2,520
RevenueVND B
2,367
2,430
2,380
2,384
2,364
2,324
2,300
2,304
2,366
2,400
2,615
0.31%
0.09%
72
19.21
Revenue growth%
15.71
18.22
18.31
18.73
19.44
19.63
16.64
17.13
18.04
16.53
24.85
17.13
18.13
89
25.24
Gross margin%
7.08
7.14
6.03
7.50
5.74
2.86
0.77
0.40
0.71
2.74
13.87
0.77
4.30
36
16.71
Operating margin%
14.80
16.58
17.29
20.28
17.83
16.03
14.44
13.10
10.63
9.48
13.34
13.10
15.41
48
28.50
Net margin%
23.04
20.99
22.82
25.32
25.10
24.70
21.93
23.03
20.60
20.19
23.70
21.93
22.92
17
22.41
P/E ratio (avg)x
27.65
28.55
29.28
26.07
27.07
23.42
21.76
22.58
23.72
23.98
8.464
23.42
25.03
31
14.61
EV/EBITx
9.684
9.627
9.327
9.093
8.862
8.140
8.499
7.552
7.720
8.672
32.96
8.140
8.767
28
26.41
FCF yield (avg)%
25.82
23.38
25.90
23.02
22.81
20.65
19.88
22.68
23.08
25.30
25.88
22.68
23.05
45
15.27
FCF margin%
27.58
25.58
24.83
23.07
24.75
25.39
26.27
27.73
28.08
27.95
21.46
27.73
25.93
46
1.072
FCF / Net incomex
1.719
1.868
2.155
2.140
2.361
2.205
2.138
2.370
2.685
2.973
0.881
2.370
2.180
93
24.58
ROIC%
7.76
9.94
12.66
15.33
16.24
16.95
16.80
18.77
15.78
17.81
18.70
16.95
16.01
95
7.44
Return on equity%
29.54
29.79
29.50
28.04
29.33
29.11
27.13
24.40
27.39
25.39
24.79
27.13
28.57
20
16.66
Return on assets%
17.95
16.27
13.65
15.18
12.58
10.59
11.43
12.93
15.86
13.93
16.64
12.93
13.79
51
39,702
EPSVND
72,776
83,449
95,711
102,721
115,451
139,055
155,436
170,850
199,353
203,483
40,814
12.00%
12.51%
—
24.79
EPS growth%
14.61
16.14
17.40
20.31
23.25
24.29
25.27
27.55
25.41
23.69
14.89
25.27
23.47
92
21,105
Bookvalue per shVND
49,245
55,350
54,799
63,223
64,838
68,196
66,307
61,827
63,615
68,269
61,611
1.04%
3.07%
—
69,937
FCF per shareVND
49,357
56,018
61,022
59,597
56,977
66,447
76,726
72,812
78,392
87,096
62,771
8.86%
6.00%
—
49,636
Dividend per shVND
22,106
20,327
21,895
22,423
23,840
22,861
21,606
22,486
20,341
21,460
63,102
(2.08%)
(0.69%)
—
15.55
Div yield (avg)%
23.68
21.17
22.56
24.04
24.45
24.45
26.76
26.37
28.91
26.16
23.30
26.37
24.45
94
2.39
Payout ratio%
23.39
23.91
25.99
26.04
23.62
22.43
25.03
22.20
21.68
23.96
20.77
22.43
23.76
33
26.11
Shares (diluted)M
25.28
25.05
24.43
24.16
26.23
25.54
27.61
29.49
33.17
35.05
27.04
5.97%
2.92%
59
7.53
Buyback yield%
23.05
22.60
21.02
19.45
19.82
20.40
18.67
19.38
18.83
19.52
5.95
19.38
19.67
59
0.977
D/E ratiox
0.352
0.363
0.329
0.337
0.306
0.320
0.337
0.338
0.353
0.352
1.696
0.338
0.338
80
1,209
Enterprise valueVND B
3,769
3,763
4,526
5,314
5,559
6,212
6,406
7,532
7,917
9,024
2,923
10.17%
9.11%
45
843.3
LT debtVND B
2,583
2,334
2,100
1,878
1,662
1,442
1,551
1,594
1,451
1,334
975.0
(4.31%)
(5.91%)
15
Revenue
VND 2.400T
0.09%
1.00×
Cost of revenue
VND 1.404T
0.31%
1.02×
Operating expenses
VND 581.4B
0.14%
1.00×
Spread over hurdle
(4.76%)