1,196
RevenueVND B
980.4
1,050
1,136
1,218
1,290
1,370
1,494
1,572
1,659
1,740
1,283
6.17%
6.42%
33
5.98
Revenue growth%
0.40
0.40
3.33
2.93
4.72
2.06
0.40
3.21
2.98
5.66
13.21
2.98
2.95
50
26.88
Gross margin%
11.03
13.89
14.10
16.31
16.96
19.78
18.42
16.04
16.45
14.24
13.31
16.45
16.18
27
18.34
Operating margin%
13.84
14.99
17.54
15.63
17.53
15.65
14.27
12.43
11.67
12.89
8.38
12.89
14.63
81
8.30
Net margin%
25.47
23.30
23.93
21.02
21.02
19.38
16.91
19.82
17.11
16.16
3.82
17.11
20.42
80
23.25
P/E ratio (avg)x
38.69
37.89
33.73
30.26
32.78
33.49
30.73
31.43
35.04
31.97
12.37
31.97
33.13
71
7.351
EV/EBITx
50.72
51.13
51.72
58.56
58.94
65.34
72.54
80.65
78.99
89.72
23.45
78.99
62.14
30
18.00
FCF yield (avg)%
29.94
31.15
31.37
30.84
33.55
34.70
35.74
35.56
37.96
39.22
23.57
35.74
34.13
75
11.35
FCF margin%
10.68
9.42
8.62
5.63
5.80
4.86
2.75
4.95
4.07
6.59
15.45
4.86
5.71
10
0.387
FCF / Net incomex
1.135
1.189
1.122
0.964
0.907
0.940
0.836
0.810
0.766
0.821
0.796
0.821
0.924
79
5.41
ROIC%
22.01
22.49
23.69
24.41
26.47
28.84
29.88
28.41
25.72
27.37
11.14
28.41
26.10
74
14.44
Return on equity%
14.66
15.55
14.91
16.80
16.64
17.27
20.13
21.62
19.90
18.04
16.77
19.90
17.03
11
10.08
Return on assets%
27.73
27.53
28.43
28.42
29.16
29.29
31.59
33.82
33.09
30.74
14.35
31.59
29.23
23
934.27
EPSVND
583.77
528.38
455.95
391.65
340.13
356.94
353.80
352.28
343.51
344.49
1,010
0.26%
(6.56%)
—
29.69
EPS growth%
8.68
8.52
9.01
6.41
8.33
9.04
7.60
7.98
7.46
10.32
25.46
7.98
8.42
75
655.41
Bookvalue per shVND
1,528
1,798
2,092
2,083
2,021
2,344
2,672
3,172
3,125
3,594
426.13
12.20%
9.17%
—
943.21
FCF per shareVND
378.55
440.32
459.78
473.83
531.98
565.42
655.52
723.22
772.15
920.42
214.64
11.59%
10.43%
—
759.68
Dividend per shVND
1,331
1,517
1,732
2,066
2,343
2,450
2,842
3,182
3,778
4,501
286.46
13.95%
14.51%
—
10.45
Div yield (avg)%
27.29
28.11
26.72
29.31
31.50
33.60
36.20
36.06
33.54
32.99
15.94
33.60
32.25
7
16.31
Payout ratio%
14.97
17.02
17.79
19.10
19.76
20.66
19.69
21.53
24.13
22.50
14.72
21.53
19.73
66
1.027
Shares (diluted)B
1.685
1.746
1.913
2.107
2.346
2.730
2.867
3.120
3.700
4.373
1.008
13.26%
11.61%
71
22.27
Buyback yield%
2.85
0.40
1.50
1.09
0.50
0.40
0.40
1.13
3.31
3.14
6.78
1.13
1.11
79
0.723
D/E ratiox
1.538
1.702
1.897
2.148
2.258
2.474
2.779
3.170
3.059
3.363
1.588
3.059
2.366
92
1,083
Enterprise valueVND B
539.9
504.5
484.1
448.0
416.7
417.0
427.7
388.0
382.0
344.6
1,437
(3.73%)
(4.14%)
28
1,440
LT debtVND B
1,529
1,570
1,833
2,130
2,455
2,546
2,448
2,729
2,879
3,262
1,638
5.84%
8.93%
48
Revenue
VND 1.740T
6.42%
1.00×
Cost of revenue
VND 941.2B
6.49%
1.01×
Operating expenses
VND 283.6B
6.94%
1.05×
Cash and investments
17.19%
Spread over hurdle
(1.59%)