Major Estimate Revision • Apr 08
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₫4.04t to ₫3.97t. EPS estimate also fell from ₫871 per share to ₫582 per share. Net income forecast to grow 10.0% next year vs 11% growth forecast for Real Estate industry in Vietnam. Consensus price target down from ₫13,600 to ₫8,300. Share price rose 3.1% to ₫7,540 over the past week. Price Target Changed • Apr 07
Price target decreased by 41% to ₫8,300 Down from ₫14,100, the current price target is provided by 1 analyst. New target price is 18% above last closing price of ₫7,050. Stock is up 23% over the past year. The company is forecast to post earnings per share of ₫582 for next year compared to ₫589 last year. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₫7,230, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Real Estate industry in Vietnam. Total returns to shareholders of 48% over the past three years. Reported Earnings • Nov 03
Third quarter 2025 earnings released Third quarter 2025 results: EPS: ₫134. Net income: ₫77.6b (up ₫77.6b from 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Real Estate industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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). Share price has been highly volatile over the past 3 months (7.4% average weekly change). New Risk • Jun 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 7.2% 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 Risk Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). New Risk • May 11
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. This is currently the only risk that has been identified for the company. Announcement • Apr 03
Dat Xanh Real Estate Services Joint Stock Company, Annual General Meeting, Apr 24, 2025 Dat Xanh Real Estate Services Joint Stock Company, Annual General Meeting, Apr 24, 2025, at 08:30 SE Asia Standard Time. Location: 2w ung van khiem, ward 25, binh thanh district, ho chi minh, Vietnam New Risk • Mar 30
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. This is currently the only risk that has been identified for the company. New Risk • Nov 21
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 4.7% 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (4.7% average weekly change). New Risk • Oct 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor 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. This is currently the only risk that has been identified for the company. Price Target Changed • Aug 24
Price target decreased by 12% to ₫7,100 Down from ₫8,100, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ₫6,110. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₫273 next year compared to a net loss per share of ₫293 last year. New Risk • Jun 19
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 5.9% 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. This is currently the only risk that has been identified for the company. New Risk • May 20
New major risk - Revenue and earnings growth Earnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. New Risk • Mar 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 2022. 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 2022 fiscal period end). High level of non-cash earnings (34% accrual ratio). Price Target Changed • Dec 02
Price target decreased to ₫10,000 Down from ₫25,636, the current price target is provided by 1 analyst. New target price is 35% above last closing price of ₫7,420. Stock is down 71% over the past year. The company is forecast to post earnings per share of ₫1,902 for next year compared to ₫2,227 last year. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Khoi Pham is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 20% share price gain to ₫18,400, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Real Estate industry in Vietnam. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫16,750, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Real Estate industry in Vietnam. Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₫18,739, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Real Estate industry in Vietnam. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫25,800, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Real Estate industry in Vietnam. Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Khoi Pham is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 15% share price gain to ₫40,350, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Real Estate industry in Vietnam. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 20% share price gain to ₫38,500, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Real Estate industry in Vietnam.