CVT—56

CMC JSC

Construction Supplies & FixturesVerified

Score breakdown

Profitability+32Sentiment+21Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations3

CMC JSC maintains a debt-to-equity ratio of 1.37, indicating a moderate reliance on debt financing relative to equity. The company's liquidity position is characterized as medium, with a current ratio of 1.69, suggesting it can cover short-term obligations but with limited buffer. Free cash flow of 135,111,555,430 VND supports operational flexibility, though net cash is negative after subtracting total debt [doc:HA-latest]. Profitability metrics show a return on equity (ROE) of 4.9% and a return on assets (ROA) of 1.59%. These figures are below the industry median for ROE and ROA in the Construction Supplies & Fixtures sector, indicating that CMC JSC is underperforming in terms of capital efficiency and asset utilization [doc:HA-latest]. The company's revenue is concentrated in its core construction supplies and fixtures business, with no disclosed geographic diversification beyond Vietnam. This concentration increases exposure to local economic and regulatory conditions, as well as cyclical demand in the construction sector [doc:HA-latest]. Looking ahead, the company's revenue is projected to grow, supported by ongoing infrastructure development in Vietnam. However, the growth trajectory is contingent on maintaining stable input costs and managing debt levels. Capital expenditure of -29,462,948,950 VND indicates a reduction in investment, which may affect long-term capacity and competitiveness [doc:HA-latest]. Risk factors include liquidity constraints and the potential for dilution, though the latter is currently assessed as low. The company's net cash position is negative after subtracting total debt, signaling a need for careful liquidity management. No recent dilutive events have been disclosed, and the dilution potential remains minimal [doc:HA-latest]. Recent filings and transcripts do not indicate any material changes in the company's strategic direction or operational performance. The company continues to focus on its core manufacturing activities, with no significant new product launches or market expansions disclosed in the latest reports [doc:HA-latest].

Profile

CompanyCMC JSC

TickerCVT.HM

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryConstruction Supplies & Fixtures

AI analysis

Business. CMC Joint Stock Company is a Vietnam-based manufacturer of flooring and interior tiles, including ceramic and granite-based products, as well as clay bricks and roofing tiles [doc:HA-latest].

Classification. CMC JSC is classified under the Consumer Cyclicals economic sector, Cyclical Consumer Products business sector, and Construction Supplies & Fixtures industry, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

CMC JSC has a moderate debt load and a current ratio of 1.69, indicating acceptable short-term liquidity.
The company's ROE of 4.9% and ROA of 1.59% are below industry medians, suggesting underperformance in capital efficiency.
Revenue is concentrated in Vietnam's construction sector, increasing exposure to local economic cycles.
Free cash flow of 135,111,555,430 VND provides some flexibility, but net cash is negative after subtracting total debt.
No recent dilutive events have been disclosed, and dilution risk is currently low.
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Financial snapshot

PeriodHA-latest

CurrencyVND

Revenue$2.11T

Gross profit$222.16B

Operating income$47.85B

Net income$49.97B

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$100.77B

CapEx-$29.46B

Free cash flow$135.11B

Total assets$3.15T

Total liabilities$2.13T

Total equity$1.02T

Cash & equivalents$325.35B

Long-term debt$1.40T

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$2.11T$47.85B$49.97B$135.11B

FY-1$1.71T$88.26B$59.81B$166.84B

FY-2$1.83T$65.06B$40.61B$103.96B

FY-3$2.02T$124.47B$94.94B-$18.28B

FY-4$1.44T$120.68B$94.20B-$144.86B

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$3.15T$1.02T$325.35B—

FY-1$3.33T$970.41B$266.00B—

FY-2$3.31T$911.42B$111.35B—

FY-3$3.37T$871.62B$100.04B—

FY-4$2.43T$777.55B$0.00—

PeriodOCFCapExFCFSBC

FY0$100.77B-$29.46B$135.11B—

FY-1$266.67B-$9.06B$166.84B—

FY-2-$62.53B-$72.12B$103.96B—

FY-3-$121.49B-$258.50B-$18.28B—

FY-4$202.19B-$278.77B-$144.86B—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$529.30B-$26.68B-$2.34B$24.81B

FQ-1$521.34B$34.18B$22.83B$26.92B

FQ-2$593.37B$12.89B$8.49B$68.60B

FQ-3$470.45B$27.46B$20.99B$14.07B

FQ-4$528.77B$525.2M-$6.46B$42.93B

FQ-5$456.49B$35.39B$26.03B$30.68B

FQ-6$431.71B$29.56B$22.53B$55.60B

FQ-7$294.88B$22.78B$17.71B$37.84B

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$3.15T$1.02T$325.35B—

FQ-1$3.10T$1.02T$213.10B—

FQ-2$3.31T$999.48B$440.72B—

FQ-3$3.08T$991.19B$217.00B—

FQ-4$3.33T$970.41B$266.00B—

FQ-5$3.24T$977.07B$0.00—

FQ-6$3.32T$951.24B$85.35B—

FQ-7$3.13T$928.92B$0.00—

PeriodOCFCapExFCFSBC

FQ0$100.77B-$29.46B$24.81B—

FQ-1-$163.46B-$28.01B$26.92B—

FQ-2$132.11B-$3.44B$68.60B—

FQ-3-$65.17B-$35.25B$14.07B—

FQ-4$266.67B-$9.06B$42.93B—

FQ-5-$187.15B-$30.85B$30.68B—

FQ-6-$28.95B-$6.17B$55.60B—

FQ-7-$158.14B-$9.62B$37.84B—

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$1.02T

Net cash-$1.08T

Current ratio1.7

Debt/Equity1.4

ROA1.6%

ROE4.9%

Cash conversion2.0%

CapEx/Revenue-1.4%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Construction Supplies & Fixtures · cohort 3 companies

MetricCVTActivity

Op margin2.3%3.2% medp25 1.3% · p75 7.6%below median

Net margin2.4%-1.0% medp25 -4.4% · p75 5.3%above median

Gross margin10.5%28.1% medp25 25.5% · p75 37.0%bottom quartile

R&D / revenue—1.0% medp25 0.7% · p75 1.2%

CapEx / revenue-1.4%3.8% medp25 1.9% · p75 5.3%bottom quartile

Debt / equity137.0%31.5% medp25 26.5% · p75 76.6%top quartile

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-03 10:08 UTC#c22f895d

Source: analysis-pipeline (hybrid)Generated: 2026-05-03 10:09 UTCJob: 573759a5