1,241
RevenueVND B
1,695
1,766
1,877
1,959
2,073
2,127
2,273
2,343
2,423
2,585
1,307
4.52%
4.67%
30
7.19
Revenue growth%
16.54
15.75
13.16
11.23
13.89
16.38
19.01
19.89
17.40
18.87
6.47
18.87
16.46
16
16.33
Gross margin%
9.18
7.30
10.01
8.60
6.55
5.02
6.14
9.02
6.93
8.50
26.61
6.93
7.90
24
28.64
Operating margin%
18.03
15.93
17.01
17.08
19.06
20.53
18.08
20.84
19.16
18.10
26.52
19.16
18.09
89
10.74
Net margin%
15.78
13.79
11.14
11.29
13.32
15.91
13.66
14.98
16.95
18.73
23.41
15.91
14.38
44
37.68
P/E ratio (avg)x
13.17
15.27
15.97
16.70
19.04
22.34
26.64
26.61
27.36
29.91
30.20
26.64
20.69
63
19.89
EV/EBITx
28.12
27.77
29.27
28.74
29.08
25.69
23.36
21.00
20.32
18.00
30.51
21.00
26.73
83
15.56
FCF yield (avg)%
32.16
29.46
30.61
29.80
27.21
24.24
22.00
23.03
24.72
26.20
5.79
24.24
26.70
51
27.35
FCF margin%
2.41
2.14
0.40
2.70
2.70
0.67
1.78
3.30
5.54
8.21
3.12
3.30
2.55
79
1.063
FCF / Net incomex
0.123
0.109
0.105
0.099
0.092
0.094
0.096
0.099
0.093
0.090
0.780
0.094
0.098
23
11.31
ROIC%
3.95
3.26
4.36
2.16
1.14
0.40
2.55
0.40
0.70
2.23
28.71
0.70
2.20
69
3.66
Return on equity%
18.80
16.94
15.78
14.23
16.27
14.75
14.10
16.97
17.00
14.82
10.49
14.82
16.02
53
7.47
Return on assets%
27.54
26.40
27.03
25.95
23.29
26.15
26.21
27.72
30.69
29.08
28.31
27.72
26.72
77
1,607
EPSVND
242.40
250.09
267.40
286.75
283.88
257.14
263.42
246.39
266.07
284.82
1,709
0.07%
2.41%
—
19.18
EPS growth%
22.89
25.41
23.79
24.18
26.73
29.39
28.31
30.59
29.53
32.39
27.65
29.53
27.52
53
336.10
Bookvalue per shVND
362.64
403.45
421.42
397.73
393.52
428.37
420.16
442.11
428.92
446.29
1,006
2.55%
1.33%
—
805.69
FCF per shareVND
248.79
218.52
220.59
203.29
195.16
177.70
183.13
193.40
202.05
179.75
1,128
(1.63%)
(4.00%)
—
720.56
Dividend per shVND
1,024
926.61
859.09
811.86
735.18
730.39
666.29
654.64
574.56
569.48
1,200
(4.98%)
(5.68%)
—
25.85
Div yield (avg)%
1.44
0.76
0.40
0.46
2.28
2.36
4.37
5.98
7.01
9.09
26.25
5.98
2.32
69
6.81
Payout ratio%
16.00
17.82
16.11
13.38
12.58
15.02
14.36
12.74
13.38
13.80
9.11
13.80
14.08
62
265.5
Shares (diluted)M
263.4
270.4
287.1
328.4
383.1
371.1
410.8
471.8
504.9
494.3
268.3
5.23%
6.60%
76
29.95
Buyback yield%
20.96
20.51
22.13
21.94
24.80
22.30
23.00
23.09
22.57
24.16
18.00
23.00
22.43
34
1.317
D/E ratiox
1.258
1.134
1.179
1.173
1.208
1.300
1.324
1.212
1.023
0.994
1.718
1.212
1.193
9
655.2
Enterprise valueVND B
965.9
867.4
929.5
792.0
781.0
803.5
805.1
832.9
878.5
828.2
401.9
1.18%
(2.35%)
37
1,476
LT debtVND B
649.8
689.5
715.4
850.1
1,022
1,226
1,374
1,494
1,705
1,977
1,034
14.10%
13.08%
6
Revenue
VND 2.585T
4.67%
1.00×
Cost of revenue
VND 1.676T
4.47%
0.98×
Operating expenses
VND 314.4B
4.74%
1.01×
Cash and investments
19.54%
Spread over hurdle
17.00%