2,840
RevenueVND B
6,500
6,536
6,571
6,707
6,774
6,843
7,008
7,129
7,326
7,551
3,127
2.20%
1.70%
70
19.39
Revenue growth%
5.82
2.94
4.42
6.22
6.39
4.67
7.08
8.80
9.47
10.70
16.42
8.80
6.31
52
20.87
Gross margin%
21.71
22.32
23.98
23.54
22.61
22.12
20.54
19.37
20.36
22.15
23.52
20.54
22.14
47
4.17
Operating margin%
33.26
33.83
35.40
37.96
40.11
42.33
42.99
45.18
44.82
46.56
14.79
44.82
41.22
81
20.68
Net margin%
15.97
18.39
20.63
18.71
20.02
18.70
18.76
20.89
23.58
20.73
7.77
20.73
19.39
23
16.98
P/E ratio (avg)x
19.37
17.74
18.24
16.18
15.08
16.48
16.42
17.32
16.13
17.37
30.74
16.48
16.90
81
26.95
EV/EBITx
45.49
44.76
44.96
50.52
50.41
55.80
60.65
59.41
58.36
58.41
10.00
58.41
53.16
58
8.52
FCF yield (avg)%
1.96
3.07
0.70
0.40
3.31
5.09
4.54
4.59
5.87
5.45
18.60
5.09
3.92
76
16.90
FCF margin%
12.50
15.03
15.12
13.24
11.76
13.09
14.01
14.61
16.01
13.69
27.95
14.01
13.85
23
0.620
FCF / Net incomex
2.315
2.374
2.678
2.967
3.204
2.929
3.136
3.342
3.087
2.951
0.281
3.087
2.959
13
15.79
ROIC%
5.36
5.10
4.85
3.72
5.08
2.21
1.58
3.45
6.14
8.56
22.32
3.45
4.96
95
15.63
Return on equity%
15.30
15.84
17.31
17.17
18.94
15.98
14.54
15.68
14.85
15.04
14.91
15.04
15.76
56
18.28
Return on assets%
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
12.60
0.40
0.40
8
1,574
EPSVND
1,367
1,391
1,508
1,623
1,487
1,608
1,746
1,567
1,453
1,488
1,667
0.02%
1.62%
—
4.88
EPS growth%
7.82
6.06
5.78
4.02
5.15
2.89
0.40
0.47
1.26
0.40
17.20
0.47
3.45
75
711.16
Bookvalue per shVND
1,504
1,724
2,012
2,097
2,295
2,306
2,518
2,918
3,311
3,488
3,196
8.73%
10.25%
—
1,980
FCF per shareVND
3,555
3,294
3,434
3,595
3,880
4,196
4,272
4,396
4,873
4,819
2,254
4.43%
3.57%
—
1,955
Dividend per shVND
733.03
730.83
746.48
645.83
564.57
611.43
544.08
505.42
526.47
506.12
720.40
(2.16%)
(4.98%)
—
28.70
Div yield (avg)%
30.35
31.66
29.20
27.88
28.09
25.82
24.45
25.66
26.56
27.73
29.64
25.82
27.81
76
21.98
Payout ratio%
23.94
25.95
25.37
25.26
23.62
21.54
22.82
23.72
25.78
24.52
8.72
23.72
24.23
73
1.230
Shares (diluted)B
1.341
1.492
1.468
1.399
1.548
1.606
1.463
1.512
1.571
1.785
1.257
2.88%
2.12%
35
18.75
Buyback yield%
2.82
3.59
1.05
0.97
1.67
4.51
6.60
5.18
3.12
1.46
18.96
4.51
2.97
84
1.362
D/E ratiox
1.693
1.906
1.881
2.078
1.937
2.140
2.158
2.359
2.587
2.766
1.004
2.359
2.109
43
3,690
Enterprise valueVND B
1,111
1,146
1,204
1,202
1,091
1,194
1,137
1,059
1,097
1,033
6,858
(1.07%)
(1.33%)
74
4,851
LT debtVND B
10,734
10,821
11,741
11,392
10,817
12,401
12,179
12,272
11,744
11,872
1,940
1.88%
2.20%
7
Revenue
VND 7.551T
1.70%
1.00×
Cost of revenue
VND 4.700T
1.68%
1.00×
Operating expenses
VND 1.022T
1.49%
0.98×
Cash and investments
17.77%
Spread over hurdle
15.55%