New Risk • Mar 30
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: 6.6% Last year net profit margin: 11% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Paying a dividend despite having no free cash flows. Revenue has declined by 39% over the past year. Market cap is less than US$10m (₫166.7b market cap, or US$6.33m). Minor Risks Profit margins are more than 30% lower than last year (6.6% net profit margin). Revenue is less than US$5m (₫120b revenue, or US$4.6m). New Risk • Mar 06
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₫120b (US$4.6m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Paying a dividend despite having no free cash flows. Revenue has declined by 39% over the past year. Market cap is less than US$10m (₫187.1b market cap, or US$7.11m). Minor Risk Revenue is less than US$5m (₫120b revenue, or US$4.6m). Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: ₫636 (vs ₫1,855 in FY 2024) Full year 2025 results: EPS: ₫636 (down from ₫1,855 in FY 2024). Revenue: ₫119.9b (down 39% from FY 2024). Net income: ₫11.5b (down 50% from FY 2024). Profit margin: 9.6% (down from 12% in FY 2024). The decrease in margin was driven by lower revenue. Buy Or Sell Opportunity • Jan 26
Now 24% overvalued Over the last 90 days, the stock has fallen 2.1% to ₫16,300. The fair value is estimated to be ₫13,187, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last year. Earnings per share has declined by 37%. Buy Or Sell Opportunity • Jan 07
Now 24% overvalued Over the last 90 days, the stock has fallen 5.0% to ₫16,300. The fair value is estimated to be ₫13,166, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last year. Earnings per share has declined by 37%. Buy Or Sell Opportunity • Dec 04
Now 21% overvalued Over the last 90 days, the stock has fallen 9.0% to ₫16,100. The fair value is estimated to be ₫13,256, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last year. Earnings per share has declined by 37%. Reported Earnings • Oct 19
Third quarter 2025 earnings released: EPS: ₫344 (vs ₫631 in 3Q 2024) Third quarter 2025 results: EPS: ₫344 (down from ₫631 in 3Q 2024). Revenue: ₫39.6b (down 34% from 3Q 2024). Net income: ₫4.26b (down 46% from 3Q 2024). Profit margin: 11% (down from 13% in 3Q 2024). The decrease in margin was driven by lower revenue. Buy Or Sell Opportunity • Oct 13
Now 22% overvalued Over the last 90 days, the stock has fallen 10% to ₫17,900. The fair value is estimated to be ₫14,715, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 23%. Buy Or Sell Opportunity • Sep 26
Now 20% overvalued Over the last 90 days, the stock has fallen 1.1% to ₫18,550. The fair value is estimated to be ₫15,425, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 23%. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₫17,600, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 17x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 25% over the past three years. New Risk • Jul 27
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 94% The company is paying a dividend despite having no free cash flows. Dividend yield: 6.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. Revenue has declined by 16% over the past year. High level of non-cash earnings (27% accrual ratio). Market cap is less than US$10m (₫235.5b market cap, or US$8.95m). New Risk • Jul 23
New major risk - Revenue and earnings growth Revenue has declined by 16% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 16% over the past year. High level of non-cash earnings (27% accrual ratio). Market cap is less than US$10m (₫260.2b market cap, or US$9.89m). Reported Earnings • Jul 22
Second quarter 2025 earnings released: EPS: ₫305 (vs ₫730 in 2Q 2024) Second quarter 2025 results: EPS: ₫305 (down from ₫730 in 2Q 2024). Revenue: ₫39.0m (down 100% from 2Q 2024). Net income: ₫3.77m (down 100% from 2Q 2024). Profit margin: 9.7% (down from 14% in 2Q 2024). The decrease in margin was driven by lower revenue. Upcoming Dividend • Jul 17
Upcoming dividend of ₫1,300 per share Eligible shareholders must have bought the stock before 24 July 2025. Payment date: 12 August 2025. The company last paid an ordinary dividend in May 2018. The average dividend yield among industry peers is 1.3%. Reported Earnings • Apr 20
First quarter 2025 earnings released: EPS: ₫72.00 (vs ₫730 in 1Q 2024) First quarter 2025 results: EPS: ₫72.00 (down from ₫730 in 1Q 2024). Revenue: ₫11.6b (down 82% from 1Q 2024). Net income: ₫897.3m (down 90% from 1Q 2024). Profit margin: 7.7% (down from 14% in 1Q 2024). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₫18,600, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 13x in the Metals and Mining industry in Vietnam. Total loss to shareholders of 3.2% over the past three years. New Risk • Apr 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫247.9b (US$9.67m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$10m (₫247.9b market cap, or US$9.67m). Annuncio • Mar 21
Binh Dinh Minerals Joint Stock Company, Annual General Meeting, Apr 11, 2025 Binh Dinh Minerals Joint Stock Company, Annual General Meeting, Apr 11, 2025, at 07:01 SE Asia Standard Time. Location: at meeting hall of thanh binh guest house, 06 ly thuong kiet street, binhdinh province, quynhon Vietnam Reported Earnings • Feb 25
Full year 2024 earnings released: EPS: ₫1,855 (vs ₫1,738 in FY 2023) Full year 2024 results: EPS: ₫1,855 (up from ₫1,738 in FY 2023). Revenue: ₫195.3b (up 8.5% from FY 2023). Net income: ₫23.0b (up 6.7% from FY 2023). Profit margin: 12% (in line with FY 2023). New Risk • Feb 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Market cap is less than US$100m (₫386.0b market cap, or US$15.1m). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫25,800, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 14x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 37% over the past three years. New Risk • Nov 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫251.6b (US$9.81m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2015 fiscal period end). Market cap is less than US$10m (₫251.6b market cap, or US$9.81m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.0% average weekly change). Annuncio • May 09
