Sao Mai Group Corporation

Sao Mai Group Corporation

HHOSE:ASM
4,600.00
VND
0.00
(0.00%)
689.96EPS
16.25P/E
2.44TMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
8,746.53
6,325.17
3,838.25
3,799.45
5,159.07
24,007.39
39,182.24
33,833.75
36,380.94
34,045.32
32,344.19
31,236.95
30,119.2
26,938.38
Basic EPS, GAAP
196.34
470.19
373.23
467.65
427.83
2,805.49
1,754.54
1,284.41
1,916.53
1,556
526.86
470.26
100.36
369.28
Free Cash Flow per Basic Share
-1,004.94
-1,355.83
-4,465.1
1,872.5
-1,016.71
771.16
-6,011.6
-5,439.64
1,522.84
-4,514.21
-1,600.17
-3,180.61
-2,013.58
-3,046.95
Dividend per Share
- -
125.79
0.12
0.48
- -
243.9
818.46
- -
0.25
1,578.37
89.06
72.49
14.3
-9.94
Book Value per Share
5,957.9
6,683.37
6,548.74
7,158.57
7,499.38
9,853.66
10,874.99
12,149.13
13,768.83
14,101.72
14,140.24
14,664.71
13,436
13,741.56
Tangible Book Value per Share
5,807.47
6,529.45
5,715.05
6,233.17
6,338.72
5,993.73
6,679.18
8,076.39
9,826.96
8,944.14
9,219.39
9,975.42
9,375.33
9,783.75
Basic Weighted Avg Shares
130
190
229
370
407
370
363
370
313
404
370
385
376
407
Sales/Revenue/Turnover
1,135,079
1,199,289
880,616
1,406,490
2,100,781
8,887,128
14,223,773
12,524,614
11,397,926
13,749,222
11,973,154
12,013,118
11,317,469
10,969,166
Operating Margin (%)
6.06
11.26
11.98
15.53
2.79
7.79
6.19
7.38
7.65
9.62
7.16
6.86
6.81
8.59
Depreciation Expense
4,995
5,996
7,250
8,293
13,096
36,324
213,115
291,288
412,663
412,832
450,586
438,449
479,457
465,784
Net Income, GAAP
25,480
89,151
85,631
173,117
174,212
1,038,544
636,925
475,464
600,437
628,390
195,034
180,854
37,712
150,370
Effective Tax Rate (%)
12.99
17.29
19.17
22.22
9.68
8.94
5.55
8.32
10.48
9.36
21.13
20.85
33.08
22.31
Profit Margin (%)
2.24
7.43
9.72
12.31
8.29
11.69
4.48
3.8
5.27
4.57
1.63
1.51
0.33
1.37
Working Capital
503,140
1,174,385
2,123,732
1,557,915
1,603,295
1,852,969
966,337
1,788,111
2,747,009
1,651,018
2,886,158
5,736,002
5,274,342
5,371,680
LT Debt
402,387
413,596
528,161
527,392
612,814
1,119,849
2,726,284
3,427,336
3,271,683
3,630,030
4,258,623
6,916,879
6,391,964
6,560,262
Total Equity
704,414
1,277,710
2,436,158
2,689,319
2,841,505
5,737,393
6,301,872
6,872,109
7,576,340
7,839,818
7,826,282
8,087,735
8,213,442
8,406,467
Return on Invested Capital (%)
0.94
4.14
3.05
4.77
4
10.6
6.37
3.94
3.52
5.65
1.36
1.31
0.79
1.45
Return on Capital (%)
5.27
7.21
3.63
5.71
6.1
15.38
5.85
5.98
5.84
4.36
3.99
3.14
1.85
2.85
Return on Common Equity (%)
3.69
9.05
4.64
6.82
6.42
32.33
16.6
11.16
12.52
12.18
3.73
3.39
0.69
2.72

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,166,722
7,336,845
7,514,772
LT Borrowings
6,381,407
- -
- -
LT Finance Leases
10,557
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
407
407
407
Market Capitalization
2,622,331
2,312,863
2,443,165

