Declared Dividend • May 07
Fourth quarter dividend of ₫1,000 announced Shareholders will receive a dividend of ₫1,000. Ex-date: 15th May 2026 Payment date: 4th June 2026 Dividend yield will be 14%, which is higher than the industry average of 5.2%. Sustainability & Growth Dividend is not covered by earnings (134% earnings payout ratio). However, it is covered by cash flows (89% cash payout ratio). The dividend has increased by an average of 43% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 49% to bring the payout ratio under control. However, EPS has declined by 8.2% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: ₫3,319 (vs ₫3,703 in FY 2024) Full year 2025 results: EPS: ₫3,319 (down from ₫3,703 in FY 2024). Revenue: ₫651.8b (down 20% from FY 2024). Net income: ₫76.5b (down 10% from FY 2024). Profit margin: 12% (up from 10% in FY 2024). The increase in margin was driven by lower expenses. Ankündigung • Mar 05
A Dong Paint Joint Stock Company, Annual General Meeting, Apr 25, 2026 A Dong Paint Joint Stock Company, Annual General Meeting, Apr 25, 2026. Location: dong paint stock company factory, hai son industrial park, binh tien 2 hamlet, duc hoa commune, tay ninh province, Vietnam Upcoming Dividend • Dec 23
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 30 December 2025. Payment date: 15 January 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 15%. Within top quartile of Vietnamese dividend payers (7.6%). Higher than average of industry peers (2.7%). Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: ₫555 (vs ₫706 in 3Q 2024) Third quarter 2025 results: EPS: ₫555 (down from ₫706 in 3Q 2024). Revenue: ₫140.1b (down 27% from 3Q 2024). Net income: ₫12.8b (down 21% from 3Q 2024). Profit margin: 9.1% (up from 8.5% in 3Q 2024). The increase in margin was driven by lower expenses. Upcoming Dividend • Sep 30
Upcoming dividend of ₫700 per share Eligible shareholders must have bought the stock before 07 October 2025. Payment date: 24 October 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 13%. Within top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (3.5%). Reported Earnings • Jul 23
Second quarter 2025 earnings released: EPS: ₫981 (vs ₫978 in 2Q 2024) Second quarter 2025 results: EPS: ₫981 (up from ₫978 in 2Q 2024). Revenue: ₫175.7b (up 5.6% from 2Q 2024). Net income: ₫22.6b (flat on 2Q 2024). Profit margin: 13% (in line with 2Q 2024). Declared Dividend • Jun 27
Fourth quarter dividend of ₫700 announced Shareholders will receive a dividend of ₫700. Ex-date: 9th July 2025 Payment date: 6th August 2025 Dividend yield will be 11%, which is higher than the industry average of 5.2%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 35% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 6.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 09
Now 20% undervalued Over the last 90 days, the stock has risen 3.8% to ₫29,900. The fair value is estimated to be ₫37,451, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 29%. Declared Dividend • May 07
Fourth quarter dividend of ₫1,300 announced Shareholders will receive a dividend of ₫1,300. Ex-date: 16th May 2025 Payment date: 5th June 2025 Dividend yield will be 11%, which is higher than the industry average of 5.2%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 35% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 6.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Apr 15
Now 20% undervalued Over the last 90 days, the stock has risen 1.9% to ₫29,600. The fair value is estimated to be ₫37,115, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 29%. Ankündigung • Feb 28
A Dong Paint Joint Stock Company, Annual General Meeting, Apr 26, 2025 A Dong Paint Joint Stock Company, Annual General Meeting, Apr 26, 2025. Location: a dong paint stock company factory, hai son industrial park, binh tien 2 hamlet, duc hoa ha commune, duc hoa district, long an province, Vietnam Upcoming Dividend • Nov 27
Upcoming dividend of ₫700 per share Eligible shareholders must have bought the stock before 04 December 2024. Payment date: 24 December 2024. Trailing yield: 6.5%. Lower than top quartile of Vietnamese dividend payers (8.2%). Higher than average of industry peers (3.9%). Upcoming Dividend • Sep 09
Upcoming dividend of ₫700 per share Eligible shareholders must have bought the stock before 16 September 2024. Payment date: 03 October 2024. Trailing yield: 6.1%. Lower than top quartile of Vietnamese dividend payers (8.3%). Higher than average of industry peers (4.3%). Ankündigung • Aug 30
A Dong Paint Joint Stock Company Approves to Pay for the Second Phase of 2024 Cash Dividend, Payable on October 30, 2024 On August 29, 2024, the Board of Directors of A Dong Paint Joint Stock Company approved to pay for the second phase of 2024 cash dividend: Record date: September 17, 2024. Exercise ratio: 7% per share (VND 700 per share). Payment date: October 30, 2024. New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (₫783.4b market cap, or US$31.3m). Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫32,100, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 17x in the Chemicals industry in Vietnam. Ankündigung • Jun 27
A Dong Paint Joint Stock Company Approves to Pay for the First Phase 2024 Dividend, Payable on July 18, 2024 The Board of Directors of A Dong Paint Joint Stock Company approved to pay for the first phase 2024 dividend in cash: Dividend pay-out ratio: 8%/par value (VND 800/share). Dividend payable on July 18, 2024 and record date of July 02, 2024. Upcoming Dividend • May 10
Upcoming dividend of ₫950 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 06 June 2024. Trailing yield: 4.5%. Lower than top quartile of Vietnamese dividend payers (8.7%). In line with average of industry peers (4.4%). New Risk • Apr 20
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (₫576.0b market cap, or US$22.5m). Upcoming Dividend • Mar 12
Upcoming dividend of ₫1,100 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 04 April 2024. Trailing yield: 5.0%. Lower than top quartile of Vietnamese dividend payers (8.6%). Higher than average of industry peers (4.4%). Ankündigung • Mar 08
A Dong Paint Joint Stock Company Announces 3Rd Phase of Cash Dividend of 2023, Payable on April 04, 2024 On March 04, 2024, HOSE announces the record date for the 2024 annual shareholders' meeting (AGM) and the dividend payment of A Dong Paint Joint Stock Company. The payment for the 3rd phase of the 2023 cash dividend. Dividend pay-out ratio is 11%/par value (VND1,100/share)Payment date is April 04, 2024. Ex-right date is March 19, 2024. Record date is March 20, 2024. Ankündigung • Feb 28
A Dong Paint Joint Stock Company, Annual General Meeting, Apr 27, 2024 A Dong Paint Joint Stock Company, Annual General Meeting, Apr 27, 2024. Location: A Dong Paint Joint Stock Company, Hai Son industrial park Binh Tien village, Duc Hoa Ha commune, Duc Hoa district Long An Province Vietnam Ankündigung • Jan 24
A Dong Paint Joint Stock Company Announces the Resignation of Duong Thi Thuy Huong as CEO, Effective January 31, 2024 A Dong Paint Joint Stock Company announced the resignation of Mrs. Duong Thi Thuy Huong as CEO. Effective date: January 31, 2024. Board Change • Nov 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). Head of Marketing & Sales Department and Director Tran Tri was the last director to join the board, commencing their role in 2001. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Nov 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₫426.2b market cap, or US$17.4m). Board Change • Jul 31
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). Head of Marketing & Sales Department and Director Tran Tri was the last director to join the board, commencing their role in 2001. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 