Binh Dinh Minerals Joint Stock Company Approves Cash Dividend for the 2023, Payable on June 04, 2024 On May 04, 2024, the BOD of Binh Dinh Minerals Joint Stock Company approved 2023 cash dividend of VND 1,150 per share, Record date: May 21, 2024, payment time: June 04, 2024. Declared Dividend • May 08
Dividend increased to ₫1,150 Dividend of ₫1,150 is 28% higher than last year. Ex-date: 20th May 2024 Payment date: 4th June 2024 Dividend yield will be 6.4%, which is higher than the industry average of 1.7%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Annuncio • Mar 23
Binh Dinh Minerals Joint Stock Company, Annual General Meeting, Apr 19, 2024 Binh Dinh Minerals Joint Stock Company, Annual General Meeting, Apr 19, 2024. Location: No.06 Ly Thuong Kiet street, Quy Nhon city, Binh Dinh province. Quy Nhon Vietnam New Risk • Mar 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2015 fiscal period end). Market cap is less than US$10m (₫236.7b market cap, or US$9.70m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.9% average weekly change). Annuncio • May 23
Binh Dinh Minerals Joint Stock Company Announces Cash Dividend for the Year of 2022, Payable on June 14, 2023 Binh Dinh Minerals Joint Stock Company announced cash dividend of 9.0% (900 dongs/share) for the year of 2022. Scheduled dates are as follows: Ex-right date: May 30, 2023, Record date: May 31, 2023 and Payment date: June 14, 2023. Upcoming Dividend • May 23
Upcoming dividend of ₫900 per share at 5.6% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 14 June 2023. Trailing yield: 5.6%. Lower than top quartile of Vietnamese dividend payers (8.7%). Higher than average of industry peers (2.1%). Board Change • Nov 16
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. 6 non-independent directors. Deputy CEO & Director Nguyen Ho Tran was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 20
Binh Dinh Minerals Joint Stock Company Announces Board Changes Binh Dinh Minerals Joint Stock Company announced the change in personnel as follows: Appointment of: Mr. Cao Thai Dinh, Former position in the organization: a member of the BOD. Newly appointed position: a member of the BOD cum person in charge of internal audit. Term: 5 years. Effective date: September 16, 2022. Upcoming Dividend • Aug 24
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 20 September 2022. Trailing yield: 4.7%. Lower than top quartile of Vietnamese dividend payers (7.4%). Higher than average of industry peers (1.5%). Annuncio • Aug 17
Binh Dinh Minerals Joint Stock Company Approves Cash Dividend for 2021, Payable on September 20, 2022 The Board resolution dated August 10, 2022, the board of directors of Binh Dinh Minerals Joint Stock Company approved to pay cash dividend for 2021 as follows: Exercise ratio: 8% (VND 800 per share). Record date is September 05, 2022 and Payment date is September 20, 2022. Annuncio • Jun 24
Binh Dinh Minerals Joint Stock Company Appoints Tran Ho Toai Nguyen as Deputy Chief Executive Officer The Board resolution dated June 20, 2022, the BOD of Binh Dinh Minerals Joint Stock Company approved the appointment of Mr. Tran Ho Toai Nguyen as Deputy Chief Executive Officer of the Company from June 20, 2022. Annuncio • Jun 23
Binh Dinh Minerals Joint Stock Company Announces Resignation of Do Thanh Thao as Deputy Director General Binh Dinh Minerals Joint Stock Company announced the resignation of Mr. Thanh Thao as Deputy Director General, effective from June 14, 2022. Annuncio • Jun 15
Binh Dinh Minerals Joint Stock Company Announces Executive Changes Binh Dinh Minerals Joint Stock Company announces the change in personnel as follows: Appointment: Mr. Tran Canh Thinh. Former position in the organization: Member of the Board of Directors, Deputy CEO. Newly appointed position: Member of the Board of Directors, Deputy CEO, the person in charge of corporate governance cum the Company’s Secretary. Term: 05 years. Effective date: June 06, 2022. Resignation: Mr. Do Thanh Thao. Resigned position: The person in charge of corporate governance cum the Company’s Secretary. Reason (if any): for health reasons. Effective date: June 06, 2022. Annuncio • Jun 11
Binh Dinh Minerals Joint Stock Company, Annual General Meeting, Jun 30, 2022 Binh Dinh Minerals Joint Stock Company, Annual General Meeting, Jun 30, 2022. Location: Thanh Binh Guest House, No.06 Ly Thuong Kiet, Quy Nhon Vietnam Board Change • Apr 27
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. 6 non-independent directors. Chairman Hau Le was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jan 11
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 18 January 2022. Payment date: 28 January 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Vietnamese dividend payers (6.2%). Higher than average of industry peers (0.9%). Is New 90 Day High Low • Mar 02
New 90-day high: ₫17,000 The company is up 66% from its price of ₫10,250 on 02 December 2020. The Vietnamese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 31% over the same period. Is New 90 Day High Low • Jan 25
New 90-day high: ₫16,700 The company is up 56% from its price of ₫10,700 on 27 October 2020. The Vietnamese market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 46% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ₫15,100 The company is up 40% from its price of ₫10,800 on 07 October 2020. The Vietnamese market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 51% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ₫11,300 The company is up 1.0% from its price of ₫11,150 on 15 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 57% over the same period. 
