REE.VN Refrigeration Electrical Engineering Corp
- Market cap
- VND 28.3T
- P/E
- 10.7x
- P/B
- 1.33x
- ROE
- 12.4%
- Dividend yield
- 1.66%
- Fundamental score
- 3.0/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is REE.VN undervalued?
Graham numberREE.VN trades 20.5% 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?
Refrigeration Electrical Engineering Corp fundamental analysis
16 of 22 checks passedROE 1/2
Moderate return on equity (12.4%), between 10% and 20%.
ROA 1/1
Return on assets (6.5%) is above the industry median (3.0%).
Profit Consistency 2/2
Profitable for 7 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (45.9%) is above the 5-year average (9.2% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (45.9%) is below the industry median (46.0%).
Revenue Growth 1/2
Revenue grew 2.2% 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 1/2
Moderate debt to equity (41.1%), up to 100%.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 6.2x against interest expense, well covered.
PE vs Market 1/1
PE (10.7x) is below the market median (11.2x).
PE vs Industry 1/1
PE (10.7x) is below the industry median (11.8x).
PBV 0/1
Price to book (1.3x) is above the industry median (1.0x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 14.2, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 1.17, above 1.
Dividend Yield 1/2
Dividend yield (1.7%) 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 18.6%, 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
Refrigeration Electrical Engineering Corp stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Refrigeration Electrical Engineering Corp
Refrigeration Electrical Engineering Corporation, together with its subsidiaries, produces, transmits, and distributes renewable electricity using hydro, solar, and wind power in Vietnam. It operates through Mechanical and Refrigeration Electrical Engineering; Real Estate and Office Leasing; Power; and Water segments. The company offers mechanical and electrical engineering services (M&E), manufacturing, assembling, and sales of air-conditioner systems, and real estate devel…
Full company profileRefrigeration Electrical Engineering 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.
Refrigeration Electrical Engineering 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 | 4.89T | 5.64T | 5.81T | 9.37T | 8.57T | 8.38T | 10.0T | 9.79T |
| Gross Profit | 1.25T | 1.61T | 2.31T | 4.33T | 3.71T | 3.12T | 3.78T | 3.93T |
| Operating Income | 982B | 1.24T | 1.86T | 3.66T | 3.02T | 2.50T | 3.07T | 3.29T |
| EBITDA | 2.52T | 2.67T | 3.97T | 5.99T | 5.26T | 4.73T | 5.60T | 6.80T |
| Net Income | 1.64T | 1.63T | 1.86T | 2.69T | 2.19T | 1.99T | 2.53T | 2.69T |
| EPS | 3,022 | 3,012 | 3,432 | 5,729 | 3,521 | 3,200 | 4,669 | 4,322 |
| Balance Sheet | ||||||||
| Total Assets | 19.6T | 20.5T | 31.8T | 33.9T | 34.9T | 36.4T | 40.1T | 41.2T |
| Total Liabilities | 8.52T | 8.32T | 15.5T | 14.7T | 14.1T | 13.9T | 15.3T | 15.5T |
| Shareholders' Equity | 10.4T | 11.5T | 13.3T | 15.5T | 17.3T | 18.9T | 20.9T | 21.7T |
| Cash & Short-term Investments | 1.54T | 652B | 1.83T | 1.15T | 3.02T | 5.64T | 3.05T | 3.33T |
| Cash Flow | ||||||||
| Operating Cash Flow | 319B | 613B | 1.52T | 1.57T | 2.82T | 3.78T | 2.71T | 7.13T |
| Capital Expenditure | 295B | 1.39T | 3.91T | 738B | 873B | 1.04T | 2.02T | 3.15T |
| Free Cash Flow | 24.6B | -781B | -2.39T | 831B | 1.94T | 2.75T | 688B | 3.98T |
| Ratios | ||||||||
| ROE | 15.8% | 14.2% | 13.9% | 17.4% | 12.6% | 10.5% | 12.1% | 12.4% |
| ROA | 8.4% | 7.9% | 5.8% | 7.9% | 6.3% | 5.5% | 6.3% | 6.5% |
| Net Profit Margin | 33.5% | 28.9% | 31.9% | 28.7% | 25.5% | 23.8% | 25.3% | 27.5% |
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.
Refrigeration Electrical Engineering Corp dividends
- Dividend yield
- 1.66%
- Forward dividend
- 869.57 VND
- Payout ratio
- 18.6%
- Ex-dividend date
- Feb 26, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 469B | 867 | 18.6% |
| 2024 | VND 407B | 654 | 20.4% |
| 2023 | VND 886B | 1,426 | 40.5% |
| 2022 | VND 306B | 651 | 11.4% |
| 2021 | VND 166M | 0.31 | 0.0% |
| 2020 | VND 491B | 909 | 30.2% |
| 2019 | VND 552B | 1,017 | 33.7% |
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: 115:100 on May 18, 2026.
Who owns Refrigeration Electrical Engineering Corp
- Insiders 68.57%
- Institutions 3.11%
- Public & others 28.31%
- Shares outstanding 623M
- Free float 200M
Refrigeration Electrical Engineering Corp company profile
- Company name
- Refrigeration Electrical Engineering Corp
- Ticker
- REE.VN
- ISIN
- VN000000REE2
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Engineering & Construction
- Employees
- 2,001
- Fiscal year end
- December
- Address
- No. 364 Cong Hoa Street, Ho Chi Minh City, Vietnam
- Phone
- 84 28 3810 0017
- Website
- reecorp.com
About Refrigeration Electrical Engineering Corp
Refrigeration Electrical Engineering Corporation, together with its subsidiaries, produces, transmits, and distributes renewable electricity using hydro, solar, and wind power in Vietnam. It operates through Mechanical and Refrigeration Electrical Engineering; Real Estate and Office Leasing; Power; and Water segments. The company offers mechanical and electrical engineering services (M&E), manufacturing, assembling, and sales of air-conditioner systems, and real estate development and management services. It also engages in trading and electricity trading; service supply; digital services; and strategic financial investments in the infrastructure related sector. In addition, the company offers electrical appliances and infrastructure; and office building management and water supply services. Refrigeration Electrical Engineering Corporation is headquartered in Ho Chi Minh City, Vietnam.
Refrigeration Electrical Engineering Corp management
8- Mr. Binh Ngoc Thai NguyenGeneral Director, Member of Management Board & Executive Director
- Mr. Quyen Quang NguyenMember of Management Board & Deputy General Director
- Ms. Lynh Tran Dieu HoChief Accountant
- Mr. Tran Trong QuiManaging Director of RMC
- Mr. Quach Vinh HungManaging Director of REE Property
- Mr. Phap Cong PhamManaging Director of REE M&E
- Mr. Hoa Ngoc LeManaging Director of Reetech
- Mr. Toan Chi NguyenManaging Director of Reepro