Cash flow Damsan

Stocks

VN000000ADS0

Textiles & Leather Goods

End-of-day quote Ho Chi Minh S.E. 17/09/2026			5-day change	1st Jan Change
7,950.00 ^VND	+0.38%		-1.73%	+0.38%

27/08	Damsan Joint Stock Company Announced Execution of A Business Cooperation Agreement with ADE Energy Joint Stock Company	CI
30/07	Damsan Joint Stock Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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Published financial data: DAMSAN

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2022 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Revenues	1,69300Cr	1,64200Cr	1,62900Cr	1,87000Cr
Total Revenues	1,69300Cr	1,64200Cr	1,62900Cr	1,87000Cr
Cost of Goods Sold, Total	1,55500Cr	1,45600Cr	1,49500Cr	1,61800Cr
Gross Profit	14TCr	19TCr	13TCr	25TCr
Selling General & Admin Expenses, Total	4.72TCr	4.98TCr	4.77TCr	5.54TCr
Other Operating Expenses, Total	4.72TCr	4.98TCr	4.77TCr	5.54TCr
Operating Income	9.03TCr	14TCr	8.59TCr	20TCr
Interest Expense, Total	-4.44TCr	-5.96TCr	-4.23TCr	-5.58TCr
Interest And Investment Income	1.72TCr	2.69TCr	1.92TCr	1.28TCr
Net Interest Expenses	-2.71TCr	-3.27TCr	-2.31TCr	-4.3TCr
Income (Loss) On Equity Invest.	111.33Cr	-743.43Cr	-869.03Cr	84Cr
Currency Exchange Gains (Loss)	-2.29TCr	-1.02TCr	-31Cr	84Cr
Other Non Operating Income (Expenses)	540.65Cr	34Cr	-55Cr	-1.44TCr
EBT, Excl. Unusual Items	4.68TCr	8.62TCr	5.32TCr	14TCr
Gain (Loss) On Sale Of Assets	3.94TCr	28Cr	1.03TCr	-7.39Cr
EBT, Incl. Unusual Items	8.62TCr	8.65TCr	6.35TCr	14TCr
Income Tax Expense	1.13TCr	1.15TCr	839.81Cr	3.47TCr
Earnings From Continuing Operations	7.49TCr	7.5TCr	5.51TCr	11TCr
Net Income to Company	7.49TCr	7.5TCr	5.51TCr	11TCr
Minority Interest	-754.26Cr	-1.66TCr	-506.45Cr	-957.78Cr
Net Income - (IS)	6.74TCr	5.84TCr	5.01TCr	9.67TCr
Net Income to Common Incl Extra Items	6.74TCr	5.84TCr	5.01TCr	9.67TCr
Net Income to Common Excl. Extra Items	6.74TCr	5.84TCr	5.01TCr	9.67TCr
Per Share Items
Net EPS - Basic	1.48T	1.12T	667.17	1.27T
Basic EPS - Continuing Operations	1.48T	1.12T	667.17	1.27T
Basic Weighted Average Shares Outstanding	4.55Cr	5.21Cr	7.5Cr	7.64Cr
Net EPS - Diluted	1.18T	870	667	1.27T
Diluted EPS - Continuing Operations	1.18T	870	667	1.27T
Diluted Weighted Average Shares Outstanding	5.7Cr	6.71Cr	7.5Cr	7.64Cr
Normalized Basic EPS	477.27	715.31	375.77	1.03T
Normalized Diluted EPS	380.93	555.51	375.77	1.03T
Dividend Per Share	-	-	-	1T
Payout Ratio	15.58	12.28	178.87	45.44
Supplemental Items
EBITDA	20TCr	21TCr	16TCr	27TCr
EBITA	9.03TCr	14TCr	8.6TCr	20TCr
EBIT	9.03TCr	14TCr	8.59TCr	20TCr
EBITDAR	-	-	17TCr	27TCr
Total Revenues (As Reported)	1,69300Cr	1,64200Cr	1,62900Cr	1,87000Cr
Effective Tax Rate - (Ratio)	13.09	13.27	13.22	24.61
Total Current Taxes	1.13TCr	1.13TCr	654.64Cr	3.47TCr
Total Deferred Taxes	3.55Cr	21Cr	185.17Cr	-1.96Cr
Normalized Net Income	2.17TCr	3.73TCr	2.82TCr	7.86TCr
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.72TCr	1.33TCr	1.15TCr	1.29TCr
General and Administrative Expenses	3TCr	3.65TCr	3.62TCr	4.24TCr
Net Rental Expense, Total	-	-	9.63Cr	9.63Cr
Imputed Operating Lease Interest Expense	-	-	3.4Cr	4.36Cr
Imputed Operating Lease Depreciation	-	-	6.23Cr	5.26Cr

