1,973
RevenueVND B
2,545
2,653
2,732
2,824
2,888
2,972
3,133
3,262
3,323
3,455
2,187
3.65%
3.71%
71
18.12
Revenue growth%
16.00
15.22
16.62
18.77
17.74
15.94
13.71
12.29
12.02
10.89
28.82
12.29
15.58
36
5.31
Gross margin%
2.22
2.24
0.65
0.58
0.66
0.40
1.89
0.40
0.40
1.08
21.15
0.40
0.65
43
20.01
Operating margin%
22.01
24.69
26.64
25.69
27.02
28.67
28.44
27.83
30.38
29.13
17.05
28.67
27.43
81
8.81
Net margin%
8.49
6.09
6.75
6.56
8.73
9.94
10.14
9.82
7.09
4.43
24.17
9.82
7.79
14
23.64
P/E ratio (avg)x
10.98
11.20
9.468
8.868
9.040
8.630
8.125
6.838
7.104
6.377
28.70
7.104
8.749
52
7.527
EV/EBITx
14.00
13.77
15.21
16.66
16.86
18.24
18.53
21.58
22.31
24.82
18.46
21.58
17.55
44
3.78
FCF yield (avg)%
18.99
19.25
20.63
20.33
21.28
21.00
19.08
19.54
17.04
18.51
28.22
19.08
19.39
20
2.29
FCF margin%
25.45
26.44
26.88
27.82
25.96
25.38
27.09
28.55
26.64
28.73
16.18
27.09
26.76
25
1.375
FCF / Net incomex
1.566
1.681
1.819
1.904
2.042
2.097
2.387
2.467
2.378
2.386
0.709
2.386
2.070
13
17.15
ROIC%
7.62
10.59
7.76
10.46
10.63
12.36
15.04
13.59
11.92
12.94
6.77
12.94
11.28
88
16.50
Return on equity%
13.13
10.85
13.66
15.25
15.84
17.97
17.51
16.60
13.66
15.91
18.51
16.60
15.55
59
18.06
Return on assets%
13.72
16.46
14.63
11.75
10.35
9.12
6.94
4.60
5.14
4.67
9.04
5.14
9.74
17
2,829
EPSVND
2,861
2,725
3,124
3,438
3,451
3,918
3,820
4,405
4,705
5,289
3,119
8.91%
7.94%
—
9.41
EPS growth%
15.57
13.81
12.81
14.82
15.97
18.58
19.95
21.13
19.25
18.79
4.76
19.25
17.27
67
1,511
Bookvalue per shVND
2,257
2,208
2,483
2,479
2,451
2,826
2,859
3,359
3,567
3,526
2,690
7.55%
4.92%
—
2,829
FCF per shareVND
1,024
1,017
975.32
964.46
988.64
895.66
810.99
743.09
648.22
570.81
1,960
(10.40%)
(5.40%)
—
2,693
Dividend per shVND
1,607
1,613
1,665
1,549
1,594
1,474
1,482
1,345
1,253
1,196
603.11
(5.58%)
(4.36%)
—
16.31
Div yield (avg)%
25.27
27.93
27.99
26.58
29.47
32.17
34.39
35.46
38.44
40.40
28.22
35.46
30.82
93
18.97
Payout ratio%
18.36
20.94
22.37
24.42
27.37
27.00
26.03
27.32
29.38
30.28
27.15
27.32
26.52
34
539.0
Shares (diluted)M
651.1
594.5
652.8
666.6
719.9
723.9
681.3
644.7
693.8
743.7
522.0
0.65%
2.09%
78
25.12
Buyback yield%
12.43
15.13
15.49
16.77
18.33
18.80
16.92
19.87
21.65
21.24
2.53
19.87
17.63
79
1.422
D/E ratiox
1.060
1.144
0.987
1.019
0.900
0.767
0.800
0.863
0.855
0.735
1.752
0.800
0.882
44
3,340
Enterprise valueVND B
389.0
421.0
362.9
366.3
393.3
370.8
340.2
320.5
321.9
303.7
3,722
(5.04%)
(2.33%)
44
2,131
LT debtVND B
1,399
1,422
1,558
1,563
1,635
1,659
1,730
1,980
2,063
2,016
3,190
4.28%
4.17%
37
Revenue
VND 3.455T
3.71%
1.00×
Cost of revenue
VND 2.062T
4.10%
1.04×
Operating expenses
VND 340.0B
2.20%
0.86×
Goodwill & intangibles
22.56%
Cash and investments
13.38%
Spread over hurdle
(2.90%)