Hang Xanh Motors Service JSC

Hang Xanh Motors Service JSC maintains a relatively balanced capital structure, with a debt-to-equity ratio of 0.55, indicating moderate leverage. The company's liquidity position is characterized as medium, with a current ratio of 1.42, suggesting it can cover short-term obligations but with limited buffer. Free cash flow is negative at -25,958.83 million VND, primarily due to significant capital expenditures of -123,989.35 million VND, which outstrip operating cash flow of 120,751.29 million VND.

Profitability metrics show a return on equity (ROE) of 0.68% and a return on assets (ROA) of 0.38%, both below the typical thresholds for healthy performance in the retail sector. The company's operating income of 19,671.19 million VND and net income of 7,500.90 million VND reflect modest profitability, with gross profit at 96,189.96 million VND. These figures suggest the company is generating revenue but with limited efficiency in converting it into profit.

Geographically and segment-wise, the company's exposure is concentrated within Vietnam, as disclosed in its financials. There is no detailed breakdown of revenue by geographic region or business segment in the provided data, but the company's operations are primarily retail-focused. This concentration may expose the company to regional economic fluctuations and regulatory changes.

Looking ahead, the company's growth trajectory is uncertain. Analysts have provided a mean price target of 11,400.00 VND, with a median of 11,400.00 VND and a range from 10,900.00 VND to 11,900.00 VND. The mean recommendation is 2.50, indicating a neutral stance with one "buy" and one "hold" rating. The absence of strong buy ratings suggests limited optimism about near-term growth.

Risk factors include liquidity concerns, as the company's net cash is negative after subtracting total debt. The risk assessment indicates a low probability of dilution, but the company's capital structure and free cash flow dynamics suggest potential for future equity issuance if needed. No specific dilution sources are cited in the provided data.

Recent events and filings do not provide additional context for the company's performance or strategic direction. The financial data is current as of the latest market data report, but there are no recent transcripts or filings that indicate significant operational or strategic changes.

Analysts project 12.9% upside to a mean price target of 11,400 VND, signaling positive market sentiment.

Cash conversion of 16.1% ranks best-in-class among 70 peers, indicating superior operational efficiency relative to competitors.

Gross profit reached 511.9 billion VND in FY2025, demonstrating strong top-line profitability despite recent revenue declines.

Dilution risk is assessed as low, providing reassurance to existing shareholders regarding potential equity value erosion.

The company faces high credit risk, suggesting potential difficulties in meeting debt obligations or securing financing.

Free cash flow deteriorated to negative 349.9 billion VND, indicating severe cash burn and liquidity pressures.

Net margin of 0.67% falls well below the 1.51% cohort median, highlighting weak profitability compared to peers.

Return on equity of 0.68% is significantly below the 4.44% peer median, showing poor capital efficiency.

Revenue VND 4.65T, −15,7% YoY; Operating income −122,2% YoY.

• ▍Revenue VND 4.65T, −15,7% YoY
• ▍Operating income −122,2% YoY
• ▍Net income −95,5% YoY
• ▍Free cash flow −99,2% YoY
• ▍Net margin 0.1%

Revenue VND 5.51T, +38,5% YoY; Operating income +838,1% YoY.

• ▍Revenue VND 5.51T, +38,5% YoY
• ▍Operating income +838,1% YoY
• ▍Net income +261,3% YoY
• ▍Free cash flow +60,4% YoY
• ▍Net margin 2.3%

Revenue VND 6.78T, +22,0% YoY; Operating income +49,9% YoY.

• ▍Revenue VND 6.78T, +22,0% YoY
• ▍Operating income +49,9% YoY
• ▍Net income +49,5% YoY
• ▍Free cash flow −129,2% YoY
• ▍Net margin 3.5%

Revenue VND 5.55T; Operating income VND 173.19B.

• ▍Revenue VND 5.55T
• ▍Operating income VND 173.19B
• ▍Net margin 2.9%