10,478
RevenueVND B
5,250
5,727
6,056
6,391
6,953
7,607
8,174
8,651
9,395
10,179
10,708
7.92%
7.35%
64
22.63
Revenue growth%
29.18
29.53
28.24
27.43
30.02
32.58
33.63
36.49
37.90
40.81
17.59
36.49
31.30
23
7.07
Gross margin%
35.63
32.80
32.37
33.19
34.74
33.88
35.34
34.50
31.59
33.83
4.37
33.88
33.86
90
20.69
Operating margin%
20.79
19.01
18.24
19.09
19.46
17.03
17.48
17.15
17.51
18.93
26.34
17.48
18.58
60
29.22
Net margin%
27.74
27.28
27.19
28.48
29.14
31.97
33.94
31.48
29.06
26.79
10.72
31.48
28.77
31
13.96
P/E ratio (avg)x
32.41
27.67
29.52
29.80
26.35
26.71
23.65
23.24
20.85
18.23
34.99
23.24
26.53
23
37.04
EV/EBITx
52.08
60.22
71.01
71.06
81.80
92.22
92.79
111.3
113.9
117.3
35.69
111.3
87.01
82
8.84
FCF yield (avg)%
19.06
19.85
18.07
17.40
14.94
17.42
18.13
17.37
17.06
18.33
18.59
17.42
17.75
34
9.59
FCF margin%
5.83
8.44
9.21
7.26
4.63
3.47
3.88
4.50
1.90
2.09
21.58
3.47
4.56
17
1.027
FCF / Net incomex
1.363
1.542
1.595
1.800
2.053
2.457
2.393
2.760
2.779
2.712
1.796
2.712
2.223
95
15.15
ROIC%
28.06
30.66
30.81
28.97
30.73
31.63
32.81
35.17
34.08
34.25
9.26
34.08
31.22
36
6.97
Return on equity%
16.59
16.96
14.02
12.03
12.40
11.78
13.71
16.37
14.08
15.23
11.46
14.08
14.05
43
4.68
Return on assets%
20.24
22.82
23.19
24.03
21.68
23.00
22.63
25.02
27.46
29.83
25.63
25.02
23.09
12
2,394
EPSVND
2,700
2,701
2,456
2,661
2,625
2,588
2,906
2,684
2,931
2,724
2,601
0.74%
(0.62%)
—
13.52
EPS growth%
0.40
0.40
0.40
0.40
0.40
0.40
3.07
4.80
3.46
1.91
7.30
3.07
0.40
93
2,419
Bookvalue per shVND
1,880
1,929
1,993
2,038
2,022
2,076
2,462
2,875
3,196
3,734
1,373
13.05%
7.41%
—
1,556
FCF per shareVND
363.62
356.70
394.53
438.67
460.32
465.62
449.42
446.89
420.60
427.10
1,963
(1.49%)
1.98%
—
495.38
Dividend per shVND
552.68
539.94
562.18
572.33
515.24
472.41
428.16
388.23
418.39
396.71
699.44
(5.09%)
(4.13%)
—
22.15
Div yield (avg)%
6.80
8.77
11.65
10.77
11.69
10.07
7.60
6.16
4.56
7.26
23.11
7.26
8.18
27
23.68
Payout ratio%
24.95
24.90
26.27
24.79
26.42
24.36
25.45
26.69
24.62
23.23
20.50
24.62
24.92
94
2.931
Shares (diluted)B
5.006
5.652
6.829
8.106
8.890
10.23
12.24
12.25
14.43
16.11
2.934
12.62%
13.22%
12
28.97
Buyback yield%
16.47
17.96
16.03
13.11
13.40
15.55
14.92
15.91
18.86
16.23
27.32
15.91
15.97
70
0.975
D/E ratiox
1.229
1.308
1.386
1.349
1.270
1.151
1.105
0.954
0.986
1.057
1.278
1.057
1.190
77
14,320
Enterprise valueVND B
3,058
2,901
2,828
3,149
3,321
3,734
4,217
4,273
4,154
4,640
2,466
6.92%
3.72%
49
5,159
LT debtVND B
10,083
10,716
10,012
10,348
11,252
10,827
12,254
11,815
11,858
13,325
14,470
3.44%
2.91%
84
Revenue
VND 10.18T
7.35%
1.00×
Cost of revenue
VND 7.125T
7.35%
1.00×
Operating expenses
VND 1.974T
7.25%
0.99×
Goodwill & intangibles
21.60%
Property and equipment
16.84%
Spread over hurdle
(13.48%)