VSF Vietnam Southern Food Corporation - Joint Stock Company
Tổng Công ty Lương thực Miền Nam - Công ty Cổ phần
Food & Beverage
UPCOM
Total Assets
7,027 bn VND
2021–2025
Revenue
17,835 bn VND
2021–2025
Net Profit
62 bn VND
2021–2025
Equity
2,451 bn VND
2021–2025
YOY GROWTH 2025 vs 2024
+11.1%
Assets Growth (%)
+0.9%
Equity Growth (%)
-17.0%
Revenue Growth (%)
+107.8%
Net Profit Growth (%)
D
22/100
FINANCIAL HEALTH
profitability: 5/25
leverage: 12/25
margin: 5/25
growth: 0/25
ANALYST CONSENSUS
Aggregates use stored analyst metadata from configured sources (e.g. fireant.vn); coverage is not comprehensive for all listed names. Each row includes source and URL.
OPINIONS (730D)
0
WITH TARGET
0
MEAN TARGET
—
MEDIAN TARGET
—
TARGET RANGE
—
REPORTS IN WINDOW
| Date | Firm | Rating | Target | Vs Mean | Source |
|---|---|---|---|---|---|
| No analyst rows stored yet for this ticker. Run ingestion or try again later. | |||||
JSON: /api/analyst/VSF
KEY RATIOS (2025)
2.53
ROE (%)
Net Profit After Tax / Owner's Equity × 100
0.88
ROA (%)
Net Profit After Tax / Total Assets × 100
9.99
Gross Margin (%)
Gross Profit / Revenue × 100
0.35
Net Margin (%)
Net Profit After Tax / Revenue × 100
1.87
Debt/Equity
Total Liabilities / Owner's Equity
2.87
Equity Multiplier
Total Assets / Owner's Equity
DUPONT ANALYSIS
0.35
DuPont: Net Margin (%)
2.54
DuPont: Asset Turnover
2.87
DuPont: Eq. Multiplier
2.53
DuPont: ROE (%)
ROE = Net Margin × Asset Turnover × Equity Multiplier
📊 Analyst Consensus
No analyst coverage data available for VSF in the last 730 days.
Balance Sheet Bảng Cân Đối Kế Toán — 35 items, 12 years · values in tỷ đồng
| Line Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CURRENT ASSETS (Bn. VND) | 3,648.8 | 2,825.6 | 2,618.3 | 4,851.8 | 2,682.5 | 2,593.1 | 2,905.4 | 4,037.0 | 5,524.2 | 6,972.7 | 8,872.8 | 7,291.0 |
| Cash and cash equivalents (Bn. VND) | 1,242.5 | 268.1 | 503.4 | 1,477.5 | 281.4 | 483.6 | 516.6 | 396.4 | 649.3 | 2,255.2 | 1,583.1 | 814.0 |
| Short-term investments (Bn. VND) | 78.0 | 55.0 | 46.5 | 63.5 | 104.5 | 44.0 | 28.2 | 29.5 | 5.2 | 72.5 | 36.7 | 4.1 |
| Accounts receivable (Bn. VND) | 481.3 | 686.2 | 528.2 | 1,976.1 | 817.5 | 614.0 | 987.7 | 529.4 | 1,023.3 | 1,590.6 | 2,237.8 | 2,390.5 |
| Net Inventories | 1,481.2 | 1,606.2 | 1,328.1 | 1,145.2 | 1,308.6 | 1,307.0 | 1,252.1 | 2,820.1 | 3,641.2 | 2,834.9 | 4,615.9 | 3,920.3 |
