Financials FPT Securities

Equities

FTS

VN000000FTS5

Investment Banking & Brokerage Services

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
54,500 VND -0.73% Intraday chart for FPT Securities +9.00% +22.06%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,232,273 1,934,851 1,382,801 2,149,340 8,824,533 3,686,637
Enterprise Value (EV) 1 1,147,389 1,685,242 1,403,670 2,209,334 7,345,296 3,660,937
P/E ratio 6.88 x 3.95 x 6.45 x 12.6 x 10.4 x 10.9 x
Yield 4.03% 2.82% 4.35% 3.08% 0.84% 2.65%
Capitalization / Revenue 3.89 x 2.78 x 3.58 x 5.33 x 6.38 x 4.34 x
EV / Revenue 3.63 x 2.42 x 3.63 x 5.47 x 5.31 x 4.31 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.79 x 0.98 x 0.66 x 0.98 x 2.96 x 1.1 x
Nbr of stocks (in thousands) 192,057 192,055 192,053 192,052 194,789 214,566
Reference price 2 6,416 10,074 7,200 11,191 45,303 17,182
Announcement Date 6/15/18 5/6/19 6/11/20 5/10/21 4/20/22 4/13/23
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 316,419 695,119 386,645 403,535 1,383,479 850,241
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 217,888 542,952 255,223 220,604 981,382 441,530
Net income 1 179,218 489,980 214,296 170,549 845,975 318,225
Net margin 56.64% 70.49% 55.42% 42.26% 61.15% 37.43%
EPS 2 932.9 2,551 1,116 885.6 4,374 1,579
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 258.7 284.6 313.0 344.4 378.8 454.5
Announcement Date 6/15/18 5/6/19 6/11/20 5/10/21 4/20/22 4/13/23
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - 20,868 59,994 - -
Net Cash position 1 84,884 249,608 - - 1,479,237 25,700
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 12% 27.8% 10.5% 7.91% 32.6% 10.1%
ROA (Net income/ Total Assets) 10.9% 22.8% 8.53% 5.76% 13.2% 4.32%
Assets 1 1,645,141 2,149,092 2,512,701 2,959,691 6,425,843 7,372,131
Book Value Per Share 2 8,085 10,284 10,992 11,467 15,313 15,604
Cash Flow per Share 2 888.0 2,385 262.0 1,075 9,594 1,225
Capex 1 13,698 6,311 4,374 6,732 22,362 14,582
Capex / Sales 4.33% 0.91% 1.13% 1.67% 1.62% 1.72%
Announcement Date 6/15/18 5/6/19 6/11/20 5/10/21 4/20/22 4/13/23
1VND in Million2VND
Estimates
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