Why is Dong Nai Paint Corp. ?
1
Flat results in Mar 26
- OPERATING CASH FLOW(Y) Lowest at VND 506.08 MM
- ROCE(HY) Lowest at 10.99%
- RAW MATERIAL COST(Y) Grown by 20.85% (YoY)
2
With ROE of 9.03%, it has a fair valuation with a 0.00 Price to Book Value
- Over the past year, while the stock has generated a return of -20.73%, its profits have fallen by -16.8%
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -20.73% returns in the last 1 year, the stock has also underperformed Vietnam VN Ho Chi Minh Index in each of the last 3 annual periods
How much should you hold?
- Overall Portfolio exposure to Dong Nai Paint Corp. 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 Nai Paint Corp. for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Dong Nai Paint Corp.
-20.73%
-1.03
33.86%
Vietnam VN Ho Chi Minh Index
38.87%
1.81
21.48%
Quality key factors
Factor
Value
Sales Growth (5y)
-4.83%
EBIT Growth (5y)
-4.24%
EBIT to Interest (avg)
6.88
Debt to EBITDA (avg)
0.39
Net Debt to Equity (avg)
0.15
Sales to Capital Employed (avg)
1.43
Tax Ratio
20.63%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
27.93%
ROE (avg)
19.68%
Valuation Key Factors 
Factor
Value
P/E Ratio
Industry P/E
Price to Book Value
NA
EV to EBIT
0.42
EV to EBITDA
0.41
EV to Capital Employed
0.07
EV to Sales
0.04
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
15.33%
ROE (Latest)
9.03%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
Bearish
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
No Trend
Bearish
OBV
No Trend
Mildly Bearish
Technical Movement
7What is working for the Company
PRE-TAX PROFIT(Q)
Highest at VND 5,791.16 MM
NET PROFIT(Q)
Highest at VND 3,799 MM
EPS(Q)
Highest at VND 1,251.14
-8What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at VND 506.08 MM
ROCE(HY)
Lowest at 10.99%
RAW MATERIAL COST(Y)
Grown by 20.85% (YoY
Here's what is working for Dong Nai Paint Corp.
Pre-Tax Profit
At VND 5,791.16 MM has Grown at 148.12%
over average net sales of the previous four periods of VND 2,334 MMMOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (VND MM)
Net Profit
At VND 3,799 MM has Grown at 151.81%
over average net sales of the previous four periods of VND 1,508.67 MMMOJO Watch
Near term Net Profit trend is very positive
Net Profit (VND MM)
Pre-Tax Profit
Highest at VND 5,791.16 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (VND MM)
Net Profit
Highest at VND 3,799 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (VND MM)
EPS
Highest at VND 1,251.14
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (VND)
Depreciation
At VND 107.05 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 Nai Paint Corp.
Operating Cash Flow
Lowest at VND 506.08 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)
Raw Material Cost
Grown by 20.85% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






