New Risk • Aug 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 5.6% 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 Risks Revenue has declined by 44% over the past year. Market cap is less than US$10m (₫120.8b market cap, or US$4.59m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change). Revenue is less than US$5m (₫80b revenue, or US$3.0m). Reported Earnings • Jul 16
Second quarter 2026 earnings released: EPS: ₫1,213 (vs ₫1,143 in 2Q 2025) Second quarter 2026 results: EPS: ₫1,213 (up from ₫1,143 in 2Q 2025). Revenue: ₫16.5b (down 59% from 2Q 2025). Net income: ₫10.4b (up 14% from 2Q 2025). Profit margin: 63% (up from 23% in 2Q 2025). The increase in margin was driven by lower expenses. Declared Dividend • May 20
Dividend of ₫700 announced Shareholders will receive a dividend of ₫700. Ex-date: 28th May 2026 Payment date: 18th June 2026 Dividend yield will be 9.1%, which is higher than the industry average of 5.7%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 12% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. However, EPS has declined by 7.5% over the last 5 years so the company would need to reverse this trend. New Risk • Apr 23
New major risk - Revenue and earnings growth Revenue has declined by 17% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risks Revenue has declined by 17% over the past year. Market cap is less than US$10m (₫125.6b market cap, or US$4.77m). Minor Risks Dividend is not well covered by earnings (103% payout ratio). Revenue is less than US$5m (₫104b revenue, or US$3.9m). Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: ₫210 (vs ₫701 in 1Q 2025) First quarter 2026 results: EPS: ₫210 (down from ₫701 in 1Q 2025). Revenue: ₫16.5b (down 55% from 1Q 2025). Net income: ₫1.80b (down 70% from 1Q 2025). Profit margin: 11% (down from 17% in 1Q 2025). The decrease in margin was driven by lower revenue. Duyuru • Apr 15
Nam Viet Joint Stock Company Amends Business Registration Certificate for the Sixteenth Time by the Department of Finance of Ho Chi Minh City Nam Viet Joint Stock Company announced that based on the Business Registration Certificate of the Joint Stock Company, business code: 0302205973, issued by the Department of Planning and Investment of Ho Chi Minh City on February 1, 2001, and amended for the sixteenth time by the Department of Finance of Ho Chi Minh City on April 8, 2026. Duyuru • Mar 23
Nam Viet Joint Stock Company, Annual General Meeting, May 15, 2026 Nam Viet Joint Stock Company, Annual General Meeting, May 15, 2026. Location: 18f tang nhon phu, phuoc long ward, ho chi minh Vietnam New Risk • Mar 10
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₫120b (US$4.6m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₫120.8b market cap, or US$4.59m). Minor Risks Dividend is not well covered by earnings (103% payout ratio). Revenue is less than US$5m (₫120b revenue, or US$4.6m). Reported Earnings • Oct 21
Third quarter 2025 earnings released: EPS: ₫173 (vs ₫653 in 3Q 2024) Third quarter 2025 results: EPS: ₫173 (down from ₫653 in 3Q 2024). Revenue: ₫31.7b (down 7.9% from 3Q 2024). Net income: ₫1.48b (down 72% from 3Q 2024). Profit margin: 4.7% (down from 15% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. New Risk • Sep 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 98% The company is paying a dividend despite having no free cash flows. Dividend yield: 7.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Paying a dividend despite having no free cash flows. High level of non-cash earnings (26% accrual ratio). Market cap is less than US$10m (₫145.6b market cap, or US$5.53m). New Risk • Sep 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (26% accrual ratio). Market cap is less than US$10m (₫144.0b market cap, or US$5.47m). Minor Risk Paying a dividend despite having no free cash flows. Upcoming Dividend • Aug 15
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 08 September 2025. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 7.8%. Within top quartile of Vietnamese dividend payers (7.4%). Higher than average of industry peers (6.4%). New Risk • Jul 14
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 5.6% 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 Market cap is less than US$10m (₫137.6b market cap, or US$5.23m). Minor Risks Dividend is not well covered by cash flows (113% cash payout ratio). Share price has been volatile over the past 3 months (5.6% average weekly change). Reported Earnings • Jul 11
Second quarter 2025 earnings released Second quarter 2025 results: EPS: ₫1,143. Net income: ₫9.82b (up ₫9.82b from 2Q 2024). Declared Dividend • May 01
Dividend of ₫500 announced Shareholders will receive a dividend of ₫500. Ex-date: 15th May 2025 Payment date: 30th May 2025 Dividend yield will be 11%, which is higher than the industry average of 5.7%. Sustainability & Growth The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₫16,300, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 11x in the Basic Materials industry in Vietnam. Total loss to shareholders of 4.0% over the past three years. Upcoming Dividend • Mar 27
