Reported Earnings • May 18
First quarter 2026 earnings released: EPS: ₫29.00 (vs ₫32.85 in 1Q 2025) First quarter 2026 results: EPS: ₫29.00 (down from ₫32.85 in 1Q 2025). Revenue: ₫1.21t (up 22% from 1Q 2025). Net income: ₫2.36b (down 11% from 1Q 2025). Profit margin: 0.2% (down from 0.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 27
Petrovietnam Chemical and Services Corporation, Annual General Meeting, Apr 23, 2026 Petrovietnam Chemical and Services Corporation, Annual General Meeting, Apr 23, 2026, at 08:30 SE Asia Standard Time. Location: phu my fertilizer plant, phu my industrial zone no 1 phu my ward, ho chi minh city, Vietnam Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: ₫387 (vs ₫17.97 in FY 2024) Full year 2025 results: EPS: ₫387 (up from ₫17.97 in FY 2024). Revenue: ₫5.13t (up 73% from FY 2024). Net income: ₫32.5b (up ₫31.0b from FY 2024). Profit margin: 0.6% (up from 0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫15,600, the stock trades at a trailing P/E ratio of 70x. Average trailing P/E is 20x in the Energy Services industry in Vietnam. Total returns to shareholders of 36% over the past three years. New Risk • Feb 10
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 8.0% 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 Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (39% accrual ratio). Minor Risk Market cap is less than US$100m (₫1.06t market cap, or US$41.2m). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫15,800, the stock trades at a trailing P/E ratio of 70.8x. Average trailing P/E is 21x in the Energy Services industry in Vietnam. Total returns to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫14,700, the stock trades at a trailing P/E ratio of 65.9x. Average trailing P/E is 19x in the Energy Services industry in Vietnam. Total returns to shareholders of 34% over the past three years. New Risk • Jan 06
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 6.1% 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 High level of non-cash earnings (39% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (₫998.7b market cap, or US$38.0m). Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: ₫108 (vs ₫24.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₫108 (up from ₫24.00 loss in 3Q 2024). Revenue: ₫1.51t (up 102% from 3Q 2024). Net income: ₫9.06b (up ₫10.6b from 3Q 2024). Profit margin: 0.6% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Aug 22
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 7.4% 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 (7.4% average weekly change). Minor Risk Market cap is less than US$100m (₫909.4b market cap, or US$34.6m). New Risk • Jun 16
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 8.6% 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 (8.6% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (₫982.5b market cap, or US$37.3m). Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: ₫17.00 (vs ₫1.00 in 1Q 2024) First quarter 2025 results: EPS: ₫17.00 (up from ₫1.00 in 1Q 2024). Revenue: ₫992.7b (up 150% from 1Q 2024). Net income: ₫2.67b (up ₫2.62b from 1Q 2024). Profit margin: 0.3% (up from 0% in 1Q 2024). The increase in margin was 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 fallen by 19% per year, which means it is performing significantly worse than earnings. New Risk • Apr 09
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 6.1% 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: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (0.1% net profit margin). Market cap is less than US$100m (₫600.8b market cap, or US$22.8m). Announcement • Apr 04
Petrovietnam Chemical and Services Corporation, Annual General Meeting, Apr 22, 2025 Petrovietnam Chemical and Services Corporation, Annual General Meeting, Apr 22, 2025, at 08:30 SE Asia Standard Time. Location: 12th floor, petroleum institute building, 167 trung kinh, yen hoa ward, cau giay district, Vietnam Reported Earnings • Jan 27
Full year 2024 earnings released: EPS: ₫18.00 (vs ₫250 in FY 2023) Full year 2024 results: EPS: ₫18.00 (down from ₫250 in FY 2023). Revenue: ₫2.96t (down 8.0% from FY 2023). Net income: ₫3.27b (down 80% from FY 2023). Profit margin: 0.1% (down from 0.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₫820.1b market cap, or US$32.0m). Reported Earnings • Oct 30
Third quarter 2024 earnings released: ₫18.50 loss per share (vs ₫238 profit in 3Q 2023) Third quarter 2024 results: ₫18.50 loss per share (down from ₫238 profit in 3Q 2023). Revenue: ₫749.8b (down 11% from 3Q 2023). Net loss: ₫1.50b (down 112% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 24
Upcoming dividend of ₫60.00 per share Eligible shareholders must have bought the stock before 01 October 2024. Payment date: 24 October 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Vietnamese dividend payers (8.2%). Lower than average of industry peers (2.8%). Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: ₫19.00 (vs ₫0.44 in 2Q 2023) Second quarter 2024 results: EPS: ₫19.00 (up from ₫0.44 in 2Q 2023). Revenue: ₫808.0b (up 14% from 2Q 2023). Net income: ₫1.54b (up ₫1.52b from 2Q 2023). Profit margin: 0.2% (up from 0% 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 75% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: ₫1.00 (vs ₫133 in 1Q 2023) First quarter 2024 results: EPS: ₫1.00 (down from ₫133 in 1Q 2023). Revenue: ₫397.8b (down 40% from 1Q 2023). Net income: ₫50.6m (down 99% from 1Q 2023). Profit margin: 0% (down from 1.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 28
