1,342
RevenueVND B
866.1
922.7
998.3
1,048
1,130
1,177
1,267
1,335
1,444
1,556
1,481
6.61%
6.85%
95
14.58
Revenue growth%
0.40
0.40
1.41
2.42
2.99
5.34
4.20
5.30
3.79
4.15
23.45
4.20
3.39
66
11.55
Gross margin%
10.57
9.86
12.81
12.37
9.40
10.60
9.98
9.95
8.83
8.35
17.22
9.95
9.96
46
5.48
Operating margin%
13.47
12.48
12.06
10.82
8.88
10.42
9.92
12.37
12.32
14.23
14.48
12.32
12.19
88
29.10
Net margin%
15.43
15.90
15.54
16.78
13.85
11.79
11.72
13.63
11.26
13.52
2.60
11.79
13.74
67
20.98
P/E ratio (avg)x
25.88
27.35
28.86
27.46
23.72
24.86
25.31
22.43
24.40
21.99
29.32
24.40
25.09
21
9.949
EV/EBITx
42.93
51.32
52.18
54.19
53.76
65.34
72.93
82.58
93.39
110.4
25.95
82.58
59.76
93
15.94
FCF yield (avg)%
18.94
16.85
19.74
21.43
22.54
24.07
27.06
25.40
26.84
26.14
3.65
26.14
23.31
43
18.43
FCF margin%
29.60
30.32
30.00
29.42
28.83
26.64
28.40
29.44
30.38
33.30
8.72
29.44
29.52
18
1.064
FCF / Net incomex
0.797
0.777
0.694
0.623
0.674
0.661
0.664
0.720
0.747
0.740
0.574
0.720
0.707
61
28.32
ROIC%
2.18
3.44
1.38
3.32
5.62
6.80
7.91
5.12
2.47
2.88
3.15
5.12
3.38
23
20.14
Return on equity%
5.38
2.56
1.42
1.16
0.49
1.45
1.34
2.34
5.03
7.47
19.73
2.34
1.89
12
24.57
Return on assets%
17.25
17.62
15.05
16.12
15.72
14.87
16.20
16.93
18.45
16.88
9.78
16.88
16.54
18
3,258
EPSVND
4,071
4,018
4,176
4,331
4,753
5,068
4,872
5,724
6,273
6,031
3,382
4.88%
3.88%
—
3.65
EPS growth%
10.91
11.97
12.87
15.11
13.79
11.16
11.58
14.10
11.50
13.62
2.15
11.58
12.42
88
3,445
Bookvalue per shVND
4,868
4,994
5,477
6,305
6,472
6,914
6,935
7,933
8,177
8,838
1,626
6.43%
6.70%
—
2,858
FCF per shareVND
6,023
6,352
7,376
7,972
9,082
10,743
10,527
12,011
13,482
14,500
1,107
9.81%
11.00%
—
4,149
Dividend per shVND
3,820
3,805
3,940
4,298
4,431
4,938
4,701
5,264
4,797
4,809
1,210
1.65%
1.91%
—
29.95
Div yield (avg)%
0.40
0.72
0.40
2.67
3.28
3.82
5.35
6.91
9.09
9.32
8.64
6.91
3.55
8
9.11
Payout ratio%
15.79
17.29
17.50
17.13
18.12
15.29
14.27
13.57
11.48
13.44
12.52
13.57
15.54
51
285.0
Shares (diluted)M
330.8
303.9
334.3
364.1
391.9
415.7
456.9
498.0
564.2
533.5
290.7
6.36%
4.11%
94
16.15
Buyback yield%
4.50
3.49
3.73
1.68
2.71
0.78
0.40
0.91
0.43
0.40
8.78
0.43
1.30
40
0.186
D/E ratiox
1.002
0.983
1.008
1.112
1.220
1.280
1.219
1.309
1.155
1.152
0.764
1.219
1.154
5
190.5
Enterprise valueVND B
1,017
1,040
1,140
1,051
1,129
1,017
1,080
982.5
1,081
978.3
692.9
(2.82%)
0.40%
11
1,112
LT debtVND B
1,068
985.8
994.9
989.3
910.2
986.7
896.5
816.4
848.4
800.9
1,375
(2.53%)
(3.48%)
72
Revenue
VND 1.556T
6.85%
1.00×
Cost of revenue
VND 1.089T
6.85%
1.00×
Operating expenses
VND 283.8B
7.23%
1.04×
Goodwill & intangibles
22.45%
Cash and investments
14.73%
Spread over hurdle
(6.69%)