17.68
RevenueVND B
102.1
105.9
108.4
114.8
118.5
123.2
126.4
130.2
135.8
141.1
19.00
3.55%
3.65%
84
21.58
Revenue growth%
9.82
12.12
10.57
12.42
13.32
11.68
9.67
9.43
9.33
11.57
13.01
9.67
11.07
13
3.63
Gross margin%
33.71
32.36
33.33
30.80
29.83
31.20
29.80
30.45
29.27
31.72
27.97
30.45
31.00
86
13.23
Operating margin%
18.78
16.00
17.07
17.11
17.56
20.07
17.15
18.09
17.20
18.25
18.98
18.09
17.38
77
11.85
Net margin%
17.39
19.48
21.19
19.72
19.55
21.15
21.57
21.69
18.83
18.62
14.96
21.15
19.63
53
34.34
P/E ratio (avg)x
15.37
17.21
16.15
14.50
15.64
15.97
17.73
18.27
20.51
19.28
33.48
18.27
16.68
39
20.83
EV/EBITx
37.09
33.52
33.10
36.18
40.25
41.74
44.04
48.14
45.40
44.82
35.39
44.82
41.00
73
28.59
FCF yield (avg)%
21.66
18.76
17.89
19.37
20.61
23.32
23.55
25.76
24.13
24.68
2.30
24.13
22.49
46
10.97
FCF margin%
29.74
27.43
30.26
30.06
29.38
28.08
31.02
33.17
34.28
36.85
16.34
33.17
30.16
16
0.286
FCF / Net incomex
1.967
1.996
2.407
2.624
3.107
3.647
4.116
4.321
5.000
5.232
0.728
4.321
3.377
50
6.06
ROIC%
28.77
27.92
27.91
26.13
23.36
23.87
23.73
22.47
21.95
19.50
26.67
22.47
23.80
47
25.77
Return on equity%
7.97
8.13
5.59
5.34
2.36
0.40
2.71
3.40
5.85
3.64
6.72
3.40
4.49
55
11.97
Return on assets%
25.95
23.38
20.74
17.89
20.24
21.36
20.86
20.86
21.99
23.90
6.50
21.36
21.11
63
2,864
EPSVND
1,995
1,940
2,057
2,140
2,319
2,388
2,511
2,588
2,505
2,551
2,958
1.92%
1.79%
—
22.66
EPS growth%
21.42
21.22
22.59
25.02
23.59
23.92
20.98
23.37
26.08
24.39
22.91
23.92
23.48
18
1,230
Bookvalue per shVND
4,184
4,140
4,035
4,056
4,614
4,843
5,700
6,240
6,082
6,967
1,878
8.59%
5.57%
—
1,438
FCF per shareVND
693.13
768.08
723.03
809.14
865.79
884.92
838.56
868.77
832.59
856.69
2,087
(0.21%)
1.52%
—
2,298
Dividend per shVND
1,353
1,370
1,535
1,510
1,669
1,659
1,931
2,180
2,098
2,181
2,350
5.50%
4.76%
—
28.44
Div yield (avg)%
0.40
1.41
0.76
3.22
3.31
4.22
4.63
7.47
5.01
7.39
12.61
5.01
3.77
26
4.29
Payout ratio%
16.17
15.42
18.00
15.76
14.42
12.36
13.50
16.39
15.92
12.96
19.26
13.50
15.59
83
15.59
Shares (diluted)M
22.60
25.53
25.91
27.20
27.73
26.32
29.02
31.28
32.90
33.28
14.98
3.72%
4.95%
57
28.51
Buyback yield%
17.62
17.42
18.62
19.80
22.72
22.63
19.68
21.13
19.19
19.23
4.89
19.68
19.46
37
1.115
D/E ratiox
0.478
0.499
0.552
0.584
0.588
0.663
0.704
0.686
0.740
0.749
0.734
0.704
0.625
87
7.950
Enterprise valueVND B
38.50
34.88
32.65
33.32
35.19
31.14
31.72
28.11
24.31
24.14
31.52
(7.26%)
(3.78%)
85
71.56
LT debtVND B
41.32
41.34
41.21
44.93
47.29
46.18
41.89
45.75
47.13
46.36
74.52
(0.40%)
1.22%
67
Revenue
VND 141.1B
3.65%
1.00×
Cost of revenue
VND 92.10B
3.54%
0.99×
Operating expenses
VND 35.00B
3.96%
1.03×
Goodwill & intangibles
16.82%
Spread over hurdle
(11.13%)