Reported Earnings • Apr 30
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₫8.70t (up 45% from 1Q 2025). Net income: ₫415.6b (up 25% from 1Q 2025). Profit margin: 4.8% (down from 5.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Energy Services industry in Asia. Price Target Changed • Mar 08
Price target increased by 9.6% to ₫49,025 Up from ₫44,731, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₫51,000. Stock is up 60% over the past year. The company is forecast to post earnings per share of ₫3,010 for next year compared to ₫3,560 last year. Major Estimate Revision • Mar 03
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from ₫2,536 to ₫2,917. Revenue forecast steady at ₫42t. Net income forecast to grow 0.5% next year vs 14% growth forecast for Energy Services industry in Vietnam. Consensus price target up from ₫44,732 to ₫46,077. Share price rose 16% to ₫54,600 over the past week. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫54,600, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Energy Services industry in Asia. Total returns to shareholders of 126% over the past three years. New Risk • Mar 02
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 7.9% 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 (7.9% average weekly change). High level of non-cash earnings (149% accrual ratio). Price Target Changed • Feb 20
Price target increased by 7.3% to ₫42,928 Up from ₫40,014, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ₫44,300. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₫2,479 for next year compared to ₫3,560 last year. Announcement • Feb 13
PetroVietnam Technical Services Corporation, Annual General Meeting, Apr 23, 2026 PetroVietnam Technical Services Corporation, Annual General Meeting, Apr 23, 2026. Location: no. 1-5 le duan street, sai gon ward, ho chi minh Vietnam Reported Earnings • Jan 30
Full year 2025 earnings released: EPS: ₫3,560 (vs ₫1,797 in FY 2024) Full year 2025 results: EPS: ₫3,560 (up from ₫1,797 in FY 2024). Revenue: ₫33t (up 37% from FY 2024). Net income: ₫1.82t (up 98% from FY 2024). Profit margin: 5.6% (up from 3.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 27% per year and the company’s share price has also increased by 27% per year. New Risk • Jan 21
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: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫32,700, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Energy Services industry in Asia. Total returns to shareholders of 18% over the past three years. Price Target Changed • Apr 26
Price target decreased by 9.0% to ₫43,813 Down from ₫48,133, the current price target is an average from 5 analysts. New target price is 68% above last closing price of ₫26,100. Stock is down 34% over the past year. The company is forecast to post earnings per share of ₫2,249 for next year compared to ₫1,923 last year. Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₫35t to ₫36t. EPS estimate fell from ₫2,544 to ₫2,249 per share. Net income forecast to grow 38% next year vs 19% growth forecast for Energy Services industry in Vietnam. Consensus price target down from ₫48,133 to ₫46,933. Share price was steady at ₫26,100 over the past week. Reported Earnings • Apr 22
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: ₫1,923 (up from ₫1,377 in FY 2023). Revenue: ₫24t (up 23% from FY 2023). Net income: ₫919.0b (up 40% from FY 2023). Profit margin: 3.9% (up from 3.4% in FY 2023). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Apr 10
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 6.4% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫26,300, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Energy Services industry in Asia. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫25,759 per share. Announcement • Mar 21
PetroVietnam Technical Services Corporation, Annual General Meeting, May 29, 2025 PetroVietnam Technical Services Corporation, Annual General Meeting, May 29, 2025. Location: hochiminh Vietnam Upcoming Dividend • Nov 06
Upcoming dividend of ₫700 per share Eligible shareholders must have bought the stock before 13 November 2024. Payment date: 17 December 2024. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Vietnamese dividend payers (8.3%). Lower than average of industry peers (2.4%). Reported Earnings • Oct 31
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ₫4.82t (up 15% from 3Q 2023). Net income: ₫134.9b (down 4.4% from 3Q 2023). Profit margin: 2.8% (down from 3.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 09
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to ₫38,600. The fair value is estimated to be ₫31,961, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 97% in 2 years. Earnings are forecast to grow by 101% in the next 2 years. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: ₫408 (vs ₫469 in 2Q 2023) Second quarter 2024 results: EPS: ₫408 (down from ₫469 in 2Q 2023). Revenue: ₫5.58t (up 18% from 2Q 2023). Net income: ₫194.8b (down 13% from 2Q 2023). Profit margin: 3.5% (down from 4.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 08
Price target increased by 8.9% to ₫45,900 Up from ₫42,160, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₫43,900. Stock is up 43% over the past year. The company is forecast to post earnings per share of ₫2,140 for next year compared to ₫1,579 last year. Major Estimate Revision • May 07
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₫27t to ₫24t. EPS estimate fell from ₫2,119 to ₫1,986 per share. Net income forecast to grow 42% next year vs 29% growth forecast for Energy Services industry in Vietnam. Consensus price target broadly unchanged at ₫42,340. Share price rose 2.8% to ₫40,800 over the past week. Reported Earnings • May 02
