DANANG RUBBER |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 34,050 VND | -6.97% |
|
-0.87% | +28.49% |
| 05-13 | Danang Rubber Joint Stock Company Approves Cash Dividend for 2023, Payable on June 28, 2024 | CI |
| 04-26 | Danang Rubber Joint Stock Company Announces Board Changes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,767,868 | 2,726,290 | 3,878,579 | 2,447,128 | 3,148,004 | 4,044,888 | - | - |
| Enterprise Value (EV) 1 | 2,767,868 | 2,726,290 | 3,878,579 | 2,447,128 | 3,148,004 | 4,044,888 | 4,044,888 | 4,044,888 |
| P/E ratio | 11.1 x | 10.6 x | 13.3 x | 7.93 x | 12.7 x | 14.3 x | 13 x | 13.7 x |
| Yield | 6.44% | 6.54% | 5.21% | 8.74% | - | 5.19% | 5.38% | 4.41% |
| Capitalization / Revenue | 0.72 x | 0.75 x | 0.89 x | 0.5 x | 0.7 x | 0.82 x | 0.7 x | 0.71 x |
| EV / Revenue | 0.72 x | 0.75 x | 0.89 x | 0.5 x | 0.7 x | 0.82 x | 0.7 x | 0.71 x |
| EV / EBITDA | 4.2 x | 4.67 x | 7.4 x | 4.35 x | 6.94 x | 7.95 x | 7.55 x | 7.31 x |
| EV / FCF | 7.39 x | 3.41 x | -32.7 x | 66.3 x | - | -10.6 x | 25.3 x | 57.8 x |
| FCF Yield | 13.5% | 29.3% | -3.05% | 1.51% | - | -9.44% | 3.96% | 1.73% |
| Price to Book | 1.7 x | 1.62 x | 2.19 x | 1.28 x | - | 2.12 x | 2.08 x | - |
| Nbr of stocks (in thousands) | 118,793 | 118,793 | 118,793 | 118,793 | 118,793 | 118,793 | - | - |
| Reference price 2 | 23,300 | 22,950 | 32,650 | 20,600 | 26,500 | 34,050 | 34,050 | 34,050 |
| Announcement Date | 17/01/20 | 20/01/21 | 20/01/22 | 17/01/23 | 19/01/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,858,121 | 3,646,641 | 4,379,518 | 4,898,588 | 4,495,175 | 4,940,500 | 5,754,333 | 5,672,000 |
| EBITDA 1 | 659,470 | 583,469 | 524,144 | 563,185 | 453,429 | 509,000 | 536,000 | 553,000 |
| EBIT 1 | - | 322,082 | 365,263 | 385,530 | 306,989 | 336,000 | 427,000 | 408,000 |
| Operating Margin | - | 8.83% | 8.34% | 7.87% | 6.83% | 6.8% | 7.42% | 7.19% |
| Earnings before Tax (EBT) 1 | 312,993 | 320,514 | 364,265 | 386,675 | 307,092 | 336,000 | 409,333 | 368,000 |
| Net income 1 | 250,385 | 256,548 | 290,948 | 308,471 | 247,741 | 288,000 | 327,333 | 294,000 |
| Net margin | 6.49% | 7.04% | 6.64% | 6.3% | 5.51% | 5.83% | 5.69% | 5.18% |
| EPS 2 | 2,108 | 2,160 | 2,449 | 2,597 | 2,085 | 2,377 | 2,619 | 2,478 |
| Free Cash Flow 1 | 374,707 | 799,770 | -118,466 | 36,896 | - | -382,000 | 160,000 | 70,000 |
| FCF margin | 9.71% | 21.93% | -2.71% | 0.75% | - | -7.73% | 2.78% | 1.23% |
| FCF Conversion (EBITDA) | 56.82% | 137.07% | - | 6.55% | - | - | 29.85% | 12.66% |
| FCF Conversion (Net income) | 149.65% | 311.74% | - | 11.96% | - | - | 48.88% | 23.81% |
| Dividend per Share 2 | 1,500 | 1,500 | 1,700 | 1,800 | - | 1,767 | 1,833 | 1,500 |
| Announcement Date | 17/01/20 | 20/01/21 | 20/01/22 | 17/01/23 | 19/01/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q2 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,233,533 | - | 1,161,569 | 1,123,476 | 1,097,366 | - | 1,311,000 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | 62,835 | - | 121,813 | - | - |
| Operating Margin | - | - | - | 5.41% | - | 11.1% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | 83,881 | 79,486 | 25,407 | 50,914 | - | 95,771 | 49,241 | 96,000 |
| Net margin | - | 6.44% | - | 4.38% | - | 8.73% | - | 7.32% |
| EPS | 706.0 | - | 214.0 | - | - | - | 415.0 | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 15/07/22 | 17/01/23 | 18/04/23 | 17/07/23 | 16/10/23 | 19/01/24 | 17/04/24 | - |
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 1 | 374,707 | 799,770 | -118,466 | 36,896 | - | -382,000 | 160,000 | 70,000 |
| ROE (net income / shareholders' equity) | 15.9% | 15.5% | 16.8% | 16.7% | 13.2% | 15.2% | 17.4% | 14% |
| ROA (Net income/ Total Assets) | 9.04% | 9.98% | 10.5% | 9.41% | 7.26% | 8.38% | 8.8% | 7.1% |
| Assets 1 | 2,770,601 | 2,569,383 | 2,784,192 | 3,279,579 | 3,412,175 | 3,438,806 | 3,719,697 | 4,140,845 |
| Book Value Per Share 2 | 13,738 | 14,206 | 14,933 | 16,084 | - | 16,066 | 16,393 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 4,951 | 9,147 | 9,282 | 13,900 | 223,619 | 545,000 | 134,000 | 187,000 |
| Capex / Sales | 0.13% | 0.25% | 0.21% | 0.28% | 4.97% | 11.03% | 2.33% | 3.3% |
| Announcement Date | 17/01/20 | 20/01/21 | 20/01/22 | 17/01/23 | 19/01/24 | - | - | - |
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
HOLD
Number of Analysts
5
Last Close Price
34,050
VND
Average target price
33,350
VND
Spread / Average Target
-2.06%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +28.49% | 159M | |
| +25.75% | 7.49B | |
| -0.09% | 6.59B | |
| +10.13% | 4.93B | |
| -0.44% | 4B | |
| +19.35% | 4.13B | |
| -4.47% | 3.7B | |
| +16.90% | 3.38B | |
| +41.73% | 3.03B | |
| +5.62% | 1.68B |
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