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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 203.5x - 225.0x | 214.3x |
Selected Fwd P/E Multiple | 38.3x - 42.3x | 40.3x |
Fair Value | ₫10,432 - ₫11,530 | ₫10,981 |
Upside | -49.0% - -43.6% | -46.3% |
Benchmarks | - | Full Ticker |
Vietnam Container Shipping Joint Stock Corporation | - | HOSE:VSC |
Hai An Transport And Stevedoring Joint Stock Company | - | HOSE:HAH |
Transimex Corporation | - | HOSE:TMS |
Saigon Cargo Service Corporation | - | HOSE:SCS |
CII Bridges and Roads Investment Joint Stock Company | - | HOSE:LGC |
Ho Chi Minh City Infrastructure Investment Joint Stock Company | - | HOSE:CII |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
VSC | HAH | TMS | SCS | LGC | CII | |||
HOSE:VSC | HOSE:HAH | HOSE:TMS | HOSE:SCS | HOSE:LGC | HOSE:CII | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 9.8% | 40.2% | 0.3% | 5.9% | 8.9% | 10.9% | ||
3Y CAGR | 0.9% | 13.8% | -29.2% | 5.4% | 36.6% | NM- | ||
Latest Twelve Months | 158.5% | 243.1% | 120.1% | 20.7% | -51.9% | -91.4% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 16.7% | 21.6% | 10.4% | 69.7% | 43.9% | 10.6% | ||
Prior Fiscal Year | 4.5% | 13.4% | 6.7% | 62.0% | 42.9% | 5.1% | ||
Latest Fiscal Year | 12.1% | 15.4% | 6.1% | 59.8% | 20.9% | 7.6% | ||
Latest Twelve Months | 14.1% | 21.5% | 9.2% | 57.4% | 18.6% | 1.1% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 11.5x | 5.7x | 13.6x | 5.7x | 12.4x | 16.7x | ||
Price / LTM Sales | 3.3x | 2.2x | 2.1x | 5.4x | 4.8x | 4.4x | ||
LTM P/E Ratio | 23.1x | 10.4x | 22.9x | 9.5x | 25.6x | 402.5x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 9.5x | 22.9x | 25.6x | |||||
Historical LTM P/E Ratio | -262.3x | 12.6x | 2541.4x | |||||
Selected P/E Multiple | 203.5x | 214.3x | 225.0x | |||||
(x) LTM Net Income | 31,755 | 31,755 | 31,755 | |||||
(=) Equity Value | 6,463,630 | 6,803,821 | 7,144,012 | |||||
(/) Shares Outstanding | 624.9 | 624.9 | 624.9 | |||||
Implied Value Range | 10,342.74 | 10,887.10 | 11,431.45 | |||||
FX Rate: VND/VND | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 10,342.74 | 10,887.10 | 11,431.45 | 20,450.00 | ||||
Upside / (Downside) | -49.4% | -46.8% | -44.1% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | VSC | HAH | TMS | SCS | LGC | CII | |
Value of Common Equity | 10,370,059 | 10,638,353 | 7,112,126 | 6,063,278 | 11,860,568 | 12,780,097 | |
(/) Shares Outstanding | 374.4 | 168.9 | 169.3 | 94.9 | 192.9 | 624.9 | |
Implied Stock Price | 27,700.00 | 63,000.00 | 42,000.00 | 63,900.00 | 61,500.00 | 20,450.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 27,700.00 | 63,000.00 | 42,000.00 | 63,900.00 | 61,500.00 | 20,450.00 | |
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 |