Dong A Paint Valuation

Is HDA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HDA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate HDA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HDA's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HDA?

Key metric: As HDA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HDA. This is calculated by dividing HDA's market cap by their current revenue.
What is HDA's PS Ratio?
PS Ratio	0.5x
Sales	₫223.06b
Market Cap	₫104.88b

HDA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	13.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does HDA's PS Ratio compare to its peers?

The above table shows the PS ratio for HDA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.9x
SDN Dong Nai Paint	0.9x	n/a	₫101.7b
AMC Asia Mineral	0.3x	n/a	₫47.0b
HRC Hoa Binh Rubber	6x	n/a	₫1.3t
PLC Petrolimex Petrochemical Corporation -	0.2x	n/a	₫1.7t
HDA Dong A Paint	0.5x	n/a	₫104.9b

Price-To-Sales vs Peers: HDA is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does HDA's PS Ratio compare vs other companies in the VN Chemicals Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
PSE South-East PetroVietnam Fertilizer and Chemicals	0.04x	n/a	US$4.63m
PMB North PetroVietnam Fertilizer & Chemicals	0.05x	n/a	US$4.40m
SPC SaiGon Plant Protection	0.09x	n/a	US$3.49m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: HDA is good value based on its Price-To-Sales Ratio (0.5x) compared to the VN Chemicals industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is HDA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HDA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate HDA's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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