1. Vietnam Stocks

  2. •

    Consumer durables

  3. •

    Automotive aftermarket
Danang Rubber Joint Stock Company

Danang Rubber Joint Stock Company

HHOSE:DRC
9,530.00
VND
-150.00
(-1.55%)
1.82TMarket Cap
Dec 07Next Earn
Danang Rubber Joint Stock Company
HOSE:DRC
(Ho Chi Minh Stock Exchange)

Recent

price

9,530.00

P/E

ratio

- -

div

yld

0.10%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
13,986.91
25,608.93
25,699.61
18,155.95
23,158.75
21,483.46
21,953.41
23,759.38
22,994.81
24,982.83
23,613.49
28,359.17
31,720.36
29,108.1
30,261.5
32,400.57
- -
Revenue per Share
1,270.29
1,919.71
2,880.35
2,430.96
2,512.38
2,687.5
2,716.51
1,075.12
912.7
1,622.26
1,659.76
1,883.23
1,989.15
1,595.12
1,559.4
767.28
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
75.47
295
- -
896.51
1,183.43
1,613.81
2,929.01
1,384.62
846.15
846.15
1,153.85
769.23
1,307.69
1,384.61
923.08
846.16
9.48
Dividend per Share
4,737.44
5,683.42
7,572.59
8,934.21
9,944.59
10,832.8
10,402.2
9,886.58
9,875.98
10,568.46
10,925.91
11,486.93
12,366.5
11,988.43
12,403.36
12,573.54
12,346.75
Book Value per Share
4,719.91
5,669.31
7,563.38
8,927.24
9,938.45
10,827.34
10,304.03
9,789.64
9,844.51
10,541.57
10,903.6
11,469.2
12,353.35
11,979.87
12,398.23
12,561.42
12,336.14
Tangible Book Value per Share
154
103
108
154
140
154
154
154
154
154
154
154
154
154
154
154
154
Basic Weighted Avg Shares
2,160,139
2,636,696
2,784,934
2,803,901
3,251,368
3,317,699
3,390,273
3,669,171
3,551,098
3,858,107
3,646,641
4,379,518
4,898,588
4,495,175
4,673,261
5,003,597
- -
Sales/Revenue/Turnover
13.86
12.26
16.24
20.4
17.66
19.25
17.02
7.43
7.3
9.9
10.22
8.66
8.49
6.88
6.38
3.5
- -
Operating Margin (%)
- -
- -
- -
3,702
3,145
- -
- -
6,041
6,873
6,468
5,480
4,632
3,759
4,246
4,075
3,527
- -
Depreciation Expense
196,184
197,654
312,129
375,423
352,725
415,032
419,512
166,032
140,949
250,526
256,317
290,828
307,185
246,334
240,817
118,490
- -
Net Income, GAAP
24.82
25.02
25.17
25.02
21.99
22.03
20.01
20.07
20.57
20
20.03
20.13
20.51
19.78
19.87
21.02
- -
Effective Tax Rate (%)
9.08
7.5
11.21
13.39
10.85
12.51
12.37
4.53
3.97
6.49
7.03
6.64
6.27
5.48
5.15
2.37
- -
Profit Margin (%)
481,438
658,141
506,499
366,316
318,009
426,574
423,604
231,930
183,333
450,053
569,325
754,202
950,496
783,743
655,028
732,051
752,110
Working Capital
41,357
187,497
771,034
874,111
808,446
592,992
391,599
408,584
244,716
148,665
812
1,600
686
24,819
132,822
120,767
100,534
LT Debt
731,651
877,749
1,169,480
1,379,748
1,535,785
1,672,934
1,606,415
1,526,789
1,525,152
1,632,091
1,687,293
1,773,930
1,909,763
1,851,378
1,915,456
1,941,723
1,906,699
Total Equity
23.25
16.53
17.82
15.18
12.42
15
17.34
6.56
5.68
10.35
11.81
13.31
12.3
9.68
9.04
4.07
- -
Return on Invested Capital (%)
24.72
18.2
18.69
16.68
15.29
16.98
17.37
8.95
8.38
13.08
14.23
13.74
13.03
10.45
9.68
5.17
- -
Return on Capital (%)
30.45
24.56
30.49
29.45
24.2
25.87
25.59
10.6
9.24
15.87
15.44
16.8
16.68
13.1
12.79
6.14
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
866,748
869,553
827,413
LT Borrowings
120,055
110,651
100,534
LT Finance Leases
713
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
154
154
154
Market Capitalization
2,285,553
2,084,795
1,822,266

