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Consumer sector

SNC

Consumer
Công ty Cổ phần Xuất nhập khẩu Thủy sản Năm Căn
Thực phẩm và đồ uống/Sản xuất thực phẩmCT
25.000
VND · Last close
Valuation Verdict
Undervalued
Low
-120%Fair Value+120%
Intrinsic Value
42.784
Current
25.000
Gap
+71.1%
ModelFCF DCF

Valuation Breakdown

CTThực phẩm và đồ uốngConsumer
Classified as consumer because ICB sector "Thực phẩm và đồ uống" maps to the consumer group
ModelFCF-Based DCF
Value = Sum of [FCF / (1+WACC)^t] + Terminal Value / (1+WACC)^n

A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.

1
Weighted Avg Cost of Capital
Risk-Free (Rf)
4.50%
+
Betasector default
0.800
x
ERP
4.25%
+
CRP
2.75%
=
Cost of Equity (Ke)
10.10%
Ke
10.10%
x
E/(D+E)
50.90%
+
Kd(1-t)
7.73%
x
D/(D+E)
49.10%
=
WACC
10.00%
2
Growth Estimate
fundamental firm blend5.70%
Growth decays 10%/yr toward terminal
3
Model Inputs
Base FCF16.17B
Projection years10
4
Valuation
Base FCF
16.17B
Growth Rate
5.70%
WACC
10.00%
Terminal Growth
4.00%
DCF Value
42.784
Value Decomposition
43%
57%
Explicit period (43%)Terminal value (57%)

Valuation Track Record

Retroactive intrinsic value vs actual close price — SNC

Earnings Quality

Fiscal year 2025

41
Weak
Accrual Quality
22
Cash Conversion
0
Receivables
100
Margin Stability
100
Revenue Quality
0

Financial Forensics

Beneish M-Score · 2025

-1.35
High Risk
DSRI
0.901
GMI
1.206
AQI
0.648
SGI
1.261
DEPI
0.923
SGAI
0.884
TATA
0.242
LVGI
1.378

SNC exhibits several concerning financial metrics indicating potential earnings manipulation, particularly with a Beneish M-Score of -1.3538, which is above the manipulation threshold of -1.78. Additionally, the earnings quality score of 40.6/100, particularly low cash conversion and revenue metrics, raises further concerns about the sustainability of reported earnings.

Red Flags
  • Beneish M-Score of -1.3538, indicating potential earnings manipulation risk as it is above the threshold of -1.78.
  • Earnings Quality Score of 40.6/100, with an alarming eq_cash_conv of 0.0/100, suggesting severe issues with cash flow relative to earnings.
Positive Signals
  • Strong receivables and margin metrics at 100.0/100, indicating effective revenue collection and profitability on sales.
Ownership Risk

The ownership structure is heavily concentrated, with the top two shareholders holding over 75% of shares, which could lead to governance risks and reduced minority shareholder influence.

Recommendation

Investors should closely monitor SNC's financial disclosures and consider a cautious approach, especially regarding cash flow and revenue recognition practices, while also evaluating potential governance risks due to concentrated ownership.

Generated by AI based on quantitative data. Not financial advice.

Quantitative Scores

F-Score
1/9
Weak
Z-Score
4.60
Safe Zone
Sharpe
0.53
Positive
Composite
50
Fair
Price Risk
Momentum
+3.2%
Volatility
68.0%
Max Drawdown
-26.1%

Key Ratios

Fiscal year 2025
7.73P/E
P/B1.20
P/S0.21
ROE16.0%
ROA9.1%
EPS3233.18
BVPS20909.29
Gross Margin9.8%
Net Margin2.7%
D/E0.96
Current Ratio1.63
Rev Growth26.1%
Profit Growth7.6%
EV/EBITDA8.68
Div Yield0.0%

Company Overview

Issued Shares
5.0M
Charter Capital
50.0B VND
Sector (ICB L2)
Thực phẩm và đồ uống
Industry (ICB L3)
Sản xuất thực phẩm
Sub-industry
Nuôi trồng nông & hải sản
Company Type
CT

// OWNERSHIP_NETWORK

> mapping common ownership for SNC — hover nodes for intel, click to navigate

Shareholders
Tổng Công ty Thủy sản Việt Nam
Inst
50.8%
2.5 trieu
Công ty Cổ phần CAMIMEX Group
Inst
24.5%
1.2 trieu
Bùi Đức Dũng
Indiv
6.5%
323.770
Ngô Minh Hiển
Indiv
5.1%
252.600
Trần Thiện
Indiv
5.0%
250.000
Hà Văn Hạo
Indiv
1.6%
81.850
Nguyễn Phước An
Indiv
1.0%
51.050
Đinh Việt Triều
Indiv
0.4%
20.000
Nguyễn Bá Dân
Indiv
0.1%
7.200
Lâm Ngọc Kiệt
Indiv
0.1%
6.100
Nguyễn Trường Giang
Indiv
0.1%
6.000
Board & Management
Ngô Minh Hiển5.1%
Tổng Giám đốc/Thành viên Hội đồng Quản trị
Trần Thiện5.0%
Phó Tổng Giám đốc
Nguyễn Phước An1.0%
Kế toán trưởng
Đinh Việt Triều0.4%
Phó Tổng Giám đốc
Lê Vĩnh Hòa
Thành viên Hội đồng Quản trị
Nguyễn Văn Cảnh
Phó Tổng Giám đốc
Nguyễn Đức Lộc
Thành viên Hội đồng Quản trị
Phạm Thị Thúy Hằng
Thành viên Ban kiểm soát
Thái Bá Nam
Thành viên Ban kiểm soát
Đỗ Thị Việt Hoa
Thành viên Hội đồng Quản trị
Mai Xuân Phong
Chủ tịch Hội đồng Quản trị
Trần Hữu Hoàng
Trưởng Ban kiểm soát
Computed 12/04/2026
Methodology & Disclosure

vnvalue is a methodology engine — not an advisor. Every number is the deterministic output of a published formula applied to public financial data. Nothing on this page constitutes investment, financial, legal, or tax advice, nor a recommendation to buy, sell, or hold any security.

All data, models, and outputs are provided AS IS without warranty of any kind. You are solely responsible for your investment decisions. Past performance and historical valuations are not indicative of future results.

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