View ValuationGemadept Group 将来の成長Future 基準チェック /16Gemadept Group利益と収益がそれぞれ年間10.2%と7.1%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に17.3% 8.7%なると予測されています。主要情報10.2%収益成長率8.70%EPS成長率Infrastructure 収益成長10.1%収益成長率7.1%将来の株主資本利益率17.29%アナリストカバレッジGood最終更新日26 May 2026今後の成長に関する最新情報Price Target Changed • Mar 05Price target increased by 9.3% to ₫81,289Up from ₫74,340, the current price target is an average from 9 analysts. New target price is 5.2% above last closing price of ₫77,300. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₫4,930 for next year compared to ₫3,666 last year.Major Estimate Revision • Feb 28Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₫5.79t to ₫6.02t. EPS estimate increased from ₫4,126 to ₫5,026 per share. Net income forecast to grow 21% next year vs 10% growth forecast for Infrastructure industry in Vietnam. Consensus price target up from ₫72,927 to ₫77,900. Share price rose 13% to ₫84,400 over the past week.Price Target Changed • Nov 24Price target increased by 7.9% to ₫72,050Up from ₫66,778, the current price target is an average from 12 analysts. New target price is 15% above last closing price of ₫62,900. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of ₫3,802 for next year compared to ₫4,276 last year.Price Target Changed • Apr 25Price target increased by 11% to ₫81,320Up from ₫73,283, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₫81,400. Stock is up 51% over the past year. The company is forecast to post earnings per share of ₫3,961 for next year compared to ₫7,207 last year.Price Target Changed • Jan 27Price target increased by 8.0% to ₫67,683Up from ₫62,671, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₫70,100. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₫7,822 for next year compared to ₫3,034 last year.Major Estimate Revision • May 23Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₫5,318 to ₫4,553 per share. Revenue forecast steady at ₫3.91t. Net income forecast to grow 69% next year vs 17% growth forecast for Infrastructure industry in Vietnam. Consensus price target broadly unchanged at ₫58,483. Share price was steady at ₫49,600 over the past week.すべての更新を表示Recent updatesUpcoming Dividend • May 14Upcoming dividend of ₫2,200 per shareEligible shareholders must have bought the stock before 21 May 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Vietnamese dividend payers (7.9%). Lower than average of industry peers (3.2%).お知らせ • Apr 02+ 1 more updateCJ Logistics Corporation (KOSE:A000120) agreed to acquire remaining 49.10% stake in Gemadept Logistics Holding Co Ltd from Gemadept Corporation (HOSE:GMD).CJ Logistics Corporation (KOSE:A000120) agreed to acquire remaining 49.10% stake in Gemadept Logistics Holding Co Ltd from Gemadept Corporation (HOSE:GMD) on April 1, 2026. Upon completion, CJ Logistics Corporation will own 100% stake in Gemadept Logistics Holding Co Ltd.New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.7% 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. This is currently the only risk that has been identified for the company.お知らせ • Mar 12Gemadept Corporation, Annual General Meeting, May 06, 2026Gemadept Corporation, Annual General Meeting, May 06, 2026.Price Target Changed • Mar 05Price target increased by 9.3% to ₫81,289Up from ₫74,340, the current price target is an average from 9 analysts. New target price is 5.2% above last closing price of ₫77,300. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₫4,930 for next year compared to ₫3,666 last year.Major Estimate Revision • Feb 28Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₫5.79t to ₫6.02t. EPS estimate increased from ₫4,126 to ₫5,026 per share. Net income forecast to grow 21% next year vs 10% growth forecast for Infrastructure industry in Vietnam. Consensus price target up from ₫72,927 to ₫77,900. Share price rose 13% to ₫84,400 over the past week.Reported Earnings • Feb 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: ₫3,666. Revenue: ₫5.95t (up 23% from FY 2024). Net income: ₫1.54t (up 13% from FY 2024). Profit margin: 26% (down from 28% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10.0%. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Infrastructure industry in Asia.Buy Or Sell Opportunity • Jan 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.8% to ₫64,000. The fair value is estimated to be ₫80,258, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 6.5%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.Price Target Changed • Nov 24Price target increased by 7.9% to ₫72,050Up from ₫66,778, the current price target is an average from 12 analysts. New target price is 15% above last closing price of ₫62,900. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of ₫3,802 for next year compared to ₫4,276 last year.Reported Earnings • Nov 03Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: ₫690 (down from ₫994 in 3Q 2024). Revenue: ₫1.56t (up 23% from 3Q 2024). Net income: ₫315.2b (down 5.9% from 3Q 2024). Profit margin: 20% (down from 27% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Oct 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to ₫70,500. The fair value is estimated to be ₫58,188, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.1%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.Buy Or Sell Opportunity • Sep 13Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 24% to ₫69,200. The fair value is estimated to be ₫57,558, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.1%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.Reported Earnings • Jul 24Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ₫135.7b (down 88% from 2Q 2024). Net income: ₫441.5b (up 46% from 2Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Asia.Declared Dividend • Jul 06Dividend reduced to ₫2,000Dividend of ₫2,000 is 9.1% lower than last year. Ex-date: 9th July 2025 Payment date: 17th July 2025 Dividend yield will be 3.3%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Jul 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 7.3% 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 Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (23% net profit margin).New Risk • May 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 7.2% 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 Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (23% net profit margin).