Annonce • Feb 10
Vicem Packaging Bim Son Joint Stock Company, Annual General Meeting, Apr 15, 2026 Vicem Packaging Bim Son Joint Stock Company, Annual General Meeting, Apr 15, 2026, at 08:00 SE Asia Standard Time. Location: head quarteres of vicem packaging bim son jsc, quarter 9, bim son ward thanh hoa province, Vietnam Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫14,300, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 11x in the Packaging industry in Vietnam. Total returns to shareholders of 38% over the past three years. Board Change • Jan 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 19
Third quarter 2025 earnings released: EPS: ₫96.00 (vs ₫45.00 in 3Q 2024) Third quarter 2025 results: EPS: ₫96.00 (up from ₫45.00 in 3Q 2024). Revenue: ₫64.0b (up 19% from 3Q 2024). Net income: ₫363.0m (up 113% from 3Q 2024). Profit margin: 0.6% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₫11,000, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 14x in the Packaging industry in Vietnam. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₫11,700, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 14x in the Packaging industry in Vietnam. Total returns to shareholders of 5.3% over the past three years. Upcoming Dividend • Sep 02
Upcoming dividend of ₫200 per share Eligible shareholders must have bought the stock before 08 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Vietnamese dividend payers (7.4%). Lower than average of industry peers (5.0%). Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫13,200, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 15x in the Packaging industry in Vietnam. Total returns to shareholders of 29% over the past three years. Declared Dividend • Aug 09
Dividend of ₫200 announced Dividend of ₫200 is the same as last year. Ex-date: 8th September 2025 Payment date: 15th October 2025 Dividend yield will be 1.8%, which is lower than the industry average of 5.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫10,400, the stock trades at a trailing P/E ratio of 44.3x. Average trailing P/E is 13x in the Packaging industry in Vietnam. Total returns to shareholders of 1.5% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₫11,100, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 13x in the Packaging industry in Vietnam. Total returns to shareholders of 3.7% over the past three years. Board Change • May 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 18
First quarter 2025 earnings released First quarter 2025 results: Revenue: ₫58.3b (down 13% from 1Q 2024). Net income: ₫74.8m (down 73% from 1Q 2024). Profit margin: 0.1% (down from 0.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₫13,400, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 12x in the Packaging industry in Vietnam. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫12,400, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 12x in the Packaging industry in Vietnam. Total returns to shareholders of 3.2% over the past three years. Reported Earnings • Mar 11
Full year 2024 earnings released: EPS: ₫289 (vs ₫200 in FY 2023) Full year 2024 results: EPS: ₫289 (up from ₫200 in FY 2023). Revenue: ₫268.9b (up 18% from FY 2023). Net income: ₫1.10b (up 44% from FY 2023). Profit margin: 0.4% (up from 0.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫11,700, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 11x in the Packaging industry in Vietnam. Total loss to shareholders of 4.1% over the past three years. Annonce • Mar 05
Vicem Packaging Bim Son Joint Stock Company, Annual General Meeting, Apr 24, 2025 Vicem Packaging Bim Son Joint Stock Company, Annual General Meeting, Apr 24, 2025, at 08:00 SE Asia Standard Time. Location: quarter 9, lam son ward, bim son town, thanh hoa province, Vietnam Reported Earnings • Jan 28
Full year 2024 earnings released: EPS: ₫292 (vs ₫297 in FY 2023) Full year 2024 results: EPS: ₫292 (down from ₫297 in FY 2023). Revenue: ₫268.9b (up 18% from FY 2023). Net income: ₫1.11b (down 1.5% from FY 2023). Profit margin: 0.4% (down from 0.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Dec 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫10,200, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 17x in the Packaging industry in Vietnam. Total loss to shareholders of 9.5% over the past three years. Upcoming Dividend • Aug 30
Upcoming dividend of ₫200 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Vietnamese dividend payers (8.2%). Lower than average of industry peers (6.0%). New Risk • Jul 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 0.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (₫31.5b market cap, or US$1.23m). Minor Risk Profit margins are more than 30% lower than last year (0.4% net profit margin). Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: ₫160 (vs ₫255 in 2Q 2023) Second quarter 2024 results: EPS: ₫160 (down from ₫255 in 2Q 2023). Revenue: ₫75.5b (up 19% from 2Q 2023). Net income: ₫609.4m (down 37% from 2Q 2023). Profit margin: 0.8% (down from 1.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ₫7,600, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 16x in the Packaging industry in Vietnam. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₫10,100, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 16x in the Packaging industry in Vietnam. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫9,900, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 9x in the Packaging industry in Vietnam. Total loss to shareholders of 11% over the past three years. Reported Earnings • Jan 26
