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NTB

Công ty Cổ phần Đầu tư Xây dựng và Khai thác Công trình giao thông 584

VietnamReal EstateBất động sảnUPCOMCT
400
VND · Last close
No valuation yet
There is not enough data yet to estimate an intrinsic value for NTB.
Line item202420232022202120202019201820172016201520142013
CURRENT ASSETS (Bn. VND)
·····7437297447197151,6592,641
Cash and cash equivalents (Bn. VND)
·····0.20.30.40.10.020.60.3
Short-term investments (Bn. VND)
·····000001010
Accounts receivable (Bn. VND)
·····7367217377127066971,496
Prepayments to suppliers (Bn. VND)
·····555552575575575573769
Net Inventories
·····777779491,121
Inventories, Net (Bn. VND)
·····777771,2291,322
Other current assets
·····0.70.30.070.073213
Other current assets (Bn. VND)
·····00000011
LONG-TERM ASSETS (Bn. VND)
·····7411,1882,2182,7732,7631,8411,104
Long-term trade receivables (Bn. VND)
·····004901,0531,0531,0531,082
Other long-term receivables (Bn. VND)
·····00490490490490490
Fixed assets (Bn. VND)
·····9101011111315
Tangible fixed assets
·····9101011111315
Long-term investments (Bn. VND)
·····2222317817817817754
Investments in associate companies
·····9999999
Other long-term assets (Bn. VND)
·····2252347847847847732
Less: Provision for diminuation in value of long term investments
·····−12−12−12−12−12−8−8
Other non-current assets
·····000000.063
Long-term prepayments (Bn. VND)
·····000000.060.3
TOTAL ASSETS (Bn. VND)
·····1,4841,9172,9633,4933,4793,4993,745
LIABILITIES (Bn. VND)
·····3,3403,2093,9724,1633,7523,5593,577
Current liabilities (Bn. VND)
·····3,3393,1863,9483,6133,2021,4291,447
Short-term borrowings (Bn. VND)
·····9881,0702,1642,1632,160535449
Advances from customers (Bn. VND)
·····136126102924748270
Long-term liabilities (Bn. VND)
·····0.623235505502,1312,131
Long-term borrowings (Bn. VND)
·····000001,5801,580
OWNER'S EQUITY(Bn.VND)
·····−1,856−1,293−1,009−671−273−60168
Capital and reserves (Bn. VND)
·····−1,856−1,293−1,009−671−273−60168
Paid-in capital (Bn. VND)
·····398398398398398398398
Investment and development funds (Bn. VND)
·····19191919191515
Undistributed earnings (Bn. VND)
·····−2,412−1,849−1,565−1,227−829−616−388
TOTAL RESOURCES (Bn. VND)
·····1,4841,9172,9633,4933,4793,4993,745
Common shares (Bn. VND)
·····398398398398398398398

Earnings Quality

Fiscal year 2019
31
Weak
Accrual Quality
100
Cash Conversion
0
Margin Stability
0
Revenue Quality
0

Financial Forensics

Beneish M-Score · 2015
Remainder
M −2.04 · 50th pctile vs VN companies
YoY ▲ +0.12
Conservative vs VN peersUnusual accounting movement
Compare across the whole market

Ranked vs Vietnamese peers. The −1.78 Beneish cutoff is US-calibrated; ~28% of VN stocks exceed it.

DSRI
2.560
GMI
0.000
AQI
1.515
SGI
0.396
DEPI
1.574
SGAI
0.404
TATA
−0.061
LVGI
1.070

Checks measured on Vietnamese companies · FY2019

Receivables outside the trade cyclePrepayments to suppliers, loans and other long-term receivables / total assets
37.4%97th pctile
Accumulated losses / paid-in capitalUndistributed earnings below zero
6.06×Statutory test met
Consecutive years of net lossProfit after tax of the parent
7Statutory test met
Owner's equityWithout the non-controlling interest
NegativeStatutory test met

Percentiles rank each fiscal year against Vietnamese non-financial companies (0 lowest, 100 highest). Over FY2015-2024, low cash conversion and a large share of receivables outside the trade cycle came before more listing trouble and more net losses the next year.

Statutory loss tests (Decree 155/2020/NĐ-CP, Art. 120(1)(e), amended by Decree 245/2025/NĐ-CP): a HOSE or HNX listing is cancelled when the audited annual statements show net losses in each of the latest 3 years, accumulated losses above the paid-in charter capital, or negative owner's equity. Read here from the annual statements as the data vendor publishes them. The company trades on UPCoM, where these tests do not apply.

Quantitative Scores

F-Score
4/9
Neutral
Sharpe
−1.02
Negative
Piotroski F-Score Breakdown
✗Net Income > 0
✗Operating CF > 0
✗ROA Rising
✓OCF > Net Income
✓Lower Leverage
✗Better Liquidity
✓No Dilution
✗Margin Up
✓Turnover Up
DuPont Decomposition
Tax Burden1.00×Interest Burden3.32×Op. Margin60.27×Turnover0.00×Leverage−0.80=ROE30.3%
Price Risk
Momentum
−42.9%
Volatility
0.0%
Max Drawdown
−42.9%

Key Ratios

Fiscal year 2019
—P/E
P/B
—
P/S
—
ROE
35.8%
ROA
−33.1%
EPS
−14.156
BVPS
0
Gross Margin
0.0%
Net Margin
19999.1%
D/E
—
Current Ratio
0.22
Rev Growth
+69.9%
Profit Growth
−98.5%
EV/EBITDA
—
Div Yield
—

Company Overview

Shares outstanding
—
Charter Capital
—
Sector (ICB L2)
Bất động sản
Industry (ICB L3)
Bất động sản
Sub-industry
Bất động sản
Company Type
CT
Methodology & Disclosure

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