Son Ha Development of Renewable Energy JSC

Son Ha Development of Renewable Energy JSC maintains a relatively balanced capital structure, with a debt-to-equity ratio of 0.49, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 2.39, suggesting it can cover its short-term obligations but with limited excess capacity. However, the operating cash flow is negative at -17,133,954,180 VND, which raises concerns about its ability to fund operations from core business activities.

In terms of profitability, the company's return on equity (ROE) is 2.33%, and its return on assets (ROA) is 1.41%. These figures are below the typical thresholds for strong performance in the industrial goods sector, indicating that the company is not generating particularly high returns relative to its equity and asset base.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no significant geographic diversification reported. This concentration may expose the company to higher operational and market risks if the segment or region faces challenges.

Looking at the growth trajectory, the company's revenue for the latest period is 39,921,578,760 VND. While the free cash flow is positive at 4,043,898,130 VND, the negative operating cash flow suggests that the company may be investing heavily in capital expenditures or experiencing operational inefficiencies. The outlook for the next fiscal year is not explicitly provided, but the current financial performance does not indicate a strong growth trajectory.

The risk assessment highlights a medium liquidity risk, primarily due to the negative net cash position after accounting for total debt. The dilution risk is assessed as low, with no significant dilution potential reported. The company has not disclosed any recent events or filings that would indicate a high risk of dilution in the near term.

Recent events and filings do not show any significant developments that would impact the company's financial position or strategic direction. The company's financial statements do not mention any major legal, regulatory, or operational events that could affect its performance in the near future.

Revenue surged 89.8% year-over-year to 372.8 billion VND, demonstrating significant top-line growth momentum.

The company generated 14.4 billion VND in free cash flow, providing liquidity for operations and debt service.

Dilution risk is assessed as low, suggesting current capital structure stability for existing shareholders.

Net income CAGR of -4.9% over four years indicates a long-term deterioration in bottom-line profitability.

Credit risk is flagged as high, posing significant potential for financial distress or default events.

Cash conversion ratio of -5.19% sits in the bottom quartile, indicating poor ability to convert earnings to cash.