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 03 April 2025. Payment date: 18 April 2025. Trailing yield: 19%. Within top quartile of Vietnamese dividend payers (7.8%). Higher than average of industry peers (6.3%). Duyuru • Mar 18
Nam Viet Joint Stock Company, Annual General Meeting, Apr 29, 2025 Nam Viet Joint Stock Company, Annual General Meeting, Apr 29, 2025. Location: no. 18f, tang nhon phu street, phuong long b ward, thu duc city, hcmc, Vietnam Duyuru • Mar 17
Nam Viet Joint Stock Company Announces Second Cash Dividend for 2024, Payable on April 18, 2025 Nam Viet Joint Stock Company announces to pay 2024 cash dividend the 2nd time: Exercise ratio: 5% per share (VND 500 per share), Record date: April 04, 2025 and Payment date: April 18, 2025. Upcoming Dividend • Dec 17
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 24 December 2024. Payment date: 10 January 2025. Trailing yield: 7.5%. Lower than top quartile of Vietnamese dividend payers (8.2%). Higher than average of industry peers (5.7%). Duyuru • Dec 13
Nam Viet Joint Stock Company Announces First Payment of 2024 Cash Dividend, Payable on January 10, 2025 Nam Viet Joint Stock Company announced first payment of 2024 cash dividend of VND 1,000 dongs/share (10%/par value). Ex-right date is December 24, 2024. Record date is December 25, 2024. Payment time is January 10, 2025. New Risk • Nov 05
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 5.1% 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 Risks Latest financial reports are more than 1 year old (reported September 2015 fiscal period end). Market cap is less than US$10m (₫154.0b market cap, or US$6.16m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.1% average weekly change). New Risk • Jul 16
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 Risks Latest financial reports are more than 1 year old (reported September 2015 fiscal period end). Market cap is less than US$10m (₫136.4b market cap, or US$5.32m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). New Risk • May 27
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 5.9% 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 September 2015 fiscal period end). Market cap is less than US$10m (₫138.4b market cap, or US$5.40m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Upcoming Dividend • May 09
Upcoming dividend of ₫2,000 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 31 May 2024. Trailing yield: 8.5%. Lower than top quartile of Vietnamese dividend payers (8.7%). Higher than average of industry peers (5.5%). Duyuru • May 09
Nam Viet Joint Stock Company Announces Cash Dividend for the Year 2023, Payable on May 31, 2024 Nam Viet Joint Stock Company announced on May 07, 2024, cash dividend of VND 2,000 per share for the year 2023, payable on May 31, 2024. Record date is May 17, 2024. Ex-right date is May 16, 2024. Duyuru • Mar 09
Nam Viet Joint Stock Company, Annual General Meeting, Apr 26, 2024 Nam Viet Joint Stock Company, Annual General Meeting, Apr 26, 2024. Location: 18F Tang Nhon Phu, Phuoc Long B ward, Thu Duc, HCMC.. Thu Duc Vietnam Upcoming Dividend • Jan 05
Upcoming dividend of ₫700 per share at 8.9% yield Eligible shareholders must have bought the stock before 12 January 2024. Payment date: 25 January 2024. Trailing yield: 8.9%. Within top quartile of Vietnamese dividend payers (8.6%). Higher than average of industry peers (5.8%). Duyuru • Jan 02
Nam Viet Joint Stock Company Approves Second Cash Dividend Payment in 2023, Payable on 25 January 2024 On 28 December 2023, the BOD Nam Viet Joint Stock Company approved the record date for the second cash dividend payment in 2023 as follows: Record date is 15 January 2024. Exercise ratio is 7% (VND 700/share). Payment date is 25 January 2024. New Risk • Nov 14
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 7.8% 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 September 2015 fiscal period end). Market cap is less than US$10m (₫131.6b market cap, or US$5.40m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Upcoming Dividend • Sep 26
Upcoming dividend of ₫800 per share at 9.7% yield Eligible shareholders must have bought the stock before 03 October 2023. Payment date: 16 October 2023. Trailing yield: 9.7%. Within top quartile of Vietnamese dividend payers (8.7%). Higher than average of industry peers (6.3%). Duyuru • Sep 15
Nam Viet Joint Stock Company to Pay First Cash Dividend in 2023, Payable on October 16, 2023 The Board of Directors of Nam Viet Joint Stock Company approved the plan to pay for the first cash dividend in 2023 as follows: Record date: October 04, 2023. Exercise ratio: 8%/share (800 dongs/share). Payment time: October 16, 2023. Upcoming Dividend • Mar 20