First quarter 2024 earnings released First quarter 2024 results: Revenue: ₫3.71t (flat on 1Q 2023). Net income: ₫300.7b (up 40% from 1Q 2023). Profit margin: 8.1% (up from 5.8% in 1Q 2023). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Energy Services industry in Asia. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: ₫1,812 (vs ₫1,575 in FY 2022) Full year 2023 results: EPS: ₫1,812 (up from ₫1,575 in FY 2022). Revenue: ₫19t (up 18% from FY 2022). Net income: ₫866.1b (up 15% from FY 2022). Profit margin: 4.5% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 02
Price target increased by 9.0% to ₫42,217 Up from ₫38,743, the current price target is an average from 6 analysts. New target price is 11% above last closing price of ₫38,000. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₫1,621 for next year compared to ₫1,575 last year. Price Target Changed • Aug 31
Price target increased by 7.9% to ₫37,533 Up from ₫34,783, the current price target is an average from 6 analysts. New target price is 5.7% above last closing price of ₫35,500. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₫1,587 for next year compared to ₫1,575 last year. New Risk • Aug 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: ₫470 (vs ₫14.12 in 2Q 2022) Second quarter 2023 results: EPS: ₫470 (up from ₫14.12 in 2Q 2022). Revenue: ₫4.71t (up 24% from 2Q 2022). Net income: ₫224.6b (up ₫217.8b from 2Q 2022). Profit margin: 4.8% (up from 0.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 23
Price target increased by 10% to ₫33,733 Up from ₫30,650, the current price target is an average from 6 analysts. New target price is 6.1% above last closing price of ₫31,800. Stock is up 33% over the past year. The company is forecast to post earnings per share of ₫1,608 for next year compared to ₫1,575 last year. Price Target Changed • Jun 12
Price target increased by 7.4% to ₫30,650 Up from ₫28,550, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₫30,900. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₫1,499 for next year compared to ₫1,575 last year. Major Estimate Revision • May 11
Consensus EPS estimates increase by 15%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₫19t to ₫18t. EPS estimate rose from ₫1,340 to ₫1,540. Net income forecast to grow 13% next year vs 16% growth forecast for Energy Services industry in Vietnam. Consensus price target of ₫27,820 unchanged from last update. Share price rose 4.0% to ₫26,100 over the past week. Price Target Changed • Feb 07
Price target increased by 11% to ₫25,125 Up from ₫22,700, the current price target is an average from 4 analysts. New target price is 7.8% above last closing price of ₫23,300. Stock is down 19% over the past year. The company is forecast to post earnings per share of ₫1,135 for next year compared to ₫1,060 last year. Price Target Changed • Jan 04
Price target decreased to ₫22,700 Down from ₫25,200, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₫22,900. Stock is down 19% over the past year. The company is forecast to post earnings per share of ₫1,135 for next year compared to ₫910 last year. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 18% share price gain to ₫22,800, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Energy Services industry in Asia. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫12,935 per share. Price Target Changed • Nov 29
Price target decreased to ₫25,825 Down from ₫29,400, the current price target is an average from 4 analysts. New target price is 22% above last closing price of ₫21,100. Stock is down 17% over the past year. The company is forecast to post earnings per share of ₫1,461 for next year compared to ₫910 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Member of the Supervisory Board Tien Pham was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: ₫402 (vs ₫463 in 3Q 2021) Third quarter 2022 results: EPS: ₫402 (down from ₫463 in 3Q 2021). Revenue: ₫3.50t (down 12% from 3Q 2021). Net income: ₫192.2b (down 13% from 3Q 2021). Profit margin: 5.5% (down from 5.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 27 September 2022. Payment date: 28 October 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.8%. Lower than top quartile of Vietnamese dividend payers (7.6%). Higher than average of industry peers (1.6%). Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: ₫25.32 (vs ₫318 in 2Q 2021) Second quarter 2022 results: EPS: ₫25.32 (down from ₫318 in 2Q 2021). Revenue: ₫3.81t (up 25% from 2Q 2021). Net income: ₫12.1b (down 92% from 2Q 2021). Profit margin: 0.3% (down from 5.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.8%, compared to a 14% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₫24,700, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Energy Services industry in Asia. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫20,992 per share. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 26% share price gain to ₫28,300, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Energy Services industry in Asia. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫20,393 per share. Reported Earnings • Apr 28
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ₫910 (up from ₫824 in FY 2020). Revenue: ₫14t (down 30% from FY 2020). Net income: ₫435.0b (up 11% from FY 2020). Profit margin: 3.1% (up from 2.0% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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. 5 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). President, CEO & Director Manh Le was the last director to join the board, commencing their role in 2018. 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 21
