PHAT DAT REAL ESTATE DEVELOPMENT CORPORATION

Cash flow Phat Dat Real Estate Development Corporation

Equities

PDR

VN000000PDR0

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. Other stock markets 2024-12-03			5-day change	1st Jan Change
20,700.00 ^VND	-0.72%		-2.82%	-25.67%

Oct. 11	Phat Dat Real Estate Development Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI
Jul. 19	Phat Dat Real Estate Development Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: PHAT DAT REAL ESTATE DEVELOPMENT CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3,400B	3,911B	3,620B	1,505B	618B
Total Revenues	3,400B	3,911B	3,620B	1,505B	618B
Cost of Goods Sold, Total	2,082B	2,089B	857B	227B	73.82B
Gross Profit	1,318B	1,822B	2,763B	1,277B	544B
Selling General & Admin Expenses, Total	217B	248B	239B	301B	214B
Other Operating Expenses, Total	217B	248B	239B	301B	214B
Operating Income	1,101B	1,574B	2,525B	977B	330B
Interest Expense, Total	-102M	-25.83B	-163B	-535B	-377B
Interest And Investment Income	6.69B	6.12B	6.74B	8.54B	5.9B
Net Interest Expenses	6.59B	-19.71B	-157B	-527B	-371B
Income (Loss) On Equity Invest.	-	-	-113M	-56.31M	-23.21B
Currency Exchange Gains (Loss)	1.5B	-	-	-24.4B	-22.22B
Other Non Operating Income (Expenses)	-1.75B	-13.87B	-23.51B	-1.73B	45.77B
EBT, Excl. Unusual Items	1,107B	1,540B	2,344B	424B	-41.01B
Gain (Loss) On Sale Of Investments	-	-	-	-200B	942B
Gain (Loss) On Sale Of Assets	-	-	-	1,259B	3.94B
Other Unusual Items	-2B	-	-	-	-
EBT, Incl. Unusual Items	1,105B	1,540B	2,344B	1,482B	905B
Income Tax Expense	231B	320B	484B	322B	223B
Earnings From Continuing Operations	874B	1,220B	1,861B	1,161B	683B
Net Income to Company	874B	1,220B	1,861B	1,161B	683B
Minority Interest	-4.64M	71.15M	4.4B	-23.37B	1.56B
Net Income - (IS)	874B	1,220B	1,865B	1,137B	684B
Preferred Dividend and Other Adjustments	43.71B	61.02B	83.93B	39.8B	4.52B
Net Income to Common Incl Extra Items	830B	1,159B	1,781B	1,097B	680B
Net Income to Common Excl. Extra Items	830B	1,159B	1,781B	1,097B	680B
Per Share Items
Net EPS - Basic	1.25K	1.75K	2.68K	1.63K	1K
Basic EPS - Continuing Operations	1.25K	1.75K	2.68K	1.63K	1K
Basic Weighted Average Shares Outstanding	663M	663M	664M	672M	678M
Net EPS - Diluted	1.25K	1.75K	2.68K	1.63K	1K
Diluted EPS - Continuing Operations	1.25K	1.75K	2.68K	1.63K	1K
Diluted Weighted Average Shares Outstanding	663M	663M	664M	672M	678M
Normalized Basic EPS	1.04K	1.45K	2.21K	359.32	-35.53
Normalized Diluted EPS	1.04K	1.45K	2.21K	359.32	-35.53
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	32.2	0	-	-
Supplemental Items
EBITDA	1,106B	1,580B	2,533B	987B	339B
EBITA	1,101B	1,574B	2,525B	977B	330B
EBIT	1,101B	1,574B	2,525B	977B	330B
EBITDAR	1,107B	-	-	-	-
Total Revenues (As Reported)	3,400B	3,911B	-	-	-
Effective Tax Rate - (Ratio)	20.91	20.77	20.63	21.7	24.61
