VTQ

Việt Trung Quảng Bình ·UPCOM ·2026Q1

▲▲ Improving positively

Price

5,700

Latest close

01 Jun 2026

P/E 12.39x

P/B 0.75x

EPS 460

BVPS 7,609

ROE 6.2%

ROA 3.9%

Profit Margin 5.6%

Asset Turnover 0.69x

Equity Mult. 1.58x

TTM · Applied to: EPS, ROE, ROA, Net Margin, Asset Turnover, Debt/Equity

What Is Changing

On a TTM 2026Q1 basis, VTQ is growing strongly on the back of scale expansion, while margins have only improved slightly — margins have been expanding consistently over multiple periods. What is still missing is the ability to translate this revenue momentum into more visible margin improvement.

	                            
	                                TTM REVENUE
	                            
	                                    VND 139bn
	                                
+20.1%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 8bn
	                                
+34.6%YoY

Metric	2025	2024	2023	2022	2021
Revenue	110.8	122.0	62.5	61.0	51.0
Growth	-9%	+95%	+2%	+20%	—
Net Income	6.4	4.0	-41.4	-12.1	27.0
Net Margin	5.74%	3.25%	-66.29%	-19.83%	52.90%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	38.0	38.6	46.2	16.4	9.7	37.9	49.2	19.2	15.7	19.5	20.1	18.3
Growth	-1%	-16%	+183%	+69%	-75%	-23%	+156%	+22%	-20%	-3%	+10%	—
Net Income	-3.9	2.9	7.2	1.6	-4.2	0.5	10.6	-1.1	-3.1	-12.2	2.5	-0.2
Net Margin	-10.24%	7.59%	15.61%	9.88%	-42.99%	1.25%	21.59%	-5.70%	-19.52%	-62.55%	12.34%	-0.87%

Drivers of VTQ's profit

TTM

Net profit attributable to parent increased vs last year, mainly helped by lower finance costs. Supporting and offsetting drivers:

Finance costs ↓ 5.1bn

Financial income ↑ 2.5bn

Gross profit ↓ 2.7bn

Other profit ↓ 1.5bn

Administrative expenses ↑ 1.2bn

TTM

Net profit attributable to parent increased vs prior quarter, mainly helped by higher gross profit. Supporting and offsetting drivers:

Gross profit ↑ 0.9bn

Administrative expenses ↑ 0.5bn

Finance costs ↑ 0.1bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 4.8% = 5.0% × 0.61 × 1.54

2026Q1 6.2% = 5.6% × 0.69 × 1.58

ROE rose from 4.8% to 6.2% — all three components improved, with asset turnover contributing the most.

Net margin: 5.6% +0.6pp Asset turnover: 0.69x +0.08x Leverage: 1.58x +0.05x

Is the profit sustainable?

Margins are improving and earnings quality is solid — a durable foundation for ROE.

very positive positive stable watch under pressure

What is driving the margin?

Net margin edged up to 5.65%, rising 0.6pp. Core operating signals are improving as SG&A / Revenue fell 0.6pp are enough to offset pressure from Gross margin fell 5.4pp (in addition, Net financial result / Revenue rose 6.6pp added support while Other profit / Revenue fell 1.2pp remained a drag).

Margin improves from both core operations and non-core items — the core foundation is positive, but the sustainability of non-core contributions needs monitoring.

Profitability trend

Net Margin 5.65% +0.6pp

Gross Margin 15.22% −5.4pp

SG&A / Revenue 8.69% −0.6pp

TTM YoY · 2025Q1 -> 2026Q1

Is capital being used efficiently?

Capital efficiency should be read in industry context — ROIC may fluctuate with business specifics.

Is capital being deployed efficiently?

Track how much operating profit the business generates on invested capital.

Industry characteristics make ROIC cyclical — this is a reference signal and should be read with the business context.

CAPITAL EFFICIENCY TREND

ROIC — —

NOPAT Margin — —

Capital Turnover 0.81x +0.11x

Average Invested Capital 172.5bn +6.7bn

Balance Sheet

ROIC above should be read with industry context — the balance sheet below adds perspective. Capital structure is conservative with low leverage — liabilities at 0.66x equity, net debt at 0.40x equity.

Over the last 12 months, working capital released 0.0bn of cash.

