YBM JSC

YBM JSC maintains a debt-to-equity ratio of 1.64, indicating a capital structure that is moderately leveraged. The company's liquidity position is assessed as medium, with a current ratio of 1.04, suggesting limited short-term liquidity cushion. Free cash flow of 33,577.5 billion VND supports operational flexibility, but net cash is negative after subtracting total debt, signaling potential refinancing needs. Profitability metrics show a return on equity of 13.26%, which is strong relative to the industry median of 10.5% for construction materials firms. Return on assets of 4.01% is in line with the industry median of 3.8%, indicating efficient asset utilization. Gross profit of 31,788.7 billion VND and operating income of 3,617.2 billion VND reflect solid margins, though the company's operating cash flow of 3,612.4 billion VND is slightly lower than the industry median of 4,200 billion VND. YBM JSC's revenue is concentrated in Vietnam, with no disclosed international operations. The company's business is heavily dependent on domestic construction and infrastructure demand, which is sensitive to macroeconomic conditions and government spending. No material segment breakdown is available, but the company's primary exposure is to the domestic construction materials market. The company's revenue growth outlook for the current fiscal year is positive, with a projected increase of 8.2% year-over-year. For the next fiscal year, the outlook remains optimistic, with an expected 6.5% growth in revenue. This growth trajectory is supported by ongoing infrastructure projects and urbanization in Vietnam. However, the company's capital expenditure of -29,148.0 billion VND indicates a reduction in investment, which may affect long-term capacity. Risk factors include medium liquidity risk due to the current ratio of 1.04 and a negative net cash position after debt. The company's debt load of 354,740.5 billion VND is a key concern, particularly in a rising interest rate environment. Dilution risk is assessed as low, with no near-term pressure from share issuance or convertible instruments. The company's risk assessment does not indicate any material regulatory or geopolitical exposure, but domestic policy shifts could impact demand for construction materials. Recent filings and transcripts show no material changes in the company's strategic direction. The company continues to focus on cost optimization and operational efficiency to maintain profitability amid competitive pricing pressures. No major capital projects or acquisitions were disclosed in the latest reports.