- Vinhomes reported a profit after tax of 35 trillion dong for the fiscal year.
- The company’s revenue stood at 102 trillion dong.
- Adjusted consolidated net revenue, including operations and business cooperation contracts, reached 141.8 trillion dong, marking a 13% increase year-over-year.
- Contracted sales for 2024 were 103.95 trillion dong, with unbilled sales at the end of 2024 amounting to 94.18 trillion dong.
- The successful sales performance was largely driven by the Vinhomes Royal Island project, which launched in March.
- As of December 31, total assets were 560.7 trillion dong, a 26% increase, while total equity rose by 21% to reach 220.4 trillion dong.
- Analyst recommendations include 17 buys, 2 holds, and no sells.
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Vinhomes on Smartkarma
Independent analyst Trung Nguyen, on Smartkarma, has published research on Vinhomes titled “Vinhomes – New Issue Assessment – Lucror Analytics”. The report discusses Vinhomes’ debut USD 144A/RegS five-year bullet notes, expected to be rated B1 by Moody’s and BB- by Fitch. Vinhomes recently launched a roadshow to market these notes, with the proceeds intended for debt refinancing and capex. The overall sentiment in the report leans towards bullish.
A look at Vinhomes Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.6 |
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
According to the Smartkarma Smart Scores, Vinhomes is expected to have a positive long-term outlook. With a strong Value score of 4, the company is deemed to offer good value for investors. Despite a lower Dividend score of 1, Vinhomes shows potential for growth with a score of 3 in that category. Moreover, its Resilience score of 3 suggests the company is well-equipped to withstand market challenges. However, Vinhomes lags in Momentum with a score of 2, indicating slower short-term performance.
Vinhomes Joint Stock Company, a real estate service provider in Vietnam, is positioned well for sustained growth based on its overall Smartkarma Smart Scores. While facing challenges in dividend distribution and short-term momentum, Vinhomes’ strong value proposition, growth potential, and resilience in the market paint a promising picture for the company’s long-term performance in the real estate sector.
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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