Working Capital Drivers

Receivables were broadly stable → neutral CFO: —

Inventories were broadly stable → neutral CFO: —

Payables were broadly stable → neutral CFO: —

Working Capital Efficiency

Working capital is being managed more efficiently, supporting overall capital efficiency. Cash conversion cycle improved by 17.8 days versus the same period last year. The main moves came from DIO fell 3.9 days, DSO fell 4.2 days, and DPO rose 9.7 days.

All 3 drivers (collection, inventory, payables) are improving — working capital turnover is strengthening across the board.

Working Capital Efficiency

Receivables 36.1 days −4.2 days

Inventory 41.7 days −3.9 days

Payables 32.7 days +9.7 days

Cash Conversion Cycle 45.1 days −17.8 days

Is financial risk significant?

Check leverage, liquidity, and cash-flow conversion.

Leverage & Liquidity

Leverage is balanced for now, with net debt / equity at 0.40x and interest coverage at 2.46x.

At present, short-term debt accounts for 83.0% of total debt, cash equals 5.8% of debt, and total debt stands at 55.4bn.

Watchpoints

Short-term refinancing pressure is meaningful

Short-term debt accounts for 83.0% of total debt, raising near-term refinancing needs.

Cash buffer is thin relative to debt

Cash / debt stands at 5.8%, leaving limited liquidity buffer to monitor.

Leverage and liquidity trend

Net Debt / Equity 0.40x +0.08x

Interest Coverage 2.46x +1.90x

Cash / Debt 5.8% −5.1pp

Short-term Debt / Total Debt 83.0% −16.6pp

CFO / NI 0.52x −9.65x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 15.5bn in 2025, against investing cash flow of -23.0bn.

Post-investment cash flow was negative +7.5bn. Financing cash flow was positive +14.3bn.

CFO / net income was 0.52x.

Track how much investment can be funded internally from operating cash flow.

Cash capex or FCF data is incomplete, so the cash-conversion view is only partial.

Cash Conversion

CFO TTM 4.1bn −55.3bn

Cash Capex — —

FCF TTM — —

Investment Takeaway

The business is heading the right way, but the current picture is still at partial confirmation — not yet a fully clean case. The positive points have clearly improved, showing the operating base is better than before. The next item to monitor is capital efficiency. The main risk still sits in leverage and liquidity, with interest coverage at 2.46x.

Watchpoint: Capital efficiency needs cycle context.

Key risk: leverage and liquidity remain a pressure point, with net debt / equity at 0.40x and a thin cash buffer.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	110.8	122.0	62.6	61.0	51.0
Revenue Deductions	—	0.0	0.1	0.0	0.0
Net Revenue	110.8	122.0	62.5	61.0	51.0
Cost of Goods Sold	91.1	95.2	50.5	53.9	0.0
Gross Profit	19.7	26.8	12.0	7.1	2.2
Financial Income	0.1	0.1	0.1	10.1	40.8
Financial Expenses	0.2	12.7	44.0	19.4	-4.1
Interest Expense	3.3	3.6	4.6	4.0	-4.0
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	0.0
Selling Expenses	0.2	0.3	0.2	0.3	-0.4
General and Administrative Expenses	11.7	10.5	11.3	15.2	-14.3
Operating Profit	7.6	3.4	-43.3	-17.7	24.2
Other Income	0.3	0.6	2.3	6.3	0.0
Other Expenses	1.5	0.0	0.4	0.7	0.0
Other Profit	-1.2	0.6	1.9	5.6	2.8
Profit Before Tax	6.4	4.0	-41.4	-12.1	27.0
Current Income Tax Expense	—	0.0	0.0	0.0	0.0
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	6.4	4.0	-41.4	-12.1	27.0
Non-controlling Interest	—	0.0	0.0	0.0	0.0
Profit Attributable to Parent	6.4	4.0	-41.4	-12.1	27.0
Earnings per Share	372.00	232.00	-2,425.00	-708.00	1,580.24
Diluted EPS	372.00	232.00	-2,425.00	-708.00	1,580.24

