View ValuationTay Ninh Rubber 将来の成長Future 基準チェック /06 Tay Ninh Rubberは収益が増加すると予測されています。主要情報n/a収益成長率n/aEPS成長率Chemicals 収益成長13.5%収益成長率10.3%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日19 Nov 2025今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Apr 24Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 30, 2026Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 30, 2026. Location: company office, national highway 22b, da hang hamlet, phuoc thanh, tay ninh province., VietnamNew Risk • Feb 04New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₫2.36t market cap, or US$89.6m).Reported Earnings • Oct 23Third quarter 2025 earnings released: EPS: ₫3,911 (vs ₫2,511 in 3Q 2024)Third quarter 2025 results: EPS: ₫3,911 (up from ₫2,511 in 3Q 2024). Revenue: ₫239.3b (up 8.4% from 3Q 2024). Net income: ₫117.3b (up 60% from 3Q 2024). Profit margin: 49% (up from 33% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 23Upcoming dividend of ₫2,500 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 19 December 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Vietnamese dividend payers (7.6%). Lower than average of industry peers (3.4%).Reported Earnings • Jul 18Second quarter 2025 earnings released: EPS: ₫1.20 (vs ₫440 in 2Q 2024)Second quarter 2025 results: EPS: ₫1.20. Revenue: ₫132.1b (up 46% from 2Q 2024). Net income: ₫34.9b (up 172% from 2Q 2024). Profit margin: 26% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue.Reported Earnings • Apr 24First quarter 2025 earnings released: EPS: ₫2,417 (vs ₫528 in 1Q 2024)First quarter 2025 results: EPS: ₫2,417 (up from ₫528 in 1Q 2024). Revenue: ₫226.1b (up 55% from 1Q 2024). Net income: ₫70.4b (up 358% from 1Q 2024). Profit margin: 31% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 18Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 10, 2025Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 10, 2025. Location: 79 route 22b, da hang village, hiep thanh commune, go dau district, tay ninh province, VietnamNew Risk • Apr 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 7.9% 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 (7.9% average weekly change). Minor Risk Market cap is less than US$100m (₫1.85t market cap, or US$72.1m).Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫68,200, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 12x in the Chemicals industry in Vietnam. Total returns to shareholders of 47% over the past three years.Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫81,000, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 14x in the Chemicals industry in Vietnam. Total returns to shareholders of 90% over the past three years.Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫62,700, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 14x in the Chemicals industry in Vietnam. Total returns to shareholders of 46% over the past three years.New Risk • Dec 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 4.8% 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 Risk Earnings have declined by 4.1% per year over the past 5 years. 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 (4.8% average weekly change). Market cap is less than US$100m (₫1.55t market cap, or US$60.5m).Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫46,450, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 15x in the Chemicals industry in Vietnam. Total returns to shareholders of 7.1% over the past three years.Reported Earnings • Oct 12Third quarter 2024 earnings released: EPS: ₫2,511 (vs ₫431 in 3Q 2023)Third quarter 2024 results: EPS: ₫2,511 (up from ₫431 in 3Q 2023). Revenue: ₫220.7b (up 29% from 3Q 2023). Net income: ₫73.1b (up 483% from 3Q 2023). Profit margin: 33% (up from 7.3% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 20Upcoming dividend of ₫900 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 November 2024. The company last paid an ordinary dividend in December 2013. The average dividend yield among industry peers is 3.2%.