New Risk • Apr 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: ₫905 (vs ₫483 in 1Q 2025) First quarter 2026 results: EPS: ₫905 (up from ₫483 in 1Q 2025). Revenue: ₫8.50t (up 54% from 1Q 2025). Net income: ₫200.2b (up 89% from 1Q 2025). Profit margin: 2.4% (up from 1.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 25
Digiworld Corporation announces Annual dividend, payable on May 21, 2026 Digiworld Corporation announced Annual dividend of VND 1000.0000 per share payable on May 21, 2026, ex-date on May 13, 2026 and record date on May 14, 2026. Board Change • Feb 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Tung Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 11
Digiworld Corporation, Annual General Meeting, Apr 22, 2026 Digiworld Corporation, Annual General Meeting, Apr 22, 2026. Announcement • Nov 28
Digiworld Corporation Announces Change of Location for Da Nang Branch Digiworld Corporation announced the approval of the change of location for its Da Nang Branch. The new operating location is 143 Dung Sy Thanh Khe, Thanh Khe Ward, Da Nang City, Vietnam. This change will be effective from December 1, 2025. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: ₫759 (vs ₫561 in 3Q 2024) Third quarter 2025 results: EPS: ₫759 (up from ₫561 in 3Q 2024). Revenue: ₫7.39t (up 19% from 3Q 2024). Net income: ₫166.4b (up 37% from 3Q 2024). Profit margin: 2.3% (up from 2.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Price Target Changed • Sep 11
Price target increased by 8.6% to ₫47,311 Up from ₫43,563, the current price target is an average from 9 analysts. New target price is 8.1% above last closing price of ₫43,750. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of ₫2,552 for next year compared to ₫2,003 last year. Reported Earnings • Aug 02
Second quarter 2025 earnings released: EPS: ₫528 (vs ₫411 in 2Q 2024) Second quarter 2025 results: EPS: ₫528 (up from ₫411 in 2Q 2024). Revenue: ₫5.73t (up 14% from 2Q 2024). Net income: ₫115.8b (up 30% from 2Q 2024). Profit margin: 2.0% (up from 1.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Jun 26
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 Debt is not well covered by operating cash flow (6.8% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫40,300, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electronic industry in Asia. Total loss to shareholders of 23% over the past three years. Major Estimate Revision • Jun 04
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₫25t to ₫25t. EPS estimate fell from ₫2,780 to ₫2,482 per share. Net income forecast to grow 25% next year vs 29% growth forecast for Electronic industry in Vietnam. Consensus price target broadly unchanged at ₫41,667. Share price rose 5.5% to ₫35,250 over the past week. Upcoming Dividend • May 16
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 23 May 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Vietnamese dividend payers (8.0%). Lower than average of industry peers (1.9%). Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: ₫483 (vs ₫426 in 1Q 2024) First quarter 2025 results: EPS: ₫483 (up from ₫426 in 1Q 2024). Revenue: ₫5.52t (up 11% from 1Q 2024). Net income: ₫105.9b (up 15% from 1Q 2024). Profit margin: 1.9% (in line with 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 11
Price target decreased by 9.8% to ₫43,029 Down from ₫47,728, the current price target is an average from 7 analysts. New target price is 31% above last closing price of ₫32,900. Stock is down 33% over the past year. The company is forecast to post earnings per share of ₫2,897 for next year compared to ₫2,003 last year. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫30,900, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Asia. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫16,871 per share. Announcement • Mar 03
Digiworld Corporation, Annual General Meeting, Apr 25, 2025 Digiworld Corporation, Annual General Meeting, Apr 25, 2025. Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: ₫561 (vs ₫483 in 3Q 2023) Third quarter 2024 results: EPS: ₫561 (up from ₫483 in 3Q 2023). Revenue: ₫6.23t (up 15% from 3Q 2023). Net income: ₫121.7b (up 19% from 3Q 2023). Profit margin: 2.0% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.6% to ₫43,900. The fair value is estimated to be ₫56,561, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Buy Or Sell Opportunity • Oct 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.0% to ₫45,700. The fair value is estimated to be ₫57,186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 81% in the next 2 years. Announcement • Sep 05
Digiworld Corporation Approves Dividend for 2023, Payable on September 25, 2024 Digiworld Corporation announced On September 04, 2024, the Board of Directors approved to pay for the 2023 dividend: Exercise ratio: 5%/share (VND 500/share). Record date: September 16, 2024. Payment date: September 25, 2024. Price Target Changed • Sep 04
