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Consumer sector

DMC

Consumer
Công ty Cổ phần Xuất nhập khẩu Y tế DOMESCO
Y tế/Dược phẩmCT
57.800
VND · Last close
Valuation Verdict
Undervalued
Low
-120%Fair Value+120%
Intrinsic Value
65.377
Current
57.800
Gap
+13.1%
ModelFCF DCF

Valuation Breakdown

CTY tếConsumer
Classified as consumer because ICB sector "Y tế" maps to the consumer group
ModelFCF-Based DCF
Value = Sum of [FCF / (1+WACC)^t] + Terminal Value / (1+WACC)^n

A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.

1
Weighted Avg Cost of Capital
Risk-Free (Rf)
4.50%
+
Betasector default
0.800
x
ERP
4.25%
+
CRP
2.75%
=
Cost of Equity (Ke)
10.10%
Ke
10.10%
x
E/(D+E)
87.61%
+
Kd(1-t)
6.40%
x
D/(D+E)
12.39%
=
WACC
10.00%
2
Growth Estimate
fundamental firm blend5.05%
Growth decays 10%/yr toward terminal
3
Model Inputs
Base FCF124.64B
Projection years10
4
Valuation
Base FCF
124.64B
Growth Rate
5.05%
WACC
10.00%
Terminal Growth
4.00%
DCF Value
65.377
Value Decomposition
43%
57%
Explicit period (43%)Terminal value (57%)

Valuation Track Record

Retroactive intrinsic value vs actual close price — DMC

Earnings Quality

Fiscal year 2025

89
Good
Accrual Quality
92
Cash Conversion
65
Receivables
100
Margin Stability
100
Revenue Quality
100

Financial Forensics

Beneish M-Score · 2025

-2.58
Low Risk
DSRI
0.886
GMI
1.111
AQI
0.360
SGI
1.088
DEPI
0.931
SGAI
0.904
TATA
0.019
LVGI
0.910

DMC exhibits a low risk of financial manipulation as indicated by its Beneish M-Score of -2.5774, well below the manipulation threshold of -1.78. The company's strong earnings quality metrics, particularly in revenue and margin, further support its financial integrity.

Positive Signals
  • Earnings Quality Score of 89.4/100 indicates strong overall earnings quality.
  • High receivables and margin scores (100.0/100) suggest effective revenue generation and collection processes.
Ownership Risk

The ownership structure is heavily concentrated, with Abbott Laboratories holding 51.7% and a state-owned enterprise controlling 34.7%. This concentration could lead to potential conflicts of interest or governance challenges.

Recommendation

Investors should monitor the company's performance closely but may consider DMC a stable investment given its strong earnings quality and low risk of manipulation.

Generated by AI based on quantitative data. Not financial advice.

Quantitative Scores

F-Score
4/9
Neutral
Z-Score
8.38
Safe Zone
Sharpe
-0.84
Negative
Composite
58
Fair
Price Risk
Momentum
-13.5%
Volatility
15.7%
Max Drawdown
-35.2%

Key Ratios

Fiscal year 2025
10.80P/E
P/B1.27
P/S1.03
ROE12.0%
ROA10.6%
EPS5702.45
BVPS48603.46
Gross Margin19.8%
Net Margin9.6%
D/E0.13
Current Ratio7.86
Rev Growth8.7%
Profit Growth-2.3%
EV/EBITDA8.60
Div Yield0.0%

Company Overview

Issued Shares
34.7M
Charter Capital
347.3B VND
Sector (ICB L2)
Y tế
Industry (ICB L3)
Dược phẩm
Sub-industry
Dược phẩm
Company Type
CT

// OWNERSHIP_NETWORK

> mapping common ownership for DMC — hover nodes for intel, click to navigate

Shareholders
Abbott Laboratories Holdco Spa
Indiv
51.7%
17.9 trieu
Tổng Công ty Đầu Tư Và Kinh Doanh Vốn Nhà Nước
State
34.7%
12.1 trieu
Deutsche Investment Management Americas Inc.
Inst
3.3%
871.130
Vietnam Dragon Fund Limited
Inst
3.1%
817.246
Quỹ Đầu tư Chứng khoán Y tế Bản Việt
Inst
3.0%
797.197
Dragon Capital
Inst
1.6%
424.000
Nguyễn Thị Tiện
Indiv
0.2%
40.193
Phạm Ngọc Tuyền
Indiv
0.1%
34.234
Board & Management
Phạm Ngọc Tuyền0.1%
Phụ trách Công bố thông tin/Kế toán trưởng
Nguyễn Phi Thức
Trưởng Ban kiểm soát
Cedric Guy Yves Schepens
Thành viên Hội đồng Quản trị
Phan Thế Thành
Thành viên Ban kiểm soát
Leonid Goldshteyn
Thành viên Hội đồng Quản trị
Nguyễn Việt Phương
Chủ tịch Hội đồng Quản trị
Lương Thị Hương Giang
Tổng Giám đốc/Phó Chủ tịch Hội đồng Quản trị
Douglas Kuo
Thành viên Hội đồng Quản trị
Sze Chin Wong
Thành viên Ban kiểm soát
Samuel Timothy Nance
Thành viên Ban kiểm soát
Nguyễn Văn Hóa
Phó Tổng Giám đốc/Thành viên Hội đồng Quản trị
Nguyễn Duy Tùng
Người phụ trách quản trị công ty/Giám đốc Tài chính
Servane Marie Amelie Gorgiard
Thành viên Ban kiểm soát
Computed 12/04/2026
Methodology & Disclosure

vnvalue is a methodology engine — not an advisor. Every number is the deterministic output of a published formula applied to public financial data. Nothing on this page constitutes investment, financial, legal, or tax advice, nor a recommendation to buy, sell, or hold any security.

All data, models, and outputs are provided AS IS without warranty of any kind. You are solely responsible for your investment decisions. Past performance and historical valuations are not indicative of future results.

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