T

Thanh Hoa Beer JSC
VN:THB

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Thanh Hoa Beer JSC
VN:THB
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Price: 10 800 VND -7.69% Market Closed
Market Cap: 123.3B VND
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+28%
5Y
-18%
10Y
+179%
Operating Income
+
3Y
-589%
5Y
-
10Y
-
Net Income
+
3Y
-54%
5Y
-83%
10Y
-85%

Earnings Waterfall
Thanh Hoa Beer JSC

Revenue
1.7T VND
Cost of Revenue
-1.6T VND
Gross Profit
114.4B VND
Operating Expenses
-185.2B VND
Operating Income
-70.8B VND
Other Expenses
74B VND
Net Income
3.2B VND

Income Statement
Thanh Hoa Beer JSC

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Income Statement
Currency: VND
Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025
Revenue
Interest Expense
0
6 150
0
0
0
8 120
0
0
0
5 652
0
5 576
0
6 858
0
0
0
1 439
0
0
0
281
0
0
0
0
39
79
0
79
68
0
0
65
171
0
0
133
0
0
0
0
118
0
118
118
0
0
0
0
10
0
0
10
0
0
0
35
0
0
0
0
0
0
0
23
0
0
Revenue
397 513
N/A
390 609
-2%
415 186
+6%
426 802
+3%
425 685
0%
403 377
-5%
380 383
-6%
366 047
-4%
365 601
0%
400 631
+10%
396 707
-1%
386 133
-3%
379 608
-2%
359 506
-5%
349 076
-3%
362 051
+4%
363 423
+0%
361 104
-1%
386 163
+7%
391 553
+1%
382 392
-2%
402 356
+5%
414 783
+3%
433 109
+4%
462 446
+7%
467 751
+1%
557 415
+19%
602 261
+8%
630 533
+5%
546 563
-13%
516 690
-5%
526 400
+2%
552 710
+5%
583 125
+6%
597 574
+2%
597 750
+0%
595 645
0%
580 810
-2%
589 301
+1%
594 070
+1%
618 418
+4%
609 410
-1%
724 920
+19%
1 018 346
+40%
1 133 521
+11%
1 167 063
+3%
2 150 481
+84%
2 048 121
-5%
2 179 118
+6%
1 406 868
-35%
1 520 361
+8%
1 481 566
-3%
1 352 914
-9%
1 298 462
-4%
1 307 979
+1%
1 315 811
+1%
1 421 614
+8%
1 610 401
+13%
1 540 744
-4%
1 583 934
+3%
1 565 382
-1%
1 503 776
-4%
1 582 715
+5%
1 612 920
+2%
1 639 303
+2%
1 624 584
-1%
1 667 875
+3%
1 678 420
+1%
Gross Profit
Cost of Revenue
(320 484)
(330 260)
(356 287)
(356 290)
(362 343)
(346 874)
(325 224)
(315 940)
(312 729)
(327 762)
(322 850)
(311 660)
(303 422)
(278 893)
(265 895)
(278 726)
(270 762)
(283 205)
(307 013)
(305 032)
(303 544)
(310 202)
(328 052)
(326 771)
(337 197)
(346 507)
(461 609)
(514 678)
(547 101)
(447 716)
(428 470)
(438 219)
(457 821)
(470 568)
(477 625)
(476 540)
(473 061)
(465 831)
(473 460)
(480 323)
(513 110)
(488 671)
(598 510)
(863 204)
(943 207)
(986 070)
(1 814 859)
(1 727 403)
(1 855 618)
(1 214 591)
(1 318 321)
(1 277 365)
(1 177 443)
(1 127 474)
(1 132 358)
(1 162 427)
(1 261 795)
(1 453 558)
(1 400 440)
(1 442 750)
(1 439 962)
(1 388 819)
(1 463 703)
(1 495 042)
(1 519 202)
(1 506 753)
(1 549 212)
(1 564 065)
Gross Profit
77 029
N/A
60 349
-22%
58 899
-2%
70 512
+20%
63 341
-10%
56 503
-11%
55 159
-2%
50 107
-9%
52 872
+6%
72 869
+38%
73 858
+1%
74 474
+1%
76 187
+2%
80 613
+6%
83 180
+3%
83 325
+0%
92 661
+11%
77 900
-16%
79 151
+2%
86 521
+9%
78 848
-9%