| Other current assets | 365.9 | 210.2 | 212.1 | 189.4 | 170.5 | 144.5 | 120.7 | 261.6 | 205.2 | 219.5 | 399.3 | 162.2 |
| LONG-TERM ASSETS (Bn. VND) | 3,378.6 | 3,502.2 | 3,614.4 | 3,675.2 | 3,843.1 | 4,170.7 | 4,510.6 | 4,855.0 | 4,669.6 | 4,040.3 | 4,984.5 | 5,138.3 |
| Fixed assets (Bn. VND) | 2,315.8 | 2,444.3 | 2,583.8 | 2,658.9 | 2,796.9 | 3,082.1 | 3,406.5 | 3,716.4 | 3,613.3 | 2,876.6 | 3,942.1 | 4,010.4 |
| Investment in properties | 19.2 | 19.6 | 20.0 | 20.4 | 20.7 | 21.6 | 22.5 | 23.3 | 17.6 | 17.6 | 18.1 | 18.6 |
| Long-term investments (Bn. VND) | 147.2 | 143.5 | 140.9 | 136.7 | 200.7 | 206.9 | 204.9 | 203.6 | 196.4 | 214.4 | 347.6 | 487.7 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.14 | 0.19 |
| Other non-current assets | 205.0 | 222.2 | 224.2 | 216.7 | 218.1 | 242.1 | 258.7 | 225.7 | 124.5 | 114.1 | 128.8 | 80.6 |
| TOTAL ASSETS (Bn. VND) | 7,027.4 | 6,327.9 | 6,232.7 | 8,527.1 | 6,525.7 | 6,763.8 | 7,416.0 | 8,892.0 | 10,194 | 11,013 | 13,857 | 12,429 |
| LIABILITIES (Bn. VND) | 4,576.5 | 3,898.3 | 3,768.6 | 6,073.0 | 4,030.8 | 3,893.8 | 4,277.8 | 5,534.8 | 5,924.6 | 6,889.0 | 9,780.2 | 7,444.9 |
| Current liabilities (Bn. VND) | 3,162.0 | 2,511.6 | 2,393.6 | 4,700.8 | 2,716.6 | 2,573.1 | 2,961.1 | 4,240.3 | 4,673.8 | 6,170.1 | 9,076.4 | 6,673.5 |
| Long-term liabilities (Bn. VND) | 1,414.6 | 1,386.8 | 1,375.0 | 1,372.2 | 1,314.2 | 1,320.8 | 1,316.7 | 1,294.5 | 1,250.8 | 718.9 | 703.8 | 771.5 |
| OWNER'S EQUITY(Bn.VND) | 2,450.8 | 2,429.5 | 2,464.1 | 2,454.1 | 2,494.9 | 2,870.0 | 3,138.2 | 3,357.2 | 4,269.1 | 4,124.0 | 3,860.8 | 4,742.2 |
| Capital and reserves (Bn. VND) | 2,450.8 | 2,429.5 | 2,464.1 | 2,454.1 | 2,494.9 | 2,870.0 | 3,138.2 | 3,357.2 | 4,269.1 | 4,124.0 | 3,860.8 | 4,742.2 |
| Other Reserves | 22.1 | 22.1 | 22.1 | 22.1 | 11.9 | 11.9 | 0.45 | 0.45 | 1,017.8 | 1,177.5 | 1,207.3 | 1,192.0 |
| Undistributed earnings (Bn. VND) | -2,771.6 | -2,788.9 | -2,778.6 | -2,786.0 | -2,806.9 | -2,440.6 | -2,181.1 | -1,964.7 | -975.0 | -1,062.8 | -1,125.3 | -123.7 |
| MINORITY INTERESTS | 143.3 | 140.1 | 165.6 | 166.3 | 182.6 | 195.4 | 207.7 | 199.2 | 282.8 | 201.8 | 0 | 0 |
| TOTAL RESOURCES (Bn. VND) | 7,027.4 | 6,327.9 | 6,232.7 | 8,527.1 | 6,525.7 | 6,763.8 | 7,416.0 | 8,892.0 | 10,194 | 11,013 | 13,857 | 12,429 |
