- Vingroup’s profit after tax for the fiscal year was 2.1 trillion dong, a 6.1% increase from the previous year.
- The company’s revenue for the year was 161.6 trillion dong.
- A significant increase in revenue was observed in 2023, with a 59% year-on-year increase. This was primarily due to deliveries and revenue recognition of low-rise residential products at Vinhomes Ocean Park 2 and Vinhomes Ocean Park 3.
- The company also saw strong growth in Electric Vehicle (EV) deliveries compared to the same period in the previous year.
- As of December 31, Vingroup’s total assets were valued at 669.6 trillion dong, marking a 16% increase from the end of 2022.
- The company received two buy ratings and one hold rating, with no sell ratings.
- All comparisons to past results are based on values reported by the company in its original disclosures.
Vingroup Jsc on Smartkarma
Vingroup Jsc, a leading Vietnamese conglomerate, has recently received a lot of attention from independent analysts on Smartkarma, an investment research network. In a recent report by David Blennerhassett, he expresses bearish sentiment towards Vingroup’s subsidiary, VinFast, which specializes in electric vehicles. Blennerhassett argues that VinFast’s current valuation, which is four times that of General Motors and twice that of Mercedes-Benz, is not sustainable and makes no sense. With Vingroup’s holding in VinFast being worth 13 times its own market cap, Blennerhassett advises caution when considering investing in Vingroup.
A look at Vingroup Jsc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, the long-term outlook for Vingroup Jsc is looking positive. The company has received a score of 3 out of 5 for value, indicating that it is trading at a fair price compared to its peers. However, its dividend score is only at 1, which means that it may not be the most attractive option for investors looking for regular income.
On the other hand, Vingroup Jsc has scored a perfect 5 out of 5 for growth, which suggests that the company has a strong potential for future growth. This is further supported by its score of 3 for momentum, indicating that the company is gaining positive attention and may continue to perform well in the market.
Despite these positive scores, Vingroup Jsc has received a score of 2 for resilience, which could be a cause for concern. This means that the company may not be as financially stable as its peers, and may be more vulnerable to economic downturns. Overall, Vingroup Jsc is a real estate development company that serves customers worldwide, and its Smartkarma Smart Scores indicate a promising long-term outlook for the company’s performance.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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