Financials Dong Nai Port

Equities

PDN

VN000000PDN9

Marine Port Services

End-of-day quote Ho Chi Minh S.E. 03:30:00 08/05/2024 am IST 5-day change 1st Jan Change
1,19,000 VND 0.00% Intraday chart for Dong Nai Port 0.00% +26.60%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,52,011 12,78,015 14,26,190 17,24,394 25,89,369 34,82,127
Enterprise Value (EV) 1 9,36,458 12,61,462 13,77,582 16,56,085 24,22,815 31,45,156
P/E ratio 8.75 x 10.7 x 10.2 x 12.2 x 12.3 x 12.8 x
Yield 6.88% 4.35% 4.55% 4.3% 3.58% -
Capitalization / Revenue 1.28 x 1.72 x 1.8 x 1.93 x 2.43 x 2.98 x
EV / Revenue 1.4 x 1.7 x 1.74 x 1.86 x 2.27 x 2.69 x
EV / EBITDA 4.96 x 5.83 x 5.83 x 6.43 x 6.98 x 7.69 x
EV / FCF 23.8 x 12.8 x 17 x 29.3 x 14.7 x 15 x
FCF Yield 4.2% 7.83% 5.87% 3.41% 6.81% 6.67%
Price to Book 1.82 x 2.28 x 2.2 x 2.38 x 3.13 x 3.48 x
Nbr of stocks (in thousands) 37,044 37,044 37,044 37,044 37,044 37,044
Reference price 2 23,000 34,500 38,500 46,550 69,900 94,000
Announcement Date 25/03/19 23/03/20 16/03/21 14/03/22 16/03/23 07/03/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,66,518 7,41,538 7,93,588 8,92,513 10,67,545 11,67,237
EBITDA 1 1,88,696 2,16,548 2,36,318 2,57,424 3,47,177 4,09,259
EBIT 1 1,40,276 1,64,453 1,83,112 2,01,634 2,90,182 3,54,258
Operating Margin 21.05% 22.18% 23.07% 22.59% 27.18% 30.35%
Earnings before Tax (EBT) 1 1,23,378 1,51,694 1,76,989 2,00,587 2,92,227 3,68,302
Net income 1 1,11,089 1,36,575 1,59,462 1,60,781 2,34,193 2,94,575
Net margin 16.67% 18.42% 20.09% 18.01% 21.94% 25.24%
EPS 2 2,628 3,228 3,770 3,802 5,669 7,337
Free Cash Flow 1 39,341 98,820 80,869 56,434 1,64,883 2,09,661
FCF margin 5.9% 13.33% 10.19% 6.32% 15.45% 17.96%
FCF Conversion (EBITDA) 20.85% 45.63% 34.22% 21.92% 47.49% 51.23%
FCF Conversion (Net income) 35.41% 72.36% 50.71% 35.1% 70.4% 71.17%
Dividend per Share 2 1,584 1,500 1,750 2,000 2,500 -
Announcement Date 25/03/19 23/03/20 16/03/21 14/03/22 16/03/23 07/03/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 84,446 - - - - -
Net Cash position 1 - 16,553 48,609 68,309 1,66,554 3,36,971
Leverage (Debt/EBITDA) 0.4475 x - - - - -
Free Cash Flow 1 39,341 98,820 80,869 56,434 1,64,883 2,09,661
ROE (net income / shareholders' equity) 25.1% 26.5% 26.3% 23.4% 30.2% 32.2%
ROA (Net income/ Total Assets) 10.4% 11.5% 11.7% 11.7% 15.2% 17%
Assets 1 10,71,535 11,83,677 13,59,194 13,76,564 15,36,710 17,27,959
Book Value Per Share 2 12,666 15,164 17,510 19,567 22,350 27,007
Cash Flow per Share 2 4,011 5,799 4,658 4,713 6,227 4,934
Capex 1 70,483 73,418 66,910 1,51,260 67,844 19,198
Capex / Sales 10.57% 9.9% 8.43% 16.95% 6.36% 1.64%
Announcement Date 25/03/19 23/03/20 16/03/21 14/03/22 16/03/23 07/03/24
1VND in Million2VND
Estimates
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