Saigon Beer Alcohol Beverage Corp.

Saigon Beer Alcohol Beverage Corp.

HHOSE:SAB
43,400.00
VND
+100.00
(+0.23%)
62.20TMarket Cap
Saigon Beer Alcohol Beverage Corp.
HOSE:SAB
(Ho Chi Minh Stock Exchange)

Recent

price

43,400.00

P/E

ratio

- -

div

yld

4.65%

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
28,028.7
29,549.49
21,801.14
20,563.32
27,272.81
23,750.4
24,850.58
20,184.74
- -
Revenue per Share
3,257.1
3,940.05
3,682.86
2,867.11
4,072.98
3,210.45
3,376.14
3,448.99
- -
Basic EPS, GAAP
3,293.68
3,692.62
2,932.54
2,485.89
2,998.18
1,419.8
3,170.6
2,851.59
2,237.8
Free Cash Flow per Basic Share
3,032.02
886.48
2,911.38
854.78
1,885.96
2,615.15
3,632.22
5,077.86
2,018.68
Dividend per Share
11,731.49
14,662.26
15,547.18
16,546.15
18,042.24
18,878.08
18,152.82
16,492.6
15,255.23
Book Value per Share
10,989.04
13,927.95
14,811.95
15,818.56
17,322.01
18,158.36
17,406.38
15,378.54
14,038.78
Tangible Book Value per Share
1,283
1,283
1,283
1,283
1,283
1,283
1,283
1,283
1,318
Basic Weighted Avg Shares
35,948,553
37,899,060
27,961,324
26,373,746
34,979,084
30,461,367
31,872,417
25,888,192
- -
Sales/Revenue/Turnover
12.35
14.51
17.67
13.31
15.72
12.51
13.92
16.59
- -
Operating Margin (%)
634,593
647,248
593,452
557,478
561,105
570,032
548,884
730,272
- -
Depreciation Expense
4,177,432
5,053,364
4,723,497
3,677,252
5,223,851
4,117,605
4,330,113
4,423,540
- -
Net Income, GAAP
18.32
19.68
19.22
19.1
19.28
20.77
20.41
19.09
- -
Effective Tax Rate (%)
11.62
13.33
16.89
13.94
14.93
13.52
13.59
17.09
- -
Profit Margin (%)
8,764,471
13,076,772
14,340,338
15,619,013
17,646,362
18,328,797
16,409,592
13,260,697
13,942,555
Working Capital
14,618
494,245
526,264
341,226
374,433
170,828
169,444
167,936
167,072
LT Debt
16,111,868
20,076,247
21,215,276
22,594,786
24,590,846
25,485,158
24,437,093
22,999,815
21,454,838
Total Equity
- -
26.93
21.61
16.07
21.24
15.63
16.82
17.54
- -
Return on Invested Capital (%)
- -
25.19
21.06
15.25
20.39
15.52
16.41
17.82
- -
Return on Capital (%)
- -
29.86
24.38
17.87
23.55
17.39
18.23
19.91
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
267,584
140,371
200,074
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,283
1,283
1,283
Market Capitalization
62,845,556
56,817,513
62,204,275

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
22,140,978
22,187,871
23,511,205
Cash, Cash Equivalents & STI
19,002,371
19,448,751
20,728,943
Accounts Receivable, Net
697,568
691,788
776,259
Inventories
2,027,352
2,062,975
1,900,426
Total Current Liabilities
8,880,281
5,953,544
9,568,649
Payables & Accruals
- -
- -
- -
ST Debt
267,584
140,371
200,074
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.8%
-5.88%
Free Cash Flow
- -
13.2%
-10.06%
Net Income, GAAP
- -
1.21%
2.16%
Sales/Revenue/Turnover
- -
-0.02%
-18.78%
Total Cash Common Dividend
- -
33.47%
39.8%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,183,512
8,086,286
7,670,109
8,932,511
31,872,417
2025
5,810,729
6,804,334
- -
6,836,552
25,888,192
2026
6,457,180
6,888,033
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
758
949
849
729
3,376.14
2025
593
916
- -
800
3,448.99
2026
897
871
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,475.94
48.15
1,971.22
41.56
3,632.22
2025
1,915.62
39.48
- -
17.99
5,077.86
2026
1,942.41
52.65
- -
- -
- -
Business
Saigon Beer Alcohol Beverage Corporation (SABECO) is a Vietnam-based company primarily engaged in the brewing, production, marketing, and distribution of beer, alcoholic beverages, and non-alcoholic drinks. Tracing its operational heritage to 1875 and established as a corporate entity in 2003, the company is headquartered in Ho Chi Minh City, Vietnam, and operates as a subsidiary of Thai Beverage Public Company Limited (ThaiBev). The company operates an integrated supply chain spanning brewing, malt and beverage processing, packaging manufacturing, warehousing, and nationwide logistics infrastructure. The company's portfolio of products and services comprises: mainstream, premium, and craft-style beers under prominent brand families, including Bia Saigon (featuring Bia Saigon Lager, Bia Saigon Export, Bia Saigon Special, Bia Saigon Chill, and Bia Saigon Gold), 333 Beer, 333 Pilsner, and Bia Lac Viet; non-alcoholic beverages and soft drinks, including bottled natural mineral water, carbonated soft drinks, and flavored malt beverages; industrial packaging materials and components, including aluminum beverage cans, crown caps, returnable glass bottles, and corrugated cartons; mechanical engineering, technical maintenance, and installation services for brewery and beverage production facilities; as well as freight transportation, cold-chain storage, warehousing, and wholesale supply chain distribution services. SABECO distributes its products across Vietnam through a nationwide network of distributors, modern trade retailers, and hospitality venues, while also exporting to more than 30 international markets across Asia, Europe, North America, and Oceania. In recent developments, SABECO has executed significant strategic expansions and product portfolio innovations. In late 2024, the corporation completed the acquisition of an additional 43.2 percent equity interest in Saigon - Binh Tay Beer Joint Stock Company (Sabibeco Group), increasing its total ownership to 59.6 percent and making Sabibeco a consolidated subsidiary. This transaction expanded SABECO's manufacturing footprint to 26 breweries with a combined annual production capacity exceeding 3.0 billion liters. In August 2024, the company broadened its brand lineup with the introduction of 333 Pilsner, formulated with imported European hops to capture rising consumer demand for lighter, premium lager styles. In November 2024, the company inaugurated the SABECO Beer Research & Development Centre (SRC), establishing an advanced pilot brewing and testing facility dedicated to developing proprietary brewing techniques and evaluating domestic ingredients. In early 2025, SABECO rolled out a comprehensive brand and packaging refresh for Bia Lac Viet following international brewing awards, reinforcing its ongoing portfolio premiumization, digital route-to-market transformation, and operational sustainability programs.