Cash flow Thong Nhat Rubber

Stocks

TNC

VN000000TNC3

Tires & Rubber Products

End-of-day quote Ho Chi Minh S.E. Other stock markets 2026-06-19			5-day change	1st Jan Change
30,300.00 ^VND	-6.91%		-0.16%	-7.06%

05-22	Thong Nhat Rubber Joint Stock Company Provides Earnings Guidance for the Year 2026	CI
05-22	Thong Nhat Rubber Joint Stock Company Provides Dividend Guidance for 2026	CI

9395684231496f70105b0d4d.l6205bXkIk3yTPo-vg7G_VsuNpVnMYo06qBvmEf1wY0.2ObfoufQUX2eBqlH5Hmtnx96BKI-B_NB3MYq6h2t8bzB-sGw0dYbfqIPmQ

Published financial data: THONG NHAT RUBBER

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2014	2023	2024	2025
Revenues	63.87B	130B	143B	166B
Total Revenues	63.87B	130B	143B	166B
Cost of Goods Sold, Total	64.23B	108B	104B	123B
Gross Profit	-355M	21.57B	39.07B	42.56B
Selling General & Admin Expenses, Total	7.98B	13.13B	21.3B	24.58B
Other Operating Expenses, Total	7.98B	13.13B	21.3B	24.58B
Operating Income	-8.34B	8.44B	17.76B	17.98B
Interest Expense, Total	-	-466M	-	-
Interest And Investment Income	12.08B	24.44B	17.17B	17.27B
Net Interest Expenses	12.08B	23.98B	17.17B	17.27B
Currency Exchange Gains (Loss)	766K	-	-	-
Other Non Operating Income (Expenses)	-137M	-2.8B	-11.41B	-451M
EBT, Excl. Unusual Items	3.6B	29.62B	23.52B	34.8B
Gain (Loss) On Sale Of Assets	17.77B	7.54B	22.8B	22.41B
EBT, Incl. Unusual Items	21.37B	37.16B	46.32B	57.21B
Income Tax Expense	3.87B	4.32B	5.91B	7.96B
Earnings From Continuing Operations	17.5B	32.84B	40.41B	49.25B
Net Income to Company	17.5B	32.84B	40.41B	49.25B
Net Income - (IS)	17.5B	32.84B	40.41B	49.25B
Preferred Dividend and Other Adjustments	-	10.17B	10.67B	12.61B
Net Income to Common Incl Extra Items	17.5B	22.67B	29.74B	36.64B
Net Income to Common Excl. Extra Items	17.5B	22.67B	29.74B	36.64B
Per Share Items
Net EPS - Basic	909.16	1.18K	1.54K	1.9K
Basic EPS - Continuing Operations	909.16	1.18K	1.54K	1.9K
Basic Weighted Average Shares Outstanding	19.25M	19.25M	19.25M	19.25M
Net EPS - Diluted	909.16	1.18K	1.54K	1.9K
Diluted EPS - Continuing Operations	909.16	1.18K	1.54K	1.9K
Diluted Weighted Average Shares Outstanding	19.25M	19.25M	19.25M	19.25M
Normalized Basic EPS	116.91	961.7	763.79	1.13K
Normalized Diluted EPS	116.91	961.7	763.79	1.13K
Dividend Per Share	500	-	-	1.6K
Payout Ratio	154.25	105.69	57.1	62.54
Supplemental Items
EBITDA	-1.42B	18.16B	27.62B	26.69B
EBITA	-8.34B	8.44B	17.76B	17.98B
EBIT	-8.34B	8.44B	17.76B	17.98B
Total Revenues (As Reported)	63.87B	130B	143B	166B
Effective Tax Rate - (Ratio)	18.11	11.63	12.76	13.92
Current Domestic Taxes	3.87B	4.32B	5.91B	7.96B
Total Current Taxes	3.87B	4.32B	5.91B	7.96B
Normalized Net Income	2.25B	18.51B	14.7B	21.75B
Supplemental Operating Expense Items
Selling and Marketing Expenses	121M	1.82B	8.46B	9.7B
General and Administrative Expenses	7.86B	11.31B	12.85B	14.88B