お知らせ • Aug 28Tay Ninh Rubber Joint Stock Company Approves Cash Dividend for the 2023, Payable on November 06, 2024On August 27, 2024, the Board of Directors of Tay Ninh Rubber Joint Stock Company approved to pay for the 2023 cash dividend: Record date: September 30, 2024; Exercise ratio: 9%/share (VND900/share); Payment date: November 06, 2024.Reported Earnings • Jul 23Second quarter 2024 earnings released: EPS: ₫438 (vs ₫180 in 2Q 2023)Second quarter 2024 results: EPS: ₫438 (up from ₫180 in 2Q 2023). Revenue: ₫90.5b (up 31% from 2Q 2023). Net income: ₫12.8b (up 144% from 2Q 2023). Profit margin: 14% (up from 7.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • Apr 20First quarter 2024 earnings released: EPS: ₫528 (vs ₫87.00 in 1Q 2023)First quarter 2024 results: EPS: ₫528 (up from ₫87.00 in 1Q 2023). Revenue: ₫145.5b (up 37% from 1Q 2023). Net income: ₫15.4b (up ₫12.8b from 1Q 2023). Profit margin: 11% (up from 2.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Apr 10Tay Ninh Rubber Joint Stock Company, Annual General Meeting, May 31, 2024Tay Ninh Rubber Joint Stock Company, Annual General Meeting, May 31, 2024. Location: No.79, National Route 22B Da Hang hamlet, Hiep Thanh commune, Go Dau district Tay Ninh City Vietnamお知らせ • Apr 05Tay Ninh Rubber Joint Stock Company Announces Resignation of Le Van Chanh as Member of BODsTay Ninh Rubber Joint Stock Company received the resignation letter from Mr. Le Van Chanh as a member of BODs in the term 2022-2027.New Risk • Jan 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (106% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (₫958.2b market cap, or US$39.3m).Reported Earnings • Jan 17Full year 2023 earnings released: EPS: ₫2,404 (vs ₫1,821 in FY 2022)Full year 2023 results: EPS: ₫2,404 (up from ₫1,821 in FY 2022). Revenue: ₫582.1b (up 11% from FY 2022). Net income: ₫70.0b (up 32% from FY 2022). Profit margin: 12% (up from 10% in FY 2022). The increase in margin was driven by higher 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 8% per year, which means it has not declined as severely as earnings.お知らせ • Dec 13Tay Ninh Rubber Joint Stock Company Appoints Nguyen Hong Thai as CEO, Effective from December 22, 2023Tay Ninh Rubber Joint Stock Company appointed Mr. Nguyen Hong Thai as CEO, effective date is December 22, 2023.Term: 2023-2028.Reported Earnings • Oct 19Third quarter 2023 earnings released: EPS: ₫431 (vs ₫421 in 3Q 2022)Third quarter 2023 results: EPS: ₫431 (up from ₫421 in 3Q 2022). Revenue: ₫171.6b (up 38% from 3Q 2022). Net income: ₫12.5b (up 2.3% from 3Q 2022). Profit margin: 7.3% (down from 9.8% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 25% 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.Buying Opportunity • Oct 19Now 21% undervaluedOver the last 90 days, the stock is up 2.8%. The fair value is estimated to be ₫39,155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 25%.New Risk • Jul 31New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 162% Cash payout ratio: 226% Dividend yield: 6.2% 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: 162% Cash payout ratio: 226% Earnings have declined by 18% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (₫891.2b market cap, or US$37.6m).New Risk • Jul 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (226% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (₫865.0b market cap, or US$36.6m).Reported Earnings • Jul 13Second quarter 2023 earnings released: EPS: ₫240 (vs ₫985 in 2Q 2022)Second quarter 2023 results: EPS: ₫240 (down from ₫985 in 2Q 2022). Revenue: ₫69.0b (down 28% from 2Q 2022). Net income: ₫6.99b (down 76% from 2Q 2022). Profit margin: 10% (down from 30% in 2Q 2022). 