VNEquity Research

HOSE · Construction Materials

GEL GELEX INFRASTRUCTURE JOINT STOCK COMPANY

Công ty Cổ phần Hạ tầng GELEX

Persisted research state: NONE. Research is shown only when it is backed by persisted evidence and calculations.

Browse opportunity signals Open screener

At a glance

Company at a glance

Persisted, canonical facts only. A value that is not recorded is shown as unavailable and is never estimated, substituted or shown as zero.

CompanyGELEX INFRASTRUCTURE JOINT STOCK COMPANY
TickerGEL
ExchangeHOSE
IndustryConstruction Materials
Research stateNo research available NO_RESEARCH
Research certificationNo certified research
Matched opportunity conditions0 of 5
Latest screening snapshot2026-09-25T09:40:48.680669+00:00
Latest market price2026-09-24T00:00:00+00:00
Latest fundamental period2026-06-30
Latest research reportUnavailable
Evidence records212
Source documents24

Certification reflects the repository's internal approval record on the latest persisted report. It describes publication status and provenance; it is not a rating, a forecast or investment advice.

Deterministic discovery

Opportunity signals

Browse opportunity signals

0 of 5 versioned P7D V1 conditions matched at evaluation time. Every condition is either matched, unmatched, or refused when the required evidence is missing, stale or not applicable. These are deterministic screening conditions, not investment recommendations.

No deterministic condition currently matches this company. Missing evidence fails closed and never becomes a match.

Modeled history. Historical valuation availability is modeled from reporting-lag assumptions and is not point-in-time certified.

Full five-rule trace (P7D_RULES_V1)

Fundamental improvement FUNDAMENTAL_IMPROVEMENT

REFUSED

Required input revenue_growth is unavailable: PRIOR_PERIOD_UNAVAILABLE.

Refused: PRIOR_PERIOD_UNAVAILABLE

  • Growth compares the latest two compatible full years.
  • Growth is historical, not forecast growth.
  • Parent PAT growth uses the repository's existing denominator semantics: the latest full-year PARENT_PAT versus the prior full-year PARENT_PAT.
Observations (4)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
revenue_growth — REFUSED · PRIOR_PERIOD_UNAVAILABLE —
pat_growth — REFUSED · PRIOR_PERIOD_UNAVAILABLE —
pe_ttm 136.1583x OK TTM 2026-06-30 · CURRENT
Thresholds
growth min percent
0
pe positive
yes
market current max hours
72.0

Cash-flow strength CASH_FLOW_STRENGTH

REFUSED

Required input fcf_proxy_yield is unavailable: TTM_OCF_OR_CAPEX_UNAVAILABLE.

Refused: TTM_OCF_OR_CAPEX_UNAVAILABLE

  • FCF Proxy Yield is a screening proxy: trailing-twelve-month operating cash flow less reported cash capital expenditure over market capitalization.
Observations (3)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
fcf_proxy_yield — REFUSED · TTM_OCF_OR_CAPEX_UNAVAILABLE — · CURRENT
pe_ttm 136.1583x OK TTM 2026-06-30 · CURRENT
Thresholds
fcf proxy yield min percent
0
pe positive
yes
financial applicability
NON_FINANCIAL_ONLY
market current max hours
72.0

Quality at a reasonable valuation QUALITY_AT_REASONABLE_VALUATION

UNMATCHED

Positive PAT margin, the operating margin floor and a positive reasonable P/E are not all present.

  • Operating and PAT margins are not cross-sector comparable in this screening phase.
Observations (4)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
pat_margin 17.432% OK QUARTER 2026-06-30 · CURRENT
operating_margin 21.9174% OK QUARTER 2026-06-30 · CURRENT
pe_ttm 136.1583x OK TTM 2026-06-30 · CURRENT
Thresholds
pat margin min percent
0
operating margin min percent
5
pe min exclusive
0
pe max inclusive
40
market current max hours
72.0

Valuation dislocation VALUATION_DISLOCATION

REFUSED

Historical valuation is unavailable for this company; no cross-sectional approximation is used.

