Analysis of business results & financial statements · Quý 3/2021
▲▲ Improving positively
See what is changing ↓- P/E
- —
- P/B
- 3.97x
- EPS
- —
- BVPS
- 11,452
- ROE
- 3.1%
- ROA
- 2.6%
- Market price
- 45,500 16 Oct 2026
The current picture
What Is Changing
On a Năm 2025 basis, ODE is improving on both revenue and margins, suggesting current growth is backed by both scale and operating efficiency — the growth momentum has held across consecutive periods. The next test will be whether this pace holds as the comparison base gets tougher.
Across periods
A single data point, or a trajectory?
Latest eight quarters · Quý 3/2021
| Metric | Q3'21 |
|---|---|
| Revenue | 50.1 |
| LNST | 5.8 |
| Net margin | 11.62% |
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
- 4.69% +3.4pp
- Gross Margin
- None
- SG&A / Revenue
- None
Is capital being used efficiently?
Evaluate capital, asset, and working-capital efficiency.
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, total debt stands at 0.0bn.
Some leverage signals are missing, so the current read should be treated as contextual.
- Net Debt / Equity
- −0.22x
- Interest Coverage
- None
- Cash / Debt
- None
- Short-term Debt / Total Debt
- None
Balance Sheet
●Balance sheet is exceptionally sound — liabilities at 0.22x equity, with a net cash position equivalent to 0.22x equity.
None
Over the last 12 months, working capital released 0.0bn of cash.
In summary
Research synthesis
What this reporting period is showing
The business is showing brightening signals, but the improvement is still early and not yet thick enough to read as a confirmed trend. The brighter spot is balance-sheet flexibility, with net cash/equity at about −0.22x. The next item to monitor is capital structure should be read with cycle risk in mind.
- Improvement: the balance sheet remains flexible, with a net cash position equivalent to 0.22x of equity.
- Watchpoint: Capital structure should be read with cycle risk in mind.
What to verify next
Questions for the next period
Whether revenue sustains its +60,1% YoY pace or begins to slow.
Whether margins hold around the current 4.69% level or narrow again.
Whether operating cash flow holds its -22.9bn (cumulative for 2025) level in upcoming periods or weakens.
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.