Song Da 505 JSC

Song Da 505 JSC has a debt-to-equity ratio of 1.31, indicating a moderate reliance on debt financing. The company's liquidity is assessed as medium, with a current ratio of 1.5, suggesting it can cover its short-term obligations but with limited buffer. The company's free cash flow of 19,864,732,700 VND indicates some capacity to fund operations and investments without external financing.

The company's profitability is modest, with a return on equity of 2.09% and a return on assets of 0.73%. These figures are below the industry median for construction and engineering firms, indicating that the company is not generating returns as efficiently as its peers. The operating margin of 5.96% (calculated from operating income of 18,891,443,810 VND on revenue of 317,002,263,600 VND) is also below the industry median, suggesting room for improvement in cost control and pricing.

Song Da 505 JSC operates as a single-segment entity, with all revenue derived from industrial and commercial services. The company's geographic exposure is concentrated in Vietnam, with no disclosed international operations. This concentration increases the company's vulnerability to local economic and regulatory changes.

The company's revenue growth trajectory is not explicitly provided, but the most recent actual revenue of 469,219,817,820 VND suggests a stable or slightly declining trend compared to the prior period's 317,002,263,600 VND. The company's net income of 13,025,648,740 VND indicates a positive but modest bottom-line performance.

The company's risk profile includes a medium liquidity risk, primarily due to its negative net cash position after subtracting total debt. The dilution risk is assessed as low, with no significant dilution potential in the near term. The company's capital structure is heavily leveraged, with long-term debt of 814,280,641,700 VND, which could pose a refinancing risk if interest rates rise or credit conditions tighten.

Recent events include the disclosure of the company's latest financial results, which show a net income of 13,025,648,740 VND and a revenue of 317,002,263,600 VND. The company's operating cash flow of 508,359,611,410 VND indicates strong cash generation from operations, which is a positive sign for its financial health.

Net margin of 4.11% outperforms the 3.81% industry median, suggesting efficient cost management relative to peers.

Cash conversion ratio of 39.03% is best-in-class compared to the 0.66% cohort median.

Debt-to-equity ratio of 1.31 sits in the bottom quartile, significantly exceeding the 0.29 cohort median.

Return on equity of 2.09% lags the 4.75% industry median, indicating poor capital efficiency.

The company faces high credit risk, posing significant potential for financial distress or default.

Medium liquidity risk suggests potential challenges in meeting short-term financial obligations.

Revenue VND 98.37B, +32,2% YoY; Operating income +2,5% YoY.

• ▍Revenue VND 98.37B, +32,2% YoY
• ▍Operating income +2,5% YoY
• ▍Net income −72,3% YoY
• ▍Free cash flow −61,9% YoY
• ▍Net margin 9.5%

Revenue VND 109.22B, +12,8% YoY; Operating income +14,7% YoY.

• ▍Revenue VND 109.22B, +12,8% YoY
• ▍Operating income +14,7% YoY
• ▍Net income +17,6% YoY
• ▍Free cash flow −5,5% YoY
• ▍Net margin 33.8%

Revenue VND 102.59B, +7,3% YoY; Operating income +13,6% YoY.

• ▍Revenue VND 102.59B, +7,3% YoY
• ▍Operating income +13,6% YoY
• ▍Net income +64,5% YoY
• ▍Free cash flow +33,3% YoY
• ▍Net margin 47.1%

Revenue VND 364.63B, −37,5% YoY; Operating income +3,0% YoY.

• ▍Revenue VND 364.63B, −37,5% YoY
• ▍Operating income +3,0% YoY
• ▍Net income −6,2% YoY
• ▍Free cash flow −1,8% YoY
• ▍Net margin 27.7%