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₫24,600, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Energy Services industry in Asia. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫19,472 per share. Major Estimate Revision • Mar 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₫15t to ₫16t. EPS estimate fell from ₫1,698 to ₫1,516 per share. Net income forecast to grow 20% next year vs 37% growth forecast for Energy Services industry in Vietnam. Consensus price target up from ₫28,500 to ₫30,350. Share price rose 6.8% to ₫36,100 over the past week. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 19% share price gain to ₫34,800, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Energy Services industry in Asia. Total returns to shareholders of 96% over the past three years. Price Target Changed • Jan 14
Price target decreased to ₫23,725 Down from ₫26,600, the current price target is an average from 3 analysts. New target price is 15% below last closing price of ₫27,900. Stock is up 29% over the past year. The company is forecast to post earnings per share of ₫1,363 for next year compared to ₫1,045 last year. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS ₫463 (vs ₫412 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₫3.98t (down 33% from 3Q 2020). Net income: ₫221.1b (up 12% from 3Q 2020). Profit margin: 5.6% (up from 3.3% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 27 September 2021. Payment date: 28 October 2021. Trailing yield: 3.7%. Lower than top quartile of Vietnamese dividend payers (6.6%). Higher than average of industry peers (1.7%). Price Target Changed • Sep 07
Price target increased to ₫21,800 Up from ₫19,900, the current price target is an average from 4 analysts. New target price is 15% below last closing price of ₫25,600. Stock is up 105% over the past year. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS ₫342 (vs ₫557 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ₫3.06t (down 45% from 2Q 2020). Net income: ₫163.6b (down 39% from 2Q 2020). Profit margin: 5.3% (up from 4.8% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫25,000, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Energy Services industry in Asia. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫14,311 per share. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 18% share price gain to ₫25,800, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Energy Services industry in Asia. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫13,168 per share. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₫19,400, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Energy Services industry in Asia. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫8,544 per share. Price Target Changed • Mar 03
Price target raised to ₫18,100 Up from ₫15,680, the current price target is an average from 3 analysts. The new target price is 21% below the current share price of ₫22,800. As of last close, the stock is up 48% over the past year. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 16% share price gain to ₫21,800, the stock is trading at a trailing P/E ratio of 19.9x, up from the previous P/E ratio of 17.2x. This compares to an average P/E of 50x in the Energy Services industry in Vietnam. Total returns to shareholders over the past three years are 25%. Is New 90 Day High Low • Feb 18
New 90-day high: ₫21,800 The company is up 47% from its price of ₫14,800 on 20 November 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 45% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫8,394 per share. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 25% share price decline to ₫15,300, the stock is trading at a trailing P/E ratio of 10.6x, down from the previous P/E ratio of 14x. This compares to an average P/E of 12x in the Energy Services industry in Vietnam. Total return to shareholders over the past three years is a loss of 25%. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 15% share price gain to ₫20,500, the stock is trading at a trailing P/E ratio of 14.2x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 14x in the Energy Services industry in Vietnam. Total return to shareholders over the past three years is a loss of 6.5%. Is New 90 Day High Low • Jan 04
New 90-day high: ₫18,800 The company is up 32% from its price of ₫14,200 on 06 October 2020. The Vietnamese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫8,823 per share. Is New 90 Day High Low • Dec 15
New 90-day high: ₫15,900 The company is up 27% from its price of ₫12,500 on 15 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫4,573 per share. Price Target Changed • Dec 03
Price target raised to ₫15,680 Up from ₫14,380, the current price target is an average from 5 analysts. The new target price is close to the current share price of ₫15,400. As of last close, the stock is down 10% over the past year. Is New 90 Day High Low • Nov 10
New 90-day high: ₫14,300 The company is up 15% from its price of ₫12,400 on 12 August 2020. The Vietnamese market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫7,350 per share. Price Target Changed • Nov 10
Price target lowered to ₫14,200 Down from ₫15,680, the current price target is an average from 4 analysts. The new target price is close to the current share price of ₫14,300. As of last close, the stock is down 24% over the past year. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS ₫412 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₫5.97t (up 28% from 3Q 2019). Net income: ₫197.0b (up 217% from 3Q 2019). Profit margin: 3.3% (up from 1.3% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 22
New 90-day high: ₫13,500 The company is up 8.0% from its price of ₫12,500 on 24 June 2020. The Vietnamese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫7,538 per share. 
