1,848
RevenueVND B
2,299
2,452
2,589
2,758
2,973
3,137
3,382
3,617
3,844
4,168
1,919
6.99%
6.73%
24
12.25
Revenue growth%
4.43
6.90
5.41
3.81
4.83
4.99
7.01
5.06
2.34
0.49
19.06
4.99
4.91
41
4.88
Gross margin%
26.63
29.12
29.08
26.31
27.69
28.89
27.13
26.59
23.60
25.45
29.14
26.59
26.88
28
17.14
Operating margin%
30.22
28.73
28.78
29.10
31.33
32.39
31.07
31.92
32.22
32.26
29.16
32.22
31.20
28
25.21
Net margin%
27.67
25.95
25.13
24.96
27.81
25.62
26.12
27.43
28.16
27.43
28.55
27.43
26.78
92
31.37
P/E ratio (avg)x
34.60
41.31
41.60
42.19
50.20
57.07
65.80
68.06
67.29
78.71
31.33
67.29
53.63
42
10.76
EV/EBITx
10.95
12.18
11.23
10.91
11.67
12.81
13.05
12.64
13.05
13.97
18.24
13.05
12.41
58
19.81
FCF yield (avg)%
7.35
5.49
3.28
1.37
2.12
2.84
3.66
3.52
2.18
4.53
8.31
3.52
3.40
88
18.40
FCF margin%
12.30
10.17
11.26
11.47
9.51
9.59
7.36
5.76
3.15
2.60
9.09
5.76
9.55
52
1.031
FCF / Net incomex
1.491
1.589
1.648
1.700
2.005
2.153
2.411
2.884
3.106
3.338
0.466
2.884
2.079
58
28.19
ROIC%
12.82
12.71
10.56
8.22
7.58
7.78
7.65
7.02
6.89
6.95
5.73
7.02
7.72
9
27.93
Return on equity%
15.42
17.03
16.22
16.71
16.79
15.40
12.48
10.03
9.76
10.53
28.61
10.53
15.41
54
7.70
Return on assets%
17.60
20.55
18.30
18.00
17.71
18.20
18.96
17.60
14.64
14.99
10.79
17.60
17.85
27
2,196
EPSVND
2,398
2,464
2,268
2,465
2,562
2,661
2,684
2,568
2,479
2,262
2,340
(2.46%)
(0.32%)
—
14.14
EPS growth%
0.40
0.78
3.37
5.39
4.99
7.53
7.76
9.83
7.07
4.51
21.25
7.53
5.19
84
1,483
Bookvalue per shVND
2,178
2,539
2,590
2,590
2,788
3,188
3,316
3,529
4,159
4,742
1,068
11.21%
7.93%
—
2,480
FCF per shareVND
1,810
1,711
1,783
1,839
1,798
1,568
1,460
1,330
1,398
1,315
766.02
(6.07%)
(2.33%)
—
2,928
Dividend per shVND
767.29
907.59
869.55
977.84
1,106
1,206
1,246
1,287
1,427
1,543
3,034
6.88%
8.64%
—
24.62
Div yield (avg)%
7.01
7.64
7.64
9.56
10.22
12.82
9.92
12.53
10.36
9.36
14.19
10.36
9.74
67
27.28
Payout ratio%
17.44
19.20
18.79
19.43
21.87
20.41
20.95
18.54
18.42
19.84
20.25
19.84
19.32
10
364.4
Shares (diluted)M
284.7
271.9
263.5
288.4
314.2
325.6
346.1
321.6
337.4
375.8
367.4
3.65%
2.29%
30
29.47
Buyback yield%
21.32
20.90
21.16
19.16
18.00
15.78
15.48
17.64
15.23
16.85
8.97
15.78
17.82
20
0.678
D/E ratiox
1.722
2.025
2.264
2.682
2.669
2.840
3.381
3.313
3.296
3.305
0.432
3.305
2.761
60
2,017
Enterprise valueVND B
1,530
1,378
1,285
1,406
1,475
1,291
1,361
1,316
1,207
1,107
2,372
(5.58%)
(3.43%)
42
1,028
LT debtVND B
582.6
591.7
562.9
512.2
470.7
461.6
447.5
497.6
529.7
534.1
3,107
2.56%
0.16%
53
Revenue
VND 4.168T
6.73%
1.00×
Cost of revenue
VND 1.797T
6.75%
1.00×
Operating expenses
VND 1.047T
6.67%
0.99×
Return on capital
158.34%
Spread over hurdle
146.44%