DTP

Consumer

Công ty Cổ phần Dược phẩm CPC1 Hà Nội

Y tế/Dược phẩmCT

120.000

VND · Last close

Valuation Verdict

Overvalued

Medium

-120%Fair Value+120%

Intrinsic Value

75.656

Current

120.000

Gap

-37.0%

ModelFCF DCF

Valuation Breakdown

CT→Y tế→Consumer

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.

Weighted Avg Cost of Capital

Risk-Free (Rf)

4.50%

Betasector default

0.800

ERP

4.25%

CRP

2.75%

Cost of Equity (Ke)

10.10%

E/(D+E)

75.95%

Kd(1-t)

7.25%

D/(D+E)

24.05%

WACC

10.00%

Growth Estimate

fundamental firm blend12.67%

Growth decays 10%/yr toward terminal

Model Inputs

Base FCF→98.54B

Projection years→10

Valuation

Base FCF

98.54B

Growth Rate

12.67%

WACC

10.00%

Terminal Growth

4.00%

DCF Value

75.656

Value Decomposition

40%

60%

Explicit period (40%)Terminal value (60%)

Valuation Track Record

Retroactive intrinsic value vs actual close price — DTP

Earnings Quality

Fiscal year 2025

Good

Accrual QualityLow accruals vs reported earnings

Cash ConversionOperating cash flow vs net income

ReceivablesDSO trend vs revenue growth

100

Margin StabilityConsistency of profit margins

100

Revenue QualityConsistency of revenue growth

Financial Forensics

Beneish M-Score · 2025

-2.00

Moderate

DSRI

0.894

GMI

0.976

AQI

2.424

SGI

1.311

DEPI

0.000

SGAI

1.056

TATA

-0.029

LVGI

1.002

DTP exhibits a low risk of financial manipulation as indicated by a Beneish M-Score of -1.9996, well below the threshold of -1.78. The company's strong earnings quality score of 91.3/100 further supports the reliability of its financial statements.

Positive Signals

Earnings Quality Score of 91.3/100 indicates strong financial health and reliability.
The cash conversion metric at 96.3/100 suggests efficient cash management.

Ownership Risk

The ownership structure is concentrated with the top five shareholders holding over 73% of the company, which may lead to governance risks but also ensures alignment in strategic decisions.

Recommendation

Continue to monitor DTP for any changes in earnings quality metrics and ownership dynamics, but current indicators suggest a stable investment opportunity.

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

Quantitative Scores

F-Score

6/9

Neutral

Z-Score

8.85

Safe Zone

Sharpe

1.37

Excellent

Composite

Strong

Price Risk

Momentum

+71.4%

Volatility

26.1%

Max Drawdown

-15.7%

Key Ratios

Fiscal year 2025

13.74P/E

P/B3.25

P/S2.30

ROE26.1%

ROA19.8%

EPS8741.74

BVPS36985.95

Gross Margin54.0%

Net Margin16.7%

D/E0.32

Current Ratio2.70

Rev Growth31.8%

Profit Growth19.6%

EV/EBITDA9.19

Div Yield0.0%

Company Overview

Issued Shares

32.5M

Charter Capital

324.6B VND

Sector (ICB L2)

Y tế

Industry (ICB L3)

Dược phẩm

Sub-industry

Dược phẩm

Company Type

// OWNERSHIP_NETWORK

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

Shareholders

nguyen-thanh-binh

Indiv

19.3%

6.3 trieu

Lê Thị Kim Ánh

Indiv

17.2%

5.6 trieu

Công ty Cổ phần Dược phẩm Trung ương CPC1

Inst

16.4%

5.3 trieu

Lê Nam Thắng

Indiv

10.5%

3.4 trieu

Phùng Thanh Hương

Indiv

10.3%

3.3 trieu

Nguyễn Tiến Lung

Indiv

8.2%

2.7 trieu

Trần Nghĩa Lợi

Indiv

2.5%

797.332

nguyen-thanh-lam

Indiv

0.9%

283.598

Trần Thụy Khanh

Indiv

0.6%

201.330

Trần Thị Phương Thảo

Indiv

0.2%

28.699

nguyen-doan-liem

Indiv

0.2%

53.332

Đặng Thị Thu Thủy

Indiv

0.1%

44.258

Vũ Văn Hà

Indiv

0.1%

18.999

Board & Management

Nguyễn Thanh Bình19.3%

Tổng Giám đốc/Thành viên Hội đồng Quản trị

Lê Nam Thắng9.3%

Chủ tịch Hội đồng Quản trị

Trần Thụy Khanh0.6%

Trưởng Ban kiểm soát

Trần Thị Phương Thảo0.2%

Thành viên Ban kiểm soát

Nguyễn Doãn Liêm0.2%

Thành viên Hội đồng Quản trị

Đặng Thị Thu Thủy0.1%

Kế toán trưởng/Người phụ trách quản trị công ty

VŨ VĂN HÀ0.1%

Thành viên Hội đồng Quản trị

Tạ Thị Hải Huyền

Phụ trách Công bố thông tin

Trần Minh Thanh

Phó Tổng Giám đốc

Trương Thị Huệ

Thành viên Ban kiểm soát

Top connections

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Computed 12/04/2026