View ValuationDong Hai Ben Tre 将来の成長Future 基準チェック /06Dong Hai Ben Treの収益は年間6.8%で減少すると予測されていますが、年間収益は年間6%で増加すると予想されています。EPS は年間11.6%で減少すると予想されています。主要情報-6.8%収益成長率-11.64%EPS成長率Forestry 収益成長20.9%収益成長率6.0%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日15 Jul 2026今後の成長に関する最新情報Price Target Changed • Jul 15Price target decreased by 8.1% to ₫40,912Down from ₫44,525, the current price target is an average from 6 analysts. New target price is 30% above last closing price of ₫31,550. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₫4,019 for next year compared to ₫3,625 last year.Major Estimate Revision • Dec 18Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₫3.42t to ₫3.55t. EPS estimate increased from ₫3,280 to ₫3,775 per share. Net income forecast to grow 31% next year vs 40% growth forecast for Forestry industry in Vietnam. Consensus price target broadly unchanged at ₫48,978. Share price was steady at ₫32,650 over the past week.Price Target Changed • Nov 17Price target increased by 11% to ₫51,590Up from ₫46,400, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₫41,550. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₫3,751 for next year compared to ₫4,620 last year.Major Estimate Revision • Nov 09Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₫3.70t to ₫3.14t. EPS estimate fell from ₫4,618 to ₫3,751 per share. Net income forecast to grow 14% next year vs 40% growth forecast for Forestry industry in Vietnam. Consensus price target up from ₫44,750 to ₫47,900. Share price rose 6.4% to ₫41,800 over the past week.Price Target Changed • Nov 08Price target increased by 7.4% to ₫47,900Up from ₫44,600, the current price target is provided by 1 analyst. New target price is 14% above last closing price of ₫41,950. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of ₫3,751 for next year compared to ₫4,620 last year.Price Target Changed • Sep 07Price target decreased by 7.6% to ₫44,600Down from ₫48,260, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₫46,650. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₫4,618 for next year compared to ₫4,620 last year.すべての更新を表示Recent updatesReported Earnings • Aug 02Second quarter 2026 earnings released: EPS: ₫1,804 (vs ₫768 in 2Q 2025)Second quarter 2026 results: EPS: ₫1,804 (up from ₫768 in 2Q 2025). Revenue: ₫1.05t (up 19% from 2Q 2025). Net income: ₫177.8b (up 114% from 2Q 2025). Profit margin: 17% (up from 9.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jul 15Price target decreased by 8.1% to ₫40,912Down from ₫44,525, the current price target is an average from 6 analysts. New target price is 30% above last closing price of ₫31,550. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₫4,019 for next year compared to ₫3,625 last year.Upcoming Dividend • Jun 12Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 19 June 2026. Payment date: 22 July 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (2.5%).お知らせ • Jun 09Dong Hai Joint Stock Company of Ben Tre Announces First Interim Cash Dividend for 2026, Payable on July 22, 2026Dong Hai Joint Stock Company of Ben Tre announced to pay the first interim cash dividend for 2026. Exercise ratio: 10% per par value (VND 1,000 per share); Payment date: July 22, 2026; Ex-right date: June 19, 2026; Record date: June 22, 2026.Buy Or Sell Opportunity • Jun 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.6% to ₫35,900. The fair value is estimated to be ₫45,508, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 8.7% in a year. Earnings are forecast to decline by 2.4% in the next year.お知らせ • Apr 06Dong Hai Joint Stock Company of Ben Tre, Annual General Meeting, Apr 24, 2026Dong Hai Joint Stock Company of Ben Tre, Annual General Meeting, Apr 24, 2026, at 07:30 SE Asia Standard Time. Location: lotte saigon iiotel-no. 2a-4a ton due thang, sai gon ward, ho chi minh VietnamMajor Estimate Revision • Dec 18Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₫3.42t to ₫3.55t. EPS estimate increased from ₫3,280 to ₫3,775 per share. Net income forecast to grow 31% next year vs 40% growth forecast for Forestry industry in Vietnam. Consensus price target broadly unchanged at ₫48,978. Share price was steady at ₫32,650 over the past week.Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: ₫1,011 (vs ₫781 in 3Q 2024)Third quarter 2025 results: EPS: ₫1,011 (up from ₫781 in 3Q 2024). Revenue: ₫932.3b (up 4.0% from 3Q 2024). Net income: ₫99.6b (up 32% from 3Q 2024). Profit margin: 11% (up from 8.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Oct 22Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 29 October 2025. Payment date: 28 November 2025. Trailing yield: 4.9%. Lower than top quartile of Vietnamese dividend payers (7.6%). Higher than average of industry peers (2.2%).New Risk • Aug 16New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (0% payout ratio).Reported Earnings • Jul 29Second quarter 2025 earnings released: EPS: ₫842 (vs ₫615 in 2Q 2024)Second quarter 2025 results: EPS: ₫842 (up from ₫615 in 2Q 2024). Revenue: ₫880.7b (down 13% from 2Q 2024). Net income: ₫83.0b (up 36% from 2Q 2024). Profit margin: 9.4% (up from 6.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • May 01First quarter 2025 earnings released: EPS: ₫922 (vs ₫679 in 1Q 2024)First quarter 2025 results: EPS: ₫922 (up from ₫679 in 1Q 2024). Revenue: ₫826.1b (up 1.9% from 1Q 2024). Net income: ₫75.7b (up 34% from 1Q 2024). Profit margin: 9.2% (up from 7.0% in 1Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 25% per year.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫25,550, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Forestry industry in Asia. Total loss to shareholders of 54% over the past three years.New Risk • Apr 01New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₫2.55t (US$99.5m) 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 (₫2.55t market cap, or US$99.5m).Reported Earnings • Mar 24Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ₫2,947 (down from ₫3,729 in FY 2023). Revenue: ₫3.60t (up 10% from FY 2023). Net income: ₫237.2b (down 21% from FY 2023). Profit margin: 6.6% (down from 9.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.お知らせ • Mar 20Dong Hai Joint Stock Company of Ben Tre, Annual General Meeting, Apr 09, 2025Dong Hai Joint Stock Company of Ben Tre, Annual General Meeting, Apr 09, 2025, at 07:30 SE Asia Standard Time. Location: sapphire ballroom - 2nd floor, lotte saigon hotel, no. 2a-4a ton due thang, ben nghe ward, district 1, ho chi minh VietnamUpcoming Dividend • Feb 28Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 07 March 2025. Payment date: 09 April 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Vietnamese dividend payers (7.6%). Lower than average of industry peers (4.3%).