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Gemadept

HOSE:GMD
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GMD
HOSE
₫4,899B
Market Cap
  1. Home
  2. VN
  3. Transportation
Company description

Gemadept Corporation engages in the port operation and logistics businesses in Vietnam. The last earnings update was 70 days ago. More info.


Add to Portfolio Compare Print
  • Gemadept has significant price volatility in the past 3 months.
GMD Share Price and Events
7 Day Returns
10.4%
HOSE:GMD
2.9%
VN Infrastructure
9.8%
VN Market
1 Year Returns
-37.1%
HOSE:GMD
-11.6%
VN Infrastructure
-22.3%
VN Market
GMD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gemadept (GMD) 10.4% -8.3% -25% -37.1% -49.3% -11%
VN Infrastructure 2.9% -4.4% -11% -11.6% -28.7% 1.3%
VN Market 9.8% -9.8% -20.9% -22.3% 8.7% 44.7%
1 Year Return vs Industry and Market
  • GMD underperformed the Infrastructure industry which returned -11.6% over the past year.
  • GMD underperformed the Market in Viet Nam which returned -22.3% over the past year.
Price Volatility
GMD
Industry
5yr Volatility vs Market

Value

 Is Gemadept undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gemadept to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gemadept.

HOSE:GMD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.8%
Perpetual Growth Rate 10-Year VN Government Bond Rate 3.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HOSE:GMD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year VN Govt Bond Rate 3.7%
Equity Risk Premium S&P Global 9.3%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.722 (1 + (1- 20%) (42.41%))
0.978
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.71% + (0.978 * 9.33%)
12.84%

Discounted Cash Flow Calculation for HOSE:GMD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gemadept is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

HOSE:GMD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (VND, Millions) Source Present Value
Discounted (@ 12.84%)
2020 -215,000.00 Analyst x1 -190,539.94
2021 657,700.00 Analyst x2 516,562.62
2022 -283,000.00 Analyst x1 -196,983.18
2023 -250,000.00 Analyst x1 -154,216.30
2024 865,000.00 Analyst x1 472,883.26
2025 952,109.65 Est @ 10.07% 461,288.23
2026 1,029,824.05 Est @ 8.16% 442,176.85
2027 1,100,126.38 Est @ 6.83% 418,623.03
2028 1,164,941.92 Est @ 5.89% 392,855.08
2029 1,225,951.69 Est @ 5.24% 366,394.57
Present value of next 10 years cash flows ₫2,529,044.00
HOSE:GMD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₫1,225,951.69 × (1 + 3.71%) ÷ (12.84% – 3.71%)
₫13,930,117.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₫13,930,117.94 ÷ (1 + 12.84%)10
₫4,163,230.61
HOSE:GMD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₫2,529,044.00 + ₫4,163,230.61
₫6,692,274.61
Equity Value per Share
(VND)
= Total value / Shares Outstanding
= ₫6,692,274.61 / 296.92
₫22538.61
HOSE:GMD Discount to Share Price
Calculation Result
Value per share (VND) From above. ₫22,538.61
Current discount Discount to share price of ₫16,500.00
= -1 x (₫16,500.00 - ₫22,538.61) / ₫22,538.61
26.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Gemadept is available for.
Intrinsic value
27%
Share price is ₫16500 vs Future cash flow value of ₫22538.61
Current Discount Checks
For Gemadept to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gemadept's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gemadept's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gemadept's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gemadept's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HOSE:GMD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in VND ₫1,595.25
HOSE:GMD Share Price ** HOSE (2020-04-09) in VND ₫16500
Viet Nam Infrastructure Industry PE Ratio Median Figure of 15 Publicly-Listed Infrastructure Companies 7.59x
Viet Nam Market PE Ratio Median Figure of 387 Publicly-Listed Companies 7.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gemadept.

HOSE:GMD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HOSE:GMD Share Price ÷ EPS (both in VND)

= 16500 ÷ 1,595.25

10.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gemadept is overvalued based on earnings compared to the VN Infrastructure industry average.
  • Gemadept is overvalued based on earnings compared to the Viet Nam market.
Price based on expected Growth
Does Gemadept's expected growth come at a high price?
Raw Data
HOSE:GMD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
5.6%per year
Asia Infrastructure Industry PEG Ratio Median Figure of 50 Publicly-Listed Infrastructure Companies 1.16x
Viet Nam Market PEG Ratio Median Figure of 56 Publicly-Listed Companies 0.55x

*Line of best fit is calculated by linear regression .

