Stock DNA
Building Products
VND 679,579 Million (Small Cap)
NA (Loss Making)
NA
0.00%
0.99
-7.73%
0.64
Revenue and Profits:
Net Sales:
672,229 Million
(Quarterly Results - Jun 2025)
Net Profit:
12,427 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-1.82%
0%
-1.82%
6 Months
5.88%
0%
5.88%
1 Year
10.2%
0%
10.2%
2 Years
-3.57%
0%
-3.57%
3 Years
-22.86%
0%
-22.86%
4 Years
-56.8%
0%
-56.8%
5 Years
20.0%
0%
20.0%
VICEM But Son 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)
-3.80%
EBIT Growth (5y)
-187.25%
EBIT to Interest (avg)
0.45
Debt to EBITDA (avg)
4.96
Net Debt to Equity (avg)
1.09
Sales to Capital Employed (avg)
1.15
Tax Ratio
0
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
2.50%
ROE (avg)
1.71%
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
0.61
EV to EBIT
-16.38
EV to EBITDA
12.92
EV to Capital Employed
0.80
EV to Sales
0.62
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-4.91%
ROE (Latest)
-11.26%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bullish
RSI
Bearish
No Signal
Bollinger Bands
Sideways
Sideways
Moving Averages
Bullish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bullish
Bearish
OBV
Mildly Bullish
Mildly Bullish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ
Jun'25
Mar'25
Change(%)
Net Sales
672,228.90
613,864.20
9.51%
Operating Profit (PBDIT) excl Other Income
71,949.10
38,443.20
87.16%
Interest
15,948.50
16,684.20
-4.41%
Exceptional Items
0.00
0.00
Consolidate Net Profit
12,426.70
-28,534.80
143.55%
Operating Profit Margin (Excl OI)
20.30%
-32.20%
5.25%
USD in Million.
Net Sales
QoQ Growth in quarter ended Jun 2025 is 9.51% vs -20.25% in Mar 2025
Consolidated Net Profit
QoQ Growth in quarter ended Jun 2025 is 143.55% vs 62.41% in Mar 2025
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
2,609,613.60
2,573,299.30
1.41%
Operating Profit (PBDIT) excl Other Income
53,463.00
159,247.40
-66.43%
Interest
74,328.80
88,597.20
-16.10%
Exceptional Items
0.00
0.00
Consolidate Net Profit
-201,794.90
-96,254.70
-109.65%
Operating Profit Margin (Excl OI)
-68.80%
-19.70%
-4.91%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 1.41% vs -17.66% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is -109.65% vs -278.48% in Dec 2023
About VICEM But Son Cement JSC 
VICEM But Son Cement JSC
Building Products
VICEM ButSon Cement Joint Stock Company (BUSOCO) , formerly But Son Cement Joint Stock Company, is a Vietnam-based cement manufacturer. The Company mainly manufactures and markets cement, clinker, and related products for construction purposes. Main products include Portland cement blended of different grades. It is also involved in the provision of transportation services via ground-way, domestic water-way and deep sea, as well as sea port and river port uploading and unloading services. Moreover, it is active in the provision of mechanical repair and maintenance services, real estate trading, the operation of hotels and restaurants, as well as the provision of construction consultancy services. The Company is a subsidiary of Vietnam Cement Industry Corporation (VICEM).
Company Coordinates 
Company Details
Xa Thanh Son, huyen Kim Bang , HA NAM None : None
Registrar Details






