Financials Vietnam Electricity ConstructionCorporation

Equities

VNE

VN000000VNE5

Construction & Engineering

End-of-day quote Ho Chi Minh S.E. 23:00:00 30/05/2024 BST 5-day change 1st Jan Change
5,540 VND +1.84% Intraday chart for Vietnam Electricity ConstructionCorporation +4.53% -17.31%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 321,181 296,601 496,520 1,265,881 746,419 549,770
Enterprise Value (EV) 1 353,633 371,850 750,776 2,404,082 2,206,117 2,276,383
P/E ratio 3.81 x 30 x 43 x 159 x 51.6 x -30.3 x
Yield 23% - - - - -
Capitalization / Revenue 0.43 x 0.24 x 0.38 x 0.63 x 0.35 x 0.52 x
EV / Revenue 0.48 x 0.3 x 0.58 x 1.2 x 1.03 x 2.15 x
EV / EBITDA -7.54 x 9.02 x 16.6 x 34.4 x 11.8 x 14.1 x
EV / FCF -3.4 x -2.79 x -3.16 x -3.39 x -5.87 x -22.2 x
FCF Yield -29.4% -35.9% -31.7% -29.5% -17% -4.5%
Price to Book 0.34 x 0.31 x 0.51 x 1.3 x 0.76 x 0.57 x
Nbr of stocks (in thousands) 81,934 81,934 81,934 81,934 81,934 82,055
Reference price 2 3,920 3,620 6,060 15,450 9,110 6,700
Announcement Date 18/04/19 17/04/20 31/03/21 01/04/22 04/04/23 12/04/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 741,772 1,231,904 1,299,667 1,999,013 2,132,865 1,057,691
EBITDA 1 -46,891 41,227 45,228 69,826 186,428 161,989
EBIT 1 -58,651 29,933 33,671 39,719 112,736 101,731
Operating Margin -7.91% 2.43% 2.59% 1.99% 5.29% 9.62%
Earnings before Tax (EBT) 1 75,605 17,070 12,064 12,338 18,705 -19,725
Net income 1 84,428 9,894 11,549 7,949 14,472 -18,116
Net margin 11.38% 0.8% 0.89% 0.4% 0.68% -1.71%
EPS 2 1,030 120.8 141.0 97.00 176.6 -221.1
Free Cash Flow 1 -103,984 -133,361 -237,873 -709,360 -375,826 -102,330
FCF margin -14.02% -10.83% -18.3% -35.49% -17.62% -9.67%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 900.0 - - - - -
Announcement Date 18/04/19 17/04/20 31/03/21 01/04/22 04/04/23 12/04/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 32,452 75,249 254,256 1,138,201 1,459,698 1,726,613
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -0.6921 x 1.825 x 5.622 x 16.3 x 7.83 x 10.66 x
Free Cash Flow 1 -103,984 -133,361 -237,873 -709,360 -375,826 -102,330
ROE (net income / shareholders' equity) 8.69% 0.99% 1.46% 0.94% 0.98% -2.8%
ROA (Net income/ Total Assets) -2.39% 1.27% 1.19% 0.89% 1.88% 1.64%
Assets 1 -3,528,111 776,527 967,100 892,808 769,599 -1,106,279
Book Value Per Share 2 11,558 11,651 11,785 11,872 12,018 11,789
Cash Flow per Share 2 1,537 541.0 1,487 904.0 1,938 609.0
Capex 1 25,234 50,346 274,170 603,573 48,565 72,399
Capex / Sales 3.4% 4.09% 21.1% 30.19% 2.28% 6.85%
Announcement Date 18/04/19 17/04/20 31/03/21 01/04/22 04/04/23 12/04/24
1VND in Million2VND
Estimates
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