Fiscal Period: December	2014	2023	2024	2025
Assets
Cash And Equivalents	144B	10.62B	15.06B	6.75B
Short Term Investments	10B	136B	136B	161B
Total Cash And Short Term Investments	154B	147B	151B	168B
Accounts Receivable, Total	5.95B	2.13B	4.84B	21.07B
Other Receivables	2.04B	9.92B	5.24B	6.49B
Total Receivables	7.99B	12.05B	10.07B	27.56B
Inventory	28.25B	42.66B	51.27B	38.7B
Other Current Assets, Total	14.2B	1.13B	906M	542M
Total Current Assets	205B	203B	213B	235B
Gross Property Plant And Equipment	162B	214B	208B	203B
Accumulated Depreciation	-61.15B	-84.81B	-88.67B	-92.79B
Net Property Plant And Equipment	100B	129B	120B	110B
Long-term Investments	26.81B	31.61B	33.11B	29.91B
Other Intangibles, Total	340M	0	0	0
Other Long-Term Assets, Total	354M	3.85B	7.3B	7.29B
Total Assets	333B	367B	373B	382B
Liabilities
Accounts Payable, Total	2.35B	1.49B	2.93B	2.69B
Accrued Expenses, Total	23.6B	24.08B	25.62B	27.17B
Short-term Borrowings	247M	-	-	-
Current Income Taxes Payable	1.74B	890M	1.78B	197M
Unearned Revenue Current, Total	-	-	209M	268M
Other Current Liabilities	2.97B	7.73B	2.15B	2.74B
Total Current Liabilities	30.9B	34.19B	32.68B	33.06B
Other Non Current Liabilities	-	-	393M	-
Total Liabilities	30.9B	34.19B	33.07B	33.06B
Common Stock, Total	192B	192B	192B	192B
Retained Earnings	109B	140B	148B	157B
Total Common Equity	302B	333B	340B	349B
Total Equity	302B	333B	340B	349B
Total Liabilities And Equity	333B	367B	373B	382B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.25M	19.25M	19.25M	19.25M
ECS Total Common Shares Outstanding	19.25M	19.25M	19.25M	19.25M
Book Value / Share	15.67K	17.27K	17.68K	18.14K
Tangible Book Value	301B	333B	340B	349B
Tangible Book Value Per Share	15.66K	17.27K	17.68K	18.14K
Total Debt	247M	0	0	0
Net Debt	-154B	-147B	-151B	-168B
Account Code - Inventory Valuation	6	-	6	6
Inventories - Raw Materials, Total	1.75B	5.43B	7.1B	5.05B
Inventories - Work In Process, Total	457M	27.88B	21.27B	14.1B
Inventories - Finished Goods, Total	26.86B	7.18B	21.04B	17.27B
Inventories - Others	639M	2.16B	1.85B	2.28B
Buildings, Total	39.65B	65.72B	65.72B	66.78B
Machinery, Total	25.79B	24.22B	24.41B	24.73B
Full Time Employees	-	-	-	271
Accumulated Allowance for Doubtful Accounts (Supple)	4.9B	4.98B	5.21B	5.55B

Fiscal Period: December	2014	2023	2024	2025
Net Income	17.5B	32.84B	40.41B	49.25B
Depreciation & Amortization - CF	6.92B	9.71B	9.86B	8.7B
Depreciation & Amortization, Total	6.92B	9.71B	9.86B	8.7B
(Gain) Loss From Sale Of Asset	-29.85B	-29.95B	-28.57B	-39.67B
Other Operating Activities, Total	-4.64B	-11.34B	-6.77B	-10.65B
Change In Accounts Receivable	14.62B	9.67B	-1.27B	-16.7B
Change In Inventories	2.83B	4.76B	-10.37B	12.57B
Change In Accounts Payable	159M	-3.69B	-3.72B	1.42B
Change in Other Net Operating Assets	125M	-994M	-3.44B	5.48M
Cash from Operations	7.66B	11.01B	-3.87B	4.92B
Capital Expenditure	-9.91B	-6.8B	-7.49B	-8.38B
Sale of Property, Plant, and Equipment	21.73B	6.68B	19.52B	31.27B
Investment in Marketable and Equity Securities, Total	-	-	-	-21.8B
Other Investing Activities, Total	12.14B	50.45B	19.36B	16.47B
Cash from Investing	23.97B	50.34B	31.38B	17.56B
Long-Term Debt Issued, Total	-	10B	-	-
Total Debt Issued	-	10B	-	-
Long-Term Debt Repaid, Total	-	-30B	-	-
Total Debt Repaid	-	-30B	-	-
Common Dividends Paid	-27B	-34.71B	-23.08B	-30.8B
Common & Preferred Stock Dividends Paid	-27B	-34.71B	-23.08B	-30.8B
Cash from Financing	-27B	-54.71B	-23.08B	-30.8B
Net Change in Cash	4.64B	6.64B	4.44B	-8.31B
Supplemental Items
Cash Interest Paid	-	576M	-	-
Cash Income Tax Paid (Refund)	3.44B	8.57B	5.02B	9.54B
Levered Free Cash Flow	9.82B	-	5.55B	7.39B
Unlevered Free Cash Flow	9.82B	-	5.55B	7.39B
Change In Net Working Capital	-18.02B	-	7.92B	4.17B
Net Debt Issued / Repaid	-	-20B	-	-

