Board Change • Jul 22
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 (6 non-independent directors). Member of Control Committee Tinh Duc Vu 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 19
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 (6 non-independent directors). Member of Control Committee Tinh Duc Vu 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 • Apr 25
First quarter 2026 earnings released: EPS: ₫425 (vs ₫365 in 1Q 2025) First quarter 2026 results: EPS: ₫425 (up from ₫365 in 1Q 2025). Revenue: ₫64.1b (up 6.9% from 1Q 2025). Net income: ₫1.69b (up 17% from 1Q 2025). Profit margin: 2.6% (up from 2.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 13
Upcoming dividend of ₫1,500 per share Eligible shareholders must have bought the stock before 20 March 2026. Payment date: 11 May 2026. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 7.5%. Lower than top quartile of Vietnamese dividend payers (7.7%). Lower than average of industry peers (9.1%). Declared Dividend • Feb 14
Dividend of ₫1,500 announced Shareholders will receive a dividend of ₫1,500. Ex-date: 20th March 2026 Payment date: 11th May 2026 Dividend yield will be 7.8%, which is higher than the industry average of 7.2%. Sustainability & Growth Dividend is covered by earnings (73% 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 5.4% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 18% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.4% EPS decline seen over the last 5 years. Announcement • Feb 12
Art Design and Communication Joint Stock Company, Annual General Meeting, Apr 22, 2026 Art Design and Communication Joint Stock Company, Annual General Meeting, Apr 22, 2026. Location: diamond flower building, land lot cl, trung hoa nhan chinh urban area, yen hoa ward, hanoi Vietnam Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫23,400, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 11x in the Media industry in Vietnam. Total returns to shareholders of 86% over the past three years. Buy Or Sell Opportunity • Jan 29
Now 28% overvalued The stock has been flat over the last 90 days, currently trading at ₫23,400. The fair value is estimated to be ₫18,228, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.7% over the last 3 years. Earnings per share has declined by 5.8%. Reported Earnings • Jan 28
Full year 2025 earnings released: EPS: ₫2,905 (vs ₫2,808 in FY 2024) Full year 2025 results: EPS: ₫2,905 (up from ₫2,808 in FY 2024). Revenue: ₫367.3b (down 11% from FY 2024). Net income: ₫11.6b (up 3.4% from FY 2024). Profit margin: 3.1% (up from 2.7% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫22,000, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 11x in the Media industry in Vietnam. Total returns to shareholders of 54% over the past three years. Board Change • Dec 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman Le Dinh was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman Le Dinh was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₫23,600, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 8x in the Media industry in Vietnam. Total returns to shareholders of 43% over the past three years. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: ₫365 (vs ₫461 in 1Q 2024) First quarter 2025 results: EPS: ₫365 (down from ₫461 in 1Q 2024). Revenue: ₫59.9b (down 21% from 1Q 2024). Net income: ₫1.45b (down 21% from 1Q 2024). Profit margin: 2.4% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 11
Art Design and Communication Joint Stock Company, Annual General Meeting, Apr 25, 2025 Art Design and Communication Joint Stock Company, Annual General Meeting, Apr 25, 2025. Location: diamond flower building, lot c1 trung hoa nhan, chinh urban area, nhan chinh ward, thanh xuan district, hanoi Vietnam Declared Dividend • Mar 10
Dividend of ₫1,500 announced Shareholders will receive a dividend of ₫1,500. Ex-date: 26th March 2025 Payment date: 15th May 2025 Dividend yield will be 7.1%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 6.8% per year over the past 4 years and payments have been stable during that time. Reported Earnings • Jan 28
Full year 2024 earnings released: EPS: ₫3,539 (vs ₫3,576 in FY 2023) Full year 2024 results: EPS: ₫3,539 (down from ₫3,576 in FY 2023). Revenue: ₫411.8b (down 4.6% from FY 2023). Net income: ₫14.1b (down 1.0% from FY 2023). Profit margin: 3.4% (up from 3.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: ₫1,022 (vs ₫1,055 in 3Q 2023) Third quarter 2024 results: EPS: ₫1,022 (down from ₫1,055 in 3Q 2023). Revenue: ₫133.1b (flat on 3Q 2023). Net income: ₫4.07b (down 3.1% from 3Q 2023). Profit margin: 3.1% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 20
