Cash flow Ben Thanh Rubber

Stocks

BRC

VN000000BRC2

Tires & Rubber Products

End-of-day quote Ho Chi Minh S.E. 2026-09-28			5-day change	1st Jan Change
11,000.00 ^VND	0.00%		-0.90%	-12.00%

08-10	Ben Thanh Rubber Joint Stock Company Approves Dismissal of Nguyen Minh Doan as A Member of the Board of Directors	CI
08-10	Ben Thanh Rubber Joint Stock Company Provides Earnings Guidance for the Full Year of 2026	CI

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Published financial data: BEN THANH RUBBER

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Revenues	332B	419B	437B
Total Revenues	332B	419B	437B
Cost of Goods Sold, Total	260B	336B	368B
Gross Profit	71.98B	82.62B	68.61B
Selling General & Admin Expenses, Total	46.18B	56B	44.1B
Other Operating Expenses, Total	46.18B	56B	44.1B
Operating Income	25.8B	26.61B	24.51B
Interest Expense, Total	-2.96B	-1.87B	-1.64B
Interest And Investment Income	138M	87.84M	157M
Net Interest Expenses	-2.82B	-1.79B	-1.48B
Currency Exchange Gains (Loss)	1.42B	2.19B	2.27B
Other Non Operating Income (Expenses)	-213M	121M	742M
EBT, Excl. Unusual Items	24.19B	27.14B	26.05B
EBT, Incl. Unusual Items	24.19B	27.14B	26.05B
Income Tax Expense	4.77B	5.39B	5.25B
Earnings From Continuing Operations	19.42B	21.75B	20.79B
Net Income to Company	19.42B	21.75B	20.79B
Net Income - (IS)	19.42B	21.75B	20.79B
Net Income to Common Incl Extra Items	19.42B	21.75B	20.79B
Net Income to Common Excl. Extra Items	19.42B	21.75B	20.79B
Per Share Items
Net EPS - Basic	1.57K	1.76K	1.68K
Basic EPS - Continuing Operations	1.57K	1.76K	1.68K
Basic Weighted Average Shares Outstanding	12.37M	12.37M	12.37M
Net EPS - Diluted	1.57K	1.76K	1.68K
Diluted EPS - Continuing Operations	1.57K	1.76K	1.68K
Diluted Weighted Average Shares Outstanding	12.37M	12.37M	12.37M
Normalized Basic EPS	1.22K	1.37K	1.32K
Normalized Diluted EPS	1.22K	1.37K	1.32K
Dividend Per Share	1.1K	1.2K	-
Payout Ratio	80.73	62.42	71.42
Supplemental Items
EBITDA	40.41B	41.59B	39.06B
EBITA	25.8B	26.61B	24.51B
EBIT	25.8B	26.61B	24.51B
Total Revenues (As Reported)	332B	419B	437B
Effective Tax Rate - (Ratio)	19.71	19.85	20.17
Current Domestic Taxes	-	5.39B	5.25B
Total Current Taxes	-	5.39B	5.25B
Total Deferred Taxes	4.77B	-	-
Normalized Net Income	15.12B	16.96B	16.28B
Supplemental Operating Expense Items
Selling and Marketing Expenses	34.87B	41.85B	33.89B
General and Administrative Expenses	11.31B	14.15B	10.21B

