SJS.VN Song Da Urban & Industrial Zone Investment and Development JSC
- Market cap
- VND 16.3T
- P/E
- 88.4x
- P/B
- 3.30x
- ROE
- 39.3%
- Dividend yield
- 0.00%
- Fundamental score
- 2.5/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is SJS.VN undervalued?
Graham numberThe Graham number of Song Da Urban & Industrial Zone Investment and Development JSC cannot be estimated reliably (the estimate is too far from the market price).
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?
Song Da Urban & Industrial Zone Investment and Development JSC fundamental analysis
10 of 22 checks passedROE 2/2
High return on equity (39.3%), above 20%.
ROA 1/1
Return on assets (22.1%) is above the industry median (1.2%).
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 0/1
Last year's EPS growth (33.4%) is not above the 5-year average (35.3% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (33.4%) is below the industry median (33.4%).
Revenue Growth 2/2
Revenue grew 25.5% 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 (18.9%), 40% or less.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 1/1
EBIT is 245.3x against interest expense, well covered.
PE vs Market 0/1
PE (88.8x) is above the market median (11.2x).
PE vs Industry 0/1
PE (88.8x) is above the industry median (39.4x).
PBV 0/1
Price to book (3.3x) is above the industry median (1.0x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 295.0, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 2.52, above 1.
Dividend Yield 0/2
Dividend yield (0.0%) 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 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 0.0%, 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
Song Da Urban & Industrial Zone Investment and Development JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Song Da Urban & Industrial Zone Investment and Development JSC
SJ Group Joint Stock Company engages in the investment, development, and trading in real estate properties in Vietnam. The company provides real estate services; and rendering services for housing, urban areas, and industrial park services. It offers management and investment consulting; sports, entertainment, and recreational services of sports facilities, amusement parks, and theme parks; advertising and real estate management; and project design consulting, project apprai…
Full company profileSong Da Urban & Industrial Zone Investment and Development JSC financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Song Da Urban & Industrial Zone Investment and Development JSC 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 | 696B | 1.14T | 747B | 380B | 416B | 646B | 751B | 3.39T |
| Gross Profit | 188B | 427B | 232B | 55.7B | 187B | 437B | 531B | 2.48T |
| Operating Income | 142B | 357B | 150B | 9.11B | 138B | 367B | 452B | 2.40T |
| EBITDA | 151B | 133B | 143B | 185B | 260B | 378B | 462B | 2.40T |
| Net Income | 105B | 30.6B | 64.8B | 120B | 185B | 269B | 361B | 1.91T |
| EPS | 921 | 268 | 569 | 1,051 | 628 | 910 | 1,215 | 6,418 |
| Balance Sheet | ||||||||
| Total Assets | 6.65T | 7.05T | 6.95T | 6.78T | 7.47T | 7.84T | 7.88T | 8.66T |
| Total Liabilities | 4.42T | 4.89T | 4.75T | 4.20T | 4.71T | 4.85T | 4.43T | 3.78T |
| Shareholders' Equity | 2.21T | 2.11T | 2.14T | 2.52T | 2.71T | 2.98T | 3.43T | 4.86T |
| Cash & Short-term Investments | 56.0B | 222B | 340B | 76.7B | 68.2B | 173B | 153B | 98.1B |
| Cash Flow | ||||||||
| Operating Cash Flow | -3.89B | 61.6B | -398B | -658B | -830B | 199B | -74.2B | - |
| Capital Expenditure | 2.24B | 1.27B | 2.03B | 3.25B | 2.37B | 1.54B | 2.55B | 1.01B |
| Free Cash Flow | -6.12B | 60.3B | -400B | -662B | -832B | 197B | -76.8B | 486B |
| Ratios | ||||||||
| ROE | 4.8% | 1.4% | 3.0% | 4.8% | 6.8% | 9.0% | 10.5% | 39.3% |
| ROA | 1.6% | 0.4% | 0.9% | 1.8% | 2.5% | 3.4% | 4.6% | 22.1% |
| Net Profit Margin | 15.1% | 2.7% | 8.7% | 31.5% | 44.5% | 41.6% | 48.1% | 56.3% |
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.
Song Da Urban & Industrial Zone Investment and Development JSC dividends
- Dividend yield
- 0.00%
- Forward dividend
- -
- Payout ratio
- 0.0%
- Ex-dividend date
- May 23, 2019
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 46.6M | 0.16 | 0.0% |
| 2024 | VND 214B | 724 | 79.6% |
| 2023 | VND 735M | 2.49 | 0.4% |
| 2022 | - | - | - |
| 2021 | - | - | - |
| 2020 | VND 956M | 8.39 | 3.1% |
| 2019 | VND 956M | 8.39 | 0.9% |
| 2009 | - | - | - |
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: 259:100 on Jul 30, 2025.
Who owns Song Da Urban & Industrial Zone Investment and Development JSC
- Insiders 22.50%
- Institutions 0.01%
- Public & others 77.49%
- Shares outstanding 297M
- Free float 234M
Song Da Urban & Industrial Zone Investment and Development JSC company profile
- Company name
- Song Da Urban & Industrial Zone Investment and Development JSC
- Ticker
- SJS.VN
- ISIN
- VN000000SJS9
- Exchange
- Vietnam Stocks
- Sector
- Real Estate
- Industry
- Real Estate Services
- Employees
- 157
- Fiscal year end
- December
- Address
- Plot TT2, Hanoi, Vietnam
- Phone
- 84 24 3768 5592
- Website
- sjgroups.com.vn
About Song Da Urban & Industrial Zone Investment and Development JSC
SJ Group Joint Stock Company engages in the investment, development, and trading in real estate properties in Vietnam. The company provides real estate services; and rendering services for housing, urban areas, and industrial park services. It offers management and investment consulting; sports, entertainment, and recreational services of sports facilities, amusement parks, and theme parks; advertising and real estate management; and project design consulting, project appraisal consulting, report preparation consulting, construction supervision consulting, and project management consulting services. In addition, the company engages in the preparation, appraisal, and implementation of construction investment projects; production of building materials from bricks, sand, cement, and gypsum; wholesale and retail of autoclaved aerated concrete bricks, building materials, and interior equipment; and wholesale of machines, equipment, and machine parts. The company was formerly known as Song Da Urban & Industrial Zone Investment and Development Joint Stock Company and changed its name to SJ Group Joint Stock Company in April 2024. The company was founded in 2001 and is headquartered in Hanoi, Vietnam.
Song Da Urban & Industrial Zone Investment and Development JSC management
9- Mr. Trung Nhu TranGeneral Director & Director
- Mr. Cuong Viet NguyenDeputy General Director & Director
- Mr. Ninh Hai NguyenChief Financial Officer
- Mr. Dung Viet TranChief Accountant
- Mr. Dung Tran NguyenStanding Deputy General Director
- Mr. Chinh Cong NguyenDeputy Chief Executive Officer
- Mr. Oanh TranDeputy Chief Executive Officer
- Ms. Ngan Thi PhamHead of the Internal Audit
- Mr. Vinh Dang NguyenCompany Secretary