Financials Dat Xanh Group

Equities

DXG

VN000000DXG7

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
16,150 ^VND	-1.22%		+0.94%	-16.54%

Apr. 26	Dat Xanh Group Joint Stock Company Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Jan. 31	Dat Xanh Group Joint Stock Company Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,536,079	8,266,681	20,860,895	7,755,621	11,804,110	11,611,139	-	-
Enterprise Value (EV) ¹	7,536,079	8,266,681	20,860,895	7,755,621	11,804,110	11,611,139	11,611,139	11,611,139
P/E ratio	5.45 x	-19.1 x	18.1 x	52 x	67 x	30.1 x	20.4 x	12.1 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	1.3 x	2.86 x	2.07 x	1.39 x	3.19 x	2.6 x	2.33 x	1.34 x
EV / Revenue	1.3 x	2.86 x	2.07 x	1.39 x	3.19 x	2.6 x	2.33 x	1.34 x
EV / EBITDA	3.53 x	9.22 x	7.47 x	8.69 x	14.4 x	10.9 x	8.99 x	5.86 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.94 x	1.34 x	2.38 x	-	-	1.07 x	1.03 x	-
Nbr of stocks (in thousands)	597,689	596,030	596,026	608,284	610,032	718,956	-	-
Reference price ²	12,609	13,870	35,000	12,750	19,350	16,150	16,150	16,150
Announcement Date	1/21/20	1/22/21	1/28/22	1/27/23	1/31/24	-	-	-

¹VND in Million²VND

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,813,578	2,890,654	10,083,018	5,581,422	3,705,959	4,470,000	4,981,000	8,696,500
EBITDA ¹	2,131,925	896,171	2,791,445	892,775	819,521	1,060,500	1,292,000	1,980,000
EBIT ¹	2,099,012	839,616	2,712,677	806,042	737,696	1,015,000	1,309,667	2,142,500
Operating Margin	36.11%	29.05%	26.9%	14.44%	19.91%	22.71%	26.29%	24.64%
Earnings before Tax (EBT) ¹	2,388,514	74,482	2,516,019	743,441	457,579	704,500	1,019,000	1,673,500
Net income ¹	1,216,515	-431,930	1,157,260	148,826	176,333	414,000	611,500	1,031,000
Net margin	20.93%	-14.94%	11.48%	2.67%	4.76%	9.26%	12.28%	11.86%
EPS ²	2,314	-724.3	1,931	245.0	289.0	536.0	791.0	1,332
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	1/21/20	1/22/21	1/28/22	1/27/23	1/31/24	-	-	-

¹VND in Million²VND

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S2
Net sales ¹	984,365
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	-407,619
Net margin	-41.41%
EPS	-
Dividend per Share	-
Announcement Date	1/27/23

¹VND in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	20.3%	-7.54%	15.5%	1.66%	1.89%	2.87%	4.03%	7.35%
ROA (Net income/ Total Assets)	7.24%	-2.3%	4.49%	0.5%	0.6%	1.4%	2%	3.4%
Assets ¹	16,804,547	18,816,367	25,782,728	29,512,483	29,556,325	29,571,429	30,575,000	30,323,529
Book Value Per Share ²	13,347	10,325	14,713	-	-	15,153	15,686	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	230,677	89,360	62,559	148,250	129,281	28,000	45,000	58,000
Capex / Sales	3.97%	3.09%	0.62%	2.66%	3.49%	0.63%	0.9%	0.67%
Announcement Date	1/21/20	1/22/21	1/28/22	1/27/23	1/31/24	-	-	-

¹VND in Million²VND

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Dat Xanh Group

Trading Rating

Investor Rating

ESG Refinitiv

D-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

16,150 VND

Average target price

20,050 VND

Spread / Average Target

+24.15%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Real Estate Development & Operations

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