| Prepayments to suppliers (Bn. VND) | 396.1 | 374.7 | 381.4 | 408.8 | 458.2 | 416.9 | 387.1 | 409.2 | 424.0 | 574.4 | 609.8 | 920.7 |
| Inventories, Net (Bn. VND) | 1,508.7 | 1,629.2 | 1,370.1 | 1,172.1 | 1,416.8 | 1,357.8 | 1,272.1 | 2,886.1 | 3,654.7 | 2,845.2 | 4,690.9 | 3,958.2 |
| Other current assets (Bn. VND) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 128.6 | 30.9 |
| Investment and development funds (Bn. VND) | 37.2 | 36.4 | 35.2 | 31.7 | 87.7 | 83.6 | 91.5 | 85.9 | 887.6 | 1,179.6 | 1,207.6 | 1,248.5 |
| Common shares (Bn. VND) | 5,000.0 | 5,000.0 | 5,000.0 | 5,000.0 | 5,000.0 | 5,000.0 | 5,000.0 | 5,000.0 | 2,822.2 | 2,397.7 | 2,312.5 | 2,169.9 |
| Paid-in capital (Bn. VND) | 5,000.0 | 5,000.0 | 5,000.0 | 5,000.0 | 5,000.0 | 5,000.0 | 5,000.0 | 5,000.0 | 2,822.2 | 2,397.7 | 2,312.5 | 2,169.9 |
| Long-term borrowings (Bn. VND) | 3.4 | 2.8 | 5.7 | 7.2 | 6.2 | 7.8 | 12.0 | 31.5 | 98.4 | 136.6 | 694.4 | 756.6 |
| Advances from customers (Bn. VND) | 180.2 | 122.7 | 89.7 | 121.3 | 205.7 | 155.5 | 122.2 | 204.8 | 226.7 | 83.5 | 38.7 | 248.0 |
| Short-term borrowings (Bn. VND) | 2,353.3 | 1,798.9 | 1,392.8 | 2,553.1 | 1,898.7 | 1,451.7 | 2,263.7 | 3,297.0 | 3,937.6 | 5,201.2 | 6,874.9 | 4,392.5 |
| Long-term prepayments (Bn. VND) | 205.0 | 222.2 | 224.1 | 216.5 | 217.7 | 241.2 | 257.4 | 222.3 | 120.9 | 103.1 | 118.5 | 69.7 |
| Other long-term assets (Bn. VND) | 90.6 | 90.6 | 90.6 | 90.6 | 75.1 | 75.1 | 75.1 | 75.1 | 66.2 | 67.2 | 93.0 | 219.3 |
| Other long-term receivables (Bn. VND) | 1.9 | 1.00 | 0.85 | 0.51 | 0.51 | 0.52 | 0.52 | 8.7 | 8.6 | 16.2 | 0.97 | 1.2 |
| Long-term trade receivables (Bn. VND) | 677.5 | 655.5 | 626.3 | 608.3 | 587.6 | 595.2 | 595.3 | 603.8 | 592.4 | 591.7 | 547.8 | 540.9 |
Income Statement Báo Cáo Kết Quả Kinh Doanh — 26 items, 12 years · values in tỷ đồng
| Line Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY (%) | -0 | -0 | 0 | 0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | 0 |
| Revenue (Bn. VND) | 17,835 | 21,477 | 23,058 | 17,319 | 16,565 | 16,585 | 16,827 | 17,748 | 16,281 | 22,767 | 26,367 | 28,001 |
| Attribute to parent company (Bn. VND) | 28.4 | 4.3 | 23.1 | -9.2 | -348.9 | -246.0 | -204.3 | -1,469.0 | -22.8 | -16.2 | -904.6 | -252.8 |
| Attribute to parent company YoY (%) | 0 | -0 | 0 | 0 | -0 | -0 | 0 | -0 | -0 | 0 | -0 | 0 |
| Financial Income | 119.1 | 165.0 | 226.2 | 184.9 | 82.9 | 95.6 | 57.3 | 59.5 | 98.9 | 216.8 | 121.1 | 209.5 |
