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    Process industries

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    Containers/Packaging
Thuan Duc Joint Stock Co

Thuan Duc Joint Stock Co

HHOSE:TDP
28,000.00
VND
-1,000.00
(-3.45%)
2.44TMarket Cap
Thuan Duc Joint Stock Co
HOSE:TDP
(Ho Chi Minh Stock Exchange)

Recent

price

28,000.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
7,737.28
12,405.46
1,597.17
25,294.26
33,665.84
41,101.57
45,600.29
48,597.89
- -
Revenue per Share
374.08
641.55
84.41
899.97
971.76
455.64
977.97
985.15
- -
Basic EPS, GAAP
-2,045.44
-1,987.88
-17.87
-1,297.72
-2,500.69
-1,324.59
1,560.12
1,404.41
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
3,150.15
5,789.23
6,539.93
6,780.95
7,660.06
8,874.09
10,393.11
11,387.84
13,635.89
Book Value per Share
3,149.61
5,787.95
6,537.99
6,770.76
7,635.63
8,848.57
10,375.21
11,376.77
13,627.87
Tangible Book Value per Share
96
96
861
96
96
93
96
98
94
Basic Weighted Avg Shares
746,411
1,196,749
1,375,702
2,440,109
3,247,696
3,819,708
4,379,118
4,763,794
- -
Sales/Revenue/Turnover
9.41
10.67
12.48
8.13
7.26
6.33
6.39
5.57
- -
Operating Margin (%)
20,333
31,620
44,920
54,272
62,656
62,352
63,726
59,680
- -
Depreciation Expense
36,088
61,890
72,708
86,819
93,745
42,344
93,918
96,569
- -
Net Income, GAAP
20.51
20.2
23.68
21.42
24.02
39.96
27.01
25.46
- -
Effective Tax Rate (%)
4.83
5.17
5.29
3.56
2.89
1.11
2.14
2.03
- -
Profit Margin (%)
84,854
201,248
202,807
84,444
100,211
61,162
294,099
260,613
438,910
Working Capital
33,250
130,672
121,988
315,229
283,468
201,173
239,147
254,531
267,577
LT Debt
303,893
558,484
630,904
720,343
813,727
856,071
1,019,904
1,116,290
1,277,677
Total Equity
- -
5.48
4.65
4.27
3.49
1.49
3.1
2.57
- -
Return on Invested Capital (%)
- -
8.91
8.57
8.38
7.7
5.35
6.66
6.27
- -
Return on Capital (%)
- -
14.35
12.23
12.85
12.22
5.07
10.01
9.04
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,654,199
2,743,314
2,878,917
LT Borrowings
234,577
236,861
248,540
LT Finance Leases
19,954
17,792
19,036
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
98
94
94
Market Capitalization
2,584,288
2,500,075
2,436,189

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,358,916
3,466,987
3,835,934
Cash, Cash Equivalents & STI
1,491,502
1,519,968
1,882,755
Accounts Receivable, Net
416,689
475,305
492,742
Inventories
1,139,130
1,193,184
1,229,481
Total Current Liabilities
3,098,303
3,087,701
3,397,024
Payables & Accruals
- -
- -
- -
ST Debt
2,654,199
2,743,314
2,878,917
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
12.19%
9.45%
Free Cash Flow
- -
105.41%
-8.11%
Net Income, GAAP
- -
19.44%
2.82%
Sales/Revenue/Turnover
- -
30.3%
8.78%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,097,861
2,103,885
1,058,875
1,123,026
4,379,118
2025
1,060,524
1,119,559
- -
1,293,499
4,763,794
2026
1,448,212
1,462,124
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
181.6
501.65
286.78
183
977.97
2025
173.43
292
- -
258
985.15
2026
356.14
526
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Thuan Duc Joint Stock Company is a Vietnam-based manufacturer and distributor of polypropylene (PP) packaging and recycled plastic products. Founded in 2007 and headquartered in Hung Yen Province, Vietnam, the company operates an integrated, closed-loop production model encompassing plastic recycling, extrusion, weaving, gravure and flexographic printing, lamination, and fabrication. The company's primary product offerings include agricultural and industrial packaging solutions, such as PP woven bags for animal feed, fertilizers, rice, and chemicals; reusable consumer packaging, comprising PP woven shopping bags, PP non-woven shopping bags, recycled polyethylene terephthalate (RPET) bags, and insulated cooler bags; and industrial materials, including recycled polypropylene granules, PP woven fabrics, and traded plastic resins. Thuan Duc caters to domestic agricultural and industrial sectors as well as international export markets across the United States, the European Union, and Japan, supplying multinational retail and commercial enterprises. In recent corporate developments, the company has scaled its manufacturing facilities and production capabilities, executed public bond issuances and capital increase programs through shareholder rights offerings and share dividends to support operational expansion, and broadened its sustainable RPET and recycled polymer product lines to align with evolving global circular economy standards.