Cash flow Damsan

Stocks

VN000000ADS0

Textiles & Leather Goods

End-of-day quote Ho Chi Minh S.E. 2026-10-06			5-day change	1st Jan Change
7,500.00 ^VND	0.00%		-4.09%	-5.30%

08-27	Damsan Joint Stock Company Announced Execution of A Business Cooperation Agreement with ADE Energy Joint Stock Company	CI
07-30	Damsan Joint Stock Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

f2f077.he1f4FufV9d8GDkkdd-bolnd4ltDiF77jM5oGWSJHM0.y9oPjgrnBrQ3XQtSIunE4ButlTECxhy55ohaUgD9RvrflwerBKs7nA9XeA

Published financial data: DAMSAN

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2022 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Revenues	1,693B	1,642B	1,629B	1,870B
Total Revenues	1,693B	1,642B	1,629B	1,870B
Cost of Goods Sold, Total	1,555B	1,456B	1,495B	1,618B
Gross Profit	138B	186B	134B	252B
Selling General & Admin Expenses, Total	47.22B	49.8B	47.72B	55.36B
Other Operating Expenses, Total	47.22B	49.8B	47.72B	55.36B
Operating Income	90.29B	136B	85.88B	197B
Interest Expense, Total	-44.35B	-59.59B	-42.3B	-55.81B
Interest And Investment Income	17.24B	26.89B	19.19B	12.76B
Net Interest Expenses	-27.11B	-32.7B	-23.11B	-43.05B
Income (Loss) On Equity Invest.	1.11B	-7.43B	-8.69B	835M
Currency Exchange Gains (Loss)	-22.9B	-10.25B	-311M	837M
Other Non Operating Income (Expenses)	5.41B	339M	-548M	-14.37B
EBT, Excl. Unusual Items	46.79B	86.18B	53.22B	141B
Gain (Loss) On Sale Of Assets	39.44B	279M	10.31B	-73.9M
EBT, Incl. Unusual Items	86.24B	86.46B	63.52B	141B
Income Tax Expense	11.29B	11.47B	8.4B	34.71B
Earnings From Continuing Operations	74.94B	74.99B	55.13B	106B
Net Income to Company	74.94B	74.99B	55.13B	106B
Minority Interest	-7.54B	-16.56B	-5.06B	-9.58B
Net Income - (IS)	67.4B	58.43B	50.06B	96.72B
Net Income to Common Incl Extra Items	67.4B	58.43B	50.06B	96.72B
Net Income to Common Excl. Extra Items	67.4B	58.43B	50.06B	96.72B
Per Share Items
Net EPS - Basic	1.48K	1.12K	667.17	1.27K
Basic EPS - Continuing Operations	1.48K	1.12K	667.17	1.27K
Basic Weighted Average Shares Outstanding	45.47M	52.15M	75.04M	76.39M
Net EPS - Diluted	1.18K	870	667	1.27K
Diluted EPS - Continuing Operations	1.18K	870	667	1.27K
Diluted Weighted Average Shares Outstanding	56.97M	67.15M	75.04M	76.39M
Normalized Basic EPS	477.27	715.31	375.77	1.03K
Normalized Diluted EPS	380.93	555.51	375.77	1.03K
Dividend Per Share	-	-	-	1K
Payout Ratio	15.58	12.28	178.87	45.44
Supplemental Items
EBITDA	195B	211B	165B	273B
EBITA	90.29B	136B	85.97B	197B
EBIT	90.29B	136B	85.88B	197B
EBITDAR	-	-	165B	273B
Total Revenues (As Reported)	1,693B	1,642B	1,629B	1,870B
Effective Tax Rate - (Ratio)	13.09	13.27	13.22	24.61
Total Current Taxes	11.26B	11.26B	6.55B	34.73B
Total Deferred Taxes	35.45M	212M	1.85B	-19.62M
Normalized Net Income	21.7B	37.3B	28.2B	78.6B
Supplemental Operating Expense Items
Selling and Marketing Expenses	17.22B	13.26B	11.5B	12.95B
General and Administrative Expenses	30B	36.54B	36.21B	42.41B
Net Rental Expense, Total	-	-	96.27M	96.27M
Imputed Operating Lease Interest Expense	-	-	34M	43.63M
Imputed Operating Lease Depreciation	-	-	62.27M	52.63M

Fiscal Period: December	2022 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Assets
Cash And Equivalents	54.66B	152B	272B	150B
Short Term Investments	276B	315B	307B	16.18B
Trading Asset Securities, Total	50B	65B	70B	50B
Total Cash And Short Term Investments	381B	532B	649B	216B
Accounts Receivable, Total	167B	198B	264B	264B
Other Receivables	198B	259B	164B	259B
Notes Receivable	204B	119B	92.86B	46.24B
Total Receivables	568B	576B	521B	569B
Inventory	448B	518B	535B	397B
Prepaid Expenses	558M	659M	505M	666M
Other Current Assets, Total	272B	318B	281B	604B
Total Current Assets	1,670B	1,945B	1,987B	1,787B
Gross Property Plant And Equipment	442B	494B	483B	474B
Accumulated Depreciation	-261B	-289B	-292B	-328B
Net Property Plant And Equipment	182B	205B	192B	146B
Long-term Investments	303B	295B	350B	370B
Other Intangibles, Total	818M	722M	625M	529M
Deferred Tax Assets Long-Term	15.97B	27.82B	43.12B	201M
Other Long-Term Assets, Total	9.67B	29.4B	31.07B	167B
Total Assets	2,182B	2,504B	2,604B	2,470B
Liabilities
Accounts Payable, Total	99.7B	56.88B	85.1B	35.55B
Accrued Expenses, Total	62.9B	101B	80.17B	70.91B
Short-term Borrowings	695B	814B	974B	871B
Current Portion of Long-Term Debt	16.86B	7.59B	6.12B	6.63B
Current Income Taxes Payable	27.06B	34.62B	42.98B	33.18B
Unearned Revenue Current, Total	-	3.19B	3.27B	3.61B
Other Current Liabilities	464B	455B	421B	308B
Total Current Liabilities	1,365B	1,473B	1,613B	1,329B
Long-Term Debt	158B	100B	13.55B	98.11B
Unearned Revenue Non Current	-	3.26B	2.92B	2.58B
Other Non Current Liabilities	1.92B	8.98B	16.8B	21.69B
Total Liabilities	1,525B	1,586B	1,647B	1,452B
Common Stock, Total	438B	584B	764B	764B
Additional Paid In Capital	60.13B	62.64B	63.55B	63.55B
Retained Earnings	110B	88.41B	76.4B	135B
Comprehensive Income and Other	7.72B	3.37B	2.29B	2.29B
Total Common Equity	616B	738B	906B	965B
Minority Interest	41.51B	180B	51.13B	53.96B
Total Equity	657B	918B	957B	1,019B
Total Liabilities And Equity	2,182B	2,504B	2,604B	2,470B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	45.47M	58.39M	76.39M	76.39M
ECS Total Common Shares Outstanding	45.47M	58.39M	76.39M	76.39M
Book Value / Share	13.54K	12.64K	11.86K	12.63K
Tangible Book Value	615B	738B	906B	964B
Tangible Book Value Per Share	13.52K	12.63K	11.85K	12.62K
Total Debt	869B	922B	994B	976B
Net Debt	488B	390B	345B	760B
Debt Equivalent Oper. Leases	-	-	770M	770M
Minority Interest, Total (Incl. Fin. Div)	41.51B	180B	51.13B	53.96B
Equity Method Investments, Total	303B	295B	350B	350B
Account Code - Inventory Valuation	-	6	6	6
Inventories - Raw Materials, Total	13.93B	17.58B	34.47B	19.26B
Inventories - Work In Process, Total	362B	437B	376B	302B
Inventories - Finished Goods, Total	61.72B	54.04B	116B	66.17B
Inventories - Others	10.67B	9.09B	8.63B	9.56B
Buildings, Total	122B	127B	127B	152B
Machinery, Total	318B	317B	276B	280B
Full Time Employees	-	-	-	417
Assets under Capital Lease - Gross	-	-	25.09B	25.09B
Assets under Capital Lease - Accumulated Depreciation	-	-	-2.04B	-4.13B
Accumulated Allowance for Doubtful Accounts (Supple)	8.81B	12.62B	12.62B	17.46B

Fiscal Period: December	2022 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Net Income	67.4B	58.43B	50.06B	96.72B
Depreciation & Amortization - CF	105B	74.18B	78.99B	-2.29B
Amortization of Goodwill and Intangible Assets - (CF)	-	96.27M	96.27M	96.27M
Depreciation & Amortization, Total	105B	74.28B	79.08B	-2.19B
(Gain) Loss From Sale Of Asset	-56.8B	-27.17B	-29.49B	-12.32B
Other Operating Activities, Total	20.76B	17.41B	-723M	51.42B
Change in Trading Asset Securities	-	-15B	-5B	20B
Change In Accounts Receivable	-78.71B	-97.86B	124B	-120B
Change In Inventories	148B	-69.02B	-17.15B	179B
Change In Accounts Payable	-40.86B	-40.85B	-37.48B	-240B
Change in Other Net Operating Assets	-25.13B	1.8B	-2.4B	-1.64B
Cash from Operations	140B	-97.98B	161B	-29B
Capital Expenditure	-97.29B	-88.29B	-75.75B	-21.96B
Sale of Property, Plant, and Equipment	47.52B	3.26B	21.03B	309M
Investment in Marketable and Equity Securities, Total	-164B	-	-180B	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-148B	45.19B	99.35M	-21.89B
Other Investing Activities, Total	17.36B	21.98B	31.81B	12.53B
Cash from Investing	-344B	-17.85B	-203B	-31.02B
Long-Term Debt Issued, Total	1,761B	2,048B	2,188B	1,972B
Total Debt Issued	1,761B	2,048B	2,188B	1,972B
Long-Term Debt Repaid, Total	-1,618B	-1,952B	-2,086B	-1,990B
Total Debt Repaid	-1,618B	-1,952B	-2,086B	-1,990B
Issuance of Common Stock	-	-	150B	-
Common Dividends Paid	-10.5B	-7.18B	-89.54B	-43.95B
Common & Preferred Stock Dividends Paid	-10.5B	-7.18B	-89.54B	-43.95B
Other Financing Activities, Total	-	125B	-	-
Cash from Financing	132B	213B	162B	-61.98B
Foreign Exchange Rate Adjustments	-161M	-399K	321M	-341M
Net Change in Cash	-72.23B	97.38B	120B	-122B
Supplemental Items
Cash Interest Paid	41.08B	60.46B	43.42B	55.64B
Cash Income Tax Paid (Refund)	3.04B	15.77B	15.33B	1.6B
Levered Free Cash Flow	-	-92.17B	87.49B	-46.74B
Unlevered Free Cash Flow	-	-54.93B	114B	-11.86B
Change In Net Working Capital	-	126B	-56.92B	111B
Net Debt Issued / Repaid	143B	95.39B	101B	-18.03B

