1,803
RevenueVND B
2,605
2,779
2,888
3,039
3,189
3,356
3,585
3,845
3,987
4,190
1,996
5.61%
5.40%
78
23.12
Revenue growth%
23.90
26.32
25.03
25.11
26.72
26.08
23.68
23.45
20.66
20.80
13.35
23.45
24.47
27
19.39
Gross margin%
19.26
19.77
19.45
20.97
20.42
19.17
19.04
17.48
18.98
21.76
3.49
19.04
19.36
11
16.93
Operating margin%
1.23
0.40
0.40
0.40
1.64
3.81
2.20
4.67
6.26
8.58
14.07
4.67
1.92
28
10.02
Net margin%
29.06
30.20
30.19
29.64
28.71
30.89
33.70
34.53
33.05
34.33
29.11
33.70
30.55
77
36.99
P/E ratio (avg)x
17.46
16.88
19.04
19.69
20.50
23.31
24.58
27.14
30.36
31.26
32.89
27.14
21.90
40
37.02
EV/EBITx
19.05
18.75
19.68
19.46
19.88
19.59
20.11
22.02
19.67
22.15
24.11
20.11
19.67
65
28.30
FCF yield (avg)%
7.03
5.60
6.64
9.01
11.73
10.85
9.62
10.30
12.44
15.42
26.53
10.85
9.96
94
8.11
FCF margin%
33.06
35.68
33.41
30.50
29.48
26.50
27.83
29.19
31.84
32.88
6.48
29.19
31.17
59
0.163
FCF / Net incomex
0.782
0.780
0.866
0.867
0.865
0.807
0.890
0.957
1.035
1.036
0.910
0.957
0.867
18
9.80
ROIC%
8.64
10.16
10.80
8.43
8.12
9.43
8.73
9.23
7.02
9.17
21.11
9.17
8.95
15
20.13
Return on equity%
6.61
7.09
9.73
11.02
13.60
12.98
10.32
10.03
10.97
12.25
13.92
10.97
10.65
11
18.35
Return on assets%
0.51
0.40
2.32
0.40
2.12
2.06
3.52
2.37
0.40
0.40
18.66
2.06
1.28
59
1,751
EPSVND
3,555
3,983
3,623
3,333
3,148
2,972
3,212
3,638
4,030
3,892
1,932
4.34%
1.99%
—
14.77
EPS growth%
28.12
29.34
26.36
24.45
21.57
20.97
20.28
23.17
22.76
23.03
20.69
22.76
23.10
11
3,604
Bookvalue per shVND
1,605
1,730
1,906
2,181
2,315
2,613
2,849
2,926
3,254
3,292
1,843
7.29%
8.67%
—
759.73
FCF per shareVND
3,248
3,156
3,658
3,890
4,130
3,890
3,860
4,166
4,665
5,427
2,349
5.61%
6.33%
—
2,207
Dividend per shVND
3,220
3,221
3,569
4,079
4,585
4,995
5,303
6,025
6,611
6,711
1,070
7.92%
7.47%
—
18.27
Div yield (avg)%
21.87
24.00
22.12
19.45
16.88
14.57
17.16
18.56
19.13
18.55
11.65
18.55
18.85
26
26.79
Payout ratio%
10.28
7.77
5.26
8.22
10.74
10.18
12.03
11.80
10.61
12.60
19.29
11.80
10.45
32
1.162
Shares (diluted)B
0.901
0.916
0.835
0.734
0.789
0.714
0.679
0.692
0.666
0.639
1.125
(4.14%)
(3.28%)
74
11.86
Buyback yield%
10.97
10.09
11.60
13.23
15.09
12.86
12.69
14.30
12.10
12.03
23.09
12.69
12.40
76
0.986
D/E ratiox
1.755
1.845
1.775
1.921
2.146
2.251
2.075
1.954
2.098
2.394
1.326
2.098
2.014
63
3,742
Enterprise valueVND B
1,635
1,571
1,494
1,492
1,616
1,482
1,410
1,427
1,442
1,371
270.3
(3.24%)
(0.44%)
69
3,837
LT debtVND B
1,000
1,012
1,067
984.3
1,012
1,011
943.6
1,074
1,156
1,100
1,660
1.67%
0.48%
51
Revenue
VND 4.190T
5.40%
1.00×
Cost of revenue
VND 2.209T
5.56%
1.01×
Operating expenses
VND 1.023T
5.26%
0.99×
Goodwill & intangibles
16.31%
Spread over hurdle
(3.93%)