Похоже, при загрузке страницы произошла ошибка.
Наша команда получила уведомление. Если проблема сохранится, свяжитесь с нами через виджет поддерж. по email.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 9,0x - 9,9x | 9,5x |
| Selected Fwd EBIT Multiple | 9,4x - 10,4x | 9,9x |
| Fair Value | 15.022₫ - 18.350₫ | 16.686₫ |
| Upside | 27,3% - 55,5% | 41,4% |
| Benchmarks | Ticker | Full Ticker |
| Song Da 5 Joint Stock Company | SD5 | HNX:SD5 |
| BGI Group Joint Stock Company | VC7 | HNX:VC7 |
| IDICO Infrastructure Development Investment Joint Stock Company | HTI | HOSE:HTI |
| Vina2 Invest and Construction Joint Stock Company | VC2 | HNX:VC2 |
| Construction Joint Stock Company No. 1 | VC1 | HNX:VC1 |
| Song Da 9 Joint Stock Company | SD9 | HNX:SD9 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| SD5 | VC7 | HTI | VC2 | VC1 | SD9 | ||
| HNX:SD5 | HNX:VC7 | HOSE:HTI | HNX:VC2 | HNX:VC1 | HNX:SD9 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -13.5% | NM- | NM- | -2.8% | NM- | 42.1% | |
| 3Y CAGR | -24.9% | NM- | NM- | -0.1% | NM- | 1.0% | |
| Latest Twelve Months | -45.7% | -57.3% | -14.6% | 58.3% | 20.2% | -2.4% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 2.2% | 0.1% | 29.3% | 5.7% | 4.5% | 17.6% | |
| Prior Fiscal Year | 1.5% | 12.9% | 33.2% | 4.1% | 6.9% | 24.8% | |
| Latest Fiscal Year | 0.8% | 7.0% | 25.5% | 5.8% | 3.6% | 28.6% | |
| Latest Twelve Months | 0.8% | 7.0% | 25.5% | 5.8% | 3.6% | 28.6% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.03x | 1.88x | 1.46x | 0.42x | 0.50x | 2.29x | |
| EV / LTM EBITDA | 1.3x | 17.2x | 3.2x | 6.4x | 12.0x | 5.4x | |
| EV / LTM EBIT | 3.4x | 26.9x | 5.8x | 7.3x | 13.6x | 8.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 3.4x | 7.3x | 26.9x | ||||
| Historical EV / LTM EBIT | 8.0x | 35.8x | 36.4x | ||||
| Selected EV / LTM EBIT | 9.0x | 9.5x | 9.9x | ||||
| (x) LTM EBIT | 122,127 | 122,127 | 122,127 | ||||
| (=) Implied Enterprise Value | 1,096,861 | 1,154,590 | 1,212,320 | ||||
| (-) Non-shareholder Claims * | (568,176) | (568,176) | (568,176) | ||||
| (=) Equity Value | 528,685 | 586,414 | 644,144 | ||||
| (/) Shares Outstanding | 34.2 | 34.2 | 34.2 | ||||
| Implied Value Range | 15,443.26 | 17,129.58 | 18,815.90 | ||||
| FX Rate: VND/VND | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 15,443.26 | 17,129.58 | 18,815.90 | 11,800.00 | |||
| Upside / (Downside) | 30.9% | 45.2% | 59.5% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | SD5 | VC7 | HTI | VC2 | VC1 | SD9 | |
| Enterprise Value | 61,883 | 564,890 | 717,451 | 522,109 | 222,191 | 972,137 | |
| (+) Cash & Short Term Investments | 175,164 | 14,037 | 311,330 | 396,979 | 30,366 | 190,020 | |
| (+) Investments & Other | 0 | 310,500 | 0 | 440,076 | 0 | 5,343 | |
| (-) Debt | (29,048) | (125,289) | (587,180) | (840,928) | (142,158) | (600,357) | |
| (-) Other Liabilities | 0 | (14,632) | 0 | (16,219) | 0 | (163,181) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 207,999 | 749,506 | 441,601 | 502,017 | 110,400 | 403,961 | |
| (/) Shares Outstanding | 26.0 | 96.1 | 24.9 | 68.8 | 12.0 | 34.2 | |
| Implied Stock Price | 8,000.00 | 7,800.00 | 17,700.00 | 7,300.00 | 9,200.00 | 11,800.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 8,000.00 | 7,800.00 | 17,700.00 | 7,300.00 | 9,200.00 | 11,800.00 | |
| Trading Currency | VND | VND | VND | VND | VND | VND | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |