Board Change • Jul 07
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Vice Chairman Ngoc Vo 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. Board Change • Jun 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Vice Chairman Ngoc Vo 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. Reported Earnings • May 11
First quarter 2026 earnings released: ₫77.00 loss per share (vs ₫19.07 profit in 1Q 2025) First quarter 2026 results: ₫77.00 loss per share (down from ₫19.07 profit in 1Q 2025). Revenue: ₫14.7b (up 108% from 1Q 2025). Net loss: ₫739.5m (down ₫922.4m from profit in 1Q 2025). Announcement • Mar 02
Danang Housing Development Joint Stock Company, Annual General Meeting, Apr 18, 2026 Danang Housing Development Joint Stock Company, Annual General Meeting, Apr 18, 2026. Location: haian riverfront danang hotel,182 bach dang street, hai chau ward, da nang Vietnam New Risk • Jun 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Cash payout ratio: 153% Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (₫48.9b market cap, or US$1.86m). Minor Risk Revenue is less than US$5m (₫35b revenue, or US$1.3m). New Risk • Apr 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (₫44.1b market cap, or US$1.72m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (0.3% net profit margin). Revenue is less than US$5m (₫49b revenue, or US$1.9m). Announcement • Mar 05
Danang Housing Development Joint Stock Company, Annual General Meeting, Apr 26, 2025 Danang Housing Development Joint Stock Company, Annual General Meeting, Apr 26, 2025. Location: bamboo green hotel, 158 phan chu trinh, da nang Vietnam New Risk • Jan 31
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue has declined by 30% over the past year. Market cap is less than US$10m (₫50.9b market cap, or US$2.04m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.3% net profit margin). New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 4.9% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (₫53.9b market cap, or US$2.10m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.9% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Revenue is less than US$5m (₫125b revenue, or US$4.9m). New Risk • Apr 17
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₫125b (US$4.9m) This is considered a minor risk. Companies with a small amount of revenue 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (₫61.9b market cap, or US$2.41m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.3% net profit margin). Revenue is less than US$5m (₫125b revenue, or US$4.9m). Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: ₫435 (vs ₫994 in FY 2022) Full year 2023 results: EPS: ₫435 (down from ₫994 in FY 2022). Revenue: ₫125.1b (down 30% from FY 2022). Net income: ₫4.17b (down 56% from FY 2022). Profit margin: 3.3% (down from 5.3% in FY 2022). The decrease in margin was driven by lower revenue. Buy Or Sell Opportunity • Jan 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to ₫6,400. The fair value is estimated to be ₫8,122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last year. Earnings per share has declined by 23%. Buying Opportunity • Jan 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.9%. The fair value is estimated to be ₫8,090, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last year. Earnings per share has declined by 23%. Buying Opportunity • Dec 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be ₫7,928, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last year. Earnings per share has declined by 23%. Buying Opportunity • Nov 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be ₫7,902, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last year. Earnings per share has declined by 23%. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫6,700, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 15x in the Construction industry in Vietnam. Total loss to shareholders of 33% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Luong Vien was the last director to join the board, commencing their role in 2015. 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 30
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: ₫68.7b (up 275% from 3Q 2021). Net income: ₫4.78b (up 333% from 3Q 2021). Profit margin: 7.0% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫5,500, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 11x in the Construction industry in Vietnam. Total loss to shareholders of 46% over the past three years. Upcoming Dividend • Aug 05
Upcoming dividend of ₫450 per share Eligible shareholders must have bought the stock before 12 August 2022. Payment date: 31 August 2022. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (4.3%). Reported Earnings • Jul 26
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ₫56.7b (up 40% from 2Q 2021). Net income: ₫1.58b (down 59% from 2Q 2021). Profit margin: 2.8% (down from 9.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 27
First quarter 2022 earnings released First quarter 2022 results: Revenue: ₫16.1b (down 56% from 1Q 2021). Net income: ₫3.15b (up 198% from 1Q 2021). Profit margin: 20% (up from 2.9% in 1Q 2021). The increase in margin was driven by lower 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 13% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Luong Vien was the last director to join the board, commencing their role in 2015. 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 • Apr 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₫7,600, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 26x in the Construction industry in Vietnam. Total loss to shareholders of 26% over the past three years. Reported Earnings • Jan 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₫550 (down from ₫873 in FY 2020). Revenue: ₫129.5b (up 164% from FY 2020). Net income: ₫5.50b (up 12% from FY 2020). Profit margin: 4.2% (down from 10.0% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 53% 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. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 24% share price gain to ₫14,800, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 23x in the Construction industry in Vietnam. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 19% share price gain to ₫10,500, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 17x in the Construction industry in Vietnam. Total returns to shareholders of 6.5% over the past three years. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫8,200, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 14x in the Construction industry in Vietnam. Total loss to shareholders of 23% over the past three years. Upcoming Dividend • Jun 10
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 17 June 2021. Payment date: 30 June 2021. Trailing yield: 8.6%. Within top quartile of Vietnamese dividend payers (7.6%). Higher than average of industry peers (3.0%). Upcoming Dividend • May 25
Inaugural dividend of ₫800 per share Eligible shareholders must have bought the stock before 01 June 2021. Payment date: 30 June 2021. This is the first dividend for Danang Housing Development since going public. The average dividend yield among industry peers is 3.1%. Reported Earnings • Apr 25
First quarter 2021 earnings released The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: ₫36.2b (up 290% from 1Q 2020). Net income: ₫1.06b (up 111% from 1Q 2020). Profit margin: 2.9% (down from 5.4% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 16% share price gain to ₫10,100, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 17x in the Construction industry in Vietnam. Total loss to shareholders of 1.6% over the past three years. Reported Earnings • Feb 07
Full year 2020 earnings released: EPS ₫873 (vs ₫1,425 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: ₫49.1b (down 55% from FY 2019). Net income: ₫4.89b (down 40% from FY 2019). Profit margin: 10.0% (up from 7.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 42% 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. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₫7,500, the stock is trading at a trailing P/E ratio of 8.6x, down from the previous P/E ratio of 10.3x. This compares to an average P/E of 13x in the Construction industry in Vietnam. Total return to shareholders over the past three years is a loss of 21%. Is New 90 Day High Low • Feb 02
New 90-day low: ₫7,500 The company is down 19% from its price of ₫9,300 on 03 November 2020. The Vietnamese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 30% over the same period. Reported Earnings • Jan 27
Full year 2020 earnings released: EPS ₫873 (vs ₫1,425 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: ₫48.7b (down 55% from FY 2019). Net income: ₫4.97b (down 39% from FY 2019). Profit margin: 10% (up from 7.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 23
New 90-day low: ₫8,400 The company is down 18% from its price of ₫10,300 on 24 September 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: ₫8,500 The company is down 21% from its price of ₫10,700 on 08 September 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 14% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: ₫8,900 The company is down 26% from its price of ₫12,100 on 31 July 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 26% over the same period. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫3.06b, down 68% from the prior year. Total revenue was ₫40.3b over the last 12 months, down 76% from the prior year. Is New 90 Day High Low • Oct 07
New 90-day low: ₫9,700 The company is down 25% from its price of ₫12,900 on 09 July 2020. The Vietnamese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 22% over the same period.