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Vietnam National Seed Group

HOSE:NSC
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NSC
HOSE
₫1,229B
Market Cap
  1. Home
  2. VN
  3. Food, Beverage & Tobacco
Company description

Vietnam National Seed Group Joint Stock Company, together with its subsidiaries, engages in the research, breeding, production, and sale of crop seeds and supporting materials in Vietnam. The last earnings update was 77 days ago. More info.


Add to Portfolio Compare Print
  • Vietnam National Seed Group has significant price volatility in the past 3 months.
NSC Share Price and Events
7 Day Returns
-11.4%
HOSE:NSC
1.8%
VN Food
0.8%
VN Market
1 Year Returns
-17.7%
HOSE:NSC
-32%
VN Food
-27.7%
VN Market
NSC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vietnam National Seed Group (NSC) -11.4% -19.3% -17.6% -17.7% -16.3% -10.6%
VN Food 1.8% -9.1% -17.1% -32% -16.4% 16%
VN Market 0.8% -20.6% -25.4% -27.7% 2.8% 39.2%
1 Year Return vs Industry and Market
  • NSC outperformed the Food industry which returned -32% over the past year.
  • NSC outperformed the Market in Viet Nam which returned -27.7% over the past year.
Price Volatility
NSC
Industry
5yr Volatility vs Market

Value

 Is Vietnam National Seed Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Vietnam National Seed Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vietnam National Seed Group.

HOSE:NSC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year VN Government Bond Rate 3.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HOSE:NSC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year VN Govt Bond Rate 3.7%
Equity Risk Premium S&P Global 9.3%
Food Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.569 (1 + (1- 20%) (19.76%))
0.771
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.71% + (0.8 * 9.33%)
11.17%

Discounted Cash Flow Calculation for HOSE:NSC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vietnam National Seed Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

HOSE:NSC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (VND, Millions) Source Present Value
Discounted (@ 11.17%)
2020 129,543.55 Est @ 0.88% 116,523.24
2021 131,787.04 Est @ 1.73% 106,626.76
2022 134,851.46 Est @ 2.33% 98,139.98
2023 138,547.34 Est @ 2.74% 90,695.40
2024 142,747.39 Est @ 3.03% 84,052.77
2025 147,365.33 Est @ 3.24% 78,050.54
2026 152,342.64 Est @ 3.38% 72,576.97
2027 157,640.00 Est @ 3.48% 67,552.37
2028 163,231.64 Est @ 3.55% 62,918.05
2029 169,101.38 Est @ 3.6% 58,629.32
Present value of next 10 years cash flows ₫835,765.00
HOSE:NSC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₫169,101.38 × (1 + 3.71%) ÷ (11.17% – 3.71%)
₫2,349,612.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₫2,349,612.09 ÷ (1 + 11.17%)10
₫814,636.47
HOSE:NSC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₫835,765.00 + ₫814,636.47
₫1,650,401.47
Equity Value per Share
(VND)
= Total value / Shares Outstanding
= ₫1,650,401.47 / 17.56
₫93975.48
HOSE:NSC Discount to Share Price
Calculation Result
Value per share (VND) From above. ₫93,975.48
Current discount Discount to share price of ₫70,000.00
= -1 x (₫70,000.00 - ₫93,975.48) / ₫93,975.48
25.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Vietnam National Seed Group is available for.
Intrinsic value
26%
Share price is ₫70000 vs Future cash flow value of ₫93975.48
Current Discount Checks
For Vietnam National Seed Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vietnam National Seed Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Vietnam National Seed Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vietnam National Seed Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vietnam National Seed Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HOSE:NSC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in VND ₫11,488.23
HOSE:NSC Share Price ** HOSE (2020-04-06) in VND ₫70000
Viet Nam Food Industry PE Ratio Median Figure of 33 Publicly-Listed Food Companies 8.97x
Viet Nam Market PE Ratio Median Figure of 386 Publicly-Listed Companies 7.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vietnam National Seed Group.