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,126,202
14,648,684
14,093,791
Cash, Cash Equivalents & STI
3,157,082
3,085,418
2,792,232
Accounts Receivable, Net
2,419,637
2,747,002
2,613,265
Inventories
4,824,597
5,002,439
5,115,640
Total Current Liabilities
8,851,860
9,399,184
8,722,111
Payables & Accruals
- -
- -
- -
ST Debt
7,166,722
7,336,845
7,514,772
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.53%
3.69%
1.55%
Free Cash Flow
-197.35%
-120.99%
-38.14%
Net Income, GAAP
41.05%
-24.89%
-79.15%
Sales/Revenue/Turnover
47.35%
-1.35%
-5.79%
Total Cash Common Dividend
- -
- -
-80.73%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,548,540
3,375,718
3,219,265
2,866,261
12,013,118
2025
2,715,104
3,354,393
2,632,779
2,615,332
11,317,469
2026
2,469,598
3,251,457
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
143.61
237.24
133.31
-36.14
470.26
2025
42.88
41.76
28.02
3.5
100.36
2026
207.87
129.89
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
73.99
72.49
2025
15.06
10.39
-19.3
9.36
14.3
2026
- -
- -
- -
- -
- -

Company Description

CEO
Thuan Thanh Le
Full Time Employees
494
Sector
Consumer non-durables
Industry
Food: meat/fish/dairy
Address
Long Xuyen Vietnam
IPO Date
Jan 20, 2010
Business
Sao Mai Group Corporation is a diversified conglomerate engaged in seafood processing and aquaculture, renewable energy, real estate development, construction and architectural consulting, and hospitality and tourism services. Founded in 1997 and headquartered in Long Xuyen, An Giang Province, Vietnam, the company operates across domestic and international markets. The company organizes its business into several primary operating segments: Aquaculture and Food Processing, Renewable Energy, Real Estate, Construction and Engineering, and Hospitality and Services. In its Aquaculture and Food Processing division, operated primarily through its publicly traded subsidiary International Development and Investment Corporation (IDI), the company provides end-to-end pangasius catfish farming, harvesting, and processing; frozen pangasius fillets, steaks, portions, and value-added breaded seafood products exported to over 80 countries across North America, Europe, Asia, and Latin America; aquafeed and specialized animal nutrition products under the Sao Mai Super Feed brand; and refined edible cooking oil, shortening, and margarine enriched with Omega 3, 6, 9, EPA, and DHA derived from fish fat under the Ranee consumer brand, along with fish meal and organic collagen byproducts. In its Renewable Energy segment, the company develops, constructs, and operates clean power infrastructure; utility-scale solar generation assets, including the 210 MWp An Hao Solar Power Plant in An Giang Province and the 50 MWp Europlast Long An Solar Power Plant; and commercial and industrial rooftop solar installations across industrial zones and manufacturing facilities. In its Real Estate segment, the company develops, constructs, sells, and manages integrated urban townships, residential subdivisions, commercial properties, and industrial parks throughout the Mekong Delta and northern provinces of Vietnam. In its Construction and Engineering segment, the company provides architectural design, civil engineering, industrial and residential construction contracting, urban master planning, project management, and construction supervision services. In its Hospitality and Services segment, the company owns and operates eco-resorts, hotels, and tourist attractions, including the An Hao Solar Eco-Tourism Park, Tra Su Cajuput Forest eco-tourism zone, and assets managed via Dong Thap Tourist Joint Stock Company; agricultural processing facilities for tropical fruit purees and concentrates; and international labor recruitment and vocational training services. Recent company developments include the issuance by subsidiary IDI of a landmark VND 1,000 billion green bond guaranteed by GuarantCo to finance sustainable aquaculture expansions, including the construction of a third seafood processing factory and modernized pangasius breeding hatcheries. In renewable energy, the company has advanced plans for an 80 MW solar power project under Vietnam's Direct Power Purchase Agreement mechanism, expanded its commercial rooftop solar portfolio, and initiated feasibility studies for cross-border clean energy projects in Laos. In real estate, the company launched the 70.7-hectare Sao Mai Residence urban township in Thanh Hoa Province adjacent to Tho Xuan Airport, while continuing to expand its residential land bank and infrastructure developments across the Mekong Delta region.