Financials Tan Binh Import Export

Equities

TIX

VN000000TIX9

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-05-12 pm EDT 5-day change 1st Jan Change
34,500 VND 0.00% Intraday chart for Tan Binh Import Export 0.00% +2.99%

Valuation

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Capitalization 1 950,400 918,000 930,000 967,500 960,000 993,000
Enterprise Value (EV) 1 729,703 662,000 669,055 690,975 625,495 646,104
P/E ratio 12.6 x 9.46 x 12.2 x 9.7 x 10.3 x 11 x
Yield 6.94% 8.17% 8.06% 7.75% 7.81% 9.06%
Capitalization / Revenue 5.2 x 3.84 x 5.11 x 3.64 x 4.16 x 4.75 x
EV / Revenue 3.99 x 2.77 x 3.68 x 2.6 x 2.71 x 3.09 x
EV / EBITDA 7.59 x 4.6 x 6.11 x 4.31 x 4.4 x 5.01 x
EV / FCF -194 x 23.3 x 4.73 x 53.3 x 4.75 x 10.3 x
FCF Yield -0.52% 4.29% 21.1% 1.88% 21% 9.74%
Price to Book 1.42 x 1.17 x 1.2 x 1.17 x 1.14 x 1.18 x
Nbr of stocks (in thousands) 26,400 30,000 30,000 30,000 30,000 30,000
Reference price 2 36,000 30,600 31,000 32,250 32,000 33,100
Announcement Date 12/7/18 11/28/19 12/1/20 12/2/21 12/1/22 11/27/23
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net sales 1 182,656 239,313 181,990 265,447 230,646 209,234
EBITDA 1 96,090 144,001 109,503 160,504 142,192 129,002
EBIT 1 62,711 104,630 70,027 122,069 101,267 86,715
Operating Margin 34.33% 43.72% 38.48% 45.99% 43.91% 41.44%
Earnings before Tax (EBT) 1 107,969 132,597 106,232 145,889 136,861 129,548
Net income 1 86,687 107,390 87,388 117,547 110,969 105,439
Net margin 47.46% 44.87% 48.02% 44.28% 48.11% 50.39%
EPS 2 2,855 3,234 2,533 3,324 3,109 3,014
Free Cash Flow 1 -3,758 28,386 141,374 12,958 131,600 62,919
FCF margin -2.06% 11.86% 77.68% 4.88% 57.06% 30.07%
FCF Conversion (EBITDA) - 19.71% 129.11% 8.07% 92.55% 48.77%
FCF Conversion (Net income) - 26.43% 161.78% 11.02% 118.59% 59.67%
Dividend per Share 2 2,500 2,500 2,500 2,500 2,500 3,000
Announcement Date 12/7/18 11/28/19 12/1/20 12/2/21 12/1/22 11/27/23
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 220,697 256,000 260,945 276,525 334,505 346,896
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -3,758 28,386 141,374 12,958 131,600 62,919
ROE (net income / shareholders' equity) 12.9% 14.8% 11.2% 14.5% 13.3% 12.5%
ROA (Net income/ Total Assets) 3.83% 6.06% 3.83% 6.4% 5.24% 4.48%
Assets 1 2,263,481 1,771,533 2,279,244 1,836,620 2,119,146 2,354,659
Book Value Per Share 2 25,426 26,137 25,740 27,516 28,121 28,106
Cash Flow per Share 2 4,423 2,533 4,015 3,567 2,817 2,016
Capex 1 66,704 49,561 65,762 35,924 26,449 22,214
Capex / Sales 36.52% 20.71% 36.14% 13.53% 11.47% 10.62%
Announcement Date 12/7/18 11/28/19 12/1/20 12/2/21 12/1/22 11/27/23
1VND in Million2VND
Estimates
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