Full year 2023 earnings released: EPS: ₫305 (vs ₫150 in FY 2022) Full year 2023 results: EPS: ₫305 (up from ₫150 in FY 2022). Revenue: ₫3.22t (up 9.8% from FY 2022). Net income: ₫20.5b (up 127% from FY 2022). Profit margin: 0.6% (up from 0.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 02
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₫846.4b (up 28% from 3Q 2022). Net income: ₫12.9b (up ₫12.0b from 3Q 2022). Profit margin: 1.5% (up from 0.1% in 3Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₫14,000, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 17x in the Energy Services industry in Asia. Total returns to shareholders of 150% over the past three years. New Risk • Oct 18
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 7.5% 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: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₫855.0b market cap, or US$34.9m). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫16,500, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 17x in the Energy Services industry in Asia. Total returns to shareholders of 212% over the past three years. New Risk • Aug 02
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₫955.0b market cap, or US$40.3m). Upcoming Dividend • Nov 30
Upcoming dividend of ₫230 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 22 December 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.8%. Lower than top quartile of Vietnamese dividend payers (9.3%). Lower than average of industry peers (2.2%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Member of Supervisory Board Nguyen Tram was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: ₫6.00 (vs ₫28.00 in 3Q 2021) Third quarter 2022 results: EPS: ₫6.00 (down from ₫28.00 in 3Q 2021). Revenue: ₫663.8b (down 10% from 3Q 2021). Net income: ₫954.3m (down 49% from 3Q 2021). Profit margin: 0.1% (down from 0.3% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: ₫90.00 (vs ₫0.59 in 2Q 2021) Second quarter 2022 results: EPS: ₫90.00 (up from ₫0.59 in 2Q 2021). Revenue: ₫866.7b (up 32% from 2Q 2021). Net income: ₫3.70b (up ₫3.48b from 2Q 2021). Profit margin: 0.4% (up from 0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Reported Earnings • May 02
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: ₫104 loss per share (down from ₫1.00 profit in 1Q 2021). Revenue: ₫478.2b (up 58% from 1Q 2021). Net loss: ₫3.15b (down ₫3.20b from profit in 1Q 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Member of Supervisory Board Nguyen Tram was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 02
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ₫105 (up from ₫8.10 in FY 2020). Revenue: ₫2.78t (up 27% from FY 2020). Net income: ₫6.99b (up ₫6.61b from FY 2020). Profit margin: 0.3% (up from 0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 38%. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 29
Upcoming dividend of ₫450 per share Eligible shareholders must have bought the stock before 06 December 2021. Payment date: 24 December 2021. Trailing yield: 3.5%. Lower than top quartile of Vietnamese dividend payers (5.9%). Higher than average of industry peers (1.8%). Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS ₫28.00 (vs ₫55.00 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₫739.2b (up 34% from 3Q 2020). Net income: ₫1.86b (down 52% from 3Q 2020). Profit margin: 0.3% (down from 0.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 22% per year. Is New 90 Day High Low • Mar 05
New 90-day high: ₫10,400 The company is up 65% from its price of ₫6,300 on 04 December 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 59% over the same period. Reported Earnings • Feb 04
Full year 2020 earnings released: EPS ₫85.00 (vs ₫380 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫2.17t (down 4.3% from FY 2019). Net income: ₫9.04b (down 52% from FY 2019). Profit margin: 0.4% (down from 0.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₫7,000, the stock is trading at a trailing P/E ratio of 61x, down from the previous P/E ratio of 74x. This compares to an average P/E of 11x in the Energy Services industry in Vietnam. Total return to shareholders over the past three years is a loss of 28%. Is New 90 Day High Low • Jan 04
New 90-day high: ₫8,400 The company is up 35% from its price of ₫6,200 on 06 October 2020. The Vietnamese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 23% over the same period. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 15% share price gain to ₫8,200, the stock is trading at a trailing P/E ratio of 71.4x, up from the previous P/E ratio of 61.9x. This compares to an average P/E of 12x in the Energy Services industry in Vietnam. Total return to shareholders over the past three years is a loss of 25%. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 15% share price gain to ₫8,200, the stock is trading at a trailing P/E ratio of 71.4x, up from the previous P/E ratio of 61.9x. This compares to an average P/E of 12x in the Energy Services industry in Vietnam. Total return to shareholders over the past three years is a loss of 20%. Is New 90 Day High Low • Dec 16
New 90-day high: ₫6,800 The company is up 15% from its price of ₫5,900 on 17 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: ₫6,300 The company is up 17% from its price of ₫5,400 on 14 August 2020. The Vietnamese market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 23% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫7.59b, down 72% from the prior year. Total revenue was ₫2.08t over the last 12 months, down 13% from the prior year. Is New 90 Day High Low • Oct 05
New 90-day high: ₫6,200 The company is up 9.0% from its price of ₫5,700 on 07 July 2020. The Vietnamese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 15% over the same period. 