Refused: MEDIAN_UNAVAILABLE

Historical certification: NON_CERTIFIED_MODELED_AVAILABILITY — modeled, not point-in-time certified

  • Historical valuation availability is modeled from reporting-lag assumptions and is not point-in-time certified.
Observations (6)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
historical_pe_percentile 87.4% OK — · CURRENT
historical_premium_discount — REFUSED · MEDIAN_UNAVAILABLE — · CURRENT
historical_signal UNAVAILABLE OK — · CURRENT
pe_ttm 136.1583x OK TTM 2026-06-30 · CURRENT
historical_certification NON_CERTIFIED_MODELED_AVAILABILITY OK —
Thresholds
historical percentile max
25
historical signals
BELOW_HISTORY, DEEPLY_BELOW_HISTORY
historical premium discount max exclusive
0
pe positive
yes
market current max hours
72.0

Research gap RESEARCH_GAP

UNMATCHED

No quantitative signal matched, so the research gap is not actionable by this rule.

Observations (1)
InputValueStatusPeriod / freshness
research_state NONE OK — · MISSING
Thresholds
research gap states
NONE, INSUFFICIENT
requires quantitative signal
yes

Rules version P7D_RULES_V1 · snapshot built 2026-09-25 09:40:48.680669+00:00 · market freshness CURRENT · persisted research state NONE. These are deterministic screening conditions over persisted evidence, not investment recommendations, forecasts, ratings or advice.

Canonical snapshot

Screening metrics

Open screener

Values come from the persisted screening snapshot and are never recomputed in the browser. UNKNOWN or refused inputs show as “—” with their canonical reason and are never displayed as zero. OCF/PAT is expressed as a percentage of PAT (100 means 100% of PAT).

P/E (TTM, parent)136.1583x
P/B (parent equity)1.3661x
Revenue growth (latest compatible FY)— PRIOR_PERIOD_UNAVAILABLE
Parent PAT growth (latest compatible FY)— PRIOR_PERIOD_UNAVAILABLE
Operating margin (latest compatible period)21.9174%
PAT margin (latest compatible period)17.432%
FCF Proxy Yield (TTM)— TTM_OCF_OR_CAPEX_UNAVAILABLE
OCF / PAT (latest compatible period)607.1759%
Market freshnessCURRENT price 2026-09-24T00:00:00+00:00
Fundamental periodthrough 2026-06-30 freshness CURRENT
Snapshot built at2026-09-25T09:40:48.680669+00:00 01a09a78-2ce3-77df-baa5-55be995c33c8
Persisted research stateNONE MISSING
Historical valuation signalUNAVAILABLE available

Snapshot refusal reasons: HISTORICAL_VALUATION_NOT_REQUESTED; PRIOR_PERIOD_UNAVAILABLE; TTM_CAPEX_OR_REVENUE_UNAVAILABLE; TTM_DIVIDENDS_UNAVAILABLE; TTM_OCF_OR_CAPEX_UNAVAILABLE

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Valuation snapshot

ssi-iboard · HOSE · 2026-09-24T00:00:00+00:00 · retrieved 2026-09-24T09:35:53.658871+00:00 · share basis: unavailable

Price29050.000000000000 VND
Shares outstanding—
Market cap25854500000000.000000000000
Market capitalization25854500000000.0000
Earnings yield (TTM, parent)0.7344%
P/E (TTM, parent)136.1583x
P/B (parent equity)1.3661x
Dividend yield (trailing cash DPS)— DIVIDEND_PER_SHARE_UNAVAILABLE
Cash distribution yield (proxy)— TTM_DIVIDENDS_UNAVAILABLE
FCF Proxy Yield (TTM)— TTM_OCF_OR_CAPEX_UNAVAILABLE
Enterprise value— TOTAL_DEBT_UNAVAILABLE
EV/Sales (TTM)— TOTAL_DEBT_UNAVAILABLE
EV/EBIT (TTM)— TOTAL_DEBT_UNAVAILABLE
Net cash / (net debt)— TOTAL_DEBT_UNAVAILABLE
EV/EBITDA— EBITDA_NOT_REPORTED_OR_DEBT_INCOMPLETE
Historical P/E range— HISTORICAL_PRICE_HISTORY_UNAVAILABLE

