Financials Viglacera Ha Long

Equities

VHL

VN000000VHL2

Construction Materials

End-of-day quote HANOI S.E. 23:00:00 07/05/2024 BST 5-day change 1st Jan Change
11,300 VND -0.88% Intraday chart for Viglacera Ha Long -0.88% -17.52%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 725,000 775,000 675,000 675,000 562,500 342,500
Enterprise Value (EV) 1 914,767 934,701 754,538 731,847 656,440 387,088
P/E ratio 5 x 6.1 x 8.06 x 15.4 x 4,656 x -4.93 x
Yield 10.3% - 8.15% 6.48% - -
Capitalization / Revenue 0.36 x 0.39 x 0.36 x 0.41 x 0.35 x 0.28 x
EV / Revenue 0.45 x 0.47 x 0.4 x 0.45 x 0.4 x 0.31 x
EV / EBITDA 3.3 x 3.6 x 3.97 x 4.85 x 6.29 x 11.8 x
EV / FCF 6.67 x 8.08 x 5.26 x 10.5 x 129 x 5.55 x
FCF Yield 15% 12.4% 19% 9.56% 0.78% 18%
Price to Book 1.1 x 1.13 x 1 x 1.03 x 0.93 x 0.64 x
Nbr of stocks (in thousands) 25,000 25,000 25,000 25,000 25,000 25,000
Reference price 2 29,000 31,000 27,000 27,000 22,500 13,700
Announcement Date 14/02/19 17/02/20 09/02/21 15/03/22 21/02/23 21/02/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,011,193 1,999,265 1,898,309 1,635,957 1,623,132 1,229,280
EBITDA 1 276,890 259,965 190,212 150,852 104,367 32,770
EBIT 1 191,736 171,293 104,279 67,276 26,957 -31,875
Operating Margin 9.53% 8.57% 5.49% 4.11% 1.66% -2.59%
Earnings before Tax (EBT) 1 181,484 159,025 104,738 56,323 8,709 -64,492
Net income 1 145,318 127,455 83,944 44,015 169.8 -69,478
Net margin 7.23% 6.38% 4.42% 2.69% 0.01% -5.65%
EPS 2 5,798 5,082 3,352 1,755 4.833 -2,780
Free Cash Flow 1 137,121 115,646 143,541 69,998 5,095 69,726
FCF margin 6.82% 5.78% 7.56% 4.28% 0.31% 5.67%
FCF Conversion (EBITDA) 49.52% 44.49% 75.46% 46.4% 4.88% 212.78%
FCF Conversion (Net income) 94.36% 90.73% 171% 159.03% 3,000.3% -
Dividend per Share 2 3,000 - 2,200 1,750 - -
Announcement Date 14/02/19 17/02/20 09/02/21 15/03/22 21/02/23 21/02/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 189,767 159,701 79,538 56,847 93,940 44,588
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.6854 x 0.6143 x 0.4182 x 0.3768 x 0.9001 x 1.361 x
Free Cash Flow 1 137,121 115,646 143,541 69,998 5,095 69,726
ROE (net income / shareholders' equity) 23.2% 18.9% 12.4% 6.63% 0.03% -12.1%
ROA (Net income/ Total Assets) 9.72% 8.47% 5.16% 3.58% 1.58% -2.14%
Assets 1 1,495,424 1,504,481 1,626,538 1,229,423 10,727 3,250,563
Book Value Per Share 2 26,260 27,555 26,945 26,141 24,323 21,543
Cash Flow per Share 2 1,694 3,216 5,266 2,704 1,226 1,559
Capex 1 78,313 45,089 9,945 2,418 10,374 138
Capex / Sales 3.89% 2.26% 0.52% 0.15% 0.64% 0.01%
Announcement Date 14/02/19 17/02/20 09/02/21 15/03/22 21/02/23 21/02/24
1VND in Million2VND
Estimates
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