Vietnam National Seed Group JSC
Vietnam National Seed Group JSC operates in the fishing and farming industry, producing and distributing agricultural seeds and related products.
Business. Vietnam National Seed Group JSC (NSC.HM) operates in the Fishing & Farming industry within the Consumer Non-Cyclicals sector, primarily engaged in the sale of food-related products. The company is headquartered in Vietnam and is listed under the ticker NSC.HM. Specific details regarding its operating segments and geographic revenue mix are not available.
Analyst recommendations
21 analysts · consensus HoldAt a glance
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- 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
- Congressional trades
- CongressJulie Johnson — Norfolk Southern Corporation2025-12-18 · Democrat · TX · Sale · $1,001 - $15,000
- CongressJulie Johnson — Norfolk Southern Corporation2025-11-13 · Democrat · TX · Sale · $1,001 - $15,000
- CongressValerie Hoyle — Norfolk Southern Corporation2025-09-23 · Democrat · OR · Sale · $1,001 - $15,000
- CongressJulie Johnson — Norfolk Southern Corporation2025-08-14 · Democrat · TX · Sale · $1,001 - $15,000
- CongressJosh Gottheimer — Norfolk Southern Corporation2025-04-09 · Democrat · NJ · Sale · $1,001 - $15,000
- CongressJulie Johnson — Norfolk Southern Corporation2025-04-01 · Democrat · TX · Sale · $1,001 - $15,000
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Vietnam National Seed Group JSC (NSC.HM) operates in the Fishing & Farming industry within the Consumer Non-Cyclicals sector, primarily engaged in the sale of food-related products. The company is headquartered in Vietnam and is listed under the ticker NSC.HM. Specific details regarding its operating segments and geographic revenue mix are not available.
Vietnam National Seed Group JSC maintains a relatively strong liquidity position, with a current ratio of 1.84, indicating the company can cover its short-term liabilities with its short-term assets. However, the company reported a negative operating cash flow of -357.7 billion VND, which may signal short-term cash flow challenges despite the positive free cash flow of 17.9 billion VND. The company's capital structure is supported by a debt-to-equity ratio of 0.33, suggesting a conservative leverage profile.
In terms of profitability, the company's return on equity (ROE) is 2.57%, and its return on assets (ROA) is 1.55%, both of which are below the industry median for the Fishing & Farming sector. This suggests that the company is underperforming in terms of capital efficiency and asset utilization.
The company's revenue is concentrated in a single business segment, as disclosed in its financials, with no geographic diversification provided in the available data. This lack of diversification may expose the company to higher operational and market risks, particularly in the event of regional disruptions or shifts in agricultural demand.
Looking ahead, the company's growth trajectory appears modest, with no specific numeric deltas provided for the current or next fiscal year. Historical revenue growth is not disclosed, but the company's operating income of 46.9 billion VND and net income of 35.5 billion VND suggest a stable, though not rapidly growing, business.
The company faces moderate liquidity risk due to its negative net cash position after subtracting total debt. While the dilution risk is currently low, the company's capital structure and financing activities should be monitored for any changes that could affect shareholder value.
Recent events, including filings and transcripts, are not disclosed in the available data. However, the company's financial snapshot indicates a need for continued monitoring of its cash flow and capital structure to ensure long-term stability.
- The company maintains a conservative debt-to-equity ratio of 0.33, indicating a relatively low leverage profile.
- Return on equity and return on assets are below the industry median, suggesting underperformance in capital efficiency.
- The company's liquidity position is moderate, with a current ratio of 1.84 but a negative operating cash flow.
- Revenue is concentrated in a single business segment, increasing exposure to market and operational risks.
- Growth trajectory is not clearly defined, with no specific numeric deltas provided for the current or next fiscal year.
- The company's negative net cash position after subtracting total debt indicates potential liquidity challenges.
Bull / Bear case
Generated · model-assistedFree cash flow surged 40.8% year-over-year to nearly 200 billion VND, demonstrating strong cash generation capabilities.
Revenue grew at a 4.5% compound annual growth rate over the last four years, indicating consistent top-line expansion.
Operating income increased 1.8% year-over-year, reaching 278 billion VND, showing resilience in core profitability metrics.
Debt-to-equity ratio of 0.33 is slightly better than the cohort median of 0.35, suggesting manageable leverage relative to peers.
The company faces high credit risk and high leverage band classification, signaling significant financial stability concerns.