お知らせ • May 06Gemadept Corporation, Annual General Meeting, Jun 24, 2025Gemadept Corporation, Annual General Meeting, Jun 24, 2025.Buy Or Sell Opportunity • Apr 18Now 22% overvaluedOver the last 90 days, the stock has fallen 22% to ₫48,650. The fair value is estimated to be ₫39,798, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 8.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.Reported Earnings • Apr 08Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₫4,276 (down from ₫7,207 in FY 2023). Revenue: ₫4.83t (up 26% from FY 2023). Net income: ₫1.36t (down 38% from FY 2023). Profit margin: 28% (down from 57% in FY 2023). Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₫48,750, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Infrastructure industry in Asia. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫39,113 per share.New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (21% accrual ratio). Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (29% net profit margin).Buy Or Sell Opportunity • Jan 02Now 21% overvaluedOver the last 90 days, the stock has fallen 14% to ₫66,200. The fair value is estimated to be ₫54,720, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.New Risk • Dec 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 35% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (29% net profit margin). Shareholders have been diluted in the past year (35% increase in shares outstanding).Valuation Update With 7 Day Price Move • Oct 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₫62,800, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Infrastructure industry in Asia. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫53,129 per share.New Risk • Aug 03New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 29% Last year net profit margin: 58% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (29% net profit margin). Shareholders have been diluted in the past year (3.0% increase in shares outstanding).Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: ₫882 (vs ₫6,111 in 2Q 2023)Second quarter 2024 results: EPS: ₫882 (down from ₫6,111 in 2Q 2023). Revenue: ₫1.18t (up 30% from 2Q 2023). Net income: ₫303.2b (down 81% from 2Q 2023). Profit margin: 26% (down from 179% in 2Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 08Upcoming dividend of ₫2,200 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 16 August 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Vietnamese dividend payers (8.3%). Lower than average of industry peers (4.2%).お知らせ • Jul 04Gemadept Corporation Announces Cash Dividend for 2023, Payable on August 16, 2024Gemadept Corporation announced the Board resolution dated July 02, 2024, the BOD of Gemadept Corporation approved the record date to pay the 2023 cash dividend payment as follows: Record date is July 16, 2024. Exercise ratio of 22% per share (VND 2,200 per share). Payment time: August 16, 2024.Reported Earnings • May 02First quarter 2024 earnings released: EPS: ₫1,770 (vs ₫565 in 1Q 2023)First quarter 2024 results: EPS: ₫1,770 (up from ₫565 in 1Q 2023). Revenue: ₫1.01t (up 12% from 1Q 2023). Net income: ₫559.4b (up 232% from 1Q 2023). Profit margin: 56% (up from 19% in 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 25Price target increased by 11% to ₫81,320Up from ₫73,283, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₫81,400. Stock is up 51% over the past year. The company is forecast to post earnings per share of ₫3,961 for next year compared to ₫7,207 last year.お知らせ • Apr 16Gemadept Corporation, Annual General Meeting, May 31, 2024Gemadept Corporation, Annual General Meeting, May 31, 2024.New Risk • Apr 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 13% per year for the foreseeable future. High level of non-cash earnings (36% accrual ratio). Minor Risk Shareholders have been diluted in the past year (3.0% increase in shares outstanding).Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫80,500, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Infrastructure industry in Asia. Total returns to shareholders of 167% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫45,339 per share.Reported Earnings • Feb 01Full year 2023 earnings released: EPS: ₫7,119 (vs ₫3,034 in FY 2022)Full year 2023 results: EPS: ₫7,119 (up from ₫3,034 in FY 2022). Revenue: ₫3.85t (down 1.3% from FY 2022). Net income: ₫2.22t (up 143% from FY 2022). Profit margin: 58% (up from 24% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jan 27Price target increased by 8.0% to ₫67,683Up from ₫62,671, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₫70,100. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₫7,822 for next year compared to ₫3,034 last year.Reported Earnings • Nov 05Third quarter 2023 earnings released: EPS: ₫738 (vs ₫744 in 3Q 2022)Third quarter 2023 results: EPS: ₫738. Revenue: ₫997.9b (flat on 3Q 2022). Net income: ₫254.1b (up 4.2% from 3Q 2022). Profit margin: 26% (in line with 3Q 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Infrastructure industry in Asia.Board Change • Oct 10No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Chairman of the Board Nhan Van Do was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Sep 09Gemadept Corporation Announces Cash Dividend of 2022, Payable on September 29, 2023Gemadept Corporation announced cash dividend of 20%/par value (VND 2,000/share) for 2022, payable on September 29, 2023 with record as September 22, 2023.