HOSE:GMD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.34x ÷ 5.6%

1.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gemadept is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Gemadept's assets?
Raw Data
HOSE:GMD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in VND ₫19,751.51
HOSE:GMD Share Price * HOSE (2020-04-09) in VND ₫16500
Viet Nam Infrastructure Industry PB Ratio Median Figure of 15 Publicly-Listed Infrastructure Companies 1.32x
Viet Nam Market PB Ratio Median Figure of 404 Publicly-Listed Companies 0.89x
HOSE:GMD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HOSE:GMD Share Price ÷ Book Value per Share (both in VND)

= 16500 ÷ 19,751.51

0.84x

* Primary Listing of Gemadept.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gemadept is good value based on assets compared to the VN Infrastructure industry average.
X
Value checks
We assess Gemadept's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Gemadept has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Gemadept expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gemadept expected to grow at an attractive rate?
  • Gemadept's earnings growth is expected to exceed the low risk savings rate of 3.7%.
Growth vs Market Checks
  • Gemadept's earnings growth is positive but not above the Viet Nam market average.
  • Gemadept's revenue growth is positive but not above the Viet Nam market average.
Annual Growth Rates Comparison
Raw Data
HOSE:GMD Future Growth Rates Data Sources
Data Point Source Value (per year)
HOSE:GMD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 5.6%
HOSE:GMD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.9%
Asia Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Asia Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
Viet Nam Market Earnings Growth Rate Market Cap Weighted Average 15.9%
Viet Nam Market Revenue Growth Rate Market Cap Weighted Average 18%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HOSE:GMD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in VND Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HOSE:GMD Future Estimates Data
Date (Data in VND Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 2,964,000 763,000 566,000 1
2021-12-31 3,166,600 868,100 523,800 2
2020-12-31 2,707,000 729,500 472,000 1
2020-04-09
HOSE:GMD Past Financials Data
Date (Data in VND Millions) Revenue Cash Flow Net Income *
2019-12-31 2,640,614 345,686 473,669
2019-09-30 2,704,750 638,881 578,484
2019-06-30 2,706,413 594,309 562,739
2019-03-31 2,634,786 535,061 655,128
2018-12-31 2,707,556 545,285 1,809,124
2018-09-30 3,113,153 447,163 1,825,559
2018-06-30 3,393,532 485,913 1,798,064
2018-03-31 3,823,957 613,597 1,633,036
2017-12-31 3,983,963 632,877 467,254
2017-09-30 3,904,764 866,232 385,876
2017-06-30 3,832,221 726,307 363,244
2017-03-31 3,727,330 739,391 388,204

