Analysis of business results & financial statements · Quý 3/2025
- P/E
- —
- P/B
- 1.34x
- EPS
- —
- BVPS
- 11,582
- ROE
- —
- ROA
- —
- Market price
- 15,500 14 Oct 2026
Across periods
A single data point, or a trajectory?
Latest eight quarters · Quý 3/2025
| Metric | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|
| Revenue | 269.1 | 345.2 | 277.7 |
| LNST | 7.0 | 8.8 | 8.5 |
| Net margin | 2.60% | 2.54% | 3.05% |
Revenue
269bnNet income
7bnNet margin
2.60%Inside the statements
A closer look at what is happening inside the business
A company's statements are read with the questions that fit its type of business.
Is the profit sustainable?
Margins are broadly flat — earnings quality is the factor to watch.
What is driving the margin?
●Track net margin changes and the operating components against the same period last year.
None
- Net Margin
- None
- Gross Margin
- None
- SG&A / Revenue
- None
Is capital being used efficiently?
Evaluate capital, asset, and working-capital efficiency.
Balance Sheet
●Focus on inventory, liability structure, and year-end cash balance.
None
Over the last 12 months, working capital released 0.0bn of cash.
Working Capital Efficiency
●Track receivable, inventory, and payable turns to judge working-capital efficiency.
Track DSO, DIO, DPO components to evaluate working capital turnover efficiency.
Is financial risk significant?
Check leverage, liquidity, and cash-flow conversion.
Leverage & Liquidity
●Track net leverage, interest coverage, and the liquidity buffer on the balance sheet.
At present, short-term debt accounts for 100.0% of total debt, cash equals 10.1% of debt, and total debt stands at 139.6bn.
Short-term debt accounts for 100.0% of total debt, raising near-term refinancing needs.
Cash / debt stands at 10.1%, leaving limited liquidity buffer to monitor.
- Net Debt / Equity
- 0.72x
- Interest Coverage
- None
- Cash / Debt
- 10.1%
- Short-term Debt / Total Debt
- 100.0%
What to verify next
Questions for the next period
Durability of revenue growth into the next cycle.
Ability to sustain margin expansion in upcoming periods.
Cash-flow quality and the conversion of earnings into cash.
From one stock to the whole portfolio
Where does this stock stand
among the rest of your investments?
Each stock is only one part of the wider picture. Looking at investments side by side makes their contribution, risks and opportunities across the portfolio clearer.
How much does this stock
contribute to the portfolio?
Its weight and influence across the assets held for investment.
Is the portfolio
well balanced?
How holdings, sectors and asset groups are distributed in relation to overall risk.
What other opportunities
or risks may be present?
What becomes visible only when investments are viewed together rather than one ticker at a time.