Financials Viet Dragon Securities Corporation

Equities

VDS

VN000000VDS6

Investment Banking & Brokerage Services

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
18,350 VND -1.87% Intraday chart for Viet Dragon Securities Corporation +1.10% +7.31%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 745,744 1,071,069 3,704,939 1,539,300 3,591,000
Enterprise Value (EV) 1 1,151,252 1,268,031 4,845,461 1,931,202 4,416,783
P/E ratio 21.5 x 7.14 x 8.7 x -11.9 x 11 x
Yield 4.03% 2.8% - - -
Capitalization / Revenue 3.42 x 2.98 x 4.34 x 2.61 x 6.33 x
EV / Revenue 5.28 x 3.53 x 5.67 x 3.27 x 7.79 x
EV / EBITDA - - - - -
EV / FCF - - - - -
FCF Yield - - - - -
Price to Book 0.71 x 0.92 x 2.29 x 0.75 x 1.51 x
Nbr of stocks (in thousands) 152,402 152,402 152,402 210,000 210,000
Reference price 2 4,893 7,028 24,310 7,330 17,100
Announcement Date 4/29/21 4/29/21 3/3/23 3/3/23 4/19/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023
Net sales 1 218,237 359,228 854,385 589,814 567,320
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) 1 42,503 192,662 534,052 -152,928 413,064
Net income 1 34,645 150,102 425,665 -108,552 327,563
Net margin 15.88% 41.78% 49.82% -18.4% 57.74%
EPS 2 227.3 984.9 2,793 -615.0 1,560
Free Cash Flow - - - - -
FCF margin - - - - -
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 197.0 197.0 - - -
Announcement Date 4/29/21 4/29/21 3/3/23 3/3/23 4/19/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023
Net Debt 1 405,508 196,962 1,140,522 391,902 825,783
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow - - - - -
ROE (net income / shareholders' equity) - 13.6% 30.4% -6.17% 14.7%
ROA (Net income/ Total Assets) - 6.17% 12.9% -2.77% 6.9%
Assets 1 - 2,433,960 3,292,454 3,911,915 4,748,391
Book Value Per Share 2 6,860 7,648 10,638 9,804 11,325
Cash Flow per Share 2 1,970 3,821 3,107 2,627 4,144
Capex 1 5,785 6,614 24,628 38,237 17,224
Capex / Sales 2.65% 1.84% 2.88% 6.48% 3.04%
Announcement Date 4/29/21 4/29/21 3/3/23 3/3/23 4/19/24
1VND in Million2VND
Estimates
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