PETROVIETNAM FERTILIZER AND CHEMICALS CORPORATION - Financials PetroVietnam Fertilizer and Chemicals Corporation -
Equities
DPM
VN000000DPM1
Agricultural Chemicals
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 33,900 VND | -0.59% |
|
+7.28% | +1.80% |
| 05-07 | PetroVietnam announces new oil discoveries with initial reserves of 100.5 mln barrels | RE |
| 04-08 | PetroVietnam Power signs loan for LNG plants from Citibank, ING | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,067,779 | 7,357,084 | 19,566,713 | 16,807,806 | 13,031,431 | 13,266,231 | - | - |
| Enterprise Value (EV) 1 | 5,067,779 | 7,357,084 | 19,566,713 | 16,807,806 | 13,031,431 | 13,266,231 | 13,266,231 | 13,266,231 |
| P/E ratio | 15 x | 12.2 x | 6.45 x | 3.08 x | 31.3 x | 20.8 x | 13.5 x | 12.7 x |
| Yield | 9.27% | 3.72% | 10% | 16.3% | - | 9.83% | 6.64% | 8.85% |
| Capitalization / Revenue | 0.66 x | 0.95 x | 1.53 x | 0.9 x | 0.96 x | 0.97 x | 0.96 x | 0.96 x |
| EV / Revenue | 0.66 x | 0.95 x | 1.53 x | 0.9 x | 0.96 x | 0.97 x | 0.96 x | 0.96 x |
| EV / EBITDA | 5.1 x | 6.05 x | 4.8 x | 2.35 x | 11.9 x | 13.5 x | 8.72 x | 7.92 x |
| EV / FCF | 3.2 x | - | 8.58 x | 3.45 x | 19.4 x | 22.8 x | 10.6 x | 10.5 x |
| FCF Yield | 31.2% | - | 11.6% | 29% | 5.17% | 4.39% | 9.45% | 9.48% |
| Price to Book | 0.71 x | 0.91 x | 1.86 x | 1.21 x | 1.14 x | 1.26 x | 1.23 x | - |
| Nbr of stocks (in thousands) | 391,334 | 391,334 | 391,334 | 391,334 | 391,334 | 391,334 | - | - |
| Reference price 2 | 12,950 | 18,800 | 50,000 | 42,950 | 33,300 | 33,900 | 33,900 | 33,900 |
| Announcement Date | 20-01-22 | 21-03-26 | 22-01-26 | 23-01-30 | 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 | 7,683,541 | 7,761,819 | 12,786,141 | 18,627,180 | 13,569,186 | 13,679,500 | 13,799,000 | 13,830,000 |
| EBITDA 1 | 993,874 | 1,215,763 | 4,079,069 | 7,142,359 | 1,093,331 | 983,500 | 1,521,000 | 1,676,000 |
| EBIT 1 | 431,995 | 666,115 | 3,542,083 | 6,627,557 | 690,031 | 545,500 | 1,073,500 | 1,277,000 |
| Operating Margin | 5.62% | 8.58% | 27.7% | 35.58% | 5.09% | 3.99% | 7.78% | 9.23% |
| Earnings before Tax (EBT) 1 | 467,076 | 847,891 | 3,798,752 | 6,646,437 | 690,967 | 862,500 | 1,373,500 | 1,585,000 |
| Net income 1 | 377,703 | 691,308 | 3,116,702 | 5,586,163 | 532,674 | 707,500 | 1,127,500 | 1,302,000 |
| Net margin | 4.92% | 8.91% | 24.38% | 29.99% | 3.93% | 5.17% | 8.17% | 9.41% |
| EPS 2 | 863.0 | 1,535 | 7,747 | 13,952 | 1,063 | 1,630 | 2,502 | 2,662 |
| Free Cash Flow 1 | 1,583,648 | - | 2,279,286 | 4,875,152 | 673,418 | 583,000 | 1,253,000 | 1,257,500 |
| FCF margin | 20.61% | - | 17.83% | 26.17% | 4.96% | 4.26% | 9.08% | 9.09% |
| FCF Conversion (EBITDA) | 159.34% | - | 55.88% | 68.26% | 61.59% | 59.28% | 82.38% | 75.03% |
| FCF Conversion (Net income) | 419.28% | - | 73.13% | 87.27% | 126.42% | 82.4% | 111.13% | 96.58% |
| Dividend per Share 2 | 1,200 | 700.0 | 5,000 | 7,000 | - | 3,333 | 2,250 | 3,000 |
| Announcement Date | 20-01-22 | 21-03-26 | 22-01-26 | 23-01-30 | 24-01-30 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2022 Q1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|
| Net sales 1 | - | 5,829,112 | 3,215,591 | 3,381,821 |
| EBITDA | - | - | - | - |
| EBIT | - | - | - | - |
| Operating Margin | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income 1 | 618,018 | 2,114,087 | 64,023 | 107,693 |
| Net margin | - | 36.27% | 1.99% | 3.18% |
| EPS | - | - | - | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 21-10-21 | 22-04-20 | 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 | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,583,648 | - | 2,279,286 | 4,875,152 | 673,418 | 583,000 | 1,253,000 | 1,257,500 |
| ROE (net income / shareholders' equity) | 4.7% | 8.6% | 33.5% | 45.8% | 4.23% | 8.14% | 8.55% | 10.8% |
| ROA (Net income/ Total Assets) | 3.35% | 6.08% | 24.7% | 35.3% | 3.43% | 5.1% | 7.9% | 9.1% |
| Assets 1 | 11,274,726 | 11,370,117 | 12,608,887 | 15,832,740 | 15,510,406 | 13,872,549 | 14,272,152 | 14,307,692 |
| Book Value Per Share 2 | 18,270 | 20,659 | 26,871 | 35,398 | 29,089 | 26,968 | 27,506 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 42,706 | 81,740 | 78,552 | 90,292 | 164,856 | 200,000 | 200,000 | 200,000 |
| Capex / Sales | 0.56% | 1.05% | 0.61% | 0.48% | 1.21% | 1.46% | 1.45% | 1.45% |
| Announcement Date | 20-01-22 | 21-03-26 | 22-01-26 | 23-01-30 | 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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
33,900
VND
Average target price
35,521
VND
Spread / Average Target
+4.78%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +1.80% | 525M | |
| +20.84% | 39.6B | |
| -.--% | 11.15B | |
| +6.68% | 8.09B | |
| +0.17% | 6.4B | |
| -2.09% | 6.22B | |
| -4.99% | 5.63B | |
| +37.95% | 5.37B | |
| -19.12% | 5.25B | |
| -20.68% | 4.3B |
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