Financials Hoang Anh Gia Lai

Equities

HAG

VN000000HAG6

Fishing & Farming

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
12,400 VND -0.80% Intraday chart for Hoang Anh Gia Lai +2.90% -6.06%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,525,709 3,691,049 4,868,846 12,334,410 8,494,977 12,241,671
Enterprise Value (EV) 1 25,938,515 18,134,684 23,097,277 20,719,109 16,964,096 20,576,700
P/E ratio 38.5 x 17.1 x -3.88 x 60.8 x 7.53 x 7.36 x
Yield - - - - - -
Capitalization / Revenue 0.84 x 1.78 x 1.53 x 5.88 x 1.66 x 1.9 x
EV / Revenue 4.81 x 8.74 x 7.27 x 9.88 x 3.32 x 3.19 x
EV / EBITDA 11.2 x 40.8 x -22.2 x 14.6 x 6.5 x 14.1 x
EV / FCF -9.26 x -2.53 x -4.37 x -581 x 22.9 x -122 x
FCF Yield -10.8% -39.5% -22.9% -0.17% 4.37% -0.82%
Price to Book 0.34 x 0.29 x 0.96 x 2.75 x 1.7 x 1.93 x
Nbr of stocks (in thousands) 927,399 927,399 927,399 927,399 927,399 927,399
Reference price 2 4,880 3,980 5,250 13,300 9,160 13,200
Announcement Date 3/30/19 4/9/20 4/10/21 3/24/22 4/3/23 3/27/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,388,200 2,075,444 3,176,646 2,097,418 5,110,782 6,442,397
EBITDA 1 2,316,040 444,289 -1,038,816 1,420,780 2,608,898 1,462,301
EBIT 1 1,192,923 -753,674 -2,000,094 551,962 2,271,357 883,297
Operating Margin 22.14% -36.31% -62.96% 26.32% 44.44% 13.71%
Earnings before Tax (EBT) 1 47,697 -2,240,758 -2,351,460 -130,607 1,028,218 1,792,877
Net income 1 117,507 216,518 -1,255,661 203,030 1,128,745 1,663,971
Net margin 2.18% 10.43% -39.53% 9.68% 22.09% 25.83%
EPS 2 126.7 233.0 -1,354 218.9 1,217 1,794
Free Cash Flow 1 -2,800,141 -7,171,467 -5,289,549 -35,661 741,270 -169,295
FCF margin -51.97% -345.54% -166.51% -1.7% 14.5% -2.63%
FCF Conversion (EBITDA) - - - - 28.41% -
FCF Conversion (Net income) - - - - 65.67% -
Dividend per Share - - - - - -
Announcement Date 3/30/19 4/9/20 4/10/21 3/24/22 4/3/23 3/27/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 21,412,806 14,443,635 18,228,430 8,384,698 8,469,118 8,335,029
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.245 x 32.51 x -17.55 x 5.901 x 3.246 x 5.7 x
Free Cash Flow 1 -2,800,141 -7,171,467 -5,289,549 -35,661 741,270 -169,295
ROE (net income / shareholders' equity) 0.04% -10.8% -21.9% 1.74% 22.8% 30%
ROA (Net income/ Total Assets) 1.47% -1.09% -3.53% 1.24% 7.43% 2.71%
Assets 1 7,973,047 -19,937,174 35,580,214 16,393,231 15,201,958 61,340,028
Book Value Per Share 2 14,306 13,679 5,476 4,838 5,385 6,857
Cash Flow per Share 2 364.0 274.0 105.0 84.40 78.00 45.10
Capex 1 2,597,907 4,679,597 2,335,314 1,215,682 544,321 614,181
Capex / Sales 48.21% 225.47% 73.52% 57.96% 10.65% 9.53%
Announcement Date 3/30/19 4/9/20 4/10/21 3/24/22 4/3/23 3/27/24
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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