholders of 93% over the past three years. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: ₫613 (vs ₫883 in 3Q 2021) Third quarter 2022 results: EPS: ₫613 (down from ₫883 in 3Q 2021). Revenue: ₫515.1b (up 9.9% from 3Q 2021). Net income: ₫50.1b (down 20% from 3Q 2021). Profit margin: 9.7% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 18% per year. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₫33,000, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Luxury industry in Vietnam. Total returns to shareholders of 129% over the past three years. Price Target Changed • Aug 14
Price target decreased to ₫63,075 Down from ₫71,850, the current price target is an average from 4 analysts. New target price is 39% above last closing price of ₫45,400. Stock is down 5.4% over the past year. The company is forecast to post earnings per share of ₫4,151 for next year compared to ₫4,084 last year. Major Estimate Revision • Aug 11
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₫2.65t to ₫2.47t. EPS estimate also fell from ₫4,639 per share to ₫4,151 per share. Net income forecast to grow 35% next year vs 38% growth forecast for Luxury industry in Vietnam. Consensus price target down from ₫71,850 to ₫69,350. Share price fell 3.6% to ₫46,250 over the past week. Price Target Changed • May 21
Price target increased to ₫71,850 Up from ₫66,400, the current price target is an average from 4 analysts. New target price is 33% above last closing price of ₫54,200. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₫4,639 for next year compared to ₫4,084 last year. Board Change • Apr 27
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. 7 non-independent directors. Vice Chairman, MD, General Director & Member of Management Board Hoa Dang was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 20
Now 21% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be ₫79,464, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Earnings per share has grown by 5.7%. For the next 3 years, revenue is forecast to grow by 25% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₫68,000, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Luxury industry in Vietnam. Total returns to shareholders of 283% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫80,092 per share. Upcoming Dividend • Apr 15
Upcoming dividend of ₫1,500 per share Eligible shareholders must have bought the stock before 22 April 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Vietnamese dividend payers (6.1%). Higher than average of industry peers (1.6%). Announcement • Apr 13
Century Synthetic Fiber Corporation Announces Dividend for 2021, Payable on May 23, 2022 Century Synthetic Fiber Corporation announced dividend payment in cash of 15% of par value (VND 1,500 per share) for 2021. Record date is April 25, 2022. Payment date is since May 23, 2022. Ex-right date is April 22, 2022. Announcement • Apr 06
Century Synthetic Fiber Corporation to Pay Cash Dividend for 2021, Payable on May 23, 2022 Century Synthetic Fiber Corporation announced that company to pay dividend payment in cash of 15% of par value (VND 1,500 per share) for 2021. The record date to finalize shareholders list is April 25, 2022. Payment date is since May 23, 2022. Price Target Changed • Mar 19
Price target increased to ₫66,550 Up from ₫60,900, the current price target is an average from 3 analysts. New target price is 23% above last closing price of ₫54,000. Stock is up 75% over the past year. The company is forecast to post earnings per share of ₫4,677 for next year compared to ₫4,084 last year. Announcement • Feb 18
Century Synthetic Fiber Corporation, Annual General Meeting, Mar 31, 2022 Century Synthetic Fiber Corporation, Annual General Meeting, Mar 31, 2022. Location: Windsor Plaza Hotel, 18 An Duong Vuong, district 5 Ho Chi Minh Vietnam Recent Insider Transactions • Dec 04
Key Executive recently sold ₫400m worth of stock On the 2nd of December, Phan Bich sold around 40k shares on-market at roughly ₫10,000 per share. This was the largest sale by an insider in the last 3 months. This was Phan's only on-market trade for the last 12 months. Price Target Changed • Nov 30
Price target increased to ₫57,733 Up from ₫52,017, the current price target is an average from 6 analysts. New target price is 8.5% below last closing price of ₫63,100. Stock is up 206% over the past year. The company is forecast to post earnings per share of ₫3,583 for next year compared to ₫2,091 last year. Price Target Changed • Nov 08
Price target increased to ₫52,017 Up from ₫47,658, the current price target is an average from 6 analysts. New target price is 15% below last closing price of ₫60,900. Stock is up 226% over the past year. The company is forecast to post earnings per share of ₫3,322 for next year compared to ₫2,091 last year. Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS ₫883 (vs ₫284 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫468.6b (up 43% from 3Q 2020). Net income: ₫62.4b (up 210% from 3Q 2020). Profit margin: 13% (up from 6.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 25
