SAIGON GROUND SERVICES |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 72,800 VND | -0.27% |
|
+0.41% | +0.41% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,995,581 | 2,984,490 | 2,364,118 | 2,377,532 | 2,102,556 | 2,431,185 |
| Enterprise Value (EV) 1 | 2,568,754 | 2,520,331 | 2,070,800 | 1,971,785 | 1,595,539 | 1,696,873 |
| P/E ratio | 11.6 x | 8.82 x | 26.8 x | 44.8 x | 15.8 x | 11.4 x |
| Yield | 2.4% | 4.49% | 3.55% | 3.53% | 3.99% | - |
| Capitalization / Revenue | 2.35 x | 1.88 x | 3.23 x | 4.87 x | 2.11 x | 1.67 x |
| EV / Revenue | 2.01 x | 1.59 x | 2.83 x | 4.04 x | 1.6 x | 1.17 x |
| EV / EBITDA | 5.76 x | 4.41 x | 9.01 x | 11 x | 5.67 x | 4.63 x |
| EV / FCF | 9.16 x | 38.1 x | -99.2 x | 9.38 x | 9.74 x | 6.63 x |
| FCF Yield | 10.9% | 2.63% | -1.01% | 10.7% | 10.3% | 15.1% |
| Price to Book | 4.75 x | 3.36 x | 2.85 x | 3.06 x | 2.57 x | 2.59 x |
| Nbr of stocks (in thousands) | 33,551 | 33,534 | 33,534 | 33,534 | 33,534 | 33,534 |
| Reference price 2 | 89,286 | 89,000 | 70,500 | 70,900 | 62,700 | 72,500 |
| Announcement Date | 3/20/19 | 3/6/20 | 3/24/21 | 3/15/22 | 3/15/23 | 3/15/24 |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,276,566 | 1,585,150 | 730,827 | 488,319 | 995,163 | 1,455,651 |
| EBITDA 1 | 446,045 | 571,700 | 229,845 | 178,847 | 281,283 | 366,709 |
| EBIT 1 | 377,192 | 483,198 | 105,360 | 56,943 | 173,121 | 279,140 |
| Operating Margin | 29.55% | 30.48% | 14.42% | 11.66% | 17.4% | 19.18% |
| Earnings before Tax (EBT) 1 | 367,315 | 473,797 | 109,317 | 58,532 | 172,361 | 295,078 |
| Net income 1 | 263,169 | 346,073 | 88,133 | 53,603 | 138,004 | 227,492 |
| Net margin | 20.62% | 21.83% | 12.06% | 10.98% | 13.87% | 15.63% |
| EPS 2 | 7,694 | 10,092 | 2,627 | 1,584 | 3,971 | 6,377 |
| Free Cash Flow 1 | 280,442 | 66,218 | -20,870 | 210,168 | 163,795 | 256,125 |
| FCF margin | 21.97% | 4.18% | -2.86% | 43.04% | 16.46% | 17.6% |
| FCF Conversion (EBITDA) | 62.87% | 11.58% | - | 117.51% | 58.23% | 69.84% |
| FCF Conversion (Net income) | 106.56% | 19.13% | - | 392.08% | 118.69% | 112.59% |
| Dividend per Share 2 | 2,143 | 4,000 | 2,500 | 2,500 | 2,500 | - |
| Announcement Date | 3/20/19 | 3/6/20 | 3/24/21 | 3/15/22 | 3/15/23 | 3/15/24 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 426,827 | 464,158 | 293,318 | 405,747 | 507,017 | 734,313 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 280,442 | 66,218 | -20,870 | 210,168 | 163,795 | 256,125 |
| ROE (net income / shareholders' equity) | 49.3% | 45.5% | 9.29% | 4.95% | 16.2% | 25.7% |
| ROA (Net income/ Total Assets) | 28.4% | 27.2% | 5.73% | 3.59% | 10.7% | 14.7% |
| Assets 1 | 927,543 | 1,270,999 | 1,538,451 | 1,494,214 | 1,285,106 | 1,542,413 |
| Book Value Per Share 2 | 18,813 | 26,466 | 24,727 | 23,135 | 24,440 | 27,983 |
| Cash Flow per Share 2 | 12,632 | 7,478 | 6,660 | 10,012 | 3,786 | 9,612 |
| Capex 1 | 68,785 | 243,179 | 111,084 | 373 | 11,678 | 73,901 |
| Capex / Sales | 5.39% | 15.34% | 15.2% | 0.08% | 1.17% | 5.08% |
| Announcement Date | 3/20/19 | 3/6/20 | 3/24/21 | 3/15/22 | 3/15/23 | 3/15/24 |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +0.41% | 96.6M | |
| +9.21% | 24.79B | |
| +5.39% | 5.44B | |
| -0.98% | 4.49B | |
| +5.45% | 4.3B | |
| +5.83% | 3.44B | |
| -10.14% | 3.33B | |
| -.--% | 2.67B | |
| +12.46% | 2.26B | |
| +8.71% | 1.99B |
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