Financials VNDIRECT Securities

Equities

VND

VN000000VND7

Investment Banking & Brokerage Services

End-of-day quote Ho Chi Minh S.E. 23:00:00 25/06/2024 BST 5-day change 1st Jan Change
16,700 VND +1.83% Intraday chart for VNDIRECT Securities -2.91% -21.19%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,420,473 3,003,341 6,255,625 35,665,412 16,440,588 27,097,029
Enterprise Value (EV) 1 8,923,913 8,822,547 14,390,321 42,046,502 15,783,708 32,831,329
P/E ratio 9.21 x 7.85 x 9.03 x 10.8 x 14.6 x 13.4 x
Yield 3.05% 3.47% - 1.1% - -
Capitalization / Revenue 2.74 x 2.93 x 3.58 x 6.42 x 2.84 x 5.21 x
EV / Revenue 7.14 x 8.6 x 8.24 x 7.57 x 2.73 x 6.31 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.15 x 0.92 x 1.64 x 3.63 x 1.13 x 1.64 x
Nbr of stocks (in thousands) 394,189 394,189 394,104 822,044 1,278,712 1,278,736
Reference price 2 8,677 7,619 15,873 43,386 12,857 21,190
Announcement Date 01/04/19 20/04/20 17/03/21 02/03/22 31/03/23 01/04/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,249,156 1,025,368 1,747,205 5,551,523 5,780,570 5,205,926
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 437,999 479,551 862,065 2,980,221 1,535,277 2,482,342
Net income 1 373,136 382,659 692,767 2,382,924 1,220,280 2,022,251
Net margin 29.87% 37.32% 39.65% 42.92% 21.11% 38.85%
EPS 2 941.9 970.7 1,758 4,012 879.6 1,581
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 264.6 264.6 - 476.2 - -
Announcement Date 01/04/19 20/04/20 17/03/21 02/03/22 31/03/23 01/04/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow - - - - -
ROE (net income / shareholders' equity) - 34.9% - - 12.1%
ROA (Net income/ Total Assets) - - - - 4.4%
Assets - - - - -
Book Value Per Share - 11,949 - - -
Cash Flow per Share - - - - -
Capex - - - - -
Capex / Sales - - - - -
Announcement Date 17/03/21 27/01/22 31/03/23 22/01/24 -
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
16,700 VND
Average target price
24,019 VND
Spread / Average Target
+43.83%
Consensus

Annual profits - Rate of surprise

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