Financials Sea & Air Freight International

Equities

SFI

VN000000SFI8

Air Freight & Logistics

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-05-22 pm EDT 5-day change 1st Jan Change
33,000 VND -1.35% Intraday chart for Sea & Air Freight International -2.94% +4.27%

Valuation

Fiscal Period: December 2017 2018 2021 2022
Capitalization 1 348,104 332,056 999,844 729,943
Enterprise Value (EV) 1 220,023 231,254 704,043 474,695
P/E ratio 8.55 x 6.1 x 5.69 x 3.28 x
Yield 5.08% - - 24.2%
Capitalization / Revenue 0.49 x 0.38 x 0.54 x 0.42 x
EV / Revenue 0.31 x 0.27 x 0.38 x 0.28 x
EV / EBITDA 3.61 x 2.76 x 4.42 x 2.85 x
EV / FCF -4.18 x 7.17 x - 13 x
FCF Yield -23.9% 13.9% - 7.68%
Price to Book 1 x 0.83 x 1.6 x 0.95 x
Nbr of stocks (in thousands) 20,355 21,373 21,035 22,086
Reference price 2 17,101 15,536 47,533 33,050
Announcement Date 8/25/18 4/25/19 3/31/23 3/31/23
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2021 2022
Net sales 1 716,293 869,055 1,851,649 1,724,364
EBITDA 1 60,993 83,799 159,342 166,401
EBIT 1 43,982 63,016 138,140 142,915
Operating Margin 6.14% 7.25% 7.46% 8.29%
Earnings before Tax (EBT) 1 51,756 68,170 216,083 267,319
Net income 1 38,957 51,936 173,068 212,057
Net margin 5.44% 5.98% 9.35% 12.3%
EPS 2 1,999 2,548 8,347 10,081
Free Cash Flow 1 -52,662 32,238 - 36,475
FCF margin -7.35% 3.71% - 2.12%
FCF Conversion (EBITDA) - 38.47% - 21.92%
FCF Conversion (Net income) - 62.07% - 17.2%
Dividend per Share 2 869.6 - - 8,000
Announcement Date 8/25/18 4/25/19 3/31/23 3/31/23
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2021 2022
Net Debt 1 - - - -
Net Cash position 1 128,081 100,802 295,801 255,248
Leverage (Debt/EBITDA) - - - -
Free Cash Flow 1 -52,662 32,238 - 36,475
ROE (net income / shareholders' equity) 11.8% 14.2% - 30.7%
ROA (Net income/ Total Assets) 4.97% 6.16% - 9.26%
Assets 1 784,577 842,478 - 2,291,074
Book Value Per Share 2 17,180 18,743 29,724 34,852
Cash Flow per Share 2 6,205 4,655 11,168 6,876
Capex 1 27,527 36,967 19,392 21,506
Capex / Sales 3.84% 4.25% 1.05% 1.25%
Announcement Date 8/25/18 4/25/19 3/31/23 3/31/23
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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