Fiscal Period: December	2022 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Profitability
Return on Assets	-	3.63	2.1	4.85
Return on Total Capital	-	5.06	2.83	6.23
Return On Equity %	-	9.52	5.88	10.76
Return on Common Equity	-	8.63	6.09	10.34
Margin Analysis
Gross Profit Margin %	8.12	11.33	8.2	13.49
SG&A Margin	2.79	3.03	2.93	2.96
EBITDA Margin %	11.52	12.82	10.13	14.6
EBITA Margin %	5.33	8.3	5.28	10.53
EBIT Margin %	5.33	8.3	5.27	10.53
Income From Continuing Operations Margin %	4.43	4.57	3.38	5.68
Net Income Margin %	3.98	3.56	3.07	5.17
Net Avail. For Common Margin %	3.98	3.56	3.07	5.17
Normalized Net Income Margin	1.28	2.27	1.73	4.2
Levered Free Cash Flow Margin	-	-5.61	5.37	-2.5
Unlevered Free Cash Flow Margin	-	-3.35	6.99	-0.63
Asset Turnover
Asset Turnover	-	0.7	0.64	0.74
Fixed Assets Turnover	-	8.49	8.2	11.07
Receivables Turnover (Average Receivables)	-	9	7.04	7.08
Inventory Turnover (Average Inventory)	-	3.01	2.84	3.47
Short Term Liquidity
Current Ratio	1.22	1.32	1.23	1.34
Quick Ratio	0.55	0.67	0.67	0.56
Operating Cash Flow to Current Liabilities	0.1	-0.07	0.1	-0.02
Days Sales Outstanding (Average Receivables)	-	40.56	51.95	51.54
Days Outstanding Inventory (Average Inventory)	-	121.17	128.93	105.17
Average Days Payable Outstanding	-	18.73	17.18	14.89
Cash Conversion Cycle (Average Days)	-	143	163.71	141.82
Long Term Solvency
Total Debt/Equity	132.3	100.46	103.81	95.83
Total Debt / Total Capital	56.95	50.11	50.94	48.94
LT Debt/Equity	24.04	10.93	1.42	9.63
Long-Term Debt / Total Capital	10.35	5.45	0.69	4.92
Total Liabilities / Total Assets	69.88	63.33	63.23	58.76
EBIT / Interest Expense	2.04	2.29	2.03	3.53
EBITDA / Interest Expense	4.4	3.53	3.9	4.89
(EBITDA - Capex) / Interest Expense	2.2	2.05	2.11	4.5
Total Debt / EBITDA	4.46	4.38	6.02	3.58
Net Debt / EBITDA	2.5	1.85	2.09	2.79
Total Debt / (EBITDA - Capex)	8.9	7.55	11.14	3.89
Net Debt / (EBITDA - Capex)	5	3.19	3.87	3.03
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-3	-0.78	14.79
Gross Profit, 1 Yr. Growth %	-	35.28	-28.18	88.76
EBITDA, 1 Yr. Growth %	-	7.94	-21.63	65.46
EBITA, 1 Yr. Growth %	-	50.99	-36.89	129.3
EBIT, 1 Yr. Growth %	-	50.88	-36.96	129.19
Earnings From Cont. Operations, 1 Yr. Growth %	-	0.06	-26.49	92.83
Net Income, 1 Yr. Growth %	-	-13.31	-14.32	93.2
Normalized Net Income, 1 Yr. Growth %	-	71.87	-24.41	178.74
Diluted EPS Before Extra, 1 Yr. Growth %	-	-26.49	-23.33	89.8
Accounts Receivable, 1 Yr. Growth %	-	18.73	33.48	-0.24
Inventory, 1 Yr. Growth %	-	15.57	3.31	-25.86
Net Property, Plant and Equip., 1 Yr. Growth %	-	12.99	-6.52	-23.9
Total Assets, 1 Yr. Growth %	-	14.76	4	-5.13
Tangible Book Value, 1 Yr. Growth %	-	19.99	22.76	6.47
Common Equity, 1 Yr. Growth %	-	19.94	22.73	6.46
Cash From Operations, 1 Yr. Growth %	-	-170.08	-264	-118.05
Capital Expenditures, 1 Yr. Growth %	-	-9.25	-14.2	-71.01
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-194.92	-78.4
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-307.4	-93.76
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-1.9	6.72
Gross Profit, 2 Yr. CAGR %	-	-	-1.43	16.43
EBITDA, 2 Yr. CAGR %	-	-	-8.03	13.87
EBITA, 2 Yr. CAGR %	-	-	-2.42	20.23
EBIT, 2 Yr. CAGR %	-	-	-2.47	20.2
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-14.24	19.06
Net Income, 2 Yr. CAGR %	-	-	-13.82	28.66
Normalized Net Income, 2 Yr. CAGR %	-	-	13.99	45.16
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-24.93	20.63
Accounts Receivable, 2 Yr. CAGR %	-	-	25.89	15.4
Inventory, 2 Yr. CAGR %	-	-	9.27	-12.48
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	2.77	-15.65
Total Assets, 2 Yr. CAGR %	-	-	9.25	-0.67
Tangible Book Value, 2 Yr. CAGR %	-	-	21.37	14.33
Common Equity, 2 Yr. CAGR %	-	-	21.33	14.3
Cash From Operations, 2 Yr. CAGR %	-	-	7.2	-45.6
Capital Expenditures, 2 Yr. CAGR %	-	-	-11.76	-50.13
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-28.79
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-53.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	3.38
Gross Profit, 3 Yr. CAGR %	-	-	-	22.4
EBITDA, 3 Yr. CAGR %	-	-	-	11.86
EBITA, 3 Yr. CAGR %	-	-	-	29.68
EBIT, 3 Yr. CAGR %	-	-	-	29.66
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	12.36
Net Income, 3 Yr. CAGR %	-	-	-	12.79
Normalized Net Income, 3 Yr. CAGR %	-	-	-	53.57
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	2.27
Accounts Receivable, 3 Yr. CAGR %	-	-	-	16.5
Inventory, 3 Yr. CAGR %	-	-	-	-3.98
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-7.02
Total Assets, 3 Yr. CAGR %	-	-	-	4.23
Tangible Book Value, 3 Yr. CAGR %	-	-	-	16.18
Common Equity, 3 Yr. CAGR %	-	-	-	16.15
Cash From Operations, 3 Yr. CAGR %	-	-	-	-40.81
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-39.11