92 154
+17%
86 731
-6%
106 339
+23%
125 250
+18%
121 245
-3%
95 806
-21%
87 582
-9%
83 431
-5%
98 846
+18%
88 220
-11%
88 182
0%
94 890
+8%
112 557
+19%
119 950
+7%
121 210
+1%
122 583
+1%
114 979
-6%
115 840
+1%
113 746
-2%
105 308
-7%
120 739
+15%
126 409
+5%
155 142
+23%
190 314
+23%
180 993
-5%
335 622
+85%
320 718
-4%
323 501
+1%
192 277
-41%
202 040
+5%
204 201
+1%
175 471
-14%
170 987
-3%
175 622
+3%
153 383
-13%
159 819
+4%
156 842
-2%
140 305
-11%
141 184
+1%
125 420
-11%
114 957
-8%
119 012
+4%
117 879
-1%
120 101
+2%
117 831
-2%
118 663
+1%
114 355
-4%
Operating Income
Operating Expenses
(42 507)
(37 195)
(36 079)
(39 277)
(33 917)
(22 572)
(20 757)
(12 926)
(13 490)
(26 393)
(27 699)
(24 170)
(25 892)
(37 773)
(34 127)
(39 498)
(48 800)
(41 766)
(44 944)
(52 887)
(44 987)
(58 079)
(53 660)
(68 930)
(82 916)
(84 119)
(68 676)
(62 875)
(62 964)
(86 342)
(83 450)
(88 313)
(100 852)
(103 202)
(110 312)
(110 705)
(109 584)
(104 132)
(105 350)
(106 222)
(102 436)
(113 990)
(119 465)
(151 549)
(172 678)
(162 204)
(301 216)
(286 093)
(297 790)
(191 531)
(193 575)
(193 359)
(168 325)
(165 806)
(164 257)
(163 662)
(182 683)
(210 433)
(198 700)
(200 565)
(187 664)
(169 196)
(181 384)
(179 743)
(184 995)
(178 593)
(183 597)
(185 187)
Selling, General & Administrative
(42 507)
(37 195)
(36 080)
(39 277)
(33 916)
(22 572)
(20 756)
(12 925)
(13 489)
(26 394)
(27 698)
(26 467)
(28 188)
(37 773)
(36 423)
(39 497)
(48 801)
(41 766)
(43 993)
(51 935)
(44 033)
(58 079)
(53 658)
(68 929)
(82 915)
(84 120)
(68 676)
(62 875)
(62 965)
(84 507)
(82 337)
(87 200)
(99 738)
(103 202)
(109 560)
(109 861)
(108 740)
(104 132)
(104 575)
(106 222)
(102 437)
(113 990)
(119 435)
(150 835)
(171 965)
(158 426)
(300 657)
(285 534)
(297 230)
(187 636)
(193 368)
(193 152)
(168 117)
(161 998)
(164 257)
(163 662)
(181 997)
(207 664)
(196 044)
(197 513)
(185 038)
(169 347)
(180 372)
(179 189)
(184 441)
(176 421)
(182 327)
(183 716)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1 835)
(1 114)
0
0
0
(751)
0
0
0
(682)
0
0
0
(713)
0
0
(3 778)
(559)
0
0
(3 895)
(207)
0
0
(3 808)
0
0
(686)
(2 769)
(2 655)
(3 052)
0
(2 209)
(1 529)
(1 664)
0
(2 171)
(1 801)
(1 471)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
2 297
2 296
0
2 296
0
0
0
(951)
(952)
(954)
0
0
0
0
0
0
0
0
0
0
(1 113)
(1 114)
0
0
(844)
(844)
0
(93)
0
0
0
683
(713)
(713)
0
0
(559)
(559)
0
0
(207)
(207)
0
0
0
0
0
0
0
(2 626)
2 361
518
1 110
(554)
0
531
0
Operating Income
34 522
N/A
23 153
-33%
22 819
-1%
31 235
+37%
29 425
-6%
33 931
+15%
34 404
+1%
37 183
+8%
39 385
+6%
46 476
+18%
46 161
-1%
50 305
+9%
50 296
0%
42 840
-15%
49 055
+15%
43 828
-11%
43 861
+0%
36 133
-18%
34 206
-5%
33 634
-2%
33 861
+1%
34 075
+1%
33 071
-3%
37 408
+13%
42 333
+13%
37 125
-12%
27 130
-27%
24 708
-9%
20 468
-17%
12 504
-39%
4 770
-62%
(131)
N/A
(5 962)
-4 451%
9 355
N/A
9 637
+3%
10 504
+9%