お知らせ • Jul 12Gemadept Corporation Announces Termination of Operation of BranchGemadept Corporation announced on July 6, 2023, the termination of operation of Da Nang branch at No.39 Quang Trung, Hai Chau I ward, Da Nang.お知らせ • Jun 15+ 3 more updatesGemadept Corporation Announces Management ChangesGemadept Corporation announced that the appointment of Mr. Do Van Nhan as Chairman of the BOD, Mr. Chu Duc Khang as Deputy Chairman of the BOD, Mr. Vu Ninh as The person in charge of corporate governance, Mr. Do Cong Khanh, Nguyen The Dung, Pham Quoc Long as Deputy CEO, Mrs. Bui Thi Thu Huong as Head of the Financial Department. The effective date of change is June 12, 2023. Term is 2023 to 2028.Major Estimate Revision • May 23Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₫5,318 to ₫4,553 per share. Revenue forecast steady at ₫3.91t. Net income forecast to grow 69% next year vs 17% growth forecast for Infrastructure industry in Vietnam. Consensus price target broadly unchanged at ₫58,483. Share price was steady at ₫49,600 over the past week.Reported Earnings • May 09First quarter 2023 earnings released: EPS: ₫617 (vs ₫832 in 1Q 2022)First quarter 2023 results: EPS: ₫617 (down from ₫832 in 1Q 2022). Revenue: ₫902.0b (up 2.5% from 1Q 2022). Net income: ₫202.2b (down 12% from 1Q 2022). Profit margin: 22% (down from 26% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 38% per year.Major Estimate Revision • Mar 09Consensus EPS estimates increase by 14%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₫4.03t to ₫3.94t. EPS estimate rose from ₫4,024 to ₫4,568. Net income forecast to grow 69% next year vs 12% growth forecast for Infrastructure industry in Vietnam. Consensus price target broadly unchanged at ₫58,500. Share price was steady at ₫51,300 over the past week.Reported Earnings • Feb 05Full year 2022 earnings released: EPS: ₫3,037 (vs ₫1,869 in FY 2021)Full year 2022 results: EPS: ₫3,037 (up from ₫1,869 in FY 2021). Revenue: ₫3.92t (up 22% from FY 2021). Net income: ₫915.4b (up 63% from FY 2021). Profit margin: 23% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 11An unknown buyer agreed to acquire all shares in Nam Hai Dinh Vu Port Joint Stock Company from Gemadept Corporation (HOSE:GMD).An unknown buyer agreed to acquire all shares in Nam Hai Dinh Vu Port Joint Stock Company from Gemadept Corporation (HOSE:GMD) on December 19, 2022. The transaction was approved by Gemadept Corporation (HOSE:GMD) board of director.Price Target Changed • Jan 03Price target decreased to ₫58,400Down from ₫63,014, the current price target is an average from 8 analysts. New target price is 29% above last closing price of ₫45,400. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of ₫2,916 for next year compared to ₫1,869 last year.Buying Opportunity • Dec 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.1%. The fair value is estimated to be ₫59,024, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings is also forecast to grow by 16% per annum over the same time period.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. 12 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). Member of Board of Management David Do was the last director to join the board, commencing their role in 2018. 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 • Oct 31Third quarter 2022 earnings released: EPS: ₫744 (vs ₫386 in 3Q 2021)Third quarter 2022 results: EPS: ₫744 (up from ₫386 in 3Q 2021). Revenue: ₫991.9b (up 36% from 3Q 2021). Net income: ₫243.9b (up 93% from 3Q 2021). Profit margin: 25% (up from 17% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 20% per year.お知らせ • Oct 04Gemadept Corporation Announces Cash Dividend of 2021, Payable on October 25, 2022Gemadept Corporation announced cash dividend of 12%/par value (VND 1,200/share) for 2021, payable on October 25, 2022 with record as October 10, 2022. Ex-right date: October 7, 2022.お知らせ • Sep 30Gemadept Corporation Announces Cash Dividend for 2021Gemadept Corporation announced cash dividend of 12%/par value (VND 1,200/share) for 2021, payable on October 25, 2022 with record as October 25, 2022.Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: ₫878 (vs ₫436 in 2Q 2021)Second quarter 2022 results: EPS: ₫878 (up from ₫436 in 2Q 2021). Revenue: ₫977.9b (up 30% from 2Q 2021). Net income: ₫287.9b (up 119% from 2Q 2021). Profit margin: 29% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 54% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₫46,050, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Infrastructure industry in Asia. Total returns to shareholders of 94% over the past three years.Major Estimate Revision • Jun 10Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₫3.46t to ₫3.54t. EPS estimate increased from ₫2,479 to ₫2,769 per share. Net income forecast to grow 36% next year vs 12% growth forecast for Infrastructure industry in Vietnam. Consensus price target up from ₫58,820 to ₫60,820. Share price fell 6.0% to ₫55,000 over the past week.Price Target Changed • May 12Price target increased to ₫58,820Up from ₫54,717, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₫56,500. Stock is up 55% over the past year. The company is forecast to post earnings per share of ₫2,543 for next year compared to ₫1,869 last year.Buying Opportunity • May 09Now 20% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be ₫67,161, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 6.8%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 37% in the next 2 years.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. 