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 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 14First quarter 2023 earnings released: EPS: ₫87.00 (vs ₫173 in 1Q 2022)First quarter 2023 results: EPS: ₫87.00 (down from ₫173 in 1Q 2022). Revenue: ₫106.4b (down 12% from 1Q 2022). Net income: ₫2.55b (down 50% from 1Q 2022). Profit margin: 2.4% (down from 4.2% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Jan 23Full year 2022 earnings released: EPS: ₫2,481 (vs ₫3,338 in FY 2021)Full year 2022 results: EPS: ₫2,481 (down from ₫3,338 in FY 2021). Revenue: ₫523.5b (up 25% from FY 2021). Net income: ₫72.2b (down 26% from FY 2021). Profit margin: 14% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year.Upcoming Dividend • Dec 12Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 19 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Lower than top quartile of Vietnamese dividend payers (9.2%). In line with average of industry peers (6.2%).Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₫28,000, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 8x in the Chemicals industry in Vietnam. Total loss to shareholders of 22% over the past three years.お知らせ • Dec 01Tay Ninh Rubber Joint Stock Company Approves Cash Dividend for First Phase of the 2022, Payable on March 31, 2023The Board of Directors of Tay Ninh Rubber Joint Stock Company approved to pay for the first phase of the 2022 dividend in cash: Dividend pay-out ratio: 10%/par value (VND1,000/share). Record date: December 19, 2022. Payment date: March 31, 2023.Board Change • Nov 16No independent directorsFollowing 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. Member of Supervisory Board Quan Hong Do 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.Reported Earnings • Oct 16Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: ₫124.8b (up 37% from 3Q 2021). Net income: ₫12.3b (down 62% from 3Q 2021). Profit margin: 9.8% (down from 35% 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 1% per year whereas the company’s share price has fallen by 5% per year.お知らせ • Sep 28Tay Ninh Rubber Joint Stock Company Appoints Do Phu Hong Quan as Member of the Supervisory BoardTay Ninh Rubber Joint Stock Company announced that the company approved the result of election 01 member of the Supervisory Board in the term 2022-2027: Mr. Do Phu Hong Quan.Upcoming Dividend • Sep 12Upcoming dividend of ₫900 per shareEligible shareholders must have bought the stock before 19 September 2022. Payment date: 27 October 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (3.5%).お知らせ • Jul 30Tay Ninh Rubber Joint Stock Company Announces Resignation of Mr. Bui Thanh Tam as Member of Supervisory BoardOn July 27, 2022, Tay Ninh Rubber Joint Stock Company received the Resignation Letter of member of Supervisory Board – Mr. Bui Thanh Tam. Time for this resignation from September 23, 2022.お知らせ • Jul 19Tay Ninh Rubber Joint Stock Company Approves Second Cash Dividend Payment for 2021, Payable on October 27, 2022The Board of Directors of Tay Ninh Rubber Joint Stock Company approved the second cash dividend payment for 2021 as Exercise ratio: 9%/par value (900 dongs/share), payable on October 27, 2022, Record date: September 20, 2022.Reported Earnings • Jul 19Second quarter 2022 earnings released: EPS: ₫990 (vs ₫118 in 2Q 2021)Second quarter 2022 results: EPS: ₫990 (up from ₫118 in 2Q 2021). Revenue: ₫95.6b (up 31% from 2Q 2021). Net income: ₫28.8b (up ₫25.4b from 2Q 2021). Profit margin: 30% (up from 4.7% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • May 25Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 28, 2022Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 28, 2022. Location: 138-142 Hai Ba Trung, Da Kao ward, district 1, Ho-Chi-Minh VietnamBoard Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Chairman Tran Kha was the last director to join the board, commencing their role in 2017. 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 • Jan 23Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: ₫3,038 (down from ₫3,168 in FY 2020). Revenue: ₫417.5b (up 16% from FY 2020). Net income: ₫88.5b (down 4.1% from FY 2020). Profit margin: 21% (down from 26% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.Upcoming Dividend • Dec 08Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 15 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Vietnamese dividend payers (6.3%). Higher than average of industry peers (2.0%).Upcoming Dividend • Nov 01Upcoming dividend of ₫900 per shareEligible shareholders must have bought the stock before 08 November 2021. Payment date: 26 November 2021. Trailing yield: 4.0%. Lower than top quartile of Vietnamese dividend payers (6.0%). Higher than average of industry peers (2.0%).Reported Earnings • Oct 19Third quarter 2021 earnings released: EPS ₫1,105 (vs ₫299 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₫90.8b (down 7.4% from 3Q 2020). Net income: ₫32.2b (up 270% from 3Q 2020). Profit margin: 35% (up from 8.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Reported Earnings • Jul 16Second quarter 2021 earnings released: EPS ₫118 (vs ₫573 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ₫72.7b (up 18% from 2Q 2020). Net income: ₫3.42b (down 80% from 2Q 2020). Profit margin: 4.7% (down from 27% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Mar 15New 90-day high: ₫41,500The company is up 13% from a price of ₫36,800 on 15 December 2020. Outperformed the Vietnamese market which is up 12% over the last 90 days. Lagged the Chemicals industry, which is up 22% over the same period.Reported Earnings • Feb 25Full year 2020 earnings released: EPS ₫3,184 (vs ₫2,845 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₫361.5b (up 8.3% from FY 2019). Net income: ₫92.7b (up 12% from FY 2019). Profit margin: 26% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Jan 12New 90-day high: ₫38,300The company is up 13% from its price of ₫34,000 on 14 October 2020. The Vietnamese market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period.Is New 90 Day High Low • Dec 21New 90-day high: ₫38,200The company is up 10.0% from its price of ₫34,800 on 22 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is up 8.0% over the same period.Upcoming Dividend • Dec 10Upcoming Dividend of ₫1,000 Per ShareWill be paid on the 15th of January to those who are registered shareholders by the 17th of December. The trailing yield of 3.6% is below the top quartile of Vietnamese dividend payers (8.5%), and is lower than industry peers (6.2%).Is New 90 Day High Low • Oct 23New 90-day high: ₫36,000The company is up 19% from its price of ₫30,300 on 24 July 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period.Reported Earnings • Oct 17Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫87.4b, down 18% from the prior year. Total revenue was ₫328.4b over the last 12 months, down 1.8% from the prior year.Is New 90 Day High Low • Sep 25New 90-day high: ₫35,100The company is up 15% from its price of ₫30,650 on 26 June 2020. The Vietnamese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period.お知らせ • Sep 17Tay Ninh Rubber Joint Stock Company Approves Retirement of Nguyen Van Hanh as Deputy Chief Executive Officer, Effective October 01, 2020On July 01, 2020, the BOD of Tay Ninh Rubber Joint Stock Company issued a decision to approve the retirement of Mr. Nguyen Van Hanh as Deputy Chief Executive Officer of the Company from October 01, 2020.業績と収益の成長予測HOSE:TRC - アナリストの将来予測と過去の財務データ ( )VND Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20281,175,400N/AN/A314,100112/31/20271,043,200N/AN/A347,800112/31/2026935,800N/AN/A393,40013/31/2026893,028279,894179,213190,567N/A12/31/2025843,795250,577195,179205,074N/A9/30/2025884,893342,563297,191307,974N/A6/30/2025866,357298,369330,045342,876N/A3/31/2025824,748276,304302,454320,573N/A1/1/2025744,135221,285268,404286,979N/A9/30/2024672,345148,600197,873220,359N/A6/30/2024623,25988,01186,17798,704N/A3/31/2024601,82380,429115,094134,279N/A12/31/2023562,67967,59159,10178,666N/A9/30/2023529,67524,21039,60257,517N/A6/30/2023482,82123,93125,06353,355N/A3/31/2023509,37547,30935,54656,539N/A1/1/2023523,46449,8136,55833,312N/A9/30/2022493,98952,1816,28537,659N/A6/30/2022460,02472,111-73933,869N/A3/31/2022437,15146,632-24,90813,198N/A1/1/2022417,46464,795-15,13221,344N/A9/30/2021414,13877,808-26,55515,844N/A6/30/2021421,36354,314-12,94628,805N/A3/31/2021410,08567,872-11,44430,933N/A1/1/2021361,52264,972-32,20116,530N/A9/30/2020328,35887,903-19,302-287N/A6/30/2020315,98386,967-52,190-21,231N/A3/31/2020315,19099,251-103,162-62,149N/A1/1/2020333,77383,355N/A-38,354N/A9/30/2019334,225107,121N/A8,063N/A6/30/2019342,051106,962N/A22,593N/A3/31/2019343,054112,493N/A13,508N/A12/31/2018353,098119,957N/A40,580N/A9/30/2018368,53780,865N/A12,581N/A6/30/2018403,602101,811N/A36,637N/A3/31/2018400,362121,747N/A20,146N/A12/31/2017405,341116,037N/A26,815N/A9/30/2017422,731120,463N/A83,576N/A6/30/2017371,570109,861N/A52,436N/A3/31/2017383,94695,555N/A119,166N/A12/31/2016350,37269,598N/A89,318N/A9/30/2016319,11663,954N/A111,299N/A6/30/2016334,18256,363N/A44,675N/A3/31/2016329,91046,612N/A41,106N/A1/1/2016362,94754,788N/A60,165N/A9/30/2015402,22169,910N/A-9,303N/A6/30/2015420,04689,523N/A-50,393N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: TRCの予測収益成長が 貯蓄率 ( 3.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: TRCの収益がVN市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: TRCの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: TRCの収益 ( 10.3% ) VN市場 ( 14.7% ) よりも低い成長が予測されています。高い収益成長: TRCの収益 ( 10.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: TRCの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 20:10終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Tay Ninh Rubber Joint Stock Company 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Giang HoangViet Capital Securities Joint Stock CompanyGiao Thi NguyenViet Dragon Securities Corporation
お知らせ • Apr 24Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 30, 2026Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 30, 2026. Location: company office, national highway 22b, da hang hamlet, phuoc thanh, tay ninh province., Vietnam
New Risk • Feb 04New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₫2.36t market cap, or US$89.6m).
Reported Earnings • Oct 23Third quarter 2025 earnings released: EPS: ₫3,911 (vs ₫2,511 in 3Q 2024)Third quarter 2025 results: EPS: ₫3,911 (up from ₫2,511 in 3Q 2024). Revenue: ₫239.3b (up 8.4% from 3Q 2024). Net income: ₫117.3b (up 60% from 3Q 2024). Profit margin: 49% (up from 33% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 23Upcoming dividend of ₫2,500 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 19 December 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Vietnamese dividend payers (7.6%). Lower than average of industry peers (3.4%).
Reported Earnings • Jul 18Second quarter 2025 earnings released: EPS: ₫1.20 (vs ₫440 in 2Q 2024)Second quarter 2025 results: EPS: ₫1.20. Revenue: ₫132.1b (up 46% from 2Q 2024). Net income: ₫34.9b (up 172% from 2Q 2024). Profit margin: 26% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue.
Reported Earnings • Apr 24First quarter 2025 earnings released: EPS: ₫2,417 (vs ₫528 in 1Q 2024)First quarter 2025 results: EPS: ₫2,417 (up from ₫528 in 1Q 2024). Revenue: ₫226.1b (up 55% from 1Q 2024). Net income: ₫70.4b (up 358% from 1Q 2024). Profit margin: 31% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 18Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 10, 2025Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 10, 2025. Location: 79 route 22b, da hang village, hiep thanh commune, go dau district, tay ninh province, Vietnam
New Risk • Apr 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 7.9% 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 (7.9% average weekly change). Minor Risk Market cap is less than US$100m (₫1.85t market cap, or US$72.1m).
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫68,200, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 12x in the Chemicals industry in Vietnam. Total returns to shareholders of 47% over the past three years.
Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫81,000, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 14x in the Chemicals industry in Vietnam. Total returns to shareholders of 90% over the past three years.
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫62,700, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 14x in the Chemicals industry in Vietnam. Total returns to shareholders of 46% over the past three years.
New Risk • Dec 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 4.8% 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 Risk Earnings have declined by 4.1% per year over the past 5 years. 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 (4.8% average weekly change). Market cap is less than US$100m (₫1.55t market cap, or US$60.5m).
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫46,450, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 15x in the Chemicals industry in Vietnam. Total returns to shareholders of 7.1% over the past three years.
Reported Earnings • Oct 12Third quarter 2024 earnings released: EPS: ₫2,511 (vs ₫431 in 3Q 2023)Third quarter 2024 results: EPS: ₫2,511 (up from ₫431 in 3Q 2023). Revenue: ₫220.7b (up 29% from 3Q 2023). Net income: ₫73.1b (up 483% from 3Q 2023). Profit margin: 33% (up from 7.3% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 20Upcoming dividend of ₫900 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 November 2024. The company last paid an ordinary dividend in December 2013. The average dividend yield among industry peers is 3.2%.
お知らせ • Aug 28Tay Ninh Rubber Joint Stock Company Approves Cash Dividend for the 2023, Payable on November 06, 2024On August 27, 2024, the Board of Directors of Tay Ninh Rubber Joint Stock Company approved to pay for the 2023 cash dividend: Record date: September 30, 2024; Exercise ratio: 9%/share (VND900/share); Payment date: November 06, 2024.
Reported Earnings • Jul 23Second quarter 2024 earnings released: EPS: ₫438 (vs ₫180 in 2Q 2023)Second quarter 2024 results: EPS: ₫438 (up from ₫180 in 2Q 2023). Revenue: ₫90.5b (up 31% from 2Q 2023). Net income: ₫12.8b (up 144% from 2Q 2023). Profit margin: 14% (up from 7.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • Apr 20First quarter 2024 earnings released: EPS: ₫528 (vs ₫87.00 in 1Q 2023)First quarter 2024 results: EPS: ₫528 (up from ₫87.00 in 1Q 2023). Revenue: ₫145.5b (up 37% from 1Q 2023). Net income: ₫15.4b (up ₫12.8b from 1Q 2023). Profit margin: 11% (up from 2.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Apr 10Tay Ninh Rubber Joint Stock Company, Annual General Meeting, May 31, 2024Tay Ninh Rubber Joint Stock Company, Annual General Meeting, May 31, 2024. Location: No.79, National Route 22B Da Hang hamlet, Hiep Thanh commune, Go Dau district Tay Ninh City Vietnam
お知らせ • Apr 05Tay Ninh Rubber Joint Stock Company Announces Resignation of Le Van Chanh as Member of BODsTay Ninh Rubber Joint Stock Company received the resignation letter from Mr. Le Van Chanh as a member of BODs in the term 2022-2027.
New Risk • Jan 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (106% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (₫958.2b market cap, or US$39.3m).
Reported Earnings • Jan 17Full year 2023 earnings released: EPS: ₫2,404 (vs ₫1,821 in FY 2022)Full year 2023 results: EPS: ₫2,404 (up from ₫1,821 in FY 2022). Revenue: ₫582.1b (up 11% from FY 2022). Net income: ₫70.0b (up 32% from FY 2022). Profit margin: 12% (up from 10% in FY 2022). The increase in margin was driven by higher 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 8% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 13Tay Ninh Rubber Joint Stock Company Appoints Nguyen Hong Thai as CEO, Effective from December 22, 2023Tay Ninh Rubber Joint Stock Company appointed Mr. Nguyen Hong Thai as CEO, effective date is December 22, 2023.Term: 2023-2028.
Reported Earnings • Oct 19Third quarter 2023 earnings released: EPS: ₫431 (vs ₫421 in 3Q 2022)Third quarter 2023 results: EPS: ₫431 (up from ₫421 in 3Q 2022). Revenue: ₫171.6b (up 38% from 3Q 2022). Net income: ₫12.5b (up 2.3% from 3Q 2022). Profit margin: 7.3% (down from 9.8% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 25% 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.
Buying Opportunity • Oct 19Now 21% undervaluedOver the last 90 days, the stock is up 2.8%. The fair value is estimated to be ₫39,155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 25%.
New Risk • Jul 31New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 162% Cash payout ratio: 226% Dividend yield: 6.2% 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: 162% Cash payout ratio: 226% Earnings have declined by 18% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (₫891.2b market cap, or US$37.6m).
New Risk • Jul 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (226% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (₫865.0b market cap, or US$36.6m).
Reported Earnings • Jul 13Second quarter 2023 earnings released: EPS: ₫240 (vs ₫985 in 2Q 2022)Second quarter 2023 results: EPS: ₫240 (down from ₫985 in 2Q 2022). Revenue: ₫69.0b (down 28% from 2Q 2022). Net income: ₫6.99b (down 76% from 2Q 2022). Profit margin: 10% (down from 30% in 2Q 2022). 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 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 14First quarter 2023 earnings released: EPS: ₫87.00 (vs ₫173 in 1Q 2022)First quarter 2023 results: EPS: ₫87.00 (down from ₫173 in 1Q 2022). Revenue: ₫106.4b (down 12% from 1Q 2022). Net income: ₫2.55b (down 50% from 1Q 2022). Profit margin: 2.4% (down from 4.2% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Jan 23Full year 2022 earnings released: EPS: ₫2,481 (vs ₫3,338 in FY 2021)Full year 2022 results: EPS: ₫2,481 (down from ₫3,338 in FY 2021). Revenue: ₫523.5b (up 25% from FY 2021). Net income: ₫72.2b (down 26% from FY 2021). Profit margin: 14% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year.
Upcoming Dividend • Dec 12Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 19 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Lower than top quartile of Vietnamese dividend payers (9.2%). In line with average of industry peers (6.2%).
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₫28,000, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 8x in the Chemicals industry in Vietnam. Total loss to shareholders of 22% over the past three years.
お知らせ • Dec 01Tay Ninh Rubber Joint Stock Company Approves Cash Dividend for First Phase of the 2022, Payable on March 31, 2023The Board of Directors of Tay Ninh Rubber Joint Stock Company approved to pay for the first phase of the 2022 dividend in cash: Dividend pay-out ratio: 10%/par value (VND1,000/share). Record date: December 19, 2022. Payment date: March 31, 2023.
Board Change • Nov 16No independent directorsFollowing 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. Member of Supervisory Board Quan Hong Do 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.
Reported Earnings • Oct 16Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: ₫124.8b (up 37% from 3Q 2021). Net income: ₫12.3b (down 62% from 3Q 2021). Profit margin: 9.8% (down from 35% 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 1% per year whereas the company’s share price has fallen by 5% per year.
お知らせ • Sep 28Tay Ninh Rubber Joint Stock Company Appoints Do Phu Hong Quan as Member of the Supervisory BoardTay Ninh Rubber Joint Stock Company announced that the company approved the result of election 01 member of the Supervisory Board in the term 2022-2027: Mr. Do Phu Hong Quan.
Upcoming Dividend • Sep 12Upcoming dividend of ₫900 per shareEligible shareholders must have bought the stock before 19 September 2022. Payment date: 27 October 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (3.5%).
お知らせ • Jul 30Tay Ninh Rubber Joint Stock Company Announces Resignation of Mr. Bui Thanh Tam as Member of Supervisory BoardOn July 27, 2022, Tay Ninh Rubber Joint Stock Company received the Resignation Letter of member of Supervisory Board – Mr. Bui Thanh Tam. Time for this resignation from September 23, 2022.
お知らせ • Jul 19Tay Ninh Rubber Joint Stock Company Approves Second Cash Dividend Payment for 2021, Payable on October 27, 2022The Board of Directors of Tay Ninh Rubber Joint Stock Company approved the second cash dividend payment for 2021 as Exercise ratio: 9%/par value (900 dongs/share), payable on October 27, 2022, Record date: September 20, 2022.
Reported Earnings • Jul 19Second quarter 2022 earnings released: EPS: ₫990 (vs ₫118 in 2Q 2021)Second quarter 2022 results: EPS: ₫990 (up from ₫118 in 2Q 2021). Revenue: ₫95.6b (up 31% from 2Q 2021). Net income: ₫28.8b (up ₫25.4b from 2Q 2021). Profit margin: 30% (up from 4.7% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • May 25Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 28, 2022Tay Ninh Rubber Joint Stock Company, Annual General Meeting, Jun 28, 2022. Location: 138-142 Hai Ba Trung, Da Kao ward, district 1, Ho-Chi-Minh Vietnam
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Chairman Tran Kha was the last director to join the board, commencing their role in 2017. 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 • Jan 23Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: ₫3,038 (down from ₫3,168 in FY 2020). Revenue: ₫417.5b (up 16% from FY 2020). Net income: ₫88.5b (down 4.1% from FY 2020). Profit margin: 21% (down from 26% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
Upcoming Dividend • Dec 08Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 15 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Vietnamese dividend payers (6.3%). Higher than average of industry peers (2.0%).
Upcoming Dividend • Nov 01Upcoming dividend of ₫900 per shareEligible shareholders must have bought the stock before 08 November 2021. Payment date: 26 November 2021. Trailing yield: 4.0%. Lower than top quartile of Vietnamese dividend payers (6.0%). Higher than average of industry peers (2.0%).
Reported Earnings • Oct 19Third quarter 2021 earnings released: EPS ₫1,105 (vs ₫299 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₫90.8b (down 7.4% from 3Q 2020). Net income: ₫32.2b (up 270% from 3Q 2020). Profit margin: 35% (up from 8.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Reported Earnings • Jul 16Second quarter 2021 earnings released: EPS ₫118 (vs ₫573 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ₫72.7b (up 18% from 2Q 2020). Net income: ₫3.42b (down 80% from 2Q 2020). Profit margin: 4.7% (down from 27% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Mar 15New 90-day high: ₫41,500The company is up 13% from a price of ₫36,800 on 15 December 2020. Outperformed the Vietnamese market which is up 12% over the last 90 days. Lagged the Chemicals industry, which is up 22% over the same period.
Reported Earnings • Feb 25Full year 2020 earnings released: EPS ₫3,184 (vs ₫2,845 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₫361.5b (up 8.3% from FY 2019). Net income: ₫92.7b (up 12% from FY 2019). Profit margin: 26% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Jan 12New 90-day high: ₫38,300The company is up 13% from its price of ₫34,000 on 14 October 2020. The Vietnamese market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period.
Is New 90 Day High Low • Dec 21New 90-day high: ₫38,200The company is up 10.0% from its price of ₫34,800 on 22 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is up 8.0% over the same period.
Upcoming Dividend • Dec 10Upcoming Dividend of ₫1,000 Per ShareWill be paid on the 15th of January to those who are registered shareholders by the 17th of December. The trailing yield of 3.6% is below the top quartile of Vietnamese dividend payers (8.5%), and is lower than industry peers (6.2%).
Is New 90 Day High Low • Oct 23New 90-day high: ₫36,000The company is up 19% from its price of ₫30,300 on 24 July 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period.
Reported Earnings • Oct 17Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫87.4b, down 18% from the prior year. Total revenue was ₫328.4b over the last 12 months, down 1.8% from the prior year.
Is New 90 Day High Low • Sep 25New 90-day high: ₫35,100The company is up 15% from its price of ₫30,650 on 26 June 2020. The Vietnamese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period.
お知らせ • Sep 17Tay Ninh Rubber Joint Stock Company Approves Retirement of Nguyen Van Hanh as Deputy Chief Executive Officer, Effective October 01, 2020On July 01, 2020, the BOD of Tay Ninh Rubber Joint Stock Company issued a decision to approve the retirement of Mr. Nguyen Van Hanh as Deputy Chief Executive Officer of the Company from October 01, 2020.