Shi.Hm
SHI.HM is a mining company engaged in the production of iron and steel, generating revenue primarily through the extraction and sale of raw materials used in construction and industrial applications.
Business. SHI.HM is a mining company engaged in the production of iron and steel, generating revenue primarily through the extraction and sale of raw materials used in construction and industrial applications.
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- 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
Pre-earnings brief
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Synthesis
SHI.HM is a mining company engaged in the production of iron and steel, generating revenue primarily through the extraction and sale of raw materials used in construction and industrial applications.
SHI.HM maintains a capital structure with a debt-to-equity ratio of 2.56, indicating a significant reliance on debt financing relative to equity. The company's liquidity position is characterized by a current ratio of 1.11, suggesting limited short-term liquidity cushion. Despite holding cash and equivalents of VND 34.17 billion, the company's operating cash flow is negative at VND -130.3 billion, and free cash flow is also negative at VND -121.6 billion, signaling potential challenges in sustaining operations without external financing.
Profitability metrics for SHI.HM show a return on equity (ROE) of 2.69% and a return on assets (ROA) of 0.49%, both of which are below the industry median for Iron & Steel producers. The company's net income of VND 50.38 billion is supported by a gross profit of VND 1.00 trillion, but the operating income of VND 139.8 billion reflects the high cost structure typical of the mining and steel production industry.
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 and regulatory risks, particularly in the construction and industrial sectors where demand for iron and steel is highly cyclical.
Looking ahead, SHI.HM is projected to experience a modest growth trajectory, with revenue expected to increase in the current fiscal year and the following year. However, the company's capital expenditure of VND -275.15 billion indicates ongoing investment in infrastructure and operations, which may impact short-term profitability.
Risk factors for SHI.HM include a medium liquidity risk due to negative operating and free cash flows, as well as a high debt-to-equity ratio. The company's dilution potential is currently low, but the risk of future dilution remains if the company requires additional capital to fund operations or expansion. Adjustments to the valuation have been made to account for the company's weak liquidity position.
Recent events, including filings and transcripts, have not revealed any material changes in the company's strategic direction or operational performance. However, the company's financial health remains under scrutiny due to its reliance on debt and the volatility of the raw materials market.
- SHI.HM has a high debt-to-equity ratio of 2.56, indicating a heavy reliance on debt financing.
- The company's liquidity position is weak, with a current ratio of 1.11 and negative operating and free cash flows.
- Profitability metrics, including ROE and ROA, are below industry medians, suggesting operational inefficiencies.
- Revenue is concentrated in a single business segment, increasing exposure to sector-specific risks.
- The company is projected to experience modest growth, but capital expenditures may impact short-term profitability.
- Liquidity and debt management remain key risks for SHI.HM.
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- Net cash is negative after subtracting total debt.
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- SHI.HM Market data — financials · 2026-05-29