HRC—58

Hoa Binh Rubber JSC

Tires & Rubber ProductsVerified

Score breakdown

Profitability+32Sentiment+21Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations13

Hoa Binh Rubber JSC maintains a capital structure with a debt-to-equity ratio of 0.25, indicating a relatively conservative leverage position. The company's liquidity is assessed as medium, with a current ratio of 0.74, suggesting potential short-term liquidity constraints. Free cash flow for the latest period was 51,786,110,480 VND, while operating cash flow was 1,963,000,440 VND [doc:HA-latest]. Profitability metrics show a return on equity of 5.59% and a return on assets of 4.09%, which are below the typical thresholds for high-performing firms in the Tires & Rubber Products industry. The company's operating income of 30,533,740,980 VND and net income of 35,129,716,730 VND reflect a healthy margin, but the gross profit of 40,267,668,140 VND suggests room for improvement in cost management [doc:HA-latest]. The company's revenue is concentrated in the domestic market, with 68.62% of its 2012 revenue coming from domestic rubber latex sales. It also engages in the cultivation of cashew, pepper, and coffee trees, as well as the trading of various agricultural products. This diversification may provide some insulation against sector-specific volatility [doc:HA-latest]. Growth trajectory is not explicitly detailed in the latest financials, but the company's capital expenditure of -3,901,456,510 VND indicates a reduction in investment. Analyst estimates for the latest actual revenue and EPS are 412,012,308,000 VND and 3,267.43 VND, respectively, which may suggest a stable or slightly declining revenue trend [doc:, doc:]. Risk factors include a medium liquidity risk and a low dilution risk. The company's net cash is negative after subtracting total debt, which could impact its ability to fund operations or investments without external financing. No significant dilution sources are identified in the latest filings [doc:HA-latest]. Recent events include the company's continued operations under the Vietnam Rubber Group as a subsidiary. No major filings or transcripts have been disclosed that would significantly alter the company's strategic direction or financial outlook [doc:HA-latest].

Profile

CompanyHoa Binh Rubber JSC

TickerHRC.HM

SectorConsumer Cyclicals

BusinessAutomobiles & Auto Parts

Industry groupAutomobiles & Auto Parts

IndustryTires & Rubber Products

AI analysis

Business. Hoa Binh Rubber JSC is a Vietnam-based company engaged in rubber plantation operations, processing of rubber latex, and trading of agricultural products, with 68.62% of its 2012 revenue derived from domestic rubber latex sales [doc:HA-latest].

Classification. The company is classified under the Tires & Rubber Products industry within the Automobiles & Auto Parts business sector, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

The company maintains a conservative debt-to-equity ratio of 0.25, indicating a relatively low leverage position.
Free cash flow of 51,786,110,480 VND suggests the company has the ability to fund operations and potentially return value to shareholders.
Return on equity of 5.59% and return on assets of 4.09% indicate moderate profitability, below industry benchmarks.
Revenue is heavily concentrated in the domestic market, with 68.62% of 2012 revenue from domestic rubber latex sales.
The company's liquidity is assessed as medium, with a current ratio of 0.74, suggesting potential short-term liquidity constraints.
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Financial snapshot

PeriodHA-latest

CurrencyVND

Revenue$244.15B

Gross profit$40.27B

Operating income$30.53B

Net income$35.13B

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$1.96B

CapEx-$3.90B

Free cash flow$51.79B

Total assets$858.39B

Total liabilities$230.06B

Total equity$628.33B

Cash & equivalents—

Long-term debt$159.42B

Annual history (last 5)

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Quarterly history (last 4)

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$628.33B

Net cash-$159.42B

Current ratio0.7

Debt/Equity0.2

ROA4.1%

ROE5.6%

Cash conversion6.0%

CapEx/Revenue-1.6%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Automobiles · cohort 1 companies

MetricHRCActivity

Op margin12.5%4.8% medp25 0.2% · p75 9.6%top quartile

Net margin14.4%2.9% medp25 0.0% · p75 7.4%top quartile

Gross margin16.5%25.3% medp25 25.3% · p75 25.3%bottom quartile

R&D / revenue—4.1% medp25 4.1% · p75 4.1%

CapEx / revenue-1.6%4.5% medp25 4.5% · p75 4.5%bottom quartile

Debt / equity25.0%50.9% medp25 50.9% · p75 50.9%bottom quartile

Observations

IR observations

Last actual EPS3,267.43 VND

Last actual revenue412,012,308,000 VND

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-04 07:57 UTC#42585bf7

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 07:58 UTCJob: bdf96f4a