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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 12.6x - 14.0x | 13.3x |
Selected Fwd P/E Multiple | 12.4x - 13.7x | 13.1x |
Fair Value | ₫12,143 - ₫13,422 | ₫12,783 |
Upside | -0.1% - 10.5% | 5.2% |
Benchmarks | - | Full Ticker |
PT Sawit Sumbermas Sarana Tbk. | - | IDX:SSMS |
Vinh Hoan Corporation | - | HOSE:VHC |
Thanh Thanh Cong - Bien Hoa Joint Stock Company | - | HOSE:SBT |
PT Japfa Comfeed Indonesia Tbk | - | IDX:JPFA |
PT Ultrajaya Milk Industry & Trading Company Tbk | - | IDX:ULTJ |
Hoang Anh Gia Lai Joint Stock Company | - | HOSE:HAG |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
SSMS | VHC | SBT | JPFA | ULTJ | HAG | |||
IDX:SSMS | HOSE:VHC | HOSE:SBT | IDX:JPFA | IDX:ULTJ | HOSE:HAG | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 134.0% | 1.8% | 18.1% | 11.3% | 1.9% | 54.1% | ||
3Y CAGR | -18.5% | 4.4% | 4.8% | 14.3% | -3.7% | 70.9% | ||
Latest Twelve Months | 60.0% | 33.4% | 60.3% | 224.7% | -2.8% | -39.1% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 14.5% | 11.6% | 3.5% | 3.6% | 15.9% | -12.0% | ||
Prior Fiscal Year | 4.8% | 9.2% | 1.6% | 1.8% | 14.1% | 25.8% | ||
Latest Fiscal Year | 7.8% | 9.8% | 2.1% | 5.4% | 12.8% | 17.5% | ||
Latest Twelve Months | 7.8% | 9.8% | 2.3% | 5.4% | 12.8% | 17.5% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 9.8x | 6.5x | 8.8x | 5.4x | 7.6x | 9.4x | ||
Price / LTM Sales | 1.5x | 0.9x | 0.4x | 0.4x | 1.6x | 2.2x | ||
LTM P/E Ratio | 19.8x | 9.2x | 18.7x | 7.7x | 12.7x | 12.7x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 7.7x | 12.7x | 19.8x | |||||
Historical LTM P/E Ratio | -2.3x | 12.7x | 95.4x | |||||
Selected P/E Multiple | 12.6x | 13.3x | 14.0x | |||||
(x) LTM Net Income | 1,013,433 | 1,013,433 | 1,013,433 | |||||
(=) Equity Value | 12,810,162 | 13,484,381 | 14,158,600 | |||||
(/) Shares Outstanding | 1,057.4 | 1,057.4 | 1,057.4 | |||||
Implied Value Range | 12,114.78 | 12,752.40 | 13,390.02 | |||||
FX Rate: VND/VND | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 12,114.78 | 12,752.40 | 13,390.02 | 12,150.00 | ||||
Upside / (Downside) | -0.3% | 5.0% | 10.2% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | SSMS | VHC | SBT | JPFA | ULTJ | HAG | |
Value of Common Equity | 16,287,750 | 11,177,767 | 13,032,721 | 23,255,340 | 14,557,445 | 12,847,401 | |
(/) Shares Outstanding | 9,525.0 | 224.5 | 814.5 | 11,627.7 | 10,398.2 | 1,057.4 | |
Implied Stock Price | 1,710.00 | 49,800.00 | 16,000.00 | 2,000.00 | 1,400.00 | 12,150.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 1,710.00 | 49,800.00 | 16,000.00 | 2,000.00 | 1,400.00 | 12,150.00 | |
Trading Currency | IDR | VND | VND | IDR | IDR | VND | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |