1. Vietnam Stocks

  2. •

    Process industries

  3. •

    Chemicals: agricultural
Southern Fertilizer Joint Stock Company

Southern Fertilizer Joint Stock Company

HHOSE:SFG
9,910.00
VND
-340.00
(-3.32%)
522.08BMarket Cap
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
55,213.94
46,724.28
48,811.7
48,821.58
49,743.51
46,790.83
33,969.99
28,988.35
44,045.82
41,944.95
32,548.05
33,408.07
43,125.76
- -
Basic EPS, GAAP
2,457.1
2,106.54
1,796.47
1,904.82
1,919.81
1,438.5
32.14
63.17
764.04
1,056
1,186.31
624.41
668.93
- -
Free Cash Flow per Basic Share
4,783.54
5,586.8
-277.94
4,218.09
1,196.25
-3,145.93
4,286.16
615.88
-167.19
4,032.02
2,613.93
-6,645.17
-10,002.87
-3,912.13
Dividend per Share
1,295.43
1,816.64
1,814.89
1,960.25
1,303.05
1,082.66
713.57
7.45
248.51
200.21
398.24
505.85
497.75
- -
Book Value per Share
12,268.02
12,345.05
12,093.51
11,835.05
12,295.38
12,109.72
11,623.41
11,679.5
12,185.73
12,958.5
13,644.62
13,644.36
13,754.07
14,210.17
Tangible Book Value per Share
2,900.3
3,031.41
9,967.81
9,759.25
10,269.93
10,115.48
9,684.02
9,794.96
10,356.04
11,183.65
11,921.24
11,971.33
12,131.39
12,612.67
Basic Weighted Avg Shares
48
48
48
48
48
48
48
48
48
48
48
48
48
48
Sales/Revenue/Turnover
2,644,617
2,237,982
2,337,950
2,338,424
2,382,581
2,241,156
1,627,072
1,388,464
2,109,677
2,009,051
1,558,965
1,600,157
2,065,609
- -
Operating Margin (%)
6.71
6.03
4.55
4.36
4.63
4.29
1.39
0.48
2.45
2.92
-0.06
2.11
2.92
- -
Depreciation Expense
41,440
36,389
28,361
22,974
23,958
24,307
24,952
23,549
26,912
25,193
26,176
22,478
20,771
22,238
Net Income, GAAP
117,689
100,898
86,046
91,236
91,954
68,900
1,540
3,026
36,596
50,580
56,821
29,908
32,040
- -
Effective Tax Rate (%)
21.56
19.06
18.43
17.86
17.27
16.39
25.02
- -
14.98
18.87
0.28
20.07
20.37
- -
Profit Margin (%)
4.45
4.51
3.68
3.9
3.86
3.07
0.09
0.22
1.73
2.52
3.64
1.87
1.55
- -
Working Capital
11,478
38,116
381,341
371,975
367,852
339,340
301,301
316,017
342,763
402,465
410,000
396,365
429,719
457,592
LT Debt
791
- -
- -
- -
- -
- -
- -
- -
570
97
- -
- -
- -
- -
Total Equity
587,609
591,299
579,250
566,867
588,916
580,023
556,730
559,417
583,664
620,678
653,541
653,528
658,783
680,629
Return on Invested Capital (%)
- -
4.65
5.66
7.53
8.48
5.7
-0.49
-0.32
2.88
4.92
4.95
2.07
2.08
- -
Return on Capital (%)
- -
10.32
10.09
10.57
11.21
8.69
2.72
3.11
5.15
7.31
8.08
4.33
4.69
- -
Return on Common Equity (%)
- -
17.12
14.7
15.92
15.91
11.79
0.27
0.54
6.4
8.4
8.92
4.58
4.88
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
978,918
1,101,984
1,111,570
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
498,132
502,922
522,081

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,545,884
1,759,836
1,822,399
Cash, Cash Equivalents & STI
268,673
598,148
520,614
Accounts Receivable, Net
146,714
234,802
196,032
Inventories
1,035,536
700,683
801,647
Total Current Liabilities
1,116,165
1,309,459
1,364,807
Payables & Accruals
- -
- -
- -
ST Debt
978,918
1,101,984
1,111,570
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
0.8%
Free Cash Flow
-535.18%
-595.53%
50.53%
Net Income, GAAP
110.03%
223.96%
7.13%
Sales/Revenue/Turnover
1.04%
11.3%
29.09%
Total Cash Common Dividend
316.7%
668.49%
-1.6%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
344,040
447,695
298,763
509,660
1,600,157
2025
487,238
572,488
- -
327,613
2,065,609
2026
1,018,911
687,817
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
85.45
164.21
165.25
121.33
624.41
2025
133.82
251.42
- -
58.01
668.93
2026
201.58
334.55
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.11
497.42
8.27
505.85
2025
- -
- -
- -
- -
497.75
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Thanh Tan Dang
Full Time Employees
528
Sector
Process industries
Industry
Chemicals: agricultural
Address
Ho Chi Minh City Vietnam
IPO Date
Dec 1, 2014
Website
phanbonmiennam.com.vn
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Business
Southern Fertilizer Joint Stock Company (HOSE: SFG) is a Vietnam-based chemical and agricultural inputs manufacturer primarily engaged in the production, processing, and distribution of fertilizers and industrial chemicals. Founded in 1976 and headquartered in Ho Chi Minh City, Vietnam, the company operates as a subsidiary of the state-owned Vietnam National Chemical Group (Vinachem). The company offers a broad portfolio of agricultural and industrial products, comprising: compound fertilizers, including conventional, bulk-blend, and steam-granulated NPK fertilizers formulated for diverse soil types and commercial crops; phosphate fertilizers, including single superphosphate and powdered superphosphate; organic and bio-organic fertilizers; foliar fertilizers, notably marketed under the Yogen brand; single-nutrient mineral fertilizers; urban gardening crop nutrition products; industrial chemicals, consisting of sulfuric acid and sodium silicofluoride; and industrial packaging materials, including polypropylene and polyethylene bags. Additionally, the company provides agricultural machinery trading, technical agricultural consulting, warehousing, and logistics services. Southern Fertilizer Joint Stock Company manages several manufacturing facilities, including the Hiep Phuoc Fertilizer Factory in Ho Chi Minh City, the Long Thanh Superphosphate Factory in Dong Nai Province, the Cuu Long Fertilizer Factory in Vinh Long Province, and an affiliated packaging production facility, delivering a combined annual output capacity exceeding 800,000 metric tons. Its commercial operations cover Vietnam's key agricultural regions, including the Mekong Delta, Southeast region, Central Coast, and Central Highlands, alongside export markets across Southeast Asia, South Asia, East Asia, Oceania, and Africa. In recent operational and strategic developments, the company has accelerated international market expansion by securing export shipments of NPK fertilizers to the Philippines and entering the New Zealand market. Domestically, the company has established strategic partnerships with agricultural organizations such as TD Soc Trang Organic Rice Agriculture and ESG Vietnam to develop sustainable, green farming value chains, while collaborating with the Western Highlands Agriculture and Forestry Science Institute on research-driven crop nutrition solutions. The company has also reinforced its market standing through national recognition programs, earning Vietnam National Brand status for its core Southern Fertilizer and Long Thanh Superphosphate product lines.