VINACAPITAL VIETNAM OPPORTUNITY FUND LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 473 GBX | 0.00% |
|
+1.50% | +3.73% |
| Apr. 19 | Peel Hunt starts NatWest and Barclays at 'buy' | AN |
| Mar. 26 | VinaCapital reports optimistic outlook as net asset value ticks up | AN |
Valuation
| Fiscal Period: Juni | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 835.5 | 800.1 | 717.8 | 1,121 | 945.2 | 871.5 |
| Enterprise Value (EV) 1 | -246.8 | -199 | -160.1 | -308.1 | -276.4 | -275.1 |
| P/E ratio | 5.58 x | -223 x | -14.7 x | 2.11 x | -7.89 x | -58.6 x |
| Yield | 2.55% | 2.54% | 2.7% | 2.1% | 2.77% | 2.43% |
| Capitalization / Revenue | 4.28 x | 80.3 x | -18.8 x | 1.8 x | -8.67 x | 172 x |
| EV / Revenue | -1.26 x | -20 x | 4.19 x | -0.49 x | 2.53 x | -54.1 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | -2.65 x | 47.3 x | 3.49 x | -0.86 x | 3.91 x | 25.6 x |
| FCF Yield | -37.8% | 2.12% | 28.6% | -116% | 25.6% | 3.91% |
| Price to Book | 0.8 x | 0.82 x | 0.82 x | 0.82 x | 0.8 x | 0.78 x |
| Nbr of stocks (in thousands) | 194,058 | 184,809 | 176,128 | 168,418 | 163,480 | 160,048 |
| Reference price 2 | 4.306 | 4.329 | 4.075 | 6.658 | 5.782 | 5.445 |
| Announcement Date | 10/24/18 | 10/24/19 | 10/27/20 | 10/26/21 | 10/25/22 | 10/23/23 |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juni | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 195.4 | 9.96 | -38.26 | 623.8 | -109 | 5.08 |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | 154.1 | -1.436 | -50.09 | 540.8 | -114.5 | -12.6 |
| Operating Margin | 78.85% | -14.42% | 130.92% | 86.69% | 104.98% | -247.93% |
| Earnings before Tax (EBT) 1 | 152.7 | -3.644 | -50.46 | 540.8 | -121.4 | -15.02 |
| Net income 1 | 152.7 | -3.644 | -50.46 | 540.8 | -121.4 | -15.02 |
| Net margin | 78.18% | -36.59% | 131.89% | 86.69% | 111.38% | -295.65% |
| EPS 2 | 0.7721 | -0.0194 | -0.2774 | 3.153 | -0.7330 | -0.0929 |
| Free Cash Flow 1 | 93.27 | -4.208 | -45.86 | 356.9 | -70.78 | -10.75 |
| FCF margin | 47.74% | -42.25% | 119.87% | 57.21% | 64.91% | -211.58% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | 61.06% | - | - | 65.99% | - | - |
| Dividend per Share 2 | 0.1100 | 0.1100 | 0.1100 | 0.1400 | 0.1600 | 0.1325 |
| Announcement Date | 10/24/18 | 10/24/19 | 10/27/20 | 10/26/21 | 10/25/22 | 10/23/23 |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 1,082 | 999 | 878 | 1,429 | 1,222 | 1,147 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 93.3 | -4.21 | -45.9 | 357 | -70.8 | -10.7 |
| ROE (net income / shareholders' equity) | 15.3% | -0.36% | -5.44% | 48.4% | -9.56% | -1.3% |
| ROA (Net income/ Total Assets) | 9.33% | -0.09% | -3.34% | 29.3% | -5.4% | -0.66% |
| Assets 1 | 1,638 | 4,227 | 1,513 | 1,846 | 2,251 | 2,270 |
| Book Value Per Share 2 | 5.380 | 5.300 | 4.970 | 8.070 | 7.220 | 7.020 |
| Cash Flow per Share 2 | 0.0800 | 0.0900 | 0.0400 | 0.4500 | 0.1000 | 0.1200 |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 10/24/18 | 10/24/19 | 10/27/20 | 10/26/21 | 10/25/22 | 10/23/23 |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
4.73
GBP
Average target price
5.5
GBP
Spread / Average Target
+16.28%
| 1st Jan change | Capi. | |
|---|---|---|
| +3.73% | 901M | |
| +3.74% | 12.61B | |
| +5.50% | 9.01B | |
| -3.20% | 5.41B | |
| +2.44% | 5.25B | |
| +5.63% | 5.19B | |
| +14.36% | 4.48B | |
| +16.67% | 4.44B | |
| +1.53% | 4B | |
| +1.56% | 3.75B |
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