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,812,834
2,624,029
2,337,794
Cash, Cash Equivalents & STI
208,356
104,436
114,182
Accounts Receivable, Net
1,037,470
1,040,361
968,506
Inventories
1,387,039
1,294,559
1,218,564
Total Current Liabilities
2,080,782
1,842,570
1,585,684
Payables & Accruals
- -
- -
- -
ST Debt
866,748
869,553
827,413
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.59%
2.91%
1.37%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-4.82%
-10.75%
-50.8%
Sales/Revenue/Turnover
4.51%
6.95%
7.07%
Total Cash Common Dividend
- -
0.18%
-8.33%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
973,318
1,364,170
1,217,719
1,117,822
4,673,261
2025
1,179,789
1,377,307
- -
1,212,525
5,003,597
2026
1,154,861
1,175,876
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
319.23
500.77
297
383
1,559.4
2025
61
208
- -
256
767.28
2026
105
205
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
385.07
529.25
- -
8.96
923.08
2025
382.5
- -
- -
9.48
846.16
2026
- -
- -
- -
- -
- -
Similar Companies
Apollo Tyres Limited. (NSE:APOLLOTYRE)
MRF Limited (NSE:MRF)
Balkrishna Industries Limited (NSE:BALKRISIND)
The Goodyear Tire & Rubber Company (NASDAQ:GT)
Bridgestone Corporation (TSE:5108)
CEAT Limited (NSE:CEATLTD)
Business
Danang Rubber Joint Stock Company (HOSE: DRC) is a Vietnam-based manufacturer and distributor of automotive tires, inner tubes, and industrial rubber products, operating as a core subsidiary of the state-owned Vietnam National Chemical Group (Vinachem). Founded in 1975 and headquartered in Da Nang, Vietnam, the company specializes in the research, development, engineering, and commercial production of rubber-based mobility and industrial solutions for commercial, passenger, agricultural, and industrial vehicle markets worldwide. The company operates primarily through its tire manufacturing, tube production, and technical rubber divisions, marketing its products under the DRC brand name. Its extensive product and service portfolio encompasses all-steel truck and bus radial (TBR) tires; passenger car radial (PCR) tires; light truck radial tires; conventional diagonal/bias tires for heavy-duty commercial trucks, buses, tractors, and agricultural machinery; off-the-road (OTR) and earthmover tires for mining and construction equipment; specialized military vehicle tires; motorcycle tires and tubes; bicycle tires and tubes; retreaded tires and camelback precured tread rubber; technical rubber goods, including industrial conveyor belts, transmission belts, rubber hoses, dock fenders, and molded automotive rubber spare parts; and custom rubber compounding, tire testing, and technical advisory services. Danang Rubber Joint Stock Company serves a diversified customer base ranging from original equipment manufacturers (OEMs), automotive assembly plants, and commercial transportation fleets to agricultural cooperatives, industrial operators, and individual retail vehicle owners. Domestically, the company maintains an extensive distribution network of provincial dealerships, logistics centers, and retail service outlets across Vietnam. Internationally, it exports its radial and bias tire products to more than 40 countries and territories across North America, Latin America, Europe, Southeast Asia, South Asia, and the Middle East, with key export markets including the United States, Brazil, and India. In recent developments, Danang Rubber Joint Stock Company completed and fully commissioned the Phase 3 expansion of its Radial Truck Tire Plant in Da Nang, elevating its all-steel radial truck and bus tire production capacity to 1 million units annually. The company has also expanded its manufacturing capabilities into passenger car radial (PCR) tires to capture growing demand in domestic and overseas consumer automotive segments. Additionally, DRC has established long-term strategic supply and distribution alliances with key commercial tire distributors in the Americas, implemented factory-wide automation and digital warehouse management systems, and installed industrial-scale rooftop solar power systems across its manufacturing facilities to advance environmental sustainability and satisfy stringent international import compliance standards.