KHANG DIEN HOUSE TRADING AND INVESTMENT Financials Khang Dien House Trading and Investment
Equities
KDH
VN000000KDH2
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 36,900 VND | -1.60% |
|
-1.60% | +17.52% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,645,143 | 16,373,033 | 32,789,790 | 18,995,995 | 27,608,235 | 29,494,612 | - | - |
| Enterprise Value (EV) 1 | 14,645,143 | 16,373,033 | 32,789,790 | 18,995,995 | 30,232,981 | 33,725,812 | 31,169,212 | 28,643,112 |
| P/E ratio | 15.9 x | 14.2 x | 28.5 x | 18.4 x | 37.4 x | 31.7 x | 27.7 x | 14.5 x |
| Yield | 1.86% | 1.63% | - | - | - | 0.65% | 0.65% | - |
| Capitalization / Revenue | 5.21 x | 3.61 x | 8.77 x | 6.52 x | 13.2 x | 7.61 x | 5.19 x | 3.47 x |
| EV / Revenue | 5.21 x | 3.61 x | 8.77 x | 6.52 x | 14.4 x | 8.7 x | 5.49 x | 3.37 x |
| EV / EBITDA | 11.9 x | 10.5 x | 24 x | 18.9 x | 24.8 x | 25.6 x | 14.3 x | 7.41 x |
| EV / FCF | - | - | -15.9 x | - | -17.4 x | -20.2 x | 12.4 x | 11.5 x |
| FCF Yield | - | - | -6.3% | - | -5.75% | -4.95% | 8.08% | 8.7% |
| Price to Book | 1.92 x | 2.01 x | 3.22 x | 1.61 x | 1.62 x | 1.7 x | 1.58 x | - |
| Nbr of stocks (in thousands) | 760,867 | 743,772 | 777,954 | 788,513 | 879,243 | 799,312 | - | - |
| Reference price 2 | 19,248 | 22,014 | 42,149 | 24,091 | 31,400 | 36,900 | 36,900 | 36,900 |
| Announcement Date | 20-01-22 | 21-03-22 | 22-01-27 | 23-03-24 | 24-01-30 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,813,353 | 4,532,069 | 3,737,750 | 2,911,963 | 2,093,494 | 3,876,843 | 5,679,772 | 8,507,175 |
| EBITDA 1 | 1,232,278 | 1,557,959 | 1,366,404 | 1,006,163 | 1,220,602 | 1,319,300 | 2,183,233 | 3,868,000 |
| EBIT 1 | 1,222,934 | 1,547,212 | 1,355,928 | 991,805 | 1,205,619 | 1,425,514 | 2,122,580 | 3,153,650 |
| Operating Margin | 43.47% | 34.14% | 36.28% | 34.06% | 57.59% | 36.77% | 37.37% | 37.07% |
| Earnings before Tax (EBT) 1 | 1,190,631 | 1,458,408 | 1,539,841 | 1,410,589 | 1,071,377 | 1,305,679 | 1,992,651 | 3,481,575 |
| Net income 1 | 915,320 | 1,152,766 | 1,202,431 | 1,102,954 | 716,894 | 992,923 | 1,134,302 | 2,127,125 |
| Net margin | 32.53% | 25.44% | 32.17% | 37.88% | 34.24% | 25.61% | 19.97% | 25% |
| EPS 2 | 1,209 | 1,548 | 1,479 | 1,309 | 840.0 | 1,164 | 1,330 | 2,550 |
| Free Cash Flow 1 | - | - | -2,064,589 | - | -1,739,650 | -1,668,900 | 2,517,200 | 2,491,100 |
| FCF margin | - | - | -55.24% | - | -83.1% | -43.05% | 44.32% | 29.28% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 115.3% | 64.4% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 221.92% | 117.11% |
| Dividend per Share 2 | 357.8 | 357.8 | - | - | - | 240.0 | 240.0 | - |
| Announcement Date | 20-01-22 | 21-03-22 | 22-01-27 | 23-03-24 | 24-01-30 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 590,013 | 1,789,277 | - | 2,036,737 | - | 469,482 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | 255,572 | - |
| Net income | 471,564 | - | 732,186 | 631,326 | - | 207,525 | - |
| Net margin | - | - | 40.92% | - | - | - | - |
| EPS | 0.5868 | - | - | 0.8273 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 21-07-30 | 22-01-27 | 22-01-27 | 22-07-29 | 23-03-24 | 23-10-30 | 24-01-30 |
1VND in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 2,624,746 | 4,231,200 | 1,674,600 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 851,500 |
| Leverage (Debt/EBITDA) | - | - | - | - | 2.15 x | 3.207 x | 0.767 x | - |
| Free Cash Flow 1 | - | - | -2,064,589 | - | -1,739,650 | -1,668,900 | 2,517,200 | 2,491,100 |
| ROE (net income / shareholders' equity) | 12.6% | 14.6% | 13.1% | 10% | 5.25% | 7.42% | 8.55% | 12% |
| ROA (Net income/ Total Assets) | 7.83% | 8.49% | 8.51% | 6.14% | 2.99% | 4.2% | 4.62% | 7.55% |
| Assets 1 | 11,692,156 | 13,585,922 | 14,125,313 | 17,956,104 | 23,978,799 | 23,641,016 | 24,551,999 | 28,173,841 |
| Book Value Per Share 2 | 10,022 | 10,927 | 13,093 | 14,958 | 19,427 | 21,745 | 23,376 | - |
| Cash Flow per Share | - | - | -2,668 | - | - | - | - | - |
| Capex 1 | 211,477 | 48,031 | 49,112 | 61,478 | 183,454 | 132,525 | 144,533 | 127,425 |
| Capex / Sales | 7.52% | 1.06% | 1.31% | 2.11% | 8.76% | 3.42% | 2.54% | 1.5% |
| Announcement Date | 20-01-22 | 21-03-22 | 22-01-27 | 23-03-24 | 24-01-30 | - | - | - |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
36,900
VND
Average target price
43,264
VND
Spread / Average Target
+17.25%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +17.52% | 1.16B | |
| -6.97% | 23.41B | |
| +8.76% | 10.8B | |
| -33.75% | 10.52B | |
| -24.98% | 7.64B | |
| -12.85% | 6.44B | |
| -3.86% | 6.08B | |
| -7.62% | 6.02B | |
| +0.28% | 3.69B | |
| +50.32% | 3.75B |
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- Financials Khang Dien House Trading and Investment
