70.80
RevenueVND B
100.4
108.2
113.8
122.9
128.7
135.8
146.9
154.6
166.7
182.0
73.00
7.17%
7.12%
72
4.70
Revenue growth%
11.87
10.80
11.86
14.47
13.07
11.03
12.94
13.52
15.17
18.06
14.75
13.52
13.00
50
22.04
Gross margin%
20.55
21.09
23.96
25.40
22.96
24.38
25.43
24.37
25.34
24.34
2.19
24.38
24.36
76
20.91
Operating margin%
19.34
19.95
22.02
23.87
25.29
27.32
26.56
24.72
27.60
29.99
23.31
27.32
25.01
64
15.79
Net margin%
14.40
14.54
15.26
12.94
14.67
12.95
12.02
13.01
13.36
12.55
14.04
12.95
13.19
11
36.16
P/E ratio (avg)x
9.071
10.19
10.61
11.15
10.90
11.56
13.09
15.33
17.93
17.02
20.77
15.33
11.36
23
16.40
EV/EBITx
15.58
14.22
15.79
14.37
15.72
17.08
16.41
16.73
17.59
17.23
22.21
17.08
16.10
65
16.44
FCF yield (avg)%
18.00
15.46
15.68
15.92
16.01
16.99
14.52
12.57
10.88
8.57
27.16
12.57
15.57
61
9.01
FCF margin%
19.42
19.50
19.44
21.76
23.30
24.92
27.82
27.29
26.08
26.49
3.85
26.49
24.11
46
1.707
FCF / Net incomex
0.243
0.222
0.232
0.247
0.227
0.207
0.207
0.188
0.162
0.147
1.400
0.188
0.215
7
20.02
ROIC%
9.61
11.75
9.13
6.73
7.02
4.37
6.83
8.92
8.13
10.58
16.69
8.13
8.52
37
10.75
Return on equity%
26.42
24.45
25.44
25.26
24.69
27.05
28.38
31.32
32.41
34.68
21.75
31.32
26.74
56
21.77
Return on assets%
20.62
20.40
18.03
16.97
17.66
19.20
17.61
20.46
18.96
17.98
23.26
18.96
18.49
5
634.08
EPSVND
483.48
466.00
456.08
489.56
484.14
446.32
410.58
447.43
423.29
408.99
698.13
(3.32%)
(1.69%)
—
26.01
EPS growth%
25.78
26.90
26.30
25.36
23.98
23.24
25.85
23.62
24.43
21.44
20.05
23.62
24.89
46
680.09
Bookvalue per shVND
1,035
950.76
837.38
883.28
787.38
742.58
784.23
803.49
813.85
807.85
597.27
0.51%
(2.01%)
—
641.25
FCF per shareVND
401.30
367.18
394.65
405.56
375.49
358.86
319.13
289.52
250.65
211.31
382.14
(10.86%)
(5.95%)
—
310.90
Dividend per shVND
1,194
1,407
1,508
1,547
1,844
1,800
1,721
1,902
1,817
1,914
324.23
0.75%
5.67%
—
29.34
Div yield (avg)%
34.49
32.41
32.09
30.07
27.78
25.43
28.01
26.72
26.42
24.48
14.93
26.42
27.90
73
19.30
Payout ratio%
18.89
19.28
20.01
22.19
23.35
26.27
28.85
28.26
25.53
25.43
21.44
26.27
24.39
34
104.2
Shares (diluted)M
147.5
144.0
141.7
171.0
166.7
198.0
215.1
259.2
253.9
268.3
98.68
9.99%
7.88%
12
6.05
Buyback yield%
16.14
16.04
18.82
17.06
19.30
21.42
24.41
26.66
24.98
22.49
15.51
24.41
20.36
92
1.228
D/E ratiox
1.862
1.730
1.851
1.790
1.795
1.969
2.140
2.213
2.396
2.334
1.084
2.213
1.916
92
32.84
Enterprise valueVND B
54.97
56.49
61.17
56.59
51.16
48.95
48.00
44.21
42.00
41.40
131.6
(4.14%)
(4.12%)
79
26.78
LT debtVND B
222.1
232.0
239.9
278.8
266.6
303.9
337.6
395.1
380.6
365.3
71.95
6.51%
5.16%
62
Revenue
VND 182.0B
7.12%
1.00×
Cost of revenue
VND 126.8B
7.28%
1.02×
Operating expenses
VND 27.53B
6.96%
0.99×
Goodwill & intangibles
17.27%
Spread over hurdle
(6.22%)