DUC GIANG CHEMICALS GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 123,800 VND | -0.80% |
|
+3.00% | +31.14% |
| Apr. 22 | Duc Giang Chemicals Group Joint Stock Company Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 09 | Deals of the day-Mergers and acquisitions | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,024,935 | 7,601,946 | 27,355,641 | 22,368,949 | 35,851,082 | 47,016,568 | - | - |
| Enterprise Value (EV) 1 | 3,024,935 | 7,601,946 | 27,355,641 | 22,368,949 | 35,851,082 | 35,603,568 | 33,542,768 | 29,455,468 |
| P/E ratio | 5.57 x | 8.92 x | 12.2 x | 4.27 x | 12.3 x | 12.6 x | 9.85 x | 10.4 x |
| Yield | - | 3.79% | 0.63% | 5.09% | - | 2.48% | 2.53% | 2.95% |
| Capitalization / Revenue | - | 1.22 x | 2.86 x | 1.55 x | 3.67 x | 4.12 x | 3.32 x | 3.42 x |
| EV / Revenue | - | 1.22 x | 2.86 x | 1.55 x | 3.67 x | 3.12 x | 2.37 x | 2.15 x |
| EV / EBITDA | - | 5.89 x | 9.36 x | 3.55 x | 9.31 x | 8.24 x | 6.11 x | 5.3 x |
| EV / FCF | - | 9.18 x | 11.5 x | - | 23.1 x | 12.5 x | 10.6 x | 7.03 x |
| FCF Yield | - | 10.9% | 8.66% | - | 4.33% | 7.97% | 9.46% | 14.2% |
| Price to Book | - | 1.95 x | 4.52 x | 2.14 x | - | 3.02 x | 2.62 x | - |
| Nbr of stocks (in thousands) | 355,780 | 371,246 | 371,243 | 379,778 | 379,778 | 379,778 | - | - |
| Reference price 2 | 8,502 | 20,477 | 73,687 | 58,900 | 94,400 | 123,800 | 123,800 | 123,800 |
| Announcement Date | 1/31/20 | 1/19/21 | 1/19/22 | 1/18/23 | 1/22/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 6,236,414 | 9,550,388 | 14,444,111 | 9,760,984 | 11,421,000 | 14,151,000 | 13,731,333 |
| EBITDA 1 | - | 1,291,279 | 2,923,101 | 6,293,768 | 3,850,808 | 4,319,950 | 5,487,275 | 5,556,550 |
| EBIT 1 | - | 1,023,409 | 2,644,495 | 6,380,878 | 3,498,389 | 3,798,133 | 4,772,517 | 4,728,700 |
| Operating Margin | - | 16.41% | 27.69% | 44.18% | 35.84% | 33.26% | 33.73% | 34.44% |
| Earnings before Tax (EBT) 1 | - | 1,001,153 | 2,637,119 | 6,374,977 | 3,497,006 | 4,227,280 | 5,186,380 | 5,509,267 |
| Net income 1 | 566,145 | 906,566 | 2,388,716 | 5,567,840 | 3,108,753 | 3,749,950 | 4,657,317 | 4,801,100 |
| Net margin | - | 14.54% | 25.01% | 38.55% | 31.85% | 32.83% | 32.91% | 34.96% |
| EPS 2 | 1,526 | 2,295 | 6,048 | 13,781 | 7,695 | 9,851 | 12,572 | 11,895 |
| Free Cash Flow 1 | - | 828,114 | 2,369,162 | - | 1,553,945 | 2,837,467 | 3,172,700 | 4,188,333 |
| FCF margin | - | 13.28% | 24.81% | - | 15.92% | 24.84% | 22.42% | 30.5% |
| FCF Conversion (EBITDA) | - | 64.13% | 81.05% | - | 40.35% | 65.68% | 57.82% | 75.38% |
| FCF Conversion (Net income) | - | 91.35% | 99.18% | - | 49.99% | 75.67% | 68.12% | 87.24% |
| Dividend per Share 2 | - | 775.3 | 460.8 | 3,000 | - | 3,067 | 3,133 | 3,650 |
| Announcement Date | 1/31/20 | 1/19/21 | 1/19/22 | 1/18/23 | 1/22/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q3 | 2022 Q4 | 2023 Q2 |
|---|---|---|---|---|
| Net sales | - | - | 3,111,502 | - |
| EBITDA | - | - | - | - |
| EBIT | - | - | - | - |
| Operating Margin | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income 1 | 1,304,063 | 1,413,949 | 1,032,402 | 843,440 |
| Net margin | - | - | 33.18% | - |
| EPS 2 | - | 3,500 | - | 2,136 |
| Dividend per Share | - | - | - | - |
| Announcement Date | 1/19/22 | 10/19/22 | 1/18/23 | 7/21/23 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 11,413,000 | 13,473,800 | 17,561,100 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 828,114 | 2,369,162 | - | 1,553,945 | 2,837,467 | 3,172,700 | 4,188,333 |
| ROE (net income / shareholders' equity) | - | 25.1% | 48% | 67.4% | 27.7% | 29.1% | 28.9% | 25.1% |
| ROA (Net income/ Total Assets) | - | 17.1% | 33.6% | 51% | 21.5% | 23.1% | 24.3% | 20.8% |
| Assets 1 | - | 5,297,817 | 7,107,159 | 10,917,976 | 14,448,431 | 16,232,376 | 19,181,700 | 23,063,727 |
| Book Value Per Share 2 | - | 10,499 | 16,304 | 27,520 | - | 41,006 | 47,165 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | - | 298,504 | 216,900 | 172,958 | 257,558 | 1,046,000 | 1,189,500 | 312,333 |
| Capex / Sales | - | 4.79% | 2.27% | 1.2% | 2.64% | 9.16% | 8.41% | 2.27% |
| Announcement Date | 1/31/20 | 1/19/21 | 1/19/22 | 1/18/23 | 1/22/24 | - | - | - |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
123,800
VND
Average target price
135,783
VND
Spread / Average Target
+9.68%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +31.14% | 1.85B | |
| -1.96% | 74.28B | |
| +0.05% | 46.91B | |
| +2.38% | 32.93B | |
| +7.54% | 17.78B | |
| -6.58% | 12.09B | |
| -0.23% | 10.66B | |
| +3.37% | 9.55B | |
| +5.01% | 8.28B | |
| -8.19% | 8.08B |
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- Financials Duc Giang Chemicals Group
