Financials Gia Lai Electricity

Equities

GEG

VN000000GEG0

Independent Power Producers

End-of-day quote Ho Chi Minh S.E. 03:30:00 20/05/2024 am IST 5-day change 1st Jan Change
13,350 VND +1.91% Intraday chart for Gia Lai Electricity +3.49% +3.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 55,05,075 53,69,269 71,22,129 51,50,990 43,85,055 45,55,680
Enterprise Value (EV) 1 55,05,075 53,69,269 71,22,129 51,50,990 43,85,055 45,55,680
P/E ratio - - 25.3 x 17.2 x - -
Yield - - 1.54% - - -
Capitalization / Revenue 4.75 x 3.59 x 5.16 x 2.46 x 2.03 x 1.9 x
EV / Revenue 4.75 x 3.59 x 5.16 x 2.46 x 2.03 x 1.9 x
EV / EBITDA - 82,05,346 x 66,67,917 x 34,28,536 x - -
EV / FCF - - -22,10,281 x -12,65,117 x - -
FCF Yield - - -0% -0% - -
Price to Book 2.37 x 1.75 x 1.91 x 1.2 x 1.01 x -
Nbr of stocks (in thousands) 2,57,317 3,16,880 3,41,255 3,41,253 3,41,249 3,41,249
Reference price 2 21,394 16,944 20,870 15,094 12,850 13,350
Announcement Date 30/01/20 01/02/21 28/01/22 30/01/23 30/01/24 -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net sales 1 11,58,297 14,94,523 13,81,119 20,93,233 21,63,456 24,01,000
EBITDA - 6,54,362 10,68,119 15,02,388 - -
EBIT 1 3,08,865 3,04,339 6,51,243 8,50,679 9,61,463 11,39,000
Operating Margin 26.67% 20.36% 47.15% 40.64% 44.44% 47.44%
Earnings before Tax (EBT) 1 - - 3,68,716 4,06,766 1,95,014 5,11,000
Net income 1 - - 2,82,832 3,15,693 1,37,244 4,05,000
Net margin - - 20.48% 15.08% 6.34% 16.87%
EPS - - 825.0 876.4 - -
Free Cash Flow - - -32,22,273 -40,71,553 - -
FCF margin - - -233.31% -194.51% - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - 321.5 - - -
Announcement Date 30/01/20 01/02/21 28/01/22 30/01/23 30/01/24 -
1VND in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2022 Q3
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 1,71,585 1,25,506
Net margin - -
EPS 2 507.5 359.4
Dividend per Share - -
Announcement Date 01/08/22 27/10/22
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - -32,22,273 -40,71,553 - -
ROE (net income / shareholders' equity) 11.3% 9.59% 8.79% 8.25% 3.18% 7.39%
ROA (Net income/ Total Assets) 4.56% 3.56% 2.79% 2.13% 0.83% 2.77%
Assets 1 - - 1,01,22,818 1,47,95,586 1,66,25,521 1,46,20,939
Book Value Per Share 9,030 9,683 10,953 12,535 12,747 -
Cash Flow per Share - - - - - -
Capex - 7,61,941 39,16,316 38,80,179 - -
Capex / Sales - 50.98% 283.56% 185.37% - -
Announcement Date 30/01/20 01/02/21 28/01/22 30/01/23 30/01/24 -
1VND in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
13,350 VND
Average target price
17,050 VND
Spread / Average Target
+27.72%
Consensus

Annual profits - Rate of surprise

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