Reported Earnings • May 01
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: ₫1,687 (up from ₫986 in 1Q 2025). Revenue: ₫15t (up 30% from 1Q 2025). Net income: ₫287.4b (up 71% from 1Q 2025). Profit margin: 1.9% (up from 1.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Specialty Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. New Risk • May 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (30% accrual ratio). New Risk • Mar 09
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. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫140,100, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Specialty Retail industry in Asia. Total returns to shareholders of 187% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫73,372 per share. Duyuru • Feb 09
FPT Digital Retail Joint Stock Company, Annual General Meeting, Apr 17, 2026 FPT Digital Retail Joint Stock Company, Annual General Meeting, Apr 17, 2026. Reported Earnings • Feb 04
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₫4,667 (up from ₫1,835 in FY 2024). Revenue: ₫51t (up 27% from FY 2024). Net income: ₫794.9b (up 154% from FY 2024). Profit margin: 1.6% (up from 0.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Specialty Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₫175,500, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 14x in the Specialty Retail industry in Asia. Total returns to shareholders of 248% over the past three years. Major Estimate Revision • Nov 15
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₫50t to ₫51t. EPS estimate increased from ₫3,788 to ₫4,227 per share. Net income forecast to grow 59% next year vs 20% growth forecast for Specialty Retail industry in Vietnam. Consensus price target broadly unchanged at ₫162,054. Share price rose 4.7% to ₫146,000 over the past week. Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: ₫1,284 (vs ₫827 in 3Q 2024) Third quarter 2025 results: EPS: ₫1,284 (up from ₫827 in 3Q 2024). Revenue: ₫13t (up 26% from 3Q 2024). Net income: ₫218.7b (up 55% from 3Q 2024). Profit margin: 1.7% (up from 1.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫143,600, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Specialty Retail industry in Asia. Total returns to shareholders of 167% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫132,250 per share. Major Estimate Revision • Sep 06
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₫3,477 to ₫4,072. Revenue forecast steady at ₫50t. Net income forecast to grow 58% next year vs 18% growth forecast for Specialty Retail industry in Vietnam. Consensus price target down from ₫162,109 to ₫158,547. Share price was steady at ₫131,800 over the past week. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: ₫871 (vs ₫157 in 2Q 2024) Second quarter 2025 results: EPS: ₫871 (up from ₫157 in 2Q 2024). Revenue: ₫11t (up 23% from 2Q 2024). Net income: ₫118.7b (up 344% from 2Q 2024). Profit margin: 1.0% (up from 0.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia. 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 44% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to ₫157,500. The fair value is estimated to be ₫129,351, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 151% in the next 2 years. Buy Or Sell Opportunity • Jun 09
Now 22% overvalued Over the last 90 days, the stock has fallen 4.7% to ₫170,400. The fair value is estimated to be ₫139,546, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 160% in the next 2 years. Buy Or Sell Opportunity • May 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.8% to ₫171,800. The fair value is estimated to be ₫217,899, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 41% per annum over the same time period. Buy Or Sell Opportunity • Apr 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ₫163,000. The fair value is estimated to be ₫205,918, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫168,000, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Specialty Retail industry in Asia. Total returns to shareholders of 101% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫208,201 per share. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫140,500, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 13x in the Specialty Retail industry in Asia. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫206,525 per share. Buy Or Sell Opportunity • Apr 01
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ₫154,000. The fair value is estimated to be ₫203,385, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Reported Earnings • Mar 14
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: ₫2,293 (up from ₫2,537 loss in FY 2023). Revenue: ₫40t (up 26% from FY 2023). Net income: ₫312.5b (up ₫658.1b from FY 2023). Profit margin: 0.8% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Duyuru • Mar 05
FPT Digital Retail Joint Stock Company, Annual General Meeting, Apr 25, 2025 FPT Digital Retail Joint Stock Company, Annual General Meeting, Apr 25, 2025. Buy Or Sell Opportunity • Feb 25
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ₫175,300. The fair value is estimated to be ₫222,171, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 35% per annum over the same time period. Price Target Changed • Nov 22
Price target increased by 7.0% to ₫198,104 Up from ₫185,137, the current price target is an average from 7 analysts. New target price is 14% above last closing price of ₫173,200. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₫2,160 next year compared to a net loss per share of ₫2,537 last year. Price Target Changed • Jul 09
