1. Vietnam Stocks

  2. •

    Non-energy minerals

  3. •

    Construction materials
Vicem Ha Tien Cement JSC

Vicem Ha Tien Cement JSC

HHOSE:HT1
13,400.00
VND
0.00
(0.00%)
5.09TMarket Cap
Dec 02Next Earn
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
26,323.41
17,712.55
19,941.32
21,587.89
21,515.22
21,958.32
23,165.54
20,869.61
18,515.25
23,370.53
18,472.78
18,040.95
19,298.17
- -
Basic EPS, GAAP
26.44
730.44
2,124.73
2,120.57
1,277.95
1,660.77
1,940.45
1,592.83
973.1
675.35
46.46
157.62
717.35
- -
Free Cash Flow per Basic Share
3,565.38
2,174.83
3,379.83
2,319.19
2,194.32
4,617.34
2,969.69
3,029.14
1,598.96
1,029.29
877.59
1,212.59
1,513.92
1,275.29
Dividend per Share
0.14
0.04
0.12
0.38
997.72
1,497.78
1,198.37
242.4
1,670.04
665.72
369.08
451.65
100.05
100.06
Book Value per Share
8,389.13
9,734.15
11,790.12
13,614.64
13,578.92
13,526.89
14,037.9
14,110.31
13,653.77
13,373.83
12,640.19
12,750.78
13,309.72
13,478.6
Tangible Book Value per Share
8,087.84
9,433.53
11,514.63
13,328.1
13,296.4
13,256.51
13,779.25
13,860.39
13,227.46
13,099.45
12,367.67
11,071.01
11,706.99
11,927.63
Basic Weighted Avg Shares
242
382
382
382
382
382
382
382
382
382
382
382
382
381
Sales/Revenue/Turnover
6,368,748
6,758,087
7,608,450
8,236,685
8,208,957
8,378,019
8,838,625
7,962,629
7,064,342
8,917,959
7,049,026
6,884,246
7,363,988
- -
Operating Margin (%)
15.69
12.55
17.95
15.46
12.52
12.83
13.42
12.62
8.32
5.28
2.66
2.54
5.75
- -
Depreciation Expense
619,114
639,111
618,844
678,130
719,081
729,116
708,513
656,619
583,859
571,872
548,653
558,735
582,287
- -
Net Income, GAAP
6,397
304,929
810,675
809,086
487,592
633,653
740,363
607,732
371,278
257,706
17,728
60,146
273,734
- -
Effective Tax Rate (%)
39.28
22.94
22.23
20.59
19.06
22
20.19
20.8
22.45
20.48
27.23
25.27
21.82
- -
Profit Margin (%)
0.1
4.51
10.65
9.82
5.94
7.56
8.38
7.63
5.26
2.89
0.25
0.87
3.72
- -
Working Capital
-2,519,178
-2,297,693
-1,679,403
-1,304,831
-1,525,463
-1,813,831
-2,027,552
-2,295,712
-2,120,501
-1,882,418
-1,802,273
-1,423,008
-802,762
-616,048
LT Debt
5,725,651
5,097,135
4,417,024
3,514,618
2,635,121
1,715,357
807,535
- -
- -
- -
- -
- -
28,432
32,882
Total Equity
3,200,810
3,713,991
4,498,432
5,194,558
5,189,143
5,169,338
5,364,557
5,392,466
5,218,528
5,112,622
4,832,911
4,875,325
5,088,809
5,153,250
Return on Invested Capital (%)
-0.1
2.7
7.2
7.35
4.53
6.59
8.47
7.66
5.07
3.82
0.37
1.03
4.59
- -
Return on Capital (%)
4.07
6.33
10.62
10.43
7.36
9.02
10.6
9.2
6.14
4.61
1.61
1.57
5.07
- -
Return on Common Equity (%)
0.25
8.06
19.74
16.69
9.4
12.25
14.08
11.32
7.01
5
0.36
1.24
5.51
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
589,339
1,072,088
364,614
LT Borrowings
28,432
32,882
32,882
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
382
382
382
Market Capitalization
6,296,234
5,819,246
5,094,225

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,657,314
2,098,683
1,850,650
Cash, Cash Equivalents & STI
535,910
680,044
697,747
Accounts Receivable, Net
173,844
140,212
179,684
Inventories
682,597
640,329
733,641
Total Current Liabilities
2,460,076
2,744,120
2,466,698
Payables & Accruals
- -
- -
- -
ST Debt
589,339
1,072,088
364,614
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.38%
-1.09%
4.38%
Free Cash Flow
0.54%
-6.91%
24.85%
Net Income, GAAP
42.07%
86.35%
355.11%
Sales/Revenue/Turnover
0.42%
-0.27%
6.97%
Total Cash Common Dividend
26,637.31%
85.76%
-77.85%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,494,580
1,908,622
1,638,092
1,842,952
6,884,246
2025
1,586,827
1,930,886
- -
1,979,769
7,363,988
2026
1,859,997
2,260,997
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-65
120
59
56
157.62
2025
-24
294
- -
223
717.35
2026
204
362
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
131.86
318.87
0.04
1.14
451.65
2025
- -
- -
- -
100.18
100.05
2026
0.02
0.03
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Cuong Dinh Luu
Full Time Employees
2,256
Sector
Non-energy minerals
Industry
Construction materials
Address
Ho Chi Minh City Vietnam
IPO Date
Oct 31, 2007
Website
vicemhatien.com.vn
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Business
Vicem Ha Tien Cement Joint Stock Company is a Vietnam-based building materials enterprise primarily engaged in the manufacturing, processing, and distribution of cement, clinker, and related construction products. The company operates through two primary business segments: Cement and Clinker Production, and Construction Materials and Support Services. Its product offerings include various grades of blended and ordinary Portland cement marketed under the Ha Tien brand, such as Portland Cement Blended PCB30, PCB40, and PCB50; Ordinary Portland Cement PC40 and PC50; specialized cements comprising high sulfate-resistant cement, moderate sulfate-resistant cement, low-heat hydration cement, blast-furnace slag cement, and masonry cement (MC25); commercial Portland clinker; ready-mixed concrete; dry-mixed mortar; and quarry aggregates. Additionally, the company provides domestic marine and road freight transport, port stevedoring, warehousing, industrial equipment maintenance, and industrial waste co-processing services. Vicem Ha Tien serves residential, commercial, industrial, and civil infrastructure sectors primarily across Southern Vietnam and the Mekong Delta, supported by an integrated manufacturing and distribution network that includes clinker production facilities and grinding stations located in Kien Giang, Binh Phuoc, Ho Chi Minh City, Long An, and Khanh Hoa. In recent operational developments, the company has advanced its decarbonization and circular economy roadmap by expanding the co-processing of alternative fuels and raw materials—utilizing industrial solid waste, sludge, and biomass in its clinker kilns to substitute traditional fossil fuels—while deploying waste heat recovery (WHR) power generation systems to curb electrical grid reliance, rolling out low-carbon eco-labeled cement product lines to comply with tightening sustainable construction standards, and modernizing its supply chain and riverway logistics network to improve regional distribution efficiency. Founded in 1964 as the Ha Tien Cement Plant, Vicem Ha Tien Cement Joint Stock Company operates as a core subsidiary of the state-owned Vietnam Cement Industry Corporation (VICEM) and is headquartered in Ho Chi Minh City, Vietnam.