BHN.VN Hanoi Beer Alcohol and Beverage JSC
- Market cap
- VND 6.26T
- P/E
- 10.3x
- P/B
- 1.25x
- ROE
- 12.3%
- Dividend yield
- 4.45%
- Fundamental score
- 3.6/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is BHN.VN undervalued?
Graham numberBHN.VN trades 24.2% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Hanoi Beer Alcohol and Beverage JSC fundamental analysis
18 of 22 checks passedROE 1/2
Moderate return on equity (12.3%), between 10% and 20%.
ROA 1/1
Return on assets (7.5%) is above the industry median (3.6%).
Profit Consistency 2/2
Profitable for 6 consecutive years.
Earnings Growth 5Y 0/1
Earnings per share did not grow over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (26.0%) is above the 5-year average (-6.6% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (26.0%) is above the industry median (17.5%).
Revenue Growth 1/2
Revenue grew 0.5% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (0.0%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
The company has no debt.
Interest Coverage 1/1
EBIT is 593.3x against interest expense, well covered.
PE vs Market 1/1
PE (10.7x) is below the market median (11.2x).
PE vs Industry 1/1
PE (10.7x) is below the industry median (11.2x).
PBV 0/1
Price to book (1.3x) is above the industry median (1.2x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 13.7, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 1/2
Dividend yield (4.4%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 59.6%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Hanoi Beer Alcohol and Beverage JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Hanoi Beer Alcohol and Beverage JSC
Hanoi Beer Alcohol and Beverage Joint Stock Corporation, together with its subsidiaries, engages in the production and sale of beer, fermenting malt, spirits, non-alcoholic beverages, and mineral water. It also engages in the wholesale of rice, wheat, flour, and other grains; warehouse rental; and rental of machinery and equipment. The company offers its products under the Hanoi Draft Beer, Truc Bach Beer, Uniaqua bottled water, and Hanoi Beer brands. It operates in Vietnam,…
Full company profileHanoi Beer Alcohol and Beverage JSC financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Hanoi Beer Alcohol and Beverage JSC annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | - | 7.45T | 6.95T | 8.40T | 7.75T | 8.22T | 8.54T | 9.53T |
| Gross Profit | - | 1.98T | 1.70T | 2.32T | 1.91T | 2.19T | 2.42T | 2.79T |
| Operating Income | - | 389B | 265B | 484B | 218B | 314B | 365B | 502B |
| EBITDA | - | - | - | 1.09T | 886B | 893B | 872B | 999B |
| Net Income | - | 656B | 304B | 465B | 336B | 371B | 467B | 599B |
| EPS | - | 2,832 | 1,313 | 2,005 | 1,450 | 1,599 | 2,016 | 2,585 |
| Balance Sheet | ||||||||
| Total Assets | - | 7.68T | 7.09T | 7.26T | 7.15T | 7.26T | 7.55T | 8.03T |
| Total Liabilities | 2.59T | 1.95T | 2.25T | 1.93T | 1.84T | 1.99T | 2.15T | 2.49T |
| Shareholders' Equity | - | 5.10T | 4.19T | 4.64T | 4.63T | 4.59T | 4.72T | 4.87T |
| Cash & Short-term Investments | 1.30T | 819B | 723B | 512B | 1.16T | 1.04T | 802B | 584B |
| Cash Flow | ||||||||
| Operating Cash Flow | 1.09T | 513B | 724B | 1.04T | 482B | 945B | 541B | 706B |
| Capital Expenditure | 151B | 144B | 82.9B | 78.2B | 99.0B | 70.8B | 87.0B | 136B |
| Free Cash Flow | 942B | 369B | 641B | 960B | 383B | 874B | 454B | 570B |
| Ratios | ||||||||
| ROE | - | 12.9% | 7.3% | 10.0% | 7.3% | 8.1% | 9.9% | 12.3% |
| ROA | - | 8.5% | 4.3% | 6.4% | 4.7% | 5.1% | 6.2% | 7.5% |
| Net Profit Margin | - | 8.8% | 4.4% | 5.5% | 4.3% | 4.5% | 5.5% | 6.3% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Hanoi Beer Alcohol and Beverage JSC dividends
- Dividend yield
- 4.45%
- Forward dividend
- 2,840.00 VND
- Payout ratio
- 59.6%
- Ex-dividend date
- Sep 15, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 278B | 1,201 | 59.6% |
| 2024 | VND 345B | 1,490 | 93.1% |
| 2023 | VND 295B | 1,271 | 87.6% |
| 2022 | VND 559B | 2,410 | 120.2% |
| 2021 | VND 757B | 3,265 | 248.6% |
| 2020 | VND 20.6B | 89 | 3.1% |
| 2019 | VND 1.88T | - | - |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Hanoi Beer Alcohol and Beverage JSC
- Insiders 99.30%
- Institutions 0.00%
- Public & others 0.70%
- Shares outstanding 232M
Hanoi Beer Alcohol and Beverage JSC company profile
- Company name
- Hanoi Beer Alcohol and Beverage JSC
- Ticker
- BHN.VN
- ISIN
- VN000000BHN0
- Exchange
- Vietnam Stocks
- Sector
- Consumer Defensive
- Industry
- Beverages - Brewers
- Employees
- 525
- Fiscal year end
- December
- Address
- No. 183 Hoang Hoa Tham Street, Hanoi, Vietnam
- Phone
- 84 2 4384 53843
- Website
- habeco.com.vn
About Hanoi Beer Alcohol and Beverage JSC
Hanoi Beer Alcohol and Beverage Joint Stock Corporation, together with its subsidiaries, engages in the production and sale of beer, fermenting malt, spirits, non-alcoholic beverages, and mineral water. It also engages in the wholesale of rice, wheat, flour, and other grains; warehouse rental; and rental of machinery and equipment. The company offers its products under the Hanoi Draft Beer, Truc Bach Beer, Uniaqua bottled water, and Hanoi Beer brands. It operates in Vietnam, Taiwan, South Korea, the United Kingdom, Germany, the United States, Australia, and internationally. Hanoi Beer Alcohol and Beverage Joint Stock Corporation was founded in 1890 and is headquartered in Hanoi, Vietnam.
Hanoi Beer Alcohol and Beverage JSC management
7- Mr. Lam Que NgoCEO, Member of Management Board & Director
- Mr. Dung Xuan VuDeputy GM, Member of Management Board & Director
- Mr. An Thuan TranDeputy CEO, Member of Management Board & Director
- Mr. Thang Truong BuiDeputy CEO & Member of Management Board
- Mr. Kien Trung PhamDeputy CEO & Member of Management Board
- Ms. Thuy Thu PhamChief Accountant
- Mr. Tuan Minh TranSecretary