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Assets
Cash And Equivalents	25.76B	29.53B	27.15B
Short Term Investments	10.79M	355M	10.47B
Total Cash And Short Term Investments	25.77B	29.88B	37.62B
Accounts Receivable, Total	89.39B	97.12B	87.14B
Other Receivables	1.11M	34.53M	154M
Total Receivables	89.39B	97.16B	87.29B
Inventory	77.95B	89.94B	88.6B
Prepaid Expenses	69.06M	226M	159M
Other Current Assets, Total	4B	7.4B	7.62B
Total Current Assets	197B	225B	221B
Gross Property Plant And Equipment	262B	268B	269B
Accumulated Depreciation	-197B	-211B	-225B
Net Property Plant And Equipment	64.86B	56.21B	43.98B
Long-term Investments	273M	50M	50M
Other Long-Term Assets, Total	28.31B	28.22B	25.33B
Total Assets	291B	309B	291B
Liabilities
Accounts Payable, Total	27.53B	36.55B	31.92B
Accrued Expenses, Total	9.21B	12.67B	14.86B
Short-term Borrowings	40.09B	40.5B	24.14B
Current Income Taxes Payable	1.2B	900M	1.21B
Other Current Liabilities	2.75B	5.89B	6.92B
Total Current Liabilities	80.8B	96.51B	79.05B
Total Liabilities	80.8B	96.51B	79.05B
Common Stock, Total	124B	124B	124B
Additional Paid In Capital	26.34B	26.34B	26.34B
Retained Earnings	59.72B	62.49B	61.5B
Total Common Equity	210B	213B	212B
Total Equity	210B	213B	212B
Total Liabilities And Equity	291B	309B	291B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.37M	12.37M	12.37M
ECS Total Common Shares Outstanding	12.37M	12.37M	12.37M
Book Value / Share	16.95K	17.18K	17.1K
Tangible Book Value	210B	213B	212B
Tangible Book Value Per Share	16.95K	17.18K	17.1K
Total Debt	40.09B	40.5B	24.14B
Net Debt	14.33B	10.62B	-13.48B
Account Code - Inventory Valuation	-	6	6
Inventories - Raw Materials, Total	41.43B	47.43B	52.42B
Inventories - Work In Process, Total	3.51B	7.21B	9.14B
Inventories - Finished Goods, Total	32.56B	34.74B	25.7B
Inventories - Others	451M	556M	1.34B
Buildings, Total	37.85B	37.85B	37.85B
Machinery, Total	224B	230B	231B
Full Time Employees	-	231	235
Accumulated Allowance for Doubtful Accounts (Supple)	3.82B	5.72B	2.59B

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Net Income	19.42B	21.75B	20.79B
Depreciation & Amortization - CF	14.6B	14.97B	14.55B
Depreciation & Amortization, Total	14.6B	14.97B	14.55B
Other Operating Activities, Total	-5.1B	-7.71B	-9.15B
Change In Accounts Receivable	3.23B	-12.24B	2.13B
Change In Inventories	8.83B	-11.99B	1.34B
Change In Accounts Payable	419M	19.06B	-2.22B
Change in Other Net Operating Assets	-1.38B	-984M	2.05B
Cash from Operations	40.01B	22.86B	29.5B
Capital Expenditure	-5.57B	-5.93B	-1.19B
Net (Increase) Decrease in Loans Originated / Sold - Investing	1.36B	-47.57M	328M
Other Investing Activities, Total	193M	58.99M	167M
Cash from Investing	-4.02B	-5.92B	-692M
Short Term Debt Issued, Total	94.72B	97.85B	85.12B
Total Debt Issued	94.72B	97.85B	85.12B
Short Term Debt Repaid, Total	-112B	-97.44B	-101B
Total Debt Repaid	-112B	-97.44B	-101B
Common Dividends Paid	-15.68B	-13.58B	-14.85B
Common & Preferred Stock Dividends Paid	-15.68B	-13.58B	-14.85B
Cash from Financing	-33.09B	-13.17B	-31.21B
Foreign Exchange Rate Adjustments	45.11M	3.68M	21.15M
Net Change in Cash	2.95B	3.77B	-2.38B
Supplemental Items
Cash Interest Paid	3.04B	1.87B	1.69B
Cash Income Tax Paid (Refund)	4.46B	5.69B	4.94B
Levered Free Cash Flow	-	16.5B	37.61B
Unlevered Free Cash Flow	-	17.67B	38.64B
Change In Net Working Capital	-	8.01B	-9.95B
Net Debt Issued / Repaid	-17.41B	404M	-16.36B