12 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). Member of Board of Management David Do was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Apr 14Gemadept Corporation Announces Resignation of Ha Thu Hien as Member of the Board of DirectorsGemadept Corporation announced resignation of Ha Thu Hien as Member of the Board of Directors. Date of resignation letter: April 04, 2022.Major Estimate Revision • Feb 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ₫2,299 to ₫2,675. Revenue forecast steady at ₫3.16t. Net income forecast to grow 45% next year vs 12% growth forecast for Infrastructure industry in Vietnam. Consensus price target broadly unchanged at ₫55,300. Share price rose 5.9% to ₫51,200 over the past week.Price Target Changed • Feb 17Price target increased to ₫55,300Up from ₫51,271, the current price target is an average from 5 analysts. New target price is 8.0% above last closing price of ₫51,200. Stock is up 55% over the past year. The company is forecast to post earnings per share of ₫2,299 for next year compared to ₫1,846 last year.Reported Earnings • Feb 11Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ₫1,846 (up from ₫1,149 in FY 2020). Revenue: ₫3.21t (up 23% from FY 2020). Net income: ₫556.4b (up 63% from FY 2020). Profit margin: 17% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 9.4%. Over the next year, revenue is forecast to stay flat compared to a 41% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Price Target Changed • Jan 05Price target increased to ₫55,560Up from ₫51,271, the current price target is an average from 5 analysts. New target price is 17% above last closing price of ₫47,600. Stock is up 43% over the past year. The company is forecast to post earnings per share of ₫1,661 for next year compared to ₫1,149 last year.Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS ₫386 (vs ₫300 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫728.7b (up 5.3% from 3Q 2020). Net income: ₫126.5b (up 31% from 3Q 2020). Profit margin: 17% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS ₫432 (vs ₫322 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫751.7b (up 24% from 2Q 2020). Net income: ₫141.5b (up 48% from 2Q 2020). Profit margin: 19% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Aug 06Upcoming dividend of ₫1,200 per shareEligible shareholders must have bought the stock before 13 August 2021. Payment date: 16 September 2021. Trailing yield: 2.1%. Lower than top quartile of Vietnamese dividend payers (7.6%). Lower than average of industry peers (3.9%).Price Target Changed • Jul 09Price target increased to ₫48,086Up from ₫44,371, the current price target is an average from 7 analysts. New target price is 15% above last closing price of ₫41,850. Stock is up 118% over the past year.Price Target Changed • Jun 05Price target increased to ₫43,767Up from ₫40,540, the current price target is an average from 5 analysts. New target price is 8.7% above last closing price of ₫40,250. Stock is up 93% over the past year.Major Estimate Revision • Mar 04Analysts update estimatesThe 2021 consensus revenue estimate was lowered from ₫2.82t to ₫2.74t. Earnings per share (EPS) increased from ₫1,349 to ₫1,616 for the same period. Net income is expected to grow by 14% next year compared to 29% growth forecast for the Infrastructure industry in Vietnam. The consensus price target increased from ₫28,600 to ₫34,640. Share price is down by 2.1% to ₫32,300 over the past week.Is New 90 Day High Low • Jan 12New 90-day high: ₫36,350The company is up 53% from its price of ₫23,800 on 14 October 2020. The Vietnamese market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure 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 ₫20,294 per share.Is New 90 Day High Low • Dec 10New 90-day high: ₫30,150The company is up 28% from its price of ₫23,600 on 11 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure 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 ₫5,283 per share.Price Target Changed • Nov 20Price target raised to ₫27,450Up from ₫23,850, the current price target is an average from 4 analysts. The new target price is close to the current share price of ₫26,900. As of last close, the stock is up 12% over the past year.Is New 90 Day High Low • Nov 11New 90-day high: ₫25,250The company is up 20% from its price of ₫21,000 on 13 August 2020. The Vietnamese market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Infrastructure industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫5,037 per share.Reported Earnings • Nov 04Third quarter 2020 earnings released: EPS ₫300The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: ₫691.8b (flat on 3Q 2019). Net income: ₫96.8b (down 40% from 3Q 2019). Profit margin: 14% (down from 23% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 01New 90-day high: ₫24,100The company is up 28% from its price of ₫18,900 on 03 July 2020. The Vietnamese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫5,589 per share.お知らせ • Sep 19Khong Co acquired 1.17% stake in Gemadept Corporation (HOSE:GMD) from Recollection Pte. Ltd.Khong Co acquired 1.17% stake in Gemadept Corporation (HOSE:GMD) from Recollection Pte. Ltd. on January 25, 2018. Recollection Pte. Ltd. sold 3.35 million shares of Gemadept Corporation. Upon completion, the stake owned by Recollection Pte. Ltd. will reduce from 7.46% to 6.29% stake in Gemadept Corporation. Khong Co completed the acquisition of 1.17% stake in Gemadept Corporation (HOSE:GMD) from Recollection Pte. Ltd. on January 25, 2018.業績と収益の成長予測HOSE:GMD - 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12/31/20288,183,8662,769,5282,453,5002,390,550312/31/20277,388,8142,249,1411,924,5002,257,267912/31/20266,988,6652,439,500415,0001,844,76783/31/20266,131,4861,735,947672,9802,387,340N/A12/31/20255,956,0251,615,179465,8992,142,023N/A9/30/20255,742,6461,314,817303,0072,186,515N/A6/30/20255,446,2651,334,656592,0892,018,310N/A3/31/20255,133,6301,193,779-389,6131,214,127N/A12/31/20244,832,0251,364,26046,8911,526,823N/A9/30/20244,454,3151,285,667-886,145240,122N/A6/30/20244,188,1191,204,762-1,290,733-325,560N/A3/31/20243,919,1722,553,283-611,740113,905N/A12/31/20233,845,8262,184,310-1,180,090-2,870N/A9/30/20233,860,5822,224,894532,8572,016,599N/A6/30/20233,854,6012,214,634834,2122,639,010N/A3/31/20233,920,380857,125789,0542,625,670N/A12/31/20223,898,244914,402933,5512,299,240N/A9/30/20223,888,177923,074163,5651,199,100N/A6/30/20223,624,947805,646221,474953,580N/A3/31/20223,398,687668,680359,447835,426N/A12/31/20213,206,290563,208378,651964,817N/A9/30/20212,872,706434,198390,349915,869N/A6/30/20212,835,781404,547401,130932,202N/A3/31/20212,691,501367,645326,600677,212N/A12/31/20202,605,666341,257439,664655,364N/A9/30/20202,548,064350,164682,6501,085,466N/A6/30/20202,553,999415,379680,6771,081,337N/A3/31/20202,614,849477,272713,0381,055,027N/A12/31/20192,642,914475,666N/A1,057,440N/A9/30/20192,704,750617,078N/A638,881N/A6/30/20192,706,413601,333N/A594,309N/A3/31/20192,635,486693,296N/A535,061N/A12/31/20182,707,5561,847,718N/A545,285N/A9/30/20183,113,1531,825,559N/A447,163N/A6/30/20183,393,5321,798,064N/A485,913N/A3/31/20183,823,9571,633,036N/A613,597N/A12/31/20173,983,963467,254N/A632,877N/A9/30/20173,904,764385,876N/A866,232N/A6/30/20173,832,221363,244N/A726,307N/A3/31/20173,727,330388,204N/A739,391N/A12/31/20163,741,669360,510N/A761,518N/A9/30/20163,635,106349,204N/A830,089N/A6/30/20163,662,628356,562N/A883,460N/A3/31/20163,652,452378,036N/A818,193N/A12/31/20153,586,332370,171N/A757,217N/A9/30/20153,575,574250,119N/A432,204N/A6/30/20153,382,611180,006N/A394,006N/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: GMDの予測収益成長率 (年間10.2% ) は 貯蓄率 ( 3.2% ) を上回っています。収益対市場: GMDの収益 ( 10.2% ) VN市場 ( 13.8% ) よりも低い成長が予測されています。高成長収益: GMDの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: GMDの収益 ( 7.1% ) VN市場 ( 14.7% ) よりも低い成長が予測されています。高い収益成長: GMDの収益 ( 7.1% ) 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: GMDの 自己資本利益率 は、3年後には低くなると予測されています ( 17.3 %)。成長企業の発掘7D1Y7D1Y7D1YTransportation 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2026/05/29 11:35終値2026/05/29 00:00収益2026/03/31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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Gemadept Group Corporation 9 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。16 アナリスト機関Dan NguyenBao Viet Securities Joint Stock CompanyTram Huynh NguyenBao Viet Securities Joint Stock CompanyHuy Tran Nguyen TuongBIDV Securities Joint Stock Company13 その他のアナリストを表示
Price Target Changed • Mar 05Price target increased by 9.3% to ₫81,289Up from ₫74,340, the current price target is an average from 9 analysts. New target price is 5.2% above last closing price of ₫77,300. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₫4,930 for next year compared to ₫3,666 last year.
Major Estimate Revision • Feb 28Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₫5.79t to ₫6.02t. EPS estimate increased from ₫4,126 to ₫5,026 per share. Net income forecast to grow 21% next year vs 10% growth forecast for Infrastructure industry in Vietnam. Consensus price target up from ₫72,927 to ₫77,900. Share price rose 13% to ₫84,400 over the past week.
Price Target Changed • Nov 24Price target increased by 7.9% to ₫72,050Up from ₫66,778, the current price target is an average from 12 analysts. New target price is 15% above last closing price of ₫62,900. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of ₫3,802 for next year compared to ₫4,276 last year.
Price Target Changed • Apr 25Price target increased by 11% to ₫81,320Up from ₫73,283, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₫81,400. Stock is up 51% over the past year. The company is forecast to post earnings per share of ₫3,961 for next year compared to ₫7,207 last year.
Price Target Changed • Jan 27Price target increased by 8.0% to ₫67,683Up from ₫62,671, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₫70,100. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₫7,822 for next year compared to ₫3,034 last year.
Major Estimate Revision • May 23Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₫5,318 to ₫4,553 per share. Revenue forecast steady at ₫3.91t. Net income forecast to grow 69% next year vs 17% growth forecast for Infrastructure industry in Vietnam. Consensus price target broadly unchanged at ₫58,483. Share price was steady at ₫49,600 over the past week.
Upcoming Dividend • May 14Upcoming dividend of ₫2,200 per shareEligible shareholders must have bought the stock before 21 May 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Vietnamese dividend payers (7.9%). Lower than average of industry peers (3.2%).
お知らせ • Apr 02+ 1 more updateCJ Logistics Corporation (KOSE:A000120) agreed to acquire remaining 49.10% stake in Gemadept Logistics Holding Co Ltd from Gemadept Corporation (HOSE:GMD).CJ Logistics Corporation (KOSE:A000120) agreed to acquire remaining 49.10% stake in Gemadept Logistics Holding Co Ltd from Gemadept Corporation (HOSE:GMD) on April 1, 2026. Upon completion, CJ Logistics Corporation will own 100% stake in Gemadept Logistics Holding Co Ltd.
New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.7% 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. This is currently the only risk that has been identified for the company.
お知らせ • Mar 12Gemadept Corporation, Annual General Meeting, May 06, 2026Gemadept Corporation, Annual General Meeting, May 06, 2026.
Price Target Changed • Mar 05Price target increased by 9.3% to ₫81,289Up from ₫74,340, the current price target is an average from 9 analysts. New target price is 5.2% above last closing price of ₫77,300. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₫4,930 for next year compared to ₫3,666 last year.
Major Estimate Revision • Feb 28Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₫5.79t to ₫6.02t. EPS estimate increased from ₫4,126 to ₫5,026 per share. Net income forecast to grow 21% next year vs 10% growth forecast for Infrastructure industry in Vietnam. Consensus price target up from ₫72,927 to ₫77,900. Share price rose 13% to ₫84,400 over the past week.
