138.6
RevenueVND B
278.0
282.3
295.3
308.9
325.6
331.4
340.0
360.7
372.6
379.7
154.9
3.13%
3.68%
35
19.55
Revenue growth%
33.77
36.66
39.61
37.87
38.06
39.40
40.99
42.71
40.74
38.28
16.57
40.74
38.84
81
16.34
Gross margin%
0.40
2.60
0.40
2.28
0.61
1.65
3.96
1.98
1.97
4.59
6.83
1.98
1.98
23
15.95
Operating margin%
7.02
9.74
10.50
8.44
11.05
12.43
14.39
15.19
15.64
17.12
6.97
15.19
11.74
53
20.49
Net margin%
16.16
16.55
19.19
20.50
23.05
21.47
20.01
22.49
22.90
23.81
15.10
22.49
20.99
6
30.06
P/E ratio (avg)x
11.78
11.92
14.05
16.15
16.19
16.85
16.67
18.29
21.64
24.27
10.46
18.29
16.43
81
34.11
EV/EBITx
17.27
19.29
22.20
24.87
27.77
31.05
29.02
29.06
32.96
33.79
6.132
31.05
28.39
20
18.75
FCF yield (avg)%
1.88
3.01
1.47
0.40
0.82
1.90
0.59
1.73
3.26
4.49
18.79
1.90
1.80
64
19.28
FCF margin%
13.62
12.71
12.31
11.59
8.94
8.68
11.51
13.15
11.47
10.53
12.02
11.47
11.55
21
0.623
FCF / Net incomex
0.700
0.640
0.643
0.607
0.594
0.633
0.583
0.563
0.550
0.565
0.685
0.565
0.601
95
26.52
ROIC%
18.79
19.48
20.25
19.32
17.83
18.03
19.62
22.24
23.68
22.50
5.64
22.24
19.55
20
15.35
Return on equity%
2.69
1.46
0.40
0.40
1.21
3.43
6.39
3.63
6.00
7.12
26.74
6.00
3.06
46
2.20
Return on assets%
12.88
10.12
11.68
9.02
9.60
9.12
10.91
10.53
9.44
9.54
23.88
9.54
9.86
58
921.63
EPSVND
1,782
1,833
1,759
1,606
1,738
1,812
1,749
1,868
1,873
1,881
996.58
1.60%
1.13%
—
21.90
EPS growth%
2.22
0.96
0.40
2.74
0.88
0.40
0.40
0.40
3.11
3.60
17.83
0.40
0.92
85
2,620
Bookvalue per shVND
3,119
2,900
2,697
2,711
2,936
3,013
3,128
3,098
3,123
2,961
1,333
0.17%
0.37%
—
1,445
FCF per shareVND
3,389
3,536
3,801
4,216
4,189
4,449
4,746
4,973
5,254
5,821
1,127
6.80%
6.47%
—
2,381
Dividend per shVND
1,023
957.55
861.09
759.02
741.05
682.51
634.05
541.03
493.69
463.08
2,212
(8.97%)
(7.40%)
—
21.06
Div yield (avg)%
20.47
18.94
18.14
18.22
15.62
17.82
15.99
15.57
15.17
13.94
4.62
15.57
16.91
11
9.10
Payout ratio%
26.47
26.37
24.87
26.58
23.90
22.94
24.27
24.98
24.00
21.64
19.51
24.00
24.57
43
50.70
Shares (diluted)M
66.03
63.96
69.41
68.97
76.90
87.86
91.58
101.1
104.2
104.6
51.08
6.34%
5.43%
80
28.55
Buyback yield%
20.26
21.13
21.54
24.26
22.77
20.99
21.90
22.78
24.13
21.48
29.25
21.90
21.72
49
0.684
D/E ratiox
0.309
0.293
0.295
0.282
0.262
0.281
0.244
0.214
0.213
0.215
1.066
0.215
0.271
6
78.22
Enterprise valueVND B
594.9
636.9
599.4
648.7
661.2
768.0
823.5
908.0
877.2
958.0
184.7
7.70%
5.96%
6
248.2
LT debtVND B
586.4
570.3
546.4
584.6
648.1
630.7
742.5
796.3
875.7
912.3
459.3
7.08%
4.86%
72
Revenue
VND 379.7B
3.68%
1.00×
Cost of revenue
VND 265.8B
3.68%
1.00×
Operating expenses
VND 78.13B
3.81%
1.01×
Goodwill & intangibles
16.62%
Spread over hurdle
(9.12%)