LGM
Listed Company · UPCOM
Price
—
Latest close
P/E
—
EPS
(TTM)
—
ROE
(TTM)
53.2%
P/B
—
BVPS
(Latest)
—
ROA
(TTM)
-45.8%
What Is Changing
LGM no longer looks like a business simply rebounding from a weak base. Revenue posted +24.2% YoY, while net margin reached -85.91% with an additional +116.3pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Income growth slowed to -47.2% in 2024 from 392.3% in the prior period, at VND -33.1bn.
- Revenue growth accelerated to 24.2% in 2024, up 100.1pp versus the prior year.
- Net margin improved from -202.17% in the prior period to -85.91% in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 38.6 | 31.0 | 128.7 |
| Growth | +24% | -76% | — |
| Net Income | -33.1 | -62.7 | -12.7 |
| Net Margin | -85.91% | -202.17% | -9.90% |
Quarterly snapshot data is not available yet.
Financial Statements
Profitability
Net margin reached -85.91% while Revenue posted +24.2% YoY.
Balance Sheet
Inventory stood at 2.8bn, liabilities at 157.8bn, and equity at -78.8bn.
Cash Flow
Operating cash flow was -62.8bn in 2024, while investing cash flow was -6.0bn.
Financing cash flow: 70.3bn.
| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
|
Revenue
|
38.6 | 31.0 | 128.8 |
|
Revenue Deductions
|
0.0 | 0.0 | 0.0 |
|
Net Revenue
|
38.6 | 31.0 | 128.7 |
|
Cost of Goods Sold
|
54.4 | 56.3 | 121.5 |
|
Gross Profit
|
-15.8 | -25.3 | 7.2 |
|
Financial Income
|
0.0 | 2.8 | 1.8 |
|
Financial Expenses
|
3.6 | 0.7 | 0.3 |
|
Interest Expense
|
3.6 | 0.6 | 0.3 |
|
Share of Associates and Joint Ventures
|
0.0 | 0.0 | 0.0 |
|
Selling Expenses
|
0.0 | 0.9 | 1.4 |
|
General and Administrative Expenses
|
10.6 | 29.8 | 14.8 |
|
Operating Profit
|
-30.0 | -53.9 | -7.5 |
|
Other Income
|
2.1 | 1.0 | 0.2 |
|
Other Expenses
|
5.2 | 7.3 | 5.1 |
|
Other Profit
|
-3.2 | -6.3 | -4.9 |
|
Profit Before Tax
|
-33.2 | -60.2 | -12.4 |
|
Current Income Tax Expense
|
0.0 | 0.1 | 0.0 |
|
Deferred Income Tax Expense
|
-0.1 | 2.5 | 0.3 |
|
Net Income
|
-33.1 | -62.7 | -12.7 |
|
Non-controlling Interest
|
0.0 | 0.0 | 0.0 |
|
Profit Attributable to Parent
|
-33.1 | -62.7 | -12.7 |
|
Earnings per Share
|
-4,477.00 | -8,479.00 | -1,722.00 |
|
Diluted EPS
|
-4,477.00 | -8,479.00 | -1,722.00 |
| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
14.5 | 12.3 | 64.2 |
|
I. Cash and cash equivalents
|
1.7 | 0.2 | 0.2 |
|
1. Cash
|
1.2 | 0.2 | 0.2 |
|
2. Cash equivalents
|
0.5 | 0.0 | 0.0 |
|
II. Short-term financial investments
|
0.0 | 0.0 | 0.0 |
|
1. Available for sale securities
|
0.0 | 0.0 | 0.0 |
|
2. Provision for diminution in value of available for sale securities (*)
|
0.0 | 0.0 | 0.0 |
|
3. Held to maturity investments
|
0.0 | 0.0 | 0.0 |
|
III. Short-term receivables
|
6.7 | 5.8 | 51.9 |
|
1. Short-term trade accounts receivable
|
15.0 | 18.9 | 51.3 |
|
2. Short-term prepayments to suppliers
|
0.7 | 0.0 | 0.1 |
|
3. Short-term inter-company receivables
|
0.0 | 0.0 | 0.0 |
|
4. Construction contract progress receipts due from customers
|
0.0 | 0.0 | 0.0 |
|
5. Short-term loan receivables
|
0.0 | 0.0 | 0.0 |
|
6. Other short-term receivables
|
0.7 | 0.4 | 0.7 |
|
7. Provision for short-term doubtful debts (*)
|
-10.7 | -14.5 | -0.1 |
|
8. Assets awaiting resolution
|
0.9 | 0.9 | 0.0 |
|
IV. Inventories
|
2.8 | 3.6 | 11.0 |
|
1. Inventories
|
5.2 | 7.5 | 14.5 |
|
2. Provision for decline in value of inventories
|
-2.3 | -3.9 | -3.5 |
|
V. Other short-term assets
|
3.3 | 2.7 | 1.1 |
|
1. Short-term prepayments
|
0.1 | 0.1 | 0.6 |
|
2. Value added tax to be reclaimed
|
3.0 | 2.4 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
0.2 | 0.1 | 0.5 |
|
4. Government bonds
|
0.0 | 0.0 | 0.0 |
|
5. Other short-term assets
|
0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
