Financials Duc Thanh Wood Processing

Equities

GDT

VN000000GDT5

Home Furnishings

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-05-22 pm EDT 5-day change 1st Jan Change
28,000 VND +1.08% Intraday chart for Duc Thanh Wood Processing +3.32% +20.43%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 676,270 498,448 691,963 1,117,694 682,617 499,384
Enterprise Value (EV) 1 561,162 402,263 658,551 1,079,089 674,677 479,035
P/E ratio 7.56 x 6.88 x 8.95 x 19 x 10.2 x 14.1 x
Yield 12% 13.6% - 5.21% 9.08% -
Capitalization / Revenue 1.73 x 1.46 x 1.73 x 3.3 x 1.71 x 1.61 x
EV / Revenue 1.44 x 1.18 x 1.64 x 3.19 x 1.69 x 1.54 x
EV / EBITDA 5.27 x 4.78 x 7.21 x 15.4 x 7.47 x 8.71 x
EV / FCF 113 x -20.6 x -9.62 x 36 x -11.3 x 6.82 x
FCF Yield 0.89% -4.86% -10.4% 2.77% -8.87% 14.7%
Price to Book 2.62 x 1.79 x 2.56 x 4.22 x 2.32 x 1.71 x
Nbr of stocks (in thousands) 19,718 20,514 20,421 21,331 21,302 21,479
Reference price 2 34,298 24,298 33,884 52,397 32,045 23,250
Announcement Date 3/14/19 3/30/20 3/31/21 3/2/22 3/20/23 4/2/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 389,834 341,846 400,405 338,629 399,763 310,996
EBITDA 1 106,445 84,172 91,376 69,862 90,265 54,969
EBIT 1 102,018 79,516 86,590 63,489 82,572 45,365
Operating Margin 26.17% 23.26% 21.63% 18.75% 20.66% 14.59%
Earnings before Tax (EBT) 1 112,369 92,749 100,085 76,341 86,957 46,037
Net income 1 89,705 74,221 79,977 60,786 69,270 36,692
Net margin 23.01% 21.71% 19.97% 17.95% 17.33% 11.8%
EPS 2 4,539 3,534 3,788 2,760 3,151 1,647
Free Cash Flow 1 4,983 -19,532 -68,468 29,943 -59,865 70,222
FCF margin 1.28% -5.71% -17.1% 8.84% -14.98% 22.58%
FCF Conversion (EBITDA) 4.68% - - 42.86% - 127.75%
FCF Conversion (Net income) 5.55% - - 49.26% - 191.38%
Dividend per Share 2 4,132 3,306 - 2,727 2,909 -
Announcement Date 3/14/19 3/30/20 3/31/21 3/2/22 3/20/23 4/2/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 115,108 96,184 33,412 38,605 7,940 20,349
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 4,983 -19,532 -68,468 29,943 -59,865 70,222
ROE (net income / shareholders' equity) 34.8% 27.6% 29.1% 22.7% 24.8% 12.5%
ROA (Net income/ Total Assets) 18.4% 13.6% 13.8% 10.2% 13.1% 6.96%
Assets 1 488,479 546,055 580,962 597,306 528,155 527,295
Book Value Per Share 2 13,107 13,567 13,248 12,413 13,818 13,579
Cash Flow per Share 2 859.0 423.0 43.90 398.0 916.0 1,065
Capex 1 5,506 3,428 57,906 5,036 17,260 8,270
Capex / Sales 1.41% 1% 14.46% 1.49% 4.32% 2.66%
Announcement Date 3/14/19 3/30/20 3/31/21 3/2/22 3/20/23 4/2/24
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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