Financials Vietnam Construction and Import-ExportCorporation

Equities

VCG

VN000000VCG3

Construction & Engineering

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
22,150 VND +2.07% Intraday chart for Vietnam Construction and Import-ExportCorporation +5.48% -10.32%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 24,891,619 8,381,428 13,201,298 11,838,411 - -
Enterprise Value (EV) 1 24,891,619 8,381,428 13,201,298 11,838,411 11,838,411 11,838,411
P/E ratio 52.9 x - - - - -
Yield - - - - - -
Capitalization / Revenue - 0.99 x 1.04 x 0.95 x 0.85 x 0.78 x
EV / Revenue - 0.99 x 1.04 x 0.95 x 0.85 x 0.78 x
EV / EBITDA - 6.99 x 16.1 x 9.24 x 65.8 x 28.9 x
EV / FCF - -2,634,903 x - - - -
FCF Yield - -0% - - - -
Price to Book - - - 1.57 x 1.54 x 1.59 x
Nbr of stocks (in thousands) 582,570 534,468 534,466 534,466 - -
Reference price 2 42,727 15,682 24,700 22,150 22,150 22,150
Announcement Date 1/28/22 1/31/23 1/31/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - 8,452,855 12,704,846 12,417,000 13,882,000 15,102,000
EBITDA 1 - 1,199,824 818,561 1,281,000 180,000 410,000
EBIT 1 - 924,082 475,352 289,000 183,000 164,000
Operating Margin - 10.93% 3.74% 2.33% 1.32% 1.09%
Earnings before Tax (EBT) - - - - - -
Net income 405,832 - - - - -
Net margin - - - - - -
EPS 808.3 - - - - -
Free Cash Flow - -3,180,924 - - - -
FCF margin - -37.63% - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 1/28/22 1/31/23 1/31/24 - - -
1VND in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - -3,180,924 - - - -
ROE (net income / shareholders' equity) - 11.6% 5.36% 2.2% 1.4% 1.2%
ROA (Net income/ Total Assets) - 2.48% 1.22% 0.7% 0.4% 0.4%
Assets - - - - - -
Book Value Per Share 1 - - - 14,134 14,343 13,901
Cash Flow per Share - -3,306 5,636 - 145.0 81.00
Capex 2 - 1,544,074 483,609 450,000 550,000 550,000
Capex / Sales - 18.27% 3.81% 3.62% 3.96% 3.64%
Announcement Date 1/28/22 1/31/23 1/31/24 - - -
1VND2VND in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
22,150 VND
Average target price
24,000 VND
Spread / Average Target
+8.35%
Consensus

Annual profits - Rate of surprise

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