CSM.VN Southern Rubber Industry JSC
- Market cap
- VND 1.23T
- P/E
- 34.6x
- P/B
- 0.88x
- ROE
- 6.9%
- Dividend yield
- 2.52%
- Fundamental score
- 1.8/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is CSM.VN undervalued?
Graham numberCSM.VN trades 16.3% 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?
Southern Rubber Industry JSC fundamental analysis
8 of 22 checks passedROE 0/2
Low return on equity (6.9%), below 10%.
ROA 0/1
Return on assets (2.6%) is below the industry median (3.6%).
Profit Consistency 2/2
Profitable for 7 consecutive years.
Earnings Growth 5Y 0/1
Earnings per share did not grow over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (-41.0%) is not above the 5-year average (-14.0% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (-41.0%) is below the industry median (17.5%).
Revenue Growth 0/2
Revenue shrank 8.0% 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 (8.3%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 0/1
EBIT is 2.0x against interest expense, below 5x.
PE vs Market 0/1
PE (34.6x) is above the market median (11.2x).
PE vs Industry 0/1
PE (34.6x) is above the industry median (11.2x).
PBV 1/1
Price to book (0.9x) is below the industry median (1.2x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 30.4, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 1/2
Dividend yield (2.5%) 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 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 73.1%, 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
Southern Rubber Industry JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Southern Rubber Industry JSC
The Southern Rubber Industry Joint Stock Company engages in the manufacture and trading of industrial and commercial rubber products in South East Asia and internationally. The company offers bicycle, motorcycle, truck, e-vehicle, and specific tires and tubes; passenger car radial tires; and ADVENZA PCR tires, as well as retread tires, gloves, and technical tires. It is also involved in the trading, export, and import of raw materials, chemicals, and rubber industrial equipm…
Full company profileSouthern Rubber Industry 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.
Southern Rubber Industry 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 | 4.27T | 4.69T | 4.84T | 5.32T | 5.23T | 4.71T | 4.14T | 4.51T |
| Gross Profit | 577B | 734B | 550B | 590B | 557B | 625B | 533B | 637B |
| Operating Income | 199B | 246B | 175B | 243B | 178B | 134B | 45.2B | 188B |
| EBITDA | 407B | 466B | 382B | 442B | 430B | 386B | 300B | 352B |
| Net Income | 52.4B | 90.7B | 42.0B | 79.2B | 60.4B | 72.1B | 42.6B | 97.9B |
| EPS | 506 | 875 | 405 | 764 | 583 | 696 | 411 | 944 |
| Balance Sheet | ||||||||
| Total Assets | 3.82T | 3.81T | 4.15T | 4.20T | 3.88T | 3.82T | 3.82T | 3.76T |
| Total Liabilities | 2.58T | 2.54T | 2.90T | 2.90T | 2.56T | 2.45T | 2.45T | 2.35T |
| Shareholders' Equity | 1.24T | 1.28T | 1.26T | 1.30T | 1.32T | 1.36T | 1.37T | 1.41T |
| Cash & Short-term Investments | 62.6B | 153B | 78.9B | 28.1B | 290B | 473B | 497B | 331B |
| Cash Flow | ||||||||
| Operating Cash Flow | 129B | 317B | -271B | -35.0B | 785B | 349B | 537B | -669B |
| Capital Expenditure | 54.5B | 96.5B | 22.1B | 44.8B | 34.7B | 95.5B | 130B | 287B |
| Free Cash Flow | 74.8B | 220B | -294B | -2.81B | 750B | 254B | 407B | -769B |
| Ratios | ||||||||
| ROE | 4.2% | 7.1% | 3.3% | 6.1% | 4.6% | 5.3% | 3.1% | 6.9% |
| ROA | 1.4% | 2.4% | 1.0% | 1.9% | 1.6% | 1.9% | 1.1% | 2.6% |
| Net Profit Margin | 1.2% | 1.9% | 0.9% | 1.5% | 1.2% | 1.5% | 1.0% | 2.2% |
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.
Southern Rubber Industry JSC dividends
- Dividend yield
- 2.52%
- Forward dividend
- -
- Payout ratio
- 73.1%
- Ex-dividend date
- Jun 5, 2025
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 31.1B | 300 | 73.1% |
| 2024 | VND 31.1B | 300 | 43.1% |
| 2023 | VND 31.1B | 300 | 51.5% |
| 2022 | VND 30.4B | 293 | 38.4% |
| 2021 | VND 50.7B | 489 | 120.6% |
| 2020 | VND 51.8B | 500 | 57.1% |
| 2019 | VND 70.3M | 0.68 | 0.1% |
| 2016 | - | - | - |
| 2015 | - | - | - |
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: 14:10 on Jun 29, 2016.
Who owns Southern Rubber Industry JSC
- Insiders 58.59%
- Institutions 0.00%
- Public & others 41.41%
- Shares outstanding 104M
- Free float 42.9M
Southern Rubber Industry JSC company profile
- Company name
- Southern Rubber Industry JSC
- Ticker
- CSM.VN
- ISIN
- VN000000CSM7
- Exchange
- Vietnam Stocks
- Sector
- Consumer Cyclical
- Industry
- Auto Parts
- Employees
- 1,129
- Fiscal year end
- December
- Address
- 180 Nguyen Thi Minh Khai Street, Ho Chi Minh City, Vietnam
- Phone
- 84 2 838 362 369
- Website
- casumina.com
About Southern Rubber Industry JSC
The Southern Rubber Industry Joint Stock Company engages in the manufacture and trading of industrial and commercial rubber products in South East Asia and internationally. The company offers bicycle, motorcycle, truck, e-vehicle, and specific tires and tubes; passenger car radial tires; and ADVENZA PCR tires, as well as retread tires, gloves, and technical tires. It is also involved in the trading, export, and import of raw materials, chemicals, and rubber industrial equipment; trading of real estate; and the provision of business services. The company was founded in 1976 and is headquartered in Ho Chi Minh City, Vietnam.
Southern Rubber Industry JSC management
8- Mr. Anh Quoc VuDeputy General Director · born 1969
- Mr. Thai Manh NguyenHead of Internal Audit · born 1981
- Mr. Hien Van NguyenDeputy General Director & Director · born 1974
- Mr. Chung Van NguyenDeputy General Director & Director
- Mr. Anh NguyenDeputy General Director · born 1976
- Mr. Trung Quang PhungGeneral Director & Director
- Mr. Chuong Khac NguyenHead of Finance & Accounting Department
- Ms. Dung My TaSecretary