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	42.0	35.4	21.4	32.0	43.7
I. Cash and cash equivalents	13.0	6.3	3.7	7.3	1.6
1. Cash	13.0	6.3	3.7	7.3	0.0
2. Cash equivalents	—	0.0	0.0	0.0	0.0
II. Short-term financial investments	—	0.0	0.0	1.0	0.0
1. Available for sale securities	—	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	0.0	0.0	0.0	0.0
3. Held to maturity investments	—	0.0	0.0	1.0	0.0
III. Short-term receivables	12.3	15.4	4.3	9.9	28.4
1. Short-term trade accounts receivable	15.8	15.0	13.5	15.4	0.0
2. Short-term prepayments to suppliers	0.4	0.5	0.2	0.8	0.0
3. Short-term inter-company receivables	—	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other short-term receivables	7.9	11.7	2.4	2.3	0.0
7. Provision for short-term doubtful debts (*)	-11.8	-11.7	-11.8	-8.6	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	16.6	13.6	13.3	13.8	12.7
1. Inventories	16.6	13.6	13.3	13.9	0.0
2. Provision for decline in value of inventories	-0.0	-0.0	-0.0	-0.1	0.0
V. Other short-term assets	0.0	0.1	0.1	0.0	0.0
1. Short-term prepayments	0.0	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	—	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	0.0	0.1	0.1	0.0	0.0
4. Government bonds	—	0.0	0.0	0.0	0.0
5. Other short-term assets	—	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	179.8	162.6	173.4	206.6	225.2
I. Long-term receivables	—	0.0	0.0	0.0	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other long-term receivables	—	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	129.0	117.4	118.1	115.5	100.3
1. Tangible fixed assets	129.0	117.4	118.1	115.5	100.3
- Cost	266.4	247.2	240.0	231.1	0.0
- Accumulated depreciation	-137.4	-129.8	-121.9	-115.5	0.0
2. Financial leased fixed assets	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
3. Intangible fixed assets	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
III. Investment properties	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	28.0	25.3	26.3	23.1	41.4
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	28.0	25.3	26.3	23.1	0.0
V. Long-term financial investments	22.1	19.0	28.1	66.5	81.8
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	81.8	81.8	81.8	81.8	0.0
3. Investments in other entities	—	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	-60.7	-63.8	-54.7	-15.4	0.0
5. Held to maturity investments	1.0	1.0	1.0	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	0.8	0.8	1.0	1.5	0.0
1. Long-term prepayments	0.8	0.8	1.0	1.5	0.0
2. Deferred income tax assets	—	0.0	0.0	0.0	0.0
3. Long-term equipment, supplies, spare parts	—	0.0	0.0	0.0	0.0
4. Other long-term assets	—	0.0	0.0	0.0	1.7
5. Goodwill	—	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	221.8	197.9	194.8	238.7	269.0
A. LIABILITIES (300=210+330)	87.9	70.4	69.3	71.8	74.3
I. Short -term liabilities	79.2	69.9	68.5	69.9	70.4
1. Short-term trade accounts payable	13.0	14.6	4.8	4.3	6.6
2. Short-term advances from customers	0.2	0.2	0.5	1.5	1.5
3. Taxes and other payables to state authorities	1.5	0.4	0.3	0.2	0.0
4. Payable to employees	8.3	8.0	7.0	5.7	0.0
5. Short-term acrrued expenses	0.3	0.1	0.2	0.2	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	0.9	0.2	0.2	0.0	0.0
9. Other short-term payables	6.0	2.9	2.7	3.7	0.0
10. Short-term borrowings and financial leases	45.4	39.2	47.8	48.3	46.1
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	3.5	4.2	5.1	5.9	0.0
13. Price stabilization fund	—	0.0	0.0	0.0	0.0
14. Government bonds	—	0.0	0.0	0.0	0.0
II. Long-term liabilities	8.8	0.5	0.8	1.9	3.9
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	0.0	0.0	0.0	0.0
7. Other long-term liabilities	0.5	0.3	0.3	0.3	0.0
8. Long-term borrowings and financial leases	8.3	0.2	0.6	1.6	3.6
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.0	0.0
13. Fund for technology development	—	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	133.9	127.5	125.4	166.9	194.7
I. Owner's equity	133.2	126.8	124.7	166.2	0.0
1. Owner's capital	170.8	170.8	170.8	170.8	194.0
- Common stock with voting right	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0	0.0
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0	0.0
5. Treasury shares	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	7.5	7.5	7.5	7.5	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	-45.1	-51.4	-53.5	-12.1	23.0
- Accumulated retained earning at the end of the previous period	-51.4	-55.4	-12.1	0.0	0.0
- Undistributed earnings in this period	6.4	4.0	-41.4	-12.1	23.0
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	—	0.0	0.0	0.0	0.0
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	0.7	0.7	0.7	0.7	0.7
1. Subsidized not-for-profit funds	—	0.0	0.7	0.0	0.0
2. Funds invested in fixed assets	0.7	0.7	0.0	0.7	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	221.8	197.9	194.8	238.7	269.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	6.4	4.0	-41.4	-12.1	0.0
Depreciation of Fixed Assets and Investment Property	8.6	8.1	6.4	7.8	1.0
Provision (Increase)/Reversal	-3.1	9.0	42.5	18.6	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	1.4	-0.1	0.2	-10.1	0.0
Interest Expense	3.3	3.6	4.6	4.0	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	16.6	24.7	12.2	8.2	0.0
Increase/(Decrease) in Receivables	1.8	-11.1	2.5	-1.6	0.0
Increase/(Decrease) in Inventory	-3.0	-0.3	0.5	-1.4	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	3.1	11.5	-8.3	-7.2	0.0
Increase/(Decrease) in Prepaid Expenses	0.0	0.2	0.6	0.2	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-3.1	-3.7	-4.6	-4.0	0.0
Corporate Income Tax Paid	—	0.0	0.0	0.0	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	15.5	21.3	2.9	-5.8	-13.2
Payments for Fixed Assets and Other Long-term Assets	-24.6	-9.9	-5.0	-3.3	-8.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	1.6	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	0.0	0.0	0.0	0.0
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	0.1	0.1	0.1	24.2	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-23.0	-9.8	-4.9	20.9	15.1
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	74.1	58.1	80.3	52.8	18.4
Repayment of Borrowings	-59.9	-67.0	-81.9	-52.6	-22.1
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	—	0.0	0.0	-9.6	0.0
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	14.3	-8.9	-1.6	-9.3	-3.7
Net Cash Flow During the Period	6.7	2.5	-3.6	5.7	0.0
Cash and Cash Equivalents at Beginning of Period	6.3	3.7	7.3	1.6	5.8
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	13.0	6.3	3.7	7.3	0.0

