Financials Van Phat Hung Corporation

Equities

VPH

VN000000VPH3

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. 23:00:00 13/05/2024 BST 5-day change 1st Jan Change
7,470 VND +6.87% Intraday chart for Van Phat Hung Corporation +8.58% -12.01%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 452,904 386,199 488,232 1,306,402 380,518 809,588
Enterprise Value (EV) 1 815,213 626,967 941,321 1,725,597 839,924 1,582,560
P/E ratio 3.35 x 12.6 x 37.7 x 15.8 x 19.4 x -950 x
Yield - - 11.7% 5.11% - -
Capitalization / Revenue 0.64 x 2.38 x 1.82 x 4.5 x 2.35 x 11.1 x
EV / Revenue 1.15 x 3.86 x 3.5 x 5.94 x 5.2 x 21.6 x
EV / EBITDA 3.92 x 18.9 x 16.5 x 19.6 x 21.1 x -111 x
EV / FCF 20.1 x 4.75 x -4.55 x 12.2 x -188 x -5.06 x
FCF Yield 4.96% 21% -22% 8.22% -0.53% -19.7%
Price to Book 0.43 x 0.38 x 0.47 x 1.24 x 0.38 x 0.8 x
Nbr of stocks (in thousands) 94,714 95,358 95,358 95,358 95,368 95,358
Reference price 2 4,782 4,050 5,120 13,700 3,990 8,490
Announcement Date 25/03/19 21/04/20 01/04/21 30/03/22 30/03/23 08/04/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 706,219 162,544 268,627 290,558 161,610 73,143
EBITDA 1 207,854 33,177 57,011 87,991 39,747 -14,197
EBIT 1 202,718 27,470 51,165 83,093 35,685 -18,202
Operating Margin 28.7% 16.9% 19.05% 28.6% 22.08% -24.89%
Earnings before Tax (EBT) 1 191,423 45,207 25,429 109,395 32,871 5,061
Net income 1 146,515 29,898 13,644 83,208 19,666 -851.9
Net margin 20.75% 18.39% 5.08% 28.64% 12.17% -1.16%
EPS 2 1,426 321.0 136.0 866.6 206.0 -8.934
Free Cash Flow 1 40,467 131,876 -206,710 141,867 -4,458 -312,502
FCF margin 5.73% 81.13% -76.95% 48.83% -2.76% -427.25%
FCF Conversion (EBITDA) 19.47% 397.49% - 161.23% - -
FCF Conversion (Net income) 27.62% 441.09% - 170.5% - -
Dividend per Share - - 600.0 700.0 - -
Announcement Date 25/03/19 21/04/20 01/04/21 30/03/22 30/03/23 08/04/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 362,309 240,768 453,089 419,195 459,407 772,972
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.743 x 7.257 x 7.947 x 4.764 x 11.56 x -54.45 x
Free Cash Flow 1 40,467 131,876 -206,710 141,867 -4,458 -312,502
ROE (net income / shareholders' equity) 14.6% 2.89% 1.32% 7.91% 1.89% -0.08%
ROA (Net income/ Total Assets) 6.33% 0.89% 1.65% 2.51% 1.04% -0.49%
Assets 1 2,314,431 3,357,400 828,151 3,317,717 1,893,147 172,593
Book Value Per Share 2 11,081 10,608 10,823 11,092 10,601 10,589
Cash Flow per Share 2 499.0 389.0 59.30 1,110 913.0 217.0
Capex 1 6,649 789 285 3,298 13,887 2,256
Capex / Sales 0.94% 0.49% 0.11% 1.14% 8.59% 3.09%
Announcement Date 25/03/19 21/04/20 01/04/21 30/03/22 30/03/23 08/04/24
1VND in Million2VND
Estimates
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