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	231B	320B	484B	329B	207B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	444M	-32.19M	-613M	-7.3B	27.37M
Normalized Net Income	692B	963B	1,470B	241B	-24.07B
Supplemental Operating Expense Items
Advertising Expense	16.12B	8.61B	11.27B	10.64B	8.78B
Selling and Marketing Expenses	124B	118B	18.01B	26.25B	14.47B
General and Administrative Expenses	93B	130B	221B	275B	199B
Net Rental Expense, Total	984M	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	646B	53.17B	494B	262B	505B
Short Term Investments	-	12.18B	21.59B	9.37B	15.37B
Total Cash And Short Term Investments	646B	65.35B	516B	271B	520B
Accounts Receivable, Total	792B	169B	663B	2,076B	2,301B
Other Receivables	154B	276B	1,882B	2,572B	897B
Notes Receivable	-	-	-	30B	30B
Total Receivables	946B	445B	2,545B	4,678B	3,229B
Inventory	7,995B	9,331B	12,192B	12,181B	12,200B
Prepaid Expenses	2.54B	4.7B	5.58B	33.74B	5.09B
Other Current Assets, Total	765B	1,083B	78.95B	1,053B	962B
Total Current Assets	10,355B	10,929B	15,337B	18,217B	16,916B
Gross Property Plant And Equipment	938B	968B	1,140B	1,131B	1,248B
Accumulated Depreciation	-12.91B	-35.87B	-49.35B	-48.47B	-77.69B
Net Property Plant And Equipment	925B	932B	1,090B	1,083B	1,171B
Long-term Investments	5.5B	1,734B	1,129B	1,776B	1,202B
Goodwill	-	-	-	-	-
Other Intangibles, Total	1.04B	401M	9.91B	7.75B	15.01B
Accounts Receivable Long-Term	100B	50B	1,028B	-	-
Loans Receivable Long-Term	126B	76.4B	-	-	-
Deferred Tax Assets Long-Term	32.9M	65.09M	678M	7.98B	7.95B
Other Long-Term Assets, Total	2,449B	1,896B	1,957B	1,752B	1,756B
Total Assets	13,961B	15,617B	20,552B	22,843B	21,068B
Liabilities
Accounts Payable, Total	261B	288B	148B	457B	243B
Accrued Expenses, Total	134B	263B	106B	133B	131B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	1,202B	1,414B	807B	2,668B	815B
Current Income Taxes Payable	144B	315B	266B	327B	193B
Unearned Revenue Current, Total	651B	620B	1,695B	1,243B	6.66B
Other Current Liabilities	681B	1,487B	5,710B	6,202B	7,788B
Total Current Liabilities	3,073B	4,386B	8,731B	11,029B	9,177B
Long-Term Debt	970B	485B	3,402B	2,554B	2,311B
Other Non Current Liabilities	5,549B	5,552B	274B	5.1M	5.1M
Total Liabilities	9,592B	10,423B	12,407B	13,583B	11,488B
Common Stock, Total	3,277B	3,962B	4,928B	6,716B	7,388B
Additional Paid In Capital	11.68B	11.68B	71.68B	71.68B	71.12B
Retained Earnings	1,009B	1,129B	2,055B	1,362B	2,062B
Total Common Equity	4,297B	5,102B	7,054B	8,151B	9,521B
Minority Interest	71.85B	91.97B	1,091B	1,110B	58.17B
Total Equity	4,369B	5,194B	8,145B	9,261B	9,579B
Total Liabilities And Equity	13,961B	15,617B	20,552B	22,843B	21,068B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	663M	663M	672M	672M	739M
ECS Total Common Shares Outstanding	663M	663M	672M	672M	739M
Book Value / Share	6.48K	7.69K	10.5K	12.14K	12.89K
