Declared Dividend • May 09
Dividend of ₫1,700 announced Shareholders will receive a dividend of ₫1,700. Ex-date: 20th May 2026 Payment date: 8th June 2026 Dividend yield will be 5.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Apr 19
First quarter 2026 earnings released: EPS: ₫556 (vs ₫543 in 1Q 2025) First quarter 2026 results: EPS: ₫556. Revenue: ₫838.2b (up 27% from 1Q 2025). Net income: ₫40.0b (flat on 1Q 2025). Profit margin: 4.8% (down from 6.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Announcement • Mar 05
Lix Detergent Joint Stock Company, Annual General Meeting, Apr 24, 2026 Lix Detergent Joint Stock Company, Annual General Meeting, Apr 24, 2026. Location: lix detergent jsc, no 3 street no 2, quarter 28, linh xuan ward, ho chi minh Vietnam New Risk • Mar 02
New major risk - Revenue and earnings growth Earnings have declined by 0.05% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.05% 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. Market cap is less than US$100m (₫2.46t market cap, or US$93.6m). Reported Earnings • Oct 21
Third quarter 2025 earnings released: EPS: ₫628 (vs ₫692 in 3Q 2024) Third quarter 2025 results: EPS: ₫628 (down from ₫692 in 3Q 2024). Revenue: ₫780.6b (up 8.8% from 3Q 2024). Net income: ₫45.5b (down 8.3% from 3Q 2024). Profit margin: 5.8% (down from 6.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Jul 18
Second quarter 2025 earnings released: EPS: ₫774 (vs ₫635 in 2Q 2024) Second quarter 2025 results: EPS: ₫774 (up from ₫635 in 2Q 2024). Revenue: ₫718.6b (down 1.1% from 2Q 2024). Net income: ₫55.0b (up 20% from 2Q 2024). Profit margin: 7.6% (up from 6.3% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • May 12
Upcoming dividend of ₫1,200 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 05 June 2025. Trailing yield: 5.0%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫26,000, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 17x in the Household Products industry in Asia. Total returns to shareholders of 26% over the past three years. Announcement • Mar 29
Lix Detergent Joint Stock Company Announces Resignation of Ha Phuoc Du from the Board of Directors Lix Detergent Joint Stock Company Announced the Resignation of Mr. Ha Phuoc Du from the Board of Directors. Announcement • Mar 06
Lix Detergent Joint Stock Company, Annual General Meeting, Apr 25, 2025 Lix Detergent Joint Stock Company, Annual General Meeting, Apr 25, 2025. Location: no 3 street no. 2, quarter 1, linh trung ward, hu due city, ho chi minh Vietnam Reported Earnings • Jan 23
Full year 2024 earnings released: EPS: ₫2,793 (vs ₫2,634 in FY 2023) Full year 2024 results: EPS: ₫2,793 (up from ₫2,634 in FY 2023). Revenue: ₫2.88t (up 2.7% from FY 2023). Net income: ₫201.5b (up 18% from FY 2023). Profit margin: 7.0% (up from 6.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Dec 17
Lix Detergent Joint Stock Company Approves Plan for 2024 Cash Dividend Payment, Payable on January 14, 2025 Lix Detergent Joint Stock Company announced on December 13, 2024, the BOD of the company approved the record date for 2024 cash dividend payment as follow: Record date is December 27, 2024, Exercise ratio is 5%/share (VND 500/share) and Payment date is January 14, 2025. Declared Dividend • Dec 16
Dividend of ₫500 announced Shareholders will receive a dividend of ₫500. Ex-date: 26th December 2024 Payment date: 14th January 2025 Dividend yield will be 7.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Oct 16
New major risk - Revenue and earnings growth Earnings have declined by 0.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.7% 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. Market cap is less than US$100m (₫2.20t market cap, or US$88.1m). Announcement • Jul 31
Lix Detergent Joint Stock Company Announces Receiving Decision from the Court On July 29, 2024, Lix Detergent Joint Stock Company received Decision No. 154/2024/Q-BPKCTT dated July 24, 2024 from the People's Court of Ho Chi Minh city regarding the cancellation of the temporary emergency measure. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: ₫1,268 (vs ₫667 in 2Q 2023) Second quarter 2024 results: EPS: ₫1,268. Revenue: ₫726.4b (up 7.0% from 2Q 2023). Net income: ₫45.9b (down 3.8% from 2Q 2023). Profit margin: 6.3% (down from 7.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Declared Dividend • Jun 08