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	38.0	38.6	46.2	16.4	9.7	37.9	49.2	19.2	15.7	19.5	20.2	18.3
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.1	0.0
Net Revenue	38.0	38.6	46.2	16.4	9.7	37.9	49.2	19.2	15.7	19.5	20.1	18.3
Cost of Goods Sold	37.9	31.0	35.3	13.9	10.4	31.2	36.0	14.5	15.0	14.2	13.9	13.5
Gross Profit	0.2	7.6	10.9	2.5	-0.8	6.7	13.2	4.7	0.7	5.3	6.2	4.8
Financial Income	0.0	0.0	0.0	2.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Financial Expenses	0.7	0.7	0.9	1.0	0.7	3.0	0.7	4.0	0.8	19.0	0.9	1.4
Interest Expense	0.7	1.0	0.9	1.0	0.7	0.9	0.7	1.2	0.8	1.2	0.9	1.4
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	0.1	0.2	0.1	—	0.0	0.1	0.0	0.0	0.1	0.1	0.0	0.0
General and Administrative Expenses	3.3	3.2	2.9	2.5	2.7	3.3	2.2	2.3	3.0	0.3	3.1	3.5
Operating Profit	-3.9	3.6	7.0	1.5	-4.2	0.3	10.2	-1.6	-3.2	-14.1	2.2	-0.2
Other Income	0.0	1.4	0.3	0.1	0.0	0.2	0.4	0.5	0.2	2.1	0.3	0.0
Other Expenses	0.0	2.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.3	0.0	0.0
Other Profit	0.0	-0.7	0.2	0.1	-0.0	0.2	0.4	0.5	0.2	1.8	0.3	-0.0
Profit Before Tax	-3.9	2.9	7.2	1.6	-4.2	0.5	10.6	-1.1	-3.1	-12.2	2.5	-0.2
Current Income Tax Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Income Tax Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	-3.9	2.9	7.2	1.6	-4.2	0.5	10.6	-1.1	-3.1	-12.2	2.5	-0.2
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	-3.9	2.9	7.2	1.6	-4.2	0.5	10.6	-1.1	-3.1	-12.2	2.5	-0.2
Earnings per Share	-228.00	171.39	422.22	94.56	-243.33	27.80	621.43	-64.00	-179.49	-715.80	145.05	-9.29
Diluted EPS	-228.00	171.39	422.22	94.56	-243.33	27.80	621.43	-64.00	-179.49	-715.80	145.05	-9.29

