Petrovietnam Camau Fertilizer (HOSE:DCM) - Share price, News & Analysis

DCM fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	6/6
Financial Health	6/6
Dividends	3/6

DCM Stock Overview

Petrovietnam Camau Fertilizer Joint Stock Company produces and trades in fertilizers for agriculture and oil and gas industries in Vietnam.

Rewards

Trading at 87.4% below our estimate of its fair value

Earnings grew by 389.7% over the past year

Risk Analysis

Unstable dividend track record

Volatile share price over the past 3 months

Petrovietnam Camau Fertilizer Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Petrovietnam Camau Fertilizer
Historical stock prices
Current Share Price	₫26,100.00
52 Week High	₫49,450.00
52 Week Low	₫15,900.00
Beta	0.50
1 Month Change	-38.95%
3 Month Change	-14.98%
1 Year Change	57.23%
3 Year Change	203.49%
5 Year Change	100.77%
Change since IPO	91.91%

Shareholder Returns

	DCM	VN Chemicals	VN Market
7D	-15.8%	-14.4%	-7.4%
1Y	57.2%	11.0%	-6.8%

Return vs Industry: DCM exceeded the VN Chemicals industry which returned 11% over the past year.

Return vs Market: DCM exceeded the VN Market which returned -6.8% over the past year.

Price Volatility

Is DCM's price volatile compared to industry and market?
DCM volatility
DCM Average Weekly Movement	10.3%
Chemicals Industry Average Movement	9.1%
Market Average Movement	7.3%
10% most volatile stocks in VN Market	10.7%
10% least volatile stocks in VN Market	4.3%

Stable Share Price: DCM is more volatile than 75% of VN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: DCM's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of VN stocks.

About the Company

Founded	Employees	CEO	Website
n/a	1,241	Thanh Van	https://www.pvcfc.com.vn

Petrovietnam Camau Fertilizer Joint Stock Company produces and trades in fertilizers for agriculture and oil and gas industries in Vietnam. It is also involved in the manufacturing and selling of nitrogen compound and basic chemicals; repairing and maintaining of machinery and equipment; and warehousing, storage, and unloading of goods. In addition, the company engages in the architectural activities; and studying and developing of experiments in natural sciences and engineering, technical testing, and analysis, as well as provides consultancy services for fertilizers and chemicals technology.

Petrovietnam Camau Fertilizer Fundamentals Summary

How do Petrovietnam Camau Fertilizer's earnings and revenue compare to its market cap?
DCM fundamental statistics
Market Cap	₫13.82t
Earnings (TTM)	₫2.99t
Revenue (TTM)	₫12.07t

4.6x

P/E Ratio

1.1x

P/S Ratio

Is DCM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DCM income statement (TTM)
Revenue	₫12.07t
Cost of Revenue	₫7.58t
Gross Profit	₫4.49t
Other Expenses	₫1.50t
Earnings	₫2.99t

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	5.64k
Gross Margin	37.20%
Net Profit Margin	24.75%
Debt/Equity Ratio	5.8%

How did DCM perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

18%

Payout Ratio

Valuation

Is Petrovietnam Camau Fertilizer undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: DCM (₫26100) is trading below our estimate of fair value (₫206620.31)

Significantly Below Fair Value: DCM is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: DCM is good value based on its PE Ratio (4.6x) compared to the VN Chemicals industry average (10.7x).

PE vs Market: DCM is good value based on its PE Ratio (4.6x) compared to the VN market (12.3x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DCM's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: DCM is overvalued based on its PB Ratio (1.5x) compared to the VN Chemicals industry average (1.4x).

Future Growth

How is Petrovietnam Camau Fertilizer forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

13.8%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Petrovietnam Camau Fertilizer has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Petrovietnam Camau Fertilizer performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

23.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DCM has high quality earnings.

Growing Profit Margin: DCM's current net profit margins (24.7%) are higher than last year (7.5%).

Past Earnings Growth Analysis

Earnings Trend: DCM's earnings have grown significantly by 23% per year over the past 5 years.

Accelerating Growth: DCM's earnings growth over the past year (389.7%) exceeds its 5-year average (23% per year).

Earnings vs Industry: DCM earnings growth over the past year (389.7%) exceeded the Chemicals industry 33.4%.

Return on Equity

High ROE: DCM's Return on Equity (35.6%) is considered high.

Financial Health

How is Petrovietnam Camau Fertilizer's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: DCM's short term assets (₫9,491.4B) exceed its short term liabilities (₫3,384.1B).

Long Term Liabilities: DCM's short term assets (₫9,491.4B) exceed its long term liabilities (₫585.1B).

Debt to Equity History and Analysis

Debt Level: DCM has more cash than its total debt.

Reducing Debt: DCM's debt to equity ratio has reduced from 89% to 5.8% over the past 5 years.

Debt Coverage: DCM's debt is well covered by operating cash flow (763.3%).

Interest Coverage: DCM earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Petrovietnam Camau Fertilizer current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.83%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DCM's dividend (3.83%) is higher than the bottom 25% of dividend payers in the VN market (3.03%).

High Dividend: DCM's dividend (3.83%) is low compared to the top 25% of dividend payers in the VN market (7.54%).

Stability and Growth of Payments

Stable Dividend: DCM has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: DCM's dividend payments have increased, but the company has only paid a dividend for 6 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (17.7%), DCM's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (13.8%), DCM's dividend payments are thoroughly covered by cash flows.

Next Steps

Explore strong dividend paying companies in the Materials industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average board tenure

CEO

Thanh Van (53 yo)

3.92yrs

Tenure

Mr. Van Tien Thanh has been General Director of PetroVietnam Camau Fertilizer Joint Stock Company since June 2018 and is its Member of Management Board and Director. Mr. Thanh Mr. Van served as Deputy Gene...

Board Members

Experienced Board: DCM's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/17 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31