お知らせ • Feb 19Dong Hai Joint Stock Company of Ben Tre Approves the First Cash Dividend Payment in 2024, Payable on April 9, 2025Dong Hai Joint Stock Company of Ben Tre announced approval of the first cash dividend payment in 2024 as follows. Dividend payment ratio: 10%/share (01 shares receives VND 1.000). Par value: VND 10.000 per share. The latest date: March 10, 2025, Time to pay dividend: April 9, 2025.Reported Earnings • Nov 05Third quarter 2024 earnings released: EPS: ₫938 (vs ₫708 in 3Q 2023)Third quarter 2024 results: EPS: ₫938 (up from ₫708 in 3Q 2023). Revenue: ₫896.4b (up 13% from 3Q 2023). Net income: ₫77.0b (up 35% from 3Q 2023). Profit margin: 8.6% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 25% per year.Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: ₫739 (vs ₫1,086 in 2Q 2023)Second quarter 2024 results: EPS: ₫739 (down from ₫1,086 in 2Q 2023). Revenue: ₫1.02t (up 27% from 2Q 2023). Net income: ₫60.4b (down 32% from 2Q 2023). Profit margin: 5.9% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jun 03Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 10 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Vietnamese dividend payers (8.7%). Higher than average of industry peers (4.7%).お知らせ • May 25Dong Hai Joint Stock Company of Ben Tre Announces Cash Dividend for 2023, Payable on June 28, 2024Dong Hai Joint Stock Company of Ben Tre announced cash dividend for 2023 as Exercise ratio: 10%/par value (VND 1,000 per share). Ex-right date: June 10, 2024. Record date: June 11, 2024. Payment time: June 28, 2024.Reported Earnings • May 07First quarter 2024 earnings released: EPS: ₫677 (vs ₫1,049 in 1Q 2023)First quarter 2024 results: EPS: ₫677 (down from ₫1,049 in 1Q 2023). Revenue: ₫810.8b (down 4.3% from 1Q 2023). Net income: ₫55.6b (down 37% from 1Q 2023). Profit margin: 6.9% (down from 10% in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 02Full year 2023 earnings released: EPS: ₫3,840 (vs ₫4,620 in FY 2022)Full year 2023 results: EPS: ₫3,840 (down from ₫4,620 in FY 2022). Revenue: ₫3.26t (down 17% from FY 2022). Net income: ₫309.1b (down 17% from FY 2022). Profit margin: 9.5% (in line with FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Jan 31Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 7.6% to ₫42,300. The fair value is estimated to be ₫34,380, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 52% in the next 2 years.Price Target Changed • Nov 17Price target increased by 11% to ₫51,590Up from ₫46,400, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₫41,550. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₫3,751 for next year compared to ₫4,620 last year.Upcoming Dividend • Nov 17Upcoming dividend of ₫1,000 per share at 5.5% yieldEligible shareholders must have bought the stock before 24 November 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 5.5%. Lower than top quartile of Vietnamese dividend payers (9.0%). In line with average of industry peers (5.4%).Major Estimate Revision • Nov 09Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₫3.70t to ₫3.14t. EPS estimate fell from ₫4,618 to ₫3,751 per share. Net income forecast to grow 14% next year vs 40% growth forecast for Forestry industry in Vietnam. Consensus price target up from ₫44,750 to ₫47,900. Share price rose 6.4% to ₫41,800 over the past week.Price Target Changed • Nov 08Price target increased by 7.4% to ₫47,900Up from ₫44,600, the current price target is provided by 1 analyst. New target price is 14% above last closing price of ₫41,950. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of ₫3,751 for next year compared to ₫4,620 last year.お知らせ • Nov 01Dong Hai Joint Stock Company of Ben Tre Approves First Advance Payment of Dividends by Cash in 2023, Payable on December 22, 2023Dong Hai Joint Stock Company of Ben Tre approved first advance payment of dividends by cash in 2023. Par value is VND 10.000 per share. Dividend payment ratio: 10% share (1 share receives VND 1000). Latest date is November 27, 2023. Dividend payment date is December 22, 2023.Price Target Changed • Sep 07Price target decreased by 7.6% to ₫44,600Down from ₫48,260, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₫46,650. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₫4,618 for next year compared to ₫4,620 last year.Upcoming Dividend • Aug 18Upcoming dividend of ₫500 per share at 5.9% yieldEligible shareholders must have bought the stock before 25 August 2023. Payment date: 25 September 2023. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 5.9%. Lower than top quartile of Vietnamese dividend payers (8.5%). Higher than average of industry peers (5.3%).お知らせ • Aug 03Dong Hai Joint Stock Company of Ben Tre Approves Cash Dividend Payment for 2022, Payable September 25, 2023Dong Hai Joint Stock Company of Ben Tre approves last cash dividend payment for 2022 Par value: 10000 VND /share. Dividend payment ratio: 5% /share (01 shares receives 500 VND). latest date: August 28, 2023. time to pay dividend: September 25, 2023.Reported Earnings • Jul 30Second quarter 2023 earnings released: EPS: ₫1,120 (vs ₫1,383 in 2Q 2022)Second quarter 2023 results: EPS: ₫1,120 (down from ₫1,383 in 2Q 2022). Revenue: ₫801.0b (down 19% from 2Q 2022). Net income: ₫92.0b (down 17% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Upcoming Dividend • May 18Upcoming dividend of ₫1,000 per share at 4.4% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 4.4%. Lower than top quartile of Vietnamese dividend payers (8.8%). In line with average of industry peers (4.8%).Buying Opportunity • May 11Now 21% undervaluedOver the last 90 days, the stock is up 7.3%. The fair value is estimated to be ₫49,290, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 71% in the next 2 years.お知らせ • May 09Dong Hai Joint Stock Company of Ben Tre Announces Cash Dividend Third Phase of 2022, Payable on June 23, 2023Dong Hai Joint Stock Company of Ben Tre announced cash dividend of 10% par value (VND 1,000 per share) for the third phase of 2022. Ex-right date is May 25, 2023; Record date is May 26, 2023; Payment date is June 23, 2023.Reported Earnings • Apr 08Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: ₫4,620 (down from ₫5,860 in FY 2021). Revenue: ₫3.93t (down 5.5% from FY 2021). Net income: ₫371.9b (down 21% from FY 2021). Profit margin: 9.5% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 6.7%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 18% per year.Buying Opportunity • Apr 07Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be ₫49,266, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 19% per annum over the same time period.Buying Opportunity • Mar 23Now 20% undervaluedOver the last 90 days, the stock is up 30%. The fair value is estimated to be ₫48,884, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.Buying Opportunity • Mar 03Now 21% undervaluedOver the last 90 days, the stock is up 19%. The fair value is estimated to be ₫49,360, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.Buying Opportunity • Feb 13Now 22% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be ₫44,845, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 48% in the next 2 years.Reported Earnings • Feb 05Full year 2022 earnings released: EPS: ₫4,699 (vs ₫5,860 in FY 2021)Full year 2022 results: EPS: ₫4,699 (down from ₫5,860 in FY 2021). Revenue: ₫3.94t (down 5.3% from FY 2021). Net income: ₫378.2b (down 20% from FY 2021). Profit margin: 9.6% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year.Upcoming Dividend • Dec 07Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 14 December 2022. Payment date: 29 December 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Vietnamese dividend payers (9.2%). In line with average of industry peers (5.4%).お知らせ • Dec 05Dong Hai Joint Stock Company of Ben Tre Approves Second Advance Payment of Dividends by Cash in 2022, Payable on December 29, 2022Dong Hai Joint Stock Company of Ben Tre approved second advance payment of dividends by cash in 2022. Par value is VND 10,000. Dividend payment ratio: 10% share (1 share receives VND 1000). Latest date is December 15, 2022. Dividend payment date is December 29, 2022.Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₫36,650, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Forestry industry in Asia. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫64,315 per share.Major Estimate Revision • Nov 19Consensus revenue estimates fall by 10%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₫4.37t to ₫3.92t. EPS estimate fell from ₫8,251 to ₫6,598 per share. Net income forecast to grow 35% next year vs 21% growth forecast for Forestry industry in Vietnam. Consensus price target down from ₫87,379 to ₫66,786. Share price fell 11% to ₫35,050 over the past week.Board Change • Nov 16No independent directorsNo 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 (5 non-independent directors). Chairman & Deputy General Director Van Luong was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₫42,450, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Forestry industry in Asia. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫58,367 per share.Upcoming Dividend • Nov 07Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 14 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Vietnamese dividend payers (9.0%). In line with average of industry peers (5.0%).Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: ₫921 (vs ₫1,215 in 3Q 2021)Third quarter 2022 results: EPS: ₫921 (down from ₫1,215 in 3Q 2021). Revenue: ₫970.4b (up 2.3% from 3Q 2021). Net income: ₫64.5b (down 24% from 3Q 2021). Profit margin: 6.6% (down from 9.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 29Dong Hai Joint Stock Company of Ben Tre Announces Final Cash Dividend Payment for the Year 2021 and First Dividend for the Year 2022, Payable on December 15, 2022Dong Hai Joint Stock Company of Ben Tre announced Final cash dividend payment for the year 2021 and first dividend payment for the year 2022. Par value is VND 10,000. Dividend payment ratio: 5% share (1 share receives VND 500). Latest date is November 15, 2022. Dividend payment date is December 15, 2022.Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be ₫63,541, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 44% in the next 2 years.Buying Opportunity • Oct 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be ₫70,602, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 44% in the next 2 years.Price Target Changed • Aug 25Price target decreased to ₫92,128Down from ₫102,278, the current price target is an average from 2 analysts. New target price is 49% above last closing price of ₫61,900. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₫8,813 for next year compared to ₫6,739 last year.Reported Earnings • Aug 23Second quarter 2022 earnings released: EPS: ₫1,590 (vs ₫1,831 in 2Q 2021)Second quarter 2022 results: EPS: ₫1,590 (down from ₫1,831 in 2Q 2021). Revenue: ₫993.5b (down 8.0% from 2Q 2021). Net income: ₫113.6b (down 11% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 18%, compared to a 25% growth forecast for the Forestry industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 34% per year.Upcoming Dividend • Jul 12Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Vietnamese dividend payers (8.0%). Lower than average of industry peers (3.8%).Buying Opportunity • Jul 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be ₫82,638, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 47% in the next 2 years.Buying Opportunity • Jun 13Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be ₫81,809, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 47% in the next 2 years.Upcoming Dividend • May 06Upcoming dividend of ₫1,500 per shareEligible shareholders must have bought the stock before 13 May 2022. Payment date: 17 June 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Vietnamese dividend payers (6.8%). Lower than average of industry peers (4.2%).Reported Earnings • May 05First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: ₫1,685 (down from ₫2,415 in 1Q 2021). Revenue: ₫1.03t (up 1.5% from 1Q 2021). Net income: ₫117.9b (down 33% from 1Q 2021). Profit margin: 11% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 11%, compared to a 26% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 44% per year and the company’s share price has also increased by 44% per year.お知らせ • May 02Dong Hai Joint Stock Company of Ben Tre Announces Second Cash Dividend for the Year 2021, Payable on June 17, 2022Dong Hai Joint Stock Company of Ben Tre announced second cash dividend payment of 15%/par value (1,500 dongs/share) for the year 2021. Payment date is June 17, 2022. Ex-right date is May 13, 2022. Record date is May 16, 2022.Price Target Changed • Apr 27Price target increased to ₫102,278Up from ₫89,199, the current price target is an average from 2 analysts. New target price is 26% above last closing price of ₫81,000. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₫8,824 for next year compared to ₫6,739 last year.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Chairman & Deputy General Director Van Luong was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Apr 04Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₫6,739 (up from ₫5,599 in FY 2020). Revenue: ₫4.16t (up 44% from FY 2020). Net income: ₫481.3b (up 23% from FY 2020). Profit margin: 12% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 8.8%, compared to a 21% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 51% per year and the company’s share price has also increased by 51% per year.Price Target Changed • Feb 22Price target increased to ₫98,185Up from ₫89,199, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ₫80,200. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₫8,854 for next year compared to ₫6,739 last year.Major Estimate Revision • Feb 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₫9,418 to ₫7,634 per share. Revenue forecast steady at ₫4.19t. Net income forecast to grow 13% next year vs 26% growth forecast for Forestry industry in Vietnam. Consensus price target of ₫89,866 unchanged from last update. Share price was steady at ₫78,100 over the past week.Reported Earnings • Jan 30Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ₫6,877 (up from ₫5,599 in FY 2020). Revenue: ₫4.16t (up 44% from FY 2020). Net income: ₫481.3b (up 23% from FY 2020). Profit margin: 12% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 1.5%, compared to a 30% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 56% per year.