Dashboard
1
With a Operating Losses, the company has a Weak Long Term Fundamental Strength
- Poor long term growth as Net Sales has grown by an annual rate of -10.32% and Operating profit at -167.01% over the last 5 years
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 10.30 times
- PRE-TAX PROFIT(Q) At VND -13,552.33 MM has Fallen at -41.08%
- NET PROFIT(Q) At VND -13,552.33 MM has Fallen at -41.08%
- CASH AND EQV(HY) Lowest at VND 9,726.59 MM
2
Risky -
3
Consistent Underperformance against the benchmark over the last 3 years
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-16.36%
0%
-16.36%
6 Months
-11.76%
0%
-11.76%
1 Year
-20.49%
0%
-20.49%
2 Years
-31.82%
0%
-31.82%
3 Years
-55.0%
0%
-55.0%
4 Years
-51.09%
0%
-51.09%
5 Years
-35.71%
0%
-35.71%
Vicem Hai Van Cement JSC for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
-10.32%
EBIT Growth (5y)
-167.01%
EBIT to Interest (avg)
-3.19
Debt to EBITDA (avg)
10.30
Net Debt to Equity (avg)
0.26
Sales to Capital Employed (avg)
0.98
Tax Ratio
0
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
1.32%
ROE (avg)
0.33%
Valuation key factors
Factor
Value
P/E Ratio
Industry P/E
Price to Book Value
NA
EV to EBIT
-6.17
EV to EBITDA
1.84
EV to Capital Employed
0.20
EV to Sales
0.19
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-3.23%
ROE (Latest)
-12.15%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
No Trend
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQ
Dec'25
Sep'25
Change(%)
Net Sales
104,510.10
116,200.50
-10.06%
Operating Profit (PBDIT) excl Other Income
-2,733.80
14,478.50
-118.88%
Interest
448.30
727.50
-38.38%
Exceptional Items
0.00
0.00
Consolidate Net Profit
-13,552.30
-8,943.20
-51.54%
Operating Profit Margin (Excl OI)
-26.20%
18.40%
-4.46%
USD in Million.
Net Sales
QoQ Growth in quarter ended Dec 2025 is -10.06% vs -7.49% in Sep 2025
Consolidated Net Profit
QoQ Growth in quarter ended Dec 2025 is -51.54% vs 5.88% in Sep 2025
Annual Results Snapshot (Consolidated) - Dec'25
Dec'25
Dec'24
Change(%)
Net Sales
431,084.10
347,809.20
23.94%
Operating Profit (PBDIT) excl Other Income
-393.40
12,871.20
-103.06%
Interest
2,913.60
4,120.50
-29.29%
Exceptional Items
0.00
0.00
Consolidate Net Profit
-45,722.10
-43,833.80
-4.31%
Operating Profit Margin (Excl OI)
-0.90%
9.10%
-1.00%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2025 is 23.94% vs -32.06% in Dec 2024
Consolidated Net Profit
YoY Growth in year ended Dec 2025 is -4.31% vs 31.64% in Dec 2024
About Vicem Hai Van Cement JSC 
Vicem Hai Van Cement JSC
Building Products
VICEM Haivan Cement Joint Stock Company, formerly Hai Van Cement Joint Stock Company (HVC), is a Vietnam-based company engaged in the production of construction materials. The Company manufactures five types of cement products, including Portland Cement Blended (PCB) 30, PCB 40, Portland Cement (PC) 40, PC 50 and sulfate resistant PCB. It also processes cement for Hoang Thach Cement Company, Bim Son Cement Joint Stock Company and Ha Tien 1 Cement Joint Stock Company. In addition, the Company is involved in the trading, import and export of cement and clinker, as well as the mining of cement additives and raw construction materials. The Company is a 76.55%-owned subsidiary of Vietnam Cement Industry Corporation (Vicem).
Company Coordinates 
Company Details
So 65 Nguyen Van Cu, Quan Lien Chieu , DA NANG None : None
Registrar Details






