BWA

Listed Company · UPCOM

Price
16,900
Latest close
19 Mar 2026
P/E
EPS (TTM) 0
ROE (TTM) -0.7%
P/B
BVPS (Latest)
ROA (TTM) -0.3%

What Is Changing

BWA has not yet shown a broad-based top-line recovery. Revenue posted -11.2% YoY, but net margin reached -0.73% with an additional -3.4pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.

  • Net Margin fell below its recent low, compressing 298bps to -0.73% in 2025.
  • Net Income fell to a multi-period low at VND -0.2bn in 2025.
  • Revenue decreased 11.2% YoY to VND 32.9bn in 2025.
Metric 2025 2024 2023 2022
Revenue 32.9 37.0 35.3 32.1
Growth -11% +5% +10%
Net Income -0.2 1.0 0.8 1.4
Net Margin -0.73% 2.65% 2.25% 4.47%

Financial Statements

Profitability

Net margin reached -0.73% while Revenue posted -11.2% YoY.

Balance Sheet

Inventory stood at 3.1bn, liabilities at 77.5bn, and equity at 32.9bn.

Cash Flow

Operating cash flow was 3.7bn in 2024, while investing cash flow was -11.5bn.

Financing cash flow: 8.6bn.

Item 2025 2024 2023 2022
Net Revenue
32.9 37.0 35.3 32.1
Cost of Goods Sold
22.4 26.1 25.2 20.9
Gross Profit
10.5 10.9 10.1 11.2
Financial Expenses
0.9 0.0 0.0 0.0
Selling Expenses
5.9 5.9 5.6 6.6
General and Administrative Expenses
3.5 3.6 3.0 2.9
Operating Profit
0.3 1.4 1.8 1.9
Profit Before Tax
0.2 1.4 1.2 1.9
Net Income
-0.2 1.0 0.8 1.4
Profit Attributable to Parent
-0.2 1.0 0.8 1.4
Earnings per Share
-89.00 363.00 294.00 530.00

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