GEE.VN Gelex Electricity JSC
- Market cap
- VND 42.9T
- P/E
- 12.2x
- P/B
- 5.45x
- ROE
- 31.9%
- Dividend yield
- 5.00%
- Fundamental score
- 2.7/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is GEE.VN undervalued?
Graham numberGEE.VN trades 71.6% above 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?
Gelex Electricity JSC fundamental analysis
12 of 22 checks passedROE 2/2
High return on equity (31.9%), above 20%.
ROA 1/1
Return on assets (13.1%) is above the industry median (4.2%).
Profit Consistency 1/2
Profitable for 4 consecutive years.
Earnings Growth 5Y 0/1
Earnings per share history is shorter than 5 years.
Earnings Acceleration 0/1
Not enough positive earnings history to compare last year's growth with the 5-year average.
Earnings Growth vs Industry 1/1
Last year's EPS growth (101.7%) is above the industry median (4.9%).
Revenue Growth 2/2
Revenue grew 15.2% 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 2/2
Low debt to equity (10.5%), 40% or less.
Debt Trend 0/1
Debt to equity history is shorter than 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 1/1
EBIT is 7.2x against interest expense, well covered.
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 (20.1x).
PBV 0/1
Price to book (5.5x) is above the industry median (2.5x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 67.6, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 1/2
Dividend yield (5.0%) is above 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 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 65.8%, 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
Gelex Electricity JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Gelex Electricity JSC
Gelex Electricity Joint Stock Company manufactures and trades in electrical equipment in Vietnam. It offers electrical wires and cables, transmission transformers, distribution transformers, 3-phase 4- wire electronic meters, medium voltage transformers, electric motors, and distribution capacitors; water meters, solar power cables, and repair services. The company operates under the CADIVI, THIBIDI, HEM, EMIC, and CFT brands. It exports its products. The company was incorpo…
Full company profileGelex Electricity JSC 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.
Gelex Electricity JSC annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 16.7T | 16.6T | 21.1T | 25.5T | 33.2T |
| Gross Profit | 2.11T | 2.03T | 3.06T | 4.11T | 4.76T |
| Operating Income | 1.36T | 1.28T | 2.21T | 2.91T | 3.63T |
| EBITDA | 2.67T | 2.30T | 3.04T | 4.98T | 4.24T |
| Net Income | 880B | 745B | 1.59T | 3.26T | 2.57T |
| EPS | 2,935 | 2,485 | 2,521 | 5,086 | 4,011 |
| Balance Sheet | |||||
| Total Assets | 17.4T | 13.7T | 12.9T | 16.3T | 19.6T |
| Total Liabilities | 11.4T | 7.77T | 5.95T | 7.95T | 11.1T |
| Shareholders' Equity | 5.29T | 5.43T | 6.40T | 8.03T | 8.05T |
| Cash & Short-term Investments | 710B | 1.13T | 692B | 1.21T | 656B |
| Cash Flow | |||||
| Operating Cash Flow | 1.65T | 2.32T | 535B | -476B | -1.49T |
| Capital Expenditure | 304B | 240B | 149B | 263B | 287B |
| Free Cash Flow | 1.34T | 2.08T | 386B | -738B | -1.78T |
| Ratios | |||||
| ROE | 16.6% | 13.7% | 24.8% | 40.6% | 31.9% |
| ROA | 5.1% | 5.4% | 12.3% | 19.9% | 13.1% |
| Net Profit Margin | 5.3% | 4.5% | 7.5% | 12.8% | 7.7% |
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.
Gelex Electricity JSC dividends
- Dividend yield
- 5.00%
- Forward dividend
- 2,428.57 VND
- Payout ratio
- 65.8%
- Ex-dividend date
- Sep 17, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 2.14T | 3,348 | 65.8% |
| 2024 | VND 375B | 595 | 23.6% |
| 2023 | VND 748B | 2,493 | 100.4% |
| 2022 | VND 887B | 2,957 | 100.7% |
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: 7:4 on May 5, 2026.
Who owns Gelex Electricity JSC
- Insiders 81.54%
- Institutions 0.43%
- Public & others 18.04%
- Shares outstanding 640M
- Free float 118M
Gelex Electricity JSC company profile
- Company name
- Gelex Electricity JSC
- Ticker
- GEE.VN
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Employees
- 2,071
- Fiscal year end
- December
- Address
- No. 52 Le Dai Hanh Street, Hanoi, Vietnam
- Phone
- 84 2473 012 344
- Website
- gelex-electric.com
About Gelex Electricity JSC
Gelex Electricity Joint Stock Company manufactures and trades in electrical equipment in Vietnam. It offers electrical wires and cables, transmission transformers, distribution transformers, 3-phase 4- wire electronic meters, medium voltage transformers, electric motors, and distribution capacitors; water meters, solar power cables, and repair services. The company operates under the CADIVI, THIBIDI, HEM, EMIC, and CFT brands. It exports its products. The company was incorporated in 2016 and is headquartered in Hanoi, Vietnam. Gelex Electricity Joint Stock Company is a subsidiary of GELEX Group Joint Stock Company.
Gelex Electricity JSC management
3- Mr. Trung Trong NguyenGeneral Director, CEO & Director · born 1982
- Ms. Ha Viet LeExecutive Officer & Member of Board of Executive Officers
- Mr. Nga Thi NguyenChief Accountant