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gemadept's earnings are expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
  • Gemadept's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HOSE:GMD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Gemadept Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HOSE:GMD Future Estimates Data
Date (Data in VND Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1,811.00 1,811.00 1,811.00 1.00
2021-12-31 1,720.00 1,753.00 1,687.00 2.00
2020-12-31 1,509.00 1,509.00 1,509.00 1.00
2020-04-09
HOSE:GMD Past Financials Data
Date (Data in VND Millions) EPS *
2019-12-31 1,595.25
2019-09-30 1,947.40
2019-06-30 1,880.25
2019-03-31 2,270.15
2018-12-31 6,207.37
2018-09-30 6,310.40
2018-06-30 6,164.06
2018-03-31 6,184.71
2017-12-31 1,961.78
2017-09-30 1,830.27
2017-06-30 2,105.28
2017-03-31 2,240.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Gemadept is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gemadept's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gemadept has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Gemadept performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gemadept's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gemadept has delivered over 20% year on year earnings growth in the past 5 years.
  • Gemadept's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Gemadept's 1-year earnings growth is negative, it can't be compared to the VN Infrastructure industry average.
Earnings and Revenue History
Gemadept's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gemadept Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HOSE:GMD Past Revenue, Cash Flow and Net Income Data
Date (Data in VND Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,640,614.23 473,669.31 461,825.77
2019-09-30 2,704,749.90 578,483.58 419,173.67
2019-06-30 2,706,413.26 562,738.71 407,550.72
2019-03-31 2,634,785.79 655,128.26 428,131.08
2018-12-31 2,707,556.39 1,809,124.13 422,532.44
2018-09-30 3,113,153.36 1,825,559.22 464,043.16
2018-06-30 3,393,532.20 1,798,063.67 480,715.51
2018-03-31 3,823,957.20 1,633,035.85 444,695.91
2017-12-31 3,983,962.68 467,253.58 431,722.44
2017-09-30 3,904,763.76 385,875.64 401,104.78
2017-06-30 3,832,221.08 363,244.12 378,085.50
2017-03-31 3,727,330.27 388,204.10 360,447.71
2016-12-31 3,741,668.88 360,509.66 359,617.12
2016-09-30 3,635,105.79 349,203.72 334,510.24
2016-06-30 3,662,627.70 356,561.81 335,616.67
2016-03-31 3,652,451.96 378,036.49 319,476.21
2015-12-31 3,586,332.45 370,170.97 305,672.78
2015-09-30 3,575,573.99 250,118.57 286,730.76
2015-06-30 3,382,610.60 180,005.96 301,814.11
2015-03-31 3,170,586.20 593,526.59 312,334.48
2014-12-31 3,012,604.51 501,832.39 312,244.69
2014-09-30 2,794,938.06 560,170.66 309,371.16
2014-06-30 2,703,131.44 553,998.99 277,112.36
2014-03-31 2,611,366.99 3,109.87 258,475.37
2014-01-01 2,525,137.59 192,202.67 256,389.35
2013-09-30 2,467,804.44 196,538.48 268,793.68
2013-06-30 2,469,432.83 209,583.55 256,646.76

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gemadept has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gemadept used its assets less efficiently than the VN Infrastructure industry average last year based on Return on Assets.
  • Gemadept's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gemadept's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gemadept has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Gemadept's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gemadept's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gemadept's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Gemadept's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gemadept's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gemadept Company Filings, last reported 3 months ago.

HOSE:GMD Past Debt and Equity Data
Date (Data in VND Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 6,558,334.34 1,872,990.67 230,052.59
2019-09-30 6,952,368.74 1,553,748.89 264,372.46
2019-06-30 6,804,130.54 1,713,888.68 317,634.24
2019-03-31 6,670,296.85 1,958,215.61 255,867.42
2018-12-31 6,528,982.45 2,006,211.23 291,248.61
2018-09-30 6,383,447.41 2,169,455.13 267,009.10
2018-06-30 6,592,946.18 2,007,947.25 296,550.51
2018-03-31 6,369,787.39 1,936,502.73 587,446.39
2017-12-31 7,094,537.08 1,847,883.93 915,738.83
2017-09-30 6,962,327.49 1,651,599.43 680,371.63
2017-06-30 6,790,588.72 1,526,453.31 729,373.35
2017-03-31 5,973,237.39 2,451,690.17 756,440.61
2016-12-31 5,869,897.24 2,437,317.77 820,206.32
2016-09-30 5,665,577.49 2,084,203.40 1,003,646.98
2016-06-30 5,560,911.94 2,030,375.95 960,187.75
2016-03-31 5,698,275.56 1,881,882.38 1,103,316.29
2015-12-31 5,559,725.53 1,841,682.71 1,020,596.63
2015-09-30 5,463,934.11 1,900,926.99 1,591,174.15
2015-06-30 5,167,142.01 1,816,996.44 1,564,402.13
2015-03-31 5,298,610.16 1,823,498.03 1,476,800.71
2014-12-31 5,219,062.58 1,868,757.02 1,089,064.66
2014-09-30 5,187,082.44 1,818,991.53 1,563,896.32
2014-06-30 5,153,395.94 2,093,436.98 1,912,808.37
2014-03-31 4,846,175.79 1,911,795.97 1,089,347.74
2014-01-01 4,920,705.33 1,784,366.46 1,034,556.21
2013-09-30 4,907,444.36 1,609,007.18 1,264,019.70
2013-06-30 4,753,767.35 1,547,117.64 1,247,823.63
  • Gemadept's level of debt (28.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (35.8% vs 28.6% today).
  • Debt is not well covered by operating cash flow (18.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess Gemadept's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gemadept has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Gemadept's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.09%
Current annual income from Gemadept dividends. Estimated to be 9.7% next year.
If you bought ₫2,000 of Gemadept shares you are expected to receive ₫182 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gemadept's pays a higher dividend yield than the bottom 25% of dividend payers in Viet Nam (5.2%).
  • Gemadept's dividend is below the markets top 25% of dividend payers in Viet Nam (13.32%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HOSE:GMD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Viet Nam Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 9.1%
Viet Nam Market Average Dividend Yield Market Cap Weighted Average of 242 Stocks 4.6%
Viet Nam Minimum Threshold Dividend Yield 10th Percentile 3.5%
Viet Nam Bottom 25% Dividend Yield 25th Percentile 5.2%
Viet Nam Top 25% Dividend Yield 75th Percentile 13.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HOSE:GMD Future Dividends Estimate Data
Date (Data in ₫) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1,500.00 1.00
2021-12-31 1,700.00 2.00
2020-12-31 1,566.67 3.00
2020-04-09
HOSE:GMD Past Annualized Dividends Data
Date (Data in ₫) Dividend per share (annual) Avg. Yield (%)
2019-10-30 1,500.000 7.312
2018-06-04 1,500.000 5.611
2017-05-30 1,500.000 3.978
2016-05-20 1,333.333 4.553
2015-08-28 1,333.333 5.150
2015-03-31 1,333.333 6.432
2015-01-30 800.000 4.233
2014-03-31 800.000 3.699
2014-02-17 800.000 3.385
2013-06-10 666.667 3.501
2011-05-26 400.000 2.803