HOSE:NSC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HOSE:NSC Share Price ÷ EPS (both in VND)

= 70000 ÷ 11,488.23

6.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vietnam National Seed Group is good value based on earnings compared to the VN Food industry average.
  • Vietnam National Seed Group is good value based on earnings compared to the Viet Nam market.
Price based on expected Growth
Does Vietnam National Seed Group's expected growth come at a high price?
Raw Data
HOSE:NSC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Food Industry PEG Ratio Median Figure of 239 Publicly-Listed Food Companies 1.35x
Viet Nam Market PEG Ratio Median Figure of 56 Publicly-Listed Companies 0.5x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Vietnam National Seed Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vietnam National Seed Group's assets?
Raw Data
HOSE:NSC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in VND ₫59,952.60
HOSE:NSC Share Price * HOSE (2020-04-06) in VND ₫70000
Viet Nam Food Industry PB Ratio Median Figure of 36 Publicly-Listed Food Companies 1.04x
Viet Nam Market PB Ratio Median Figure of 405 Publicly-Listed Companies 0.87x
HOSE:NSC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HOSE:NSC Share Price ÷ Book Value per Share (both in VND)

= 70000 ÷ 59,952.60

1.17x

* Primary Listing of Vietnam National Seed Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vietnam National Seed Group is overvalued based on assets compared to the VN Food industry average.
X
Value checks
We assess Vietnam National Seed Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Vietnam National Seed Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Vietnam National Seed Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Vietnam National Seed Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.6%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vietnam National Seed Group expected to grow at an attractive rate?
  • Unable to compare Vietnam National Seed Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Vietnam National Seed Group's earnings growth to the Viet Nam market average as no estimate data is available.
  • Unable to compare Vietnam National Seed Group's revenue growth to the Viet Nam market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
HOSE:NSC Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Food Industry Earnings Growth Rate Market Cap Weighted Average 16.6%
Asia Food Industry Revenue Growth Rate Market Cap Weighted Average 11%
Viet Nam Market Earnings Growth Rate Market Cap Weighted Average 15.7%
Viet Nam Market Revenue Growth Rate Market Cap Weighted Average 18%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HOSE:NSC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in VND Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HOSE:NSC Future Estimates Data
Date (Data in VND Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
HOSE:NSC Past Financials Data
Date (Data in VND Millions) Revenue Cash Flow Net Income *
2019-12-31 1,518,452 250,720 201,900
2019-09-30 1,520,025 348,155 222,334
2019-06-30 1,565,241 172,696 236,490
2019-03-31 1,582,629 145,826 242,845
2018-12-31 1,605,380 340,594 238,798
2018-09-30 1,591,033 218,729 204,481
2018-06-30 1,616,202 266,335 210,861
2018-03-31 1,547,444 344,707 187,927
2017-12-31 1,512,603 251,271 187,335
2017-09-30 1,415,118 217,474 178,786
2017-06-30 1,390,084 199,938 172,582
2017-03-31 1,360,562 222,211 162,276

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Vietnam National Seed Group is high growth as no earnings estimate data is available.
  • Unable to determine if Vietnam National Seed Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HOSE:NSC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Vietnam National Seed Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HOSE:NSC Future Estimates Data
Date (Data in VND Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
HOSE:NSC Past Financials Data
Date (Data in VND Millions) EPS *
2019-12-31 11,488.23
2019-09-30 12,651.13
2019-06-30 13,452.21
2019-03-31 13,815.88
2018-12-31 13,587.73
2018-09-30 11,635.64
2018-06-30 11,997.12
2018-03-31 10,693.15
2017-12-31 10,659.50
2017-09-30 10,171.95
2017-06-30 9,819.94
2017-03-31 9,232.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Vietnam National Seed Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Vietnam National Seed Group is trading at Vietnam National Seed Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Vietnam National Seed Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Vietnam National Seed Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vietnam National Seed Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Vietnam National Seed Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vietnam National Seed Group's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Vietnam National Seed Group's year on year earnings growth rate has been positive over the past 5 years.
  • Vietnam National Seed Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Vietnam National Seed Group's 1-year earnings growth is negative, it can't be compared to the VN Food industry average.
Earnings and Revenue History
Vietnam National Seed Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vietnam National Seed Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HOSE:NSC Past Revenue, Cash Flow and Net Income Data
Date (Data in VND Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,518,452.02 201,900.14 293,440.90
2019-09-30 1,520,024.98 222,333.79 276,933.81
2019-06-30 1,565,240.69 236,489.68 282,293.92
2019-03-31 1,582,628.57 242,845.21 281,879.09
2018-12-31 1,605,380.01 238,797.75 280,137.34
2018-09-30 1,591,033.07 204,480.74 309,673.81
2018-06-30 1,616,202.07 210,860.84 314,540.71
2018-03-31 1,547,444.22 187,926.94 312,448.85
2017-12-31 1,512,602.72 187,335.48 301,766.49
2017-09-30 1,415,118.44 178,786.48 287,886.10
2017-06-30 1,390,084.04 172,581.61 279,248.89
2017-03-31 1,360,562.37 162,276.34 272,592.22
2016-12-31 1,330,783.18 157,685.30 274,326.28
2016-09-30 1,321,537.60 131,945.10 281,064.32
2016-06-30 1,279,587.46 131,559.32 277,068.27
2016-03-31 1,364,434.54 132,053.71 293,097.47
2016-01-01 1,248,622.86 124,244.45 265,965.66
2015-09-30 1,061,510.34 126,625.28 201,751.92
2015-06-30 980,891.31 115,596.43 181,236.82
2015-03-31 727,793.41 116,246.07 131,154.10
2014-12-31 712,908.53 108,185.77 129,118.06
2014-09-30 660,679.11 100,233.56 134,102.25
2014-06-30 670,745.14 103,635.94 142,009.15
2014-03-31 635,174.50 93,732.14 149,246.99
2013-12-31 597,814.36 95,460.23 143,404.08
2013-09-30 568,190.16 91,115.14 136,211.79
2013-06-30 556,245.38 84,279.79 130,547.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Vietnam National Seed Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vietnam National Seed Group used its assets more efficiently than the VN Food industry average last year based on Return on Assets.
  • Vietnam National Seed Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vietnam National Seed Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vietnam National Seed Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Vietnam National Seed Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vietnam National Seed Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vietnam National Seed Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vietnam National Seed Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vietnam National Seed Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vietnam National Seed Group Company Filings, last reported 3 months ago.

