BAF Viet Nam Agriculture Joint Stock Company

BAF Viet Nam Agriculture Joint Stock Company

HHOSE:BAF
31,500.00
VND
+100.00
(+0.32%)
10.91TMarket Cap
Dec 02Next Earn
BAF Viet Nam Agriculture Joint Stock Company
HOSE:BAF
(Ho Chi Minh Stock Exchange)

Recent

price

31,500.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
VND
61,144.44
45,432.35
52,451.4
27,442.17
25,586.99
22,879.1
16,414.93
- -
Revenue per Share
45.84
162.08
1,617.22
1,110.67
129.81
1,285.97
412.57
- -
Basic EPS, GAAP
-885.15
5,767.73
-1,631.14
-3,025.75
-7,044.02
-4,419.59
-8,692.63
-10,763.71
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
17.52
- -
- -
Dividend per Share
423.57
2,000.37
5,118.34
6,717.2
7,352.02
10,117.43
11,035.71
11,827.94
Book Value per Share
422.08
1,985.58
4,139.12
5,679.21
4,968.31
8,036.82
8,860.73
10,300.74
Tangible Book Value per Share
283
283
199
258
203
247
307
312
Basic Weighted Avg Shares
17,288,064
12,845,606
10,434,355
7,083,418
5,198,785
5,640,686
5,037,851
- -
Sales/Revenue/Turnover
1.07
1.39
3.93
5.27
2.9
8.98
7.06
- -
Operating Margin (%)
6,360
17,237
32,471
58,810
104,629
165,204
251,264
466,974
Depreciation Expense
12,960
45,827
321,720
286,687
26,375
317,048
126,621
- -
Net Income, GAAP
20
20.91
17.59
15.08
- -
21.49
- -
- -
Effective Tax Rate (%)
0.07
0.36
3.08
4.05
0.51
5.62
2.51
- -
Profit Margin (%)
69,768
49,460
478,992
370,981
136,937
16,441
10,062
216,933
Working Capital
59,850
64,318
148,527
692,905
1,608,568
1,440,552
2,298,553
3,731,222
LT Debt
119,762
565,588
1,454,818
1,742,668
1,908,322
2,935,752
4,064,121
4,355,961
Total Equity
- -
3.74
28.15
13.3
- -
4.84
- -
- -
Return on Invested Capital (%)
- -
10.27
30.25
14.66
- -
9.71
- -
- -
Return on Capital (%)
- -
13.37
31.97
18.02
1.45
13.15
3.63
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,178,955
1,993,487
3,018,948
LT Borrowings
2,200,680
3,392,484
3,554,581
LT Finance Leases
97,873
160,086
176,641
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
368
368
368
Market Capitalization
11,480,491
10,668,119
10,907,232

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,341,827
5,052,376
5,637,415
Cash, Cash Equivalents & STI
843,340
680,542
1,223,706
Accounts Receivable, Net
83,292
343,378
304,458
Inventories
2,725,620
3,133,624
3,140,396
Total Current Liabilities
4,331,765
4,305,077
5,420,482
Payables & Accruals
- -
- -
- -
ST Debt
2,178,955
1,993,487
3,018,948
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
55.76%
38.44%
Free Cash Flow
- -
45%
144.84%
Net Income, GAAP
- -
308.47%
-60.06%
Sales/Revenue/Turnover
- -
-15.94%
-10.69%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,292,013
1,365,294
1,313,763
1,626,702
5,640,686
2025
1,123,604
1,386,838
- -
1,399,237
5,037,851
2026
1,762,208
2,137,096
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
460.9
74.38
208.72
377.69
1,285.97
2025
461.98
878
- -
-918.18
412.57
2026
560.33
344
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
17.52
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
BAF Viet Nam Agriculture Joint Stock Company operates as a vertically integrated agricultural and food processing enterprise in Vietnam, specializing in the closed-loop Feed-Farm-Food (3F) value chain model. Founded in 2017 and headquartered in Ho Chi Minh City, Vietnam, the company conducts its business across animal feed manufacturing, high-tech swine farming, meat processing, food distribution, and agricultural commodity trading. The company's core product and service portfolio comprises animal feed production, including complete compound feeds, premixes, and proprietary vegetarian-formulated bio-feeds free of animal meal and antibiotic growth promoters; industrial livestock farming operations, offering commercial live hogs, high-health grandparent and parent breeding stock, and weaned piglets raised in biosecure, climate-controlled environments; food processing and consumer retail offerings, providing fresh chilled pork cuts, portioned primal cuts, processed meat items, and value-added pork products sold under the BAF Meat and Heo An Chay brand names across the proprietary Siba Food convenience store chain, BaF Meat meat shops, third-party modern supermarkets, and institutional food service channels; and agricultural raw material trading, encompassing the import, storage, and wholesale distribution of feed ingredients including corn, soybean meal, wheat, dried distillers grains with solubles (DDGS), and cassava. BAF Viet Nam Agriculture maintains an expansive domestic operational footprint across Vietnam, with major feed manufacturing mills, modern mega-farm clusters, and logistics facilities situated throughout key agricultural provinces such as Tay Ninh, Binh Phuoc, Nghe An, Quang Tri, Gia Lai, and Dak Lak. In recent operational and strategic developments, the company entered into a comprehensive technology transfer and strategic equipment partnership with Muyuan Foods Co., Ltd. to implement advanced multi-story swine housing facilities, intelligent automated feeding systems, biosecurity infrastructure, and modern environmental control systems. Additionally, the company secured substantial multi-tranche funding packages and convertible bond investments from international development finance institutions, notably the International Finance Corporation (IFC), to finance the development of modern swine farm facilities, slaughtering and meat processing centers, and bio-feed production mills. The company has also systematically expanded its downstream commercial presence through the continued rollout of Siba Food retail outlets and meat distribution points across urban centers, reinforcing its end-to-end traceability from farm to table.