The only funeral company on the stock exchange pays dividends 6.5 times its stock price

Hai Phong Funeral Service Joint Stock Company (stock code: CPH) has just announced the ex-dividend date for 2024 cash dividend payment is May 16. The payout ratio is 19.6% (equivalent to VND 1,960/share). On the market, the market price of this stock is only about VND 300/share. Thus, the dividend paid is 6.5 times higher than the market price of the stock.

The shareholder structure of this enterprise is quite concentrated. As of December 31, 2024, Hai Phong City People's Committee is the largest shareholder of the company with a 64.5% ownership ratio. The second largest shareholder is Hoang Phat Construction and Trading Investment Company Limited with 10% of charter capital. In addition, Mr. Nguyen Hong Le holds 5.33% of the shares of this enterprise. The company currently has a charter capital of 44 billion VND.

The company currently has 4.4 million shares outstanding at a market price of VND300/share, equivalent to a capitalization of VND1.32 billion, and no transactions. With 4.4 million shares outstanding, the company plans to spend nearly VND8.6 billion on this dividend.

Hai Phong Funeral Services Joint Stock Company, formerly known as Funeral Services One Member Co., Ltd., 100% owned by Hai Phong City People's Committee, operates in the field of funerals and cremations. The company was equitized in 2014 and started trading on UPCoM in 2018 with the code CPH.

This company is the only enterprise on the Vietnamese stock market operating in the field of funeral services.

The business organization structure is divided into 3 operating departments: Sales department (selling vases, coffins, stone tombs), finished product manufacturing department (producing and selling single tombs, double tombs and infrastructure) and service provision department (funeral services, reburial, cremation).

In 2024, the company recorded net revenue of nearly 151.7 billion VND, an increase of 15% over the same period in 2023. Profit after tax was about 10.8 billion VND. This unit has maintained profit at 9-11 billion VND from 2015 to present.

In 2025, CPH targets revenue of VND120 billion, down 22% compared to 2024. Net profit is expected to remain at nearly VND11 billion. Production plan includes 9,000 cremations and 50 reburials. The company continues to expand and diversify its funeral products, especially high-end coffins and tombstones.

The 2024 audit report shows that the Chairman of the Board of Directors, Mr. Nguyen Hong Le (born in 1969), received an income of more than 1.3 billion VND, equivalent to 109 million VND/month. In 2023, he also had an income of more than 1.2 billion VND.

Source: https://dantri.com.vn/kinh-doanh/cong-ty-mai-tang-duy-nhat-tren-san-chia-co-tuc-gap-65-lan-gia-co-phieu-20250512104833278.htm