FPT DIGITAL RETAIL |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 170,600 VND | +0.06% |
|
+6.09% | +59.44% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,662,567 | 2,527,417 | 7,913,976 | 8,174,605 | 23,297,449 | - | - |
| Enterprise Value (EV) 1 | 1,662,567 | 2,527,417 | 7,913,976 | 11,673,380 | 28,602,449 | 27,871,449 | 27,870,449 |
| P/E ratio | 8.06 x | 120 x | 17.8 x | 20.9 x | 157 x | 45.5 x | 24.4 x |
| Yield | 4.75% | 3.13% | 0.5% | - | - | 0.58% | 0.73% |
| Capitalization / Revenue | 0.1 x | 0.17 x | 0.35 x | 0.27 x | 0.58 x | 0.48 x | 0.42 x |
| EV / Revenue | 0.1 x | 0.17 x | 0.35 x | 0.39 x | 0.71 x | 0.58 x | 0.5 x |
| EV / EBITDA | 4.02 x | 32.1 x | 15.9 x | 20.7 x | 40.7 x | 26.6 x | 19 x |
| EV / FCF | -14.8 x | - | - | -5.76 x | -101 x | 38.9 x | 24.6 x |
| FCF Yield | -6.74% | - | - | -17.4% | -0.99% | 2.57% | 4.07% |
| Price to Book | 1.3 x | - | 4.76 x | - | 14.5 x | 10.7 x | - |
| Nbr of stocks (in thousands) | 136,244 | 136,244 | 136,244 | 136,243 | 136,242 | - | - |
| Reference price 2 | 12,203 | 18,551 | 58,087 | 60,000 | 171,000 | 171,000 | 171,000 |
| Announcement Date | 5/7/20 | 4/20/21 | 2/7/22 | 2/9/23 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,633,960 | 14,661,417 | 22,619,505 | 30,165,801 | 40,176,000 | 48,373,750 | 55,958,667 |
| EBITDA 1 | 414,023 | 78,754 | 498,671 | 564,265 | 702,000 | 1,046,667 | 1,469,000 |
| EBIT 1 | 342,737 | 77,382 | 494,860 | 556,541 | 532,000 | 951,667 | 1,387,500 |
| Operating Margin | 2.06% | 0.53% | 2.19% | 1.84% | 1.32% | 1.97% | 2.48% |
| Earnings before Tax (EBT) 1 | 278,003 | 28,427 | 554,140 | 485,623 | 338,333 | 818,000 | 1,544,000 |
| Net income 1 | 213,015 | 24,719 | 443,732 | 390,361 | 310,333 | 721,667 | 1,303,500 |
| Net margin | 1.28% | 0.17% | 1.96% | 1.29% | 0.77% | 1.49% | 2.33% |
| EPS 2 | 1,514 | 154.2 | 3,257 | 2,865 | 1,090 | 3,760 | 7,007 |
| Free Cash Flow 1 | -112,013 | - | - | -2,025,860 | -283,000 | 716,000 | 1,135,000 |
| FCF margin | -0.67% | - | - | -6.72% | -0.7% | 1.48% | 2.03% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 68.41% | 77.26% |
| FCF Conversion (Net income) | - | - | - | - | - | 99.21% | 87.07% |
| Dividend per Share 2 | 579.7 | 579.7 | 289.9 | - | - | 1,000 | 1,250 |
| Announcement Date | 5/7/20 | 4/20/21 | 2/7/22 | 2/9/23 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q1 | 2023 Q2 |
|---|---|---|
| Net sales 1 | 7,752,868 | 7,199,810 |
| EBITDA | - | - |
| EBIT 1 | - | -135,440 |
| Operating Margin | - | -1.88% |
| Earnings before Tax (EBT) | - | - |
| Net income 1 | -5,074 | -218,606 |
| Net margin | -0.07% | -3.04% |
| EPS | - | - |
| Dividend per Share | - | - |
| Announcement Date | 4/28/23 | 7/28/23 |
1VND in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 3,498,775 | 5,305,000 | 4,574,000 | 4,573,000 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 6.201 x | 7.557 x | 4.37 x | 3.113 x |
| Free Cash Flow 1 | -112,013 | - | - | -2,025,860 | -283,000 | 716,000 | 1,135,000 |
| ROE (net income / shareholders' equity) | 17.7% | 1.99% | 30.9% | 21.3% | 11.4% | 22.2% | 27.8% |
| ROA (Net income/ Total Assets) | 3.62% | 0.41% | 5.5% | 3.67% | 1.33% | 3.45% | 5.6% |
| Assets 1 | 5,880,669 | 5,990,644 | 8,064,192 | 10,625,244 | 23,275,058 | 20,917,874 | 23,276,786 |
| Book Value Per Share 2 | 9,380 | - | 12,200 | - | 11,771 | 15,911 | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 3,816 | 3,429 | 2,179 | 93,116 | 303,667 | 299,667 | 280,333 |
| Capex / Sales | 0.02% | 0.02% | 0.01% | 0.31% | 0.76% | 0.62% | 0.5% |
| Announcement Date | 5/7/20 | 4/20/21 | 2/7/22 | 2/9/23 | - | - | - |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
170,600
VND
Average target price
158,892
VND
Spread / Average Target
-6.86%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +59.44% | 914M | |
| +10.97% | 18.81B | |
| +10.35% | 4.27B | |
| +49.53% | 3.68B | |
| +1.67% | 1.92B | |
| +31.18% | 1.71B | |
| +15.62% | 1.69B | |
| +45.90% | 1.39B | |
| +57.23% | 1.13B | |
| +0.34% | 1.09B |
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