The Discounted Cash Flow (DCF) valuation of Dak Doa Hydropower JSC (HPD.VN) is 36,791 VND. With the latest stock price at 17,000 VND, the upside of Dak Doa Hydropower JSC based on DCF is 116.4%.
Based on the latest price of 17,000 VND and our DCF valuation, Dak Doa Hydropower JSC (HPD.VN) is a buy. Buying HPD.VN stocks now will result in a potential gain of 116.4%.
Range | Selected | |
WACC / Discount Rate | 7.4% - 9.6% | 8.5% |
Long-term Growth Rate | 0.0% - 1.0% | 0.5% |
Fair Price | 30,988.29 - 45,397.93 | 36,791.34 |
Upside | 82.3% - 167.0% | 116.4% |
(VND in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 43,637 | 45,602 | 49,036 | 50,648 | 52,602 | 55,206 |
% Growth | 15% | 5% | 8% | 3% | 4% | 5% |
Cost of goods sold | (21,425) | (22,390) | (24,076) | (24,868) | (25,827) | (27,106) |
% of Revenue | 49% | 49% | 49% | 49% | 49% | 49% |
Selling, G&A expenses | 658 | 688 | 740 | 764 | 794 | 833 |
% of Revenue | 2% | 2% | 2% | 2% | 2% | 2% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (428) | (448) | (481) | (497) | (516) | (542) |
% of Revenue | 1% | 1% | 1% | 1% | 1% | 1% |
Tax expense | (2,291) | (1,194) | (1,284) | (1,327) | (1,378) | (1,446) |
Tax rate | 10% | 5% | 5% | 5% | 5% | 5% |
Net profit | 20,151 | 22,258 | 23,934 | 24,721 | 25,674 | 26,946 |
% Margin | 46% | 49% | 49% | 49% | 49% | 49% |