Fiscal Period: December	2014	2023	2024	2025
Profitability
Return on Assets	-1.53	-	3	2.97
Return on Total Capital	-1.69	-	3.3	3.26
Return On Equity %	5.66	-	12.01	14.29
Return on Common Equity	5.66	-	8.84	10.63
Margin Analysis
Gross Profit Margin %	-0.56	16.66	27.29	25.64
SG&A Margin	12.5	10.14	14.88	14.81
EBITDA Margin %	-2.22	14.02	19.29	16.08
EBITA Margin %	-13.06	6.52	12.41	10.83
EBIT Margin %	-13.06	6.52	12.41	10.83
Income From Continuing Operations Margin %	27.4	25.35	28.22	29.67
Net Income Margin %	27.4	25.35	28.22	29.67
Net Avail. For Common Margin %	27.4	17.5	20.77	22.07
Normalized Net Income Margin	3.52	14.29	10.27	13.1
Levered Free Cash Flow Margin	15.38	-	3.88	4.45
Unlevered Free Cash Flow Margin	15.38	-	3.88	4.45
Asset Turnover
Asset Turnover	0.19	-	0.39	0.44
Fixed Assets Turnover	0.63	-	1.15	1.44
Receivables Turnover (Average Receivables)	4.55	-	41.07	12.81
Inventory Turnover (Average Inventory)	2.11	-	2.22	2.74
Short Term Liquidity
Current Ratio	6.62	5.92	6.53	7.1
Quick Ratio	5.25	4.64	4.93	5.91
Operating Cash Flow to Current Liabilities	0.25	0.32	-0.12	0.15
Days Sales Outstanding (Average Receivables)	80.21	-	8.91	28.48
Days Outstanding Inventory (Average Inventory)	172.74	-	165.09	133.02
Average Days Payable Outstanding	18.81	-	7.18	9.24
Cash Conversion Cycle (Average Days)	234.15	-	166.83	152.26
Long Term Solvency
Total Debt/Equity	0.08	-	-	-
Total Debt / Total Capital	0.08	-	-	-
Total Liabilities / Total Assets	9.29	9.32	8.86	8.65
EBIT / Interest Expense	-	18.13	-	-
EBITDA / Interest Expense	-	38.98	-	-
(EBITDA - Capex) / Interest Expense	-	24.39	-	-
Total Debt / EBITDA	-0.17	-	-	-
Net Debt / EBITDA	108.69	-8.08	-5.47	-6.29
Total Debt / (EBITDA - Capex)	-0.02	-	-	-
Net Debt / (EBITDA - Capex)	13.59	-12.91	-7.51	-9.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-55.03	-	10.54	15.93
Gross Profit, 1 Yr. Growth %	-102.19	-	81.09	8.94
EBITDA, 1 Yr. Growth %	-108.5	-	52.13	-3.39
EBITA, 1 Yr. Growth %	-189.36	-	110.35	1.23
EBIT, 1 Yr. Growth %	-189.36	-	110.35	1.23
Earnings From Cont. Operations, 1 Yr. Growth %	-48.84	-	23.05	21.87
Net Income, 1 Yr. Growth %	-48.84	-	23.05	21.87
Normalized Net Income, 1 Yr. Growth %	-85.4	-	-20.58	-0.35
Diluted EPS Before Extra, 1 Yr. Growth %	-48.84	-	31.18	18.65
Accounts Receivable, 1 Yr. Growth %	-73.1	-	126.99	335.27
Inventory, 1 Yr. Growth %	-13.17	-	20.18	-24.52
Net Property, Plant and Equip., 1 Yr. Growth %	-1.32	-	-7.12	-7.65
Total Assets, 1 Yr. Growth %	-4.44	-	1.8	2.38
Tangible Book Value, 1 Yr. Growth %	-4.7	-	2.33	2.62
Common Equity, 1 Yr. Growth %	-4.59	-	2.33	2.62
Cash From Operations, 1 Yr. Growth %	-125.11	-	-135.18	-227.19
Capital Expenditures, 1 Yr. Growth %	-37.28	-	10.24	11.85
Levered Free Cash Flow, 1 Yr. Growth %	-129.43	-	-	33.08
Unlevered Free Cash Flow, 1 Yr. Growth %	-129.43	-	-	33.08
