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CTA

Công ty Cổ phần Vinavico

ConstructionXây dựng và Vật liệuCT
1.400
VND · Last close
No valuation yet
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Financial Forensics

Beneish M-Score · 2016

Remainder
M −4.67 · 2nd pctile vs VN companies
YoY ▼ −3.39
Conservative vs VN peersAggressive
Compare across the whole market

Ranked vs Vietnamese peers. The −1.78 Beneish cutoff is US-calibrated; ~28% of VN stocks exceed it.

DSRI
1.002
GMI
1.219
AQI
0.961
SGI
0.826
DEPI
1.194
SGAI
4.602
TATA
−0.321
LVGI
1.126

Checks measured on Vietnamese companies · FY2017

Receivables outside the trade cyclePrepayments to suppliers, loans and other long-term receivables / total assets
20.6%93rd pctile
Accumulated losses / paid-in capitalUndistributed earnings below zero
0.60×
Consecutive years of net lossProfit after tax of the parent
2
Owner's equityWithout the non-controlling interest
Positive

Percentiles rank each fiscal year against Vietnamese non-financial companies (0 lowest, 100 highest). Over FY2015-2024, low cash conversion and a large share of receivables outside the trade cycle came before more listing trouble and more net losses the next year.

Statutory loss tests (Decree 155/2020/NĐ-CP, Art. 120(1)(e), amended by Decree 245/2025/NĐ-CP): a HOSE or HNX listing is cancelled when the audited annual statements show net losses in each of the latest 3 years, accumulated losses above the paid-in charter capital, or negative owner's equity. Read here from the annual statements as the data vendor publishes them. The company trades on UPCoM, where these tests do not apply.

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Key Ratios

Fiscal year 2017
—P/E
P/B
0.30
P/S
—
ROE
−16.5%
ROA
−9.4%
EPS
−833
BVPS
4.635
D/E
0.00
Current Ratio
1.26
Rev Growth
−100.0%
Profit Growth
+65.3%
EV/EBITDA
—
Div Yield
0.0%

Company Overview

Issued Shares
—
Charter Capital
—
Sector (ICB L2)
Xây dựng và Vật liệu
Industry (ICB L3)
Xây dựng và Vật liệu
Sub-industry
Xây dựng
Company Type
CT

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