Vietnam Rubber Group Limited

Vietnam Rubber Group Limited

HHOSE:GVR
31,900.00
VND
+100.00
(+0.31%)
131.20TMarket Cap
Dec 02Next Earn
Vietnam Rubber Group Limited
HOSE:GVR
(Ho Chi Minh Stock Exchange)

Recent

price

31,900.00

P/E

ratio

- -

div

yld

1.60%

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
3,516.51
4,953.77
5,280.86
6,547.4
6,355.35
5,534.6
6,560.49
7,269.51
- -
Revenue per Share
473
813
943
1,039.55
970.47
655.79
997.18
1,329.64
- -
Basic EPS, GAAP
79.8
722.08
-427.99
763.91
135.11
570.89
-40.58
1,449.1
2,527.38
Free Cash Flow per Basic Share
70.21
28.36
29.7
27.49
29.74
21.97
21.97
516.85
509.36
Dividend per Share
11,584.85
11,705.04
11,896.83
11,972.31
12,267.53
12,464.75
13,245.52
14,089.19
15,149.89
Book Value per Share
11,545.75
11,671.59
11,866.97
11,941.69
12,228.86
12,389.19
11,822.75
12,806.78
13,883
Tangible Book Value per Share
4,004
3,998
3,999
4,000
4,000
4,000
4,000
4,000
4,000
Basic Weighted Avg Shares
14,080,726
19,803,995
21,116,314
26,189,593
25,421,401
22,138,403
26,241,944
29,078,056
- -
Sales/Revenue/Turnover
10.45
12.9
11.34
20.61
15.78
11.36
15.59
17.08
- -
Operating Margin (%)
1,070,314
1,814,119
2,066,517
2,303,518
2,458,766
2,488,426
2,703,728
3,102,363
3,264,827
Depreciation Expense
1,893,978
3,250,180
3,770,730
4,158,196
3,881,881
2,623,175
3,988,717
5,318,552
- -
Net Income, GAAP
21.9
17.66
14.12
14.05
16.71
18.01
13.91
15.6
- -
Effective Tax Rate (%)
13.45
16.41
17.86
15.88
15.27
11.85
15.2
18.29
- -
Profit Margin (%)
8,091,899
11,341,203
11,151,758
11,902,501
13,059,387
14,189,713
16,076,223
21,963,812
28,867,506
Working Capital
10,031,646
9,075,795
8,335,214
6,343,544
4,595,716
3,577,280
2,963,853
1,526,123
1,414,315
LT Debt
50,963,662
50,596,550
51,430,652
51,940,039
53,515,558
54,977,203
58,397,162
62,201,583
66,881,356
Total Equity
- -
3.75
6.49
7.92
6.02
3.71
6.36
7.73
- -
Return on Invested Capital (%)
- -
5.06
4.9
5.62
5.53
3.7
5.44
7.41
- -
Return on Capital (%)
- -
6.98
7.99
8.71
8.01
5.3
7.76
9.73
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,446,793
1,154,908
1,184,650
LT Borrowings
1,526,123
1,480,199
1,414,094
LT Finance Leases
188
354
221
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,000
4,000
4,000
Market Capitalization
104,800,000
126,800,000
131,200,000

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
32,904,606
34,159,898
37,897,604
Cash, Cash Equivalents & STI
22,445,509
25,866,521
28,833,279
Accounts Receivable, Net
1,545,717
1,461,358
1,374,900
Inventories
6,722,924
4,262,968
4,084,619
Total Current Liabilities
10,940,795
8,269,603
9,030,098
Payables & Accruals
- -
- -
- -
ST Debt
1,446,793
1,154,908
1,184,650
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
3.9%
6.51%
Free Cash Flow
- -
-763.33%
-3,671.22%
Net Income, GAAP
- -
11.32%
33.34%
Sales/Revenue/Turnover
- -
7.51%
10.81%
Total Cash Common Dividend
- -
- -
2,252.12%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,585,365
4,622,184
7,715,774
9,300,589
26,241,944
2025
5,676,962
6,016,672
- -
8,505,655
29,078,056
2026
8,845,157
7,097,361
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
118.89
215.88
235.95
493.28
997.18
2025
296.16
350.99
- -
250.26
1,329.64
2026
562.69
572.19
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7.18
-3.7
-0.83
19.32
21.97
2025
0.13
16.36
76.57
423.79
516.85
2026
3.76
5.24
- -
- -
- -
Business
Vietnam Rubber Group Joint Stock Company (HOSE: GVR) is a Vietnam-based diversified agribusiness and industrial conglomerate engaged primarily in natural rubber cultivation, rubber-derived industrial manufacturing, wood processing, and industrial park development. Founded in 1975 and headquartered in Ho Chi Minh City, Vietnam, the company operates across five core business segments: Natural Rubber, Wood Processing, Rubber Industrial Products, Industrial Real Estate, and Agriculture and Energy. In its primary natural rubber segment, the group manages extensive plantation acreage across Vietnam, Cambodia, and Laos, producing raw and processed natural rubber products, including Standard Vietnamese Rubber grades SVR 3L, SVR 5, SVR 10, SVR 20, and SVR CV60; concentrated and centrifuged latex; Ribbed Smoked Sheets (RSS); and skim rubber blocks for domestic consumption and global export to key markets including China, the United States, the European Union, Japan, and South Korea. In wood manufacturing, the company produces sawn rubberwood; kiln-dried timber; medium-density fiberboard (MDF); particleboard; laminated wood panels; and finished wooden furniture. In rubber industrial manufacturing, it fabricates industrial conveyor belts; transmission belts; automotive and motorcycle tires and inner tubes; medical, surgical, and industrial examination gloves; sports balls; technical rubber moldings; and footwear components. In its real estate segment, the company develops, manages, and leases infrastructure within major industrial zones and logistics hubs, including Nam Tan Uyen, Tan Binh, Dau Giay, Long Khanh, and Bac Dong Phu industrial parks. In high-tech agriculture and energy, the group cultivates commercial fruit crops, including durian and bananas, and develops rooftop solar photovoltaic installations across its manufacturing facilities and industrial estates. In recent developments, Vietnam Rubber Group has accelerated its strategic land conversion program, repurposing tens of thousands of hectares of low-yield agricultural land into high-value industrial parks and logistics infrastructure to capture inbound foreign direct investment in southern Vietnam. In response to global supply chain sustainability requirements, the group has expanded its certified sustainable forest management footprint under the Programme for the Endorsement of Forest Certification (PEFC-VFCS) and implemented comprehensive traceability frameworks across its plantation portfolio to ensure full compliance with the European Union Deforestation Regulation (EUDR). Additionally, under state ownership oversight from the Commission for the Management of State Capital at Enterprises (CMSC), the group has advanced its comprehensive corporate restructuring plan, divesting from non-core financial assets while pursuing strategic partnerships in green biomass power generation, rooftop renewable energy development, and high-tech agricultural diversification.