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ₫21,900. The fair value is estimated to be ₫17,242, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: ₫848 (vs ₫804 in 2Q 2023) Second quarter 2024 results: EPS: ₫848 (up from ₫804 in 2Q 2023). Revenue: ₫88.8b (down 10% from 2Q 2023). Net income: ₫3.38b (up 5.6% from 2Q 2023). Profit margin: 3.8% (up from 3.2% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 07
Now 20% overvalued Over the last 90 days, the stock has fallen 1.1% to ₫18,300. The fair value is estimated to be ₫15,244, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 9.7%. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: ₫461 (vs ₫622 in 1Q 2023) First quarter 2024 results: EPS: ₫461 (down from ₫622 in 1Q 2023). Revenue: ₫75.8b (down 13% from 1Q 2023). Net income: ₫1.83b (down 26% from 1Q 2023). Profit margin: 2.4% (down from 2.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 13
Upcoming dividend of ₫1,500 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 7.9%. Lower than top quartile of Vietnamese dividend payers (8.6%). Higher than average of industry peers (2.6%). Declared Dividend • Feb 28
Dividend of ₫1,500 announced Shareholders will receive a dividend of ₫1,500. Ex-date: 20th March 2024 Payment date: 10th May 2024 Dividend yield will be 8.2%, which is higher than the industry average of 7.2%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Feb 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. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Executive Director Le Huy was the last director to join the board, commencing their role in 2017. 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 • Jan 25
Full year 2023 earnings released: EPS: ₫3,576 (vs ₫2,645 in FY 2022) Full year 2023 results: EPS: ₫3,576 (up from ₫2,645 in FY 2022). Revenue: ₫431.7b (up 11% from FY 2022). Net income: ₫14.2b (up 8.2% from FY 2022). Profit margin: 3.3% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: ₫1,055 (vs ₫872 in 3Q 2022) Third quarter 2023 results: EPS: ₫1,055. Revenue: ₫133.4b (up 5.2% from 3Q 2022). Net income: ₫4.20b (down 19% from 3Q 2022). Profit margin: 3.1% (down from 4.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫20,000, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 18x in the Media industry in Asia. Total returns to shareholders of 120% over the past three years. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: ₫804 (vs ₫423 in 2Q 2022) Second quarter 2023 results: EPS: ₫804 (up from ₫423 in 2Q 2022). Revenue: ₫99.2b (up 26% from 2Q 2022). Net income: ₫3.20b (up 153% from 2Q 2022). Profit margin: 3.2% (up from 1.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • May 08
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 6.1%. The fair value is estimated to be ₫20,048, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Apr 22
First quarter 2023 earnings released: EPS: ₫439 (vs ₫300 in 1Q 2022) First quarter 2023 results: EPS: ₫439 (up from ₫300 in 1Q 2022). Revenue: ₫75.5b (up 31% from 1Q 2022). Net income: ₫1.75b (up 17% from 1Q 2022). Profit margin: 2.3% (down from 2.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 15
Upcoming dividend of ₫1,500 per share at 8.9% yield Eligible shareholders must have bought the stock before 22 March 2023. Payment date: 05 May 2023. Trailing yield: 8.9%. Lower than top quartile of Vietnamese dividend payers (9.0%). Higher than average of industry peers (2.5%). Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Executive Director Le Huy was the last director to join the board, commencing their role in 2017. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Executive Director Le Huy was the last director to join the board, commencing their role in 2017. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Executive Director Le Huy was the last director to join the board, commencing their role in 2017. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Executive Director Le Huy was the last director to join the board, commencing their role in 2017. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 07
