Operating Margin

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Price: 31 300 VND 0.48% Market Closed

Market Cap: 71.1T VND

43.7%

Declining

by 1%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

43.7%

Operating Income

₫3.8T

Revenue

₫8.7T

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

43.7%

Operating Income

₫3.8T

Revenue

₫8.7T

Peer Comparison

Country		Company	Market Cap	Operating Margin
VN	V	Vincom Retail JSC VN:VRE	70.8T VND	Loading...
DE		Vonovia SE XETRA:VNA	20.3B EUR	Loading...
BM		Hongkong Land Holdings Ltd SGX:H78	18B USD	Loading...
HK	S	Swire Properties Ltd HKEX:1972	133.1B HKD	Loading...
IL		Azrieli Group Ltd TASE:AZRG	51.1B ILS	Loading...
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	92.4B CNY	Loading...
CH		Swiss Prime Site AG SIX:SPSN	10B CHF	Loading...
CN		China Resources Mixc Lifestyle Services Ltd HKEX:1209	98.9B HKD	Loading...
SG		Capitaland Investment Ltd SGX:9CI	14.6B SGD	Loading...
PH	S	SM Prime Holdings Inc XPHS:SMPH	657.7B PHP	Loading...
HK	W	Wharf Real Estate Investment Company Ltd HKEX:1997	77B HKD	Loading...

Market Distribution

Min	-10 851.5%
30th Percentile	2%
Median	5.3%
70th Percentile	11.3%
Max	318.1%

Other Profitability Ratios

Vincom Retail JSC
Glance View

Economic Moat

None

Market Cap

71.1T VND

Industry

Real Estate

Vincom Retail JSC, a prominent subsidiary of the Vingroup conglomerate, stands as the jewel in Vietnam's crown of commercial real estate. As a masterful architect of retail experiences, the company has strategically anchored itself in the urban fabric of Vietnam's burgeoning cities. Think of Vincom Retail as a maestro orchestrating a symphony of shopping centers—large, modern complexes that incorporate both familiar global brands and local favorites. These complexes, branded under the "Vincom" name, serve as bustling epicenters for shopping, dining, and entertainment, drawing legions of consumers eager for variety and quality under a single roof. By carefully crafting an engaging environment, the company not only captivates visitors but also secures the recurring foot traffic essential for retailers to thrive. The magic lies in Vincom Retail's refined business model, which delicately balances leasing space to high-demand retail tenants with innovative customer engagement strategies. The company collects substantial lease payments from local and international brands keen on leveraging Vietnam's expanding middle class and increasing consumer spending power. However, Vincom Retail doesn’t stop at just providing space; it continually enhances its malls with strategic marketing campaigns, events, and promotions aimed at boosting visitor numbers and enhancing customer experience. In essence, Vincom Retail JSC is more than a landlord—it's a dynamic partner to retailers, offering them an integrated platform to reach an eager audience while ensuring a seamless and enjoyable consumer journey for shoppers.

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Vincom Retail JSC
VN:VRE

Peer Comparison

Market Distribution

Other Profitability Ratios

Vincom Retail JSC
Glance View

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52 Week Range	16 300 43 400
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Vincom Retail JSC VN:VRE