Price target increased by 12% to ₫64,107 Up from ₫57,183, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₫61,300. Stock is up 2.3% over the past year. The company is forecast to post earnings per share of ₫2,689 for next year compared to ₫2,161 last year. Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: ₫535 (vs ₫509 in 2Q 2023) Second quarter 2024 results: EPS: ₫535 (up from ₫509 in 2Q 2023). Revenue: ₫5.01t (up 9.0% from 2Q 2023). Net income: ₫89.3b (up 7.6% from 2Q 2023). Profit margin: 1.8% (in line with 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 02
Now 23% overvalued Over the last 90 days, the stock has fallen 2.0% to ₫57,800. The fair value is estimated to be ₫46,874, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has declined by 5.8%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. New Risk • Apr 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₫53,500, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫23,759 per share. Reported Earnings • Apr 07
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₫2,161 (down from ₫4,219 in FY 2022). Revenue: ₫19t (down 15% from FY 2022). Net income: ₫354.4b (down 48% from FY 2022). Profit margin: 1.9% (down from 3.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Mar 21
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₫22t to ₫22t. EPS estimate also fell from ₫3,256 per share to ₫2,748 per share. Net income forecast to grow 61% next year vs 37% growth forecast for Electronic industry in Vietnam. Consensus price target up from ₫54,609 to ₫55,909. Share price was steady at ₫66,300 over the past week. Price Target Changed • Mar 20
Price target increased by 7.2% to ₫55,909 Up from ₫52,138, the current price target is an average from 6 analysts. New target price is 15% below last closing price of ₫65,800. Stock is up 101% over the past year. The company is forecast to post earnings per share of ₫2,748 for next year compared to ₫2,123 last year. Announcement • Mar 16
Digiworld Corporation, Annual General Meeting, Apr 25, 2024 Digiworld Corporation, Annual General Meeting, Apr 25, 2024. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: ₫2,123 (vs ₫4,219 in FY 2022) Full year 2023 results: EPS: ₫2,123 (down from ₫4,219 in FY 2022). Revenue: ₫19t (down 15% from FY 2022). Net income: ₫354.4b (down 48% from FY 2022). Profit margin: 1.9% (down from 3.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jan 06
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Tung Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 07
Digiworld Corporation Announces Relocation of Hanoi Branch Digiworld Corporation announced relocation of Hanoi Branch. New location at 14th floor-TNR, 54A Nguyen Chi Thanh, Lang Thuong Ward, Dong Da District, Hanoi. Time: From October 02, 2023. Announcement • Oct 05
Digiworld Corporation Announces Dividend for 2022, Payable October 25, 2023 Digiworld Corporation announced dividend for 2022 of 10%/share (1,000 dongs/share). Record date is October 17, 2023. Payment date is October 25, 2023. Price Target Changed • Aug 03
Price target increased by 12% to ₫47,328 Up from ₫42,173, the current price target is an average from 5 analysts. New target price is 15% below last closing price of ₫56,000. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₫2,483 for next year compared to ₫4,219 last year. Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: ₫509 (vs ₫850 in 2Q 2022) Second quarter 2023 results: EPS: ₫509 (down from ₫850 in 2Q 2022). Revenue: ₫4.60t (down 6.4% from 2Q 2022). Net income: ₫83.0b (down 39% from 2Q 2022). Profit margin: 1.8% (down from 2.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫50,400, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Electronic industry in Asia. Total returns to shareholders of 341% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫38,963 per share. Major Estimate Revision • Jun 24
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₫21t to ₫19t. EPS estimate unchanged from ₫2,483 per share at last update. Electronic industry in Vietnam expected to see average net income growth of 24% next year. Consensus price target down from ₫45,473 to ₫40,253. Share price rose 5.1% to ₫41,000 over the past week. Price Target Changed • Jun 23
Price target decreased by 11% to ₫40,253 Down from ₫45,473, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₫41,000. Stock is down 38% over the past year. The company is forecast to post earnings per share of ₫2,483 for next year compared to ₫4,219 last year. Major Estimate Revision • May 26
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₫25t to ₫21t. EPS estimate fell from ₫4,094 to ₫2,553 per share. Net income forecast to grow 24% next year vs 26% growth forecast for Electronic industry in Vietnam. Consensus price target down from ₫48,760 to ₫46,373. Share price was steady at ₫33,100 over the past week. Major Estimate Revision • Apr 05