Deterministic Bull / Base / Bear

CaseAssumptionsTarget multiple rationaleImplied value / shareUpside / downside
Bull
  • TTM revenue growth of 5.00%
  • TTM parent PAT margin of 2.18%
  • target P/E of 149.8x
ANALYST_ASSUMPTION
current TTM P/E +10% sensitivity, rounded to 0.1x		62168.1010114.0038%
Base
  • TTM revenue growth of 0.00%
  • TTM parent PAT margin of 1.18%
  • target P/E of 136.2x
CURRENT_MULTIPLE
current TTM parent-attributable P/E, rounded to 0.1x		29138.62880.3051%
Bear
  • TTM revenue growth of -5.00%
  • TTM parent PAT margin of 0.18%
  • target P/E of 122.5x
ANALYST_ASSUMPTION
current TTM P/E -10% sensitivity, rounded to 0.1x		3797.8884-86.9264%

Historical valuation

Point-in-time P/E uses only periods available on each trade date (publication-dated or lag-modeled); no negative earnings produce an observation.

Current P/E136.16x
1Y median P/E— INSUFFICIENT_OBSERVATIONS (119 < 120)
3Y median P/E— INSUFFICIENT_OBSERVATIONS (119 < 120)
5Y median P/E— INSUFFICIENT_OBSERVATIONS (119 < 120)
25th / 75th percentile P/E57.42 / 65.43
Min / max P/E45.66 / 67.42 (raw 42.14 / 143.19)
Percentile rank95.8%
Premium / discount to median— UNAVAILABLE
SignalUNAVAILABLE INSUFFICIENT_HISTORICAL_OBSERVATIONS (119 < 120)
CertificationNON_CERTIFIED_MODELED_AVAILABILITY 24 observations use REPORT_LAG_MODEL; 95 observations use ANNUAL_PAT_FALLBACK
P/B history— PARENT_EQUITY_HISTORY_UNAVAILABLE
Dividend-yield history— DIVIDEND_PER_SHARE_HISTORY_UNAVAILABLE

P/E range 42.14x – 143.19x over stored observations.

Historical availability may be modeled from reporting-lag assumptions (NON_CERTIFIED_MODELED_AVAILABILITY). Modeled availability is labelled and is never point-in-time certified.

Notes: PROVIDER_SELECTED: dnse-chart ({'dnse-chart': 151} bars); ADJUSTMENT_UNKNOWN: adjusted=False, adjustment_basis=UNKNOWN

Peer comparison

EXACT_INDUSTRY · Exact primary-industry and exchange match. · 3 compatible peer(s)

