Financials Ho Chi Minh City Securities Corporation

Equities

HCM

VN000000HCM0

Investment Banking & Brokerage Services

End-of-day quote Ho Chi Minh S.E. 03:30:00 17/05/2024 am IST 5-day change 1st Jan Change
29,500 VND +0.68% Intraday chart for Ho Chi Minh City Securities Corporation +4.24% -0.80%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 60,69,613 65,22,770 95,78,314 2,07,64,905 91,44,239 1,56,36,649
Enterprise Value (EV) 1 68,04,573 67,23,321 1,30,26,800 2,62,34,599 90,17,151 1,97,50,192
P/E ratio 8.99 x 13.4 x 18.1 x 12.3 x 10.7 x 23.2 x
Yield 8.89% 5.62% 3.82% 1.65% 3.75% -
Capitalization / Revenue 2.88 x 4.86 x 4.84 x 5.77 x 2.98 x 6.63 x
EV / Revenue 3.23 x 5.01 x 6.58 x 7.28 x 2.94 x 8.37 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.98 x 1.52 x 2.16 x 2.84 x 1.16 x 1.88 x
Nbr of stocks (in thousands) 2,48,312 3,51,344 3,50,798 5,24,827 5,25,794 5,25,794
Reference price 2 24,443 18,565 27,304 39,565 17,391 29,739
Announcement Date 29/03/19 30/03/20 22/03/21 24/03/22 24/03/23 25/03/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 21,07,227 13,41,997 19,80,533 36,01,590 30,69,172 23,58,306
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 8,42,186 5,31,406 6,60,305 14,30,335 10,67,806 8,42,231
Net income 1 6,75,480 4,32,565 5,30,452 11,47,062 8,52,488 6,74,359
Net margin 32.06% 32.23% 26.78% 31.85% 27.78% 28.6%
EPS 2 2,720 1,388 1,511 3,204 1,621 1,283
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 2,174 1,043 1,043 652.2 652.2 -
Announcement Date 29/03/19 30/03/20 22/03/21 24/03/22 24/03/23 25/03/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 7,34,960 2,00,551 34,48,486 54,69,695 - 41,13,544
Net Cash position 1 - - - - 1,27,088 -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 23.1% 11.7% 12.1% 19.5% 11.2% 8.32%
ROA (Net income/ Total Assets) 11.3% 6.79% 5.31% 6.22% 4.28% 4.04%
Assets 1 59,68,457 63,72,494 99,88,922 1,84,29,073 1,99,08,173 1,66,78,840
Book Value Per Share 2 12,325 12,251 12,658 13,932 15,009 15,809
Cash Flow per Share 2 473.0 2,580 590.0 13,691 10,728 5,372
Capex 1 27,293 28,335 23,145 25,488 35,722 27,795
Capex / Sales 1.3% 2.11% 1.17% 0.71% 1.16% 1.18%
Announcement Date 29/03/19 30/03/20 22/03/21 24/03/22 24/03/23 25/03/24
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
29,500 VND
Average target price
29,396 VND
Spread / Average Target
-0.35%
Consensus

Annual profits - Rate of surprise

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