12 999
+24%
10 847
-17%
10 490
-3%
7 524
-28%
2 870
-62%
6 748
+135%
6 943
+3%
3 592
-48%
17 636
+391%
18 788
+7%
34 406
+83%
34 624
+1%
25 711
-26%
747
-97%
8 464
+1 034%
10 842
+28%
7 146
-34%
5 182
-27%
11 365
+119%
(10 279)
N/A
(22 864)
-122%
(53 591)
-134%
(58 395)
-9%
(59 381)
-2%
(62 244)
-5%
(54 239)
+13%
(62 372)
-15%
(61 865)
+1%
(64 895)
-5%
(60 761)
+6%
(64 934)
-7%
(70 832)
-9%
Pre-Tax Income
Interest Income Expense
(3 851)
(9 383)
(12 047)
(13 448)
(11 744)
(8 604)
(8 811)
(7 926)
(7 422)
(5 774)
(5 171)
(10 171)
(10 266)
(6 099)
(7 155)
(1 216)
(651)
1 338
3 307
4 310
5 051
5 048
4 492
4 699
5 271
5 764
5 951
6 237
5 969
5 146
4 636
4 468
4 594
4 160
4 120
3 086
2 294
2 207
2 191
2 918
2 930
3 501
3 579
3 905
3 706
2 253
3 944
2 740
2 669
902
1 082
1 316
1 531
1 844
1 939
1 963
2 088
2 170
2 155
2 091
1 532
2 480
2 236
2 261
2 948
1 884
2 085
1 965
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(341)
0
0
0
(194)
0
0
0
(460)
0
0
0
0
0
0
0
(867)
(887)
(898)
(894)
(74)
(54)
(67)
(53)
(26)
(26)
(5)
(19)
(193)
(199)
(256)
0
(151)
0
0
0
(567)
0
0
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
177
0
0
0
1 224
0
0
0
658
23
103
0
85
0
0
0
0
18
175
0
0
157
0
0
0
0
1 212
1 212
1 212
0
0
0
2 381
0
0
0
0
0
0
0
0
15 935
37 351
Total Other Income
(6 636)
7 464
7 480
6 444
6 440
(32)
(45)
80
89
474
473
320
306
314
317
344
344
957
873
996
996
5 164
9 120
9 099
8 357
3 780
978
945
2 722
915
1 816
2 480
1 259
1 853
2 352
2 026
2 020
470
878
450
(1 521)
(2 348)
(2 401)
(1 968)
(3 119)
927
(6 959)
(5 413)
(2 793)
3 527
(462)
(3 261)
(3 210)
105
(2 083)
20 233
37 464
62 999
73 164
65 728
65 334
58 355
62 252
63 691
66 433
65 388
53 539
37 239
Pre-Tax Income
24 036
N/A
21 234
-12%
18 253
-14%
24 231
+33%
24 120
0%
25 294
+5%
25 546
+1%
29 336
+15%
32 050
+9%
41 176
+28%
41 461
+1%
40 452
-2%
40 335
0%
37 055
-8%
42 217
+14%
42 956
+2%
43 554
+1%
38 428
-12%
38 386
0%
38 939
+1%
39 907
+2%
44 288
+11%
46 683
+5%
51 206
+10%
55 961
+9%
46 846
-16%
34 059
-27%
31 890
-6%
29 159
-9%
19 449
-33%
11 222
-42%
6 816
-39%
(110)
N/A
15 833
N/A
16 131
+2%
15 719
-3%
17 313
+10%
13 149
-24%
13 559
+3%
10 892
-20%
4 279
-61%
7 901
+85%
8 140
+3%
5 706
-30%
18 222
+219%
21 102
+16%
30 662
+45%
31 054
+1%
24 694
-20%
5 101
-79%
9 031
+77%
10 041
+11%
6 625
-34%
8 316
+26%
11 194
+35%
11 912
+6%
16 670
+40%
13 767
-17%
16 726
+21%
8 183
-51%
4 623
-44%
6 445
+39%
2 116
-67%
4 088
+93%
4 487
+10%
5 944
+32%
6 624
+11%
5 723
-14%
Net Income
Tax Provision
(3 552)
(3 105)
(2 187)
(3 466)
(5 576)
(5 942)
(3 182)
(4 174)
(4 852)
(6 615)
(6 567)
(5 658)
(4 568)
(7 633)
(8 967)
(9 340)
(10 550)
(9 943)
(9 948)
(10 555)
(10 797)
(10 982)
(10 895)
(11 366)
(12 196)
(10 011)
(7 762)
(7 427)
(6 725)
(4 662)
(4 426)
(1 654)
38
(3 859)
(3 860)
(3 942)
(4 364)
(3 311)
(3 310)
(2 783)
(1 424)
(2 087)
(2 087)
(2 868)
(6 167)
(5 653)