お知らせ • Dec 21Dong Hai Joint Stock Company of Ben Tre Provides Earnings Guidance for the Year of 2021Dong Hai Joint Stock Company of Ben Tre provided earnings guidance for the year of 2021. For the year, the company expects net sales to VND 3,800 billion and after-tax profit to VND 450 billion.Price Target Changed • Nov 07Price target increased to ₫92,833Up from ₫86,354, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₫96,100. Stock is up 150% over the past year. The company is forecast to post earnings per share of ₫7,557 for next year compared to ₫5,599 last year.Reported Earnings • Aug 02Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ₫1.08t (up 66% from 2Q 2020). Net income: ₫128.2b (up 54% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jul 16Upcoming dividend of ₫500 per shareEligible shareholders must have bought the stock before 23 July 2021. Payment date: 05 October 2021. Trailing yield: 4.1%. Lower than top quartile of Vietnamese dividend payers (7.8%). Lower than average of industry peers (4.9%).Reported Earnings • Apr 25First quarter 2021 earnings released: EPS ₫3,027 (vs ₫1,561 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₫1.02t (up 52% from 1Q 2020). Net income: ₫172.9b (up 98% from 1Q 2020). Profit margin: 17% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 44% per year.Is New 90 Day High Low • Feb 18New 90-day high: ₫73,400The company is up 39% from its price of ₫52,700 on 20 November 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫52,796 per share.Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₫66,500, the stock is trading at a trailing P/E ratio of 9.7x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 18x in the Forestry industry in Asia. Total returns to shareholders over the past three years are 219%.Major Estimate Revision • Feb 02Analysts increase EPS estimates to ₫7,894The 2021 consensus revenue estimate increased from ₫2.87t to ₫3.15t. The earnings per share estimate also received an upgrade from ₫6,951 to ₫7,894 for the same period. Net income is expected to grow by 15% next year compared to 25% growth forecast for the Forestry industry in Vietnam. The consensus price target increased from ₫61,600 to ₫78,150. Share price stayed mostly flat at ₫64,000 over the past week.Price Target Changed • Feb 01Price target raised to ₫70,650Up from ₫58,400, the current price target is provided by 1 analyst. The new target price is 15% above the current share price of ₫61,500. As of last close, the stock is up 54% over the past year.Reported Earnings • Jan 23Full year 2020 earnings released: EPS ₫6,858The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫2.89t (up 102% from FY 2019). Net income: ₫391.8b (up 116% from FY 2019). Profit margin: 14% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Jan 23Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is forecast to stay flat compared to a 14% growth forecast for the Forestry industry in Vietnam.Is New 90 Day High Low • Jan 07New 90-day high: ₫64,000The company is up 40% from its price of ₫45,700 on 09 October 2020. The Vietnamese market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 7.0% over the same period.Upcoming Dividend • Dec 23Upcoming Dividend of ₫2,000 Per ShareWill be paid on the 29th of January to those who are registered shareholders by the 30th of December. The trailing yield of 3.3% is below the top quartile of Vietnamese dividend payers (8.1%), but it is higher than industry peers (2.0%).Is New 90 Day High Low • Dec 05New 90-day high: ₫62,400The company is up 39% from its price of ₫44,900 on 04 September 2020. The Vietnamese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫35,684 per share.お知らせ • Nov 25Dong Hai Joint Stock Company of Ben Tre Announces the Resignation of Mai Huyen Ngoc as A Member of Supervisory BoardDong Hai Joint Stock Company of Ben Tre announced the resignation of Mai Huyen Ngoc as a member of supervisory board.Is New 90 Day High Low • Nov 09New 90-day high: ₫49,150The company is up 10.0% from its price of ₫44,800 on 11 August 2020. The Vietnamese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Forestry industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫35,140 per share.お知らせ • Nov 06Dong Hai Joint Stock Company of Ben Tre (HOSE:DHC) agreed to acquire 20% stake in Thanh Thanh Cong Energy Service Corporation for VND 19.6 billion.Dong Hai Joint Stock Company of Ben Tre (HOSE:DHC) agreed to acquire 20% stake in Thanh Thanh Cong Energy Service Corporation for VND 19.6 billion on November 4, 2020. As per terms of transaction, Dong Hai Joint Stock Company of Ben Tre will acquire 1.969174 million shares at VND 10,000 per share of Thanh Thanh Cong Energy Service Corporation. Transaction is approved by the board of Dong Hai Joint Stock Company of Ben Tre (HOSE:DHC). Transaction is expected to closed before June 30, 2021.Major Estimate Revision • Oct 29Analysts increase EPS estimates to ₫5,683The 2020 consensus revenue estimate increased from ₫2.58t to ₫2.73t. The earnings per share estimate also received an upgrade from ₫5,054 to ₫5,683 for the same period. Net income is expected to grow by 11% next year compared to 21% growth forecast for the Forestry industry in Vietnam. The consensus price target increased from ₫51,800 to ₫58,400. Share price stayed mostly flat at ₫46,150 over the past week.Is New 90 Day High Low • Oct 23New 90-day high: ₫48,800The company is up 16% from its price of ₫42,000 on 24 July 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫31,131 per share.Reported Earnings • Oct 23Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫344.7b, up 235% from the prior year. Total revenue was ₫2.68t over the last 12 months, up 164% from the prior year.業績と収益の成長予測HOSE:DHC - アナリストの将来予測と過去の財務データ ( )VND Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20274,306,500485,000-156,000621,000212/31/20263,990,500463,333-591,500726,33346/30/20263,937,756541,709132,008552,854N/A3/31/20263,772,088447,652273,254573,163N/A12/31/20253,631,039385,205282,168464,808N/A9/30/20253,512,282300,874522,678552,965N/A6/30/20253,476,402279,169546,353593,274N/A3/31/20253,611,774259,068434,954491,121N/A12/31/20243,596,507237,615585,516656,154N/A9/30/20243,539,152259,104389,636450,600N/A6/30/20243,437,157236,793409,278450,763N/A3/31/20243,222,067269,401289,264392,843N/A12/31/20233,258,909300,152153,155241,239N/A9/30/20233,381,902309,954126,210264,208N/A6/30/20233,557,862319,560170,368305,945N/A3/31/20233,750,363339,789127,614202,786N/A12/31/20223,934,727371,869226,823303,777N/A9/30/20224,114,603378,554-24,505110,769N/A6/30/20224,092,698401,199-26,42983,841N/A3/31/20224,179,330415,576203,053343,117N/A12/31/20214,164,331471,713161,366317,329N/A9/30/20213,911,344535,852558,406646,751N/A6/30/20213,664,499516,534358,643472,477N/A3/31/20213,233,742468,522376,958451,901N/A12/31/20202,887,571384,085413,183474,613N/A9/30/20202,684,716339,329420,252277,449N/A6/30/20202,313,832302,011396,063385,476N/A3/31/20201,895,364250,011N/A188,507N/A12/31/20191,429,886178,772N/A192,421N/A9/30/20191,014,177104,601N/A190,632N/A6/30/2019928,487114,230N/A-74,255N/A3/31/2019938,275127,650N/A53,179N/A12/31/2018926,654131,434N/A-45,318N/A9/30/2018914,485137,085N/A-70,409N/A6/30/2018883,426113,798N/A58,912N/A3/31/2018843,56888,747N/A-6,294N/A12/31/2017810,02578,649N/A9,989N/A9/30/2017769,59368,188N/A70,613N/A6/30/2017752,63274,488N/A-34,460N/A3/31/2017688,16579,206N/A-42,989N/A12/31/2016668,12284,011N/A-22,423N/A9/30/2016646,17790,075N/A-45,172N/A6/30/2016606,17583,896N/A75,413N/A3/31/2016631,03284,547N/A93,745N/A12/31/2015640,03778,582N/A98,182N/A9/30/2015619,95258,232N/A60,125N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: DHCの収益は今後 3 年間で減少すると予測されています (年間-6.8% )。収益対市場: DHCの収益は今後 3 年間で減少すると予測されています (年間-6.8% )。高成長収益: DHCの収益は今後 3 年間で減少すると予測されています。収益対市場: DHCの収益 ( 6% ) VN市場 ( 13.3% ) よりも低い成長が予測されています。高い収益成長: DHCの収益 ( 6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: DHCの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/09 23:42終値2026/08/07 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Dong Hai Joint Stock Company of Ben Tre 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Phu TruongBao Viet Securities Joint Stock Companynull nullBIDV Securities Joint Stock CompanyDan NguyenBIDV Securities Joint Stock Company4 その他のアナリストを表示
Price Target Changed • Jul 15Price target decreased by 8.1% to ₫40,912Down from ₫44,525, the current price target is an average from 6 analysts. New target price is 30% above last closing price of ₫31,550. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₫4,019 for next year compared to ₫3,625 last year.
Major Estimate Revision • Dec 18Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₫3.42t to ₫3.55t. EPS estimate increased from ₫3,280 to ₫3,775 per share. Net income forecast to grow 31% next year vs 40% growth forecast for Forestry industry in Vietnam. Consensus price target broadly unchanged at ₫48,978. Share price was steady at ₫32,650 over the past week.
Price Target Changed • Nov 17Price target increased by 11% to ₫51,590Up from ₫46,400, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₫41,550. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₫3,751 for next year compared to ₫4,620 last year.
Major Estimate Revision • Nov 09Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₫3.70t to ₫3.14t. EPS estimate fell from ₫4,618 to ₫3,751 per share. Net income forecast to grow 14% next year vs 40% growth forecast for Forestry industry in Vietnam. Consensus price target up from ₫44,750 to ₫47,900. Share price rose 6.4% to ₫41,800 over the past week.
Price Target Changed • Nov 08Price target increased by 7.4% to ₫47,900Up from ₫44,600, the current price target is provided by 1 analyst. New target price is 14% above last closing price of ₫41,950. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of ₫3,751 for next year compared to ₫4,620 last year.
Price Target Changed • Sep 07Price target decreased by 7.6% to ₫44,600Down from ₫48,260, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₫46,650. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₫4,618 for next year compared to ₫4,620 last year.
Reported Earnings • Aug 02Second quarter 2026 earnings released: EPS: ₫1,804 (vs ₫768 in 2Q 2025)Second quarter 2026 results: EPS: ₫1,804 (up from ₫768 in 2Q 2025). Revenue: ₫1.05t (up 19% from 2Q 2025). Net income: ₫177.8b (up 114% from 2Q 2025). Profit margin: 17% (up from 9.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jul 15Price target decreased by 8.1% to ₫40,912Down from ₫44,525, the current price target is an average from 6 analysts. New target price is 30% above last closing price of ₫31,550. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₫4,019 for next year compared to ₫3,625 last year.
Upcoming Dividend • Jun 12Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 19 June 2026. Payment date: 22 July 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (2.5%).
お知らせ • Jun 09Dong Hai Joint Stock Company of Ben Tre Announces First Interim Cash Dividend for 2026, Payable on July 22, 2026Dong Hai Joint Stock Company of Ben Tre announced to pay the first interim cash dividend for 2026. Exercise ratio: 10% per par value (VND 1,000 per share); Payment date: July 22, 2026; Ex-right date: June 19, 2026; Record date: June 22, 2026.
Buy Or Sell Opportunity • Jun 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.6% to ₫35,900. The fair value is estimated to be ₫45,508, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 8.7% in a year. Earnings are forecast to decline by 2.4% in the next year.
お知らせ • Apr 06Dong Hai Joint Stock Company of Ben Tre, Annual General Meeting, Apr 24, 2026Dong Hai Joint Stock Company of Ben Tre, Annual General Meeting, Apr 24, 2026, at 07:30 SE Asia Standard Time. Location: lotte saigon iiotel-no. 2a-4a ton due thang, sai gon ward, ho chi minh Vietnam
Major Estimate Revision • Dec 18Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₫3.42t to ₫3.55t. EPS estimate increased from ₫3,280 to ₫3,775 per share. Net income forecast to grow 31% next year vs 40% growth forecast for Forestry industry in Vietnam. Consensus price target broadly unchanged at ₫48,978. Share price was steady at ₫32,650 over the past week.
Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: ₫1,011 (vs ₫781 in 3Q 2024)Third quarter 2025 results: EPS: ₫1,011 (up from ₫781 in 3Q 2024). Revenue: ₫932.3b (up 4.0% from 3Q 2024). Net income: ₫99.6b (up 32% from 3Q 2024). Profit margin: 11% (up from 8.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Oct 22Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 29 October 2025. Payment date: 28 November 2025. Trailing yield: 4.9%. Lower than top quartile of Vietnamese dividend payers (7.6%). Higher than average of industry peers (2.2%).
New Risk • Aug 16New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (0% payout ratio).
Reported Earnings • Jul 29Second quarter 2025 earnings released: EPS: ₫842 (vs ₫615 in 2Q 2024)Second quarter 2025 results: EPS: ₫842 (up from ₫615 in 2Q 2024). Revenue: ₫880.7b (down 13% from 2Q 2024). Net income: ₫83.0b (up 36% from 2Q 2024). Profit margin: 9.4% (up from 6.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 01First quarter 2025 earnings released: EPS: ₫922 (vs ₫679 in 1Q 2024)First quarter 2025 results: EPS: ₫922 (up from ₫679 in 1Q 2024). Revenue: ₫826.1b (up 1.9% from 1Q 2024). Net income: ₫75.7b (up 34% from 1Q 2024). Profit margin: 9.2% (up from 7.0% in 1Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 25% per year.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫25,550, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Forestry industry in Asia. Total loss to shareholders of 54% over the past three years.
New Risk • Apr 01New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₫2.55t (US$99.5m) 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 (₫2.55t market cap, or US$99.5m).
Reported Earnings • Mar 24Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ₫2,947 (down from ₫3,729 in FY 2023). Revenue: ₫3.60t (up 10% from FY 2023). Net income: ₫237.2b (down 21% from FY 2023). Profit margin: 6.6% (down from 9.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 20Dong Hai Joint Stock Company of Ben Tre, Annual General Meeting, Apr 09, 2025Dong Hai Joint Stock Company of Ben Tre, Annual General Meeting, Apr 09, 2025, at 07:30 SE Asia Standard Time. Location: sapphire ballroom - 2nd floor, lotte saigon hotel, no. 2a-4a ton due thang, ben nghe ward, district 1, ho chi minh Vietnam
Upcoming Dividend • Feb 28Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 07 March 2025. Payment date: 09 April 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Vietnamese dividend payers (7.6%). Lower than average of industry peers (4.3%).
お知らせ • Feb 19Dong Hai Joint Stock Company of Ben Tre Approves the First Cash Dividend Payment in 2024, Payable on April 9, 2025Dong Hai Joint Stock Company of Ben Tre announced approval of the first cash dividend payment in 2024 as follows. Dividend payment ratio: 10%/share (01 shares receives VND 1.000). Par value: VND 10.000 per share. The latest date: March 10, 2025, Time to pay dividend: April 9, 2025.
Reported Earnings • Nov 05Third quarter 2024 earnings released: EPS: ₫938 (vs ₫708 in 3Q 2023)Third quarter 2024 results: EPS: ₫938 (up from ₫708 in 3Q 2023). Revenue: ₫896.4b (up 13% from 3Q 2023). Net income: ₫77.0b (up 35% from 3Q 2023). Profit margin: 8.6% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 25% per year.
Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: ₫739 (vs ₫1,086 in 2Q 2023)Second quarter 2024 results: EPS: ₫739 (down from ₫1,086 in 2Q 2023). Revenue: ₫1.02t (up 27% from 2Q 2023). Net income: ₫60.4b (down 32% from 2Q 2023). Profit margin: 5.9% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jun 03Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 10 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Vietnamese dividend payers (8.7%). Higher than average of industry peers (4.7%).
お知らせ • May 25Dong Hai Joint Stock Company of Ben Tre Announces Cash Dividend for 2023, Payable on June 28, 2024Dong Hai Joint Stock Company of Ben Tre announced cash dividend for 2023 as Exercise ratio: 10%/par value (VND 1,000 per share). Ex-right date: June 10, 2024. Record date: June 11, 2024. Payment time: June 28, 2024.
Reported Earnings • May 07First quarter 2024 earnings released: EPS: ₫677 (vs ₫1,049 in 1Q 2023)First quarter 2024 results: EPS: ₫677 (down from ₫1,049 in 1Q 2023). Revenue: ₫810.8b (down 4.3% from 1Q 2023). Net income: ₫55.6b (down 37% from 1Q 2023). Profit margin: 6.9% (down from 10% in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 02Full year 2023 earnings released: EPS: ₫3,840 (vs ₫4,620 in FY 2022)Full year 2023 results: EPS: ₫3,840 (down from ₫4,620 in FY 2022). Revenue: ₫3.26t (down 17% from FY 2022). Net income: ₫309.1b (down 17% from FY 2022). Profit margin: 9.5% (in line with FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Jan 31Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 7.6% to ₫42,300. The fair value is estimated to be ₫34,380, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 52% in the next 2 years.
Price Target Changed • Nov 17Price target increased by 11% to ₫51,590Up from ₫46,400, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₫41,550. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₫3,751 for next year compared to ₫4,620 last year.
Upcoming Dividend • Nov 17Upcoming dividend of ₫1,000 per share at 5.5% yieldEligible shareholders must have bought the stock before 24 November 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 5.5%. Lower than top quartile of Vietnamese dividend payers (9.0%). In line with average of industry peers (5.4%).
Major Estimate Revision • Nov 09Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₫3.70t to ₫3.14t. EPS estimate fell from ₫4,618 to ₫3,751 per share. Net income forecast to grow 14% next year vs 40% growth forecast for Forestry industry in Vietnam. Consensus price target up from ₫44,750 to ₫47,900. Share price rose 6.4% to ₫41,800 over the past week.
Price Target Changed • Nov 08Price target increased by 7.4% to ₫47,900Up from ₫44,600, the current price target is provided by 1 analyst. New target price is 14% above last closing price of ₫41,950. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of ₫3,751 for next year compared to ₫4,620 last year.
お知らせ • Nov 01Dong Hai Joint Stock Company of Ben Tre Approves First Advance Payment of Dividends by Cash in 2023, Payable on December 22, 2023Dong Hai Joint Stock Company of Ben Tre approved first advance payment of dividends by cash in 2023. Par value is VND 10.000 per share. Dividend payment ratio: 10% share (1 share receives VND 1000). Latest date is November 27, 2023. Dividend payment date is December 22, 2023.
Price Target Changed • Sep 07Price target decreased by 7.6% to ₫44,600Down from ₫48,260, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₫46,650. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₫4,618 for next year compared to ₫4,620 last year.
Upcoming Dividend • Aug 18Upcoming dividend of ₫500 per share at 5.9% yieldEligible shareholders must have bought the stock before 25 August 2023. Payment date: 25 September 2023. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 5.9%. Lower than top quartile of Vietnamese dividend payers (8.5%). Higher than average of industry peers (5.3%).
お知らせ • Aug 03Dong Hai Joint Stock Company of Ben Tre Approves Cash Dividend Payment for 2022, Payable September 25, 2023Dong Hai Joint Stock Company of Ben Tre approves last cash dividend payment for 2022 Par value: 10000 VND /share. Dividend payment ratio: 5% /share (01 shares receives 500 VND). latest date: August 28, 2023. time to pay dividend: September 25, 2023.