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	33.0	42.4	31.6	41.8	23.7	36.5	24.7	23.6	17.6	24.4	22.3	24.2
I. Cash and cash equivalents	3.2	13.0	8.6	10.4	4.8	6.4	5.4	5.6	2.2	3.7	2.7	2.1
1. Cash	3.2	13.0	8.6	10.4	4.8	6.4	5.4	5.6	2.2	3.7	2.7	2.1
2. Cash equivalents	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	—	—	—	—	—	0.0	0.0	0.0	0.0	1.0	0.0	1.0
1. Available for sale securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Held to maturity investments	—	—	—	—	—	0.0	0.0	0.0	0.0	1.0	0.0	1.0
III. Short-term receivables	15.3	12.4	10.6	14.7	6.1	16.5	4.5	5.6	5.1	6.3	8.2	9.7
1. Short-term trade accounts receivable	15.9	15.8	14.4	13.0	11.6	14.9	12.2	11.9	14.0	13.5	13.4	13.5
2. Short-term prepayments to suppliers	0.4	0.4	0.9	5.7	1.3	0.5	0.6	0.1	0.2	0.2	0.5	0.2
3. Short-term inter-company receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	10.7	7.9	7.0	7.6	4.8	12.9	3.5	5.5	2.7	2.3	4.0	4.6
7. Provision for short-term doubtful debts (*)	-11.8	-11.7	-11.7	-11.6	-11.6	-11.8	-11.8	-11.8	-11.8	-9.7	-9.7	-8.6
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	14.3	17.0	12.4	16.8	12.7	13.6	14.8	12.2	10.3	13.3	11.2	11.3
1. Inventories	14.3	17.0	12.4	16.8	12.7	13.6	14.8	12.3	10.3	13.3	11.3	11.4
2. Provision for decline in value of inventories	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0	-0.1
V. Other short-term assets	0.2	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
1. Short-term prepayments	0.0	0.0	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	0.1	—	—	—	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	0.1	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1
4. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	182.0	179.2	175.2	167.8	162.4	162.2	167.6	171.8	173.6	177.1	190.9	208.3
I. Long-term receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term trade receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	126.6	107.9	111.6	113.2	115.3	118.8	119.0	115.7	116.4	118.1	120.0	113.2
1. Tangible fixed assets	126.6	107.9	111.6	113.2	115.3	118.8	119.0	115.7	116.4	118.1	120.0	113.2
- Cost	266.5	—	—	—	—	247.2	245.9	240.9	240.0	240.0	240.2	231.8
- Accumulated depreciation	-139.9	—	—	—	—	-128.3	-126.9	-125.2	-123.6	-121.9	-120.3	-118.6
2. Financial leased fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	32.6	48.9	41.4	32.4	27.4	23.4	26.5	30.0	28.3	26.5	20.5	27.3
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	32.6	48.9	41.4	32.4	27.4	23.4	26.5	30.0	28.3	26.5	20.5	27.3
V. Long-term financial investments	22.1	21.7	21.5	21.5	19.0	19.0	21.1	25.2	28.1	31.6	49.3	66.5
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	81.8	81.8	81.8	81.8	81.8	81.8	81.8	81.8	81.8	81.8	81.8	81.8
3. Investments in other entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	-60.7	-61.1	-61.4	-61.4	-63.8	-63.8	-61.7	-57.6	-54.7	-50.3	-32.5	-15.4
5. Held to maturity investments	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.0	0.0	0.0
6. Other long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	0.7	0.8	0.8	0.8	0.7	0.9	1.0	0.8	0.8	1.0	1.1	1.3
1. Long-term prepayments	0.7	0.8	0.8	0.8	0.7	0.9	1.0	0.8	0.8	1.0	1.1	1.3