HOSE:NSC Past Debt and Equity Data
Date (Data in VND Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,128,579.74 241,793.39 312,257.38
2019-09-30 1,065,504.04 199,784.17 150,828.85
2019-06-30 1,054,666.68 275,237.07 164,281.36
2019-03-31 1,070,064.22 187,781.42 183,861.35
2018-12-31 1,052,594.05 159,017.40 287,720.08
2018-09-30 966,017.44 210,362.97 87,375.99
2018-06-30 948,411.54 277,196.40 176,144.58
2018-03-31 1,088,107.06 85,101.29 206,255.39
2017-12-31 1,059,271.39 144,197.81 201,669.98
2017-09-30 1,176,829.65 101,217.07 176,472.97
2017-06-30 1,135,725.66 117,284.07 184,206.34
2017-03-31 1,124,795.98 172,950.71 205,239.26
2016-12-31 1,085,675.66 130,988.24 178,726.44
2016-09-30 1,055,306.80 129,567.77 80,424.25
2016-06-30 1,021,527.12 158,119.56 136,977.04
2016-03-31 1,042,177.58 255,964.19 174,879.93
2016-01-01 1,002,650.82 275,124.40 71,117.49
2015-09-30 984,324.07 280,499.23 68,240.22
2015-06-30 949,328.39 285,714.21 92,099.50
2015-03-31 757,661.16 137,885.60 227,182.74
2014-12-31 750,671.26 25,424.00 101,409.87
2014-09-30 716,417.78 7,773.95 158,031.91
2014-06-30 692,368.91 5,950.00 135,016.90
2014-03-31 353,733.23 35.59 84,092.57
2013-12-31 327,204.02 0.00 54,122.28
2013-09-30 308,221.23 93.49 87,157.21
2013-06-30 299,563.85 93.49 108,658.01
  • Vietnam National Seed Group's level of debt (21.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.6% vs 21.4% today).
  • Debt is well covered by operating cash flow (103.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 52.6x coverage).
X
Financial health checks
We assess Vietnam National Seed Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vietnam National Seed Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Vietnam National Seed Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.29%
Current annual income from Vietnam National Seed Group dividends.
If you bought ₫2,000 of Vietnam National Seed Group shares you are expected to receive ₫86 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Vietnam National Seed Group's pays a lower dividend yield than the bottom 25% of dividend payers in Viet Nam (5.44%).
  • Vietnam National Seed Group's dividend is below the markets top 25% of dividend payers in Viet Nam (14.04%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HOSE:NSC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Viet Nam Food Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 5.4%
Viet Nam Market Average Dividend Yield Market Cap Weighted Average of 242 Stocks 4.9%
Viet Nam Minimum Threshold Dividend Yield 10th Percentile 3.7%
Viet Nam Bottom 25% Dividend Yield 25th Percentile 5.4%
Viet Nam Top 25% Dividend Yield 75th Percentile 14%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HOSE:NSC Future Dividends Estimate Data
Date (Data in ₫) Dividend per Share (annual) Avg. No. Analysts
HOSE:NSC Past Annualized Dividends Data
Date (Data in ₫) Dividend per share (annual) Avg. Yield (%)
2020-01-20 3,000.000 3.630
2019-10-24 3,000.000 3.523
2019-07-18 3,000.000 3.515
2019-04-18 3,000.000 3.311
2019-01-18 3,000.000 3.274
2018-04-05 2,608.696 2.702
2018-01-19 2,608.696 2.693
2017-10-20 2,608.696 2.730
2017-07-19 2,608.696 2.519
2016-12-22 3,043.478 3.484
2016-04-20 2,608.696 3.098
2016-03-17 2,608.696 3.139
2016-02-04 2,608.696 3.140
2015-04-20 2,608.696 3.093
2015-02-24 2,608.696 3.690
2014-11-05 2,608.696 3.857
2014-11-04 2,608.696 3.750
2014-04-11 2,608.696 3.876
2013-07-19 2,608.696 3.769
2011-11-02 2,898.551 8.858
2011-09-01 2,898.551 12.455
2011-03-25 1,784.825 7.625
2011-03-11 2,141.790 8.522
2010-07-13 1,427.860 5.662