| Interest Expenses | -126.0 | -191.5 | -184.8 | -128.5 | -117.2 | -114.2 | -176.7 | -171.5 | -224.2 | -299.4 | -279.2 | -363.1 |
| Sales | 17,835 | 21,477 | 23,058 | 17,319 | 16,565 | 16,585 | 16,827 | 17,748 | 16,281 | 22,767 | 26,367 | 28,001 |
| Sales deductions | -21.8 | -17.4 | -27.7 | -15.7 | -24.4 | -32.5 | -15.3 | -7.7 | -30.9 | -16.1 | -27.5 | -22.0 |
| Net Sales | 17,814 | 21,460 | 23,031 | 17,304 | 16,541 | 16,553 | 16,811 | 17,740 | 16,251 | 22,751 | 26,339 | 27,979 |
| Cost of Sales | -16,032 | -19,828 | -21,212 | -15,791 | -15,594 | -15,559 | -15,338 | -16,217 | -14,126 | -19,572 | -23,383 | -26,219 |
| Gross Profit | 1,781.6 | 1,631.7 | 1,818.7 | 1,512.0 | 946.4 | 993.5 | 1,473.0 | 1,522.7 | 2,125.0 | 3,178.9 | 2,955.9 | 1,760.1 |
| Financial Expenses | -225.1 | -296.0 | -386.6 | -294.4 | -163.5 | -177.7 | -222.3 | -387.1 | -278.0 | -701.3 | -463.7 | -492.9 |
| Gain/(loss) from joint ventures | 7.0 | 7.7 | 7.1 | 4.9 | 2.0 | 6.6 | 9.0 | 3.7 | 1.4 | -66.3 | 0 | 0 |
| Selling Expenses | -1,108.6 | -1,058.1 | -1,066.6 | -979.8 | -817.2 | -700.1 | -1,100.9 | -971.5 | -1,585.3 | -2,388.5 | -2,797.8 | -1,562.9 |
| General & Admin Expenses | -505.5 | -446.7 | -528.8 | -402.3 | -373.2 | -409.4 | -397.7 | -1,595.9 | -439.6 | -464.5 | -666.4 | -459.4 |
| Operating Profit/Loss | 68.4 | 3.7 | 69.9 | 25.4 | -322.6 | -191.4 | -181.5 | -1,368.6 | -77.6 | -224.8 | -850.9 | -545.6 |
| Other income | 25.9 | 108.1 | 92.4 | 42.6 | 89.0 | 71.3 | 96.2 | 49.7 | 120.2 | 355.0 | 74.8 | 370.4 |
| Net income from associated companies | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -77.8 | -56.1 |
| Other Income/Expenses | -8.2 | -52.7 | -69.9 | -20.4 | -64.9 | -89.9 | -58.1 | -44.1 | -55.8 | -103.6 | -36.0 | -37.2 |
| Net other income/expenses | 17.8 | 55.4 | 22.5 | 22.2 | 24.1 | -18.7 | 38.1 | 5.6 | 64.4 | 251.4 | 38.8 | 333.1 |
| Profit before tax | 86.2 | 59.1 | 92.3 | 47.6 | -298.5 | -210.1 | -143.4 | -1,363.0 | -13.3 | 26.5 | -889.9 | -268.6 |
| Business income tax - current | -24.4 | -28.8 | -29.0 | -24.4 | -21.1 | -21.0 | -20.9 | -24.7 | -15.6 | -38.1 | -17.6 | -36.5 |
| Business income tax - deferred | 0.17 | -0.46 | -1.0 | -2.1 | -4.6 | -7.8 | -5.3 | -87.6 | -7.1 | 2.6 | -0.72 | 5.2 |
| Net Profit For the Year | 62.0 | 29.8 | 62.3 | 21.1 | -324.3 | -238.9 | -169.5 | -1,475.2 | -36.0 | -9.0 | -908.2 | -299.9 |
