Analysis of business results & financial statements · Quý 1/2026
▲▲ Improving positively
See what is changing ↓- P/E
- —
- P/B
- 0.59x
- EPS
- —
- BVPS
- 12,126
- ROE
- 9.6%
- ROA
- 5.5%
- Market price
- 7,200 19 Oct 2026
The current picture
What Is Changing
On a Năm 2024 basis, TGP posted a sharp profit increase versus the same period, suggesting a clear improvement from a low base — profit is at an all-time high. The point still to be proven is whether this new profit level can hold once the low-base effect fades.
Across periods
A single data point, or a trajectory?
Latest eight quarters · Quý 1/2026
| Metric | Q1'26 |
|---|---|
| Revenue | 95.5 |
| LNST | 1.3 |
| Net margin | 1.37% |
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
- 4.57% +4.2pp
- Gross Margin
- None
- SG&A / Revenue
- None
Is capital being used efficiently?
Evaluate capital, asset, and working-capital efficiency.
Balance Sheet
●Balance sheet is exceptionally sound — liabilities at 0.36x equity, with a net cash position equivalent to 0.01x equity.
Inventory ended the period at 104.3bn, roughly 49.6% of total assets.
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?
Financial risk is low — the company has net cash and CFO reached 98.3bn.
Leverage & Liquidity
▲Track net leverage, interest coverage, and the liquidity buffer on the balance sheet.
At present, short-term debt accounts for 63.5% of total debt, cash equals 169.1% of debt, and total debt stands at 3.3bn.
Short-term debt accounts for 63.5% of total debt, raising near-term refinancing needs.
- Net Debt / Equity
- −0.01x
- Interest Coverage
- None
- Cash / Debt
- 169.1%
- Short-term Debt / Total Debt
- 63.5%
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 −0.01x. Warning and risk signals are not yet decisive enough to shift the picture.
- Improvement: the balance sheet remains flexible, with a net cash position equivalent to 0.01x of equity.
What to verify next
Questions for the next period
Ability to stabilize revenue after a −33,5% YoY decline.
Ability to hold margins around the current 4.57% level.
Cash-flow quality, with operating cash flow currently at 98.3bn in 2024.
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.