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SSN

Công ty Cổ phần Xuất nhập khẩu Thủy sản Sài Gòn

VietnamConsumerThực phẩm và đồ uốngSản xuất thực phẩmUPCOMCT
1.500
VND · Last close
No valuation yet
There is not enough data yet to estimate an intrinsic value for SSN.
Line item20262025202420232022202120202019201820172016201520142013
CURRENT ASSETS (Bn. VND)
·····7957901,1003421,0851,069442106122
Cash and cash equivalents (Bn. VND)
·····0.40.60.920.9380.6153
Short-term investments (Bn. VND)
·····0000003008414
Accounts receivable (Bn. VND)
·····7907831,0993401,0841,0301401849
Prepayments to suppliers (Bn. VND)
·····4453331024040
Net Inventories
·····3400000895,4183
Inventories, Net (Bn. VND)
·····3400000895,4183
Other current assets
·····120.10.70.710.933
Other current assets (Bn. VND)
·····000000033
LONG-TERM ASSETS (Bn. VND)
·····289297567895954312645
Long-term trade receivables (Bn. VND)
·····235235073109202025
Other long-term receivables (Bn. VND)
·····0.50.50.57310.50.50.50.50.5
Fixed assets (Bn. VND)
·····56891133518
Tangible fixed assets
·····56891133418
Intagible fixed assets
·····000000000.08
Long-term investments (Bn. VND)
·····281.01.01.00.70.90.90.9
Other long-term assets (Bn. VND)
·····5125555555
Less: Provision for diminuation in value of long term investments
·····−3−4−4−4−4−4−4−4−4
Other non-current assets
·····1919191919200.000.41
Long-term prepayments (Bn. VND)
·····1919191919200.000.031
TOTAL ASSETS (Bn. VND)
·····1,0841,0861,1561,1301,1441,124473132168
LIABILITIES (Bn. VND)
·····6326357056796626669870106
Current liabilities (Bn. VND)
·····6326347026746576659869106
Short-term borrowings (Bn. VND)
·····0.071112032452
Advances from customers (Bn. VND)
·····2427695287970.20.060.03
Long-term liabilities (Bn. VND)
·····00.92550.30.30.30.3
Long-term borrowings (Bn. VND)
·····00.92350.30.30.30.3
OWNER'S EQUITY(Bn.VND)
·····4524524524524824583756361
Capital and reserves (Bn. VND)
·····4524524524524824583756361
Paid-in capital (Bn. VND)
·····3963963963963963963969696
Investment and development funds (Bn. VND)
·····0.90.90.90.90.90.90.90.50.5
Undistributed earnings (Bn. VND)
·····555555558561−22−34−35
TOTAL RESOURCES (Bn. VND)
·····1,0841,0861,1561,1301,1441,124473132168
Short-term loans receivables (Bn. VND)
·····002372382432779300
Long-term loans receivables (Bn. VND)
·····2352350000000
Common shares (Bn. VND)
·····3963963963963963963969696

Earnings Quality

Fiscal year 2021
25
Poor
Accrual Quality
99
Cash Conversion
0
Receivables
0
Margin Stability
0
Revenue Quality
0

Financial Forensics

Beneish M-Score · 2021
Remainder
M −1.95 · 66th pctile vs VN companies
YoY ▼ −3.04
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
2.529
GMI
0.713
AQI
0.980
SGI
0.399
DEPI
0.812
SGAI
2.017
TATA
0.003
LVGI
0.998

Checks measured on Vietnamese companies · FY2021

Cash conversion, 3 yearsOperating cash flow / net profit
−85.620th pctile
Receivables outside the trade cyclePrepayments to suppliers, loans and other long-term receivables / total assets
22.1%92nd pctile
Accumulated losses / paid-in capitalUndistributed earnings below zero
None
Consecutive years of net lossProfit after tax of the parent
0
Owner's equityWithout the non-controlling interest
Positive

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
6/9
Neutral
Z-Score
0.84
Distress Zone
Sharpe
−0.24
Negative
Composite
11
Below 30
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 Burden0.30×Interest Burden0.14×Op. Margin0.10×Turnover0.01×Leverage2.40=ROE0.0%
Price Risk
Momentum
−31.3%
Volatility
88.5%
Max Drawdown
−41.2%

Key Ratios

Fiscal year 2025
—P/E
P/B
—
P/S
—
ROE
0.0%
ROA
0.0%
Gross Margin
0.0%
Net Margin
0.0%
D/E
—
Current Ratio
0.00
EV/EBITDA
—
Div Yield
—

Company Overview

Shares outstanding
39.6M
Charter Capital
396B VND
Sector (ICB L2)
Thực phẩm và đồ uống
Industry (ICB L3)
Sản xuất thực phẩm
Sub-industry
Nuôi trồng nông & hải sản
Company Type
CT
Methodology & Disclosure

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