7,487
RevenueVND B
38,727
40,497
41,462
41,800
43,752
45,232
47,369
48,427
49,377
50,936
8,332
3.09%
3.26%
88
22.21
Revenue growth%
3.51
4.89
6.95
5.98
6.99
8.71
7.38
8.47
9.35
8.46
22.24
8.47
7.19
50
20.63
Gross margin%
0.40
2.48
0.40
3.06
2.34
1.14
1.22
2.69
5.02
6.91
20.84
2.69
2.41
7
5.74
Operating margin%
23.64
24.19
24.80
23.34
26.24
23.55
24.54
25.73
25.24
25.54
29.88
25.24
24.67
83
27.28
Net margin%
26.99
29.28
27.16
25.88
25.66
25.77
25.90
28.25
26.86
25.74
19.61
25.90
26.38
44
23.37
P/E ratio (avg)x
31.63
30.29
29.55
25.18
23.67
20.15
20.46
21.27
21.40
21.55
18.72
21.27
22.61
65
7.432
EV/EBITx
12.86
12.67
14.33
13.28
14.59
14.79
13.44
13.97
14.12
14.59
25.93
14.12
14.04
92
10.58
FCF yield (avg)%
7.88
7.21
6.60
8.40
6.50
5.89
5.21
3.26
0.40
3.34
8.92
3.34
6.20
42
28.50
FCF margin%
17.78
15.52
16.73
16.99
18.60
21.09
23.52
23.61
25.04
25.40
6.99
23.61
19.85
58
0.675
FCF / Net incomex
1.050
1.089
1.152
1.210
1.388
1.553
1.669
1.928
2.101
2.262
0.936
1.928
1.471
85
9.29
ROIC%
19.40
17.28
14.55
16.21
14.49
12.23
10.16
11.55
14.26
15.45
19.32
12.23
14.52
16
7.47
Return on equity%
16.28
14.35
16.48
14.69
16.59
15.38
17.52
16.87
14.68
14.12
6.01
15.38
15.83
9
8.74
Return on assets%
18.28
20.21
18.69
19.51
17.08
14.94
13.23
13.91
15.52
14.29
8.87
14.29
16.30
20
8,692
EPSVND
4,857
5,154
5,031
5,147
5,620
5,620
5,802
6,245
6,982
7,028
9,413
4.57%
4.76%
—
11.24
EPS growth%
28.32
25.83
26.52
27.81
27.35
27.95
30.77
33.21
33.38
33.11
17.49
33.11
28.13
70
9,126
Bookvalue per shVND
22,381
25,141
24,305
22,566
25,486
24,853
24,197
25,696
26,170
24,330
9,688
(0.92%)
1.14%
—
9,142
FCF per shareVND
7,532
7,513
8,473
7,763
7,866
9,010
10,073
10,796
11,247
11,238
16,362
7.40%
4.51%
—
5,374
Dividend per shVND
13,664
11,558
10,590
11,252
10,157
9,704
9,297
9,007
7,888
7,315
15,458
(6.35%)
(6.27%)
—
16.42
Div yield (avg)%
10.70
11.69
11.29
13.23
15.08
17.49
16.70
17.34
19.77
18.23
17.22
17.49
15.89
69
6.87
Payout ratio%
5.09
7.77
6.77
6.57
4.83
6.82
6.38
6.54
4.74
6.35
18.75
6.38
6.46
68
1.770
Shares (diluted)B
2.717
2.810
3.226
3.457
3.627
4.252
4.845
4.753
5.662
5.545
1.802
8.86%
7.90%
71
22.77
Buyback yield%
23.34
21.04
23.64
26.33
24.15
23.45
21.97
24.71
27.14
25.91
23.86
24.71
23.90
39
0.931
D/E ratiox
0.560
0.562
0.533
0.544
0.589
0.531
0.557
0.571
0.512
0.574
1.350
0.557
0.559
44
27,306
Enterprise valueVND B
11,297
11,719
12,690
12,229
13,533
12,648
14,655
15,339
15,755
17,242
41,648
4.96%
4.80%
68
15,399
LT debtVND B
19,810
19,651
19,836
21,197
20,410
22,130
21,600
23,350
25,036
23,144
42,238
2.55%
1.15%
38
Revenue
VND 50.94T
3.26%
1.00×
Cost of revenue
VND 24.81T
3.24%
1.00×
Operating expenses
VND 12.47T
3.04%
0.98×
Cash and investments
22.31%
Spread over hurdle
(3.35%)