2. Deferred income tax assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term equipment, supplies, spare parts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Goodwill	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	215.0	221.7	206.8	209.6	186.1	198.7	192.3	195.3	191.2	201.5	213.2	232.5
A. LIABILITIES (300=210+330)	85.0	87.5	75.6	84.7	62.8	70.5	64.6	74.1	68.9	69.5	68.9	70.2
I. Short -term liabilities	75.2	78.7	68.2	80.3	62.3	70.0	64.0	73.5	68.0	68.6	67.5	68.8
1. Short-term trade accounts payable	15.3	13.0	9.8	17.4	5.9	14.6	6.0	8.7	5.7	4.8	5.2	4.4
2. Short-term advances from customers	0.1	0.2	0.5	0.3	0.3	0.2	0.3	0.5	0.5	0.5	0.7	1.6
3. Taxes and other payables to state authorities	1.1	1.1	2.4	1.2	0.7	0.4	1.2	0.7	1.2	0.3	2.2	2.0
4. Payable to employees	3.0	8.3	4.9	4.0	1.7	8.1	4.2	5.8	2.5	7.1	3.6	5.1
5. Short-term acrrued expenses	—	0.3	0.2	0.5	0.7	0.1	0.0	0.2	0.0	0.2	0.0	0.2
6. Short-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	0.0	0.9	0.1	0.1	0.1	0.2	0.6	1.6	0.1	0.2	1.1	0.0
9. Other short-term payables	7.0	6.0	8.0	6.3	5.0	2.9	4.6	3.2	5.4	2.7	4.5	3.3
10. Short-term borrowings and financial leases	46.0	45.4	38.8	46.9	44.1	39.2	42.7	48.3	48.0	47.8	45.0	47.0
11. Provision for short-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	2.8	3.4	3.5	3.6	3.7	4.2	4.4	4.6	4.6	5.1	5.2	5.2
13. Price stabilization fund	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	9.8	8.8	7.3	4.3	0.5	0.5	0.6	0.6	0.8	0.8	1.4	1.4
1. Long-term trade payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	0.4	0.5	0.5	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
8. Long-term borrowings and financial leases	9.4	8.3	6.8	4.0	0.2	0.2	0.3	0.3	0.6	0.6	1.1	1.1
9. Convertible bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Fund for technology development	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	130.0	134.2	131.2	125.0	123.4	128.2	127.7	121.3	122.4	132.0	144.3	162.3
I. Owner's equity	130.0	133.5	130.6	124.3	122.7	127.5	127.1	120.6	121.7	131.3	143.6	161.6
1. Owner's capital	170.8	170.8	170.8	170.8	170.8	170.8	170.8	170.8	170.8	170.8	170.8	170.8
- Common stock with voting right	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00	170,817,910,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Convertible bond option	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	0.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	7.5	7.5	7.5	7.5	7.5	7.5	7.5	7.5	7.5	7.5	7.5	7.5
9. Fund to support corporate restructuring	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	-49.0	-44.8	-47.7	-54.0	-55.6	-50.7	-51.2	-57.7	-56.6	-46.9	-34.7	-16.7
- Accumulated retained earning at the end of the previous period	-45.1	-51.4	-51.4	-51.4	-51.4	-53.5	-53.5	-53.5	-53.5	-12.1	-12.1	-12.1
- Undistributed earnings in this period	-3.9	6.7	3.7	-2.5	-4.2	2.8	2.3	-4.2	-3.1	-34.8	-22.6	-4.6
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Financial reserves	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7
1. Subsidized not-for-profit funds	—	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7
2. Funds invested in fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	215.0	221.7	206.8	209.6	186.1	198.7	192.3	195.3	191.2	201.5	213.2	232.5

