Financials Lam Thao Fertilizers & Chemicals

Equities

LAS

VN000000LAS3

Agricultural Chemicals

End-of-day quote HANOI S.E. 23:00:00 16/05/2024 BST 5-day change 1st Jan Change
21,700 VND -1.36% Intraday chart for Lam Thao Fertilizers & Chemicals +4.33% +55.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,297,849 778,709 914,137 2,381,270 846,423 1,579,990
Enterprise Value (EV) 1 2,235,208 1,745,980 981,175 2,525,453 1,226,429 1,247,005
P/E ratio 11.5 x 351 x 123 x 38.6 x 10 x 11.8 x
Yield - - - 2.84% - -
Capitalization / Revenue 0.36 x 0.27 x 0.4 x 0.85 x 0.27 x 0.46 x
EV / Revenue 0.63 x 0.61 x 0.43 x 0.9 x 0.39 x 0.36 x
EV / EBITDA 7.78 x 11.4 x 7.82 x 17.9 x 6.7 x 5.06 x
EV / FCF -21.5 x 47.8 x 1.1 x -36 x -7 x 1.74 x
FCF Yield -4.66% 2.09% 91% -2.78% -14.3% 57.6%
Price to Book 1.02 x 0.63 x 0.73 x 1.79 x 0.63 x 1.11 x
Nbr of stocks (in thousands) 112,856 112,856 112,856 112,856 112,856 112,856
Reference price 2 11,500 6,900 8,100 21,100 7,500 14,000
Announcement Date 11/03/19 05/03/20 05/03/21 03/03/22 08/03/24 08/03/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,565,469 2,849,053 2,293,594 2,801,047 3,155,706 3,440,292
EBITDA 1 287,141 153,584 125,512 141,064 183,107 246,517
EBIT 1 215,975 99,551 64,432 85,317 123,717 187,080
Operating Margin 6.06% 3.49% 2.81% 3.05% 3.92% 5.44%
Earnings before Tax (EBT) 1 155,885 12,294 15,635 85,319 119,165 186,316
Net income 1 122,697 2,411 8,054 67,024 93,708 148,538
Net margin 3.44% 0.08% 0.35% 2.39% 2.97% 4.32%
EPS 2 1,000 19.65 65.66 546.4 748.5 1,185
Free Cash Flow 1 -104,116 36,519 892,766 -70,193 -175,321 718,253
FCF margin -2.92% 1.28% 38.92% -2.51% -5.56% 20.88%
FCF Conversion (EBITDA) - 23.78% 711.3% - - 291.36%
FCF Conversion (Net income) - 1,514.66% 11,084.19% - - 483.55%
Dividend per Share - - - 600.0 - -
Announcement Date 11/03/19 05/03/20 05/03/21 03/03/22 08/03/24 08/03/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 937,360 967,270 67,038 144,183 380,006 -
Net Cash position 1 - - - - - 332,984
Leverage (Debt/EBITDA) 3.264 x 6.298 x 0.5341 x 1.022 x 2.075 x -
Free Cash Flow 1 -104,116 36,519 892,766 -70,193 -175,321 718,253
ROE (net income / shareholders' equity) 9.49% 0.19% 0.65% 5.16% 6.99% 10.7%
ROA (Net income/ Total Assets) 4.66% 2.14% 1.76% 2.62% 3.38% 5.03%
Assets 1 2,635,127 112,674 458,418 2,562,094 2,775,532 2,951,052
Book Value Per Share 2 11,261 10,975 11,042 11,807 11,965 12,598
Cash Flow per Share 2 661.0 553.0 643.0 162.0 406.0 201.0
Capex 1 79,311 42,242 37,695 34,499 43,380 69,454
Capex / Sales 2.22% 1.48% 1.64% 1.23% 1.37% 2.02%
Announcement Date 11/03/19 05/03/20 05/03/21 03/03/22 08/03/24 08/03/24
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. LAS Stock
  4. Financials Lam Thao Fertilizers & Chemicals