Ba Ria Vung Tau House Development JSC

Ba Ria Vung Tau House Development JSC operates in the real estate rental, development, and operations industry, generating revenue primarily through property development and management activities.

The company is classified under the Real Estate sector, specifically in the Real Estate Rental, Development & Operations industry, with a confidence level of 0.92 based on verified market data.

Ba Ria Vung Tau House Development JSC maintains a debt-to-equity ratio of 0.92, indicating a moderate level of leverage, and a current ratio of 1.03, suggesting limited short-term liquidity cushion. The company's return on equity is 0.07%, and return on assets is 0.03%, both significantly below the industry median for real estate firms, indicating suboptimal capital efficiency.

The company's profitability is constrained by a narrow operating margin, with operating income of 455.7 million VND on revenue of 85.3 billion VND, translating to a 0.53% margin. This is well below the industry median for real estate development firms, which typically report margins above 10%. The low net income of 1.32 billion VND further underscores the company's limited profitability relative to its asset base.

The company's revenue is concentrated in a single geographic region, with no disclosed segmental breakdown, suggesting a high degree of exposure to local market conditions in Ba Ria-Vung Tau. This lack of diversification increases vulnerability to regional economic shifts.

Looking ahead, the company is projected to experience modest revenue growth, with a year-over-year increase of less than 5% expected in the current fiscal year. This aligns with the broader real estate sector's subdued growth outlook in the region, driven by regulatory tightening and reduced investor appetite.

The company's risk profile is marked by a medium liquidity risk and a low dilution risk. However, the negative net cash position after subtracting total debt raises concerns about its ability to fund operations without external financing. No recent dilutive events have been disclosed, and the company has not issued new shares in the past 12 months.

Recent filings and transcripts indicate no material changes in the company's strategic direction or operational performance. The company continues to focus on residential and commercial property development in the Ba Ria-Vung Tau region, with no new projects or partnerships disclosed in the latest quarterly reports.

- The company's capital structure is moderately leveraged, with a debt-to-equity ratio of 0.92. - Profitability metrics are significantly below industry medians, indicating operational inefficiencies. - Revenue is concentrated in a single geographic region, increasing exposure to local economic risks. - Analysts have issued a single "buy" recommendation, with no strong buy or hold ratings. - The company's liquidity position is weak, with a current ratio of 1.03 and negative net cash after debt.

Analyst consensus suggests significant upside potential with a mean price target of 24,600 VND versus the current market price.

The company demonstrates best-in-class cash conversion at 17.15, significantly outperforming the cohort median of 0.29.

Projected fiscal 2026 net income surges to 639 billion VND, indicating strong future profitability expectations.

Projected fiscal 2026 free cash flow reaches 642 billion VND, suggesting robust future liquidity generation capabilities.

Dilution risk is assessed as low, providing relative stability for existing shareholders regarding equity structure.

The company carries a high credit risk flag, indicating significant concerns regarding its debt servicing ability.

Revenue VND 456.50B, −16,4% YoY; Operating income +527,0% YoY.

• ▍Revenue VND 456.50B, −16,4% YoY
• ▍Operating income +527,0% YoY
• ▍Net income +867,5% YoY
• ▍Free cash flow +721,1% YoY
• ▍Net margin 140.0%

Revenue VND 546.23B, −17,9% YoY; Operating income −20,4% YoY.

• ▍Revenue VND 546.23B, −17,9% YoY
• ▍Operating income −20,4% YoY
• ▍Net income −49,8% YoY
• ▍Free cash flow −45,4% YoY
• ▍Net margin 12.1%

Revenue VND 1.35T; Operating income VND 387.09B.

• ▍Revenue VND 1.35T
• ▍Operating income VND 387.09B
• ▍Net margin 22.9%