Price target increased by 12% to ₫167,131 Up from ₫149,825, the current price target is an average from 5 analysts. New target price is 8.1% below last closing price of ₫181,900. Stock is up 137% over the past year. The company is forecast to post earnings per share of ₫1,091 next year compared to a net loss per share of ₫2,537 last year. Buy Or Sell Opportunity • Jul 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to ₫180,000. The fair value is estimated to be ₫149,451, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Mar 29
FPT Digital Retail Joint Stock Company, Annual General Meeting, Apr 17, 2024 FPT Digital Retail Joint Stock Company, Annual General Meeting, Apr 17, 2024, at 06:30 Coordinated Universal Time. Location: floor 1, The Adora Premium, No.803 Nguyen Van Linh street, Tan Phu ward, district 7, HCMC Vietnam New Risk • Mar 28
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 5.1% 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 Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change). Price Target Changed • Mar 25
Price target increased by 19% to ₫129,083 Up from ₫108,757, the current price target is an average from 6 analysts. New target price is 13% below last closing price of ₫148,000. Stock is up 161% over the past year. The company is forecast to post a net loss per share of ₫1,683 compared to earnings per share of ₫2,865 last year. Buy Or Sell Opportunity • Feb 16
Now 21% undervalued Over the last 90 days, the stock has risen 21% to ₫124,500. The fair value is estimated to be ₫156,728, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Jan 02
Price target increased by 8.3% to ₫108,757 Up from ₫100,443, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₫107,000. Stock is up 74% over the past year. The company is forecast to post a net loss per share of ₫1,683 compared to earnings per share of ₫2,865 last year. Price Target Changed • Dec 20
Price target increased by 13% to ₫105,267 Up from ₫92,902, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₫101,500. Stock is up 62% over the past year. The company is forecast to post a net loss per share of ₫1,841 compared to earnings per share of ₫2,865 last year. Buying Opportunity • Nov 11
Now 21% undervalued Over the last 90 days, the stock is up 38%. The fair value is estimated to be ₫130,510, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Oct 09
Now 21% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be ₫120,853, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Jul 16
Price target increased by 15% to ₫77,314 Up from ₫67,196, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₫77,200. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₫509 for next year compared to ₫2,865 last year. Upcoming Dividend • May 30
Upcoming dividend of ₫500 per share at 0.5% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 8.9% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Vietnamese dividend payers (8.8%). Lower than average of industry peers (1.3%). Duyuru • May 10
Fpt Digital Retail Joint Stock Company Approves to Pay Cash Dividend for 2022, Payable on June 2023 or July 2023 The Board resolution dated May 04, 2023, the BOD of FPT Digital Retail Joint Stock Company Approved the plan to pay cash dividend for 2022: Exercise ratio: 5%/share (500 dongs/share). Estimated payment time: June 2023 or July 2023. Major Estimate Revision • Feb 25
Consensus EPS estimates fall by 39%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₫33t to ₫37t. EPS estimate fell from ₫4,279 to ₫2,598 per share. Net income forecast to grow 57% next year vs 12% growth forecast for Specialty Retail industry in Vietnam. Consensus price target of ₫87,525 unchanged from last update. Share price was steady at ₫72,700 over the past week. Reported Earnings • Feb 12
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₫3,295 (down from ₫3,745 in FY 2021). Revenue: ₫30t (up 34% from FY 2021). Net income: ₫390.4b (down 12% from FY 2021). Profit margin: 1.3% (down from 2.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 07
Price target decreased to ₫92,013 Down from ₫101,953, the current price target is an average from 5 analysts. New target price is 34% above last closing price of ₫68,800. Stock is up 60% over the past year. The company is forecast to post earnings per share of ₫4,307 for next year compared to ₫3,745 last year. Major Estimate Revision • Dec 06
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₫29t to ₫29t. EPS estimate also fell from ₫4,802 per share to ₫4,307 per share. Net income forecast to grow 22% next year vs 12% growth forecast for Specialty Retail industry in Vietnam. Consensus price target down from ₫101,953 to ₫95,653. Share price rose 3.6% to ₫68,800 over the past week. Price Target Changed • Dec 01
Price target decreased to ₫95,653 Down from ₫105,189, the current price target is an average from 5 analysts. New target price is 41% above last closing price of ₫68,000. Stock is up 65% over the past year. The company is forecast to post earnings per share of ₫4,549 for next year compared to ₫3,745 last year. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 23% share price gain to ₫71,000, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Specialty Retail industry in Asia. Total returns to shareholders of 317% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫120,607 per share. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). CEO & Director Kien Hoang is the most experienced director on the board, commencing their role in 2018. Independent Director Dung Viet 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. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 23% share price gain to ₫78,000, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Specialty Retail industry in Asia. Total returns to shareholders of 178% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫143,354 per share. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₫71,000, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Specialty Retail industry in Asia. Total returns to shareholders of 151% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₫74,400, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Specialty Retail industry in Asia. Total returns to shareholders of 136% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫142,803 per share. Buying Opportunity • Jun 20
