Financials KinhBac City Development Holding Corporation

Equities

KBC

VN000000KBC7

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
31,400 VND -0.32% Intraday chart for KinhBac City Development Holding Corporation +1.78% -1.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,257,795 11,462,149 34,641,419 18,576,035 24,371,451 24,102,789 - -
Enterprise Value (EV) 1 8,530,276 16,177,235 39,133,301 18,576,035 24,371,451 24,102,789 24,102,789 24,102,789
P/E ratio 8.49 x 55.6 x 38.3 x 12 x 12.2 x 12.5 x 8.57 x 6.18 x
Yield 6.47% - - - - - 3.18% 3.18%
Capitalization / Revenue 2.23 x 5.32 x 8.04 x 19.4 x 4.32 x 3.56 x 2.58 x 2.07 x
EV / Revenue 2.23 x 5.32 x 8.04 x 19.4 x 4.32 x 3.56 x 2.58 x 2.07 x
EV / EBITDA 4.51 x 26.5 x 14.8 x 10.5 x 8.13 x 8.18 x 5.86 x 3.71 x
EV / FCF 5,738,542 x -3,666,701 x -23,524,597 x - - - - -
FCF Yield 0% -0% -0% - - - - -
Price to Book 0.77 x 1.18 x 2.49 x 1.15 x 1.34 x 1.16 x 1.02 x -
Nbr of stocks (in thousands) 626,347 626,347 759,680 767,605 767,605 767,605 - -
Reference price 2 11,588 18,300 45,600 24,200 31,750 31,400 31,400 31,400
Announcement Date 1/30/20 1/30/21 1/29/22 1/30/23 1/30/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,249,677 2,154,247 4,308,617 957,337 5,644,663 6,764,600 9,326,333 11,654,000
EBITDA 1 1,610,002 432,668 2,336,318 1,776,177 2,996,629 2,945,000 4,114,000 6,490,000
EBIT 1 1,415,558 429,990 1,485,841 1,708,414 2,861,165 2,476,000 3,602,000 5,775,000
Operating Margin 43.56% 19.96% 34.49% 178.45% 50.69% 36.6% 38.62% 49.55%
Earnings before Tax (EBT) 1 1,388,992 430,089 1,364,655 1,718,873 2,865,234 2,437,000 3,859,667 5,385,000
Net income 1 855,046 297,387 783,709 1,547,311 1,995,556 1,978,200 2,812,000 3,902,000
Net margin 26.31% 13.8% 18.19% 161.63% 35.35% 29.24% 30.15% 33.48%
EPS 2 1,365 329.2 1,191 2,019 2,600 2,512 3,663 5,083
Free Cash Flow 1,264,746 -3,126,013 -1,472,562 - - - - -
FCF margin 38.92% -145.11% -34.18% - - - - -
FCF Conversion (EBITDA) 78.56% - - - - - - -
FCF Conversion (Net income) 147.92% - - - - - - -
Dividend per Share 2 750.0 - - - - - 1,000 1,000
Announcement Date 1/30/20 1/30/21 1/29/22 1/30/23 1/30/24 - - -
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1,272,482 4,715,086 4,491,882 - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 0.7904 x 10.9 x 1.923 x - - - - -
Free Cash Flow 1,264,746 -3,126,013 -1,472,562 - - - - -
ROE (net income / shareholders' equity) 9.26% 2.34% 6.63% 10.2% 11.7% 8.6% 12.6% 16.5%
ROA (Net income/ Total Assets) 5.11% 1.48% 2.88% 4.69% 5.84% 4.97% 7.2% 9.2%
Assets 1 16,732,800 20,110,012 27,243,326 32,967,031 34,163,462 39,829,503 39,055,556 42,413,043
Book Value Per Share 2 15,039 15,487 18,285 20,956 23,633 27,176 30,740 -
Cash Flow per Share - - -1,873 - - - - -
Capex 1 137,968 212,808 240,288 171,330 1,319,049 210,000 264,000 307,000
Capex / Sales 4.25% 9.88% 5.58% 17.9% 23.37% 3.1% 2.83% 2.63%
Announcement Date 1/30/20 1/30/21 1/29/22 1/30/23 1/30/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
31,400 VND
Average target price
38,643 VND
Spread / Average Target
+23.07%
Consensus

Annual profits - Rate of surprise

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