Net income declined with a negative 0.0% CAGR over four years, failing to grow alongside revenue expansion.
Cash conversion ranks in the bottom quartile of the cohort, highlighting poor efficiency in turning earnings into cash.
In focus — financials by report
Revenue VND 1.93T; Operating income VND 246.84B.
- ▍Revenue VND 1.93T
- ▍Operating income VND 246.84B
- ▍Net margin 11.4%
Valuation FY
Revenue by segment
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consensus EPS · 26-week trendSell-side observations
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- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
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FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Chief Operating Officer · Restricted Stock Units → Common StockAcquired 1 456grant · 2026-07-27
- Director · Deferred Stock Units - Dir. Def. Fee Plan → Common StockAcquired 168grant · 2026-06-30
- Director · Deferred Stock Units - Dir. Def. Fee Plan → Common StockAcquired 251grant · 2026-06-30
- Director · Restricted Stock Units → Common StockAcquired 3grant · 2026-05-20
- Director · Restricted Stock Units → Common StockAcquired 10grant · 2026-05-20
- Director · Deferred Stock Units - Dir. Def. Fee Plan → Common StockAcquired 7grant · 2026-05-20
- Director · Restricted Stock Units → Common StockAcquired 8grant · 2026-05-20
- Director · Restricted Stock Units → Common StockAcquired 11grant · 2026-05-20
- Director · Restricted Stock Units → Common StockAcquired 9grant · 2026-05-20
- Director · Restricted Stock Units → Common StockAcquired 37grant · 2026-05-20
- Director · Restricted Stock Units → Common StockAcquired 8grant · 2026-05-20
- Director · Restricted Stock Units → Common StockAcquired 8grant · 2026-05-20
- Director · Restricted Stock Units → Common StockAcquired 22grant · 2026-05-20
- Director · Restricted Stock Units → Common StockAcquired 3grant · 2026-05-20
- Director · Restricted Stock Units → Common StockAcquired 22grant · 2026-05-20
- Director · Deferred Stock Units - Dir. Def. Fee Plan → Common StockAcquired 13grant · 2026-05-20
- EVP & Chief Operating Officer · Restricted Stock Units → Common StockDisposed 8 319exercise · 2026-04-26
- Director · Deferred Stock Units - Dir. Def. Fee Plan → Common StockAcquired 233grant · 2026-03-31
- Director · Deferred Stock Units - Dir. Def. Fee Plan → Common StockAcquired 185grant · 2026-03-31
- Director · Restricted Stock Units → Common StockAcquired 8grant · 2026-02-20
- Director · Restricted Stock Units → Common StockAcquired 9grant · 2026-02-20
- Director · Restricted Stock Units → Common StockAcquired 11grant · 2026-02-20
- Director · Restricted Stock Units → Common StockAcquired 37grant · 2026-02-20
- Director · Restricted Stock Units → Common StockAcquired 8grant · 2026-02-20
- Director · Restricted Stock Units → Common StockAcquired 8grant · 2026-02-20
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- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Vietnam National Seed Group JSC Market data — financials · 2026-05-28
Ownership & reference
Insider activity
- EVP & Chief Operating Officer · Common StockOther 8 319 · 2026-04-26
- EVP & Chief Operating Officer · Common StockOther 3 247 @ $320,81$1,0M · 2026-04-26
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From filings & derived data- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 1.1%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 3.6%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 8.7%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 0.5%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 7.0%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 7.6%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 9.6%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 10.2%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 10.2%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -6.8%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -7.4%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 1.91xDerived (calculated)
- Current ratio (FY 2025-12-31): 0.85xDerived (calculated)
- Return on assets (FY 2025-12-31): 6.4%Derived (calculated)
- Return on equity (FY 2025-12-31): 18.5%Derived (calculated)
- Net margin (FY 2025-12-31): 23.6%Derived (calculated)
- EPS (basic) (annual): USD-PER-SHARES 13SEC XBRL filing
- Total assets (annual): USD 45.24BSEC XBRL filing
- Operating cash flow (annual): USD 4.36BSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES 13SEC XBRL filing
- Net income (annual): USD 2.87BSEC XBRL filing
- Pre-tax income (annual): USD 3.67BSEC XBRL filing
- Revenue (annual): USD 12.18BSEC XBRL filing
- Current liabilities (annual): USD 3.77BSEC XBRL filing