Upcoming dividend of ₫800 per share at 7.5% yield Eligible shareholders must have bought the stock before 27 March 2023. Payment date: 27 April 2023. Trailing yield: 7.5%. Lower than top quartile of Vietnamese dividend payers (9.2%). In line with average of industry peers (7.1%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Cong Tran was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Sep 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be ₫22,974, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Upcoming Dividend • Aug 31
Upcoming dividend of ₫700 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 30 September 2022. Trailing yield: 9.3%. Within top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (6.0%). Duyuru • Jun 29
Nam Viet Joint Stock Company Announces Resignation of Nguyen Minh Triet as Chairman and Member of the Board of Directors Nam Viet Joint Stock Company received the resignation letter from Mr. Nguyen Minh Triet as Chairman and Member of the Board of Directors. Duyuru • May 08
Nam Viet Joint Stock Company Announces Cash Dividend Payment for 2021, Payable on May 31, 2022 Nam Viet Joint Stock Company announced cash dividend payment for 2021 of 12%/par value (1,200 dongs/share). Record date of May 16, 2022, Payment date of May 31, 2022. Upcoming Dividend • May 06
Upcoming dividend of ₫1,200 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 31 May 2022. Trailing yield: 6.0%. Lower than top quartile of Vietnamese dividend payers (6.8%). Higher than average of industry peers (4.2%). 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. 4 non-independent directors. Chairman of the Board Triet Nguyen was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 22 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.9%. Within top quartile of Vietnamese dividend payers (5.9%). Higher than average of industry peers (3.7%). Upcoming Dividend • Dec 10
Upcoming dividend of ₫1,700 per share Eligible shareholders must have bought the stock before 17 December 2021. Payment date: 30 December 2021. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Vietnamese dividend payers (6.3%). Higher than average of industry peers (4.0%). Duyuru • Dec 08
Nam Viet Joint Stock Company Approves Additional Dividend for 2020, Payable on December 30, 2021 Nam Viet Joint Stock Company approved Additional dividend ratio for 2020: 10%/par value (1,000 dongs/share), Record date: December 20, 2021 and Payment date: December 30, 2021. Executive Departure • Aug 26
Head of the Supervisory Board Phi Nguyen has left the company On the 14th of August, Phi Nguyen's tenure as Head of the Supervisory Board ended after 1.4 years in the role. We don't have any record of a personal shareholding under Phi's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.42 years. Upcoming Dividend • Apr 21
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 20 May 2021. Trailing yield: 5.8%. Lower than top quartile of Vietnamese dividend payers (7.3%). In line with average of industry peers (5.4%). Is New 90 Day High Low • Dec 31
New 90-day low: ₫18,800 The company is down 18% from its price of ₫23,000 on 30 September 2020. The Vietnamese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 14% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: ₫20,300 The company is down 8.0% from its price of ₫22,000 on 20 August 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 19% over the same period. Duyuru • Nov 12
Do Thi Hien Luong acquired 8.25% stake in Nam Viet Joint Stock Company (HOSE:NAV). Do Thi Hien Luong acquired 8.25% stake in Nam Viet Joint Stock Company (HOSE:NAV) on November 9, 2020. Under the terms of the transaction, Do Thi Hien Luong acquired 0.66 million shares.
Do Thi Hien Luong completed the acquisition of 8.25% stake in Nam Viet Joint Stock Company (HOSE:NAV) on November 9, 2020. Duyuru • Oct 06
Nam Viet Joint Stock Company Appoints Hoang Quoc Khanh as Chief Executive Officer Nam Viet Joint Stock Company approved the appointment of Mr. Hoang Quoc Khanh as Chief Executive Officer (CEO) of the Company from October 01, 2020. Duyuru • Sep 30
Nam Viet Joint Stock Company Announces Resignation of Pham Minh Tuyen as Deputy CEO, Effective October 31, 2020 Nam Viet Joint Stock Company announced the resignation of Mr. Pham Minh Tuyen as Deputy CEO effective from October 31, 2020. Duyuru • Sep 09
Nam Viet Joint Stock Company Announces Executive Changes, Effective October 1, 2020 Nam Viet Joint Stock Company announced resignation of Mr. Ton That Manh as CEO. Mr. Nguyen Quoc Khanh appointed as CEO from October 01, 2020. Duyuru • Jul 30
Tran Bình Khoi acquired additional 12.7% stake in Nam Viet Joint Stock Company (HOSE : NAV). Tran Bình Khoi acquired additional 12.7% stake in Nam Viet Joint Stock Company (HOSE : NAV) on June 17, 2020. Under the terms, 1 million shares were acquired as a part of the acquisition.
Tran Bình Khoi completed the acquisition of additional 12.7% stake in Nam Viet Joint Stock Company (HOSE : NAV) on June 17, 2020.