Fiscal Period: December	2022 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Assets
Cash And Equivalents	5.47TCr	15TCr	27TCr	15TCr
Short Term Investments	28TCr	32TCr	31TCr	1.62TCr
Trading Asset Securities, Total	5TCr	6.5TCr	7TCr	5TCr
Total Cash And Short Term Investments	38TCr	53TCr	65TCr	22TCr
Accounts Receivable, Total	17TCr	20TCr	26TCr	26TCr
Other Receivables	20TCr	26TCr	16TCr	26TCr
Notes Receivable	20TCr	12TCr	9.29TCr	4.62TCr
Total Receivables	57TCr	58TCr	52TCr	57TCr
Inventory	45TCr	52TCr	54TCr	40TCr
Prepaid Expenses	56Cr	66Cr	51Cr	67Cr
Other Current Assets, Total	27TCr	32TCr	28TCr	60TCr
Total Current Assets	1,67000Cr	1,94500Cr	1,98700Cr	1,78700Cr
Gross Property Plant And Equipment	44TCr	49TCr	48TCr	47TCr
Accumulated Depreciation	-26TCr	-29TCr	-29TCr	-33TCr
Net Property Plant And Equipment	18TCr	21TCr	19TCr	15TCr
Long-term Investments	30TCr	30TCr	35TCr	37TCr
Other Intangibles, Total	82Cr	72Cr	63Cr	53Cr
Deferred Tax Assets Long-Term	1.6TCr	2.78TCr	4.31TCr	20Cr
Other Long-Term Assets, Total	967.15Cr	2.94TCr	3.11TCr	17TCr
Total Assets	2,18200Cr	2,50400Cr	2,60400Cr	2,47000Cr
Liabilities
Accounts Payable, Total	9.97TCr	5.69TCr	8.51TCr	3.56TCr
Accrued Expenses, Total	6.29TCr	10TCr	8.02TCr	7.09TCr
Short-term Borrowings	69TCr	81TCr	97TCr	87TCr
Current Portion of Long-Term Debt	1.69TCr	759.38Cr	611.56Cr	663.11Cr
Current Income Taxes Payable	2.71TCr	3.46TCr	4.3TCr	3.32TCr
Unearned Revenue Current, Total	-	318.64Cr	327.38Cr	361.47Cr
Other Current Liabilities	46TCr	46TCr	42TCr	31TCr
Total Current Liabilities	1,36500Cr	1,47300Cr	1,61300Cr	1,32900Cr
Long-Term Debt	16TCr	10TCr	1.36TCr	9.81TCr
Unearned Revenue Non Current	-	325.86Cr	292.15Cr	258.44Cr
Other Non Current Liabilities	191.53Cr	898.29Cr	1.68TCr	2.17TCr
Total Liabilities	1,52500Cr	1,58600Cr	1,64700Cr	1,45200Cr
Common Stock, Total	44TCr	58TCr	76TCr	76TCr
Additional Paid In Capital	6.01TCr	6.26TCr	6.36TCr	6.36TCr
Retained Earnings	11TCr	8.84TCr	7.64TCr	13TCr
Comprehensive Income and Other	771.81Cr	337.1Cr	229.4Cr	229.4Cr
Total Common Equity	62TCr	74TCr	91TCr	96TCr
Minority Interest	4.15TCr	18TCr	5.11TCr	5.4TCr
Total Equity	66TCr	92TCr	96TCr	1,01900Cr
Total Liabilities And Equity	2,18200Cr	2,50400Cr	2,60400Cr	2,47000Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.55Cr	5.84Cr	7.64Cr	7.64Cr
ECS Total Common Shares Outstanding	4.55Cr	5.84Cr	7.64Cr	7.64Cr
Book Value / Share	13.54T	12.64T	11.86T	12.63T
Tangible Book Value	61TCr	74TCr	91TCr	96TCr
Tangible Book Value Per Share	13.52T	12.63T	11.85T	12.62T
Total Debt	87TCr	92TCr	99TCr	98TCr
Net Debt	49TCr	39TCr	35TCr	76TCr
Debt Equivalent Oper. Leases	-	-	77Cr	77Cr
Minority Interest, Total (Incl. Fin. Div)	4.15TCr	18TCr	5.11TCr	5.4TCr
Equity Method Investments, Total	30TCr	30TCr	35TCr	35TCr
Account Code - Inventory Valuation	-	6	6	6
Inventories - Raw Materials, Total	1.39TCr	1.76TCr	3.45TCr	1.93TCr
Inventories - Work In Process, Total	36TCr	44TCr	38TCr	30TCr
Inventories - Finished Goods, Total	6.17TCr	5.4TCr	12TCr	6.62TCr
Inventories - Others	1.07TCr	909.39Cr	862.78Cr	955.71Cr
Buildings, Total	12TCr	13TCr	13TCr	15TCr
Machinery, Total	32TCr	32TCr	28TCr	28TCr
Full Time Employees	-	-	-	417
Assets under Capital Lease - Gross	-	-	2.51TCr	2.51TCr
Assets under Capital Lease - Accumulated Depreciation	-	-	-203.5Cr	-412.63Cr
Accumulated Allowance for Doubtful Accounts (Supple)	881.04Cr	1.26TCr	1.26TCr	1.75TCr