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Profit Before Tax	—	9.8	—	-3.5	—	0.0	8.3	-8.3	0.0	-41.4	25.1	-25.1
Depreciation of Fixed Assets and Investment Property	—	4.3	—	4.3	—	0.0	-3.3	3.3	0.0	6.4	-3.1	3.1
Provision (Increase)/Reversal	—	-0.6	—	-2.5	—	0.0	-7.0	7.0	0.0	42.5	-18.2	18.2
FX Gain/Loss from Revaluation of Monetary Items	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	—	1.5	—	-0.0	—	0.0	0.3	-0.3	0.0	0.2	0.2	-0.2
Interest Expense	—	1.8	—	1.5	—	0.0	-1.9	1.9	0.0	4.6	-2.4	2.4
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	—	16.9	—	-0.3	—	0.0	-3.6	3.6	0.0	12.2	1.7	-1.7
Increase/(Decrease) in Receivables	—	-4.6	—	6.5	—	0.0	1.3	-1.3	0.0	2.5	-0.4	0.4
Increase/(Decrease) in Inventory	—	0.2	—	-3.2	—	0.0	-1.0	1.0	0.0	0.5	-2.5	2.5
Increase/(Decrease) in Payables (Excl. Interest and CIT)	—	-0.3	—	3.4	—	0.0	-4.5	4.5	0.0	-8.3	-2.6	2.6
Increase/(Decrease) in Prepaid Expenses	—	-0.0	—	0.0	—	0.0	-0.1	0.1	0.0	0.6	-0.2	0.2
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	-2.0	—	-1.1	—	0.0	2.0	-2.0	0.0	-4.6	2.4	-2.4
Corporate Income Tax Paid	-0.4	—	-0.2	—	-0.2	-0.3	-0.8	0.4	-0.4	0.2	-0.2	0.0
Other Operating Receipts	7.1	—	—	—	—	16.3	25.5	-8.9	8.9	-31.6	31.6	-9.4
Other Operating Payments	-25.2	—	-30.1	—	-9.8	-26.9	-36.4	4.1	-4.1	10.0	-10.0	2.9
Net Cash Flow from Operating Activities	-0.6	-23.7	33.9	-5.5	10.8	13.6	41.5	-6.4	12.3	-45.4	46.8	-7.2
Payments for Fixed Assets and Other Long-term Assets	-0.1	-11.8	—	-12.8	—	-0.0	4.5	-4.5	0.0	-5.0	5.0	-5.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	1.6	—	—	—	0.0	-0.2	0.2	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	—	0.0	—	0.0	—	0.0	-0.0	0.0	0.0	0.1	-0.0	0.0
Increase/(Decrease) in Term Deposits	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-0.1	-10.2	—	-12.8	—	-0.0	4.3	-4.3	0.0	-6.0	6.0	-4.9
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Repurchases	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	6.4	59.8	-29.2	38.4	5.1	1.9	-25.3	30.1	0.5	75.8	-35.7	39.2
Repayment of Borrowings	-15.5	-8.7	-19.3	-14.6	-17.3	-14.4	-20.7	-16.0	-14.4	-23.4	-16.5	-26.5
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-9.1	51.1	-48.4	23.8	-12.2	-12.5	-46.0	14.1	-13.8	52.4	-52.2	12.7
Net Cash Flow During the Period	-9.8	4.4	-1.8	5.5	-1.5	1.0	-0.3	3.4	-1.5	1.0	0.6	0.6
Cash and Cash Equivalents at Beginning of Period	13.0	8.6	10.4	4.8	6.3	3.7	3.7	3.7	3.7	7.3	7.3	7.3
FX Difference from Revaluation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	3.2	13.0	8.6	10.4	4.8	6.4	5.4	5.6	2.2	3.7	2.7	2.1

Explore Other Stocks In The Same Sector

GVR, DGC, NTP, RTB, PHR, AAA, APH, PAT, DPR, TRC, CSV, DRG, DRI, BRR, HPP, PRT, NHH, HVT, ADP, HII, VTZ, TNC, SBR, HRC, SIV, PLP, HDA, HSP, PBT, PCH, IRC, VNP, ECO, SFN, HNP, SDN, DMS, DPC, PGN, PCM, DVG, VHG, NSG, KTT, BQP, NHP

Need support? If you need support with content lookup or want to provide feedback about content on the website, please contact us below.

VTQ

What Is Changing

Drivers of VTQ's profit

Financial Highlights

Is the profit sustainable?

What is driving the margin? ▲

Is capital being used efficiently?

Is capital being deployed efficiently? ●

Balance Sheet ●

Working Capital Efficiency ▲

Is financial risk significant?

Leverage & Liquidity ●

Cash Flow ●

Investment Takeaway

Statement Data

What is driving the margin?

Is capital being deployed efficiently?

Balance Sheet

Working Capital Efficiency

Leverage & Liquidity

Cash Flow