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Profitability
Return on Assets	-	5.55	5.11
Return on Total Capital	-	6.61	6.27
Return On Equity %	-	10.3	9.8
Return on Common Equity	-	10.3	9.8
Margin Analysis
Gross Profit Margin %	21.67	19.72	15.7
SG&A Margin	13.9	13.36	10.09
EBITDA Margin %	12.16	9.92	8.94
EBITA Margin %	7.77	6.35	5.61
EBIT Margin %	7.77	6.35	5.61
Income From Continuing Operations Margin %	5.85	5.19	4.76
Net Income Margin %	5.85	5.19	4.76
Net Avail. For Common Margin %	5.85	5.19	4.76
Normalized Net Income Margin	4.55	4.05	3.73
Levered Free Cash Flow Margin	-	3.94	8.61
Unlevered Free Cash Flow Margin	-	4.22	8.84
Asset Turnover
Asset Turnover	-	1.4	1.46
Fixed Assets Turnover	-	6.92	8.72
Receivables Turnover (Average Receivables)	-	4.49	4.74
Inventory Turnover (Average Inventory)	-	4.01	4.13
Short Term Liquidity
Current Ratio	2.44	2.33	2.8
Quick Ratio	1.43	1.32	1.58
Operating Cash Flow to Current Liabilities	0.5	0.24	0.37
Days Sales Outstanding (Average Receivables)	-	81.45	76.97
Days Outstanding Inventory (Average Inventory)	-	91.32	88.47
Average Days Payable Outstanding	-	33.66	34.05
Cash Conversion Cycle (Average Days)	-	139.11	131.39
Long Term Solvency
Total Debt/Equity	19.11	19.05	11.41
Total Debt / Total Capital	16.04	16	10.24
Total Liabilities / Total Assets	27.8	31.22	27.2
EBIT / Interest Expense	8.72	14.21	14.99
EBITDA / Interest Expense	13.66	22.2	23.89
(EBITDA - Capex) / Interest Expense	11.78	19.03	23.16
Total Debt / EBITDA	0.99	0.97	0.62
Net Debt / EBITDA	0.35	0.26	-0.34
Total Debt / (EBITDA - Capex)	1.15	1.14	0.64
Net Debt / (EBITDA - Capex)	0.41	0.3	-0.36
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	26.13	4.26
Gross Profit, 1 Yr. Growth %	-	14.77	-16.96
EBITDA, 1 Yr. Growth %	-	2.91	-6.06
EBITA, 1 Yr. Growth %	-	3.14	-7.9
EBIT, 1 Yr. Growth %	-	3.14	-7.9
Earnings From Cont. Operations, 1 Yr. Growth %	-	12	-4.4
Net Income, 1 Yr. Growth %	-	12	-4.4
Normalized Net Income, 1 Yr. Growth %	-	12.19	-4.02
Diluted EPS Before Extra, 1 Yr. Growth %	-	12	-4.4
Accounts Receivable, 1 Yr. Growth %	-	8.65	-10.28
Inventory, 1 Yr. Growth %	-	15.38	-1.49
Net Property, Plant and Equip., 1 Yr. Growth %	-	-13.33	-21.77
Total Assets, 1 Yr. Growth %	-	6.36	-5.97
Tangible Book Value, 1 Yr. Growth %	-	1.32	-0.46
Common Equity, 1 Yr. Growth %	-	1.32	-0.46
Cash From Operations, 1 Yr. Growth %	-	-42.87	29.04
Capital Expenditures, 1 Yr. Growth %	-	6.44	-79.98
Levered Free Cash Flow, 1 Yr. Growth %	-	-	128
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	118.67
Dividend Per Share, 1 Yr. Growth %	-	9.09	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	14.67
Gross Profit, 2 Yr. CAGR %	-	-	-2.37
EBITDA, 2 Yr. CAGR %	-	-	-1.68
EBITA, 2 Yr. CAGR %	-	-	-2.54
EBIT, 2 Yr. CAGR %	-	-	-2.54
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	3.48
Net Income, 2 Yr. CAGR %	-	-	3.48
Normalized Net Income, 2 Yr. CAGR %	-	-	3.77
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	3.48
Accounts Receivable, 2 Yr. CAGR %	-	-	-1.27
Inventory, 2 Yr. CAGR %	-	-	6.61
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-17.66
Total Assets, 2 Yr. CAGR %	-	-	0.01
Tangible Book Value, 2 Yr. CAGR %	-	-	0.42
Common Equity, 2 Yr. CAGR %	-	-	0.42
Cash From Operations, 2 Yr. CAGR %	-	-	-14.14
Capital Expenditures, 2 Yr. CAGR %	-	-	-53.83