Full year 2023 earnings released: EPS: ₫297 (vs ₫287 in FY 2022) Full year 2023 results: EPS: ₫297 (up from ₫287 in FY 2022). Revenue: ₫227.6b (down 14% from FY 2022). Net income: ₫1.13b (up 3.4% from FY 2022). Profit margin: 0.5% (up from 0.4% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Jan 23
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: ₫250 (vs ₫97.00 in 3Q 2022) Third quarter 2023 results: EPS: ₫250 (up from ₫97.00 in 3Q 2022). Revenue: ₫52.3b (down 4.1% from 3Q 2022). Net income: ₫948.3m (up 156% from 3Q 2022). Profit margin: 1.8% (up from 0.7% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 31
Upcoming dividend of ₫200 per share at 3.3% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 09 October 2023. Trailing yield: 3.3%. Lower than top quartile of Vietnamese dividend payers (8.6%). Lower than average of industry peers (5.2%). Reported Earnings • Jul 25
Second quarter 2023 earnings released: EPS: ₫255 (vs ₫52.00 in 2Q 2022) Second quarter 2023 results: EPS: ₫255 (up from ₫52.00 in 2Q 2022). Revenue: ₫63.5b (down 12% from 2Q 2022). Net income: ₫969.7m (up 391% from 2Q 2022). Profit margin: 1.5% (up from 0.3% in 2Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫10,000, the stock trades at a trailing P/E ratio of 51.2x. Average trailing P/E is 29x in the Packaging industry in Vietnam. Total returns to shareholders of 3.9% over the past three years. Board Change • May 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫10,000, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 11x in the Packaging industry in Vietnam. Total loss to shareholders of 7.3% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₫10,400, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 13x in the Packaging industry in Vietnam. Total loss to shareholders of 3.6% over the past three years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫11,000, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 12x in the Packaging industry in Vietnam. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₫7,100, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 13x in the Packaging industry in Vietnam. Total loss to shareholders of 38% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: ₫97.00 (vs ₫165 in 3Q 2021) Third quarter 2022 results: EPS: ₫97.00 (down from ₫165 in 3Q 2021). Revenue: ₫54.6b (up 2.2% from 3Q 2021). Net income: ₫370.0m (down 41% from 3Q 2021). Profit margin: 0.7% (down from 1.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫9,000, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 15x in the Packaging industry in Vietnam. Total loss to shareholders of 27% over the past three years. Board Change • Sep 08
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 16
Upcoming dividend of ₫300 per share Eligible shareholders must have bought the stock before 23 August 2022. Payment date: 28 September 2022. Trailing yield: 7.5%. Within top quartile of Vietnamese dividend payers (7.3%). Higher than average of industry peers (4.9%). Reported Earnings • Jul 21
Second quarter 2022 earnings released: EPS: ₫52.00 (vs ₫342 in 2Q 2021) Second quarter 2022 results: EPS: ₫52.00 (down from ₫342 in 2Q 2021). Revenue: ₫72.2b (down 6.6% from 2Q 2021). Net income: ₫197.5m (down 85% from 2Q 2021). Profit margin: 0.3% (down from 1.7% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 24% share price gain to ₫12,500, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 10x in the Packaging industry in Vietnam. Total loss to shareholders of 8.5% over the past three years. Board Change • Apr 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 19
First quarter 2022 earnings released First quarter 2022 results: Revenue: ₫67.7b (down 3.2% from 1Q 2021). Net income: ₫32.3m (down 95% from 1Q 2021). Profit margin: 0% (down from 1.0% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 28
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 05 October 2021. Payment date: 29 October 2021. Trailing yield: 6.2%. Lower than top quartile of Vietnamese dividend payers (6.8%). Higher than average of industry peers (4.3%). Upcoming Dividend • Sep 06
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 13 September 2021. Payment date: 08 October 2021. Trailing yield: 13%. Within top quartile of Vietnamese dividend payers (7.0%). Higher than average of industry peers (4.4%). Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 17% share price gain to ₫12,300, the stock is trading at a trailing P/E ratio of 6.6x, up from the previous P/E ratio of 5.6x. This compares to an average P/E of 7x in the Packaging industry in Vietnam. Total return to shareholders over the past three years is a loss of 11%. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 18% share price gain to ₫12,400, the stock is trading at a trailing P/E ratio of 6.7x, up from the previous P/E ratio of 5.6x. This compares to an average P/E of 7x in the Packaging industry in Vietnam. Total return to shareholders over the past three years is a loss of 10%. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫7.07b, up 65% from the prior year. Total revenue was ₫254.7b over the last 12 months, down 7.4% from the prior year.