300.0
RevenueVND B
301.6
318.6
332.1
359.7
380.4
408.0
428.6
459.4
486.2
512.0
329.6
6.12%
6.18%
26
20.47
Revenue growth%
29.25
27.91
30.46
30.50
27.53
28.34
28.57
28.93
27.95
27.80
19.44
28.34
28.45
9
26.80
Gross margin%
19.60
19.34
18.39
18.60
15.71
17.58
14.99
16.33
13.52
12.71
4.52
14.99
16.95
81
17.53
Operating margin%
10.48
13.38
11.23
9.41
10.99
12.86
11.03
13.40
16.03
16.00
25.27
13.40
12.04
91
18.06
Net margin%
13.57
11.97
12.84
9.92
12.74
13.22
15.76
13.49
10.59
12.60
19.45
13.22
12.79
6
21.80
P/E ratio (avg)x
31.10
30.76
34.21
36.36
34.27
33.41
37.69
42.44
46.68
53.36
29.92
42.44
35.31
84
18.85
EV/EBITx
18.98
18.60
17.42
18.07
17.99
16.05
16.36
15.37
16.31
15.11
10.96
16.05
16.89
49
11.66
FCF yield (avg)%
4.37
6.97
7.43
6.59
8.02
6.38
5.05
2.75
1.27
1.72
9.80
2.75
5.71
13
8.32
FCF margin%
13.26
14.12
16.72
18.74
18.27
17.69
15.94
12.97
15.63
17.30
19.46
15.94
16.33
22
0.332
FCF / Net incomex
0.712
0.676
0.721
0.791
0.879
0.980
1.020
0.964
0.956
0.912
0.567
0.964
0.895
67
8.67
ROIC%
18.31
19.19
20.78
20.80
21.40
24.15
25.03
27.99
26.53
27.37
15.08
26.53
22.78
18
16.35
Return on equity%
14.75
17.14
16.61
14.19
17.03
19.64
20.57
23.52
20.78
20.44
19.78
20.57
18.39
57
22.71
Return on assets%
29.12
29.10
30.07
32.25
29.37
26.47
24.25
26.13
26.00
26.47
13.37
26.13
27.79
26
4,139
EPSVND
1,772
1,778
1,971
2,167
1,917
2,100
1,843
1,784
1,908
1,873
4,387
(0.46%)
0.09%
—
14.10
EPS growth%
10.54
12.78
15.59
18.12
17.96
16.70
18.54
17.78
20.30
19.95
17.23
18.54
17.87
35
2,061
Bookvalue per shVND
2,505
2,330
2,149
1,918
1,669
1,612
1,422
1,469
1,368
1,413
2,245
(3.28%)
(5.77%)
—
2,631
FCF per shareVND
4,344
4,153
4,856
4,550
5,317
5,579
6,423
7,502
7,302
8,448
2,746
9.70%
7.65%
—
3,406
Dividend per shVND
4,454
4,594
4,314
3,963
4,157
4,418
3,921
3,662
3,945
3,754
998.09
(2.02%)
(1.20%)
—
13.75
Div yield (avg)%
16.84
14.02
17.02
19.97
18.25
19.18
17.09
18.14
18.81
17.41
7.52
18.14
17.77
83
12.56
Payout ratio%
11.09
12.57
12.42
14.21
17.10
19.72
20.73
22.38
20.70
21.37
21.67
20.73
18.41
21
120.8
Shares (diluted)M
160.1
167.7
189.2
201.2
204.1
197.1
197.6
211.5
215.8
249.3
118.4
4.08%
6.36%
75
22.81
Buyback yield%
11.86
12.14
14.94
16.84
16.41
14.31
14.64
14.22
11.93
14.11
15.87
14.22
14.27
62
0.375
D/E ratiox
1.893
2.188
2.291
2.723
2.833
3.197
3.601
3.786
3.717
4.170
0.192
3.717
3.015
13
635.7
Enterprise valueVND B
163.0
177.9
164.5
181.7
172.4
185.3
206.8
202.1
213.5
204.8
659.3
3.51%
2.65%
66
363.5
LT debtVND B
336.5
353.1
364.3
344.1
330.4
327.1
319.2
305.5
305.3
314.9
633.2
(0.96%)
(1.64%)
81
Revenue
VND 512.0B
6.18%
1.00×
Cost of revenue
VND 288.1B
5.98%
0.98×
Operating expenses
VND 85.14B
6.46%
1.03×
Property and equipment
16.40%
Goodwill & intangibles
15.34%
Spread over hurdle
46.73%