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₫25t to ₫25t. EPS estimate fell from ₫4,703 to ₫4,094 per share. Net income forecast to grow 3.2% next year vs 22% growth forecast for Electronic industry in Vietnam. Consensus price target down from ₫52,280 to ₫49,700. Share price was steady at ₫31,900 over the past week. Price Target Changed • Mar 06
Price target decreased by 8.3% to ₫53,087 Down from ₫57,916, the current price target is an average from 4 analysts. New target price is 47% above last closing price of ₫36,000. Stock is down 46% over the past year. The company is forecast to post earnings per share of ₫4,836 for next year compared to ₫4,221 last year. Reported Earnings • Feb 01
Full year 2022 earnings released: EPS: ₫4,221 (vs ₫4,157 in FY 2021) Full year 2022 results: EPS: ₫4,221 (up from ₫4,157 in FY 2021). Revenue: ₫22t (up 5.4% from FY 2021). Net income: ₫683.8b (up 4.5% from FY 2021). Profit margin: 3.1% (in line with FY 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 02
Price target decreased to ₫70,748 Down from ₫86,519, the current price target is an average from 3 analysts. New target price is 51% above last closing price of ₫47,000. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₫4,943 for next year compared to ₫4,157 last year. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 17% share price gain to ₫44,250, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Electronic industry in Asia. Total returns to shareholders of 597% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫47,490 per share. Buying Opportunity • Nov 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 52%. The fair value is estimated to be ₫45,126, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 59%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 21% per annum over the same time period. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Tung Nguyen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫51,200, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Electronic industry in Asia. Total returns to shareholders of 615% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫48,868 per share. Reported Earnings • Nov 02
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: ₫6.07t (up 59% from 3Q 2021). Net income: ₫180.3b (up 68% from 3Q 2021). Profit margin: 3.0% (up from 2.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 22% share price gain to ₫68,800, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Electronic industry in Asia. Total returns to shareholders of 936% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫59,002 per share. Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: ₫850 (vs ₫748 in 2Q 2021) Second quarter 2022 results: EPS: ₫850 (up from ₫748 in 2Q 2021). Revenue: ₫4.91t (up 16% from 2Q 2021). Net income: ₫136.9b (up 18% from 2Q 2021). Profit margin: 2.8% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 26%, compared to a 21% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 111% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to ₫62,500, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Electronic industry in Asia. Total returns to shareholders of 911% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫63,057 per share. Price Target Changed • Jul 09
Price target increased to ₫105,110 Up from ₫88,221, the current price target is an average from 3 analysts. New target price is 84% above last closing price of ₫57,000. Stock is up 42% over the past year. The company is forecast to post earnings per share of ₫4,689 for next year compared to ₫4,157 last year. Buying Opportunity • Jun 30
Now 37% undervalued after recent price drop Over the last 90 days, the stock is down 56%. The fair value is estimated to be ₫102,257, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Announcement • Jun 24
Digiworld Corporation Announces Dividend for 2021, Payment Date Is July 29, 2022 Digiworld Corporation announces dividend for 2021 of 10%/share (1,000 dongs/share). Record date is July 04, 2022. Payment date is July 29, 2022. Upcoming Dividend • Jun 24
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Vietnamese dividend payers (8.0%). Lower than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 18% share price gain to ₫127,000, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Electronic industry in Asia. Total returns to shareholders of 1,108% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫101,067 per share. Major Estimate Revision • May 13
