Financials Petrovietnam Camau Fertilizer

Equities

DCM

VN000000DCM9

Agricultural Chemicals

End-of-day quote Ho Chi Minh S.E. 03:30:00 27/06/2024 am IST 5-day change 1st Jan Change
37,400 VND +1.63% Intraday chart for Petrovietnam Camau Fertilizer -4.83% +15.43%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 34,41,100 74,11,600 1,94,28,980 1,40,29,100 1,71,52,560 1,97,99,560 - -
Enterprise Value (EV) 1 34,41,100 74,11,600 1,94,28,980 1,40,29,100 1,71,52,560 1,97,99,560 1,97,99,560 1,97,99,560
P/E ratio 10.9 x 13.7 x 11.1 x 3.43 x 17.5 x 12.4 x 9.57 x 10.5 x
Yield - 5.71% 2.72% - - 6.68% 6.68% 8.02%
Capitalization / Revenue - 0.98 x 1.97 x 0.88 x 1.36 x 1.46 x 1.39 x 1.26 x
EV / Revenue - 0.98 x 1.97 x 0.88 x 1.36 x 1.46 x 1.39 x 1.26 x
EV / EBITDA - 3.78 x 5.91 x 2.46 x 9.69 x 12.8 x 8.25 x 8.95 x
EV / FCF - 4.92 x 8.05 x - 9.74 x -26 x 14.8 x 14.9 x
FCF Yield - 20.3% 12.4% - 10.3% -3.84% 6.76% 6.72%
Price to Book - - 2.56 x - 1.72 x 1.84 x 1.72 x -
Nbr of stocks (in thousands) 5,29,400 5,29,400 5,29,400 5,29,400 5,29,400 5,29,400 - -
Reference price 2 6,500 14,000 36,700 26,500 32,400 37,400 37,400 37,400
Announcement Date 31/01/20 29/01/21 26/01/22 31/01/23 26/01/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 75,62,681 98,69,763 1,59,24,211 1,26,01,812 1,35,43,333 1,42,89,000 1,56,59,000
EBITDA 1 - 19,62,923 32,87,617 57,07,852 17,70,467 15,48,000 24,01,000 22,12,000
EBIT 1 - 6,45,333 19,20,589 43,07,661 6,86,652 12,32,500 20,78,000 18,83,000
Operating Margin - 8.53% 19.46% 27.05% 5.45% 9.1% 14.54% 12.03%
Earnings before Tax (EBT) 1 - 7,18,635 20,56,058 45,51,427 12,51,479 18,29,667 23,80,667 23,39,000
Net income 1 4,27,112 6,63,847 19,18,015 42,75,426 11,07,088 16,34,000 21,28,000 20,54,000
Net margin - 8.78% 19.43% 26.85% 8.79% 12.06% 14.89% 13.12%
EPS 2 597.0 1,021 3,315 7,731 1,853 3,014 3,909 3,568
Free Cash Flow 1 - 15,06,265 24,13,467 - 17,61,501 -7,61,000 13,38,000 13,31,000
FCF margin - 19.92% 24.45% - 13.98% -5.62% 9.36% 8.5%
FCF Conversion (EBITDA) - 76.74% 73.41% - 99.49% - 55.73% 60.17%
FCF Conversion (Net income) - 226.9% 125.83% - 159.11% - 62.88% 64.8%
Dividend per Share 2 - 800.0 1,000 - - 2,500 2,500 3,000
Announcement Date 31/01/20 29/01/21 26/01/22 31/01/23 26/01/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3 2023 S1 2023 S2
Net sales 1 - 33,07,144 - 6,576
EBITDA - - - -
EBIT - - - -
Operating Margin - - - -
Earnings before Tax (EBT) - - - -
Net income 10,38,893 - 5,17,282 -
Net margin - - - -
EPS 1,875 - 900.0 -
Dividend per Share - - - -
Announcement Date 26/07/22 24/10/22 25/07/23 26/01/24
1VND in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 15,06,265 24,13,467 - 17,61,501 -7,61,000 13,38,000 13,31,000
ROE (net income / shareholders' equity) - 10.7% 27.6% 47.2% 10.7% 16% 19.3% 18.3%
ROA (Net income/ Total Assets) - 7.03% 19.6% 33.8% 7.52% 10.7% 13.7% 12.4%
Assets 1 - 94,49,378 97,81,929 1,26,32,759 1,47,22,502 1,52,71,028 1,55,32,847 1,65,64,516
Book Value Per Share 2 - - 14,316 - 18,824 20,293 21,779 -
Cash Flow per Share - - - - - - - -
Capex 1 - 1,71,610 1,13,283 1,32,839 5,43,225 10,36,500 4,18,000 5,00,000
Capex / Sales - 2.27% 1.15% 0.83% 4.31% 7.65% 2.93% 3.19%
Announcement Date 31/01/20 29/01/21 26/01/22 31/01/23 26/01/24 - - -
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
37,400 VND
Average target price
40,267 VND
Spread / Average Target
+7.66%
Consensus

Annual profits - Rate of surprise

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