Tangible Book Value	4,296B	5,102B	7,044B	8,143B	9,506B
Tangible Book Value Per Share	6.48K	7.69K	10.49K	12.12K	12.87K
Total Debt	2,172B	1,899B	4,209B	5,222B	3,126B
Net Debt	1,526B	1,833B	3,693B	4,951B	2,606B
Debt Equivalent Oper. Leases	7.87B	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	71.85B	91.97B	1,091B	1,110B	58.17B
Equity Method Investments, Total	2.69B	1,734B	1,127B	1,773B	1,199B
Account Code - Inventory Valuation	3	3	6	6	6
Inventories - Finished Goods, Total	1.58B	472M	474M	383M	383M
Inventories - Others	7,993B	9,331B	12,192B	12,181B	12,199B
Buildings, Total	-	34.02B	139B	34.33B	34.33B
Machinery, Total	-	35.52B	40.23B	44.55B	44.51B
Full Time Employees	-	267	320	355	257
Accumulated Allowance for Doubtful Accounts (Supple)	3.11B	1.04B	1.04B	1.04B	10.04B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	874B	1,220B	1,865B	1,137B	684B
Depreciation & Amortization - CF	5.19B	6.68B	8.96B	10.27B	8.8B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	5.19B	6.68B	8.96B	10.27B	8.8B
Amortization of Deferred Charges, Total - (CF)	818M	3.43B	6.87B	33.35B	36.73B
(Gain) Loss From Sale Of Asset	1.51B	-	-	-1,070B	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Other Operating Activities, Total	-30.83B	-120B	-207B	89.4B	-1,095B
Change In Accounts Receivable	-64.57B	839B	-1,806B	-2,674B	2,465B
Change In Inventories	-3,454B	1,611B	798B	-1,627B	-26.33B
Change In Accounts Payable	1,759B	759B	252B	358B	-1,647B
Change in Other Net Operating Assets	-110B	66.74B	-121B	-35.97B	-940M
Cash from Operations	-1,018B	4,385B	797B	-3,779B	425B
Capital Expenditure	-101B	-485B	-45.05B	-80.9B	-105B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-600B	-3,814B	-2,712B	2,657B	591B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-2.81B	-	-	-	-
Other Investing Activities, Total	6.69B	5.22B	4.18B	8.53B	4.22B
Cash from Investing	-697B	-4,293B	-2,753B	2,585B	490B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	2,456B	1,161B	2,901B	3,249B	1,749B
Total Debt Issued	2,456B	1,161B	2,901B	3,249B	1,749B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-285B	-1,453B	-1,666B	-2,290B	-3,103B
Total Debt Repaid	-285B	-1,453B	-1,666B	-2,290B	-3,103B
Issuance of Common Stock	-	-	1,162B	-	671B
Common Dividends Paid	-	-393B	-51.41M	-	-
Common & Preferred Stock Dividends Paid	-	-393B	-51.41M	-	-
Other Financing Activities, Total	-	-	-	2.59B	11.05B
Cash from Financing	2,172B	-685B	2,397B	962B	-672B
Net Change in Cash	457B	-593B	441B	-232B	243B
Supplemental Items
Cash Interest Paid	76.81B	284B	260B	503B	416B
Cash Income Tax Paid (Refund)	157B	147B	545B	261B	321B
Levered Free Cash Flow	-175B	439B	3,537B	-2,449B	1,462B
Unlevered Free Cash Flow	-175B	453B	3,633B	-2,144B	1,665B
Change In Net Working Capital	768B	53.88B	-2,090B	2,687B	-1,551B
