Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫32,650, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Chemicals industry in Vietnam. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫29,230 per share. Reported Earnings • Jul 31
Second quarter 2026 earnings released: EPS: ₫572 (vs ₫369 in 2Q 2025) Second quarter 2026 results: EPS: ₫572 (up from ₫369 in 2Q 2025). Revenue: ₫7.10t (up 30% from 2Q 2025). Net income: ₫2.29t (up 48% from 2Q 2025). Profit margin: 32% (up from 28% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Chemicals industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jul 22
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₫33t to ₫33t. EPS estimate also fell from ₫2,280 per share to ₫1,710 per share. Net income forecast to grow 16% next year vs 36% growth forecast for Chemicals industry in Vietnam. Consensus price target broadly unchanged at ₫36,800. Share price fell 9.8% to ₫27,150 over the past week. Buy Or Sell Opportunity • Jun 10
Now 22% overvalued Over the last 90 days, the stock has fallen 5.2% to ₫33,950. The fair value is estimated to be ₫27,857, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 3.1% in a year. Earnings are forecast to grow by 19% in the next year. New Risk • Jun 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Announcement • Apr 09
Vietnam Rubber Group - Joint Stock Company, Annual General Meeting, Jun 17, 2026 Vietnam Rubber Group - Joint Stock Company, Annual General Meeting, Jun 17, 2026. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫33,100, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 10x in the Chemicals industry in Vietnam. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫26,237 per share. Buy Or Sell Opportunity • Mar 27
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to ₫32,100. The fair value is estimated to be ₫26,203, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 2.7% in 2 years. Earnings are forecast to grow by 6.3% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫35,650, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Chemicals industry in Vietnam. Total returns to shareholders of 144% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫26,104 per share. New Risk • Feb 26
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 7.7% 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 (7.7% average weekly change). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫42,200, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Chemicals industry in Vietnam. Total returns to shareholders of 205% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫25,461 per share. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₫35,950, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 13x in the Chemicals industry in Vietnam. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫25,638 per share. New Risk • Jan 17
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 6.0% 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 Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change). Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₫31,600, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Chemicals industry in Vietnam. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫24,143 per share. Buy Or Sell Opportunity • Jan 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.2% to ₫29,450. The fair value is estimated to be ₫24,121, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has grown by 106%. Revenue is forecast to grow by 2.7% in 2 years. Earnings are forecast to grow by 6.3% in the next 2 years. New Risk • Dec 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). New Risk • Dec 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Declared Dividend • Oct 30
Dividend increased to ₫400 Dividend of ₫400 is 33% higher than last year. Ex-date: 13th November 2025 Payment date: 12th December 2025 Dividend yield will be 1.4%, which is lower than the industry average of 5.2%. Sustainability & Growth Announcement • Oct 20
Vietnam Rubber Group - Joint Stock Company Announces Change in the 6th Certificate of Enterprise Registration Viet Nam Rubber Group - Joint Stock Company announced the change of the 6th Certificate of Enterprise Registration dated October 10, 2025 issued by Ho Chi Minh City Department of Finance. Reported Earnings • Aug 01
Second quarter 2025 earnings released Second quarter 2025 results: EPS: ₫351. Net income: ₫1.40t (up ₫1.40t from 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Chemicals industry in Vietnam. Price Target Changed • May 21
Price target increased by 7.1% to ₫35,350 Up from ₫33,000, the current price target is an average from 2 analysts. New target price is 29% above last closing price of ₫27,300. Stock is down 17% over the past year. The company is forecast to post earnings per share of ₫891 for next year compared to ₫1,289 last year. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₫28,650, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Chemicals industry in Vietnam. Total returns to shareholders of 29% over the past three years. New Risk • May 08
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 7.1% 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 Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Announcement • Apr 16