Upcoming dividend of ₫1,400 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 25 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Vietnamese dividend payers (5.8%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improved over the past week After last week's 18% share price gain to ₫27,900, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 10x in the Media industry in Vietnam. Total returns to shareholders of 183% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 19% share price gain to ₫24,500, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 9x in the Media industry in Vietnam. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 32% share price gain to ₫27,000, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 9x in the Media industry in Vietnam. Total returns to shareholders of 152% over the past three years. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS ₫258 (vs ₫959 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫73.3b (down 49% from 3Q 2020). Net income: ₫1.28b (down 66% from 3Q 2020). Profit margin: 1.7% (down from 2.7% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₫22,100, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 6x in the Media industry in Vietnam. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 21% share price gain to ₫28,700, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 7x in the Media industry in Vietnam. Total returns to shareholders of 81% over the past three years. Upcoming Dividend • May 21
Inaugural dividend of ₫1,500 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 15 June 2021. This is the first dividend for Art Design and Communication since going public. The average dividend yield among industry peers is 1.8%. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS ₫639 (vs ₫594 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: ₫69.3b (up 17% from 1Q 2020). Net income: ₫1.96b (up 7.6% from 1Q 2020). Profit margin: 2.8% (down from 3.1% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 20% share price gain to ₫26,100, the stock is trading at a trailing P/E ratio of 6.4x, up from the previous P/E ratio of 5.4x. This compares to an average P/E of 7x in the Media industry in Vietnam. Total returns to shareholders over the past three years are 100%. Is New 90 Day High Low • Mar 04
New 90-day high: ₫26,100 The company is up 44% from its price of ₫18,100 on 04 December 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₫20,700, the stock is trading at a trailing P/E ratio of 5.1x, down from the previous P/E ratio of 6.3x. This compares to an average P/E of 6x in the Media industry in Vietnam. Total returns to shareholders over the past three years are 59%. Is New 90 Day High Low • Jan 26
New 90-day high: ₫25,400 The company is up 84% from its price of ₫13,800 on 27 October 2020. The Vietnamese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 30% over the same period. Reported Earnings • Jan 23
Full year 2020 earnings released: EPS ₫4,053 The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ₫379.8b (flat on FY 2019). Net income: ₫12.4b (up 12% from FY 2019). Profit margin: 3.3% (up from 2.9% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 27% share price gain to ₫22,900, the stock is trading at a trailing P/E ratio of 8.6x, up from the previous P/E ratio of 6.8x. This compares to an average P/E of 8x in the Media industry in Vietnam. Total returns to shareholders over the past three years are 87%. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₫19,200, the stock is trading at a trailing P/E ratio of 7.2x, up from the previous P/E ratio of 6.2x. This compares to an average P/E of 7x in the Media industry in Vietnam. Total returns to shareholders over the past three years are 54%. Is New 90 Day High Low • Jan 06
New 90-day high: ₫19,200 The company is up 13% from its price of ₫17,000 on 08 October 2020. The Vietnamese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 15% share price gain to ₫19,000, the stock is trading at a trailing P/E ratio of 7.1x, up from the previous P/E ratio of 6.2x. This compares to an average P/E of 7x in the Media industry in Vietnam. Total returns to shareholders over the past three years are 55%. Is New 90 Day High Low • Dec 10
New 90-day high: ₫18,200 The company is up 26% from its price of ₫14,500 on 09 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is down 2.0% over the same period. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 18% share price gain to ₫16,300, the stock is trading at a trailing P/E ratio of 6.1x, up from the previous P/E ratio of 5.2x. This compares to an average P/E of 6x in the Media industry in Vietnam. Total returns to shareholders over the past three years are 25%. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫10.2b, down 5.0% from the prior year. Total revenue was ₫347.6b over the last 12 months, down 7.1% from the prior year. Valuation Update With 7 Day Price Move • Oct 15
Market pulls back on stock over the past week After last week's 18% share price decline to ₫13,900, the stock is trading at a trailing P/E ratio of 5.1x, down from the previous P/E ratio of 6.2x. This compares to an average P/E of 9x in the Media industry in Vietnam. Total returns to shareholders over the past three years are 10%. 