| Minority Interest | 33.6 | 25.5 | 39.2 | 30.3 | 24.6 | 7.0 | 34.8 | -6.2 | -13.2 | 7.2 | -3.6 | -47.1 |
| Attributable to parent company | 28.4 | 4.3 | 23.1 | -9.2 | -348.9 | -246.0 | -204.3 | -1,469.0 | -22.8 | -16.2 | -904.6 | -252.8 |
Cash Flow Statement Báo Cáo Lưu Chuyển Tiền Tệ — 33 items, 12 years · values in tỷ đồng
| Line Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Profit/Loss before tax | 86.2 | 59.1 | 92.3 | 47.6 | -298.5 | -210.1 | -143.4 | -1,363.0 | -13.3 | 26.5 | 0 | 0 |
| Depreciation and Amortisation | 141.7 | 144.2 | 149.6 | 153.4 | 308.5 | 329.5 | 351.4 | 286.5 | 267.0 | 256.7 | 0 | 0 |
| Provision for credit losses | 5.4 | -60.2 | 57.6 | -80.0 | 57.9 | 34.7 | -4.6 | 967.7 | -12.4 | 0.83 | 0 | 0 |
| Unrealized foreign exchange gain/loss | 1.1 | 20.4 | -57.9 | 4.2 | 6.8 | -0.41 | 1.4 | 11.8 | 31.2 | 55.2 | 0 | 0 |
| Profit/Loss from disposal of fixed assets | 0 | 0 | 0 | 0 | 0 | 0 | -26.2 | 0 | 0 | 0 | 0 | 0 |
| Profit/Loss from investing activities | -19.7 | -38.5 | -26.4 | -69.7 | -5.9 | -6.0 | -3.9 | -14.1 | -16.3 | -109.9 | 0 | 0 |
| Interest Expense | 126.0 | 191.5 | 184.8 | 128.5 | 117.2 | 114.2 | 176.7 | 171.5 | 224.2 | 299.4 | 0 | 0 |
| Operating profit before changes in working capital | 340.6 | 316.5 | 400.0 | 184.1 | 154.1 | 261.9 | 342.3 | 60.5 | 480.5 | 528.7 | 0 | 0 |
| Increase/Decrease in receivables | 62.8 | -159.6 | 1,475.7 | -1,206.0 | -228.6 | 347.1 | -480.0 | 124.8 | 507.7 | 744.2 | 0 | 0 |
| Increase/Decrease in inventories | 120.5 | -254.9 | -198.1 | 244.8 | -59.0 | -85.6 | 1,577.9 | -770.9 | -804.4 | 1,845.7 | 0 | 0 |
| Increase/Decrease in payables | 114.5 | -274.8 | -1,235.5 | 1,374.4 | -337.7 | 400.6 | -265.3 | 274.5 | -337.8 | -1,228.2 | 0 | 0 |
| Increase/Decrease in prepaid expenses | 18.0 | -0.68 | -8.4 | 1.9 | 25.6 | 30.3 | 190.0 | -71.4 | 24.5 | 29.1 | 0 | 0 |
| Interest paid | -127.0 | -185.2 | -176.4 | -120.5 | -104.6 | -99.8 | -141.9 | -168.0 | -197.9 | -303.5 | 0 | 0 |
| Business Income Tax paid | -28.2 | -28.0 | -25.7 | -19.2 | -23.3 | -24.4 | -18.5 | -29.0 | -23.0 | -16.8 | 0 | 0 |
| Other receipts from operating activities | 0 | 0 | 0 | 0 | -1.5 | 0 | 0 | 60.9 | 42.1 | 0 | 0 | 0 |
| Other payments on operating activities | -9.4 | -11.2 | -3.0 | -22.1 | 0 | -1.1 | -1.3 | -24.9 | -27.6 | -12.4 | 0 | 0 |