Dividend of ₫2,000 announced Shareholders will receive a dividend of ₫2,000. Ex-date: 20th June 2024 Payment date: 3rd July 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: ₫1,211 (vs ₫1,229 in 1Q 2023) First quarter 2024 results: EPS: ₫1,211 (down from ₫1,229 in 1Q 2023). Revenue: ₫729.5b (up 7.6% from 1Q 2023). Net income: ₫44.0b (flat on 1Q 2023). Profit margin: 6.0% (down from 6.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Announcement • Mar 06
Lix Detergent Joint Stock Company, Annual General Meeting, Apr 26, 2024 Lix Detergent Joint Stock Company, Annual General Meeting, Apr 26, 2024. Location: No.3 Street No.2, area 4, Linh Trung ward, Thu Duc, HCMC Ho Chi Minh City Vietnam Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫59,800, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 23x in the Household Products industry in Asia. Total returns to shareholders of 40% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₫1,000 per share at 6.0% yield Eligible shareholders must have bought the stock before 29 December 2023. Payment date: 18 January 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Vietnamese dividend payers (8.8%). Higher than average of industry peers (2.1%). Upcoming Dividend • Dec 14
Upcoming dividend of ₫1,000 per share at 6.9% yield Eligible shareholders must have bought the stock before 21 December 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 6.9%. Lower than top quartile of Vietnamese dividend payers (9.0%). Higher than average of industry peers (2.1%). Announcement • Dec 12
Lix Detergent Joint Stock Company Declares Cash Dividend for 2023, Payable on January 05, 2024 The Board resolution dated December 07, 2023, the Board of Directors of Lix Detergent Joint Stock Company approved to pay for 1st cash dividend in 2023 as follows: Exercise ratio: 10% (VND 1,000/share); Record date: December 22, 2023; Payment date: January 05, 2024. Reported Earnings • Jul 19
Second quarter 2023 earnings released: EPS: ₫1,333 (vs ₫2,010 in 2Q 2022) Second quarter 2023 results: EPS: ₫1,333 (down from ₫2,010 in 2Q 2022). Revenue: ₫679.0b (down 3.2% from 2Q 2022). Net income: ₫47.7b (down 32% from 2Q 2022). Profit margin: 7.0% (down from 9.9% in 2Q 2022). 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 6% per year. Upcoming Dividend • Jun 08
Upcoming dividend of ₫2,000 per share at 9.9% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 9.9%. Within top quartile of Vietnamese dividend payers (8.5%). Higher than average of industry peers (1.9%). Announcement • Jun 07
Lix Detergent Joint Stock Company Declares Dividend for the Last Phase of 2022, Payable on June 28, 2023 Lix Detergent Joint Stock Company declares dividend of VND 2,000, payable on June 28, 2023. Record date: June 16, 2023. Reported Earnings • Apr 20
First quarter 2023 earnings released: EPS: ₫1,229 (vs ₫1,222 in 1Q 2022) First quarter 2023 results: EPS: ₫1,229 (up from ₫1,222 in 1Q 2022). Revenue: ₫677.8b (up 2.8% from 1Q 2022). Net income: ₫44.3b (flat on 1Q 2022). Profit margin: 6.5% (down from 6.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buying Opportunity • Feb 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.8%. The fair value is estimated to be ₫50,539, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Jan 23
Full year 2022 earnings released: EPS: ₫5,913 (vs ₫4,640 in FY 2021) Full year 2022 results: EPS: ₫5,913 (up from ₫4,640 in FY 2021). Revenue: ₫2.82t (up 7.7% from FY 2021). Net income: ₫213.2b (up 42% from FY 2021). Profit margin: 7.6% (up from 5.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Jan 03
Upcoming dividend of ₫1,500 per share Eligible shareholders must have bought the stock before 10 January 2023. Payment date: 14 February 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 9.7%. Within top quartile of Vietnamese dividend payers (9.5%). Higher than average of industry peers (1.9%). Announcement • Dec 29
Lix Detergent Joint Stock Company Announces Cash Dividend for 2022, Payable on February 14, 2023 Lix Detergent Joint Stock Company to pay cash dividend for 2022 of VND 15,00 per share, payable on February 14, 2023. Record date is January 11, 2023. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Member of Control Board Huyen Pham was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 02