64.4 | 53.4 | 47.0 |
|
I. Long-term receivables
|
0.1 | 0.1 | 0.0 |
|
1. Long-term trade receivables
|
0.0 | 0.0 | 0.0 |
|
2. Long-term prepayments to suppliers
|
0.0 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
0.1 | 0.1 | 0.0 |
|
7. Provision for long-term doubtful debts
|
0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
1.1 | 1.0 | 2.1 |
|
1. Tangible fixed assets
|
1.1 | 1.0 | 2.1 |
|
- Cost
|
73.2 | 85.1 | 86.0 |
|
- Accumulated depreciation
|
-72.1 | -84.1 | -83.8 |
|
2. Financial leased fixed assets
|
0.0 | 0.0 | 0.0 |
|
- Cost
|
0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
0.0 | 0.0 | 0.0 |
|
- Cost
|
0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 0.0 |
|
III. Investment properties
|
0.0 | 0.0 | 0.0 |
|
- Cost
|
0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
53.1 | 42.1 | 30.5 |
|
1. Long-term production in progress
|
0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
53.1 | 42.1 | 30.5 |
|
V. Long-term financial investments
|
9.6 | 9.6 | 11.3 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
0.0 | 0.0 | 0.0 |
|
3. Investments in other entities
|
9.6 | 9.6 | 11.3 |
|
4. Provision for diminution in value of long-term investments
|
0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
0.0 | 0.0 | 0.0 |
|
6. Other long-term investments
|
0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
0.6 | 0.6 | 3.1 |
|
1. Long-term prepayments
|
0.1 | 0.1 | 0.2 |
|
2. Deferred income tax assets
|
0.5 | 0.5 | 2.9 |
|
3. Long-term equipment, supplies, spare parts
|
0.0 | 0.0 | 0.0 |
|
4. Other long-term assets
|
0.0 | 0.0 | 0.0 |
|
5. Goodwill
|
0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
78.9 | 65.7 | 111.2 |
|
A. LIABILITIES (300=210+330)
|
157.8 | 111.4 | 94.2 |
|
I. Short -term liabilities
|
135.8 | 91.0 | 74.2 |
|
1. Short-term trade accounts payable
|
2.8 | 0.4 | 1.6 |
|
2. Short-term advances from customers
|
0.0 | 0.0 | 0.2 |
|
3. Taxes and other payables to state authorities
|
25.5 | 50.4 | 38.4 |
|
4. Payable to employees
|
4.1 | 5.1 | 7.1 |
|
5. Short-term acrrued expenses
|
2.3 | 4.6 | 16.6 |
|
6. Short-term inter-company payables
|
0.0 | 0.0 | 0.0 |
|
7. Construction contract progress payments due to suppliers
|
0.0 | 0.0 | 0.0 |
|
8. Short-term unearned revenue
|
0.0 | 0.0 | 0.0 |
|
9. Other short-term payables
|
12.2 | 12.0 | 7.2 |
|
10. Short-term borrowings and financial leases
|
88.8 | 18.5 | 3.0 |
|
11. Provision for short-term liabilities
|
0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
0.2 | 0.2 | 0.2 |
|
13. Price stabilization fund
|
0.0 | 0.0 | 0.0 |
|
14. Government bonds
|
0.0 | 0.0 | 0.0 |
|
II. Long-term liabilities
|
22.0 | 20.4 | 20.0 |
|
1. Long-term trade payables
|
0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
0.0 | 0.0 | 0.0 |
|
3. Long-term acrrued expenses
|
0.0 | 0.0 | 0.0 |
|
4. Inter-company payables on business capital
|
0.0 | 0.0 | 0.0 |
|
5. Long-term inter-company payables
|
0.0 | 0.0 | 0.0 |
|
6. Long-term unearned revenue
|
0.0 | 0.0 | 0.0 |
|
7. Other long-term liabilities
|
0.5 | 0.1 | 0.1 |
|
8. Long-term borrowings and financial leases
|
0.0 | 0.0 | 0.0 |
|
9. Convertible bonds
|
0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
0.0 | 0.0 | 0.0 |
|
12. Provision for long-term liabilities
|
21.4 | 20.3 | 19.9 |
|
13. Fund for technology development
|
0.0 | 0.0 | 0.0 |
|
14. Provision for severance allowances
|
0.0 | 0.0 | 0.0 |
|
B. OWNER'S EQUITY (400=410+430)
|
-78.8 | -45.7 | 17.0 |
|
I. Owner's equity
|
-78.8 | -45.7 | 17.0 |
|
1. Owner's capital
|
74.0 | 74.0 | 74.0 |
|
- Common stock with voting right
|
74.0 | 74.0 | 74.0 |
|
- Preferred stock
|
0.0 | 0.0 | 0.0 |
|
2. Share premium
|
0.0 | 0.0 | 0.0 |
|
3. Convertible bond option
|
