PHUONG NAM EDUCATION INVESTMENT AND DEVELOPMENT Financials Phuong Nam Education Investment and Development
Equities
SED
VN000000SED2
Consumer Publishing
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20,000 VND | -2.91% |
|
-8.26% | +5.26% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 172,000 | 159,000 | 154,839 | 211,397 | 165,965 | 176,164 |
| Enterprise Value (EV) 1 | 163,615 | 188,940 | 141,318 | 239,377 | 145,544 | 168,142 |
| P/E ratio | 5.46 x | 5.07 x | 5.05 x | 6.66 x | 5.27 x | 5.15 x |
| Yield | - | - | 8.38% | 6.58% | 8.38% | - |
| Capitalization / Revenue | 0.31 x | 0.26 x | 0.26 x | 0.31 x | 0.18 x | 0.17 x |
| EV / Revenue | 0.3 x | 0.31 x | 0.23 x | 0.35 x | 0.16 x | 0.16 x |
| EV / EBITDA | 3.16 x | 3.39 x | 2.63 x | 4.2 x | 2.43 x | 2.51 x |
| EV / FCF | 12 x | -13.8 x | 3.28 x | -7.51 x | 2.41 x | 125 x |
| FCF Yield | 8.35% | -7.25% | 30.5% | -13.3% | 41.5% | 0.8% |
| Price to Book | 0.78 x | 0.72 x | 0.64 x | 0.82 x | 0.6 x | 0.59 x |
| Nbr of stocks (in thousands) | 10,000 | 10,000 | 9,272 | 9,272 | 9,272 | 9,272 |
| Reference price 2 | 17,200 | 15,900 | 16,700 | 22,800 | 17,900 | 19,000 |
| Announcement Date | 3/13/19 | 3/16/20 | 3/26/21 | 3/22/22 | 3/22/23 | 3/21/24 |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 553,968 | 601,767 | 604,135 | 685,345 | 907,369 | 1,041,164 |
| EBITDA 1 | 51,756 | 55,800 | 53,720 | 56,959 | 59,789 | 66,905 |
| EBIT 1 | 49,496 | 54,597 | 52,318 | 54,141 | 55,440 | 61,288 |
| Operating Margin | 8.93% | 9.07% | 8.66% | 7.9% | 6.11% | 5.89% |
| Earnings before Tax (EBT) 1 | 47,731 | 49,271 | 49,563 | 50,322 | 51,578 | 57,506 |
| Net income 1 | 37,065 | 37,815 | 37,670 | 38,255 | 37,912 | 41,197 |
| Net margin | 6.69% | 6.28% | 6.24% | 5.58% | 4.18% | 3.96% |
| EPS 2 | 3,151 | 3,139 | 3,308 | 3,425 | 3,394 | 3,688 |
| Free Cash Flow 1 | 13,660 | -13,689 | 43,122 | -31,861 | 60,380 | 1,347 |
| FCF margin | 2.47% | -2.27% | 7.14% | -4.65% | 6.65% | 0.13% |
| FCF Conversion (EBITDA) | 26.39% | - | 80.27% | - | 100.99% | 2.01% |
| FCF Conversion (Net income) | 36.85% | - | 114.47% | - | 159.26% | 3.27% |
| Dividend per Share | - | - | 1,400 | 1,500 | 1,500 | - |
| Announcement Date | 3/13/19 | 3/16/20 | 3/26/21 | 3/22/22 | 3/22/23 | 3/21/24 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 29,940 | - | 27,980 | - | - |
| Net Cash position 1 | 8,385 | - | 13,521 | - | 20,421 | 8,022 |
| Leverage (Debt/EBITDA) | - | 0.5366 x | - | 0.4912 x | - | - |
| Free Cash Flow 1 | 13,660 | -13,689 | 43,122 | -31,861 | 60,380 | 1,347 |
| ROE (net income / shareholders' equity) | 17.3% | 17.1% | 16.3% | 15.3% | 14.1% | 14.4% |
| ROA (Net income/ Total Assets) | 8.63% | 8.77% | 8.18% | 7.6% | 7.01% | 7.48% |
| Assets 1 | 429,443 | 431,352 | 460,335 | 503,397 | 540,701 | 551,003 |
| Book Value Per Share 2 | 22,143 | 22,082 | 25,943 | 27,968 | 29,862 | 32,050 |
| Cash Flow per Share 2 | 8,471 | 7,414 | 8,608 | 7,204 | 7,656 | 8,441 |
| Capex 1 | 1,045 | 31,836 | 38,056 | 4,214 | 14,557 | - |
| Capex / Sales | 0.19% | 5.29% | 6.3% | 0.61% | 1.6% | - |
| Announcement Date | 3/13/19 | 3/16/20 | 3/26/21 | 3/22/22 | 3/22/23 | 3/21/24 |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +5.26% | 7.29M | |
| +34.01% | 3.62B | |
| +17.91% | 2.91B | |
| +13.09% | 2.65B | |
| -13.30% | 2.33B | |
| -17.61% | 2.14B | |
| +4.75% | 1.97B | |
| -18.94% | 1.72B | |
| +7.50% | 1.48B | |
| -3.77% | 1.02B |
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