Company Valuation: Coteccons Construction

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,806,154 3,973,640 5,127,142 7,005,094 8,544,016 6,161,581 - -
Change - -17.32% 29.03% 36.63% 21.97% -27.88% - -
Enterprise Value (EV) 1 1,522,479 3,973,640 5,127,142 7,005,094 8,544,016 4,819,381 3,556,681 3,680,681
Change - 161% 29.03% 36.63% 21.97% -43.59% -26.2% 3.49%
P/E 198x 192x 97.3x - - - - -
PBR 0.58x 0.48x - - 0.97x 0.61x 0.56x -
PEG - -13.6x 1x - - - - -
Capitalization / Revenue 0.53x 0.27x 0.76x 0.36x 0.34x 0.2x 0.14x 0.14x
EV / Revenue 0.17x 0.27x 0.76x 0.36x 0.34x 0.16x 0.08x 0.08x
EV / EBITDA -10.6x -28x - - 14.4x 4.83x 3.12x 2.82x
EV / EBIT -6.14x -16x - 73.5x 17.9x 6.07x 3.14x 3.19x
EV / FCF 4.74x -2.18x - -13.3x - -57.6x 3.13x -14.1x
FCF Yield 21.1% -45.8% - -7.51% - -1.74% 31.9% -7.1%
Dividend per Share 2 679.7 - - - - 952 1,000 1,000
Rate of return 1.54% - - - - 1.73% 1.81% 1.81%
EPS 2 221.8 190.5 481.6 - - - - -
Distribution rate 306% - - - - - - -
Net sales 1 9,087,304 14,538,688 6,748,538 19,227,626 24,866,699 30,691,733 43,281,267 45,209,300
EBITDA 1 -143,267 -141,735 - - 592,320 998,450 1,140,250 1,307,000
EBIT 1 -247,777 -248,024 - 95,330 478,619 794,067 1,131,600 1,153,300
Net income 1 24,191 20,712 - - - 828,400 891,600 1,016,600
Net Debt 1 -3,283,674 - - - - -1,342,200 -2,604,900 -2,480,900
Reference price 2 44,013.61 36,598.64 46,870.75 63,582.77 77,551.02 55,100.00 55,100.00 55,100.00
Nbr of stocks (in thousands) 109,197 108,573 109,389 110,173 110,173 111,825 - -
Announcement Date 27/01/22 30/01/23 28/07/23 01/08/24 30/07/25 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- 0.16x4.83x - 234M
64.77x2.8x27.37x0.07% 93.91B
13.15x1.06x5.84x4.46% 71.19B
35.8x4.43x23.98x0.18% 60.91B
25.13x1.93x18.7x1.24% 54.07B
55.22x4.6x29.38x1.67% 45.7B
32.28x0.77x12.79x1.95% 38.33B
27.07x0.53x8.47x2.2% 34.63B
25.42x1.65x15.87x0.19% 33.1B
4.84x0.3x5.82x5.89% 28.68B
Average 31.52x 1.82x 15.31x 1.98% 46.08B
Weighted average by Cap. 35.26x 2.24x 17.97x 1.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Coteccons Construction