Reported Earnings • Feb 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: ₫3,666. Revenue: ₫5.95t (up 23% from FY 2024). Net income: ₫1.54t (up 13% from FY 2024). Profit margin: 26% (down from 28% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10.0%. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Infrastructure industry in Asia.
Buy Or Sell Opportunity • Jan 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.8% to ₫64,000. The fair value is estimated to be ₫80,258, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 6.5%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
Price Target Changed • Nov 24Price target increased by 7.9% to ₫72,050Up from ₫66,778, the current price target is an average from 12 analysts. New target price is 15% above last closing price of ₫62,900. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of ₫3,802 for next year compared to ₫4,276 last year.
Reported Earnings • Nov 03Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: ₫690 (down from ₫994 in 3Q 2024). Revenue: ₫1.56t (up 23% from 3Q 2024). Net income: ₫315.2b (down 5.9% from 3Q 2024). Profit margin: 20% (down from 27% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Oct 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to ₫70,500. The fair value is estimated to be ₫58,188, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.1%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
Buy Or Sell Opportunity • Sep 13Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 24% to ₫69,200. The fair value is estimated to be ₫57,558, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.1%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
Reported Earnings • Jul 24Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ₫135.7b (down 88% from 2Q 2024). Net income: ₫441.5b (up 46% from 2Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Asia.
Declared Dividend • Jul 06Dividend reduced to ₫2,000Dividend of ₫2,000 is 9.1% lower than last year. Ex-date: 9th July 2025 Payment date: 17th July 2025 Dividend yield will be 3.3%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Jul 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 7.3% 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 Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (23% net profit margin).
New Risk • May 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 7.2% 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 Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (23% net profit margin).
お知らせ • May 06Gemadept Corporation, Annual General Meeting, Jun 24, 2025Gemadept Corporation, Annual General Meeting, Jun 24, 2025.
Buy Or Sell Opportunity • Apr 18Now 22% overvaluedOver the last 90 days, the stock has fallen 22% to ₫48,650. The fair value is estimated to be ₫39,798, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 8.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
Reported Earnings • Apr 08Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₫4,276 (down from ₫7,207 in FY 2023). Revenue: ₫4.83t (up 26% from FY 2023). Net income: ₫1.36t (down 38% from FY 2023). Profit margin: 28% (down from 57% in FY 2023). Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₫48,750, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Infrastructure industry in Asia. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫39,113 per share.
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (21% accrual ratio). Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (29% net profit margin).
Buy Or Sell Opportunity • Jan 02Now 21% overvaluedOver the last 90 days, the stock has fallen 14% to ₫66,200. The fair value is estimated to be ₫54,720, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.
New Risk • Dec 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 35% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (29% net profit margin). Shareholders have been diluted in the past year (35% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Oct 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₫62,800, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Infrastructure industry in Asia. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫53,129 per share.
New Risk • Aug 03New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 29% Last year net profit margin: 58% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (29% net profit margin). Shareholders have been diluted in the past year (3.0% increase in shares outstanding).
Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: ₫882 (vs ₫6,111 in 2Q 2023)Second quarter 2024 results: EPS: ₫882 (down from ₫6,111 in 2Q 2023). Revenue: ₫1.18t (up 30% from 2Q 2023). Net income: ₫303.2b (down 81% from 2Q 2023). Profit margin: 26% (down from 179% in 2Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 08Upcoming dividend of ₫2,200 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 16 August 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Vietnamese dividend payers (8.3%). Lower than average of industry peers (4.2%).
お知らせ • Jul 04Gemadept Corporation Announces Cash Dividend for 2023, Payable on August 16, 2024Gemadept Corporation announced the Board resolution dated July 02, 2024, the BOD of Gemadept Corporation approved the record date to pay the 2023 cash dividend payment as follows: Record date is July 16, 2024. Exercise ratio of 22% per share (VND 2,200 per share). Payment time: August 16, 2024.
Reported Earnings • May 02First quarter 2024 earnings released: EPS: ₫1,770 (vs ₫565 in 1Q 2023)First quarter 2024 results: EPS: ₫1,770 (up from ₫565 in 1Q 2023). Revenue: ₫1.01t (up 12% from 1Q 2023). Net income: ₫559.4b (up 232% from 1Q 2023). Profit margin: 56% (up from 19% in 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 25Price target increased by 11% to ₫81,320Up from ₫73,283, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₫81,400. Stock is up 51% over the past year. The company is forecast to post earnings per share of ₫3,961 for next year compared to ₫7,207 last year.
お知らせ • Apr 16Gemadept Corporation, Annual General Meeting, May 31, 2024Gemadept Corporation, Annual General Meeting, May 31, 2024.
New Risk • Apr 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 13% per year for the foreseeable future. High level of non-cash earnings (36% accrual ratio). Minor Risk Shareholders have been diluted in the past year (3.0% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫80,500, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Infrastructure industry in Asia. Total returns to shareholders of 167% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫45,339 per share.
Reported Earnings • Feb 01Full year 2023 earnings released: EPS: ₫7,119 (vs ₫3,034 in FY 2022)Full year 2023 results: EPS: ₫7,119 (up from ₫3,034 in FY 2022). Revenue: ₫3.85t (down 1.3% from FY 2022). Net income: ₫2.22t (up 143% from FY 2022). Profit margin: 58% (up from 24% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jan 27Price target increased by 8.0% to ₫67,683Up from ₫62,671, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₫70,100. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₫7,822 for next year compared to ₫3,034 last year.