TickerPriceMarket capP/EP/BRevenue growthPAT growthMarginsFCF proxy yieldPremium / discount to peer median
ACC ECONOMIC_SIZE_MISMATCH 4270.000000000000 VND 448349970110.000000000000 VND 10.70x 0.32x 9.79% -0.45% 6.77% — TTM_OCF_OR_CAPEX_UNAVAILABLE 0.4%
C32 ECONOMIC_SIZE_MISMATCH 15050.000000000000 VND 452392314500.000000000000 VND 7.64x 0.80x -12.76% 223.53% 4.81% — TTM_OCF_OR_CAPEX_UNAVAILABLE -28.3%
CRC ECONOMIC_SIZE_MISMATCH 5140.000000000000 VND 548437609360.000000000000 VND 10.50x 0.62x 24.35% -9.83% 9.94% — TTM_OCF_OR_CAPEX_UNAVAILABLE -1.5%
DHA ECONOMIC_SIZE_MISMATCH 53500.000000000000 VND 808917111000.000000000000 VND 7.62x 1.66x 36.39% 112.24% 27.17% — TTM_OCF_OR_CAPEX_UNAVAILABLE -28.5%
DXV ECONOMIC_SIZE_MISMATCH 3200.000000000000 VND 31680000000.000000000000 VND 28.89x 0.32x 16.39% 114.38% 0.39% — TTM_OCF_OR_CAPEX_UNAVAILABLE 171.0%
EVG ECONOMIC_SIZE_MISMATCH 4100.000000000000 VND 926648121700.000000000000 VND 9.87x 0.32x -6.16% 147.51% 6.95% — TTM_OCF_OR_CAPEX_UNAVAILABLE -7.4%
FCM ECONOMIC_SIZE_MISMATCH 2900.000000000000 VND 134057215400.000000000000 VND 7.63x 0.24x -1.50% 1119.26% 4.06% — TTM_OCF_OR_CAPEX_UNAVAILABLE -28.4%
GMH ECONOMIC_SIZE_MISMATCH 6800.000000000000 VND 112200000000.000000000000 VND 6.87x 0.59x 17.63% 199.22% 17.20% — TTM_OCF_OR_CAPEX_UNAVAILABLE -35.6%
HT1 11800.000000000000 VND 4502760949800.000000000000 VND 11.65x 0.88x 6.97% 355.11% 3.72% — TTM_OCF_OR_CAPEX_UNAVAILABLE 9.3%
KSB 12950.000000000000 VND 1486389383850.000000000000 VND 7.28x 0.53x 77.16% 193.71% 21.93% — TTM_OCF_OR_CAPEX_UNAVAILABLE -31.7%
LBM 28900.000000000000 VND 1445000000000.000000000000 VND 10.66x 2.24x 37.18% 72.30% 11.86% — TTM_OCF_OR_CAPEX_UNAVAILABLE 0.0%
NNC ECONOMIC_SIZE_MISMATCH 37900.000000000000 VND 830768000000.000000000000 VND 4.81x 1.55x 39.59% 136.13% 37.81% — TTM_OCF_OR_CAPEX_UNAVAILABLE -54.9%
TDC ECONOMIC_SIZE_MISMATCH 6380.000000000000 VND 811714640000.000000000000 VND 3.69x 0.47x 111.76% -33.61% 11.11% — TTM_OCF_OR_CAPEX_UNAVAILABLE -65.4%
THG ECONOMIC_SIZE_MISMATCH 28000.000000000000 VND 984936596000.000000000000 VND 6.62x 1.24x 29.23% 12.99% 6.64% — TTM_OCF_OR_CAPEX_UNAVAILABLE -37.9%
YBM ECONOMIC_SIZE_MISMATCH 10050.000000000000 VND 323353976250.000000000000 VND 10.74x 1.50x 13.62% 114.57% 3.27% — TTM_OCF_OR_CAPEX_UNAVAILABLE 0.8%

Peer median P/E: 10.66x (3 compatible observations) · target rank 4 · percentile 100.0% · target premium/discount 1177.3%