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₫9,571 to ₫7,402. Revenue forecast unchanged from ₫27t at last update. Net income forecast to grow 19% next year vs 24% growth forecast for Electronic industry in Vietnam. Consensus price target of ₫152,549 unchanged from last update. Share price fell 14% to ₫107,700 over the past week. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫117,000, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Electronic industry in Asia. Total returns to shareholders of 962% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫100,163 per share. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: ₫2,377 (up from ₫1,241 in 1Q 2021). Revenue: ₫7.01t (up 40% from 1Q 2021). Net income: ₫210.8b (up 98% from 1Q 2021). Profit margin: 3.0% (up from 2.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 86%. Over the next year, revenue is forecast to grow 25%, compared to a 20% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 128% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 27
Price target increased to ₫152,549 Up from ₫141,199, the current price target is an average from 4 analysts. New target price is 17% above last closing price of ₫130,000. Stock is up 140% over the past year. The company is forecast to post earnings per share of ₫9,571 for next year compared to ₫7,483 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Tung Nguyen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 17% share price gain to ₫155,500, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry in Asia. Total returns to shareholders of 1,352% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫105,667 per share. Price Target Changed • Apr 16
Price target increased to ₫152,549 Up from ₫141,199, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₫145,400. Stock is up 152% over the past year. The company is forecast to post earnings per share of ₫9,571 for next year compared to ₫7,483 last year. Reported Earnings • Apr 04
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ₫7,483 (up from ₫3,129 in FY 2020). Revenue: ₫21t (up 67% from FY 2020). Net income: ₫654.4b (up 145% from FY 2020). Profit margin: 3.1% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 86%. Over the next year, revenue is forecast to grow 29%, compared to a 20% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improved over the past week After last week's 17% share price gain to ₫148,000, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry in Asia. Total returns to shareholders of 1,267% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫104,066 per share. Announcement • Feb 16
Digiworld Corporation, Annual General Meeting, Apr 06, 2022 Digiworld Corporation, Annual General Meeting, Apr 06, 2022. Major Estimate Revision • Feb 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ₫8,274 to ₫9,172. Revenue forecast steady at ₫27t. Net income forecast to grow 22% next year vs 26% growth forecast for Electronic industry in Vietnam. Consensus price target broadly unchanged at ₫140,671. Share price rose 5.8% to ₫115,900 over the past week. Reported Earnings • Jan 26
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: ₫11,077 (up from ₫3,129 in FY 2020). Revenue: ₫21t (up 67% from FY 2020). Net income: ₫657.4b (up 146% from FY 2020). Profit margin: 3.1% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 21%. Over the next year, revenue is forecast to grow 28%, compared to a 21% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₫95,400, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 779% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫121,259 per share. Buying Opportunity • Jan 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ₫121,926, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% per annum over the last 3 years. Earnings per share has grown by 49% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 20% share price gain to ₫131,000, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 1,001% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫120,554 per share. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS ₫1,434 (vs ₫873 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫3.83t (up 5.5% from 3Q 2020). Net income: ₫107.2b (up 43% from 3Q 2020). Profit margin: 2.8% (up from 2.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 110% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 16
Price target increased to ₫95,055 Up from ₫80,305, the current price target is an average from 4 analysts. New target price is 17% below last closing price of ₫114,300. Stock is up 327% over the past year. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 20% share price gain to ₫102,000, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 728% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫54,747 per share. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 48% share price decline to ₫84,500, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Electronic industry in Asia. Total returns to shareholders of 242% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫108,251 per share. Upcoming Dividend • Aug 18
