ASM.VN Sao Mai Group Corp
- Market cap
- VND 1.87T
- P/E
- 12.3x
- P/B
- 0.33x
- ROE
- 4.9%
- Dividend yield
- 0.29%
- Fundamental score
- 1.6/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is ASM.VN undervalued?
Graham numberASM.VN trades 57.2% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Sao Mai Group Corp fundamental analysis
8 of 22 checks passedROE 0/2
Low return on equity (4.9%), below 10%.
ROA 0/1
Return on assets (1.2%) is below the industry median (1.2%).
Profit Consistency 2/2
Profitable for 7 consecutive years.
Earnings Growth 5Y 0/1
Earnings per share did not grow over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (-81.0%) is not above the 5-year average (-42.0% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (-81.0%) is below the industry median (33.4%).
Revenue Growth 0/2
Revenue shrank 6.3% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 0/2
Debt to equity cannot be calculated: debt is not reported or equity is negative.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Debt is not reported.
Interest Coverage 0/1
EBIT is 1.6x against interest expense, below 5x.
PE vs Market 0/1
PE (12.3x) is above the market median (11.2x).
PE vs Industry 1/1
PE (12.3x) is below the industry median (39.4x).
PBV 1/1
Price to book (0.3x) is below the industry median (1.0x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 4.1, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 0/2
Dividend yield (0.3%) is in the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 14.2%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Sao Mai Group Corp stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Sao Mai Group Corp
Sao Mai Group Corporation engages in the real estate, energy, human resources, aquaculture, construction, trade, and services businesses in Vietnam. The company involved in monetary intermediary activities; airline ticket agency; electricity transmission and distribution; hospitals and medical stations activities; wholesale of other household appliances; sauna, massage, spa, and similar health enhancing services; buying and selling souvenirs for tourists; production of paint…
Full company profileSao Mai Group Corp financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Sao Mai Group Corp annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 14.2T | 12.5T | 11.4T | 13.7T | 12.0T | 12.0T | 11.3T | 11.4T |
| Gross Profit | 1.37T | 1.35T | 1.30T | 1.95T | 1.34T | 1.38T | 1.37T | 1.67T |
| Operating Income | 881B | 924B | 871B | 1.32T | 857B | 824B | 771B | 1.10T |
| EBITDA | 1.34T | 1.44T | 1.65T | 1.95T | 1.51T | 1.42T | 1.38T | 1.85T |
| Net Income | 637B | 475B | 600B | 628B | 195B | 181B | 37.7B | 275B |
| EPS | 1,893 | 1,413 | 1,784 | 1,867 | 580 | 489 | 93 | 676 |
| Balance Sheet | ||||||||
| Total Assets | 15.6T | 17.6T | 18.2T | 19.1T | 20.3T | 22.9T | 23.5T | 23.7T |
| Total Liabilities | 9.29T | 10.7T | 10.6T | 11.2T | 12.5T | 14.8T | 15.3T | 15.3T |
| Shareholders' Equity | 4.03T | 4.50T | 5.10T | 5.22T | 5.23T | 5.43T | 5.47T | 5.60T |
| Cash & Short-term Investments | 823B | 783B | 586B | 848B | 1.37T | 2.07T | 712B | 542B |
| Cash Flow | ||||||||
| Operating Cash Flow | 763B | 144B | 1.09T | -340B | -207B | -969B | -329B | -203B |
| Capital Expenditure | 2.95T | 2.16T | 610B | 1.48T | 493B | 254B | 428B | 966B |
| Free Cash Flow | -2.18T | -2.01T | 477B | -1.82T | -700B | -1.22T | -757B | -1.17T |
| Ratios | ||||||||
| ROE | 15.8% | 10.6% | 11.8% | 12.0% | 3.7% | 3.3% | 0.7% | 4.9% |
| ROA | 4.1% | 2.7% | 3.3% | 3.3% | 1.0% | 0.8% | 0.2% | 1.2% |
| Net Profit Margin | 4.5% | 3.8% | 5.3% | 4.6% | 1.6% | 1.5% | 0.3% | 2.4% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Sao Mai Group Corp dividends
- Dividend yield
- 0.29%
- Forward dividend
- -
- Payout ratio
- 14.2%
- Ex-dividend date
- Oct 7, 2022
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 5.37B | 13 | 14.2% |
| 2024 | VND 27.9B | 75 | 15.4% |
| 2023 | VND 711B | 2,114 | 364.8% |
| 2022 | VND 637B | 1,894 | 101.4% |
| 2021 | VND 79.0M | 0.23 | 0.0% |
| 2020 | VND 79.0M | 0.23 | 0.0% |
| 2019 | VND 297B | 883 | 46.6% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 110:100 on Oct 7, 2025.
Who owns Sao Mai Group Corp
- Insiders 46.68%
- Institutions 11.10%
- Public & others 42.21%
- Shares outstanding 407M
- Free float 212M
Sao Mai Group Corp company profile
- Company name
- Sao Mai Group Corp
- Ticker
- ASM.VN
- ISIN
- VN000000ASM1
- Exchange
- Vietnam Stocks
- Sector
- Real Estate
- Industry
- Real Estate Services
- Employees
- 481
- Fiscal year end
- December
- Address
- No. 326, Long Xuyen, Vietnam
- Phone
- 84 29 6384 0138
- Website
- saomaigroup.com/vn
About Sao Mai Group Corp
Sao Mai Group Corporation engages in the real estate, energy, human resources, aquaculture, construction, trade, and services businesses in Vietnam. The company involved in monetary intermediary activities; airline ticket agency; electricity transmission and distribution; hospitals and medical stations activities; wholesale of other household appliances; sauna, massage, spa, and similar health enhancing services; buying and selling souvenirs for tourists; production of paints, varnishes and similar paints and coatings; production of printing ink and mastics; manufacture of refractory products; and production of animal and vegetable oils and fats. It offers construction of residential and non-residential houses; milling and producing raw flour; production of starch and products from starch; vocational training; and construction of mining projects services. In addition, the company engages in the wholesale of agricultural and forestry raw materials and live animals; consulting, brokerage, real estate auction, land use rights auction activities; construction of processing and manufacturing works; road construction detail; construction of transportation works; wholesale of cars and other motor vehicles; construction of veterinary, irrigation, underground structures, and water supply and drainage pipelines works; installation of water supply and drainage systems, heating and air conditioning systems; and wholesale of materials and other installation equipment. Further, the company buys and sells fish and seafood; and offers short-term accommodation services, inland aquaculture, seafood processing, and ground leveling services. Additionally, it involved in mining stone, sand, gravel, and clay; nursing home business; restaurants and catering services; installation of other construction systems; wholesale of beverages; and other entertainment activities. The company was founded in 1988 and is based in Long Xuyen, Vietnam.
Sao Mai Group Corp management
10- Mr. Thanh Van LeDeputy GM, Member of Management Board & Chairman of the Board · born 1967
- Mr. Anh Tuan LeCEO & Member of Management Board
- Mr. Hung Van NguyenDeputy Chairman, Deputy GM & Member of Management Board · born 1954
- Mr. Khánh Công TruongCFO & Member of Management Board · born 1989
- Ms. Phuong Thi LeDeputy GM & Member of Management Board · born 1980
- Mr. Que Xuan LeDeputy GM & Member of Management Board · born 1968
- Mr. Thanh Vinh TruongDeputy GM & Member of Management Board · born 1977
- Mr. Duy Le Hoang Anh NguyenDeputy General Director & Member of Management Board
- Ms. Ngan Thi To NgoChief Accountant
- Mr. Chung Van LeDeputy GM & Member of Management Board · born 1964