Why is Dong A Paint JSC ?
1
Flat results in Mar 26
- OPERATING CASH FLOW(Y) Lowest at VND -32,055.47 MM
- NET PROFIT(HY) At VND 8,394.23 MM has Grown at -28.2%
- INTEREST(HY) At VND 2,664.67 MM has Grown at 32.47%
2
With ROE of 8.16%, it has a attractive valuation with a 0.69 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 43.00%, its profits have risen by 72% ; the PEG ratio of the company is 0.1
3
Market Beating Performance
- The stock has generated a return of 43.00% in the last 1 year, much higher than market (Vietnam VN Ho Chi Minh Index) returns of 16.45%
How much should you hold?
- Overall Portfolio exposure to Dong A Paint JSC should be less than 10%
- Overall Portfolio exposure to Other Industrial Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Industrial Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Dong A Paint JSC for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Dong A Paint JSC
-100.0%
1.09
61.10%
Vietnam VN Ho Chi Minh Index
16.45%
0.77
21.41%
Quality key factors
Factor
Value
Sales Growth (5y)
1.25%
EBIT Growth (5y)
-0.51%
EBIT to Interest (avg)
3.94
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
0.19
Sales to Capital Employed (avg)
0.63
Tax Ratio
9.88%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
7.26%
ROE (avg)
5.10%
Valuation Key Factors 
Factor
Value
P/E Ratio
8
Industry P/E
Price to Book Value
0.69
EV to EBIT
13.31
EV to EBITDA
10.09
EV to Capital Employed
0.75
EV to Sales
1.06
PEG Ratio
0.12
Dividend Yield
NA
ROCE (Latest)
5.62%
ROE (Latest)
8.16%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
Mildly Bullish
OBV
No Trend
No Trend
Technical Movement
11What is working for the Company
PRE-TAX PROFIT(Q)
At VND 5,086.41 MM has Grown at 155.45%
NET PROFIT(Q)
At VND 3,415.25 MM has Grown at 139.59%
CASH AND EQV(HY)
Highest at VND 158,582.53 MM
OPERATING PROFIT(Q)
Highest at VND 9,027.18 MM
OPERATING PROFIT MARGIN(Q)
Highest at 13.21 %
-8What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at VND -32,055.47 MM
NET PROFIT(HY)
At VND 8,394.23 MM has Grown at -28.2%
INTEREST(HY)
At VND 2,664.67 MM has Grown at 32.47%
DEBT-EQUITY RATIO
(HY)
Highest at 22.38 %
Here's what is working for Dong A Paint JSC
Pre-Tax Profit
At VND 5,086.41 MM has Grown at 155.45%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (VND MM)
Net Profit
At VND 3,415.25 MM has Grown at 139.59%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very positive
Net Profit (VND MM)
Operating Profit
Highest at VND 9,027.18 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (VND MM)
Operating Profit Margin
Highest at 13.21 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Cash and Eqv
Highest at VND 158,582.53 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Depreciation
At VND 2,365.13 MM has Grown at inf%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (VND MM)
Here's what is not working for Dong A Paint JSC
Operating Cash Flow
Lowest at VND -32,055.47 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (VND MM)
Interest
At VND 2,664.67 MM has Grown at 32.47%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Debt-Equity Ratio
Highest at 22.38 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio






