Vietnam Dairy Products Corp.
In the news
- SK Hynix surges to top Asia300 company rankings as trade war takes toll Jul 10, 2019
- Vietnamese developer raises fresh capital for affordable housing May 18, 2018
- Investment floods into Mekong Delta May 9, 2018
- Jardine Matheson appoints first board member to Vinamilk Apr 2, 2018
- Vietnam's most powerful man strives to put stamp on economy Mar 27, 2018 See more articles on Vietnam Dairy Products Corp.
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.
Business Summary
Financial Highlights
| Dec 2020 | VND | USD |
| Revenue | 59,636.28B | 2,566.56M |
| Gross Profit | 26,896.47B | 1,157.54M |
| Operating income | 12,274.42B | 528.25M |
| Income before tax | 13,518.53B | 581.79M |
| Net income | 9,967.77B | 428.98M |
| EBITDA | 14,470.33B | 622.75M |
| Diluted EPS | 4,770.06 | 0.20 |
| Dividends Per Share | 3,766.66 | 0.16 |
| Total Assets | 48,484.99B | 2,100.50M |
| Total liabilities | 14,837.87B | 642.81M |
| Total equity | 31,297.18B | 1,355.88M |
| Operating cash flow | 11,320.69B | 487.20M |
| Currency in VND | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 46,794.33B | 51,041.07B | 52,561.94B | 56,318.12B | 59,636.28B |
| Gross Profit | 22,190.58B | 24,108.36B | 24,583.56B | 26,380.08B | 26,896.47B |
| Operating income | 10,534.05B | 11,441.02B | 11,328.07B | 12,201.94B | 12,274.42B |
| Income before tax | 11,237.62B | 12,228.94B | 12,051.69B | 12,795.70B | 13,518.53B |
| Net income | 8,425.58B | 9,224.00B | 9,220.58B | 9,538.48B | 9,967.77B |
| EBITDA | 11,743.25B | 12,765.51B | 12,945.64B | 14,138.99B | 14,470.33B |
| Diluted EPS | 4,049.30 | 3,677.93 | 4,412.24 | 4,564.58 | 4,770.06 |
| Dividends Per Share | 3,703.69 | 3,472.21 | 3,472.22 | 3,749.99 | 3,766.66 |
| Total Assets | 29,378.65B | 34,732.61B | 37,407.76B | 44,741.97B | 48,484.99B |
| Total liabilities | 6,972.70B | 10,859.55B | 11,136.39B | 15,010.72B | 14,837.87B |
| Total equity | 22,168.56B | 23,375.26B | 25,781.13B | 27,504.05B | 31,297.18B |
| Operating cash flow | 8,980.49B | 10,356.55B | 8,922.87B | 12,080.19B | 11,320.69B |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 2,092.28M | 2,246.84M | 2,282.72M | 2,424.60M | 2,566.56M |
| Gross Profit | 992.19M | 1,061.25M | 1,067.64M | 1,135.71M | 1,157.54M |
| Operating income | 471.00M | 503.63M | 491.96M | 525.31M | 528.25M |
| Income before tax | 502.46M | 538.32M | 523.39M | 550.87M | 581.79M |
| Net income | 376.72M | 406.04M | 400.44M | 410.64M | 428.98M |
| EBITDA | 525.06M | 561.94M | 562.21M | 608.70M | 622.75M |
| Diluted EPS | 0.18 | 0.16 | 0.19 | 0.19 | 0.20 |
| Dividends Per Share | 0.16 | 0.15 | 0.15 | 0.16 | 0.16 |
| Total Assets | 1,290.17M | 1,529.46M | 1,612.75M | 1,930.82M | 2,100.50M |
| Total liabilities | 306.20M | 478.20M | 480.12M | 647.78M | 642.81M |
| Total equity | 973.54M | 1,029.33M | 1,111.49M | 1,186.92M | 1,355.88M |
| Operating cash flow | 401.53M | 455.89M | 387.51M | 520.07M | 487.20M |
Valuation Measures
| Dec 2020 | |
| PER | 22.80 |
| ROA | 21.38% |
| ROE | 33.90% |
| Operating margin | 20.58% |
| Profit margin | 16.71% |
Key executives
- Chief Executive Officer & Director: Lien Kieu Mai
- Chief Research & Development Officer: Khanh Quoc Nguyen
- Chief HR & Administration Officer: Huong Thi Bui
- Co-Secretary & Director-Foreign Branch: Thanh Truc Quang Le
- Chief Dairy Farm Officer: Dung Quoc Trinh
Shareholders
- State Capital Investment Corp. (Investment Company) (36.0%)
- Fraser & Neave Ltd. (20.3%)
- Jardine Cycle & Carriage Ltd. (10.6%)
- Genesis Investment Management LLP (1.6%)
- Matthews International Capital Management LLC (1.5%)
- Employees Provident Fund (1.2%)
- BLI - Banque de Luxembourg Investments SA (0.7%)
- APG Asset Management NV (0.7%)
- First Sentier Investors (Hong Kong) Ltd. (0.6%)
- Schroder Investment Management (Singapore) Ltd. (0.6%)
Contact Details
- Website:http://www.vinamilk.com.vn
- Address: 10 Tan Trao Street, Tan Phu Ward, Ho Chi Minh City, 70000, Vietnam
- Phone: +84.28.54.155.555
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Competitors
- KIDO Group Corporation
- Del Monte Pacific Limited
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Last Updated on 30 Jul, 2021
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