TDF—56

Trung Do JSC

Construction Supplies & FixturesVerified

Score breakdown

Profitability+32Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations3

Trung Do JSC maintains a debt-to-equity ratio of 0.82, indicating a moderate reliance on debt financing, and a current ratio of 1.3, suggesting limited short-term liquidity cushion. The company's free cash flow of 49,013,692,000 VND reflects positive cash generation, but its operating cash flow of 8,149,890,450 VND is relatively low compared to its capital expenditures of -27,136,260,290 VND, indicating ongoing investment in operations [doc:HA-latest]. The company's return on equity (ROE) of 0.65% and return on assets (ROA) of 0.31% are below the industry median for Construction Supplies & Fixtures, suggesting underperformance in capital efficiency and asset utilization. Gross profit of 80,410,560,400 VND and operating income of 7,063,257,770 VND indicate modest profitability, with net income of 4,968,724,180 VND representing a thin margin on its revenue of 465,357,495,960 VND [doc:HA-latest]. Trung Do JSC's revenue is concentrated in Vietnam, with no disclosed international operations, and its business is primarily driven by domestic construction demand. The company's exposure to cyclical construction activity and infrastructure projects makes it sensitive to macroeconomic fluctuations in the region [doc:HA-latest]. The company's growth trajectory is uncertain, with no disclosed revenue growth rates or forward-looking guidance. Its capital expenditures suggest ongoing investment in operations, but the lack of clear revenue expansion signals limits visibility into future performance [doc:HA-latest]. The risk assessment highlights medium liquidity risk and low dilution risk, but the company's net cash position is negative after subtracting total debt, indicating potential refinancing challenges. No dilution sources are disclosed, and the company's capital structure appears stable in the near term [doc:HA-latest]. Recent filings and transcripts are not available in the provided data, so no specific events can be cited to inform the company's recent strategic or operational developments [doc:HA-latest].

Profile

CompanyTrung Do JSC

TickerTDF.HNO

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryConstruction Supplies & Fixtures

AI analysis

Business. Trung Do JSC is a Vietnam-based company engaged in the manufacturing of construction materials, including granite tiles, ceramic wall and floor tiles, and ready-mix concrete, and carries out construction projects in civil, industrial, and infrastructure sectors [doc:HA-latest].

Classification. Trung Do 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

Trung Do JSC operates in a cyclical industry with moderate debt and low liquidity, which may constrain its ability to scale during downturns.
The company's ROE and ROA are below industry medians, indicating inefficiencies in capital and asset use.
Revenue is concentrated in Vietnam, exposing the company to regional economic and regulatory risks.
Free cash flow is positive, but capital expenditures are high, suggesting reinvestment rather than growth.
No dilution sources are disclosed, and the company's liquidity risk is moderate.
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Financial snapshot

PeriodHA-latest

CurrencyVND

Revenue$465.36B

Gross profit$80.41B

Operating income$7.06B

Net income$4.97B

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$8.15B

CapEx-$27.14B

Free cash flow$49.01B

Total assets$1.59T

Total liabilities$815.85B

Total equity$769.22B

Cash & equivalents—

Long-term debt$632.08B

Annual history (last 5)

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Quarterly history (last 4)

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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$769.22B

Net cash-$632.08B

Current ratio1.3

Debt/Equity0.8

ROA0.3%

ROE0.7%

Cash conversion1.6%

CapEx/Revenue-5.8%

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

MetricTDFActivity

Op margin1.5%3.2% medp25 1.3% · p75 7.6%below median

Net margin1.1%-1.0% medp25 -4.4% · p75 5.3%above median

Gross margin17.3%28.1% medp25 25.5% · p75 37.0%bottom quartile

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

CapEx / revenue-5.8%3.8% medp25 1.9% · p75 5.3%bottom quartile

Debt / equity82.0%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

2026-05-04 23:03 UTC#ca27ce22

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 23:04 UTCJob: ac1284c5