HLD vs VNM (2025)
KEY RATIOS
ROE (%)
HLD
2.8
VNM
27.3
ROA (%)
HLD
0.7
VNM
17.66
Gross Margin (%)
HLD
33.47
VNM
41.13
Net Margin (%)
HLD
6.85
VNM
14.77
Debt/Equity
HLD
2.99
VNM
0.55
Equity Multiplier
HLD
3.99
VNM
1.55
Balance Sheet
| Item | HLD | VNM |
|---|---|---|
| Current Assets | 2,620.4 | 36,261 |
| Non-Current Assets | 87.4 | 17,051 |
| Fixed Assets | 25.4 | 12,649 |
| Total Assets | 2,707.8 | 53,312 |
| Total Liabilities | 2,029.4 | 18,829 |
| Current Liabilities | 1,094.9 | 18,520 |
| Non-Current Liabilities | 934.5 | 309.1 |
| Owner's Equity | 678.4 | 34,483 |
Income Statement
| Item | HLD | VNM |
|---|---|---|
| Revenue | 277.0 | 63,724 |
| Profit Attr. to Parent | 19.0 | 9,410.2 |
| Net Revenue | 277.0 | — |
| Cost of Goods Sold | -184.3 | -37,436 |
| Gross Profit | 92.7 | 26,209 |
| Selling Expenses | -4.2 | -13,642 |
| G&A Expenses | -37.1 | -1,904.1 |
| Operating Profit | 36.2 | 11,660 |
| Profit Before Tax | 26.3 | 11,650 |
| Net Profit After Tax | 19.0 | 9,413.6 |
Cash Flow
| Item | HLD | VNM |
|---|---|---|
| Depreciation | 0 | 2,116.2 |
| Operating Cash Flow | -1,058.4 | 8,668.1 |
| Capex | -1.5 | -1,762.0 |
| Investing Cash Flow | -10.2 | 1,976.1 |
| Proceeds From Borrowings | 1,126.9 | 19,499 |
| Repayment Of Borrowings | -50.6 | -19,323 |
| Dividends Paid | 0 | -11,264 |
| Financing Cash Flow | 1,309.9 | -11,082 |
| Net Change in Cash | 241.4 | -437.7 |
| Ending Cash Balance | 269.9 | 1,794.9 |
| Interest Paid | — | -311.5 |
| Tax Paid | — | -1,536.1 |