Asia300

Vietnam Dairy Products Corp.

Vietnam

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 23, 2017
Prev close: 140,200
Mar 23, 2017
Market cap:
Market cap(USD):
203,488.41B
8,926.88M
Shares: 1,451.41M

Currency in VND

Company profile

Market(Ticker): STC(VNM)
Sector:
Industry:
Consumer Non-Durables
Food: Meat/Fish/Dairy
Full time employees: 6,661

Business summary

Vietnam Dairy Products Corp. engages in the production and distribution of dairy products. Its products include fresh milk, yoghurt, drinking yoghurt, fermented yoghurt, ice-cream, cheese, and milk powder for elders, mothers, and kids, soy bean milk, fruit juice, smoothie, atiso tea, and aloe vera through Vinamilk, Dielac, Ridielac, and V-Fresh brand names. It distributes its products in Australia, Cambodia, Philippines, and the United States. The company was founded in 1976 and is headquartered in Ho Chi Minh City, Vietnam.

Company background

Vietnam Dairy Products (Vinamilk) is Vietnam's largest food processor and deals in a wide variety of dairy products, including milk and yogurt. It is said to account for about 50% of Vietnam's dairy market.

The company was founded in 1976 and went public on the Hochiminh Stock Exchange in 2006. It is 45% owned by the government. Its high potential is recognized outside the country as well and foreign investors own 49% of the company. Its market capitalization is the second largest in Vietnam at around $5.5 billion.

According to a study by a private research agency, dairy consumption has surged more than 20-fold in Vietnam over the last 20 years, with Vinamilk contributing much to this trend.

CEO Mai Kieu Lien, who was born in France in 1953, studied milk processing in the former Soviet Union and then returned to Vietnam. She has been listed by Forbes as one of Asia's 50 Power Businesswomen.

Vinamilk went into dairy farming in 2006 in Vietnam, where there were very few dairy farmers. The company now runs five dairy farms. In view of the aging of society, it has marketed to seniors dairy products rich in calcium and vitamins.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 40,080.38B
Gross profit 16,145.90B
Operating income 8,780.87B
Income before tax 9,367.14B
Net income 7,005.67B
EBITDA 9,877.94B
Diluted EPS 4,864.16
Dividends per share 4,444.44
Total assets 27,478.17B
Total liabilities 6,554.26B
Total equity 20,692.56B
Operating cash flow 7,995.89B

Currency in VND

Revenue 1,828.02M
Gross profit 736.39M
Operating income 400.48M
Income before tax 427.22M
Net income 319.52M
EBITDA 450.52M
Diluted EPS 0.22
Dividends per share 0.20
Total assets 1,222.06M
Total liabilities 291.49M
Total equity 920.28M
Operating cash flow 364.68M

Currency in USD

Valuation measures

Dec 2015

PER 21.92
ROA 26.31%
ROE 34.70%
Operating margin 21.90%
Profit margin 17.47%

Key executive

  • Chief Executive Officer & Director: Lien Kieu Mai
  • Chief Operating Officer & Chief Sales Officer: Anh Hoai Mai
  • Chief Financial Officer & Chief Accountant: Liem Thanh Le
  • Chief Research & Development Officer: Khanh Quoc Nguyen
  • Chief HR & Administration Officer: Huong Thi Bui

Share holders

  • State Capital Investment Corp. (Investment Management)(44.7%)
  • Fraser & Neave Ltd.(15.0%)
  • Matthews International Capital Management LLC(4.0%)
  • Arisaig Partners (Asia) Pte Ltd.(1.6%)
  • VinaCapital Investment Management Ltd. (Invt Mgmt)(1.5%)
  • LGM Investments Ltd.(1.0%)
  • Genesis Investment Management LLP(0.9%)
  • Dragon Capital Management Co. Ltd.(0.7%)
  • Amersham Industries Ltd.(0.7%)
  • JPMorgan Asset Management (Singapore) Ltd.(0.4%)

Address

  • Website: http://www.vinamilk.com.vn
  • Address: 10 Tan Trao Street, Tan Phu Ward, Ho Chi Minh City, 700000, Vietnam
  • Phone: +84.8.54.155.555

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