453.8
RevenueVND B
441.8
461.8
490.3
516.4
540.8
561.3
570.8
583.3
609.1
633.6
506.9
3.22%
3.91%
7
10.59
Revenue growth%
21.11
22.01
24.87
22.03
21.74
23.57
23.94
25.88
23.51
20.92
18.44
23.57
22.77
70
23.99
Gross margin%
33.39
30.81
29.91
32.04
30.39
28.31
30.42
30.94
28.59
28.40
24.90
28.59
30.40
47
29.62
Operating margin%
9.51
6.85
6.76
4.78
6.30
6.86
8.64
9.24
6.60
9.04
14.89
8.64
6.86
23
8.95
Net margin%
12.13
11.65
8.86
6.63
6.50
7.51
8.63
11.42
14.06
11.14
25.52
11.14
10.00
88
27.88
P/E ratio (avg)x
54.17
56.13
64.28
74.69
85.56
84.76
91.19
96.98
100.1
100.2
31.06
96.98
85.16
45
33.03
EV/EBITx
13.50
12.90
11.89
10.90
10.39
9.660
8.763
8.833
8.586
8.005
32.51
8.763
10.02
22
20.31
FCF yield (avg)%
16.27
18.02
18.21
19.02
21.53
23.93
25.50
25.61
25.41
22.46
23.33
25.41
21.99
42
15.97
FCF margin%
11.01
9.03
8.07
8.54
11.53
8.86
9.44
6.85
6.23
8.10
13.13
8.10
8.70
66
0.484
FCF / Net incomex
0.789
0.785
0.886
0.835
0.787
0.866
0.888
1.032
1.087
1.099
0.192
1.032
0.876
60
19.00
ROIC%
24.29
27.19
30.16
29.04
26.63
25.76
26.70
28.15
27.11
28.89
29.48
27.11
27.15
91
21.82
Return on equity%
18.50
19.00
17.33
16.34
17.95
15.55
14.12
13.93
11.88
9.81
4.75
13.93
15.95
21
18.20
Return on assets%
16.01
13.16
13.22
12.16
14.10
12.65
10.05
10.45
7.69
9.24
20.30
10.05
12.40
95
4,705
EPSVND
6,936
6,362
6,414
7,362
7,971
7,985
8,862
8,671
8,589
8,505
5,042
1.31%
3.12%
—
11.75
EPS growth%
12.87
12.60
12.74
15.46
17.45
17.09
14.15
12.23
14.68
16.33
23.84
14.68
14.41
8
6,214
Bookvalue per shVND
4,522
4,671
5,058
5,591
5,272
5,160
4,603
4,617
4,341
3,801
6,494
(6.33%)
(1.02%)
—
2,454
FCF per shareVND
8,497
9,428
10,454
11,357
12,368
14,645
16,853
18,644
21,169
21,545
4,582
11.74%
9.74%
—
2,313
Dividend per shVND
6,559
7,410
7,676
7,603
8,821
9,178
9,850
10,363
11,972
12,867
3,341
7.84%
6.67%
—
18.07
Div yield (avg)%
28.95
31.51
33.96
36.79
39.38
41.15
42.75
41.16
38.66
36.85
13.56
41.15
37.76
57
15.54
Payout ratio%
6.50
8.03
6.59
8.14
7.55
4.98
4.72
7.49
8.13
6.11
4.85
6.11
7.04
43
49.60
Shares (diluted)M
46.02
46.54
41.81
41.96
39.42
35.37
38.58
39.65
39.44
34.38
49.30
(2.70%)
(4.09%)
55
13.08
Buyback yield%
9.47
8.12
10.10
7.43
5.72
8.54
9.28
9.71
11.81
11.06
6.60
9.71
9.37
41
0.199
D/E ratiox
0.491
0.419
0.356
0.355
0.362
0.331
0.292
0.252
0.224
0.220
0.955
0.252
0.343
94
437.2
Enterprise valueVND B
46.05
53.34
55.96
63.03
64.14
67.25
68.29
71.09
79.54
86.48
60.67
6.16%
8.11%
90
24.42
LT debtVND B
222.3
214.6
226.3
221.6
239.6
229.7
259.2
252.2
248.9
276.9
70.86
2.94%
2.73%
57
Revenue
VND 633.6B
3.91%
1.00×
Cost of revenue
VND 378.2B
3.60%
0.97×
Operating expenses
VND 117.5B
4.70%
1.08×
Goodwill & intangibles
17.13%
Spread over hurdle
(1.80%)