Fiscal Period: December	2022 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Net Income	6.74TCr	5.84TCr	5.01TCr	9.67TCr
Depreciation & Amortization - CF	10TCr	7.42TCr	7.9TCr	-228.97Cr
Amortization of Goodwill and Intangible Assets - (CF)	-	9.63Cr	9.63Cr	9.63Cr
Depreciation & Amortization, Total	10TCr	7.43TCr	7.91TCr	-219.35Cr
(Gain) Loss From Sale Of Asset	-5.68TCr	-2.72TCr	-2.95TCr	-1.23TCr
Other Operating Activities, Total	2.08TCr	1.74TCr	-72Cr	5.14TCr
Change in Trading Asset Securities	-	-1.5TCr	-500Cr	2TCr
Change In Accounts Receivable	-7.87TCr	-9.79TCr	12TCr	-12TCr
Change In Inventories	15TCr	-6.9TCr	-1.71TCr	18TCr
Change In Accounts Payable	-4.09TCr	-4.08TCr	-3.75TCr	-24TCr
Change in Other Net Operating Assets	-2.51TCr	180.49Cr	-240.44Cr	-163.85Cr
Cash from Operations	14TCr	-9.8TCr	16TCr	-2.9TCr
Capital Expenditure	-9.73TCr	-8.83TCr	-7.58TCr	-2.2TCr
Sale of Property, Plant, and Equipment	4.75TCr	326.24Cr	2.1TCr	31Cr
Investment in Marketable and Equity Securities, Total	-16TCr	-	-18TCr	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-15TCr	4.52TCr	9.94Cr	-2.19TCr
Other Investing Activities, Total	1.74TCr	2.2TCr	3.18TCr	1.25TCr
Cash from Investing	-34TCr	-1.79TCr	-20TCr	-3.1TCr
Long-Term Debt Issued, Total	1,76100Cr	2,04800Cr	2,18800Cr	1,97200Cr
Total Debt Issued	1,76100Cr	2,04800Cr	2,18800Cr	1,97200Cr
Long-Term Debt Repaid, Total	-1,61800Cr	-1,95200Cr	-2,08600Cr	-1,99000Cr
Total Debt Repaid	-1,61800Cr	-1,95200Cr	-2,08600Cr	-1,99000Cr
Issuance of Common Stock	-	-	15TCr	-
Common Dividends Paid	-1.05TCr	-717.5Cr	-8.95TCr	-4.39TCr
Common & Preferred Stock Dividends Paid	-1.05TCr	-717.5Cr	-8.95TCr	-4.39TCr
Other Financing Activities, Total	-	12TCr	-	-
Cash from Financing	13TCr	21TCr	16TCr	-6.2TCr
Foreign Exchange Rate Adjustments	-16Cr	-4L	32Cr	-34Cr
Net Change in Cash	-7.22TCr	9.74TCr	12TCr	-12TCr
Supplemental Items
Cash Interest Paid	4.11TCr	6.05TCr	4.34TCr	5.56TCr
Cash Income Tax Paid (Refund)	303.58Cr	1.58TCr	1.53TCr	159.51Cr
Levered Free Cash Flow	-	-9.22TCr	8.75TCr	-4.67TCr
Unlevered Free Cash Flow	-	-5.49TCr	11TCr	-1.19TCr
Change In Net Working Capital	-	13TCr	-5.69TCr	11TCr
Net Debt Issued / Repaid	14TCr	9.54TCr	10TCr	-1.8TCr