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Vietnam National Seed Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Vietnam National Seed Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 3.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vietnam National Seed Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vietnam National Seed Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Vietnam National Seed Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lien Tran
COMPENSATION ₫0
TENURE AS CEO 16.3 years
CEO Bio

Ms. Tran Kim Lien has been the Chairwoman and Chief Executive Officer at Vietnam National Seed Group Joint Stock Company since 2004 and also a Member of Executive Board. Ms. Lien served as Vice-Director at National Seed Joint Stock Company from 2000 to 2004. She served as Vice-Director of IMP-EXP and Materials Company – Vietnam Fruit and Vegetable Corporation Ltd., since 1998 to 2000; Dong Giao Food Exportation Company since 1997 to 1998; and Dong Giao Agricultural and Industrial Enterprise 1996 to 1997. She holds a Bachelor of Economics and a Bachelor of Laws.

CEO Compensation
  • Insufficient data for Lien to compare compensation growth.
  • Insufficient data for Lien to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Lien Tran

TITLE
Chairwoman
TENURE
16.3 yrs

Vong Do

TITLE
Deputy CEO

Tho Nguyen

TITLE
Deputy CEO & Member of Executive Board
COMPENSATION
₫200M

Phan Ty

TITLE
Chief Secretary & Chief Accountant

Sau Duong

TITLE
Deputy Chief Executive Officer
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure of the Vietnam National Seed Group board of directors in years:

12.3
Average Tenure
  • The average tenure for the Vietnam National Seed Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Lien Tran

TITLE
Chairwoman
TENURE
16.3 yrs

Hang Thi Le

TITLE
Vice Chairwoman
TENURE
8.1 yrs

Vong Do

TITLE
Deputy CEO
TENURE
16.3 yrs

Long Tran

TITLE
Director
TENURE
16.3 yrs

My Thi Nguyen

TITLE
Director
TENURE
7.1 yrs

Do Sy

TITLE
Member of the Board of Supervisor
TENURE
8.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₫) Value (₫)
X
Management checks
We assess Vietnam National Seed Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vietnam National Seed Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Vietnam National Seed Group Joint Stock Company, together with its subsidiaries, engages in the research, breeding, production, and sale of crop seeds and supporting materials in Vietnam. It offers crop seeds, such as rice, corn, and vegetable seeds; organic farm products, including organic rice and fresh vegetables, as well as farm produce for functional foods; and bio-preparations and micro organic fertilizers, as well as various agricultural services. The company also provides warehousing services; and trades in agriculture and forestry products, materials and living animals, and agricultural supplies. Vietnam National Seed Group Joint Stock Company also exports its tropical hybrid vegetable seeds to the South China market. The company was founded in 1968 and is headquartered in Hanoi, Vietnam. Vietnam National Seed Group Joint Stock Company operates as a subsidiary of The Pan Group Joint Stock Company.

Details
Name: Vietnam National Seed Group Joint Stock Company
NSC
Exchange: HOSE
Founded: 1968
₫1,229,343,080,000
17,562,044
Website: http://www.vinaseed.com.vn
Address: Vietnam National Seed Group Joint Stock Company
No.1 Luong Dinh Cua Street,
Phuong Mai Ward,
Hanoi,
Vietnam
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HOSE NSC Ordinary Shares Ho Chi Minh Stock Exchange VN VND 18. Jan 2007
Number of employees
Current staff
Staff numbers
0
Vietnam National Seed Group employees.
Industry
Agricultural Products
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 16:05
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2018/01/19
Last earnings filing: 2020/01/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.