Financials Imexpharm Corporation

Equities

IMP

VN000000IMP0

Pharmaceuticals

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
64,500 VND -0.92% Intraday chart for Imexpharm Corporation -6.93% +13.96%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,370,593 3,753,609 5,187,048 4,013,628 3,962,167 4,515,300 - -
Enterprise Value (EV) 1 2,370,593 3,753,609 5,187,048 4,013,628 3,962,167 4,572,300 4,515,300 4,515,300
P/E ratio - 20.3 x 29.9 x 17.2 x 15.6 x 13.3 x - -
Yield 2.08% 2.66% 1.93% - - - - -
Capitalization / Revenue 1.69 x 2.74 x 4.1 x 2.44 x 1.99 x 2.06 x - -
EV / Revenue 1.69 x 2.74 x 4.1 x 2.44 x 1.99 x 2.09 x - -
EV / EBITDA 9,583,362 x 12,155,380 x 17,332,265 x - 8,669,024 x - - -
EV / FCF - - - 14.4 x - 18.1 x 14.5 x 13.1 x
FCF Yield - - - 6.96% - 5.51% 6.91% 7.62%
Price to Book 1.52 x 2.17 x 2.89 x 2.11 x 1.9 x - - -
Nbr of stocks (in thousands) 67,414 70,005 70,005 70,005 70,003 70,005 - -
Reference price 2 35,165 53,619 74,095 57,333 56,600 64,500 64,500 64,500
Announcement Date 1/20/20 1/19/21 1/20/22 1/17/23 1/19/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,402,454 1,369,422 1,266,597 1,643,707 1,994,037 2,190,000 - -
EBITDA 247,366 308,802 299,271 - 457,049 - - -
EBIT 1 184,427 252,540 234,475 300,992 374,407 449,000 497,000 546,000
Operating Margin 13.15% 18.44% 18.51% 18.31% 18.78% 20.5% - -
Earnings before Tax (EBT) 1 - 255,441 238,859 301,763 377,273 426,000 - -
Net income 1 - 209,697 189,095 233,964 299,556 339,500 - -
Net margin - 15.31% 14.93% 14.23% 15.02% 15.5% - -
EPS 2 - 2,641 2,476 3,329 3,637 4,863 - -
Free Cash Flow 1 - - - 279,250 - 252,000 312,000 344,000
FCF margin - - - 16.99% - 11.51% - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - 119.36% - 74.23% - -
Dividend per Share 732.6 1,429 1,429 - - - - -
Announcement Date 1/20/20 1/19/21 1/20/22 1/17/23 1/19/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2
Net sales 1 479,272 439,691
EBITDA - -
EBIT 1 - 99,157
Operating Margin - 22.55%
Earnings before Tax (EBT) 1 - 100,003
Net income 1 - 79,675
Net margin - 18.12%
EPS 978.1 -
Dividend per Share - -
Announcement Date 4/18/23 7/18/23
1VND in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 57,000 - -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - 279,250 - 252,000 312,000 344,000
ROE (net income / shareholders' equity) 10.6% 12.8% 9.32% 12.6% 15.1% 15.3% - -
ROA (Net income/ Total Assets) 8.97% 10.6% 8.61% 10.2% 12.8% 13.9% - -
Assets 1 - 1,971,818 2,195,579 2,291,096 2,334,809 2,442,446 - -
Book Value Per Share 23,124 24,719 25,633 27,210 29,778 - - -
Cash Flow per Share - - - - - - - -
Capex 1 133,036 89,685 52,857 99,353 - 72,000 79,000 87,000
Capex / Sales 9.49% 6.55% 4.17% 6.04% - 3.29% - -
Announcement Date 1/20/20 1/19/21 1/20/22 1/17/23 1/19/24 - - -
1VND in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
64,500 VND
Average target price
77,033 VND
Spread / Average Target
+19.43%
Consensus

Annual profits - Rate of surprise

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