208.4
RevenueVND B
191.3
194.2
193.2
198.7
200.7
199.4
201.6
201.0
198.6
202.5
214.1
0.18%
0.41%
61
27.25
Revenue growth%
3.74
6.41
6.53
8.42
8.17
10.85
12.70
10.82
9.84
9.59
17.53
10.82
9.01
37
23.00
Gross margin%
6.62
6.35
7.94
7.28
7.40
10.37
8.06
10.60
10.93
9.06
26.66
10.37
8.00
93
19.82
Operating margin%
19.47
16.99
19.63
22.49
25.43
24.10
25.24
25.37
24.37
21.67
27.87
24.37
23.29
63
29.99
Net margin%
4.14
6.73
5.51
7.73
5.63
4.41
3.12
3.46
5.95
5.42
2.01
4.41
5.47
68
37.72
P/E ratio (avg)x
49.98
57.85
62.48
62.03
60.62
70.59
73.38
81.29
83.83
89.71
21.80
81.29
66.53
36
29.65
EV/EBITx
5.489
5.440
4.700
4.930
4.672
4.590
3.963
4.200
4.159
3.992
27.48
4.159
4.631
13
13.93
FCF yield (avg)%
19.15
17.02
19.09
20.66
20.39
21.10
20.24
21.21
19.64
18.11
11.54
20.24
19.94
21
7.05
FCF margin%
20.81
22.68
20.16
22.29
23.49
24.85
24.75
23.81
25.68
28.23
11.76
24.85
23.65
20
1.126
FCF / Net incomex
0.310
0.288
0.310
0.331
0.338
0.329
0.355
0.335
0.354
0.317
0.308
0.335
0.330
11
8.38
ROIC%
16.22
14.29
13.17
14.15
14.35
11.50
11.49
11.67
12.93
10.78
8.53
11.50
13.05
62
8.84
Return on equity%
16.87
18.40
21.37
21.66
23.01
23.17
22.09
19.60
21.59
21.95
16.07
21.95
21.62
6
21.36
Return on assets%
11.57
10.58
12.05
14.18
16.95
17.92
18.54
20.77
18.14
16.29
5.35
18.14
16.62
81
2,352
EPSVND
3,240
3,391
3,901
4,422
4,936
5,310
6,331
7,150
7,256
8,773
2,502
12.19%
12.27%
—
4.91
EPS growth%
12.15
15.00
15.12
16.54
15.48
15.89
14.00
14.46
12.05
13.35
29.44
14.00
14.73
67
1,393
Bookvalue per shVND
1,228
1,166
1,319
1,488
1,476
1,465
1,686
1,790
1,776
1,819
1,324
4.26%
3.24%
—
1,447
FCF per shareVND
2,228
2,526
2,844
2,658
3,006
3,100
2,951
3,128
3,212
3,471
1,102
2.91%
4.26%
—
1,063
Dividend per shVND
2,574
2,909
3,104
2,940
2,870
3,189
3,555
3,848
4,105
3,824
1,483
5.91%
4.32%
—
13.02
Div yield (avg)%
0.40
1.50
3.41
3.83
5.74
6.37
3.63
0.78
1.21
1.18
18.67
1.21
2.45
42
5.15
Payout ratio%
3.60
4.29
2.15
3.52
5.37
5.30
4.47
5.01
7.17
4.56
14.21
5.01
4.52
42
73.25
Shares (diluted)M
45.62
42.00
44.12
41.51
44.70
46.54
39.91
38.62
41.13
42.90
75.72
(0.82%)
(0.62%)
23
14.15
Buyback yield%
16.91
18.11
20.29
20.85
19.46
20.88
23.62
23.71
24.87
25.30
27.97
23.71
20.87
21
1.358
D/E ratiox
1.565
1.677
1.937
1.944
2.098
2.292
2.496
2.644
2.606
2.593
0.538
2.593
2.195
12
120.7
Enterprise valueVND B
34.90
39.61
43.42
51.73
56.81
59.83
65.98
78.52
86.59
89.07
9.716
9.41%
10.35%
65
167.5
LT debtVND B
93.61
101.7
96.48
100.5
109.5
111.5
118.8
122.7
115.6
121.8
59.47
2.14%
1.90%
62
Revenue
VND 202.5B
0.41%
1.00×
Cost of revenue
VND 141.8B
0.41%
1.00×
Operating expenses
VND 43.81B
0.87%
1.05×
Goodwill & intangibles
20.17%
Cash and investments
18.19%
Property and equipment
14.94%
Spread over hurdle
(11.22%)