Reported Earnings • Jul 30Second quarter 2023 earnings released: EPS: ₫1,120 (vs ₫1,383 in 2Q 2022)Second quarter 2023 results: EPS: ₫1,120 (down from ₫1,383 in 2Q 2022). Revenue: ₫801.0b (down 19% from 2Q 2022). Net income: ₫92.0b (down 17% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Upcoming Dividend • May 18Upcoming dividend of ₫1,000 per share at 4.4% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 4.4%. Lower than top quartile of Vietnamese dividend payers (8.8%). In line with average of industry peers (4.8%).
Buying Opportunity • May 11Now 21% undervaluedOver the last 90 days, the stock is up 7.3%. The fair value is estimated to be ₫49,290, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 71% in the next 2 years.
お知らせ • May 09Dong Hai Joint Stock Company of Ben Tre Announces Cash Dividend Third Phase of 2022, Payable on June 23, 2023Dong Hai Joint Stock Company of Ben Tre announced cash dividend of 10% par value (VND 1,000 per share) for the third phase of 2022. Ex-right date is May 25, 2023; Record date is May 26, 2023; Payment date is June 23, 2023.
Reported Earnings • Apr 08Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: ₫4,620 (down from ₫5,860 in FY 2021). Revenue: ₫3.93t (down 5.5% from FY 2021). Net income: ₫371.9b (down 21% from FY 2021). Profit margin: 9.5% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 6.7%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 18% per year.
Buying Opportunity • Apr 07Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be ₫49,266, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 19% per annum over the same time period.
Buying Opportunity • Mar 23Now 20% undervaluedOver the last 90 days, the stock is up 30%. The fair value is estimated to be ₫48,884, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.
Buying Opportunity • Mar 03Now 21% undervaluedOver the last 90 days, the stock is up 19%. The fair value is estimated to be ₫49,360, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.
Buying Opportunity • Feb 13Now 22% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be ₫44,845, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 48% in the next 2 years.
Reported Earnings • Feb 05Full year 2022 earnings released: EPS: ₫4,699 (vs ₫5,860 in FY 2021)Full year 2022 results: EPS: ₫4,699 (down from ₫5,860 in FY 2021). Revenue: ₫3.94t (down 5.3% from FY 2021). Net income: ₫378.2b (down 20% from FY 2021). Profit margin: 9.6% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year.
Upcoming Dividend • Dec 07Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 14 December 2022. Payment date: 29 December 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Vietnamese dividend payers (9.2%). In line with average of industry peers (5.4%).
お知らせ • Dec 05Dong Hai Joint Stock Company of Ben Tre Approves Second Advance Payment of Dividends by Cash in 2022, Payable on December 29, 2022Dong Hai Joint Stock Company of Ben Tre approved second advance payment of dividends by cash in 2022. Par value is VND 10,000. Dividend payment ratio: 10% share (1 share receives VND 1000). Latest date is December 15, 2022. Dividend payment date is December 29, 2022.
Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₫36,650, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Forestry industry in Asia. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫64,315 per share.
Major Estimate Revision • Nov 19Consensus revenue estimates fall by 10%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₫4.37t to ₫3.92t. EPS estimate fell from ₫8,251 to ₫6,598 per share. Net income forecast to grow 35% next year vs 21% growth forecast for Forestry industry in Vietnam. Consensus price target down from ₫87,379 to ₫66,786. Share price fell 11% to ₫35,050 over the past week.
Board Change • Nov 16No independent directorsNo 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 (5 non-independent directors). Chairman & Deputy General Director Van Luong was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₫42,450, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Forestry industry in Asia. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫58,367 per share.
Upcoming Dividend • Nov 07Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 14 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Vietnamese dividend payers (9.0%). In line with average of industry peers (5.0%).
Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: ₫921 (vs ₫1,215 in 3Q 2021)Third quarter 2022 results: EPS: ₫921 (down from ₫1,215 in 3Q 2021). Revenue: ₫970.4b (up 2.3% from 3Q 2021). Net income: ₫64.5b (down 24% from 3Q 2021). Profit margin: 6.6% (down from 9.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 29Dong Hai Joint Stock Company of Ben Tre Announces Final Cash Dividend Payment for the Year 2021 and First Dividend for the Year 2022, Payable on December 15, 2022Dong Hai Joint Stock Company of Ben Tre announced Final cash dividend payment for the year 2021 and first dividend payment for the year 2022. Par value is VND 10,000. Dividend payment ratio: 5% share (1 share receives VND 500). Latest date is November 15, 2022. Dividend payment date is December 15, 2022.
Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be ₫63,541, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 44% in the next 2 years.
Buying Opportunity • Oct 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be ₫70,602, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 44% in the next 2 years.
Price Target Changed • Aug 25Price target decreased to ₫92,128Down from ₫102,278, the current price target is an average from 2 analysts. New target price is 49% above last closing price of ₫61,900. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₫8,813 for next year compared to ₫6,739 last year.
Reported Earnings • Aug 23Second quarter 2022 earnings released: EPS: ₫1,590 (vs ₫1,831 in 2Q 2021)Second quarter 2022 results: EPS: ₫1,590 (down from ₫1,831 in 2Q 2021). Revenue: ₫993.5b (down 8.0% from 2Q 2021). Net income: ₫113.6b (down 11% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 18%, compared to a 25% growth forecast for the Forestry industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 34% per year.
Upcoming Dividend • Jul 12Upcoming dividend of ₫1,000 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Vietnamese dividend payers (8.0%). Lower than average of industry peers (3.8%).
Buying Opportunity • Jul 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be ₫82,638, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 47% in the next 2 years.
Buying Opportunity • Jun 13Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be ₫81,809, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 47% in the next 2 years.
Upcoming Dividend • May 06Upcoming dividend of ₫1,500 per shareEligible shareholders must have bought the stock before 13 May 2022. Payment date: 17 June 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Vietnamese dividend payers (6.8%). Lower than average of industry peers (4.2%).
Reported Earnings • May 05First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: ₫1,685 (down from ₫2,415 in 1Q 2021). Revenue: ₫1.03t (up 1.5% from 1Q 2021). Net income: ₫117.9b (down 33% from 1Q 2021). Profit margin: 11% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 11%, compared to a 26% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 44% per year and the company’s share price has also increased by 44% per year.
お知らせ • May 02Dong Hai Joint Stock Company of Ben Tre Announces Second Cash Dividend for the Year 2021, Payable on June 17, 2022Dong Hai Joint Stock Company of Ben Tre announced second cash dividend payment of 15%/par value (1,500 dongs/share) for the year 2021. Payment date is June 17, 2022. Ex-right date is May 13, 2022. Record date is May 16, 2022.