Dividend Per Share, 1 Yr. Growth %	-64.29	-	-	33.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-42.18	-	-	13.2
Gross Profit, 2 Yr. CAGR %	-92.01	-	-	40.46
EBITDA, 2 Yr. CAGR %	-83.43	-	-	21.23
EBITA, 2 Yr. CAGR %	-56.16	-	-	45.92
EBIT, 2 Yr. CAGR %	-56.16	-	-	45.92
Earnings From Cont. Operations, 2 Yr. CAGR %	-50.44	-	-	22.46
Net Income, 2 Yr. CAGR %	-50.44	-	-	22.46
Normalized Net Income, 2 Yr. CAGR %	-76.51	-	-	8.39
Diluted EPS Before Extra, 2 Yr. CAGR %	-50.44	-	-	27.12
Accounts Receivable, 2 Yr. CAGR %	-13.89	-	-	214.33
Inventory, 2 Yr. CAGR %	-9.66	-	-	-4.76
Net Property, Plant and Equip., 2 Yr. CAGR %	0.56	-	-	-7.38
Total Assets, 2 Yr. CAGR %	-6.56	-	-	2.09
Tangible Book Value, 2 Yr. CAGR %	-4.53	-	-	2.47
Common Equity, 2 Yr. CAGR %	-4.47	-	-	2.47
Cash From Operations, 2 Yr. CAGR %	-65.44	-	-	-33.11
Capital Expenditures, 2 Yr. CAGR %	-9.7	-	-	11.04
Levered Free Cash Flow, 2 Yr. CAGR %	-56.51	-	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-56.56	-	-	-
Dividend Per Share, 2 Yr. CAGR %	-50	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-23.85	-	-	-
Gross Profit, 3 Yr. CAGR %	-82.85	-	-	-
EBITDA, 3 Yr. CAGR %	-72.27	-	-	-
EBITA, 3 Yr. CAGR %	-47.54	-	-	-
EBIT, 3 Yr. CAGR %	-47.54	-	-	-
Earnings From Cont. Operations, 3 Yr. CAGR %	-37.61	-	-	-
Net Income, 3 Yr. CAGR %	-37.61	-	-	-
Normalized Net Income, 3 Yr. CAGR %	-63.34	-	-	-
Diluted EPS Before Extra, 3 Yr. CAGR %	-37.61	-	-	-
Accounts Receivable, 3 Yr. CAGR %	-6.91	-	-	-
Inventory, 3 Yr. CAGR %	-17.16	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.29	-	-	-
Total Assets, 3 Yr. CAGR %	-1.08	-	-	-
Tangible Book Value, 3 Yr. CAGR %	-0.78	-	-	-
Common Equity, 3 Yr. CAGR %	-0.74	-	-	-
Cash From Operations, 3 Yr. CAGR %	-41.33	-	-	-
Capital Expenditures, 3 Yr. CAGR %	-4.65	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-14.39	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-14.39	-	-	-
Dividend Per Share, 3 Yr. CAGR %	-37	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-17.93	-	-	-
Gross Profit, 5 Yr. CAGR %	-60.91	-	-	-
EBITDA, 5 Yr. CAGR %	-48.65	-	-	-
EBITA, 5 Yr. CAGR %	-22.78	-	-	-
EBIT, 5 Yr. CAGR %	-22.78	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-9.96	-	-	-
Net Income, 5 Yr. CAGR %	-9.96	-	-	-
Normalized Net Income, 5 Yr. CAGR %	-35.55	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-9.96	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-22.44	-	-	-
Inventory, 5 Yr. CAGR %	12.67	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.85	-	-	-
Total Assets, 5 Yr. CAGR %	4.37	-	-	-
Tangible Book Value, 5 Yr. CAGR %	4.38	-	-	-
Common Equity, 5 Yr. CAGR %	4.4	-	-	-
Cash From Operations, 5 Yr. CAGR %	-29.08	-	-	-
Capital Expenditures, 5 Yr. CAGR %	1.77	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-18.11	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-18.31	-	-	-