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Gemadept has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Gemadept only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Gemadept's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Gemadept's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 3.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gemadept afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gemadept has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Gemadept's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Do Minh
TENURE AS CEO 13 years
CEO Bio

Mr. Do Van Minh serves as the General Director, Member of Management Board and Director of Gemadept Corporation.

CEO Compensation
  • Insufficient data for Do to compare compensation growth.
  • Insufficient data for Do to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Do Minh

TITLE
CEO, General Director
TENURE
13 yrs

Chu Khang

TITLE
Deputy Chairman

Pham Long

TITLE
Deputy General Director & Member of Management Board

Nguyen Binh

TITLE
Deputy General Director & Member of Management Board

Nguyen Nguyet

TITLE
Chief Accountant & Member of Management Board
Board of Directors

Do-Van Nhan

TITLE
Chairman of the Board

Do Minh

TITLE
CEO, General Director

Chu Khang

TITLE
Deputy Chairman

Phan Loc

TITLE
Deputy Chairman & Member of Management Board
AGE
57

Nguyen Nguyet

TITLE
Chief Accountant & Member of Management Board

Luu Giai

TITLE
Chief of Control Board
AGE
54

Vu Ninh

TITLE
Member of Management Board

Huong Thi Bui

TITLE
Member of Management Board

Bolat Duisenov

TITLE
Member of Management Board

David Do

TITLE
Member of Board of Management
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₫) Value (₫)
X
Management checks
We assess Gemadept's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gemadept has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Gemadept Corporation engages in the port operation and logistics businesses in Vietnam. The company operates Phuoc Long Port, Nam Hai Port, Nam Hai Dinh Vu Port, Nam Dinh Vu Port, Dung Quat Port, Binh Duong Port and Nam Hai ICD Port, as well as invests in the Gemalink Cai Mep Deep-sea Container Port project. It also provides container liner, project cargo transport, multi-modal transport, ship and crew management, shipping agency, and freight forwarding services; and operates distribution centers, air cargo terminals, etc. In addition, the company engages in planting, exploiting, and processing rubber trees and other industrial crops. Further, it builds and operates commercial centers, hotels, and office buildings, as well as mixed-use development projects. The company was founded in 1990 and is headquartered in Ho Chi Minh City, Vietnam.

Details
Name: Gemadept Corporation
GMD
Exchange: HOSE
Founded: 1990
₫4,899,261,790,500
296,924,957
Website: http://www.gemadept.com.vn
Address: Gemadept Corporation
No. 6 Le Thanh Ton Street,
21st Floor,
Ho Chi Minh City,
Vietnam
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HOSE GMD Common Shares Ho Chi Minh Stock Exchange VN VND 16. Jun 2008
Number of employees
Current staff
Staff numbers
1,471
Gemadept employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 17:26
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/02/19
Last earnings filing: 2020/01/30
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.