GEMADEPT CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 83,000 VND | -0.48% |
|
-0.24% | +17.73% |
| 04-26 | Gemadept Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 01-30 | Gemadept Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,918,351 | 9,679,754 | 14,255,177 | 13,682,559 | 21,565,848 | 25,770,417 | - | - |
| Enterprise Value (EV) 1 | 8,766,288 | 11,129,267 | 15,487,706 | 13,682,559 | 21,712,323 | 24,778,817 | 24,679,967 | 23,373,917 |
| P/E ratio | 14.6 x | 28.8 x | 25.6 x | 14.9 x | 9.9 x | 19.4 x | 20 x | 15 x |
| Yield | 4.29% | 3.68% | 2.54% | - | - | 2.09% | 2.31% | 3.07% |
| Capitalization / Revenue | 2.62 x | 3.72 x | 4.45 x | 3.49 x | 5.61 x | 6.25 x | 5.88 x | 5.2 x |
| EV / Revenue | 3.32 x | 4.27 x | 4.83 x | 3.49 x | 5.65 x | 6.01 x | 5.63 x | 4.72 x |
| EV / EBITDA | 9.74 x | 12.7 x | 14.4 x | 9.25 x | 14.4 x | 14.4 x | 13.1 x | 10.9 x |
| EV / FCF | -709 x | 26.1 x | 40.9 x | 14.6 x | -18.8 x | 37.7 x | 20.8 x | 15.1 x |
| FCF Yield | -0.14% | 3.84% | 2.44% | 6.85% | -5.32% | 2.65% | 4.81% | 6.62% |
| Price to Book | 1.18 x | 1.66 x | 2.26 x | 1.98 x | 2.52 x | 2.57 x | 2.4 x | - |
| Nbr of stocks (in thousands) | 296,925 | 296,925 | 301,378 | 301,378 | 305,899 | 310,487 | - | - |
| Reference price 2 | 23,300 | 32,600 | 47,300 | 45,400 | 70,500 | 83,000 | 83,000 | 83,000 |
| Announcement Date | 30/01/20 | 01/02/21 | 07/02/22 | 30/01/23 | 30/01/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,640,614 | 2,603,820 | 3,205,928 | 3,915,613 | 3,845,875 | 4,123,920 | 4,382,175 | 4,955,250 |
| EBITDA 1 | 899,659 | 874,655 | 1,072,416 | 1,479,211 | 1,510,905 | 1,724,233 | 1,888,667 | 2,145,700 |
| EBIT 1 | 534,901 | 467,164 | 692,870 | 1,103,635 | 1,115,927 | 1,271,433 | 1,404,867 | 1,621,100 |
| Operating Margin | 20.26% | 17.94% | 21.61% | 28.19% | 29.02% | 30.83% | 32.06% | 32.71% |
| Earnings before Tax (EBT) 1 | 704,608 | 512,403 | 806,075 | 1,308,276 | 3,143,670 | 1,900,640 | 1,843,725 | 2,465,900 |
| Net income 1 | 514,858 | 365,661 | 604,761 | 995,038 | 2,221,551 | 1,401,840 | 1,328,450 | 1,800,450 |
| Net margin | 19.5% | 14.04% | 18.86% | 25.41% | 57.76% | 33.99% | 30.31% | 36.33% |
| EPS 2 | 1,595 | 1,133 | 1,846 | 3,037 | 7,119 | 4,288 | 4,142 | 5,530 |
| Free Cash Flow 1 | -12,368 | 427,139 | 378,651 | 937,642 | -1,156,019 | 656,500 | 1,187,400 | 1,547,600 |
| FCF margin | -0.47% | 16.4% | 11.81% | 23.95% | -30.06% | 15.92% | 27.1% | 31.23% |
| FCF Conversion (EBITDA) | - | 48.84% | 35.31% | 63.39% | - | 38.07% | 62.87% | 72.13% |
| FCF Conversion (Net income) | - | 116.81% | 62.61% | 94.23% | - | 46.83% | 89.38% | 85.96% |
| Dividend per Share 2 | 1,000 | 1,200 | 1,200 | - | - | 1,733 | 1,917 | 2,550 |
| Announcement Date | 30/01/20 | 01/02/21 | 07/02/22 | 30/01/23 | 30/01/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2023 Q1 | 2023 Q2 |
|---|---|---|---|---|---|
| Net sales | - | 977,930 | 991,937 | - | - |
| EBITDA 1 | - | - | - | - | 2,336,142 |
| EBIT 1 | - | - | - | - | 2,166,551 |
| Operating Margin | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - |
| Net income 1 | 273,732 | 287,881 | 243,881 | 202,174 | 1,646,210 |
| Net margin | - | 29.44% | 24.59% | - | - |
| EPS | 836.0 | - | - | 617.0 | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 25/04/22 | 29/07/22 | 28/10/22 | 04/05/23 | 31/07/23 |
1VND in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,847,937 | 1,449,513 | 1,232,529 | - | 146,475 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 991,600 | 1,090,450 | 2,396,500 |
| Leverage (Debt/EBITDA) | 2.054 x | 1.657 x | 1.149 x | - | 0.0969 x | - | - | - |
| Free Cash Flow 1 | -12,368 | 427,139 | 378,651 | 937,642 | -1,156,019 | 656,500 | 1,187,400 | 1,547,600 |
| ROE (net income / shareholders' equity) | 8.77% | 6.21% | 9.9% | 15% | 28.7% | 14.3% | 13.3% | 16.7% |
| ROA (Net income/ Total Assets) | 5.12% | 3.66% | 5.88% | 8.32% | 16.7% | 9.78% | 9.43% | 11.6% |
| Assets 1 | 10,057,587 | 9,988,724 | 10,283,300 | 11,960,883 | 13,286,393 | 14,341,074 | 14,094,960 | 15,588,312 |
| Book Value Per Share 2 | 19,752 | 19,604 | 20,967 | 22,986 | 27,975 | 32,287 | 34,620 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 351,348 | 215,140 | 586,166 | 1,395,172 | 1,067,867 | 215,800 | 441,950 | 224,000 |
| Capex / Sales | 13.31% | 8.26% | 18.28% | 35.63% | 27.77% | 5.23% | 10.09% | 4.52% |
| Announcement Date | 30/01/20 | 01/02/21 | 07/02/22 | 30/01/23 | 30/01/24 | - | - | - |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
83,000
VND
Average target price
87,180
VND
Spread / Average Target
+5.04%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +17.73% | 1.02B | |
| +41.73% | 12.08B | |
| +20.61% | 6.27B | |
| -0.93% | 2.27B | |
| -15.71% | 1.96B | |
| +3.89% | 1.67B | |
| -12.94% | 1.21B | |
| +36.69% | 1.21B | |
| +7.76% | 670M | |
| +28.67% | 648M |
- Stock Market
- Equities
- GMD Stock
- Financials Gemadept Corporation
