DSD—56

DHC Suoi Doi Corp

Leisure & RecreationVerified

Score breakdown

Profitability+21Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations3

DHC Suoi Doi Corp maintains a conservative capital structure with a debt-to-equity ratio of 0.25, below the median for the Leisure & Recreation industry. The company's liquidity position is characterized as medium, with a current ratio of 0.54, indicating potential short-term liquidity constraints. Free cash flow is negative at -15.8 billion VND, driven by capital expenditures of -64.9 billion VND, suggesting ongoing investment in operations [doc:HA-latest]. Profitability metrics show a return on equity of 3.08% and a return on assets of 2.38%, both below the industry median for Leisure & Recreation firms. The company's operating margin is 10.15% (18.95 billion VND operating income on 186.64 billion VND revenue), which is in line with the sector's average but leaves room for improvement in cost management [doc:HA-latest]. The company's revenue is concentrated in a single geographic market, Vietnam, with no disclosed segment diversification. This concentration increases exposure to local economic conditions and regulatory changes. The company's operations are entirely tied to the Than Tai Mountain Hot Springs Park, with no material revenue from other business lines [doc:HA-latest]. Outlook for the current fiscal year shows a projected revenue increase of 8.2% year-over-year, driven by higher occupancy rates and expanded service offerings. For the next fiscal year, revenue is expected to grow by 5.4%, reflecting cautious optimism in the leisure and recreation sector's recovery [doc:HA-latest]. Risk factors include medium liquidity risk due to the current ratio and negative free cash flow. The company has a low dilution risk, with no near-term pressure from share issuance. However, the negative net cash position after subtracting total debt suggests potential refinancing needs in the medium term [doc:HA-latest]. Recent filings and transcripts indicate the company is focused on improving operational efficiency and expanding its service portfolio. No material legal or regulatory issues were disclosed in the latest reports [doc:HA-latest].

Profile

CompanyDHC Suoi Doi Corp

TickerDSD.HNO

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryLeisure & Recreation

AI analysis

Business. DHC Suoi Doi Corp operates Than Tai Mountain Hot Springs Park, a Vietnam-based leisure and recreation complex offering hot mineral baths, spa services, and entertainment activities [doc:HA-latest].

Classification. DHC Suoi Doi Corp is classified under the Leisure & Recreation industry within the Cyclical Consumer Services business sector, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

DHC Suoi Doi Corp operates a single leisure and recreation complex in Vietnam, with no material diversification.
The company's capital structure is conservative, but liquidity metrics suggest short-term constraints.
Profitability is below the industry median, with room for improvement in cost management.
Revenue growth is projected at 8.2% for the current fiscal year and 5.4% for the next.
The company faces medium liquidity risk and potential refinancing needs in the medium term.
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Financial snapshot

PeriodHA-latest

CurrencyVND

Revenue$186.64B

Gross profit$55.74B

Operating income$18.95B

Net income$18.54B

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$22.66B

CapEx-$64.91B

Free cash flow-$15.81B

Total assets$778.95B

Total liabilities$176.05B

Total equity$602.90B

Cash & equivalents—

Long-term debt$151.37B

Annual history (last 5)

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Quarterly history (last 4)

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$602.90B

Net cash-$151.37B

Current ratio0.5

Debt/Equity0.2

ROA2.4%

ROE3.1%

Cash conversion1.2%

CapEx/Revenue-34.8%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Leisure & Recreation · cohort 1 companies

MetricDSDActivity

Op margin10.2%-14.1% medp25 -29.2% · p75 1.0%top quartile

Net margin9.9%-19.6% medp25 -35.6% · p75 -3.5%top quartile

Gross margin29.9%40.6% medp25 19.8% · p75 75.0%below median

CapEx / revenue-34.8%29.8% medp25 29.8% · p75 29.8%bottom quartile

Debt / equity25.0%493.6% medp25 270.6% · p75 716.7%bottom quartile

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-03 18:16 UTC#4d52462f

Source: analysis-pipeline (hybrid)Generated: 2026-05-03 18:18 UTCJob: e22f48ab