| Net cash inflows/outflows from operating activities | 491.8 | -597.9 | 228.6 | 437.5 | -574.9 | 829.0 | 1,203.2 | -543.6 | -336.0 | 1,586.9 | -1,380.0 | 338.4 |
| Purchase of fixed assets | -43.8 | -15.0 | -52.9 | -28.0 | -24.9 | -41.2 | -46.5 | -67.1 | -153.5 | -204.4 | -332.2 | -503.4 |
| Proceeds from disposal of fixed assets | 1.6 | 27.4 | 14.3 | 8.5 | 5.0 | 14.8 | 30.6 | 1.5 | 8.0 | 573.9 | 15.3 | 4.7 |
| Loans granted, purchases of debt instruments (Bn. VND) | -133.0 | -114.5 | -117.5 | -177.5 | -104.5 | -44.0 | -26.2 | -81.5 | -25.7 | -107.3 | -37.0 | -4.0 |
| Collection of loans, proceeds from sales of debts instruments (Bn. VND) | 110.0 | 106.0 | 134.5 | 218.5 | 44.0 | 28.2 | 27.5 | 58.0 | 62.6 | 52.6 | 4.1 | 0 |
| Investment in other entities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48.4 | 0 | 0 | 0 | -2.4 |
| Proceeds from divestment in other entities | 0 | 0 | 0 | 117.1 | 0 | 0 | 0 | 0 | 116.8 | 460.6 | 60.5 | 4.5 |
| Gain on Dividend | 15.7 | 5.5 | 16.1 | 13.2 | 8.9 | 11.7 | 3.8 | 20.9 | 16.4 | 12.0 | 22.3 | 115.8 |
| Net Cash Flows from Investing Activities | -49.5 | 9.4 | -5.5 | 151.6 | -71.5 | -30.5 | -10.8 | -19.7 | 24.6 | 787.3 | -267.1 | -384.9 |
| Proceeds from borrowings | 12,240 | 16,380 | 14,541 | 8,375.7 | 9,578.5 | 8,237.3 | 9,441.2 | 12,409 | 16,101 | 21,652 | 25,542 | 24,516 |
| Repayment of borrowings | -11,685 | -15,986 | -15,706 | -7,720.4 | -9,105.9 | -9,052.0 | -10,495 | -12,346 | -17,380 | -23,337 | -23,122 | -27,556 |
| Dividends paid | -22.8 | -41.6 | -31.8 | -39.8 | -27.9 | -16.5 | -18.4 | 0 | -16.2 | -19.0 | -4.9 | -6.0 |
| Cash flows from financial activities | 532.4 | 353.1 | -1,197.1 | 615.6 | 444.8 | -831.2 | -1,072.1 | 63.2 | -1,294.5 | -1,703.4 | 2,415.3 | -3,046.3 |
| Net increase/decrease in cash and cash equivalents | 974.6 | -235.4 | -973.9 | 1,204.7 | -201.6 | -32.8 | 120.3 | -500.1 | -1,605.8 | 670.8 | 768.1 | -3,092.8 |
| Cash and cash equivalents | 268.1 | 503.4 | 1,477.5 | 281.4 | 483.6 | 516.6 | 396.4 | 895.7 | 2,255.2 | 1,583.1 | 814.0 | 3,906.6 |
| Foreign exchange differences Adjustment | -0.21 | 0.08 | -0.22 | -8.6 | -0.51 | -0.32 | -0.05 | 0.83 | 7,756 | 1.3 | 1.0 | 0.26 |
| Cash and Cash Equivalents at the end of period | 1,242.5 | 268.1 | 503.4 | 1,477.5 | 281.4 | 483.6 | 516.6 | 396.4 | 649.3 | 2,255.2 | 1,583.1 | 814.0 |