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Thanh Thanh Cong - Bien Hoa JSC

Thanh Thanh Cong - Bien Hoa JSC

HHOSE:SBT
20,950.00
VND
-250.00
(-1.18%)
19.26TMarket Cap
Dec 02Next Earn
Thanh Thanh Cong - Bien Hoa JSC
HOSE:SBT
(Ho Chi Minh Stock Exchange)

Recent

price

20,950.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
VND
4,381.82
8,369.23
8,580.83
9,080.14
8,072.92
12,671.18
12,960.89
15,237.82
15,064.05
16,423.56
18,045.33
21,260.96
28,656.96
33,612.09
34,966.96
30,102.51
- -
Revenue per Share
1,369.93
2,257.26
1,619.75
977.56
735.61
814.12
711.46
807.28
372.45
433.41
718.18
921.35
532.08
775.9
925.78
872.44
- -
Basic EPS, GAAP
1,542.99
1,615.18
-884.39
-353.77
96.3
-3,379
-2,061.64
897.65
182.75
-260.73
-306.27
1,198.21
492.56
-668.67
-1,521.69
-1,463.05
- -
Free Cash Flow per Basic Share
729.33
1,571.71
1,958.1
836.09
2.48
401.5
0.18
0.02
267.36
272.78
397.69
83.29
90.12
90.13
90.75
104.25
- -
Dividend per Share
7,101.38
7,701.24
7,232.11
7,189.52
7,502.86
7,874.24
8,776.73
8,890.38
8,007.26
9,020.85
9,406.29
9,964.49
10,665.23
11,560.33
12,128.3
12,805.02
12,805.02
Book Value per Share
6,940.23
7,515.08
7,050.15
7,027.58
7,279.23
7,289.05
8,280.29
8,532.83
7,643.79
8,572.89
8,882.33
8,737.28
9,542.15
10,168.45
11,171.74
12,152
12,152
Tangible Book Value per Share
252
245
229
244
256
318
347
675
721
785
827
862
863
863
815
893
985
Basic Weighted Avg Shares
1,104,252
2,050,306
1,960,829
2,220,040
2,066,900
4,027,233
4,498,383
10,284,696
10,856,612
12,888,683
14,924,868
18,318,942
24,743,113
29,021,273
28,482,166
26,891,844
- -
Sales/Revenue/Turnover
30.85
26.32
13.9
7.56
7.25
9.09
6.94
5.41
0.05
4.86
7.28
5.31
5.74
5.53
5.35
3.6
- -
Operating Margin (%)
72,762
77,373
81,280
84,426
88,574
162,019
199,932
629,120
492,028
465,221
454,274
510,337
589,173
570,372
534,638
520,619
- -
Depreciation Expense
345,232
552,987
370,133
239,007
188,337
293,814
287,703
544,871
268,426
364,259
645,041
874,644
537,211
747,939
812,495
837,793
- -
Net Income, GAAP
6.78
3.15
12.35
13.24
9.28
5.13
7.23
20.11
38.52
29.17
17
16.46
15.86
11.24
12.17
7.46
- -
Effective Tax Rate (%)
31.26
26.97
18.88
10.77
9.11
7.3
6.4
5.3
2.47
2.83
4.32
4.77
2.17
2.58
2.85
3.12
- -
Profit Margin (%)
745,496
522,269
531,820
465,882
1,024,978
1,441,708
1,251,109
911,454
828,076
1,223,353
4,005,767
2,731,675
2,850,223
4,352,049
4,504,642
4,522,445
4,522,445
Working Capital
20,284
17,898
49,166
78,297
508,612
1,359,795
1,501,309
2,581,878
1,848,530
1,373,364
3,501,737
2,467,783
579,743
3,223,413
6,037,814
5,964,799
5,964,799
LT Debt
1,789,603
1,794,162
1,695,758
1,840,725
1,921,584
2,702,396
3,061,410
6,097,360
5,819,193
7,642,301
8,238,305
9,668,879
10,503,643
11,144,034
10,850,790
12,441,351
12,441,351
Total Equity
19.11
27.6
15.7
8.7
6.03
5.95
4
3.6
1.24
2.36
3.84
5
2.85
3.26
3.2
2.29
- -
Return on Invested Capital (%)
20.36
30.37
18.97
11.97
8.66
9.06
7.73
9.66
4.88
5.51
7.2
8.05
8.04
9
7.75
7.81
- -
Return on Capital (%)
20.08
30.86
21.21
13.52
10.01
11.22
8.6
11.98
4.54
5.22
7.8
9.58
5.16
6.98
7.37
7.06
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
13,196,005
12,876,514
11,875,630
LT Borrowings
5,088,341
6,210,283
5,797,534
LT Finance Leases
196,807
195,660
167,265
Preferred Equity and Hybrid Capital
216,113
216,113
216,113
Shares Outstanding
863
906
906
Market Capitalization
20,445,080
19,411,056
19,261,320

Working Capital

VND

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
22,222,618
24,796,524
24,253,525
Cash, Cash Equivalents & STI
8,283,529
9,032,972
9,069,298
Accounts Receivable, Net
2,827,245
3,625,268
2,620,139
Inventories
3,032,812
4,275,560
4,031,023
Total Current Liabilities
18,189,260
19,648,435
19,731,080
Payables & Accruals
- -
- -
- -
ST Debt
13,196,005
12,876,514
11,875,630
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.12%
8.82%
14.66%
Free Cash Flow
-120.98%
-136.4%
5.45%
Net Income, GAAP
19.73%
9.6%
3.11%
Sales/Revenue/Turnover
24.81%
13.53%
-5.58%
Total Cash Common Dividend
158,495.91%
-2,103.85%
123.83%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,366,499
7,018,742
6,159,196
9,476,836
29,021,273
2025
6,821,709
7,537,443
7,289,282
6,833,732
28,482,166
2026
- -
6,733,581
8,231,005
6,555,455
26,891,844

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
205.09
165.95
220.11
167.96
775.9
2025
228.85
212.05
210.67
159.36
925.78
2026
- -
213.17
227.11
203.17
872.44

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.02
90.13
2025
- -
- -
- -
- -
90.75
2026
- -
- -
- -
- -
104.25
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Business
Thanh Thanh Cong - Bien Hoa Joint Stock Company, operating commercially as TTC AgriS, is a Vietnam-based agribusiness enterprise engaged in high-tech agricultural farming, sugar processing, agricultural trading, renewable energy generation, and food and beverage manufacturing. Founded in 1995 and headquartered in Tay Ninh Province, Vietnam, the company functions as the agricultural flagship of TTC Group, operating across an integrated value chain encompassing agronomy research, mechanized farming, industrial refining, logistics, and multinational commodity distribution. The company serves domestic and international consumer retail channels as well as industrial customers in food processing, beverage, confectionery, and pharmaceutical sectors. The company manufactures, sells, and provides a diverse portfolio of products and services, including refined extra white sugar, refined standard white sugar, raw sugar, certified organic sugar, golden cane sugar, brown sugar, rock sugar, liquid sugar, low-glycemic index sugar, pharmaceutical-grade sugar, and tailored industrial sweetening solutions marketed under proprietary brands such as Bien Hoa Pure, Bien Hoa Daily, Bien Hoa Gold, Bien Hoa Organic, Bien Hoa Mommi, Bien Hoa Pro, Mimosa, and Bourbon; agricultural by-products and crop nutrition solutions, comprising sugarcane molasses, bagasse, microbial organic fertilizers, organo-mineral fertilizers, bio-char, and specialized soil conditioning bio-nutrients; food, plant-based beverages, and value-added agricultural goods, including packaged coconut water, coconut milk, desiccated coconut, ready-to-drink functional beverages, plant-based nutritional drinks, and processed tropical fruit products; precision agricultural services, comprising mechanized soil preparation, automated planting and harvesting, drone-assisted crop protection, certified seed cane propagation, agronomy advisory, and integrated cold-chain logistics; and renewable energy and utility services, including biomass electricity cogeneration from sugarcane bagasse, rooftop solar energy, and industrial steam supply. Thanh Thanh Cong - Bien Hoa JSC manages agricultural raw material cultivation areas and modern processing complexes across Vietnam, Laos, Cambodia, and Australia, distributing products across Vietnam's nationwide retail and industrial network and exporting to more than 50 countries across Asia, Europe, the Americas, and Oceania. In recent developments, the company completed a strategic corporate transformation and rebranding from TTC Sugar to TTC AgriS, transitioning from a conventional sugar refiner into an international high-tech agricultural platform centered on circular agriculture and sustainability. To support this strategic roadmap and multinational supply chain expansion, the company secured major cross-border financing packages, including long-term green loans and syndicated credit facilities from the International Finance Corporation and Sumitomo Mitsui Banking Corporation. The company expanded its international agricultural asset base by acquiring and developing sugarcane farming operations in Queensland, Australia, while scaling global trading and commercial distribution operations through its Singapore-based subsidiary, Global Mind Agriculture Pte. Ltd. In addition, the company deepened strategic partnerships with global agribusiness institutions to accelerate farm-to-table digital traceability, expand its certified organic and plant-based nutritional product lines, and integrate comprehensive environmental, social, and governance standards across its multinational agricultural operations.