Financials Lix Detergent

Equities

LIX

VN000000LIX6

Household Products

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
68,900 VND +2.23% Intraday chart for Lix Detergent +3.92% +33.79%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,555,200 1,393,200 1,749,600 1,629,720 1,330,020 1,668,600
Enterprise Value (EV) 1 1,525,545 1,320,359 1,790,586 1,543,743 1,191,150 1,453,995
P/E ratio 11.7 x 8.67 x 8.46 x 10.8 x 6.94 x 9.78 x
Yield 6.25% 8.14% 7.41% - 8.53% -
Capitalization / Revenue 0.67 x 0.55 x 0.6 x 0.62 x 0.47 x 0.6 x
EV / Revenue 0.66 x 0.52 x 0.62 x 0.59 x 0.42 x 0.52 x
EV / EBITDA 7.01 x 5.17 x 5.29 x 5.89 x 4.17 x 4.83 x
EV / FCF 23.3 x 14.3 x -151 x 10.3 x 10.8 x 8.51 x
FCF Yield 4.28% 7.02% -0.66% 9.73% 9.22% 11.8%
Price to Book 3.29 x 2.51 x 2.74 x 2.18 x 1.57 x 1.89 x
Nbr of stocks (in thousands) 32,400 32,400 32,400 32,400 32,400 32,400
Reference price 2 48,000 43,000 54,000 50,300 41,050 51,500
Announcement Date 2/22/19 3/2/20 2/22/21 3/1/22 2/24/23 2/28/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,308,931 2,526,485 2,902,193 2,613,003 2,815,142 2,800,559
EBITDA 1 217,591 255,229 338,237 262,193 285,330 300,768
EBIT 1 186,043 220,315 294,754 210,850 234,031 243,900
Operating Margin 8.06% 8.72% 10.16% 8.07% 8.31% 8.71%
Earnings before Tax (EBT) 1 187,046 224,804 292,401 211,022 262,787 246,043
Net income 1 147,603 178,796 230,108 167,366 213,200 190,041
Net margin 6.39% 7.08% 7.93% 6.41% 7.57% 6.79%
EPS 2 4,096 4,957 6,381 4,640 5,913 5,268
Free Cash Flow 1 65,336 92,653 -11,873 150,275 109,785 170,894
FCF margin 2.83% 3.67% -0.41% 5.75% 3.9% 6.1%
FCF Conversion (EBITDA) 30.03% 36.3% - 57.31% 38.48% 56.82%
FCF Conversion (Net income) 44.26% 51.82% - 89.79% 51.49% 89.92%
Dividend per Share 2 3,000 3,500 4,000 - 3,500 -
Announcement Date 2/22/19 3/2/20 2/22/21 3/1/22 2/24/23 2/28/24
1VND in Million2VND
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 52,992
Net margin -
EPS 2 1,497
Dividend per Share -
Announcement Date 10/18/22
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 40,986 - - -
Net Cash position 1 29,655 72,841 - 85,977 138,870 214,605
Leverage (Debt/EBITDA) - - 0.1212 x - - -
Free Cash Flow 1 65,336 92,653 -11,873 150,275 109,785 170,894
ROE (net income / shareholders' equity) 31.2% 34.8% 38.6% 24.1% 26.7% 22.2%
ROA (Net income/ Total Assets) 14.9% 16.4% 19.2% 12.1% 12.2% 12%
Assets 1 988,174 1,088,720 1,195,610 1,387,710 1,749,002 1,582,291
Book Value Per Share 2 14,577 17,136 19,676 23,120 26,177 27,233
Cash Flow per Share 2 2,613 3,945 432.0 4,350 5,983 8,321
Capex 1 39,660 48,758 116,576 54,158 41,805 66,511
Capex / Sales 1.72% 1.93% 4.02% 2.07% 1.49% 2.37%
Announcement Date 2/22/19 3/2/20 2/22/21 3/1/22 2/24/23 2/28/24
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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