Financials Rang Dong Light Source & Vacuum Flask

Equities

RAL

VN000000RAL5

Electrical Components & Equipment

End-of-day quote Ho Chi Minh S.E. 03:30:00 16/05/2024 am IST 5-day change 1st Jan Change
1,31,900 VND +0.30% Intraday chart for Rang Dong Light Source & Vacuum Flask -0.38% +22.02%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9,83,250 8,05,000 15,85,850 16,30,125 17,69,246 25,45,476
Enterprise Value (EV) 1 16,55,605 15,40,130 24,52,265 29,73,932 32,71,752 48,46,653
P/E ratio 4.81 x 6.43 x 4.95 x 4.05 x 3.02 x 4.3 x
Yield 5.85% 7.14% 3.63% 3.7% 6.49% 4.63%
Capitalization / Revenue 0.27 x 0.19 x 0.32 x 0.29 x 0.26 x 0.31 x
EV / Revenue 0.46 x 0.36 x 0.5 x 0.52 x 0.47 x 0.58 x
EV / EBITDA 4.55 x 3.02 x 4.29 x 4.65 x 4.21 x 6.03 x
EV / FCF -8.12 x 11.1 x -22.1 x -6.54 x -3.2 x -6.31 x
FCF Yield -12.3% 8.98% -4.52% -15.3% -31.3% -15.8%
Price to Book 1.2 x 0.96 x 1.47 x 1.19 x 0.67 x 0.86 x
Nbr of stocks (in thousands) 11,500 11,500 11,500 12,075 22,947 23,547
Reference price 2 85,500 70,000 1,37,900 1,35,000 77,100 1,08,100
Announcement Date 28/03/19 31/03/20 31/03/21 31/03/22 30/03/23 01/04/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 36,21,264 42,55,760 49,22,447 57,09,068 69,09,236 83,16,322
EBITDA 1 3,63,803 5,10,385 5,71,638 6,40,118 7,76,888 8,04,030
EBIT 1 2,96,542 4,27,092 4,86,950 5,51,098 6,90,919 7,20,286
Operating Margin 8.19% 10.04% 9.89% 9.65% 10% 8.66%
Earnings before Tax (EBT) 1 2,59,179 1,61,549 4,23,888 5,01,622 6,08,843 6,18,227
Net income 1 2,04,327 1,25,170 3,36,082 3,98,242 4,85,827 5,84,272
Net margin 5.64% 2.94% 6.83% 6.98% 7.03% 7.03%
EPS 2 17,768 10,884 27,833 33,369 25,564 25,124
Free Cash Flow 1 -2,03,941 1,38,274 -1,10,876 -4,55,015 -10,23,307 -7,67,797
FCF margin -5.63% 3.25% -2.25% -7.97% -14.81% -9.23%
FCF Conversion (EBITDA) - 27.09% - - - -
FCF Conversion (Net income) - 110.47% - - - -
Dividend per Share 2 5,000 5,000 5,000 5,000 5,000 5,000
Announcement Date 28/03/19 31/03/20 31/03/21 31/03/22 30/03/23 01/04/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 6,72,355 7,35,130 8,66,415 13,43,807 15,02,506 23,01,177
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.848 x 1.44 x 1.516 x 2.099 x 1.934 x 2.862 x
Free Cash Flow 1 -2,03,941 1,38,274 -1,10,876 -4,55,015 -10,23,307 -7,67,797
ROE (net income / shareholders' equity) 26.2% 15.1% 35.1% 32.5% 24.3% 20.9%
ROA (Net income/ Total Assets) 7.24% 9.28% 8.59% 7.31% 7.13% 6.22%
Assets 1 28,22,668 13,49,212 39,13,531 54,44,848 68,11,556 93,88,906
Book Value Per Share 2 71,480 72,567 93,853 1,13,382 1,14,248 1,26,310
Cash Flow per Share 2 50,069 57,162 85,162 78,686 34,687 34,078
Capex 1 1,74,290 80,540 88,435 2,16,020 1,13,172 1,05,750
Capex / Sales 4.81% 1.89% 1.8% 3.78% 1.64% 1.27%
Announcement Date 28/03/19 31/03/20 31/03/21 31/03/22 30/03/23 01/04/24
1VND in Million2VND
Estimates
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