0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
4.0 | 4.0 | 4.0 |
|
5. Treasury shares
|
0.0 | 0.0 | 0.0 |
|
6. Assets revaluation differences
|
0.0 | 0.0 | 0.0 |
|
7. Foreign exchange differences
|
0.0 | 0.0 | 0.0 |
|
8. Investment and development fund
|
9.6 | 9.6 | 9.6 |
|
9. Fund to support corporate restructuring
|
0.0 | 0.0 | 0.0 |
|
10. Other funds from owner's equity
|
0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
-166.4 | -133.3 | -70.6 |
|
- Accumulated retained earning at the end of the previous period
|
-133.3 | -70.6 | -57.8 |
|
- Undistributed earnings in this period
|
-33.1 | -62.7 | -12.7 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
0.0 | 0.0 | 0.0 |
|
14. Financial reserves
|
0.0 | 0.0 | 0.0 |
|
II. Other resources and funds
|
0.0 | 0.0 | 0.0 |
|
1. Subsidized not-for-profit funds
|
0.0 | 0.0 | 0.0 |
|
2. Funds invested in fixed assets
|
0.0 | 0.0 | 0.0 |
|
C. MINORITY'S INTEREST
|
0.0 | 0.0 | 0.0 |
|
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)
|
78.9 | 65.7 | 111.2 |
| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
|
Profit Before Tax
|
-33.2 | -60.2 | -12.4 |
|
Depreciation of Fixed Assets and Investment Property
|
0.6 | 1.1 | 1.9 |
|
Provision (Increase)/Reversal
|
-6.5 | 15.1 | -0.7 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-0.0 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-2.0 | -3.0 | -1.9 |
|
Interest Expense
|
3.6 | 0.6 | 0.3 |
|
Gain/Loss on Disposal of Fixed Assets
|
0.0 | 0.0 | 0.0 |
|
Interest Income and Dividends
|
0.0 | 0.0 | 0.0 |
|
Amortization of Goodwill
|
0.0 | 0.0 | 0.0 |
|
Other Adjustments
|
0.0 | 0.0 | 0.0 |
|
Operating Profit Before Changes in Working Capital
|
-37.4 | -46.2 | -12.8 |
|
Increase/(Decrease) in Receivables
|
2.3 | 29.6 | 22.9 |
|
Increase/(Decrease) in Inventory
|
2.3 | 7.1 | -4.8 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
-29.9 | -10.9 | -9.2 |
|
Increase/(Decrease) in Prepaid Expenses
|
0.1 | 0.5 | 0.0 |
|
Changes in Trading Securities
|
0.0 | 0.0 | 0.0 |
|
Interest Paid
|
-0.1 | 0.0 | -0.3 |
|
Corporate Income Tax Paid
|
-0.1 | 0.0 | 0.0 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-0.0 | -0.0 | -0.0 |
|
Net Cash Flow from Operating Activities
|
-62.8 | -19.9 | -4.2 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-8.0 | -0.1 | 0.0 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
2.0 | 0.3 | 0.2 |
|
Loans and Purchases of Debt Instruments
|
0.0 | 0.0 | 0.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
0.0 | 0.0 | 0.0 |
|
Investments in Other Entities
|
0.0 | 0.0 | 0.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 1.7 | 0.0 |
|
Dividends and Interest Income Received
|
0.0 | 2.6 | 1.8 |
|
Increase/(Decrease) in Term Deposits
|
0.0 | 0.0 | 0.0 |
|
Acquisition of Non-controlling Interests
|
0.0 | 0.0 | 0.0 |
|
Other Investing Receipts
|
0.0 | 0.0 | 0.0 |
|
Other Investing Payments
|
0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-6.0 | 4.5 | 1.9 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 0.0 | 0.0 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
109.3 | 15.5 | 12.2 |
|
Repayment of Borrowings
|
-39.0 | 0.0 | -13.5 |
|
Repayment of Finance Leases
|
0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
-0.0 | -0.0 | -0.0 |
|
Other Financing Receipts
|
0.0 | 0.0 | 0.0 |
|
Other Financing Payments
|
0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Financing Activities
|
70.3 | 15.5 | -1.3 |
|
Net Cash Flow During the Period
|
1.5 | 0.1 | -3.6 |
|
Cash and Cash Equivalents at Beginning of Period
|
0.2 | 0.2 | 3.8 |
|
FX Difference from Revaluation
|
0.0 | -0.0 | -0.0 |
|
Cash and Cash Equivalents at End of Period
|
1.7 | 0.2 | 0.2 |
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