Price Target Changed • Apr 27Price target increased to ₫102,278Up from ₫89,199, the current price target is an average from 2 analysts. New target price is 26% above last closing price of ₫81,000. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₫8,824 for next year compared to ₫6,739 last year.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Chairman & Deputy General Director Van Luong was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 04Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₫6,739 (up from ₫5,599 in FY 2020). Revenue: ₫4.16t (up 44% from FY 2020). Net income: ₫481.3b (up 23% from FY 2020). Profit margin: 12% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 8.8%, compared to a 21% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 51% per year and the company’s share price has also increased by 51% per year.
Price Target Changed • Feb 22Price target increased to ₫98,185Up from ₫89,199, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ₫80,200. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₫8,854 for next year compared to ₫6,739 last year.
Major Estimate Revision • Feb 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₫9,418 to ₫7,634 per share. Revenue forecast steady at ₫4.19t. Net income forecast to grow 13% next year vs 26% growth forecast for Forestry industry in Vietnam. Consensus price target of ₫89,866 unchanged from last update. Share price was steady at ₫78,100 over the past week.
Reported Earnings • Jan 30Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ₫6,877 (up from ₫5,599 in FY 2020). Revenue: ₫4.16t (up 44% from FY 2020). Net income: ₫481.3b (up 23% from FY 2020). Profit margin: 12% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 1.5%, compared to a 30% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 56% per year.
お知らせ • Dec 21Dong Hai Joint Stock Company of Ben Tre Provides Earnings Guidance for the Year of 2021Dong Hai Joint Stock Company of Ben Tre provided earnings guidance for the year of 2021. For the year, the company expects net sales to VND 3,800 billion and after-tax profit to VND 450 billion.
Price Target Changed • Nov 07Price target increased to ₫92,833Up from ₫86,354, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₫96,100. Stock is up 150% over the past year. The company is forecast to post earnings per share of ₫7,557 for next year compared to ₫5,599 last year.
Reported Earnings • Aug 02Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ₫1.08t (up 66% from 2Q 2020). Net income: ₫128.2b (up 54% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jul 16Upcoming dividend of ₫500 per shareEligible shareholders must have bought the stock before 23 July 2021. Payment date: 05 October 2021. Trailing yield: 4.1%. Lower than top quartile of Vietnamese dividend payers (7.8%). Lower than average of industry peers (4.9%).
Reported Earnings • Apr 25First quarter 2021 earnings released: EPS ₫3,027 (vs ₫1,561 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₫1.02t (up 52% from 1Q 2020). Net income: ₫172.9b (up 98% from 1Q 2020). Profit margin: 17% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 44% per year.
Is New 90 Day High Low • Feb 18New 90-day high: ₫73,400The company is up 39% from its price of ₫52,700 on 20 November 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫52,796 per share.
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₫66,500, the stock is trading at a trailing P/E ratio of 9.7x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 18x in the Forestry industry in Asia. Total returns to shareholders over the past three years are 219%.
Major Estimate Revision • Feb 02Analysts increase EPS estimates to ₫7,894The 2021 consensus revenue estimate increased from ₫2.87t to ₫3.15t. The earnings per share estimate also received an upgrade from ₫6,951 to ₫7,894 for the same period. Net income is expected to grow by 15% next year compared to 25% growth forecast for the Forestry industry in Vietnam. The consensus price target increased from ₫61,600 to ₫78,150. Share price stayed mostly flat at ₫64,000 over the past week.
Price Target Changed • Feb 01Price target raised to ₫70,650Up from ₫58,400, the current price target is provided by 1 analyst. The new target price is 15% above the current share price of ₫61,500. As of last close, the stock is up 54% over the past year.
Reported Earnings • Jan 23Full year 2020 earnings released: EPS ₫6,858The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫2.89t (up 102% from FY 2019). Net income: ₫391.8b (up 116% from FY 2019). Profit margin: 14% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Jan 23Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is forecast to stay flat compared to a 14% growth forecast for the Forestry industry in Vietnam.
Is New 90 Day High Low • Jan 07New 90-day high: ₫64,000The company is up 40% from its price of ₫45,700 on 09 October 2020. The Vietnamese market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 7.0% over the same period.
Upcoming Dividend • Dec 23Upcoming Dividend of ₫2,000 Per ShareWill be paid on the 29th of January to those who are registered shareholders by the 30th of December. The trailing yield of 3.3% is below the top quartile of Vietnamese dividend payers (8.1%), but it is higher than industry peers (2.0%).
Is New 90 Day High Low • Dec 05New 90-day high: ₫62,400The company is up 39% from its price of ₫44,900 on 04 September 2020. The Vietnamese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫35,684 per share.
お知らせ • Nov 25Dong Hai Joint Stock Company of Ben Tre Announces the Resignation of Mai Huyen Ngoc as A Member of Supervisory BoardDong Hai Joint Stock Company of Ben Tre announced the resignation of Mai Huyen Ngoc as a member of supervisory board.
Is New 90 Day High Low • Nov 09New 90-day high: ₫49,150The company is up 10.0% from its price of ₫44,800 on 11 August 2020. The Vietnamese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Forestry industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫35,140 per share.
お知らせ • Nov 06Dong Hai Joint Stock Company of Ben Tre (HOSE:DHC) agreed to acquire 20% stake in Thanh Thanh Cong Energy Service Corporation for VND 19.6 billion.Dong Hai Joint Stock Company of Ben Tre (HOSE:DHC) agreed to acquire 20% stake in Thanh Thanh Cong Energy Service Corporation for VND 19.6 billion on November 4, 2020. As per terms of transaction, Dong Hai Joint Stock Company of Ben Tre will acquire 1.969174 million shares at VND 10,000 per share of Thanh Thanh Cong Energy Service Corporation. Transaction is approved by the board of Dong Hai Joint Stock Company of Ben Tre (HOSE:DHC). Transaction is expected to closed before June 30, 2021.
Major Estimate Revision • Oct 29Analysts increase EPS estimates to ₫5,683The 2020 consensus revenue estimate increased from ₫2.58t to ₫2.73t. The earnings per share estimate also received an upgrade from ₫5,054 to ₫5,683 for the same period. Net income is expected to grow by 11% next year compared to 21% growth forecast for the Forestry industry in Vietnam. The consensus price target increased from ₫51,800 to ₫58,400. Share price stayed mostly flat at ₫46,150 over the past week.
Is New 90 Day High Low • Oct 23New 90-day high: ₫48,800The company is up 16% from its price of ₫42,000 on 24 July 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫31,131 per share.
Reported Earnings • Oct 23Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫344.7b, up 235% from the prior year. Total revenue was ₫2.68t over the last 12 months, up 164% from the prior year.