PETROLIMEX GAS CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14,400 VND | +0.70% |
|
+2.49% | -2.37% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 874,920 | 899,055 | 1,206,786 | 1,436,075 | 1,025,768 | 890,004 |
| Enterprise Value (EV) 1 | 895,315 | 788,973 | 1,098,702 | 1,246,993 | 730,132 | 779,061 |
| P/E ratio | 5.92 x | 6.7 x | 11.6 x | 14.1 x | 10.2 x | 11.9 x |
| Yield | - | 13.4% | 7% | 5.88% | 8.82% | - |
| Capitalization / Revenue | 0.27 x | 0.28 x | 0.43 x | 0.43 x | 0.26 x | 0.25 x |
| EV / Revenue | 0.27 x | 0.25 x | 0.39 x | 0.37 x | 0.18 x | 0.22 x |
| EV / EBITDA | 3.72 x | 3.31 x | 5.77 x | 7.01 x | 4.05 x | 4.95 x |
| EV / FCF | 36.2 x | 4.19 x | 7.82 x | 21.8 x | 2.79 x | -4.16 x |
| FCF Yield | 2.76% | 23.9% | 12.8% | 4.58% | 35.9% | -24.1% |
| Price to Book | 1.04 x | 1.05 x | 1.58 x | 1.68 x | 1.28 x | 1.04 x |
| Nbr of stocks (in thousands) | 60,339 | 60,339 | 60,339 | 60,339 | 60,339 | 60,339 |
| Reference price 2 | 14,500 | 14,900 | 20,000 | 23,800 | 17,000 | 14,750 |
| Announcement Date | 3/27/19 | 3/27/20 | 3/31/21 | 4/1/22 | 4/23/23 | 4/1/24 |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,261,120 | 3,169,732 | 2,824,679 | 3,362,912 | 4,014,358 | 3,543,966 |
| EBITDA 1 | 240,891 | 238,110 | 190,485 | 177,992 | 180,218 | 157,523 |
| EBIT 1 | 180,748 | 183,000 | 137,525 | 129,472 | 135,404 | 115,863 |
| Operating Margin | 5.54% | 5.77% | 4.87% | 3.85% | 3.37% | 3.27% |
| Earnings before Tax (EBT) 1 | 192,327 | 194,584 | 156,764 | 160,019 | 160,212 | 135,606 |
| Net income 1 | 147,667 | 147,721 | 117,472 | 120,033 | 121,350 | 95,301 |
| Net margin | 4.53% | 4.66% | 4.16% | 3.57% | 3.02% | 2.69% |
| EPS 2 | 2,447 | 2,222 | 1,719 | 1,683 | 1,669 | 1,235 |
| Free Cash Flow 1 | 24,731 | 188,490 | 140,574 | 57,100 | 261,816 | -187,373 |
| FCF margin | 0.76% | 5.95% | 4.98% | 1.7% | 6.52% | -5.29% |
| FCF Conversion (EBITDA) | 10.27% | 79.16% | 73.8% | 32.08% | 145.28% | - |
| FCF Conversion (Net income) | 16.75% | 127.6% | 119.67% | 47.57% | 215.75% | - |
| Dividend per Share | - | 2,000 | 1,400 | 1,400 | 1,500 | - |
| Announcement Date | 3/27/19 | 3/27/20 | 3/31/21 | 4/1/22 | 4/23/23 | 4/1/24 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 20,395 | - | - | - | - | - |
| Net Cash position 1 | - | 110,083 | 108,084 | 189,082 | 295,636 | 110,943 |
| Leverage (Debt/EBITDA) | 0.0847 x | - | - | - | - | - |
| Free Cash Flow 1 | 24,731 | 188,490 | 140,574 | 57,100 | 261,816 | -187,373 |
| ROE (net income / shareholders' equity) | 18.6% | 18% | 15.2% | 15.2% | 15.1% | 12.2% |
| ROA (Net income/ Total Assets) | 5.25% | 5.73% | 4.41% | 3.73% | 3.42% | 2.86% |
| Assets 1 | 2,814,843 | 2,575,862 | 2,661,468 | 3,214,254 | 3,548,464 | 3,327,996 |
| Book Value Per Share 2 | 13,932 | 14,178 | 12,697 | 14,167 | 13,236 | 14,171 |
| Cash Flow per Share 2 | 896.0 | 703.0 | 888.0 | 976.0 | 848.0 | 1,149 |
| Capex 1 | 30,658 | 21,021 | 40,031 | 31,962 | 46,128 | 34,803 |
| Capex / Sales | 0.94% | 0.66% | 1.42% | 0.95% | 1.15% | 0.98% |
| Announcement Date | 3/27/19 | 3/27/20 | 3/31/21 | 4/1/22 | 4/23/23 | 4/1/24 |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -2.37% | 34.3M | |
| +13.24% | 221B | |
| +14.43% | 103B | |
| +33.72% | 71.49B | |
| +13.72% | 64.2B | |
| +27.54% | 54.22B | |
| +27.93% | 37.8B | |
| +36.81% | 28.33B | |
| -11.77% | 20.79B | |
| +9.89% | 19.12B |
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