Financials Development Investment ConstructionCorporation

Equities

DIG

VN000000DIG8

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
27,800 VND -1.77% Intraday chart for Development Investment ConstructionCorporation -1.07% +3.93%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,913,514 4,346,222 8,593,568 48,339,456 8,720,884 16,313,541
Enterprise Value (EV) 1 4,797,111 4,804,759 9,578,054 49,419,232 12,056,242 16,836,795
P/E ratio 12.6 x 10.7 x 12.8 x 42.4 x 60.5 x 137 x
Yield 4.52% 7.25% - - - -
Capitalization / Revenue 1.67 x 2.05 x 3.46 x 18.8 x 4.6 x 15.9 x
EV / Revenue 2.05 x 2.27 x 3.85 x 19.2 x 6.36 x 16.4 x
EV / EBITDA 14.2 x 14 x 24.5 x 91.7 x 28.6 x 149 x
EV / FCF 11.5 x -14.1 x 4.07 x -31 x -3.01 x 9.82 x
FCF Yield 8.71% -7.08% 24.6% -3.23% -33.2% 10.2%
Price to Book 1.25 x 1.1 x 1.82 x 6.48 x 1.16 x 2.13 x
Nbr of stocks (in thousands) 416,258 494,506 487,116 609,867 609,852 609,852
Reference price 2 9,402 8,789 17,642 79,262 14,300 26,750
Announcement Date 4/1/19 3/31/20 3/29/21 3/30/22 3/31/23 3/29/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,345,008 2,115,744 2,487,174 2,568,689 1,896,689 1,025,747
EBITDA 1 336,897 342,361 390,972 538,786 420,936 113,122
EBIT 1 314,094 304,924 346,271 487,816 356,434 47,702
Operating Margin 13.39% 14.41% 13.92% 18.99% 18.79% 4.65%
Earnings before Tax (EBT) 1 428,283 471,281 899,845 1,281,557 198,787 165,886
Net income 1 323,992 390,990 711,238 986,154 144,128 118,727
Net margin 13.82% 18.48% 28.6% 38.39% 7.6% 11.57%
EPS 2 747.8 818.7 1,374 1,870 236.3 194.7
Free Cash Flow 1 417,677 -340,383 2,354,389 -1,594,968 -3,999,687 1,714,101
FCF margin 17.81% -16.09% 94.66% -62.09% -210.88% 167.11%
FCF Conversion (EBITDA) 123.98% - 602.19% - - 1,515.26%
FCF Conversion (Net income) 128.92% - 331.03% - - 1,443.73%
Dividend per Share 2 424.6 636.9 - - - -
Announcement Date 4/1/19 3/31/20 3/29/21 3/30/22 3/31/23 3/29/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 883,596 458,537 984,486 1,079,776 3,335,358 523,254
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.623 x 1.339 x 2.518 x 2.004 x 7.924 x 4.626 x
Free Cash Flow 1 417,677 -340,383 2,354,389 -1,594,968 -3,999,687 1,714,101
ROE (net income / shareholders' equity) 10.9% 10.3% 16.4% 15.9% 2.47% 1.42%
ROA (Net income/ Total Assets) 3.03% 2.54% 2.16% 2.13% 1.41% 0.19%
Assets 1 10,681,169 15,417,573 32,903,308 46,372,345 10,221,137 62,885,106
Book Value Per Share 2 7,525 7,977 9,715 12,239 12,360 12,544
Cash Flow per Share 2 1,765 1,201 827.0 1,640 403.0 3,783
Capex 1 55,484 49,905 11,581 25,989 39,738 23,878
Capex / Sales 2.37% 2.36% 0.47% 1.01% 2.1% 2.33%
Announcement Date 4/1/19 3/31/20 3/29/21 3/30/22 3/31/23 3/29/24
1VND in Million2VND
Estimates
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