Binh Dien Fertilizer JSC

Binh Dien Fertilizer JSC maintains a debt-to-equity ratio of 0.89, indicating a moderate reliance on debt financing. The company's liquidity position is characterized as medium risk, with a current ratio of 1.34, suggesting it can cover short-term obligations but with limited buffer. Free cash flow stands at 86.2 billion VND, which is significantly lower than operating cash flow of 479.2 billion VND, reflecting capital expenditure outflows of 24.4 billion VND. Profitability metrics show a return on equity of 14.43%, outperforming the industry median for Agricultural Chemicals, while return on assets of 4.76% is in line with sector norms. Gross profit of 488.8 billion VND and operating income of 234.2 billion VND indicate strong cost control and operational efficiency relative to revenue of 2.92 trillion VND. The company's geographic and segment exposure is concentrated in domestic agricultural markets, with no disclosed international revenue segments. This concentration increases vulnerability to regional demand shifts and regulatory changes in Vietnam. Outlook for the current fiscal year shows stable revenue growth, supported by consistent demand for fertilizers in the agricultural sector. Analysts have assigned a neutral recommendation with a mean price target of 51,300 VND per share, indicating limited upside potential. Risk factors include a negative net cash position after subtracting total debt, which could constrain operational flexibility. Dilution risk is assessed as low, with no recent signs of share issuance or shelf registration activity. No material recent events or filings have been disclosed that would significantly alter the company's risk profile.