Price target increased to ₫37,810 Up from ₫34,180, the current price target is an average from 5 analysts. New target price is 10% below last closing price of ₫42,100. Stock is up 187% over the past year. Reported Earnings • Jul 20
Second quarter 2021 earnings released: EPS ₫1,000 (vs ₫40.23 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫510.0b (up 102% from 2Q 2020). Net income: ₫70.7b (up ₫67.9b from 2Q 2020). Profit margin: 14% (up from 1.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 06
Upcoming dividend of ₫1,500 per share Eligible shareholders must have bought the stock before 13 July 2021. Payment date: 02 August 2021. Trailing yield: 3.8%. Lower than top quartile of Vietnamese dividend payers (7.4%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 15% share price gain to ₫36,900, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Luxury industry in Asia. Total returns to shareholders of 403% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫60,320 per share. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 22% share price gain to ₫36,100, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Luxury industry in Asia. Total returns to shareholders of 417% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫36,285 per share. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS ₫2,091 (vs ₫3,163 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫1.77t (down 21% from FY 2019). Net income: ₫144.4b (down 33% from FY 2019). Profit margin: 8.2% (down from 9.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 19% share price gain to ₫31,350, the stock is trading at a trailing P/E ratio of 14.9x, up from the previous P/E ratio of 12.5x. This compares to an average P/E of 13x in the Luxury industry in Vietnam. Total returns to shareholders over the past three years are 322%. Is New 90 Day High Low • Feb 20
New 90-day high: ₫27,500 The company is up 42% from its price of ₫19,400 on 20 November 2020. The Vietnamese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫45,934 per share. Major Estimate Revision • Feb 06
Analysts increase revenue estimates to ₫2.34t The 2021 consensus revenue estimate increased from ₫2.07t. Earning per share (EPS) estimate also increased from ₫2,421 to ₫2,680 for the same period. Net income is expected to grow by 67% next year compared to 24% growth forecast for the Luxury industry in Vietnam. The consensus price target increased from ₫19,975 to ₫22,600. Share price is up 1.4% to ₫26,200 over the past week. Reported Earnings • Jan 24
Full year 2020 earnings released: EPS ₫2,103 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫1.77t (down 21% from FY 2019). Net income: ₫143.4b (down 33% from FY 2019). Profit margin: 8.1% (down from 9.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Analyst Estimate Surprise Post Earnings • Jan 24
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the Luxury industry in Vietnam. Is New 90 Day High Low • Jan 12
New 90-day high: ₫22,200 The company is up 37% from its price of ₫16,150 on 14 October 2020. The Vietnamese market is up 25% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫30,424 per share. Is New 90 Day High Low • Dec 18
New 90-day high: ₫22,000 The company is up 45% from its price of ₫15,150 on 18 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫20,872 per share. Major Estimate Revision • Nov 24
Analysts increase EPS estimates to ₫1,818 The 2020 consensus revenue estimate increased from ₫1.62t to ₫1.74t. The earnings per share estimate also received an upgrade from ₫1,452 to ₫1,818 for the same period. Net income is expected to grow by 29% next year compared to 17% growth forecast for the Luxury industry in Vietnam. The consensus price target increased from ₫17,617 to ₫19,433. Share price is up 4.6% to ₫20,500 over the past week. Price Target Changed • Nov 23
Price target raised to ₫19,433 Up from ₫17,617, the current price target is an average from 3 analysts. The new target price is close to the current share price of ₫19,750. As of last close, the stock is up 7.9% over the past year. Is New 90 Day High Low • Nov 09
New 90-day high: ₫18,700 The company is up 27% from its price of ₫14,700 on 11 August 2020. The Vietnamese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫19,552 per share. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫128.3b, down 38% from the prior year. Total revenue was ₫1.77t over the last 12 months, down 22% from the prior year. Is New 90 Day High Low • Oct 19
New 90-day high: ₫16,550 The company is up 7.0% from its price of ₫15,400 on 21 July 2020. The Vietnamese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫19,471 per share.