Fiscal Period: December	2022 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Profitability
Return on Assets	-	3.63	2.1	4.85
Return on Total Capital	-	5.06	2.83	6.23
Return On Equity %	-	9.52	5.88	10.76
Return on Common Equity	-	8.63	6.09	10.34
Margin Analysis
Gross Profit Margin %	8.12	11.33	8.2	13.49
SG&A Margin	2.79	3.03	2.93	2.96
EBITDA Margin %	11.52	12.82	10.13	14.6
EBITA Margin %	5.33	8.3	5.28	10.53
EBIT Margin %	5.33	8.3	5.27	10.53
Income From Continuing Operations Margin %	4.43	4.57	3.38	5.68
Net Income Margin %	3.98	3.56	3.07	5.17
Net Avail. For Common Margin %	3.98	3.56	3.07	5.17
Normalized Net Income Margin	1.28	2.27	1.73	4.2
Levered Free Cash Flow Margin	-	-5.61	5.37	-2.5
Unlevered Free Cash Flow Margin	-	-3.35	6.99	-0.63
Asset Turnover
Asset Turnover	-	0.7	0.64	0.74
Fixed Assets Turnover	-	8.49	8.2	11.07
Receivables Turnover (Average Receivables)	-	9	7.04	7.08
Inventory Turnover (Average Inventory)	-	3.01	2.84	3.47
Short Term Liquidity
Current Ratio	1.22	1.32	1.23	1.34
Quick Ratio	0.55	0.67	0.67	0.56
Operating Cash Flow to Current Liabilities	0.1	-0.07	0.1	-0.02
Days Sales Outstanding (Average Receivables)	-	40.56	51.95	51.54
Days Outstanding Inventory (Average Inventory)	-	121.17	128.93	105.17
Average Days Payable Outstanding	-	18.73	17.18	14.89
Cash Conversion Cycle (Average Days)	-	143	163.71	141.82
Long Term Solvency
Total Debt/Equity	132.3	100.46	103.81	95.83
Total Debt / Total Capital	56.95	50.11	50.94	48.94
LT Debt/Equity	24.04	10.93	1.42	9.63
Long-Term Debt / Total Capital	10.35	5.45	0.69	4.92
Total Liabilities / Total Assets	69.88	63.33	63.23	58.76
EBIT / Interest Expense	2.04	2.29	2.03	3.53
EBITDA / Interest Expense	4.4	3.53	3.9	4.89
(EBITDA - Capex) / Interest Expense	2.2	2.05	2.11	4.5
Total Debt / EBITDA	4.46	4.38	6.02	3.58
Net Debt / EBITDA	2.5	1.85	2.09	2.79
Total Debt / (EBITDA - Capex)	8.9	7.55	11.14	3.89
Net Debt / (EBITDA - Capex)	5	3.19	3.87	3.03
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-3	-0.78	14.79
Gross Profit, 1 Yr. Growth %	-	35.28	-28.18	88.76
EBITDA, 1 Yr. Growth %	-	7.94	-21.63	65.46
EBITA, 1 Yr. Growth %	-	50.99	-36.89	129.3
EBIT, 1 Yr. Growth %	-	50.88	-36.96	129.19
Earnings From Cont. Operations, 1 Yr. Growth %	-	0.06	-26.49	92.83
Net Income, 1 Yr. Growth %	-	-13.31	-14.32	93.2
Normalized Net Income, 1 Yr. Growth %	-	71.87	-24.41	178.74