Lix Detergent Joint Stock Company Provides Revenue Guidance for the Fourth Quarter 2022 Lix Detergent Joint Stock Company provided revenue guidance for the fourth quarter 2022. for the quarter, the company expects revenue of VND 730 Billion. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: ₫1,497 (vs ₫517 in 3Q 2021) Third quarter 2022 results: EPS: ₫1,497 (up from ₫517 in 3Q 2021). Revenue: ₫729.6b (up 32% from 3Q 2021). Net income: ₫53.0b (up 163% from 3Q 2021). Profit margin: 7.3% (up from 3.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Jul 21
Second quarter 2022 earnings released: EPS: ₫2,010 (vs ₫1,108 in 2Q 2021) Second quarter 2022 results: EPS: ₫2,010 (up from ₫1,108 in 2Q 2021). Revenue: ₫701.7b (up 6.9% from 2Q 2021). Net income: ₫69.6b (up 74% from 2Q 2021). Profit margin: 9.9% (up from 6.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Jun 16
Upcoming dividend of ₫3,000 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 06 July 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 8.5%. Within top quartile of Vietnamese dividend payers (7.7%). Higher than average of industry peers (2.2%). Announcement • Jun 13
Lix Detergent Joint Stock Company to Pay Cash Dividend for 2021, Payable on July 6, 2022 Lix Detergent Joint Stock Company to pay cash dividend for 2021 of VND 3,000 per share, payable on July 6, 2022. Record date is June 24, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Member of Control Board Huyen Pham was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 23
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: ₫4,632 (down from ₫6,381 in FY 2020). Revenue: ₫2.61t (down 10.0% from FY 2020). Net income: ₫167.1b (down 19% from FY 2020). Profit margin: 6.4% (down from 7.1% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.9%. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Oct 20
Third quarter 2021 earnings released: EPS ₫517 (vs ₫1,336 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫550.9b (down 15% from 3Q 2020). Net income: ₫20.2b (down 58% from 3Q 2020). Profit margin: 3.7% (down from 7.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS ₫1,108 (vs ₫1,338 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫656.6b (down 4.7% from 2Q 2020). Net income: ₫40.0b (down 17% from 2Q 2020). Profit margin: 6.1% (down from 7.0% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Upcoming Dividend • Jun 11
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 16 June 2021. Payment date: 30 June 2021. Trailing yield: 7.0%. Lower than top quartile of Vietnamese dividend payers (7.8%). Higher than average of industry peers (1.5%). Is New 90 Day High Low • Feb 25
New 90-day high: ₫56,600 The company is up 4.0% from its price of ₫54,500 on 27 November 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Household Products industry, which is down 9.0% over the same period. Reported Earnings • Feb 24
Full year 2020 earnings released: EPS ₫6,381 (vs ₫4,957 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫2.90t (up 15% from FY 2019). Net income: ₫206.7b (up 29% from FY 2019). Profit margin: 7.1% (up from 6.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 27
New 90-day low: ₫51,600 The company is down 8.0% from its price of ₫56,000 on 29 October 2020. The Vietnamese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Household Products industry, which is down 2.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: ₫53,400 The company is down 8.0% from its price of ₫58,000 on 13 October 2020. The Vietnamese market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Household Products industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: ₫53,800 The company is down 5.0% from its price of ₫56,800 on 15 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Household Products industry, which is down 1.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: ₫54,800 The company is down 2.0% from its price of ₫56,200 on 27 August 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Household Products industry, which is up 1.0% over the same period. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫188.8b, up 24% from the prior year. Total revenue was ₫2.89t over the last 12 months, up 19% from the prior year. Is New 90 Day High Low • Oct 06
New 90-day high: ₫61,000 The company is up 4.0% from its price of ₫58,500 on 08 July 2020. The Vietnamese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Household Products industry, which is down 1.0% over the same period.