Financials Petrolimex Petrochemical Corporation -

Equities

PLC

VN000000PLC5

Oil & Gas Refining and Marketing

End-of-day quote HANOI S.E. 23:00:00 04/07/2024 BST 5-day change 1st Jan Change
27,200 VND -1.09% Intraday chart for Petrolimex Petrochemical Corporation - +2.64% -12.26%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,349,319 913,012 2,343,129 3,345,019 1,817,945 2,504,725
Enterprise Value (EV) 1 2,903,020 1,949,979 3,070,001 3,820,092 2,820,496 3,175,120
P/E ratio 9.46 x 7.07 x 16.9 x 21.1 x 19.2 x 26.4 x
Yield 9.58% 13.3% 5.17% 3.62% 5.33% 3.87%
Capitalization / Revenue 0.21 x 0.15 x 0.42 x 0.49 x 0.21 x 0.31 x
EV / Revenue 0.45 x 0.32 x 0.55 x 0.56 x 0.33 x 0.4 x
EV / EBITDA 8.37 x 5.71 x 9.75 x 14.3 x 6.99 x 10.9 x
EV / FCF -8.04 x 3.46 x 6.21 x 21.5 x -10.3 x 10.6 x
FCF Yield -12.4% 28.9% 16.1% 4.65% -9.68% 9.42%
Price to Book 1.02 x 0.69 x 1.86 x 2.44 x 1.48 x 1.91 x
Nbr of stocks (in thousands) 80,798 80,798 80,798 80,798 80,798 80,798
Reference price 2 16,700 11,300 29,000 41,400 22,500 31,000
Announcement Date 02/04/19 08/04/20 08/04/21 05/04/22 03/04/23 02/04/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,433,978 6,160,046 5,608,435 6,868,374 8,600,983 7,960,654
EBITDA 1 346,990 341,603 314,894 267,024 403,687 291,229
EBIT 1 285,660 266,600 219,202 205,452 337,878 221,249
Operating Margin 4.44% 4.33% 3.91% 2.99% 3.93% 2.78%
Earnings before Tax (EBT) 1 194,036 185,361 189,948 220,718 184,289 141,122
Net income 1 152,990 145,164 147,842 174,474 116,957 101,918
Net margin 2.38% 2.36% 2.64% 2.54% 1.36% 1.28%
EPS 2 1,766 1,599 1,715 1,960 1,173 1,173
Free Cash Flow 1 -361,250 563,769 494,360 177,566 -273,041 298,948
FCF margin -5.61% 9.15% 8.81% 2.59% -3.17% 3.76%
FCF Conversion (EBITDA) - 165.04% 156.99% 66.5% - 102.65%
FCF Conversion (Net income) - 388.37% 334.38% 101.77% - 293.32%
Dividend per Share 2 1,600 1,500 1,500 1,500 1,200 1,200
Announcement Date 02/04/19 08/04/20 08/04/21 05/04/22 03/04/23 02/04/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,553,700 1,036,966 726,872 475,073 1,002,551 670,395
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.478 x 3.036 x 2.308 x 1.779 x 2.483 x 2.302 x
Free Cash Flow 1 -361,250 563,769 494,360 177,566 -273,041 298,948
ROE (net income / shareholders' equity) 11.5% 11% 11.5% 13.3% 8.99% 8.02%
ROA (Net income/ Total Assets) 4.09% 3.57% 2.99% 2.69% 4.47% 3.12%
Assets 1 3,742,605 4,060,990 4,946,029 6,474,485 2,616,732 3,265,358
Book Value Per Share 2 16,396 16,360 15,551 16,999 15,206 16,256
Cash Flow per Share 2 7,224 5,161 8,645 4,652 6,807 3,560
Capex 1 222,211 202,291 54,066 43,376 37,133 58,477
Capex / Sales 3.45% 3.28% 0.96% 0.63% 0.43% 0.73%
Announcement Date 02/04/19 08/04/20 08/04/21 05/04/22 03/04/23 02/04/24
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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