Vietnam Rubber Group - Joint Stock Company, Annual General Meeting, Jun 17, 2025 Vietnam Rubber Group - Joint Stock Company, Annual General Meeting, Jun 17, 2025. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₫29,700, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Chemicals industry in Vietnam. Total loss to shareholders of 14% over the past three years. New Risk • Feb 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Declared Dividend • Oct 28
Dividend reduced to ₫300 Dividend of ₫300 is 14% lower than last year. Ex-date: 14th November 2024 Payment date: 12th December 2024 Dividend yield will be 0.9%, which is lower than the industry average of 5.2%. Sustainability & Growth New Risk • Apr 20
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 7.0% 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 Latest financial reports are more than 1 year old (reported June 2017 fiscal period end). Share price has been highly volatile over the past 3 months (7.0% average weekly change). Price Target Changed • Mar 16
Price target decreased by 14% to ₫17,600 Down from ₫20,400, the current price target is provided by 1 analyst. New target price is 49% below last closing price of ₫34,600. Stock is up 132% over the past year. The company is forecast to post earnings per share of ₫1,050 for next year compared to ₫1,035 last year. New Risk • Feb 21
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 4.9% 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 Risks Latest financial reports are more than 1 year old (reported June 2017 fiscal period end). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (4.9% average weekly change). Upcoming Dividend • Nov 09
Upcoming dividend of ₫350 per share at 3.0% yield Eligible shareholders must have bought the stock before 16 November 2023. Payment date: 08 December 2023. Trailing yield: 3.0%. Lower than top quartile of Vietnamese dividend payers (9.2%). Lower than average of industry peers (6.3%). New Risk • Nov 02
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 7.6% 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 Latest financial reports are more than 1 year old (reported June 2017 fiscal period end). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Announcement • Nov 01
Viet Nam Rubber Group - Joint Stock Company Approves Plan to Pay Cash Dividend for the Year 2022, Payable on December 08, 2023 Viet Nam Rubber Group - Joint Stock Company announced on October 30, 2023, the BOD of the company approved the plan to pay for 2022 cash dividend payment as follows: Exercise ratio is 3.5% per share (VND 350 per share). Record date is November 17, 2023. Payment time is December 08, 2023. Announcement • Sep 26
Vietnam Rubber Group - Joint Stock Company Announces the Change in Personnel Vietnam Rubber Group - Joint Stock Company announced the change in personnel as follows: Appointment: Mr. Hoang Don Huan. Newly appointed position: The person in charge of corporate governance cum Head of administration team. Effective date: September 20, 2023. Resignation: Mr. Nguyen Cuu Tue. Resigned position: The person in charge of corporate governance. Effective date: September 20, 2023. Announcement • Sep 16
Vietnam Rubber Group - Joint Stock Company Approves Resignation of Le Thanh Tu as Deputy Chief Executive Officer On August 28, 2023, Vietnam Rubber Group - Joint Stock Company issued Decision to approve the resignation of Mr. Le Thanh Tu as Deputy Chief Executive Officer of the Company from August 28, 2023. Price Target Changed • Nov 30
Price target decreased to ₫16,300 Down from ₫29,000, the current price target is provided by 1 analyst. New target price is 15% above last closing price of ₫14,200. Stock is down 63% over the past year. The company posted earnings per share of ₫1,035 last year. Upcoming Dividend • Oct 05
Upcoming dividend of ₫410 per share Eligible shareholders must have bought the stock before 12 October 2022. Payment date: 27 October 2022. Trailing yield: 3.1%. Lower than top quartile of Vietnamese dividend payers (8.1%). Lower than average of industry peers (4.7%). Buying Opportunity • Jun 10
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be ₫33,970, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Price Target Changed • May 31
Price target decreased to ₫29,000 Down from ₫37,150, the current price target is provided by 1 analyst. New target price is 15% above last closing price of ₫25,200. Stock is down 11% over the past year. The company posted earnings per share of ₫1,035 last year. Announcement • May 13
Vietnam Rubber Industry Group - Joint Stock Company, Annual General Meeting, Jun 17, 2022 Vietnam Rubber Industry Group - Joint Stock Company, Annual General Meeting, Jun 17, 2022. Buying Opportunity • Apr 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.9%. The fair value is estimated to be ₫39,256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Upcoming Dividend • Oct 06
Upcoming dividend of ₫600 per share Eligible shareholders must have bought the stock before 13 October 2021. Payment date: 28 October 2021. Trailing yield: 1.6%. Lower than top quartile of Vietnamese dividend payers (6.5%). Lower than average of industry peers (2.1%). Is New 90 Day High Low • Jan 14
New 90-day high: ₫31,850 The company is up 128% from its price of ₫13,950 on 16 October 2020. The Vietnamese market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 3.0% over the same period.