Reported Earnings • Jul 17
Second quarter 2026 earnings released: EPS: ₫1,136 (vs ₫981 in 2Q 2025) Second quarter 2026 results: EPS: ₫1,136 (up from ₫981 in 2Q 2025). Revenue: ₫485.7b (up 18% from 2Q 2025). Net income: ₫112.5b (up 16% from 2Q 2025). Profit margin: 23% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Jul 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₫2.62t (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₫2.62t market cap, or US$99.7m). Upcoming Dividend • Jun 12
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 19 June 2026. Payment date: 28 July 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (3.1%). Declared Dividend • May 27
Dividend reduced to ₫800 Dividend of ₫800 is 33% lower than last year. Ex-date: 19th June 2026 Payment date: 1st January 1970 Dividend yield will be 2.7%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • May 26
Danang Port Joint Stock Company announces Annual dividend Danang Port Joint Stock Company announced Annual dividend of VND 800.0000 per share, ex-date on June 19, 2026 and record date on June 22, 2026. Reported Earnings • Apr 21
First quarter 2026 earnings released: EPS: ₫1,260 (vs ₫849 in 1Q 2025) First quarter 2026 results: EPS: ₫1,260 (up from ₫849 in 1Q 2025). Revenue: ₫481.7b (up 30% from 1Q 2025). Net income: ₫124.7b (up 48% from 1Q 2025). Profit margin: 26% (up from 23% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 01
Danang Port Joint Stock Company, Annual General Meeting, Apr 20, 2026 Danang Port Joint Stock Company, Annual General Meeting, Apr 20, 2026, at 08:00 SE Asia Standard Time. Location: thuy son hall 2nd floor, novotel da nang hotel, 35 bach dang hai chau ward, da nang Vietnam Buy Or Sell Opportunity • Feb 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.1% to ₫32,500. The fair value is estimated to be ₫40,878, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 11%. Reported Earnings • Jan 16
Full year 2025 earnings released: EPS: ₫3,722 (vs ₫3,044 in FY 2024) Full year 2025 results: EPS: ₫3,722 (up from ₫3,044 in FY 2024). Revenue: ₫1.66t (up 14% from FY 2024). Net income: ₫368.5b (up 22% from FY 2024). Profit margin: 22% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Aug 03
Second quarter 2025 earnings released: EPS: ₫980 (vs ₫735 in 2Q 2024) Second quarter 2025 results: EPS: ₫980 (up from ₫735 in 2Q 2024). Revenue: ₫410.6b (up 17% from 2Q 2024). Net income: ₫97.0b (up 33% from 2Q 2024). Profit margin: 24% (up from 21% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Declared Dividend • Jun 15
Dividend reduced to ₫1,200 Dividend of ₫1,200 is 14% lower than last year. Ex-date: 26th June 2025 Payment date: 25th July 2025 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth The dividend has decreased by an average of 1.7% per year over the past 4 years, but has still been somewhat stable with no excessively large reductions to payments. Reported Earnings • Apr 19
First quarter 2025 earnings released: EPS: ₫849 (vs ₫778 in 1Q 2024) First quarter 2025 results: EPS: ₫849 (up from ₫778 in 1Q 2024). Revenue: ₫369.9b (up 4.5% from 1Q 2024). Net income: ₫84.1b (up 9.1% from 1Q 2024). Profit margin: 23% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₫28,500, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 14% over the past three years. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: ₫3,044 (vs ₫2,550 in FY 2023) Full year 2024 results: EPS: ₫3,044 (up from ₫2,550 in FY 2023). Revenue: ₫1.45t (up 18% from FY 2023). Net income: ₫301.3b (up 19% from FY 2023). Profit margin: 21% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. New Risk • Feb 10
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 5.3% 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 High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change). New Risk • Jan 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Jan 17
Full year 2024 earnings released: EPS: ₫3,044 (vs ₫2,780 in FY 2023) Full year 2024 results: EPS: ₫3,044 (up from ₫2,780 in FY 2023). Revenue: ₫1.45t (up 18% from FY 2023). Net income: ₫301.3b (up 9.5% from FY 2023). Profit margin: 21% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Buy Or Sell Opportunity • Nov 02
Now 21% overvalued Over the last 90 days, the stock has fallen 3.0% to ₫29,300. The fair value is estimated to be ₫24,221, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 8.9%. Buy Or Sell Opportunity • Oct 17
Now 23% overvalued Over the last 90 days, the stock has fallen 2.0% to ₫30,100. The fair value is estimated to be ₫24,384, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 8.9%. Buy Or Sell Opportunity • Aug 26
Now 21% overvalued Over the last 90 days, the stock has fallen 3.8% to ₫30,200. The fair value is estimated to be ₫24,946, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 8.9%. Buy Or Sell Opportunity • Aug 09
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to ₫30,700. The fair value is estimated to be ₫25,527, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 8.9%. Reported Earnings • Jul 20
Second quarter 2024 earnings released: EPS: ₫734 (vs ₫719 in 2Q 2023) Second quarter 2024 results: EPS: ₫734 (up from ₫719 in 2Q 2023). Revenue: ₫351.0b (up 14% from 2Q 2023). Net income: ₫72.6b (up 2.0% from 2Q 2023). Profit margin: 21% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Jun 06
Upcoming dividend of ₫1,400 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 09 July 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Lower than top quartile of Vietnamese dividend payers (8.6%). Higher than average of industry peers (4.1%). Reported Earnings • Apr 17
