Asia300

Vietnam Dairy Products Corp.

Vietnam

  • 1m
  • 3m
  • 6m
  • 1y
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Aug 18, 2017
Prev close: 149,200
Aug 18, 2017
Market cap:
Market cap(USD):
216,537.50B
9,527.34M
Shares: 1,451.32M

Currency in VND

Company profile

Market(Ticker): STC(VNM)
Sector:
Industry:
Consumer Non-Durables
Food: Meat/Fish/Dairy
Full time employees: 6,981

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 2016

  • Local currency
  • US Dollar
Revenue 46,794.33B
Gross profit 22,190.58B
Operating income 10,534.05B
Income before tax 11,237.62B
Net income 8,425.58B
EBITDA 11,743.25B
Diluted EPS 5,831
Dividends per share 5,333.33
Total assets 29,378.65B
Total liabilities 6,972.70B
Total equity 22,168.56B
Operating cash flow 8,980.49B

Currency in VND

Revenue 2,092.28M
Gross profit 992.19M
Operating income 471.00M
Income before tax 502.46M
Net income 376.72M
EBITDA 525.06M
Diluted EPS 0.26
Dividends per share 0.23
Total assets 1,290.17M
Total liabilities 306.20M
Total equity 973.54M
Operating cash flow 401.53M

Currency in USD

Valuation measures

Dec 2016

PER 21.54
ROA 29.63%
ROE 39.31%
Operating margin 22.51%
Profit margin 18.00%

Key executive

  • Chief Executive Officer & Director: Lien Kieu Mai
  • Chief Operating Officer & Chief Sales Officer: Anh Hoai Mai
  • Chief Research & Development Officer: Khanh Quoc Nguyen
  • Chief HR & Administration Officer: Huong Thi Bui
  • Co-Secretary & Director-Foreign Branch: Thanh Truc Quang Le

Share holders

  • State Capital Investment Corp. (Investment Company)(44.7%)
  • Fraser & Neave Ltd.(16.0%)
  • Matthews International Capital Management LLC(3.8%)
  • Genesis Investment Management LLP(1.9%)
  • Arisaig Partners (Asia) Pte Ltd.(1.6%)
  • VinaCapital Investment Management Ltd. (Invt Mgmt)(1.5%)
  • LGM Investments Ltd.(1.1%)
  • Dragon Capital Management Co. Ltd.(0.7%)
  • Amersham Industries Ltd.(0.7%)
  • Platinum Investment Management Ltd.(0.6%)

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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