Phu Tai JSC

Phu Tai JSC maintains a debt-to-equity ratio of 0.59, indicating a moderate reliance on debt financing, and a current ratio of 1.24, suggesting limited short-term liquidity cushion. The company's cash and equivalents of 41.4 billion VND are insufficient to cover its long-term debt of 1.59 trillion VND, resulting in a net cash deficit. This liquidity profile is categorized as medium risk, with the key flag being negative net cash after subtracting total debt.

The company's return on equity (ROE) of 3.29% and return on assets (ROA) of 1.73% are below the typical thresholds for capital efficiency in the home furnishings industry. These returns suggest that Phu Tai JSC is underperforming relative to its asset base and equity capital. Gross profit of 303.04 billion VND and operating income of 110.59 billion VND indicate a healthy gross margin but a relatively modest operating margin, which may reflect competitive pressures or cost management challenges.

Phu Tai JSC's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of segmentation and geographic exposure increases the company's vulnerability to regional economic shifts or supply chain disruptions. The absence of segment-specific revenue data limits the ability to assess the performance of individual product lines or markets.

The company's growth trajectory is constrained by its capital structure and operational performance. With a net income of 89.18 billion VND and free cash flow of 22.61 billion VND, Phu Tai JSC has limited capacity for reinvestment or expansion. Capital expenditures of 27.47 billion VND suggest a modest investment in growth, but the company's diluted earnings per share are not disclosed, making it difficult to assess shareholder returns.

The risk assessment highlights liquidity as a medium concern, with the company's cash reserves insufficient to cover long-term obligations. Dilution risk is categorized as low, with no significant dilution events reported in the latest financial data. However, the company's reliance on long-term debt and limited free cash flow may necessitate future equity issuance, which could dilute existing shareholders.

Recent events, including analyst estimates and price targets, suggest a neutral outlook from the investment community. The mean price target of 52,338.28 VND and a mean recommendation of 2.00 (Hold) indicate that analysts do not expect significant upside or downside in the near term. The absence of strong buy or sell recommendations reflects a cautious stance toward the company's prospects.

FY2026 operating income surged 45.2% year-over-year to 646 billion VND, demonstrating strong top-line operational momentum.

Analysts assign a mean price target of 52,338 VND, implying 1.8% upside from the current market price of 51,400 VND.

Return on equity of 3.3% outperforms the cohort median of 2.3%, suggesting better capital efficiency than industry peers.

The company carries a high credit risk flag, indicating significant potential for debt servicing issues or default.

Debt-to-equity ratio of 0.59 is nearly double the cohort median of 0.31, reflecting higher financial leverage than peers.

Net income CAGR was negative 0.7% over the last four years, showing a lack of long-term earnings growth.

Medium liquidity risk suggests potential challenges in meeting short-term obligations or trading volume constraints.

Revenue VND 2.09T, +8,0% YoY; Operating income +82,1% YoY.

• ▍Revenue VND 2.09T, +8,0% YoY
• ▍Operating income +82,1% YoY
• ▍Net income +37,8% YoY
• ▍Free cash flow +84,5% YoY
• ▍Net margin 5.9%

Revenue VND 7.30T, +12,9% YoY; Operating income +45,2% YoY.

• ▍Revenue VND 7.30T, +12,9% YoY
• ▍Operating income +45,2% YoY
• ▍Net income +34,9% YoY
• ▍Free cash flow −48,2% YoY
• ▍Net margin 6.8%

Revenue VND 6.47T, +15,1% YoY; Operating income +32,5% YoY.

• ▍Revenue VND 6.47T, +15,1% YoY
• ▍Operating income +32,5% YoY
• ▍Net income +43,0% YoY
• ▍Free cash flow +88,8% YoY
• ▍Net margin 5.7%

Revenue VND 5.62T, −18,4% YoY; Operating income −45,3% YoY.

• ▍Revenue VND 5.62T, −18,4% YoY
• ▍Operating income −45,3% YoY
• ▍Net income −47,1% YoY
• ▍Free cash flow −73,4% YoY
• ▍Net margin 4.6%

Revenue VND 6.89T, +6,1% YoY; Operating income −3,2% YoY.

• ▍Revenue VND 6.89T, +6,1% YoY
• ▍Operating income −3,2% YoY
• ▍Net income −4,8% YoY
• ▍Free cash flow +154,6% YoY
• ▍Net margin 7.1%

Revenue VND 6.49T; Operating income VND 634.33B.

• ▍Revenue VND 6.49T
• ▍Operating income VND 634.33B
• ▍Net margin 7.9%