Reported Earnings • Nov 05Third quarter 2023 earnings released: EPS: ₫738 (vs ₫744 in 3Q 2022)Third quarter 2023 results: EPS: ₫738. Revenue: ₫997.9b (flat on 3Q 2022). Net income: ₫254.1b (up 4.2% from 3Q 2022). Profit margin: 26% (in line with 3Q 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Infrastructure industry in Asia.
Board Change • Oct 10No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Chairman of the Board Nhan Van Do was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Sep 09Gemadept Corporation Announces Cash Dividend of 2022, Payable on September 29, 2023Gemadept Corporation announced cash dividend of 20%/par value (VND 2,000/share) for 2022, payable on September 29, 2023 with record as September 22, 2023.
お知らせ • Jul 12Gemadept Corporation Announces Termination of Operation of BranchGemadept Corporation announced on July 6, 2023, the termination of operation of Da Nang branch at No.39 Quang Trung, Hai Chau I ward, Da Nang.
お知らせ • Jun 15+ 3 more updatesGemadept Corporation Announces Management ChangesGemadept Corporation announced that the appointment of Mr. Do Van Nhan as Chairman of the BOD, Mr. Chu Duc Khang as Deputy Chairman of the BOD, Mr. Vu Ninh as The person in charge of corporate governance, Mr. Do Cong Khanh, Nguyen The Dung, Pham Quoc Long as Deputy CEO, Mrs. Bui Thi Thu Huong as Head of the Financial Department. The effective date of change is June 12, 2023. Term is 2023 to 2028.
Major Estimate Revision • May 23Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₫5,318 to ₫4,553 per share. Revenue forecast steady at ₫3.91t. Net income forecast to grow 69% next year vs 17% growth forecast for Infrastructure industry in Vietnam. Consensus price target broadly unchanged at ₫58,483. Share price was steady at ₫49,600 over the past week.
Reported Earnings • May 09First quarter 2023 earnings released: EPS: ₫617 (vs ₫832 in 1Q 2022)First quarter 2023 results: EPS: ₫617 (down from ₫832 in 1Q 2022). Revenue: ₫902.0b (up 2.5% from 1Q 2022). Net income: ₫202.2b (down 12% from 1Q 2022). Profit margin: 22% (down from 26% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 38% per year.
Major Estimate Revision • Mar 09Consensus EPS estimates increase by 14%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₫4.03t to ₫3.94t. EPS estimate rose from ₫4,024 to ₫4,568. Net income forecast to grow 69% next year vs 12% growth forecast for Infrastructure industry in Vietnam. Consensus price target broadly unchanged at ₫58,500. Share price was steady at ₫51,300 over the past week.
Reported Earnings • Feb 05Full year 2022 earnings released: EPS: ₫3,037 (vs ₫1,869 in FY 2021)Full year 2022 results: EPS: ₫3,037 (up from ₫1,869 in FY 2021). Revenue: ₫3.92t (up 22% from FY 2021). Net income: ₫915.4b (up 63% from FY 2021). Profit margin: 23% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 11An unknown buyer agreed to acquire all shares in Nam Hai Dinh Vu Port Joint Stock Company from Gemadept Corporation (HOSE:GMD).An unknown buyer agreed to acquire all shares in Nam Hai Dinh Vu Port Joint Stock Company from Gemadept Corporation (HOSE:GMD) on December 19, 2022. The transaction was approved by Gemadept Corporation (HOSE:GMD) board of director.
Price Target Changed • Jan 03Price target decreased to ₫58,400Down from ₫63,014, the current price target is an average from 8 analysts. New target price is 29% above last closing price of ₫45,400. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of ₫2,916 for next year compared to ₫1,869 last year.
Buying Opportunity • Dec 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.1%. The fair value is estimated to be ₫59,024, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings is also forecast to grow by 16% per annum over the same time period.
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. 12 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). Member of Board of Management David Do was the last director to join the board, commencing their role in 2018. 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 • Oct 31Third quarter 2022 earnings released: EPS: ₫744 (vs ₫386 in 3Q 2021)Third quarter 2022 results: EPS: ₫744 (up from ₫386 in 3Q 2021). Revenue: ₫991.9b (up 36% from 3Q 2021). Net income: ₫243.9b (up 93% from 3Q 2021). Profit margin: 25% (up from 17% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 20% per year.
お知らせ • Oct 04Gemadept Corporation Announces Cash Dividend of 2021, Payable on October 25, 2022Gemadept Corporation announced cash dividend of 12%/par value (VND 1,200/share) for 2021, payable on October 25, 2022 with record as October 10, 2022. Ex-right date: October 7, 2022.
お知らせ • Sep 30Gemadept Corporation Announces Cash Dividend for 2021Gemadept Corporation announced cash dividend of 12%/par value (VND 1,200/share) for 2021, payable on October 25, 2022 with record as October 25, 2022.
Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: ₫878 (vs ₫436 in 2Q 2021)Second quarter 2022 results: EPS: ₫878 (up from ₫436 in 2Q 2021). Revenue: ₫977.9b (up 30% from 2Q 2021). Net income: ₫287.9b (up 119% from 2Q 2021). Profit margin: 29% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 54% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₫46,050, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Infrastructure industry in Asia. Total returns to shareholders of 94% over the past three years.
Major Estimate Revision • Jun 10Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₫3.46t to ₫3.54t. EPS estimate increased from ₫2,479 to ₫2,769 per share. Net income forecast to grow 36% next year vs 12% growth forecast for Infrastructure industry in Vietnam. Consensus price target up from ₫58,820 to ₫60,820. Share price fell 6.0% to ₫55,000 over the past week.
