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Consumer sector

VXT

Consumer
Công ty Cổ phần Kho vận và dịch vụ thương mại
Hàng & Dịch vụ Công nghiệp/Tư vấn & Hỗ trợ Kinh doanhCT
39.100
VND · Last close
Valuation Verdict
Overvalued
Very Low
-120%Fair Value+120%
Intrinsic Value
2.352
Current
39.100
Gap
-94.0%
ModelFCF DCF

Valuation Breakdown

CTHàng & Dịch vụ Công nghiệpConsumer
Classified as consumer because ICB sector "Hàng & Dịch vụ Công nghiệp" 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
1.000
x
ERP
4.25%
+
CRP
2.75%
=
Cost of Equity (Ke)
11.50%
Ke
11.50%
x
E/(D+E)
58.40%
+
Kd(1-t)
5.95%
x
D/(D+E)
41.60%
=
WACC
10.00%
2
Growth Estimate
fundamental firm blend5.00%
Growth decays 10%/yr toward terminal
3
Model Inputs
Base FCF2.70B
Projection years10
4
Valuation
Base FCF
2.70B
Growth Rate
5.00%
WACC
10.00%
Terminal Growth
4.00%
DCF Value
2.352
Value Decomposition
43%
57%
Explicit period (43%)Terminal value (57%)

Valuation Track Record

Retroactive intrinsic value vs actual close price — VXT

Earnings Quality

Fiscal year 2024

37
Weak
Accrual Quality
75
Cash Conversion
0
Receivables
88
Margin Stability
4
Revenue Quality
0

Financial Forensics

Beneish M-Score · 2024

-1.84
Moderate
DSRI
1.094
GMI
1.342
AQI
1.106
SGI
1.061
DEPI
0.737
SGAI
0.833
TATA
0.063
LVGI
1.067

The Beneish M-Score of -1.8433 indicates a potential for earnings manipulation, as it exceeds the threshold of -1.78. Additionally, the earnings quality score of 36.9/100, particularly low cash conversion and revenue metrics, raises concerns about the sustainability of reported earnings.

Red Flags
  • Beneish M-Score of -1.8433 indicates potential earnings manipulation.
  • Earnings Quality Score of 36.9/100, with cash conversion at 0.0/100, suggests poor earnings sustainability.
Positive Signals
  • Receivables quality score of 88.4/100 indicates strong management of receivables.
Ownership Risk

The top shareholder, Nguyen Van Xuan, holds 48.9% of the shares, which poses a significant risk of concentrated control and potential conflicts of interest in decision-making.

Recommendation

Investors should exercise caution and conduct further due diligence, particularly focusing on cash flow management and the implications of concentrated ownership.

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

Quantitative Scores

F-Score
4/9
Neutral
Z-Score
2.38
Grey Zone
Sharpe
1.39
Excellent
Composite
14
Poor
Price Risk
Momentum
-23.9%
Volatility
95.3%
Max Drawdown
-43.0%

Key Ratios

Fiscal year 2024
44.79P/E
P/B0.95
P/S0.37
ROE2.1%
ROA1.1%
EPS225.71
BVPS10575.82
Gross Margin20.2%
Net Margin0.8%
D/E0.71
Current Ratio1.57
Rev Growth6.0%
Profit Growth-73.5%
EV/EBITDA11.83
Div Yield3.0%

Company Overview

Issued Shares
6.0M
Charter Capital
60.1B VND
Sector (ICB L2)
Hàng & Dịch vụ Công nghiệp
Industry (ICB L3)
Tư vấn & Hỗ trợ Kinh doanh
Sub-industry
Nhà cung cấp thiết bị
Company Type
CT

// OWNERSHIP_NETWORK

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

Shareholders
nguyen-van-xuan
Indiv
48.9%
2.9 trieu
Nguyễn Thế Hinh
Indiv
5.8%
135.649
Nguyễn Tường Huy
Indiv
4.7%
282.054
Trần Thị Thu Hương
Indiv
2.8%
170.476
Phạm Thị Thanh Thủy
Indiv
1.6%
37.312
Phạm Thị Thanh Thủy
Indiv
1.6%
93.466
Ngô Quang Việt
Indiv
1.5%
55.434
Trương Văn Đại
Indiv
1.0%
60.000
Nguyễn Văn Hoàn
Indiv
1.0%
59.867
Đỗ Trường Giang
Indiv
1.0%
22.867
Vũ Thị Thơm
Indiv
0.9%
56.996
nguyen-kim-anh
Indiv
0.8%
46.299
Nguyễn Văn Thìn
Indiv
0.6%
22.438
Nguyễn Thị Diệp
Indiv
0.6%
13.852
Phan Ngọc Tân
Indiv
0.5%
32.575
Nguyễn Thị Liêm
Indiv
0.4%
26.259
Vũ Hồng Quảng
Indiv
0.2%
11.774
Hoàng Phú Lâm
Indiv
0.2%
3.871
Nguyễn Thị Minh Ngọc
Indiv
0.1%
7.840
Board & Management
Nguyễn Vạn Xuân48.9%
Chủ tịch Hội đồng Quản trị
Nguyễn Kim Cương3.6%
Tổng Giám đốc/Thành viên Hội đồng Quản trị
Ngô Quang Việt1.5%
Thành viên Hội đồng Quản trị
Nguyễn Văn Hoàn1.0%
Thành viên Hội đồng Quản trị
Vũ Thị Thơm0.9%
Thành viên Ban kiểm soát
Đỗ Trường Giang0.7%
Thành viên Hội đồng Quản trị/Kế toán trưởng
Phan Ngọc Tân0.5%
Thành viên Ban kiểm soát
Hà Quang Tuấn
Trưởng Ban kiểm soát
Computed 12/04/2026
Methodology & Disclosure

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