Financials Nam Kim Steel

Equities

NKG

VN000000NKG3

Iron & Steel

End-of-day quote Ho Chi Minh S.E. 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
21,900 VND -0.45% Intraday chart for Nam Kim Steel -4.16% -11.16%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 12,55,799 25,79,998 85,01,694 32,25,153 64,89,798 59,76,406
Enterprise Value (EV) 1 12,55,799 25,79,998 85,01,694 32,25,153 64,89,798 59,76,406
P/E ratio 26.5 x 8.97 x 3.8 x -25.8 x - 24.9 x
Yield - - 2.58% - - -
Capitalization / Revenue 0.1 x 0.22 x 0.3 x 0.14 x 0.35 x 0.29 x
EV / Revenue 0.1 x 0.22 x 0.3 x 0.14 x 0.35 x 0.29 x
EV / EBITDA 24,88,540 x 29,13,250 x 27,17,582 x 68,46,981 x 1,17,37,744 x -
EV / FCF 10,79,308 x -6,66,72,304 x -1,85,56,778 x -31,07,836 x 4,39,51,607 x -
FCF Yield 0% -0% -0% -0% 0% -
Price to Book - - 1.48 x 0.6 x 1.2 x -
Nbr of stocks (in thousands) 2,62,080 2,47,680 2,63,278 2,63,278 2,63,278 2,63,278
Reference price 2 4,792 10,417 32,292 12,250 24,650 22,700
Announcement Date 20/01/20 27/01/21 25/01/22 27/01/23 31/01/24 -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net sales 1 1,21,76,797 1,15,59,675 2,81,73,402 2,30,71,247 1,85,95,974 2,03,00,000
EBITDA 5,04,633 8,85,608 31,28,403 4,71,033 5,52,900 -
EBIT 62,824 5,09,353 27,49,185 93,253 3,72,849 -
Operating Margin 0.52% 4.41% 9.76% 0.4% 2% -
Earnings before Tax (EBT) 90,109 3,20,812 25,62,029 -1,06,913 1,77,311 -
Net income 1 47,334 2,95,397 22,25,261 -1,24,685 1,17,409 2,61,000
Net margin 0.39% 2.56% 7.9% -0.54% 0.63% 1.29%
EPS 2 180.6 1,161 8,491 -474.0 - 913.0
Free Cash Flow 11,63,523 -38,697 -4,58,145 -10,37,749 1,47,658 -
FCF margin 9.56% -0.33% -1.63% -4.5% 0.79% -
FCF Conversion (EBITDA) 230.57% - - - 26.71% -
FCF Conversion (Net income) 2,458.13% - - - 125.76% -
Dividend per Share - - 833.3 - - -
Announcement Date 20/01/20 27/01/21 25/01/22 27/01/23 31/01/24 -
1VND in Million2VND
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 S1 2022 Q3 2023 Q1 2023 Q2 2023 S2
Net sales 1 75,31,043 - 1,43,47,381 - - 54,99,967 87,21,279
EBITDA - - - - - - -
EBIT 1 - - - -4,28,516 - 2,42,004 -
Operating Margin - - - - - 4.4% -
Earnings before Tax (EBT) - - - - -49,484 - -
Net income 1 6,06,673 4,52,353 7,08,330 - -49,270 1,25,395 41,284
Net margin 8.06% - 4.94% - - 2.28% 0.47%
EPS - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 28/10/21 25/01/22 29/07/22 31/10/22 28/04/23 28/07/23 31/01/24
1VND in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 11,63,523 -38,697 -4,58,145 -10,37,749 1,47,658 -
ROE (net income / shareholders' equity) 1.58% 9.53% 50% -2.26% 2.19% -
ROA (Net income/ Total Assets) 0.59% 3.78% 19.2% -0.86% 0.91% -
Assets 1 79,68,639 78,14,741 1,15,71,820 1,44,29,445 1,28,47,966 -
Book Value Per Share - - 21,838 20,426 20,598 -
Cash Flow per Share - - - - - -
Capex 92,674 56,318 1,40,433 2,11,160 1,30,230 -
Capex / Sales 0.76% 0.49% 0.5% 0.92% 0.7% -
Announcement Date 20/01/20 27/01/21 25/01/22 27/01/23 31/01/24 -
1VND in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
22,700 VND
Average target price
18,000 VND
Spread / Average Target
-20.70%
Consensus

Quarterly revenue - Rate of surprise

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