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LGC
6.9%
VSC
-2.5%
PDN
2.3%
HK
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Vietnam Maritime Development JSC
HNX:VMS
越南 / 工業 / 交通基礎設施
貨幣
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綜觀
股息
財報
模型
財務狀況
比較
穩健度
圖表
5 年 DCF 增長退出價
股價
22,700.00
VND
公允價值
53,578.07
VND
Metrics
Range
Conclusion
Discount Rate
9.5% - 8.5%
9.0%
Perpetuity Growth Rate
0.0% - 0.5%
0.0%
Fair Value
₫51,289 - ₫58,296
₫53,578
Upside
83.8% - 108.9%
92.0%
8.9%
Revenue 5y CAGR
13.1%
5y Avg EBITDA Margin
60.1%
Unlevered FCF 5y CAGR
5-Year DCF Model: Gordon Growth Exit
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儲存
股價
22,700.00
VND
公允價值
53,578.07
VND
看漲
92.0%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(VND in millions)
Input Projections
Fiscal Years Ending
Dec-24
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Revenue
213,828
256,593
288,668
310,318
321,179
327,602
% Growth
31.2%
20.0%
12.5%
7.5%
3.5%
2.0%
EBITDA
10,879
26,823
37,393
43,301
44,816
45,713
% of Revenue
5.1%
10.5%
13.0%
14.0%
14.0%
14.0%
支援算式
Calculation of Free Cash Flow
Discounting Periods
Discounting Factors
Calculation of Enterprise Value
Equity Waterfall
Historical Financials
Current Trading Multiples
Calculation of Free Cash Flow
Projected Unlevered Cash Flow
(VND in millions)
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Terminal
EBITDA
26,823
37,393
43,301
44,816
45,713
45,713
Other Income / (Exp)
0
0
0
0
0
0
D&A
(3,941)
(4,434)
(4,767)
(4,933)
(5,032)
(866)
EBIT
22,882
32,959
38,534
39,883
40,680
44,847
Pro forma Taxes
(4,576)
(6,592)
(7,707)
(7,977)
(8,136)
(8,969)
NOPAT
5,830
18,306
26,367
30,827
31,906
32,544
35,878
Capital Expenditures
(900)
(714)
(803)
(863)
(893)
(911)
(911)
NWC Investment
(5,098)
(4,285)
(3,214)
(2,169)
(1,088)
(644)
0
(+) D&A
3,591
3,941
4,434
4,767
4,933
5,032
866
Free Cash Flow
3,423
17,248
26,785
32,561
34,858
36,022
35,832
% Growth
404%
55%
22%
7%
3%
-1%
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