Net Debt Issued / Repaid	2,172B	-292B	1,235B	959B	-1,354B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.5	6.65	8.72	2.81	0.94
Return on Total Capital	13.69	14.43	15.36	4.55	1.52
Return On Equity %	22.18	25.52	27.9	13.34	7.25
Return on Common Equity	21.45	24.67	29.3	14.44	7.69
Margin Analysis
Gross Profit Margin %	38.76	46.58	76.33	84.89	88.05
SG&A Margin	6.38	6.34	6.6	19.99	34.64
EBITDA Margin %	32.53	40.41	69.98	65.59	54.83
EBITA Margin %	32.38	40.24	69.73	64.9	53.41
EBIT Margin %	32.38	40.24	69.73	64.9	53.41
Income From Continuing Operations Margin %	25.71	31.2	51.39	77.14	110.52
Net Income Margin %	25.71	31.2	51.52	75.59	110.78
Net Avail. For Common Margin %	24.42	29.64	49.2	72.94	110.04
Normalized Net Income Margin	20.35	24.61	40.59	16.04	-3.9
Levered Free Cash Flow Margin	-5.16	11.23	97.7	-162.77	236.75
Unlevered Free Cash Flow Margin	-5.16	11.57	100.34	-142.5	269.6
Asset Turnover
Asset Turnover	0.27	0.26	0.2	0.07	0.03
Fixed Assets Turnover	3.99	4.21	3.58	1.38	0.55
Receivables Turnover (Average Receivables)	4.08	8.14	8.7	1.1	0.28
Inventory Turnover (Average Inventory)	0.3	0.24	0.08	0.02	0.01
Short Term Liquidity
Current Ratio	3.37	2.49	1.76	1.65	1.84
Quick Ratio	0.52	0.12	0.35	0.45	0.41
Operating Cash Flow to Current Liabilities	-0.33	1	0.09	-0.34	0.05
Days Sales Outstanding (Average Receivables)	89.4	44.98	41.97	332.26	1.29K
Days Outstanding Inventory (Average Inventory)	1.21K	1.52K	4.58K	19.57K	60.28K
Average Days Payable Outstanding	24.87	29.34	21.4	509.36	1.39K
Cash Conversion Cycle (Average Days)	1.28K	1.53K	4.61K	19.39K	60.19K
Long Term Solvency
Total Debt/Equity	49.71	36.56	51.68	56.39	32.63
Total Debt / Total Capital	33.21	26.77	34.07	36.06	24.6
LT Debt/Equity	22.21	9.34	41.77	27.58	24.13
Long-Term Debt / Total Capital	14.83	6.84	27.54	17.63	18.19
Total Liabilities / Total Assets	68.71	66.74	60.37	59.46	54.53
EBIT / Interest Expense	10.84K	60.92	15.46	1.82	0.87
EBITDA / Interest Expense	10.89K	61.18	15.52	1.84	0.9
(EBITDA - Capex) / Interest Expense	9.89K	42.42	15.24	1.69	0.62
Total Debt / EBITDA	1.96	1.2	1.66	5.29	9.23
Net Debt / EBITDA	1.38	1.16	1.46	5.02	7.7
Total Debt / (EBITDA - Capex)	2.16	1.73	1.69	5.76	13.38
Net Debt / (EBITDA - Capex)	1.52	1.67	1.48	5.47	11.15
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	58.32	15.03	-7.44	-58.44	-58.96
Gross Profit, 1 Yr. Growth %	93.5	38.23	51.68	-53.78	-57.43
EBITDA, 1 Yr. Growth %	96.23	42.77	60.23	-61.06	-65.82
EBITA, 1 Yr. Growth %	96.68	42.95	60.41	-61.32	-66.23
EBIT, 1 Yr. Growth %	96.68	42.95	60.41	-61.32	-66.23
Earnings From Cont. Operations, 1 Yr. Growth %	35.88	39.59	52.48	-37.62	-41.2
Net Income, 1 Yr. Growth %	35.88	39.6	52.83	-39.02	-39.85
Normalized Net Income, 1 Yr. Growth %	45.7	39.36	52.65	-83.58	-109.97
Diluted EPS Before Extra, 1 Yr. Growth %	32.39	36.67	49.59	-40.02	-40.48
Accounts Receivable, 1 Yr. Growth %	-9.33	-78.64	292.08	212.92	10.87