Taya Vietnam Electric Wire and Cable JSC

Taya Vietnam Electric Wire and Cable JSC maintains a debt-to-equity ratio of 0.98, indicating a relatively balanced capital structure, though its liquidity position is assessed as medium risk due to negative net cash after subtracting total debt. The company's current ratio of 1.74 suggests it has sufficient short-term assets to cover its liabilities, but its cash and equivalents of VND 330 million are minimal compared to its long-term debt of VND 487.1 billion. Free cash flow of VND 16.07 billion and operating cash flow of VND 41.42 billion support operational flexibility, but the company's liquidity remains constrained by its high leverage.

Profitability metrics show a return on equity of 3.02% and a return on assets of 1.42%, both below the industry median for electrical components and equipment firms. The company's net income of VND 14.95 billion and operating income of VND 18.64 billion reflect modest profitability, with a gross profit margin of 9.8%. These figures suggest the company is underperforming relative to its peers in terms of capital efficiency and margin generation.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes in Vietnam. The absence of segment-specific revenue breakdowns limits visibility into the company's operational resilience.

Looking ahead, the company's revenue is expected to remain flat or decline in the next fiscal year, with no significant growth drivers identified in the financial data. Capital expenditures of VND 2.19 billion in the latest period suggest limited investment in expansion or modernization. The company's free cash flow and operating cash flow are positive, but insufficient to support meaningful reinvestment or debt reduction.

Risk factors include high leverage, limited liquidity, and exposure to a single geographic market. The company's dilution risk is assessed as low, with no recent share issuance or shelf registration activity reported. However, the negative net cash position and high debt-to-equity ratio could pressure the company to raise additional capital in the near term.

Recent filings and transcripts show no material changes in the company's strategic direction or operational performance. The latest actual EPS of -3,520 VND indicates a decline in earnings, though the company remains profitable. No significant events or regulatory actions have been disclosed in the latest period.

Net income surged 52.8% year-over-year to 118.5 billion VND, demonstrating strong recent profitability growth.

Free cash flow increased 64.5% to 121.5 billion VND, indicating robust cash generation capabilities.

Net margin of 4.07% exceeds the 3.76% cohort median, showing superior profitability relative to peers.

Cash conversion ratio of 2.77 ranks in the top quartile, significantly outperforming the 0.89 median.

Revenue grew 26.1% year-over-year to 2.35 trillion VND, reflecting strong top-line expansion momentum.

Debt-to-equity ratio of 0.98 is in the bottom quartile, signaling significantly higher leverage than peers.

High credit risk flag indicates substantial potential for financial distress or default issues.

Return on equity of 3.02% trails the 3.37% cohort median, suggesting inefficient capital utilization.

Long-term debt rose to 857 billion VND, increasing financial obligations and interest burden.

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