company background image
DHC

Dong Hai Ben TreHOSE:DHC Stock Report

Market Cap

₫6.5t

7D

1.4%

1Y

153.5%

Updated

27 Oct, 2021

Data

Company Financials +
DHC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance6/6
Financial Health5/6
Dividends3/6

DHC Overview

Dong Hai Joint Stock Company of Ben Tre manufactures and sells kraft paper, carton paper, and carton package products in Vietnam.

Price History & Performance

Summary of all time highs, changes and price drops for Dong Hai Ben Tre
Historical stock prices
Current Share Price₫93,300.00
52 Week High₫36,240.00
52 Week Low₫96,800.00
Beta0.77
1 Month Change12.55%
3 Month Change12.82%
1 Year Change153.53%
3 Year Change319.85%
5 Year Change379.83%
Change since IPO1,505.81%

Recent News & Updates

Shareholder Returns

DHCVN ForestryVN Market
7D1.4%4.0%-0.2%
1Y153.5%48.3%48.7%

Return vs Industry: DHC exceeded the VN Forestry industry which returned 48.3% over the past year.

Return vs Market: DHC exceeded the VN Market which returned 48.7% over the past year.

Price Volatility

Is DHC's price volatile compared to industry and market?
DHC volatility
DHC Beta0.77
Industry Beta0.81
Market Beta1

Stable Share Price: DHC is less volatile than 75% of VN stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: DHC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994557Le Phuonghttps://www.dohacobentre.com.vn

Dong Hai Joint Stock Company of Ben Tre manufactures and sells kraft paper, carton paper, and carton package products in Vietnam. The company offers 3 layers, 5 layers, and 7 layers carton packages and boxes. It also engages in seafood import and export of agricultural products; aquaculture business; and seafood processing activities, as well as offers marine products.

Dong Hai Ben Tre Fundamentals Summary

How do Dong Hai Ben Tre's earnings and revenue compare to its market cap?
DHC fundamental statistics
Market Cap₫6.51t
Earnings (TTM)₫524.17b
Revenue (TTM)₫3.66t

12.5x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DHC income statement (TTM)
Revenue₫3.66t
Cost of Revenue₫2.96t
Gross Profit₫700.48b
Expenses₫176.31b
Earnings₫524.17b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.49k
Gross Margin19.12%
Net Profit Margin14.30%
Debt/Equity Ratio24.4%

How did DHC perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

5%

Payout Ratio

Valuation

Is Dong Hai Ben Tre undervalued compared to its fair value and its price relative to the market?

12.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DHC (₫93300) is trading above our estimate of fair value (₫70297.91)

Significantly Below Fair Value: DHC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DHC is good value based on its PE Ratio (12.5x) compared to the Asian Forestry industry average (14.2x).

PE vs Market: DHC is good value based on its PE Ratio (12.5x) compared to the VN market (15x).


Price to Earnings Growth Ratio

PEG Ratio: DHC is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: DHC is overvalued based on its PB Ratio (4.2x) compared to the XA Forestry industry average (1x).


Future Growth

How is Dong Hai Ben Tre forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

12.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DHC's forecast earnings growth (12.5% per year) is above the savings rate (4.2%).

Earnings vs Market: DHC's earnings (12.5% per year) are forecast to grow slower than the VN market (20.1% per year).

High Growth Earnings: DHC's earnings are forecast to grow, but not significantly.

Revenue vs Market: DHC's revenue (7.9% per year) is forecast to grow slower than the VN market (16.4% per year).

High Growth Revenue: DHC's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DHC's Return on Equity is forecast to be high in 3 years time (29%)


Past Performance

How has Dong Hai Ben Tre performed over the past 5 years?

42.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DHC has high quality earnings.

Growing Profit Margin: DHC's current net profit margins (14.3%) are higher than last year (13%).


Past Earnings Growth Analysis

Earnings Trend: DHC's earnings have grown significantly by 42.3% per year over the past 5 years.

Accelerating Growth: DHC's earnings growth over the past year (74.7%) exceeds its 5-year average (42.3% per year).

Earnings vs Industry: DHC earnings growth over the past year (74.7%) exceeded the Forestry industry 42.6%.


Return on Equity

High ROE: DHC's Return on Equity (33.3%) is considered high.


Financial Health

How is Dong Hai Ben Tre's financial position?


Financial Position Analysis

Short Term Liabilities: DHC's short term assets (₫1,273.6B) exceed its short term liabilities (₫884.5B).

Long Term Liabilities: DHC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: DHC's debt to equity ratio (24.4%) is considered satisfactory.

Reducing Debt: DHC's debt to equity ratio has increased from 6.9% to 24.4% over the past 5 years.

Debt Coverage: DHC's debt is well covered by operating cash flow (113.1%).

Interest Coverage: DHC's interest payments on its debt are well covered by EBIT (22.6x coverage).


Balance Sheet


Dividend

What is Dong Hai Ben Tre current dividend yield, its reliability and sustainability?

2.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DHC's dividend (2.14%) isn’t notable compared to the bottom 25% of dividend payers in the VN market (2.49%).

High Dividend: DHC's dividend (2.14%) is low compared to the top 25% of dividend payers in the VN market (6.21%).


Stability and Growth of Payments

Stable Dividend: DHC's dividend payments have been volatile in the past 10 years.

Growing Dividend: DHC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (5.3%), DHC's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DHC's dividends in 3 years are forecast to be well covered by earnings (28.5% payout ratio).


Next Steps

Management

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

8.3yrs

Average management tenure


CEO

Le Phuong

8.25yrs

Tenure

Mr. Le Ba Phuong has been the Chief Executive Officer of Dong Hai Joint Stock Company of Ben Tre since July 12, 2013. Mr. Phuong served as a Deputy Chief Executive Officer of Dong Hai Joint Stock Company o...


Leadership Team

Experienced Management: DHC's management team is seasoned and experienced (8.3 years average tenure).


Board Members

Experienced Board: DHC's board of directors are considered experienced (8.9 years average tenure).


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.


Top Shareholders

Company Information

Dong Hai Joint Stock Company of Ben Tre's employee growth, exchange listings and data sources


Key Information

  • Name: Dong Hai Joint Stock Company of Ben Tre
  • Ticker: DHC
  • Exchange: HOSE
  • Founded: 1994
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: ₫6.509t
  • Shares outstanding: 69.99m
  • Website: https://www.dohacobentre.com.vn

Number of Employees


Location

  • Dong Hai Joint Stock Company of Ben Tre
  • Lot AIII
  • Giao Long Industrial Zone
  • Chau Thanh
  • Vietnam

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 10:09
End of Day Share Price2021/10/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.