GMD.VN Gemadept Corp
- Market cap
- VND 33.4T
- P/E
- 14.9x
- P/B
- 2.52x
- ROE
- 24.3%
- Dividend yield
- 3.94%
- Fundamental score
- 3.6/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is GMD.VN undervalued?
Graham numberGMD.VN trades 29.1% 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?
Gemadept Corp fundamental analysis
16 of 22 checks passedROE 2/2
High return on equity (24.3%), above 20%.
ROA 1/1
Return on assets (15.7%) is above the industry median (10.2%).
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 0/1
Last year's EPS growth (4.7%) is not above the 5-year average (27.7% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (4.7%) is above the industry median (-1.1%).
Revenue Growth 2/2
Revenue grew 15.2% 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 (16.0%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 27.7x against interest expense, well covered.
PE vs Market 0/1
PE (14.9x) is above the market median (11.2x).
PE vs Industry 0/1
PE (14.9x) is above the industry median (10.7x).
PBV 0/1
Price to book (2.5x) is above the industry median (1.5x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 37.5, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.54, growth is cheap.
Dividend Yield 1/2
Dividend yield (3.9%) 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 74.9%, 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
Gemadept Corp stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Gemadept Corp
Gemadept Group Corporation engages in the port operation and logistics businesses in Vietnam and internationally. It operates the Phuoc Long ICD, Nam Dinh Vu, Dung Quat, Binh Duong, Nam Hai ICD, and Gemalink Deep-sea ports, as well as air cargo terminals, distribution centers, and cold storage facilities. The company also provides project cargo transport, shipping, imported car logistics, and PDI services; ship and crew management, multi-modal transport, container liner, shi…
Full company profileGemadept Corp 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.
Gemadept Corp 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 | 2.64T | 2.61T | 3.21T | 3.90T | 3.85T | 4.83T | 5.96T | 6.43T |
| Gross Profit | 1.01T | 950B | 1.14T | 1.72T | 1.78T | 2.14T | 2.74T | 3.01T |
| Operating Income | 565B | 543B | 710B | 1.04T | 1.03T | 1.15T | 1.63T | 1.81T |
| EBITDA | 1.22T | 1.07T | 1.31T | 1.83T | 3.68T | 2.66T | 3.05T | 5.21T |
| Net Income | 517B | 371B | 612B | 994B | 2.25T | 1.46T | 1.76T | 3.34T |
| EPS | 1,741 | 1,231 | 2,031 | 3,298 | 7,357 | 3,992 | 4,178 | 7,821 |
| Balance Sheet | ||||||||
| Total Assets | 10.1T | 9.83T | 10.7T | 13.0T | 13.5T | 18.0T | 19.8T | 21.3T |
| Total Liabilities | 3.55T | 3.24T | 3.69T | 5.08T | 3.81T | 4.23T | 4.92T | 5.65T |
| Shareholders' Equity | 5.88T | 5.90T | 6.32T | 6.93T | 8.58T | 12.4T | 13.1T | 13.7T |
| Cash & Short-term Investments | 186B | 428B | 637B | 1.36T | 1.47T | 3.96T | 1.62T | 1.79T |
| Cash Flow | ||||||||
| Operating Cash Flow | 1.06T | 655B | 965B | 2.33T | 2.02T | 1.53T | 2.14T | 4.02T |
| Capital Expenditure | 379B | 216B | 586B | 1.40T | 1.48T | 1.48T | 1.68T | 865B |
| Free Cash Flow | 678B | 440B | 379B | 934B | 533B | 46.9B | 466B | 3.15T |
| Ratios | ||||||||
| ROE | 8.8% | 6.3% | 9.7% | 14.4% | 26.2% | 11.8% | 13.4% | 24.3% |
| ROA | 5.1% | 3.8% | 5.7% | 7.6% | 16.6% | 8.1% | 8.9% | 15.7% |
| Net Profit Margin | 19.6% | 14.2% | 19.1% | 25.5% | 58.5% | 30.1% | 29.5% | 51.9% |
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.
Gemadept Corp dividends
- Dividend yield
- 3.94%
- Forward dividend
- 1,466.67 VND
- Payout ratio
- 74.9%
- Ex-dividend date
- May 21, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 1.31T | 3,129 | 74.9% |
| 2024 | VND 916B | 2,513 | 62.9% |
| 2023 | VND 1.13T | 3,695 | 50.2% |
| 2022 | VND 428B | 1,421 | 43.1% |
| 2021 | VND 426B | 1,414 | 69.6% |
| 2020 | VND 353B | 1,173 | 95.3% |
| 2019 | VND 478B | 1,611 | 92.5% |
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: 3:2 on Oct 7, 2026.
Who owns Gemadept Corp
- Insiders 12.28%
- Institutions 29.49%
- Public & others 58.23%
- Shares outstanding 640M
- Free float 616M
Gemadept Corp company profile
- Company name
- Gemadept Corp
- Ticker
- GMD.VN
- ISIN
- VN000000GMD0
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Marine Shipping
- Employees
- 1,959
- Fiscal year end
- December
- Address
- No. 6 Le Thanh Ton Street, Ho Chi Minh City, Vietnam
- Phone
- 84 28 38 236 236
- Website
- gemadept.com.vn
About Gemadept Corp
Gemadept Group Corporation engages in the port operation and logistics businesses in Vietnam and internationally. It operates the Phuoc Long ICD, Nam Dinh Vu, Dung Quat, Binh Duong, Nam Hai ICD, and Gemalink Deep-sea ports, as well as air cargo terminals, distribution centers, and cold storage facilities. The company also provides project cargo transport, shipping, imported car logistics, and PDI services; ship and crew management, multi-modal transport, container liner, shipping agency and freight forwarding, and other services. In addition, it is involved in forestry, including planting, caring, exploiting, and processing of rubber trees and other industrial crops, as well as real estate activities comprising building and operation of commercial centers, hotels, and office buildings. Gemadept Group Corporation was formerly known as Gemadept Corporation and changed its name to Gemadept Group Corporation in May 2026. The company was founded in 1990 and is headquartered in Ho Chi Minh City, Vietnam.
Gemadept Corp management
7- Mr. Binh Thanh NguyenCEO, Member of Management Board & Director · born 1968
- Ms. Huong Thi Thu BuiCFO cum Head of Financial Department & Director · born 1970
- Mr. Long Quoc PhamDeputy CEO & Member of Management Board · born 1963
- Mr. Dung The NguyenDeputy CEO & Member of Management Board · born 1971
- Mr. Khanh Cong DoDeputy CEO & Member of Management Board · born 1977
- Ms. Nguyet Minh NguyenChief Accountant & Director
- Ms. Thao Thi Thu NguyenGeneral Manager of Public Relations & Investor Relations Department