Price Target Changed • May 12Price target increased to ₫58,820Up from ₫54,717, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₫56,500. Stock is up 55% over the past year. The company is forecast to post earnings per share of ₫2,543 for next year compared to ₫1,869 last year.
Buying Opportunity • May 09Now 20% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be ₫67,161, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 6.8%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 37% in the next 2 years.
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. 12 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). Member of Board of Management David Do was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Apr 14Gemadept Corporation Announces Resignation of Ha Thu Hien as Member of the Board of DirectorsGemadept Corporation announced resignation of Ha Thu Hien as Member of the Board of Directors. Date of resignation letter: April 04, 2022.
Major Estimate Revision • Feb 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ₫2,299 to ₫2,675. Revenue forecast steady at ₫3.16t. Net income forecast to grow 45% next year vs 12% growth forecast for Infrastructure industry in Vietnam. Consensus price target broadly unchanged at ₫55,300. Share price rose 5.9% to ₫51,200 over the past week.
Price Target Changed • Feb 17Price target increased to ₫55,300Up from ₫51,271, the current price target is an average from 5 analysts. New target price is 8.0% above last closing price of ₫51,200. Stock is up 55% over the past year. The company is forecast to post earnings per share of ₫2,299 for next year compared to ₫1,846 last year.
Reported Earnings • Feb 11Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ₫1,846 (up from ₫1,149 in FY 2020). Revenue: ₫3.21t (up 23% from FY 2020). Net income: ₫556.4b (up 63% from FY 2020). Profit margin: 17% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 9.4%. Over the next year, revenue is forecast to stay flat compared to a 41% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Price Target Changed • Jan 05Price target increased to ₫55,560Up from ₫51,271, the current price target is an average from 5 analysts. New target price is 17% above last closing price of ₫47,600. Stock is up 43% over the past year. The company is forecast to post earnings per share of ₫1,661 for next year compared to ₫1,149 last year.
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS ₫386 (vs ₫300 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫728.7b (up 5.3% from 3Q 2020). Net income: ₫126.5b (up 31% from 3Q 2020). Profit margin: 17% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS ₫432 (vs ₫322 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫751.7b (up 24% from 2Q 2020). Net income: ₫141.5b (up 48% from 2Q 2020). Profit margin: 19% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Aug 06Upcoming dividend of ₫1,200 per shareEligible shareholders must have bought the stock before 13 August 2021. Payment date: 16 September 2021. Trailing yield: 2.1%. Lower than top quartile of Vietnamese dividend payers (7.6%). Lower than average of industry peers (3.9%).
Price Target Changed • Jul 09Price target increased to ₫48,086Up from ₫44,371, the current price target is an average from 7 analysts. New target price is 15% above last closing price of ₫41,850. Stock is up 118% over the past year.
Price Target Changed • Jun 05Price target increased to ₫43,767Up from ₫40,540, the current price target is an average from 5 analysts. New target price is 8.7% above last closing price of ₫40,250. Stock is up 93% over the past year.
Major Estimate Revision • Mar 04Analysts update estimatesThe 2021 consensus revenue estimate was lowered from ₫2.82t to ₫2.74t. Earnings per share (EPS) increased from ₫1,349 to ₫1,616 for the same period. Net income is expected to grow by 14% next year compared to 29% growth forecast for the Infrastructure industry in Vietnam. The consensus price target increased from ₫28,600 to ₫34,640. Share price is down by 2.1% to ₫32,300 over the past week.
Is New 90 Day High Low • Jan 12New 90-day high: ₫36,350The company is up 53% from its price of ₫23,800 on 14 October 2020. The Vietnamese market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure 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 ₫20,294 per share.
Is New 90 Day High Low • Dec 10New 90-day high: ₫30,150The company is up 28% from its price of ₫23,600 on 11 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure 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 ₫5,283 per share.
Price Target Changed • Nov 20Price target raised to ₫27,450Up from ₫23,850, the current price target is an average from 4 analysts. The new target price is close to the current share price of ₫26,900. As of last close, the stock is up 12% over the past year.
Is New 90 Day High Low • Nov 11New 90-day high: ₫25,250The company is up 20% from its price of ₫21,000 on 13 August 2020. The Vietnamese market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Infrastructure industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫5,037 per share.
Reported Earnings • Nov 04Third quarter 2020 earnings released: EPS ₫300The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: ₫691.8b (flat on 3Q 2019). Net income: ₫96.8b (down 40% from 3Q 2019). Profit margin: 14% (down from 23% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 01New 90-day high: ₫24,100The company is up 28% from its price of ₫18,900 on 03 July 2020. The Vietnamese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫5,589 per share.
お知らせ • Sep 19Khong Co acquired 1.17% stake in Gemadept Corporation (HOSE:GMD) from Recollection Pte. Ltd.Khong Co acquired 1.17% stake in Gemadept Corporation (HOSE:GMD) from Recollection Pte. Ltd. on January 25, 2018. Recollection Pte. Ltd. sold 3.35 million shares of Gemadept Corporation. Upon completion, the stake owned by Recollection Pte. Ltd. will reduce from 7.46% to 6.29% stake in Gemadept Corporation. Khong Co completed the acquisition of 1.17% stake in Gemadept Corporation (HOSE:GMD) from Recollection Pte. Ltd. on January 25, 2018.