Financials Saigon General Service Corporation

Equities

SVC

VN000000SVC8

Auto Vehicles, Parts & Service Retailers

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
25,700 VND -0.77% Intraday chart for Saigon General Service Corporation -3.75% -12.73%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,073,947 1,073,947 2,297,271 3,516,529 3,810,668 1,961,961
Enterprise Value (EV) 1 2,398,520 2,638,925 3,096,452 4,543,906 5,424,123 4,070,739
P/E ratio 6.69 x 7.77 x 15.4 x 27.4 x 11.7 x 68.6 x
Yield 3.49% 2.33% 1.45% 0.95% 0.87% 1.7%
Capitalization / Revenue 0.07 x 0.06 x 0.14 x 0.25 x 0.18 x 0.09 x
EV / Revenue 0.16 x 0.14 x 0.19 x 0.32 x 0.25 x 0.2 x
EV / EBITDA 6.96 x 10.1 x 13.7 x 16.8 x 8.83 x 13 x
EV / FCF -5.41 x -7.81 x 4.17 x -19 x -7.56 x -3.9 x
FCF Yield -18.5% -12.8% 24% -5.27% -13.2% -25.6%
Price to Book 1.02 x 0.93 x 1.82 x 2.59 x 2.31 x 1.19 x
Nbr of stocks (in thousands) 66,601 66,601 66,588 66,601 66,620 66,620
Reference price 2 16,125 16,125 34,500 52,800 57,200 29,450
Announcement Date 3/13/19 3/30/20 4/1/21 3/23/22 2/10/23 3/11/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 14,871,655 18,266,306 16,083,883 14,188,872 21,310,499 20,836,911
EBITDA 1 344,386 260,008 226,125 269,720 614,228 313,295
EBIT 1 271,344 170,503 138,171 178,012 502,635 169,663
Operating Margin 1.82% 0.93% 0.86% 1.25% 2.36% 0.81%
Earnings before Tax (EBT) 1 362,312 274,785 258,429 251,410 692,347 48,873
Net income 1 173,003 153,667 153,738 145,623 332,715 28,618
Net margin 1.16% 0.84% 0.96% 1.03% 1.56% 0.14%
EPS 2 2,410 2,076 2,245 1,927 4,892 429.6
Free Cash Flow 1 -443,263 -337,861 743,312 -239,587 -717,647 -1,043,373
FCF margin -2.98% -1.85% 4.62% -1.69% -3.37% -5.01%
FCF Conversion (EBITDA) - - 328.72% - - -
FCF Conversion (Net income) - - 483.49% - - -
Dividend per Share 2 562.5 375.0 500.0 500.0 500.0 500.0
Announcement Date 3/13/19 3/30/20 4/1/21 3/23/22 2/10/23 3/11/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,324,573 1,564,978 799,182 1,027,377 1,613,456 2,108,778
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.846 x 6.019 x 3.534 x 3.809 x 2.627 x 6.731 x
Free Cash Flow 1 -443,263 -337,861 743,312 -239,587 -717,647 -1,043,373
ROE (net income / shareholders' equity) 21.4% 14.7% 13.3% 11.7% 27.1% 1.82%
ROA (Net income/ Total Assets) 4.25% 2.35% 1.92% 2.56% 5.94% 1.59%
Assets 1 4,066,638 6,549,613 8,001,333 5,686,837 5,600,406 1,797,483
Book Value Per Share 2 15,828 17,341 18,945 20,376 24,791 24,821
Cash Flow per Share 2 4,025 4,936 8,083 4,234 7,867 6,648
Capex 1 173,194 171,221 89,999 91,887 257,999 269,175
Capex / Sales 1.16% 0.94% 0.56% 0.65% 1.21% 1.29%
Announcement Date 3/13/19 3/30/20 4/1/21 3/23/22 2/10/23 3/11/24
1VND in Million2VND
Estimates
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