Financials Thuduc Housing Development Corporation

Equities

TDH

VN000000TDH3

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. 03:30:00 14/05/2024 am IST 5-day change 1st Jan Change
3,710 VND -1.59% Intraday chart for Thuduc Housing Development Corporation -3.64% -20.04%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,24,513 9,35,967 11,43,426 14,98,282 3,15,428 5,22,709
Enterprise Value (EV) 1 15,67,026 19,34,494 24,14,739 13,52,732 3,32,127 5,28,581
P/E ratio 7.93 x 7.81 x -3.15 x -1.59 x 63.9 x -8.37 x
Yield 9.9% - - - - -
Capitalization / Revenue 0.34 x 0.24 x 0.58 x 3.08 x 1.83 x 4.34 x
EV / Revenue 0.65 x 0.49 x 1.23 x 2.78 x 1.92 x 4.39 x
EV / EBITDA 19.3 x 42.1 x -10.9 x 135 x 13.6 x -18.5 x
EV / FCF 21.3 x 34.1 x -7.01 x 1.26 x -3.99 x 22.4 x
FCF Yield 4.69% 2.93% -14.3% 79.1% -25.1% 4.47%
Price to Book 0.48 x 0.53 x 0.82 x 3.39 x 0.72 x 1.39 x
Nbr of stocks (in thousands) 1,12,657 1,12,655 1,12,653 1,12,653 1,12,653 1,12,653
Reference price 2 7,319 8,308 10,150 13,300 2,800 4,640
Announcement Date 22/04/19 20/04/20 10/05/21 01/04/22 30/03/23 01/04/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 24,00,065 39,29,434 19,61,050 4,87,215 1,72,747 1,20,442
EBITDA 1 81,218 45,934 -2,22,203 10,030 24,454 -28,643
EBIT 1 53,082 11,867 -2,56,736 -10,709 19,075 -33,734
Operating Margin 2.21% 0.3% -13.09% -2.2% 11.04% -28.01%
Earnings before Tax (EBT) 1 1,15,127 2,16,136 -2,81,757 -8,63,807 17,791 -61,926
Net income 1 1,15,425 1,39,303 -3,63,426 -9,42,055 4,935 -62,436
Net margin 4.81% 3.55% -18.53% -193.35% 2.86% -51.84%
EPS 2 922.5 1,063 -3,226 -8,362 43.80 -554.2
Free Cash Flow 1 73,467 56,709 -3,44,508 10,70,374 -83,289 23,609
FCF margin 3.06% 1.44% -17.57% 219.69% -48.21% 19.6%
FCF Conversion (EBITDA) 90.46% 123.46% - 10,671.9% - -
FCF Conversion (Net income) 63.65% 40.71% - - - -
Dividend per Share 2 724.6 - - - - -
Announcement Date 22/04/19 20/04/20 10/05/21 01/04/22 30/03/23 01/04/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 7,42,513 9,98,526 12,71,313 - 16,699 5,872
Net Cash position 1 - - - 1,45,549 - -
Leverage (Debt/EBITDA) 9.142 x 21.74 x -5.721 x - 0.6829 x -0.205 x
Free Cash Flow 1 73,467 56,709 -3,44,508 10,70,374 -83,289 23,609
ROE (net income / shareholders' equity) 4.31% 7.08% -12.9% -62.3% 1.53% -15.4%
ROA (Net income/ Total Assets) 0.89% 0.15% -2.94% -0.18% 0.73% -1.53%
Assets 1 1,29,34,176 9,28,68,927 1,23,41,693 52,19,13,930 6,74,875 40,74,909
Book Value Per Share 2 15,253 15,645 12,308 3,920 3,891 3,334
Cash Flow per Share 2 1,643 807.0 2,051 263.0 24.90 109.0
Capex 1 34,072 1,231 4,526 10,951 1,861 -
Capex / Sales 1.42% 0.03% 0.23% 2.25% 1.08% -
Announcement Date 22/04/19 20/04/20 10/05/21 01/04/22 30/03/23 01/04/24
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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