Companies ›Real Estate ›TIP.HM

TIP.HM — — Real Estate Rental, Development & Operations

Tin Nghia Industrial Park Development JSC

$18 100,00

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Mcap

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P/E

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EV / Rev

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Div yield

9,34 %

Op margin

208,6 %

ROE

3,8 %

Net margin

165,8 %

Debt / equity

0,00

Beta

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52w range

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Volume

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Day range

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Prev close

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Next earnings

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Ex-dividend

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TR 1Y

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About

Tin Nghia Industrial Park Development JSC develops and operates industrial parks, generating revenue primarily through land sales, infrastructure development, and property rentals.

Business. Tin Nghia Industrial Park Development JSC (TIP.HM) is a real estate company engaged in the rental, development, and operations of industrial parks. The firm generates revenue primarily through rental income associated with its industrial property assets. Specific details regarding operating segments and geographic concentrations are not disclosed in the available data. The company is listed under the ticker TIP.HM.

Classification92 %

SectorReal Estate

IndustryReal Estate Rental, Development & Operations

Generated · model-assisted

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

— missing data

See all catalysts →

At a glance

Score

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not yet scored

Valuation

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valuation pending

Analysts

—

not yet wired

Ownership

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not yet wired

Profitability→

3,8 %

return on equity

Quality

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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning TIP.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to TIP.HM. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

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

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Tin Nghia Industrial Park Development JSC (TIP.HM) is a real estate company engaged in the rental, development, and operations of industrial parks. The firm generates revenue primarily through rental income associated with its industrial property assets. Specific details regarding operating segments and geographic concentrations are not disclosed in the available data. The company is listed under the ticker TIP.HM.

Classification92 %

SectorReal Estate

IndustryReal Estate Rental, Development & Operations

AI synthesis

GENERATED

Tin Nghia Industrial Park Development JSC maintains a strong liquidity position, with a current ratio of 18.48, indicating a high ability to meet short-term obligations. The company has no long-term debt and holds VND 39.25 billion in cash and equivalents, contributing to its robust liquidity profile.

Profitability metrics show a return on equity (ROE) of 3.81% and a return on assets (ROA) of 3.26%. These figures are below the industry median for ROE and ROA in the Real Estate Rental, Development & Operations sector, suggesting that the company is underperforming relative to its peers in terms of capital efficiency and asset utilization.

The company's revenue is concentrated in a single business segment focused on industrial park development and operations. There is no disclosed geographic diversification, and the company's operations are entirely within Vietnam. This concentration increases exposure to local economic and regulatory risks.

Looking ahead, the company is expected to maintain a stable revenue trajectory, with no significant growth or contraction projected in the next fiscal year. Historical revenue data shows a consistent but modest performance, with no major capital expenditures or expansion projects disclosed in the latest financials.

The company presents a low risk of dilution, with no immediate filing-based liquidity or dilution flags detected. The absence of long-term debt and the low dilution risk score suggest a conservative capital structure. No recent equity issuance or ATM/shelf registration activity has been reported.

Recent filings and transcripts do not indicate any material events or strategic shifts. The company's operations remain focused on its core industrial park development and rental business, with no disclosed changes in management strategy or capital allocation plans.

Key takeaways

The company has a strong liquidity position with a current ratio of 18.48 and no long-term debt.
ROE and ROA are below industry medians, indicating underperformance in capital efficiency and asset returns.
Revenue is concentrated in a single business segment with no geographic diversification.
No significant growth or contraction is expected in the next fiscal year.
The company presents a low risk of dilution and maintains a conservative capital structure.

Bull / Bear case

Generated · model-assisted

BULL CASE · 5

Operating margin of 2.09% ranks best-in-class against the 0.16% median for the real estate development cohort.

Net margin of 1.66% significantly exceeds the 0.09% cohort median, demonstrating superior profitability within the sector.

The company maintains zero long-term debt, resulting in a debt-to-equity ratio well above the 75th percentile.

Return on equity of 3.81% is nearly double the 1.94% median for the real estate development peer group.

Net income grew at a 5.6% CAGR over four years, outpacing the slight revenue decline.

BEAR CASE · 2

Cash conversion ratio of -0.49 is significantly below the 0.29 cohort median, indicating poor cash efficiency.

Revenue experienced a negative 1.5% CAGR over four years, indicating a long-term downward trend in sales.

In focus — financials by report

Annual

ANNUALFiled 2024-01-23

FY 2024 · Full-year highlights

Revenue VND 157.74B, −29,2% YoY; Operating income +88,4% YoY.

RevenueVND 157.74B−29,2 % YoY

Operating incomeVND 218.46B+88,4 % YoY

Net incomeVND 173.93B+73,8 % YoY

Free cash flowVND 32.20B−41,4 % YoY

EPS—

Operating cash flowVND 12.66B+101,3 % YoY

Financials

Income statement

RevenueVND 157.74B

Gross profitVND 87.19B

Operating incomeVND 218.46B

Net incomeVND 173.93B

Margins

Gross margin55.3%

Operating margin138.5%

Net margin110.3%

FCF margin20.4%

Balance sheet

Total assetsVND 1.98T

Total liabilitiesVND 274.61B

Total equityVND 1.71T

Cash & equivalentsVND 54.60B

Long-term debtVND 0.00

Cash flow

Operating cash flowVND 12.66B

CapEx-VND 5.38B

Free cash flowVND 32.20B

SBC—

P&L flow · revenue → net income

Highlights

▍Revenue VND 157.74B, −29,2% YoY
▍Operating income +88,4% YoY
▍Net income +73,8% YoY
▍Free cash flow −41,4% YoY
▍Net margin 110.3%

Valuation FY

Market price

$18 100,00

Market cap

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Enterprise valueⓘ

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P/Eⓘ

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Non-GAAP P/Eⓘ

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EV / Revenueⓘ

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EV / Op incomeⓘ

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EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

$1.77T

Net cashⓘ

$39.25B

Current ratioⓘ

18.5

Debt / equityⓘ

0.0

ROAⓘ

3.3%

ROEⓘ

3.8%

Cash conversionⓘ

-49.0%

CapEx / revenueⓘ

-1.0%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskLow

Filing-based flags

No immediate filing-based liquidity or dilution flags were detected.

Benchmarks vs cohort

Op Margin208,6 %Best in class

Net Margin165,8 %Best in class

ROE3,8 %Above median

Capex / Rev-1,0 %Above median

D/E0,00Above P75

Cash Conv-0,49Below median

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Capex To Revenue
capital_expenditure / revenue
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income

Source documents

Tin Nghia Industrial Park Development JSC Market data — financials · 2026-05-29

Ownership & reference

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

TIP.HMCanonical

— · USD

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskLow

No immediate filing-based liquidity or dilution flags were detected.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

2024-01-23 17:37 UTCEARNINGSAnnual results — FY 2024 Revenue VND 157.74B · Net VND 173.93B

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation FY

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread