45.30
RevenueVND B
156.0
166.6
180.8
191.1
206.4
222.2
236.9
251.5
270.7
296.1
50.14
7.48%
7.38%
84
24.86
Revenue growth%
4.90
4.45
3.34
6.05
5.31
7.17
8.97
7.86
9.97
12.10
24.92
8.97
6.61
60
28.55
Gross margin%
22.60
24.67
25.22
23.47
21.49
18.51
16.57
15.32
15.14
13.50
16.57
15.32
20.00
58
13.23
Operating margin%
20.62
21.11
18.38
15.64
14.30
16.68
15.31
12.72
14.65
16.51
9.44
15.31
16.07
46
7.78
Net margin%
10.42
10.60
9.38
7.53
5.16
6.03
8.09
7.52
7.13
8.34
3.33
7.52
7.81
18
18.80
P/E ratio (avg)x
41.09
47.98
51.30
54.65
59.35
57.92
65.76
74.20
86.18
99.77
18.46
74.20
58.64
73
26.11
EV/EBITx
27.72
26.46
27.74
27.81
27.32
28.25
30.12
28.46
29.70
32.75
24.94
29.70
28.03
61
13.36
FCF yield (avg)%
16.82
14.37
13.19
15.80
15.76
13.44
15.10
14.85
13.38
13.09
16.91
13.44
14.61
74
22.87
FCF margin%
1.07
0.40
0.40
2.10
2.53
2.13
0.40
3.09
3.78
2.05
9.21
2.13
2.07
46
0.810
FCF / Net incomex
0.785
0.860
0.926
1.029
1.116
1.113
1.200
1.225
1.215
1.396
1.758
1.215
1.115
12
27.11
ROIC%
7.70
5.53
4.25
3.98
3.80
4.55
2.78
4.45
6.55
8.86
12.46
4.55
4.50
52
22.95
Return on equity%
19.09
19.42
16.65
14.11
15.29
15.92
18.13
19.72
20.37
23.14
24.20
19.72
18.61
70
17.00
Return on assets%
21.55
22.39
22.58
25.49
24.96
27.78
27.53
28.86
28.76
29.44
19.31
28.76
26.51
44
221.84
EPSVND
358.59
382.49
359.11
386.16
401.75
405.89
383.35
366.61
397.06
367.07
246.37
(1.79%)
0.16%
—
7.87
EPS growth%
10.32
12.72
12.40
14.24
17.02
16.30
16.90
14.21
14.13
11.97
29.29
14.21
14.17
56
821.67
Bookvalue per shVND
725.44
762.17
811.15
918.98
875.54
906.88
922.54
876.53
914.74
1,059
517.11
3.89%
5.14%
—
923.37
FCF per shareVND
374.70
390.49
432.92
420.86
431.17
488.11
446.30
488.18
540.79
545.13
740.66
4.80%
4.91%
—
247.29
Dividend per shVND
912.78
1,088
1,135
1,246
1,368
1,534
1,606
1,951
2,312
2,423
671.58
12.10%
10.97%
—
29.31
Div yield (avg)%
19.44
19.38
21.97
20.31
19.87
19.49
17.64
15.78
14.60
14.32
25.49
15.78
19.41
84
17.51
Payout ratio%
25.28
24.41
26.61
26.08
27.84
26.04
26.92
27.21
27.52
24.81
12.02
26.92
26.34
16
67.22
Shares (diluted)M
99.30
99.39
95.39
88.14
93.70
103.6
102.4
95.83
88.30
101.8
68.65
1.67%
0.77%
78
26.43
Buyback yield%
7.00
4.23
4.48
7.13
6.92
4.70
5.99
6.21
3.41
5.86
23.48
5.86
5.92
9
1.606
D/E ratiox
0.356
0.341
0.375
0.336
0.375
0.414
0.394
0.397
0.406
0.421
0.487
0.406
0.384
32
306.5
Enterprise valueVND B
176.8
194.6
178.5
192.3
196.5
197.1
194.7
216.6
214.0
229.3
134.6
3.13%
3.56%
71
79.31
LT debtVND B
171.8
196.2
209.4
220.2
226.1
240.6
244.5
279.3
286.5
277.2
99.42
4.16%
5.90%
58
Revenue
VND 296.1B
7.38%
1.00×
Cost of revenue
VND 168.6B
7.65%
1.03×
Operating expenses
VND 62.25B
7.43%
1.00×
Spread over hurdle
(9.08%)