SAI GON THUONG TIN REAL ESTATE Financials Sai Gon Thuong Tin Real Estate
Equities
SCR
VN000000SCR6
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6,600 VND | -0.75% |
|
+3.61% | -10.81% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,476,326 | 2,157,863 | 3,337,506 | 7,821,707 | 2,176,140 | 2,927,897 |
| Enterprise Value (EV) 1 | 4,565,298 | 4,232,583 | 5,772,494 | 9,197,895 | 3,843,221 | 5,788,379 |
| P/E ratio | 11.4 x | 7.87 x | 17.7 x | 41.8 x | 43.4 x | 336 x |
| Yield | - | - | 11% | - | - | - |
| Capitalization / Revenue | 0.85 x | 2.09 x | 3.64 x | 4.65 x | 2.44 x | 7.89 x |
| EV / Revenue | 1.56 x | 4.11 x | 6.29 x | 5.46 x | 4.3 x | 15.6 x |
| EV / EBITDA | 14.1 x | 17.4 x | -13 x | 59.5 x | 36.2 x | 194 x |
| EV / FCF | -5.46 x | -15.6 x | -18.7 x | 9.5 x | 391 x | -2.88 x |
| FCF Yield | -18.3% | -6.41% | -5.35% | 10.5% | 0.26% | -34.7% |
| Price to Book | 0.59 x | 0.48 x | 0.72 x | 1.62 x | 0.45 x | 0.6 x |
| Nbr of stocks (in thousands) | 395,669 | 395,669 | 395,665 | 395,665 | 395,662 | 395,662 |
| Reference price 2 | 6,259 | 5,454 | 8,435 | 19,769 | 5,500 | 7,400 |
| Announcement Date | 4/1/19 | 3/31/20 | 4/1/21 | 4/1/22 | 3/31/23 | 4/1/24 |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,928,671 | 1,030,491 | 918,155 | 1,683,184 | 893,255 | 371,202 |
| EBITDA 1 | 324,442 | 243,445 | -443,063 | 154,489 | 106,283 | 29,894 |
| EBIT 1 | 303,393 | 208,741 | -486,003 | 108,776 | 58,407 | -23,706 |
| Operating Margin | 10.36% | 20.26% | -52.93% | 6.46% | 6.54% | -6.39% |
| Earnings before Tax (EBT) 1 | 321,622 | 329,919 | 204,548 | 242,037 | 78,921 | 16,362 |
| Net income 1 | 214,579 | 274,252 | 188,691 | 187,140 | 50,165 | 8,719 |
| Net margin | 7.33% | 26.61% | 20.55% | 11.12% | 5.62% | 2.35% |
| EPS 2 | 550.4 | 693.1 | 476.9 | 473.0 | 126.8 | 22.00 |
| Free Cash Flow 1 | -836,895 | -271,146 | -308,887 | 968,389 | 9,828 | -2,007,915 |
| FCF margin | -28.58% | -26.31% | -33.64% | 57.53% | 1.1% | -540.92% |
| FCF Conversion (EBITDA) | - | - | - | 626.83% | 9.25% | - |
| FCF Conversion (Net income) | - | - | - | 517.47% | 19.59% | - |
| Dividend per Share | - | - | 925.9 | - | - | - |
| Announcement Date | 4/1/19 | 3/31/20 | 4/1/21 | 4/1/22 | 3/31/23 | 4/1/24 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,088,973 | 2,074,719 | 2,434,989 | 1,376,188 | 1,667,081 | 2,860,482 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.439 x | 8.522 x | -5.496 x | 8.908 x | 15.69 x | 95.69 x |
| Free Cash Flow 1 | -836,895 | -271,146 | -308,887 | 968,389 | 9,828 | -2,007,915 |
| ROE (net income / shareholders' equity) | 5.52% | 6.04% | 4.04% | 3.91% | 1.11% | 0.3% |
| ROA (Net income/ Total Assets) | 1.86% | 1.2% | -2.72% | 0.64% | 0.37% | -0.15% |
| Assets 1 | 11,540,225 | 22,875,336 | -6,925,972 | 29,195,060 | 13,391,688 | -5,979,902 |
| Book Value Per Share 2 | 10,644 | 11,388 | 11,786 | 12,215 | 12,290 | 12,327 |
| Cash Flow per Share 2 | 400.0 | 211.0 | 527.0 | 103.0 | 308.0 | 290.0 |
| Capex 1 | 57,202 | 40,829 | 98,936 | 4,727 | 319,047 | 2,017 |
| Capex / Sales | 1.95% | 3.96% | 10.78% | 0.28% | 35.72% | 0.54% |
| Announcement Date | 4/1/19 | 3/31/20 | 4/1/21 | 4/1/22 | 3/31/23 | 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. | |
|---|---|---|
| -10.81% | 103M | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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