Create Capital Vietnam JSC Ltd

Create Capital Vietnam JSC Ltd maintains a debt-to-equity ratio of 0.59, indicating a relatively balanced capital structure with moderate leverage. The company's liquidity position is characterized as medium, with a current ratio of 2.05, suggesting it can cover its short-term obligations but with limited excess capacity. However, the company's free cash flow is negative at -98.8 billion VND, and capital expenditures are substantial at -197.2 billion VND, indicating significant reinvestment in operations [doc:HA-latest]. The company's profitability is reflected in a return on equity of 7.02% and a return on assets of 4.13%. These figures are below the industry_config preferred metrics for Renewable Energy Equipment & Services, which typically emphasize higher returns due to the capital-intensive nature of the sector. The operating margin, calculated as operating income of 69.9 billion VND on revenue of 577.8 billion VND, is 12.1%, which is in line with the cohort median of 11.8% [doc:HA-latest]. According to disclosed segments, the company's revenue is concentrated in the construction materials segment, with no material geographic diversification beyond Vietnam. This concentration increases exposure to local economic and regulatory conditions, as well as demand fluctuations in the construction sector [doc:HA-latest]. The company's growth trajectory is modest, with revenue of 577.8 billion VND in the latest period. While the outlook for the current fiscal year is stable, the next fiscal year is expected to show minimal growth. The company's capital expenditures suggest a focus on maintaining and expanding its production capacity, which could support long-term revenue growth [doc:HA-latest]. The risk assessment indicates a medium liquidity risk, primarily due to the negative free cash flow and high capital expenditures. The dilution risk is low, with no significant dilution potential in the near term. The company's financial structure and operating cash flow of 72.2 billion VND suggest it can manage its obligations without issuing additional shares [doc:HA-latest]. Recent filings and transcripts indicate that the company is focused on expanding its production capacity and improving operational efficiency. The company has also been exploring new markets within Vietnam to diversify its customer base and reduce dependency on a single geographic region [doc:HA-latest].