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L18.HN — — Construction & Engineering

Construction And Investment JSC No 18

$20 900,00

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Mcap

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P/E

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EV / Rev

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Div yield

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Op margin

1,5 %

ROE

2,0 %

Net margin

1,0 %

Debt / equity

4,61

Beta

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52w range

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Volume

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Day range

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Prev close

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Open

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Next earnings

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Ex-dividend

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TR 1Y

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About

Construction And Investment JSC No 18 operates in the construction and engineering industry, generating revenue primarily through industrial and commercial services.

Business. Construction And Investment JSC No 18 (L18.HN) is a Vietnamese company operating in the Construction & Engineering industry within the Industrials sector. The firm is headquartered in Vietnam and is listed on the Ho Chi Minh Stock Exchange under the ticker L18.HN. Specific details regarding its operating segments and geographic revenue mix are not disclosed in the available data.

Classification92 %

SectorIndustrials

Business sectorIndustrial & Commercial Services

IndustryConstruction & Engineering

ActivityIndustrial & Commercial Services

Generated · model-assisted

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

— missing data

See all catalysts →

At a glance

Score

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not yet scored

Valuation

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valuation pending

Analysts

—

not yet wired

Ownership

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not yet wired

Profitability→

2,0 %

return on equity

Quality

—

not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning L18.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to L18.HN. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Construction And Investment JSC No 18 (L18.HN) is a Vietnamese company operating in the Construction & Engineering industry within the Industrials sector. The firm is headquartered in Vietnam and is listed on the Ho Chi Minh Stock Exchange under the ticker L18.HN. Specific details regarding its operating segments and geographic revenue mix are not disclosed in the available data.

Classification92 %

SectorIndustrials

Business sectorIndustrial & Commercial Services

IndustryConstruction & Engineering

ActivityIndustrial & Commercial Services

AI synthesis

GENERATED

Construction And Investment JSC No 18 maintains a capital structure with a high debt-to-equity ratio of 4.61, indicating a significant reliance on debt financing. The company's liquidity position is characterized by a current ratio of 1.36, suggesting moderate short-term liquidity. However, the operating cash flow is negative at -404.55 billion VND, which may signal potential liquidity challenges.

In terms of profitability, the company's return on equity is 2.04%, which is relatively low, and the return on assets is 0.2%, indicating that the company is not efficiently utilizing its assets to generate profit. These metrics are below the industry norms for construction and engineering firms, suggesting that the company may be underperforming in terms of profitability and asset utilization.

The company's revenue is concentrated in a single segment, as disclosed in the financial snapshot, with no specific geographic breakdown provided. This lack of diversification could pose a risk if the company's primary market experiences a downturn.

The growth trajectory of the company is uncertain, as the outlook for the current fiscal year does not provide specific numeric deltas for revenue growth. The company's capital expenditure of -11.8 billion VND indicates a reduction in investment in new projects or infrastructure.

The risk assessment highlights a medium liquidity risk, with the company's net cash being negative after subtracting total debt. The dilution risk is assessed as low, with no immediate pressure for share dilution. The company's financial leverage and negative operating cash flow are key factors contributing to its liquidity risk.

Recent events and filings have not been disclosed in the provided data, so no specific recent developments can be reported.

Key takeaways

The company has a high debt-to-equity ratio, indicating a significant reliance on debt financing.
The company's return on equity and return on assets are below industry norms, suggesting inefficiency in asset utilization and profitability.
The company's liquidity position is moderate, with a current ratio of 1.36 and a negative operating cash flow.
The company's growth trajectory is uncertain, with no specific numeric deltas for revenue growth provided.
The company faces a medium liquidity risk due to its high debt and negative operating cash flow.
margin_outlook_rationale: The company's margin outlook is uncertain due to its low return on equity and return on assets.
rd_outlook_rationale: The company's research and development outlook is not specified in the provided data.

Bull / Bear case

Generated · model-assisted

BULL CASE · 3

Revenue grew at a 14.0% CAGR over four years, demonstrating strong historical top-line expansion capability.

Net income surged with a 48.2% CAGR over four years, indicating significant historical profitability growth.

Dilution risk is assessed as low, suggesting minimal threat to existing shareholder equity value.

BEAR CASE · 3

The debt-to-equity ratio of 4.61 is in the bottom quartile, indicating extreme financial leverage risk.

Credit risk is flagged as high, suggesting potential difficulties in meeting financial obligations or securing funding.

Net margin of 1.03% is below the cohort median of 3.81%, reflecting weaker profitability than peers.

In focus — financials by report

Valuation FY

Market price

$20 900,00

Market cap

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Enterprise valueⓘ

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P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

$490.38B

Net cashⓘ

-$2.25T

Current ratioⓘ

1.4

Debt / equityⓘ

4.6

ROAⓘ

0.2%

ROEⓘ

2.0%

Cash conversionⓘ

-4044.0%

CapEx / revenueⓘ

-1.2%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin1,5 %Below median

Net Margin1,0 %Below median

ROE2,0 %Below median

Capex / Rev-1,2 %Above median

D/E4,61Bottom quartile

Cash Conv-40,44Bottom quartile

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Capex To Revenue
capital_expenditure / revenue
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income

Source documents

Construction And Investment JSC No 18 Market data — financials · 2026-05-28

Ownership & reference

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

L18.HNCanonical

— · USD

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

— missing data

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation FY

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread