VNM19 Stock Overview

Provides milk and dairy products in Vietnam and internationally. More details

VNM19 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	2/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 27.7% below our estimate of its fair value

Earnings are forecast to grow 11.24% per year

Risk Analysis

Dividend of 6.85% is not well covered by earnings or free cash flows

Community vs My Fair Value

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Vietnam Dairy Products Joint Stock Company Competitors

Charoen Pokphand Foods

SET:CPF

฿218.4b

Thai President Foods

SET:TFMAMA

฿65.6b

Betagro

SET:BTG

฿46.4b

Thai Union Group

SET:TU

฿41.5b

Price History & Performance

Summary of share price highs, lows and changes for Vietnam Dairy Products
Historical stock prices
Current Share Price	₫7.65
52 Week High	₫9.40
52 Week Low	₫7.10
Beta	0.27
1 Month Change	-1.29%
3 Month Change	-7.83%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-17.74%

Recent updates

Shareholder Returns

	VNM19	TH Food	TH Market
7D	2.0%	0.03%	-0.3%
1Y	n/a	-14.1%	-13.6%

Return vs Industry: Insufficient data to determine how VNM19 performed against the TH Food industry.

Return vs Market: Insufficient data to determine how VNM19 performed against the TH Market.

Price Volatility

Is VNM19's price volatile compared to industry and market?
VNM19 volatility
VNM19 Average Weekly Movement	3.8%
Food Industry Average Movement	5.4%
Market Average Movement	6.0%
10% most volatile stocks in TH Market	11.8%
10% least volatile stocks in TH Market	2.9%

Stable Share Price: VNM19 has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: VNM19's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1976	9,926	Lien Mai	www.vinamilk.com.vn

Vietnam Dairy Products Joint Stock Company provides milk and dairy products in Vietnam and internationally. The company processes, manufactures, and distributes milk cake, soya and fresh milk, refreshment drinks, bottled and powdered milk, nutritious powder, and other milk products; and products for pregnant and infant, baby food, spoon yogurt, yoghurt and juicy milk drink, condensed and plant-based milk, ice cream, sugar, and cheese products, as well as nutritional products for adult. It is also involved in trading of food technology, spare parts, equipment, materials, and chemicals; trading in real estate properties, warehouses, and yards; owning or leasing land use rights; provision of internal transportation by cars for manufacturing and consuming company’s products; manufacture, sale, and distribution of beverages, grocery and processing food, and roasted-ground-filtered and instant coffee; and manufacture and sale of plastic packaging products.

Vietnam Dairy Products Joint Stock Company Fundamentals Summary

How do Vietnam Dairy Products's earnings and revenue compare to its market cap?
VNM19 fundamental statistics
Market cap	฿150.28b
Earnings (TTM)	฿10.03b
Revenue (TTM)	฿77.54b

15.0x

P/E Ratio

1.9x

P/S Ratio

Is VNM19 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VNM19 income statement (TTM)
Revenue	₫60.60t
Cost of Revenue	₫35.72t
Gross Profit	₫24.89t
Other Expenses	₫17.05t
Earnings	₫7.84t

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	3.75k
Gross Margin	41.07%
Net Profit Margin	12.94%
Debt/Equity Ratio	27.1%

How did VNM19 perform over the long term?

See historical performance and comparison

Dividends

6.9%

Current Dividend Yield

103%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/14 04:30
End of Day Share Price	2025/05/14 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vietnam Dairy Products Joint Stock Company is covered by 17 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Dzung Luong	Bao Viet Securities Joint Stock Company
Chau Thi Pham	BIDV Securities Joint Stock Company
Paul Robert Dewberry	BofA Global Research

Vietnam Dairy Products SET:VNM19 Stock Report