Financials Net Detergent

Equities

NET

VN000000NET9

Household Products

End-of-day quote HANOI S.E. 23:00:00 15/05/2024 BST 5-day change 1st Jan Change
103,500 VND -0.48% Intraday chart for Net Detergent -1.80% +61.21%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 604,756 1,030,325 1,343,902 1,243,110 949,691 1,437,976
Enterprise Value (EV) 1 588,682 939,739 1,239,737 1,127,082 893,645 1,268,710
P/E ratio 11.4 x 13.8 x 10.1 x 11 x 10.8 x 8.06 x
Yield 7.41% 6.96% 10% 9.01% 8.25% -
Capitalization / Revenue 0.54 x 0.89 x 0.91 x 0.84 x 0.62 x 0.79 x
EV / Revenue 0.53 x 0.81 x 0.84 x 0.76 x 0.58 x 0.7 x
EV / EBITDA 7.36 x 9.03 x 7.41 x 7.81 x 7.48 x 5.88 x
EV / FCF 10.9 x 9.24 x 52.9 x 9.59 x 37.8 x 10 x
FCF Yield 9.17% 10.8% 1.89% 10.4% 2.65% 10%
Price to Book 2.09 x 3.33 x 3.47 x 3.47 x 2.84 x 3.31 x
Nbr of stocks (in thousands) 22,398 22,398 22,398 22,398 22,398 22,398
Reference price 2 27,000 46,000 60,000 55,500 42,400 64,200
Announcement Date 06/03/19 23/03/20 18/03/21 22/03/22 03/03/23 12/03/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,117,335 1,157,311 1,470,114 1,479,645 1,529,909 1,809,653
EBITDA 1 79,966 104,051 167,267 144,245 119,501 215,671
EBIT 1 56,883 82,504 146,351 122,775 97,432 194,466
Operating Margin 5.09% 7.13% 9.96% 8.3% 6.37% 10.75%
Earnings before Tax (EBT) 1 60,363 86,279 153,687 130,965 101,716 204,921
Net income 1 56,620 81,123 133,411 113,364 88,155 178,435
Net margin 5.07% 7.01% 9.07% 7.66% 5.76% 9.86%
EPS 2 2,376 3,332 5,956 5,061 3,936 7,966
Free Cash Flow 1 54,001 101,720 23,427 117,524 23,670 126,841
FCF margin 4.83% 8.79% 1.59% 7.94% 1.55% 7.01%
FCF Conversion (EBITDA) 67.53% 97.76% 14.01% 81.47% 19.81% 58.81%
FCF Conversion (Net income) 95.37% 125.39% 17.56% 103.67% 26.85% 71.09%
Dividend per Share 2 2,000 3,200 6,000 5,000 3,500 -
Announcement Date 06/03/19 23/03/20 18/03/21 22/03/22 03/03/23 12/03/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 16,074 90,587 104,165 116,028 56,046 169,265
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 54,001 101,720 23,427 117,524 23,670 126,841
ROE (net income / shareholders' equity) 19.8% 27.2% 38.3% 30.4% 25.5% 46.4%
ROA (Net income/ Total Assets) 5.85% 8.7% 14.4% 11% 8.32% 14.7%
Assets 1 967,164 932,495 927,723 1,034,263 1,059,289 1,213,215
Book Value Per Share 2 12,921 13,809 17,284 15,987 14,923 19,390
Cash Flow per Share 2 4,032 1,631 1,766 1,849 8,586 11,766
Capex 1 10,831 631 9,566 13,065 1,314 13,157
Capex / Sales 0.97% 0.05% 0.65% 0.88% 0.09% 0.73%
Announcement Date 06/03/19 23/03/20 18/03/21 22/03/22 03/03/23 12/03/24
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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