Diluted EPS Before Extra, 1 Yr. Growth %	-	-26.49	-23.33	89.8
Accounts Receivable, 1 Yr. Growth %	-	18.73	33.48	-0.24
Inventory, 1 Yr. Growth %	-	15.57	3.31	-25.86
Net Property, Plant and Equip., 1 Yr. Growth %	-	12.99	-6.52	-23.9
Total Assets, 1 Yr. Growth %	-	14.76	4	-5.13
Tangible Book Value, 1 Yr. Growth %	-	19.99	22.76	6.47
Common Equity, 1 Yr. Growth %	-	19.94	22.73	6.46
Cash From Operations, 1 Yr. Growth %	-	-170.08	-264	-118.05
Capital Expenditures, 1 Yr. Growth %	-	-9.25	-14.2	-71.01
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-194.92	-78.4
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-307.4	-93.76
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-1.9	6.72
Gross Profit, 2 Yr. CAGR %	-	-	-1.43	16.43
EBITDA, 2 Yr. CAGR %	-	-	-8.03	13.87
EBITA, 2 Yr. CAGR %	-	-	-2.42	20.23
EBIT, 2 Yr. CAGR %	-	-	-2.47	20.2
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-14.24	19.06
Net Income, 2 Yr. CAGR %	-	-	-13.82	28.66
Normalized Net Income, 2 Yr. CAGR %	-	-	13.99	45.16
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-24.93	20.63
Accounts Receivable, 2 Yr. CAGR %	-	-	25.89	15.4
Inventory, 2 Yr. CAGR %	-	-	9.27	-12.48
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	2.77	-15.65
Total Assets, 2 Yr. CAGR %	-	-	9.25	-0.67
Tangible Book Value, 2 Yr. CAGR %	-	-	21.37	14.33
Common Equity, 2 Yr. CAGR %	-	-	21.33	14.3
Cash From Operations, 2 Yr. CAGR %	-	-	7.2	-45.6
Capital Expenditures, 2 Yr. CAGR %	-	-	-11.76	-50.13
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-28.79
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-53.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	3.38
Gross Profit, 3 Yr. CAGR %	-	-	-	22.4
EBITDA, 3 Yr. CAGR %	-	-	-	11.86
EBITA, 3 Yr. CAGR %	-	-	-	29.68
EBIT, 3 Yr. CAGR %	-	-	-	29.66
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	12.36
Net Income, 3 Yr. CAGR %	-	-	-	12.79
Normalized Net Income, 3 Yr. CAGR %	-	-	-	53.57
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	2.27
Accounts Receivable, 3 Yr. CAGR %	-	-	-	16.5
Inventory, 3 Yr. CAGR %	-	-	-	-3.98
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-7.02
Total Assets, 3 Yr. CAGR %	-	-	-	4.23
Tangible Book Value, 3 Yr. CAGR %	-	-	-	16.18
Common Equity, 3 Yr. CAGR %	-	-	-	16.15
Cash From Operations, 3 Yr. CAGR %	-	-	-	-40.81
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-39.11