Excluded: C69 (NO_COMPATIBLE_CLASSIFICATION); DAC (NO_COMPATIBLE_CLASSIFICATION); ALV (NO_COMPATIBLE_CLASSIFICATION); ACE (NO_COMPATIBLE_CLASSIFICATION); AMC (NO_COMPATIBLE_CLASSIFICATION); UDJ (NO_COMPATIBLE_CLASSIFICATION); VXB (NO_COMPATIBLE_CLASSIFICATION); BT6 (NO_COMPATIBLE_CLASSIFICATION); VLB (NO_COMPATIBLE_CLASSIFICATION); BHC (NO_COMPATIBLE_CLASSIFICATION); BCC (NO_COMPATIBLE_CLASSIFICATION); BTN (NO_COMPATIBLE_CLASSIFICATION); MVC (NO_COMPATIBLE_CLASSIFICATION); CNT (NO_COMPATIBLE_CLASSIFICATION); CCM (NO_COMPATIBLE_CLASSIFICATION); CDG (NO_COMPATIBLE_CLASSIFICATION); DCR (NO_COMPATIBLE_CLASSIFICATION); DID (NO_COMPATIBLE_CLASSIFICATION); DIC (NO_COMPATIBLE_CLASSIFICATION); PDB (NO_COMPATIBLE_CLASSIFICATION); DKG (NO_COMPATIBLE_CLASSIFICATION); GND (NO_COMPATIBLE_CLASSIFICATION); DND (NO_COMPATIBLE_CLASSIFICATION); DCT (NO_COMPATIBLE_CLASSIFICATION); BDT (NO_COMPATIBLE_CLASSIFICATION); DTI (NO_COMPATIBLE_CLASSIFICATION); BMJ (NO_COMPATIBLE_CLASSIFICATION); EME (NO_COMPATIBLE_CLASSIFICATION); FIC (NO_COMPATIBLE_CLASSIFICATION); KDM (NO_COMPATIBLE_CLASSIFICATION); GKM (NO_COMPATIBLE_CLASSIFICATION); KHD (NO_COMPATIBLE_CLASSIFICATION); HCT (NO_COMPATIBLE_CLASSIFICATION); MCC (NO_COMPATIBLE_CLASSIFICATION); CMD (NO_COMPATIBLE_CLASSIFICATION); HCC (NO_COMPATIBLE_CLASSIFICATION); HMR (NO_COMPATIBLE_CLASSIFICATION); KPF (NO_COMPATIBLE_CLASSIFICATION); NXT (NO_COMPATIBLE_CLASSIFICATION); CLH (NO_COMPATIBLE_CLASSIFICATION); LIC (NO_COMPATIBLE_CLASSIFICATION); LMC (NO_COMPATIBLE_CLASSIFICATION); HMD (NO_COMPATIBLE_CLASSIFICATION); GMX (NO_COMPATIBLE_CLASSIFICATION); NHC (NO_COMPATIBLE_CLASSIFICATION); PTE (NO_COMPATIBLE_CLASSIFICATION); MIC (NO_COMPATIBLE_CLASSIFICATION); QNC (NO_COMPATIBLE_CLASSIFICATION); SDP (NO_COMPATIBLE_CLASSIFICATION); SCC (NO_COMPATIBLE_CLASSIFICATION); SCJ (NO_COMPATIBLE_CLASSIFICATION); S72 (NO_COMPATIBLE_CLASSIFICATION); S74 (NO_COMPATIBLE_CLASSIFICATION); SCL (NO_COMPATIBLE_CLASSIFICATION); SDY (NO_COMPATIBLE_CLASSIFICATION); SPI (NO_COMPATIBLE_CLASSIFICATION); THD (NO_COMPATIBLE_CLASSIFICATION); X77 (NO_COMPATIBLE_CLASSIFICATION); VHH (NO_COMPATIBLE_CLASSIFICATION); BTD (NO_COMPATIBLE_CLASSIFICATION); TTZ (NO_COMPATIBLE_CLASSIFICATION); HOM (NO_COMPATIBLE_CLASSIFICATION); VTV (NO_COMPATIBLE_CLASSIFICATION); CQT (NO_COMPATIBLE_CLASSIFICATION); BTS (NO_COMPATIBLE_CLASSIFICATION); TMX (NO_COMPATIBLE_CLASSIFICATION); TXM (NO_COMPATIBLE_CLASSIFICATION); HVX (NO_COMPATIBLE_CLASSIFICATION); DTC (NO_COMPATIBLE_CLASSIFICATION); VHL (NO_COMPATIBLE_CLASSIFICATION); VIM (NO_COMPATIBLE_CLASSIFICATION); XMC (NO_COMPATIBLE_CLASSIFICATION); XMD (NO_COMPATIBLE_CLASSIFICATION); YBC (NO_COMPATIBLE_CLASSIFICATION); VCX (NO_COMPATIBLE_CLASSIFICATION); HLY (NO_COMPATIBLE_CLASSIFICATION)

comparison inputs, not causal conclusions: revenue_growth_percent, pat_growth_percent, net_margin_percent, price_to_book

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