(11 049)
(9 411)
(7 322)
(2 023)
(2 023)
(2 517)
(1 976)
(2 711)
(2 814)
(3 445)
(4 473)
(3 781)
(3 681)
(3 100)
(1 568)
(1 395)
(1 409)
(883)
(1 231)
(2 133)
(2 184)
(2 386)
Income from Continuing Operations
20 484
18 129
16 065
20 764
18 544
19 353
22 366
25 164
27 199
34 561
34 894
34 794
35 767
29 422
33 249
33 615
33 003
28 486
28 439
28 385
29 111
33 306
35 788
39 840
43 765
36 835
26 296
24 462
22 433
14 788
6 796
5 163
(71)
11 973
12 272
11 777
12 949
9 838
10 249
8 109
2 855
5 814
6 053
2 839
12 055
15 449
19 613
21 643
17 372
3 078
7 007
7 524
4 649
5 605
8 380
8 466
12 197
9 986
13 044
5 082
3 055
5 051
707
3 205
3 256
3 812
4 440
3 336
Income to Minority Interest
(119)
(567)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2 176)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
20 364
N/A
17 562
-14%
15 498
-12%
20 197
+30%
18 586
-8%
19 353
+4%
22 366
+16%
25 164
+13%
27 199
+8%
34 561
+27%
34 894
+1%
34 794
0%
35 767
+3%
29 422
-18%
33 249
+13%
33 615
+1%
33 003
-2%
28 486
-14%
28 439
0%
28 385
0%
29 111
+3%
33 306
+14%
35 788
+7%
39 840
+11%
43 765
+10%
36 835
-16%
22 524
-39%
20 690
-8%
18 661
-10%
11 878
-36%
3 887
-67%
2 254
-42%
(2 980)
N/A
10 487
N/A
10 786
+3%
10 291
-5%
11 463
+11%
7 662
-33%
8 073
+5%
5 933
-27%
679
-89%
5 233
+671%
5 472
+5%
2 257
-59%
11 473
+408%
12 159
+6%
16 322
+34%
18 352
+12%
14 082
-23%
2 250
-84%
6 180
+175%
6 697
+8%
3 821
-43%
3 962
+4%
6 737
+70%
6 823
+1%
10 554
+55%
8 706
-18%
11 764
+35%
3 802
-68%
1 775
-53%
5 051
+185%
707
-86%
2 153
+205%
2 820
+31%
2 582
-8%
3 210
+24%
3 159
-2%
EPS (Diluted)
1 851.27
N/A
1 596.54
-14%
1 408.9
-12%
1 836.09
+30%
1 689.63
-8%
1 759.36
+4%
2 033.27
+16%
2 097
+3%
2 472.63
+18%
3 141.9
+27%
3 172.18
+1%
3 163.09
0%
3 251.54
+3%
2 674.72
-18%
3 022.63
+13%
3 055.9
+1%
3 000.27
-2%
2 589.63
-14%
2 585.36
0%
2 365.41
-9%
2 646.45
+12%
3 027.81
+14%
3 253.45
+7%
3 320
+2%
3 978.63
+20%
3 348.63
-16%
1 732.61
-48%
2 298.88
+33%
1 696.45
-26%
1 039.71
-39%
353.36
-66%
204.9
-42%
-229.23
N/A
917.95
N/A
980.54
+7%
735.07
-25%
881.76
+20%
670.67
-24%
733.9
+9%
494.41
-33%
61.72
-88%
458.04
+642%
478.93
+5%
197.59
-59%
1 004.28
+408%
1 064.25
+6%
1 428.69
+34%
1 606.4
+12%
1 232.6
-23%
196.97
-84%
540.9
+175%
586.16
+8%
334.48
-43%
346.78
+4%
589.68
+70%
597.25
+1%
923.8
+55%
762.07
-18%
1 029.74
+35%
332.81
-68%
155.36
-53%
442.11
+185%
61.86
-86%
188.49
+205%
246.81
+31%
225.96
-8%
280.87
+24%
276.54
-2%

See Also

Summary
THB intrinsic value, competitors valuation, and company profile.
DCF Valuation
THB stock valuation using Discount Cash Flow valuation method.
Relative Valuation
THB stock valuation using valuation multiples.
Wall Street Estimates
THB price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
THB stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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