VinaLiving Group JSC

VinaLiving Group JSC exhibits a highly leveraged capital structure, with total liabilities of VND 112,580,001,791 and total equity of VND 101,638,004,310, resulting in a debt-to-equity ratio of 0.01. Despite a low debt-to-equity ratio, the company's liquidity is rated as medium, and its operating cash flow is negative at VND -2,283,878,610, indicating potential short-term financial stress. The current ratio of 0.22 further suggests that the company may struggle to meet its short-term obligations with its current assets.

Profitability is severely challenged, with a net loss of VND -10,740,979,110 and an operating loss of VND -9,771,179,500, translating to a return on equity of -1.06%. These figures are well below the industry median for construction and engineering firms, which typically report positive returns on equity and operating margins. The company's gross profit of VND 18,983,588,000 is insufficient to cover its operating expenses, highlighting a significant operational inefficiency.

The company's revenue is not segmented by geographic region or business line in the available data, but the construction and engineering industry is known for high geographic concentration, particularly in emerging markets. VinaLiving Group JSC's operations are likely concentrated in Vietnam, where it is headquartered, and its exposure to local economic conditions and regulatory changes is significant.

Looking ahead, the company's revenue is expected to remain under pressure, with no clear growth trajectory evident in the current financial data. The operating cash flow and net income trends suggest a continuation of financial stress in the near term. The capital expenditure of VND -80,000,000 indicates some level of investment in infrastructure, but it is minimal compared to the scale of the company's liabilities.

The risk assessment highlights a key flag: the company's net cash is negative after subtracting total debt, which could lead to liquidity constraints. The dilution risk is currently rated as low, and no significant adjustments have been applied to the valuation metrics, suggesting that the company has not issued new shares recently or is not expected to do so in the near future.

Recent filings and transcripts do not provide additional insight into the company's strategic direction or operational performance. The lack of detailed disclosures in the available documents limits the ability to assess the company's response to market challenges or its plans for recovery.

Revenue surged 6,832% year-over-year to 47.9 billion VND, demonstrating explosive top-line growth momentum.

Net income jumped 2,096% to 23.4 billion VND, marking a dramatic turnaround from prior period losses.

Operating income expanded 537,317% to 29.7 billion VND, indicating significant improvement in core operational profitability.

Cash conversion ratio of 2.13 exceeds the cohort median of 0.66, highlighting superior cash generation efficiency.

Debt-to-equity ratio of 0.01 is well below the cohort median of 0.29, reflecting a conservative capital structure.

Net margin of -3.19% places the company in the bottom quartile of the construction cohort.

Operating margin of -2.90% ranks in the bottom quartile, signaling persistent challenges in core profitability.

Return on equity of -1.06% falls into the bottom quartile, indicating poor returns for shareholders.

Medium liquidity risk flags potential difficulties in meeting short-term financial obligations despite recent growth.