Ben Thanh Tourist Service Corp

Ben Thanh Tourist Service Corp has a liquidity position that is currently rated as medium, with a current ratio of 1.36, indicating that it has sufficient short-term assets to cover its short-term liabilities, but not with a large margin of safety. The company's debt-to-equity ratio is 0.23, which is relatively low, suggesting a conservative capital structure with limited leverage. However, the company's operating cash flow is negative at -24,391,369,460 VND, which raises concerns about its ability to fund operations from core business activities.

In terms of profitability, the company's return on equity (ROE) is 2.89%, and its return on assets (ROA) is 1.29%. These figures are below the typical thresholds for strong performance in the Leisure & Recreation industry, indicating that the company is not generating particularly high returns relative to its equity or total assets. The company's net income of 6,672,503,890 VND is modest compared to its revenue of 175,843,950,720 VND, suggesting that it is not highly profitable on a relative basis.

The company's geographic and segment exposure is not explicitly detailed in the available data, but as a Leisure & Recreation firm, it is likely concentrated in domestic tourism and travel services. Given the cyclical nature of the industry, the company's revenue is likely sensitive to macroeconomic conditions and consumer spending patterns.

Looking ahead, the company's growth trajectory is uncertain. While it has a free cash flow of 7,547,283,120 VND, which is positive, the negative operating cash flow suggests that the company may need to rely on external financing or asset sales to sustain operations in the near term. The company's revenue history does not provide a clear indication of a strong growth trend, and the outlook for the next fiscal year remains cautious.

The company's risk profile includes a medium liquidity risk, primarily due to its negative net cash position after accounting for total debt. The dilution risk is currently rated as low, but the company's reliance on external financing could increase this risk in the future. The company has not disclosed any recent events such as major filings or transcripts that would indicate significant changes in its business strategy or financial position.

The company's recent financial performance and risk profile suggest that it is operating in a challenging environment. The Leisure & Recreation industry is highly sensitive to economic cycles and consumer confidence, and the company's current financial metrics indicate that it is not performing at a level that would be considered strong within the industry.

Revenue grew 40.2% annually over four years, demonstrating strong top-line expansion for the leisure company.

The company generated positive free cash flow of 31.2 billion VND in the latest fiscal year.

Net income increased 5.4% year-over-year to nearly 28 billion VND, showing recent profitability growth.

The debt-to-equity ratio of 0.23 is below the cohort median of 0.30, indicating conservative leverage.

Dilution risk is assessed as low, suggesting limited immediate threat to existing shareholder equity value.

Operating income declined 5.4% year-over-year, signaling deteriorating core operational efficiency despite revenue growth.

Cash conversion is in the bottom quartile of the cohort, indicating poor ability to turn earnings into cash.

The company faces high credit risk, posing significant potential for financial distress or default issues.

Operating and net margins are below cohort medians, reflecting weaker profitability compared to leisure peers.

Return on equity of 2.89% trails the cohort median of 3.89%, showing inferior capital efficiency.