PLX.VN Vietnam National Petroleum Group
- Market cap
- VND 43.4T
- P/E
- 16.8x
- P/B
- 1.75x
- ROE
- 15.9%
- Dividend yield
- 3.97%
- Fundamental score
- 2.9/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is PLX.VN undervalued?
Graham numberPLX.VN trades 14.3% 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?
Vietnam National Petroleum Group fundamental analysis
14 of 22 checks passedROE 1/2
Moderate return on equity (15.9%), between 10% and 20%.
ROA 1/1
Return on assets (4.7%) 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 0/1
Last year's EPS growth (-7.4%) is not above the 5-year average (21.0% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (-7.4%) is below the industry median (17.5%).
Revenue Growth 1/2
Revenue grew 0.6% 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 (2.4%), 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 7.8x against interest expense, well covered.
PE vs Market 0/1
PE (16.8x) is above the market median (11.2x).
PE vs Industry 0/1
PE (16.8x) is above the industry median (11.2x).
PBV 0/1
Price to book (1.7x) is above the industry median (1.2x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 29.4, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.80, growth is cheap.
Dividend Yield 1/2
Dividend yield (4.0%) 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 64.5%, 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
Vietnam National Petroleum Group stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Vietnam National Petroleum Group
Vietnam National Petroleum Group, together with its subsidiaries, imports, exports, and trades in petroleum products in Vietnam and internationally. It engages surveying, designing, and constructing petroleum and civil works; transportation, renting, and leasing of oil tankers, services, marine mechanical services, and port business; water and road transport business; trading of liquefied petroleum gas; production and trading of Petrolimex lubricants, asphalts, and chemicals…
Full company profileVietnam National Petroleum Group 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.
Vietnam National Petroleum Group 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 | 190T | 124T | 169T | 304T | 274T | 284T | 310T | 470T |
| Gross Profit | 14.2T | 10.0T | 12.6T | 12.3T | 15.3T | 17.4T | 18.1T | 22.8T |
| Operating Income | 4.84T | 631B | 2.78T | 995B | 2.17T | 2.79T | 2.45T | 5.24T |
| EBITDA | 8.47T | 4.27T | 6.64T | 5.09T | 7.03T | 6.72T | 6.74T | 8.73T |
| Net Income | 4.16T | 988B | 2.84T | 1.45T | 2.83T | 2.89T | 2.68T | 4.09T |
| EPS | 3,492 | 811 | 2,329 | 1,141 | 2,230 | 2,274 | 2,106 | 3,220 |
| Balance Sheet | ||||||||
| Total Assets | 61.8T | 61.1T | 64.8T | 74.5T | 79.7T | 81.3T | 86.1T | 87.9T |
| Total Liabilities | 35.8T | 37.0T | 36.5T | 46.7T | 50.5T | 52.0T | 56.6T | 58.7T |
| Shareholders' Equity | 23.0T | 21.2T | 25.1T | 24.5T | 25.9T | 26.0T | 26.1T | 25.7T |
| Cash & Short-term Investments | 11.3T | 10.6T | 6.19T | 11.6T | 14.0T | 14.9T | 10.8T | 6.32T |
| Cash Flow | ||||||||
| Operating Cash Flow | 4.18T | 5.35T | -656B | 4.42T | 5.57T | 2.37T | 3.99T | 2.45T |
| Capital Expenditure | 2.42T | 1.86T | 1.65T | 1.63T | 1.81T | 2.00T | 2.66T | 1.90T |
| Free Cash Flow | 1.76T | 3.49T | -2.31T | 2.97T | 3.76T | 377B | 1.33T | 549B |
| Ratios | ||||||||
| ROE | 18.0% | 4.7% | 11.3% | 5.9% | 10.9% | 11.1% | 10.2% | 15.9% |
| ROA | 6.7% | 1.6% | 4.4% | 1.9% | 3.6% | 3.6% | 3.1% | 4.7% |
| Net Profit Margin | 2.2% | 0.8% | 1.7% | 0.5% | 1.0% | 1.0% | 0.9% | 0.9% |
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.
Vietnam National Petroleum Group dividends
- Dividend yield
- 3.97%
- Forward dividend
- 1,200.00 VND
- Payout ratio
- 64.5%
- Ex-dividend date
- Aug 4, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 1.72T | 1,357 | 64.5% |
| 2024 | VND 2.11T | 1,659 | 72.9% |
| 2023 | VND 1.10T | 866 | 38.8% |
| 2022 | VND 1.52T | 1,200 | 105.2% |
| 2021 | VND 1.62T | 1,329 | 57.1% |
| 2020 | VND 3.97T | 3,258 | 401.7% |
| 2019 | VND 3.37T | 2,831 | 81.1% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Vietnam National Petroleum Group
- Insiders 90.76%
- Institutions 0.42%
- Public & others 8.82%
- Shares outstanding 1.27B
- Free float 1.27B
Vietnam National Petroleum Group company profile
- Company name
- Vietnam National Petroleum Group
- Ticker
- PLX.VN
- ISIN
- VN000000PLX1
- Exchange
- Vietnam Stocks
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Employees
- 26,123
- Fiscal year end
- December
- Address
- No 1 Kham Thien Street, Hanoi, Vietnam
- Phone
- 84 24 3851 2603
- Website
- petrolimex.com.vn
About Vietnam National Petroleum Group
Vietnam National Petroleum Group, together with its subsidiaries, imports, exports, and trades in petroleum products in Vietnam and internationally. It engages surveying, designing, and constructing petroleum and civil works; transportation, renting, and leasing of oil tankers, services, marine mechanical services, and port business; water and road transport business; trading of liquefied petroleum gas; production and trading of Petrolimex lubricants, asphalts, and chemicals; and providing financial services. Vietnam National Petroleum Group was founded in 1956 and is headquartered in Hanoi, Vietnam.
Vietnam National Petroleum Group management
9- Mr. Tuyen Van LuuGeneral Director, Deputy CEO, Member of Management Board & Director · born 1969
- Mr. Hung Xuan NguyenDeputy CEO & Member of Management Board · born 1965
- Mr. Nam Ngoc TranDeputy General Director, Member of Management Board & Member of the Board · born 1965
- Mr. Dung Quang NguyenDeputy General Director & Member of Management Board · born 1972
- Mr. Su Van NguyenDeputy General Director & Member of Management Board · born 1966
- Mr. Cuong Sy NguyenDeputy General Director & Member of Management Board · born 1974
- Mr. Tu Ngoc NguyenDeputy CEO & Member of Management Board · born 1981
- Mr. Duong Dinh NguyenDeputy CEO & Member of Management Board · born 1978
- Mr. Quang Van PhamChief Accountant