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 24 August 2021. Payment date: 08 September 2021. Trailing yield: 0.6%. Lower than top quartile of Vietnamese dividend payers (7.2%). Lower than average of industry peers (1.4%). Upcoming Dividend • Aug 13
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 20 August 2021. Payment date: 08 September 2021. Trailing yield: 0.6%. Lower than top quartile of Vietnamese dividend payers (7.2%). Lower than average of industry peers (1.4%). Price Target Changed • Aug 01
Price target increased to ₫140,289 Up from ₫125,429, the current price target is an average from 4 analysts. New target price is 5.7% below last closing price of ₫148,800. Stock is up 284% over the past year. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 16% share price gain to ₫146,000, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 549% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫107,964 per share. Reported Earnings • Jul 23
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫4.22t (up 63% from 2Q 2020). Net income: ₫116.4b (up 142% from 2Q 2020). Profit margin: 2.8% (up from 1.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 24
Price target increased to ₫125,429 Up from ₫116,973, the current price target is an average from 3 analysts. New target price is 9.7% below last closing price of ₫138,900. Stock is up 413% over the past year. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 18% share price gain to ₫111,200, the stock is trading at a trailing P/E ratio of 18.9x, up from the previous P/E ratio of 16.1x. This compares to an average P/E of 25x in the Electronic industry in Asia. Total returns to shareholders over the past three years are 381%. Is New 90 Day High Low • Feb 17
New 90-day high: ₫90,800 The company is up 36% from its price of ₫66,700 on 19 November 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫58,171 per share. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫65,100, the stock is trading at a trailing P/E ratio of 11.1x, down from the previous P/E ratio of 13.1x. This compares to an average P/E of 26x in the Electronic industry in Asia. Total returns to shareholders over the past three years are 205%. Analyst Estimate Surprise Post Earnings • Jan 24
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 10.0%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 13%, compared to a 20% growth forecast for the Electronic industry in Vietnam. Reported Earnings • Jan 23
Full year 2020 earnings released: EPS ₫5,886 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫13t (up 48% from FY 2019). Net income: ₫253.1b (up 54% from FY 2019). Profit margin: 2.0% (up from 1.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Dec 30
New 90-day high: ₫82,600 The company is up 52% from its price of ₫54,500 on 01 October 2020. The Vietnamese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫60,199 per share. Is New 90 Day High Low • Dec 15
New 90-day high: ₫79,100 The company is up 46% from its price of ₫54,100 on 15 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫60,336 per share. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 17% share price gain to ₫77,000, the stock is trading at a trailing P/E ratio of 14.9x, up from the previous P/E ratio of 12.7x. This compares to an average P/E of 25x in the Electronic industry in Asia. Total returns to shareholders over the past three years are 282%. Is New 90 Day High Low • Nov 20
New 90-day high: ₫70,900 The company is up 54% from its price of ₫45,900 on 21 August 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫225,619 per share. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 17% share price gain to ₫69,500, the stock is trading at a trailing P/E ratio of 13.4x, up from the previous P/E ratio of 11.4x. This compares to an average P/E of 24x in the Electronic industry in Asia. Total returns to shareholders over the past three years are 296%. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 18% share price gain to ₫63,200, the stock is trading at a trailing P/E ratio of 12.2x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 24x in the Electronic industry in Asia. Total returns to shareholders over the past three years are 256%. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 17% share price gain to ₫60,500, the stock is trading at a trailing P/E ratio of 11.7x, up from the previous P/E ratio of 10x. This compares to an average P/E of 24x in the Electronic industry in Asia. Total returns to shareholders over the past three years are 236%. Is New 90 Day High Low • Nov 03
New 90-day high: ₫57,900 The company is up 35% from its price of ₫42,850 on 05 August 2020. The Vietnamese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫223,299 per share. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫219.9b, up 51% from the prior year. Total revenue was ₫11t over the last 12 months, up 46% from the prior year.