SON HA SAI GON |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,620 VND | +0.65% |
|
+1.09% | -0.65% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 156,926 | 138,641 | 139,839 | 294,331 | 130,442 | 155,527 |
| Enterprise Value (EV) 1 | 469,311 | 460,866 | 428,511 | 691,632 | 573,114 | 647,356 |
| P/E ratio | 4.38 x | 4.14 x | 5.3 x | 16.5 x | 7.04 x | 12.6 x |
| Yield | 8.79% | 6.56% | - | 5.68% | - | - |
| Capitalization / Revenue | 0.2 x | 0.16 x | 0.15 x | 0.32 x | 0.12 x | 0.14 x |
| EV / Revenue | 0.59 x | 0.53 x | 0.46 x | 0.75 x | 0.52 x | 0.6 x |
| EV / EBITDA | 6.74 x | 6.56 x | 6.56 x | 12.4 x | 8.81 x | 8.99 x |
| EV / FCF | -8.28 x | -41.9 x | 32.6 x | -6.58 x | -16.5 x | -9.82 x |
| FCF Yield | -12.1% | -2.39% | 3.06% | -15.2% | -6.05% | -10.2% |
| Price to Book | 0.45 x | 0.38 x | 0.37 x | 0.74 x | 0.33 x | 0.38 x |
| Nbr of stocks (in thousands) | 33,447 | 33,447 | 33,447 | 33,447 | 33,447 | 33,447 |
| Reference price 2 | 4,692 | 4,145 | 4,181 | 8,800 | 3,900 | 4,650 |
| Announcement Date | 3/29/19 | 3/31/20 | 3/30/21 | 3/31/22 | 3/30/23 | 4/1/24 |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 800,609 | 864,034 | 934,301 | 927,622 | 1,100,873 | 1,083,615 |
| EBITDA 1 | 69,601 | 70,286 | 65,367 | 55,713 | 65,059 | 72,001 |
| EBIT 1 | 56,670 | 56,630 | 52,301 | 38,263 | 45,094 | 53,189 |
| Operating Margin | 7.08% | 6.55% | 5.6% | 4.12% | 4.1% | 4.91% |
| Earnings before Tax (EBT) 1 | 40,403 | 35,786 | 28,461 | 19,972 | 20,145 | 15,653 |
| Net income 1 | 35,805 | 30,855 | 25,188 | 17,856 | 17,676 | 12,387 |
| Net margin | 4.47% | 3.57% | 2.7% | 1.92% | 1.61% | 1.14% |
| EPS 2 | 1,070 | 1,000 | 788.6 | 533.2 | 554.2 | 370.0 |
| Free Cash Flow 1 | -56,682 | -11,011 | 13,130 | -105,154 | -34,689 | -65,928 |
| FCF margin | -7.08% | -1.27% | 1.41% | -11.34% | -3.15% | -6.08% |
| FCF Conversion (EBITDA) | - | - | 20.09% | - | - | - |
| FCF Conversion (Net income) | - | - | 52.13% | - | - | - |
| Dividend per Share 2 | 412.3 | 272.1 | - | 500.0 | - | - |
| Announcement Date | 3/29/19 | 3/31/20 | 3/30/21 | 3/31/22 | 3/30/23 | 4/1/24 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 312,386 | 322,225 | 288,672 | 397,301 | 442,672 | 491,829 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.488 x | 4.584 x | 4.416 x | 7.131 x | 6.804 x | 6.831 x |
| Free Cash Flow 1 | -56,682 | -11,011 | 13,130 | -105,154 | -34,689 | -65,928 |
| ROE (net income / shareholders' equity) | 10.3% | 8.59% | 6.71% | 4.56% | 4.41% | 3.04% |
| ROA (Net income/ Total Assets) | 5.02% | 4.59% | 3.85% | 2.61% | 2.87% | 3.27% |
| Assets 1 | 713,920 | 672,422 | 654,168 | 684,202 | 615,540 | 378,736 |
| Book Value Per Share 2 | 10,495 | 10,986 | 11,450 | 11,968 | 11,988 | 12,350 |
| Cash Flow per Share 2 | 891.0 | 1,861 | 3,660 | 1,351 | 1,302 | 1,189 |
| Capex 1 | 11,947 | 15,184 | 27,316 | 40,352 | 18,774 | 8,909 |
| Capex / Sales | 1.49% | 1.76% | 2.92% | 4.35% | 1.71% | 0.82% |
| Announcement Date | 3/29/19 | 3/31/20 | 3/30/21 | 3/31/22 | 3/30/23 | 4/1/24 |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -0.65% | 6.07M | |
| +13.94% | 85.98B | |
| +18.32% | 70.07B | |
| +19.80% | 37.38B | |
| +25.32% | 34.75B | |
| +10.85% | 27.97B | |
| +4.79% | 27.16B | |
| +4.77% | 26.77B | |
| +19.69% | 25.3B | |
| +15.10% | 25.19B |
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