First quarter 2024 earnings released: EPS: ₫778 (vs ₫671 in 1Q 2023) First quarter 2024 results: EPS: ₫778 (up from ₫671 in 1Q 2023). Revenue: ₫354.0b (up 27% from 1Q 2023). Net income: ₫77.0b (up 16% from 1Q 2023). Profit margin: 22% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 19
Full year 2023 earnings released: EPS: ₫2,780 (vs ₫2,741 in FY 2022) Full year 2023 results: EPS: ₫2,780 (up from ₫2,741 in FY 2022). Revenue: ₫1.24t (up 3.4% from FY 2022). Net income: ₫275.2b (up 1.4% from FY 2022). Profit margin: 22% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 18
Third quarter 2023 earnings released: EPS: ₫686 (vs ₫706 in 3Q 2022) Third quarter 2023 results: EPS: ₫686 (down from ₫706 in 3Q 2022). Revenue: ₫319.8b (flat on 3Q 2022). Net income: ₫67.8b (down 3.0% from 3Q 2022). Profit margin: 21% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 25
Second quarter 2023 earnings released: EPS: ₫719 (vs ₫675 in 2Q 2022) Second quarter 2023 results: EPS: ₫719 (up from ₫675 in 2Q 2022). Revenue: ₫306.7b (up 11% from 2Q 2022). Net income: ₫71.2b (up 6.5% from 2Q 2022). Profit margin: 23% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Upcoming Dividend • Jun 07
Upcoming dividend of ₫1,500 per share at 5.4% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 5.4%. Lower than top quartile of Vietnamese dividend payers (8.4%). Higher than average of industry peers (3.4%). Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 20% share price gain to ₫30,600, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 107% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Member of Executive Board, GM & Director Tuan Tran Le is the most experienced director on the board, commencing their role in 2020. Independent Director Minh To was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: ₫666 (vs ₫593 in 3Q 2021) Third quarter 2022 results: EPS: ₫666 (up from ₫593 in 3Q 2021). Revenue: ₫307.9b (up 14% from 3Q 2021). Net income: ₫65.9b (up 13% from 3Q 2021). Profit margin: 21% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Jul 20
Second quarter 2022 earnings released: EPS: ₫675 (vs ₫630 in 2Q 2021) Second quarter 2022 results: EPS: ₫675 (up from ₫630 in 2Q 2021). Revenue: ₫276.6b (down 2.4% from 2Q 2021). Net income: ₫66.8b (up 7.2% from 2Q 2021). Profit margin: 24% (up from 22% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Jun 22
Upcoming dividend of ₫1,500 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 25 July 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (3.7%). Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Member of Executive Board, GM & Director Tuan Tran Le is the most experienced director on the board, commencing their role in 2020. Independent Director Minh To was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Jan 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₫2,405 (up from ₫2,115 in FY 2020). Revenue: ₫1.08t (up 19% from FY 2020). Net income: ₫238.1b (up 14% from FY 2020). Profit margin: 22% (down from 23% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year. Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS ₫593 (vs ₫527 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ₫269.2b (up 19% from 3Q 2020). Net income: ₫58.6b (up 12% from 3Q 2020). Profit margin: 22% (down from 23% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₫28,300, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 17% share price gain to ₫32,400, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 145% over the past three years. Reported Earnings • Jul 21
Second quarter 2021 earnings released: EPS ₫630 (vs ₫577 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₫283.5b (up 32% from 2Q 2020). Net income: ₫62.4b (up 9.2% from 2Q 2020). Profit margin: 22% (down from 27% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 14
Inaugural dividend of ₫1,500 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 30 June 2021. This is the first dividend for Danang Port since going public. The average dividend yield among industry peers is 4.3%. Reported Earnings • Apr 24
First quarter 2021 earnings released The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: ₫265.3b (up 18% from 1Q 2020). Net income: ₫60.3b (up 7.5% from 1Q 2020). Profit margin: 23% (down from 25% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₫24,200, the stock is trading at a trailing P/E ratio of 11.4x, down from the previous P/E ratio of 14.2x. This compares to an average P/E of 12x in the Infrastructure industry in Vietnam. Total returns to shareholders over the past three years are 66%. Is New 90 Day High Low • Feb 02
New 90-day low: ₫24,200 The company is down 3.0% from its price of ₫25,000 on 04 November 2020. The Vietnamese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 8.0% over the same period. Reported Earnings • Jan 20
Full year 2020 earnings released: EPS ₫2,114 The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₫904.3b (up 9.8% from FY 2019). Net income: ₫209.4b (up 13% from FY 2019). Profit margin: 23% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Dec 31
New 90-day high: ₫27,000 The company is up 15% from its price of ₫23,500 on 02 October 2020. The Vietnamese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₫26,400 The company is up 12% from its price of ₫23,500 on 08 September 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 22% over the same period. Reported Earnings • Oct 16
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫209.6b, up 25% from the prior year. Total revenue was ₫888.6b over the last 12 months, up 14% from the prior year. 
