BMP.VN Binh Minh Plastics JSC
- Market cap
- VND 11.3T
- P/E
- 9.0x
- P/B
- 3.56x
- ROE
- 41.6%
- Dividend yield
- 9.27%
- Fundamental score
- 4.1/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is BMP.VN undervalued?
Graham numberBMP.VN trades 19.3% above 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?
Binh Minh Plastics JSC fundamental analysis
19 of 22 checks passedROE 2/2
High return on equity (41.6%), above 20%.
ROA 1/1
Return on assets (35.2%) is above the industry median (3.6%).
Profit Consistency 2/2
Profitable for 7 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (24.0%) is above the 5-year average (18.6% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (24.0%) is above the industry median (17.5%).
Revenue Growth 0/2
Revenue shrank 1.7% 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 12,401.2x against interest expense, well covered.
PE vs Market 1/1
PE (9.0x) is below the market median (11.2x).
PE vs Industry 1/1
PE (9.0x) is below the industry median (11.2x).
PBV 0/1
Price to book (3.6x) is above the industry median (1.2x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 32.1, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.48, growth is cheap.
Dividend Yield 2/2
Dividend yield (9.3%) is in the top 25% of dividend payers in the market.
Dividend Stability 1/2
Dividends paid without a cut of more than 10% for 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 84.9%, 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
Binh Minh Plastics JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Binh Minh Plastics JSC
Binh Minh Plastics Joint Stock Company manufactures and trades in plastic pipes and pipe fittings for water supply and drainage, telecommunication, electricity, and industrial and civil construction industries primarily in Vietnam. Its products portfolio includes PVC-U pipe and fittings; PP-R pipe and fittings; HDPE pipe and fittings; solvent cement; UV resistant PP-R pipe and fittings; HDPE pipe double wall corrugated and fittings; rubber seals; and sprayers products. The c…
Full company profileBinh Minh Plastics JSC financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Binh Minh Plastics 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 | 4.34T | 4.69T | 4.55T | 5.81T | 5.16T | 4.62T | 5.51T | 5.65T |
| Gross Profit | 988B | 1.25T | 704B | 1.61T | 2.12T | 1.99T | 2.54T | 2.53T |
| Operating Income | 601B | 698B | 335B | 975B | 1.33T | 1.32T | 1.66T | 1.72T |
| EBITDA | 717B | 865B | 459B | 1.04T | 1.48T | 1.35T | 1.63T | 1.75T |
| Net Income | 423B | 523B | 214B | 694B | 1.04T | 991B | 1.23T | 1.32T |
| EPS | 5,164 | 6,384 | 2,619 | 8,481 | 12,717 | 12,103 | 15,010 | 16,133 |
| Balance Sheet | ||||||||
| Total Assets | 2.85T | 3.02T | 2.84T | 3.04T | 3.26T | 3.20T | 3.38T | 3.75T |
| Total Liabilities | 381B | 551B | 545B | 423B | 565B | 499B | 501B | 576B |
| Shareholders' Equity | 2.47T | 2.47T | 2.29T | 2.62T | 2.69T | 2.70T | 2.88T | 3.17T |
| Cash & Short-term Investments | 314B | 196B | 173B | 359B | 821B | 504B | 297B | 713B |
| Cash Flow | ||||||||
| Operating Cash Flow | 964B | 919B | -30.7B | 799B | 1.33T | 901B | 1.22T | 1.07T |
| Capital Expenditure | 209B | 96.1B | 159B | 70.0B | 55.7B | 109B | 126B | 154B |
| Free Cash Flow | 755B | 823B | -190B | 729B | 1.39T | 792B | 1.09T | 911B |
| Ratios | ||||||||
| ROE | 17.1% | 21.1% | 9.3% | 26.5% | 38.7% | 36.7% | 42.7% | 41.6% |
| ROA | 14.8% | 17.3% | 7.6% | 22.8% | 32.0% | 31.0% | 36.4% | 35.2% |
| Net Profit Margin | 9.7% | 11.2% | 4.7% | 12.0% | 20.2% | 21.5% | 22.3% | 23.4% |
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.
Binh Minh Plastics JSC dividends
- Dividend yield
- 9.27%
- Forward dividend
- 16,720.00 VND
- Payout ratio
- 84.9%
- Ex-dividend date
- May 19, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 1.04T | 12,750 | 84.9% |
| 2024 | VND 969B | 11,840 | 97.8% |
| 2023 | VND 688B | 8,400 | 66.1% |
| 2022 | VND 467B | 5,700 | 67.2% |
| 2021 | VND 285B | 3,480 | 132.9% |
| 2020 | VND 478B | 5,840 | 91.5% |
| 2019 | VND 368B | 4,500 | 87.1% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 18:10 on Jun 13, 2017.
Who owns Binh Minh Plastics JSC
- Insiders 67.53%
- Institutions 8.62%
- Public & others 23.85%
- Shares outstanding 81.9M
- Free float 36.8M
Binh Minh Plastics JSC company profile
- Company name
- Binh Minh Plastics JSC
- Ticker
- BMP.VN
- ISIN
- VN000000BMP5
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Building Products & Equipment
- Employees
- 1,300
- Fiscal year end
- December
- Address
- 240 Hau Giang Street, Ho Chi Minh City, Vietnam
- Phone
- 84 28 3969 0973
- Website
- binhminhplastic.com.vn
About Binh Minh Plastics JSC
Binh Minh Plastics Joint Stock Company manufactures and trades in plastic pipes and pipe fittings for water supply and drainage, telecommunication, electricity, and industrial and civil construction industries primarily in Vietnam. Its products portfolio includes PVC-U pipe and fittings; PP-R pipe and fittings; HDPE pipe and fittings; solvent cement; UV resistant PP-R pipe and fittings; HDPE pipe double wall corrugated and fittings; rubber seals; and sprayers products. The company also designs, manufactures, and trades molds for plastics and casting industry. In addition, it is involved in the consultation and execution of water supply and drainage works, yards, and services of chemical inspection, analysis, and testing, as well as the trade, import, and export raw materials, chemicals, supplies, machinery and equipment for plastics, engineering, construction, water supply and drainage, and laboratory equipment. The company was founded in 1977 and is headquartered in Ho Chi Minh City, Vietnam. Binh Minh Plastics Joint Stock Company (HOSE:BMP) operates as a subsidiary of Nawaplastic Industries Co., Ltd.
Binh Minh Plastics JSC management
10- Mr. Niwat AthiwattananontGeneral Director & Member of Management Board · born 1969
- Mr. Asada BoonsriratDeputy General Director of Finance & Administration and Member of Management Board · born 1978
- Mr. Quan Thanh NguyenDeputy General Director of Technique ? Production & Member of Management Board · born 1968
- Mr. Luan Huu PhungChief Accounting Officer & Member of Board of Management · born 1976
- Ms. Bich Kim NguyenHuman Resource Manager
- Mr. Anh Hoang PhamHead of Research & Development
- Mr. Bong Hoa VietSecretary
- Mr. Huy Anh LeSystem Management Director
- Mr. Son Trung MaiPlant Director
- Mr. Phuc Bao LuongPlant Director