2,071
RevenueVND B
772.8
843.9
897.7
985.5
1,053
1,157
1,273
1,395
1,500
1,648
2,140
9.37%
8.82%
74
21.06
Revenue growth%
5.28
5.46
7.66
6.49
7.44
5.80
3.11
2.94
1.43
0.40
21.02
2.94
5.37
85
5.84
Gross margin%
23.26
22.06
25.03
25.28
23.59
24.31
26.18
25.24
22.49
20.58
16.49
24.31
23.95
37
9.76
Operating margin%
18.14
17.19
15.70
14.43
12.73
15.23
12.93
14.19
17.06
18.49
12.10
15.23
15.47
70
2.14
Net margin%
23.80
24.79
27.07
27.60
29.26
27.64
29.82
32.63
32.92
30.23
26.35
30.23
28.45
81
14.53
P/E ratio (avg)x
17.00
15.29
15.67
15.57
14.71
15.34
17.02
17.23
16.98
16.80
20.98
16.98
16.23
58
19.52
EV/EBITx
16.01
14.53
12.57
13.64
12.02
10.89
9.835
9.144
9.807
9.636
19.98
9.807
11.45
11
26.62
FCF yield (avg)%
18.26
21.08
18.15
17.66
16.88
13.97
15.98
13.48
14.24
15.77
24.30
14.24
16.43
19
9.70
FCF margin%
26.66
28.57
29.78
31.62
32.16
32.87
34.47
33.00
35.98
34.36
13.47
34.36
32.51
27
0.680
FCF / Net incomex
1.003
0.941
0.881
0.832
0.892
0.852
0.763
0.792
0.710
0.752
1.163
0.763
0.842
60
20.90
ROIC%
24.77
27.20
29.41
28.76
29.89
27.70
25.09
25.28
25.88
23.26
25.28
25.28
26.54
75
9.06
Return on equity%
7.42
9.40
8.38
6.56
7.07
6.64
5.31
3.18
1.20
3.67
5.30
3.67
6.60
44
15.12
Return on assets%
23.14
20.34
17.98
17.50
17.47
15.64
17.59
18.57
20.43
21.35
12.60
18.57
18.28
48
1,971
EPSVND
3,430
3,498
4,246
4,869
4,889
5,088
5,688
6,225
7,057
7,819
2,016
9.85%
10.07%
—
8.04
EPS growth%
26.75
27.43
26.81
25.31
24.61
24.08
21.80
22.08
24.96
25.66
16.84
24.08
25.13
40
2,267
Bookvalue per shVND
1,188
1,244
1,348
1,303
1,326
1,274
1,246
1,251
1,170
1,281
936.99
(0.70%)
0.71%
—
762.45
FCF per shareVND
2,098
2,216
2,576
2,676
2,540
2,477
2,396
2,645
2,880
2,905
1,643
2.72%
3.52%
—
1,267
Dividend per shVND
1,289
1,395
1,526
1,416
1,229
1,292
1,296
1,376
1,426
1,328
1,552
1.56%
0.62%
—
23.58
Div yield (avg)%
31.59
33.97
33.03
34.29
35.91
37.03
39.10
39.18
41.08
39.03
22.54
39.10
36.47
52
23.68
Payout ratio%
15.66
15.53
17.44
18.65
17.98
20.71
18.44
18.06
21.00
22.85
13.92
20.71
18.25
88
434.1
Shares (diluted)M
579.3
645.5
651.5
635.6
659.9
762.0
822.9
814.8
783.8
795.8
426.2
3.82%
3.07%
86
23.89
Buyback yield%
27.49
28.77
28.23
30.48
30.88
30.82
29.25
28.98
28.10
27.20
25.62
28.98
28.88
37
0.699
D/E ratiox
1.776
1.794
2.002
2.283
2.536
2.905
3.202
3.410
3.467
3.965
0.269
3.410
2.721
56
1,942
Enterprise valueVND B
241.6
210.9
229.6
251.1
259.5
274.7
271.4
254.2
221.6
208.8
946.6
(4.25%)
(1.11%)
47
1,765
LT debtVND B
1,156
1,303
1,425
1,489
1,473
1,535
1,379
1,323
1,332
1,336
457.5
(1.94%)
1.49%
12
Revenue
VND 1.648T
8.82%
1.00×
Cost of revenue
VND 935.6B
8.88%
1.01×
Operating expenses
VND 401.9B
8.96%
1.01×
Goodwill & intangibles
18.71%
Property and equipment
18.16%
Spread over hurdle
(3.69%)