Now 21% undervalued Over the last 90 days, the stock is up 1.7%. The fair value is estimated to be ₫122,858, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Price Target Changed • Jun 03
Price target increased to ₫157,933 Up from ₫138,733, the current price target is an average from 3 analysts. New target price is 16% above last closing price of ₫136,200. Stock is up 424% over the past year. The company is forecast to post earnings per share of ₫7,956 for next year compared to ₫5,618 last year. Upcoming Dividend • May 31
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 22 June 2022. Trailing yield: 0.7%. Lower than top quartile of Vietnamese dividend payers (7.1%). Higher than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 22% share price gain to ₫132,800, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Specialty Retail industry in Asia. Total returns to shareholders of 220% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫116,513 per share. Duyuru • May 13
FPT Digital Retail Joint Stock Company Approves Plan to Pay Cash Dividend for 2021 The Board of Directors of FPT Digital Retail Joint Stock Company approved the plan to pay cash dividend for 2021: Exercise ratio: 5%/share (500 dongs/share) and payment time(estimated): June 2022 or July 2022. 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 ₫132,000, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Specialty Retail industry in Asia. Total returns to shareholders of 226% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫94,618 per share. Duyuru • Apr 28
FPT Digital Retail Joint Stock Company Elects Nguy?n B?ch Ði?p as Chairman of the BoD FPT Digital Retail Joint Stock Company announced the election of Nguy?n B?ch Ði?p, Member of the BoD, as Member cum Chairman of the BoD. Term: 2022-2027. Effective date is April 25, 2022. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). CEO & Director Kien Hoang is the most experienced director on the board, commencing their role in 2018. Independent Director Dung Viet 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. Lack of board continuity. Lack of experienced directors. 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 ₫169,800, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Specialty Retail industry in Asia. Total returns to shareholders of 303% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫90,768 per share. Duyuru • Feb 19
FPT Digital Retail Joint Stock Company, Annual General Meeting, Apr 15, 2022 FPT Digital Retail Joint Stock Company, Annual General Meeting, Apr 15, 2022. Major Estimate Revision • Dec 04
Consensus EPS estimates increase to ₫1,420 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from ₫17t to ₫18t. EPS estimate increased from ₫1,050 to ₫1,420 per share. Net income forecast to grow 463% next year vs 18% growth forecast for Specialty Retail industry in Vietnam. Consensus price target up from ₫34,000 to ₫41,567. Share price rose 6.5% to ₫62,000 over the past week. Executive Departure • Sep 07
First Deputy CEO & Director Giang Trinh has left the company On the 1st of September, Giang Trinh's tenure as First Deputy CEO & Director ended. We don't have any record of a personal shareholding under Giang's name. Giang is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Major Estimate Revision • Jun 01
Consensus EPS estimates increase to ₫1,147 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from ₫16t to ₫17t. EPS estimate increased from ₫936 to ₫1,147 per share. Net income forecast to grow 347% next year vs 28% growth forecast for Specialty Retail industry in Vietnam. Consensus price target up from ₫24,000 to ₫26,000. Share price fell 5.4% to ₫24,600 over the past week. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS ₫266 (vs ₫2,612 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫15t (down 12% from FY 2019). Net income: ₫21.0b (down 90% from FY 2019). Profit margin: 0.1% (down from 1.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₫26,450, the stock is trading at a trailing P/E ratio of 10.1x, down from the previous P/E ratio of 12.6x. This compares to an average P/E of 17x in the Specialty Retail industry in Asia. Total returns to shareholders over the past year are 61%. Is New 90 Day High Low • Jan 18
New 90-day high: ₫34,350 The company is up 49% from its price of ₫23,100 on 20 October 2020. The Vietnamese market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: ₫29,200 The company is up 18% from its price of ₫24,650 on 24 September 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫15,844 per share. Valuation Update With 7 Day Price Move • Dec 04
Market bids up stock over the past week After last week's 16% share price gain to ₫25,700, the stock is trading at a trailing P/E ratio of 9.8x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 17x in the Specialty Retail industry in Asia. Total return to shareholders over the past year is a loss of 2.2%. Is New 90 Day High Low • Dec 04
New 90-day high: ₫25,700 The company is up 10.0% from its price of ₫23,400 on 04 September 2020. The Vietnamese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫10,462 per share. Is New 90 Day High Low • Nov 01
New 90-day low: ₫20,850 The company is down 1.0% from its price of ₫21,000 on 03 August 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫5,681 per share. 
