Financials Investment and Trading of Real Estate

Equities

ITC

VN000000ITC3

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. 03:30:00 10/05/2024 am IST 5-day change 1st Jan Change
10,050 VND -1.47% Intraday chart for Investment and Trading of Real Estate +1.21% -6.94%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,23,756 11,66,988 12,16,363 20,39,779 6,63,566 10,36,099
Enterprise Value (EV) 1 15,76,073 19,42,710 20,01,958 26,87,218 12,27,610 14,53,701
P/E ratio 10.1 x 10 x 8.6 x 15.9 x 4.38 x 13.3 x
Yield 4.17% 2.94% - - - -
Capitalization / Revenue 1.33 x 2.59 x 1.32 x 2.84 x 0.81 x 1.96 x
EV / Revenue 2.54 x 4.31 x 2.17 x 3.74 x 1.5 x 2.75 x
EV / EBITDA 20.1 x 15.9 x 7.37 x 11.6 x 3.84 x 7.05 x
EV / FCF -5.07 x 1.11 x 6.66 x 79.7 x 15.9 x 19.4 x
FCF Yield -19.7% 90.5% 15% 1.26% 6.3% 5.15%
Price to Book 0.52 x 0.7 x 0.68 x 1.06 x 0.32 x 0.48 x
Nbr of stocks (in thousands) 95,937 95,937 95,883 95,887 95,891 95,935
Reference price 2 8,586 12,164 12,686 21,273 6,920 10,800
Announcement Date 28/03/19 15/04/20 31/03/21 01/04/22 31/03/23 01/04/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,21,621 4,51,076 9,21,533 7,18,039 8,15,913 5,29,016
EBITDA 1 78,235 1,21,905 2,71,757 2,32,087 3,19,607 2,06,339
EBIT 1 72,801 1,16,506 2,43,219 1,89,203 2,59,669 1,60,367
Operating Margin 11.71% 25.83% 26.39% 26.35% 31.83% 30.31%
Earnings before Tax (EBT) 1 84,772 1,17,899 1,79,747 1,76,187 2,10,136 1,24,773
Net income 1 81,718 1,16,722 1,41,458 1,36,068 1,51,585 78,013
Net margin 13.15% 25.88% 15.35% 18.95% 18.58% 14.75%
EPS 2 851.5 1,216 1,475 1,341 1,580 813.0
Free Cash Flow 1 -3,10,804 17,57,395 3,00,800 33,737 77,401 74,834
FCF margin -50% 389.6% 32.64% 4.7% 9.49% 14.15%
FCF Conversion (EBITDA) - 1,441.61% 110.69% 14.54% 24.22% 36.27%
FCF Conversion (Net income) - 1,505.62% 212.64% 24.79% 51.06% 95.92%
Dividend per Share 2 357.8 357.8 - - - -
Announcement Date 28/03/19 15/04/20 31/03/21 01/04/22 31/03/23 01/04/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 7,52,317 7,75,722 7,85,595 6,47,440 5,64,045 4,17,602
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.616 x 6.363 x 2.891 x 2.79 x 1.765 x 2.024 x
Free Cash Flow 1 -3,10,804 17,57,395 3,00,800 33,737 77,401 74,834
ROE (net income / shareholders' equity) 5.2% 6.68% 7.25% 6.9% 7.25% 3.89%
ROA (Net income/ Total Assets) 1.3% 1.91% 3.56% 2.73% 3.87% 2.41%
Assets 1 63,09,807 61,15,604 39,72,856 49,89,277 39,13,689 32,40,030
Book Value Per Share 2 16,489 17,255 18,694 20,003 21,534 22,292
Cash Flow per Share 2 812.0 528.0 445.0 679.0 1,155 1,553
Capex 1 177 4,295 70,880 67,404 1,12,791 14,848
Capex / Sales 0.03% 0.95% 7.69% 9.39% 13.82% 2.81%
Announcement Date 28/03/19 15/04/20 31/03/21 01/04/22 31/03/23 01/04/24
1VND in Million2VND
Estimates
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