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BMP

Binh Minh Plastics HOSE:BMP Stock Report

Last Price

₫62.90k

Market Cap

₫5.1t

7D

5.0%

1Y

10.7%

Updated

06 Aug, 2022

Data

Company Financials +
BMP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance1/6
Financial Health6/6
Dividends3/6

BMP Stock Overview

Binh Minh Plastics Joint Stock Company primarily manufactures and trades in plastic pipes and fittings in Vietnam.

Binh Minh Plastics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Binh Minh Plastics
Historical stock prices
Current Share Price₫62,900.00
52 Week High₫65,700.00
52 Week Low₫49,200.00
Beta0.41
1 Month Change10.55%
3 Month Change7.52%
1 Year Change10.74%
3 Year Change21.20%
5 Year Change-20.18%
Change since IPO40.18%

Recent News & Updates

Shareholder Returns

BMPVN BuildingVN Market
7D5.0%-1.9%3.7%
1Y10.7%44.9%-7.0%

Return vs Industry: BMP underperformed the VN Building industry which returned 44.3% over the past year.

Return vs Market: BMP exceeded the VN Market which returned -7.1% over the past year.

Price Volatility

Is BMP's price volatile compared to industry and market?
BMP volatility
BMP Average Weekly Movement4.1%
Building Industry Average Movement4.8%
Market Average Movement7.4%
10% most volatile stocks in VN Market10.0%
10% least volatile stocks in VN Market4.2%

Stable Share Price: BMP is less volatile than 75% of VN stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
19771,382Chaowalit Treejakhttps://www.binhminhplastic.com.vn

Binh Minh Plastics Joint Stock Company primarily manufactures and trades in plastic pipes and fittings in Vietnam. Its products include uPVC pipes and fittings, rubber seals, solvent cements, HDPE corrugated pipes, HDPE corrugated fittings and rubber, PP-R pipes and fittings, sprayers, and protect helmets. The company also designs, manufactures, and trades in molds for the plastic and casting industry; manufactures and trades in machinery and equipment, supplies, and sanitary equipment for the construction and interior decoration industry.

Binh Minh Plastics Fundamentals Summary

How do Binh Minh Plastics's earnings and revenue compare to its market cap?
BMP fundamental statistics
Market Cap₫5.15t
Earnings (TTM)₫361.28b
Revenue (TTM)₫4.85t

14.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BMP income statement (TTM)
Revenue₫4.85t
Cost of Revenue₫3.83t
Gross Profit₫1.02t
Other Expenses₫659.44b
Earnings₫361.28b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.41k
Gross Margin21.04%
Net Profit Margin7.45%
Debt/Equity Ratio2.2%

How did BMP perform over the long term?

See historical performance and comparison

Dividends

7.5%

Current Dividend Yield

62%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BMP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BMP?

Other financial metrics that can be useful for relative valuation.

BMP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA5.9x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does BMP's PE Ratio compare to its peers?

BMP PE Ratio vs Peers
The above table shows the PE ratio for BMP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.9x
NTP Tien Phong Plastic
11xn/a₫5.3t
VGC Viglacera
13.5xn/a₫26.3t
DAG Dong A Plastic Group
26xn/a₫409.8b
TTC Thanh Thanh
9.1xn/a₫82.6b
BMP Binh Minh Plastics
14.3x15.2%₫5.1t

Price-To-Earnings vs Peers: BMP is good value based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (14.9x).


Price to Earnings Ratio vs Industry

How does BMP's PE Ratio compare vs other companies in the Asian Building Industry?

Price-To-Earnings vs Industry: BMP is expensive based on its Price-To-Earnings Ratio (14.3x) compared to the VN Building industry average (13.5x)


Price to Earnings Ratio vs Fair Ratio

What is BMP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BMP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.3x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: BMP is expensive based on its Price-To-Earnings Ratio (14.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).


Share Price vs Fair Value

What is the Fair Price of BMP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BMP (₫62900) is trading above our estimate of fair value (₫56387.29)

Significantly Below Fair Value: BMP is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Binh Minh Plastics forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BMP's forecast earnings growth (15.2% per year) is above the savings rate (3.7%).

Earnings vs Market: BMP's earnings (15.2% per year) are forecast to grow slower than the VN market (19.4% per year).

High Growth Earnings: BMP's earnings are forecast to grow, but not significantly.

Revenue vs Market: BMP's revenue (7.1% per year) is forecast to grow slower than the VN market (17.2% per year).

High Growth Revenue: BMP's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BMP's Return on Equity is forecast to be high in 3 years time (20.3%)


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Past Performance

How has Binh Minh Plastics performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-4.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BMP has high quality earnings.

Growing Profit Margin: BMP's current net profit margins (7.4%) are lower than last year (7.8%).


Past Earnings Growth Analysis

Earnings Trend: BMP's earnings have declined by 4.1% per year over the past 5 years.

Accelerating Growth: BMP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BMP had negative earnings growth (-7.3%) over the past year, making it difficult to compare to the Building industry average (11.2%).


Return on Equity

High ROE: BMP's Return on Equity (14.7%) is considered low.


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Financial Health

How is Binh Minh Plastics's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BMP's short term assets (₫2,166.2B) exceed its short term liabilities (₫468.1B).

Long Term Liabilities: BMP's short term assets (₫2,166.2B) exceed its long term liabilities (₫21.6B).


Debt to Equity History and Analysis

Debt Level: BMP has more cash than its total debt.

Reducing Debt: BMP's debt to equity ratio has reduced from 2.6% to 2.2% over the past 5 years.

Debt Coverage: BMP's debt is well covered by operating cash flow (575.8%).

Interest Coverage: BMP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Binh Minh Plastics's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.52%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BMP's dividend (7.52%) is higher than the bottom 25% of dividend payers in the VN market (2.8%).

High Dividend: BMP's dividend (7.52%) is in the top 25% of dividend payers in the VN market (7.47%)


Stability and Growth of Payments

Stable Dividend: BMP has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BMP's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (61.9%), BMP's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (251.7%), BMP's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

5.6yrs

Average management tenure


CEO

Chaowalit Treejak

1.08yrs

Tenure

₫1,072,683,815

Compensation

Mr. Chaowalit Treejak is General Director & Member of Management Board of Binh Minh Plastics Joint Stock Company from August 01, 2022. He was Deputy General Director & Member of Management Board of Binh Mi...


Leadership Team

Experienced Management: BMP's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: BMP's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Binh Minh Plastics Joint Stock Company's employee growth, exchange listings and data sources


Key Information

  • Name: Binh Minh Plastics Joint Stock Company
  • Ticker: BMP
  • Exchange: HOSE
  • Founded: 1977
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: ₫5.149t
  • Shares outstanding: 81.86m
  • Website: https://www.binhminhplastic.com.vn

Number of Employees


Location

  • Binh Minh Plastics Joint Stock Company
  • 240 Hau Giang Street
  • Ward 9
  • Ho Chi Minh City
  • Vietnam

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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 here.