SAIGON CARGO SERVICE CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 80,000 VND | -1.84% |
|
+3.23% | +11.27% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 60,43,890 | 64,95,456 | 81,19,320 | 70,40,939 | 67,85,863 | 75,90,959 | - | - |
| Enterprise Value (EV) 1 | 60,43,890 | 64,95,456 | 81,19,320 | 70,40,939 | 67,85,863 | 75,90,959 | 75,90,959 | 75,90,959 |
| P/E ratio | 12.9 x | 15 x | 15.3 x | 11.5 x | 15.5 x | 12 x | 10.5 x | 9.48 x |
| Yield | 6.67% | 6.25% | 3.13% | - | - | 6.25% | 5.83% | 6.25% |
| Capitalization / Revenue | 8.08 x | 9.37 x | 9.68 x | 8.27 x | 9.63 x | 7.82 x | 6.69 x | 5.62 x |
| EV / Revenue | 8.08 x | 9.37 x | 9.68 x | 8.27 x | 9.63 x | 7.82 x | 6.69 x | 5.62 x |
| EV / EBITDA | 11.2 x | 12.3 x | 12.9 x | 10.3 x | 12.9 x | 9.16 x | 7.88 x | 6.6 x |
| EV / FCF | 37.7 x | 13 x | 13.9 x | 12.8 x | - | 25.9 x | 11.3 x | 10.4 x |
| FCF Yield | 2.65% | 7.7% | 7.21% | 7.83% | - | 3.86% | 8.87% | 9.63% |
| Price to Book | - | 6.4 x | - | 4.91 x | 5.07 x | 4.2 x | 3.52 x | - |
| Nbr of stocks (in thousands) | 93,177 | 93,880 | 93,880 | 93,879 | 94,379 | 94,887 | - | - |
| Reference price 2 | 64,865 | 69,189 | 86,486 | 75,000 | 71,900 | 80,000 | 80,000 | 80,000 |
| Announcement Date | 18/01/20 | 20/01/21 | 19/01/22 | 18/01/23 | 20/01/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,47,976 | 6,92,853 | 8,39,106 | 8,51,018 | 7,04,825 | 9,70,333 | 11,34,500 | 13,51,000 |
| EBITDA 1 | 5,40,709 | 5,26,773 | 6,28,533 | 6,84,833 | 5,27,392 | 8,28,500 | 9,63,500 | 11,51,000 |
| EBIT 1 | 5,26,789 | 4,73,363 | 5,74,093 | 6,41,088 | 4,83,636 | 7,28,333 | 8,79,000 | 10,14,000 |
| Operating Margin | 70.43% | 68.32% | 68.42% | 75.33% | 68.62% | 75.06% | 77.48% | 75.06% |
| Earnings before Tax (EBT) 1 | 5,37,679 | 4,99,278 | 6,06,308 | 6,96,605 | 5,68,559 | 7,71,667 | 9,15,000 | 11,03,000 |
| Net income 1 | 5,02,589 | 4,64,337 | 5,64,644 | 6,46,149 | 4,98,307 | 6,86,667 | 7,74,000 | 8,82,000 |
| Net margin | 67.19% | 67.02% | 67.29% | 75.93% | 70.7% | 70.77% | 68.22% | 65.28% |
| EPS 2 | 5,030 | 4,600 | 5,635 | 6,505 | 4,638 | 6,671 | 7,596 | 8,437 |
| Free Cash Flow 1 | 1,60,438 | 5,00,227 | 5,85,458 | 5,51,281 | - | 2,93,000 | 6,73,000 | 7,31,000 |
| FCF margin | 21.45% | 72.2% | 69.77% | 64.78% | - | 30.2% | 59.32% | 54.11% |
| FCF Conversion (EBITDA) | 29.67% | 94.96% | 93.15% | 80.5% | - | 35.37% | 69.85% | 63.51% |
| FCF Conversion (Net income) | 31.92% | 107.73% | 103.69% | 85.32% | - | 42.67% | 86.95% | 82.88% |
| Dividend per Share 2 | 4,324 | 4,324 | 2,703 | - | - | 5,000 | 4,667 | 5,000 |
| Announcement Date | 18/01/20 | 20/01/21 | 19/01/22 | 18/01/23 | 20/01/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|
| Net sales 1 | 4,08,039 | 1,72,375 | 1,71,590 | 1,98,814 | 2,12,813 |
| EBITDA | - | - | - | - | - |
| EBIT 1 | - | 1,23,113 | 1,21,861 | - | 1,54,338 |
| Operating Margin | - | 71.42% | 71.02% | - | 72.52% |
| Earnings before Tax (EBT) 1 | 3,09,141 | 1,47,401 | 1,45,732 | - | 1,68,166 |
| Net income 1 | 2,87,739 | 1,29,125 | 1,27,608 | 1,28,379 | 1,47,285 |
| Net margin | 70.52% | 74.91% | 74.37% | 64.57% | 69.21% |
| EPS | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 20/07/21 | 20/07/23 | 19/10/23 | 20/01/24 | 17/04/24 |
1VND in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,60,438 | 5,00,227 | 5,85,458 | 5,51,281 | - | 2,93,000 | 6,73,000 | 7,31,000 |
| ROE (net income / shareholders' equity) | 53.2% | 46% | 49.8% | 48.2% | 35.9% | 46.1% | 43.8% | 45.3% |
| ROA (Net income/ Total Assets) | 49.2% | 42.8% | 45% | 43.5% | 30.6% | 40.2% | 39.6% | 41.2% |
| Assets 1 | 10,22,250 | 10,83,778 | 12,55,043 | 14,85,400 | 16,29,286 | 17,10,253 | 19,54,545 | 21,40,777 |
| Book Value Per Share 2 | - | 10,819 | - | 15,271 | 14,185 | 19,037 | 22,700 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 3,246 | 3,577 | 12,218 | 34,328 | - | 79,000 | - | - |
| Capex / Sales | 0.43% | 0.52% | 1.46% | 4.03% | - | 8.14% | - | - |
| Announcement Date | 18/01/20 | 20/01/21 | 19/01/22 | 18/01/23 | 20/01/24 | - | - | - |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
80,000
VND
Average target price
85,933
VND
Spread / Average Target
+7.42%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +11.27% | 300M | |
| +7.11% | 24.69B | |
| +3.02% | 5.37B | |
| -1.77% | 4.48B | |
| +5.47% | 4.26B | |
| +8.18% | 3.46B | |
| -9.81% | 3.31B | |
| 0.00% | 2.67B | |
| +13.27% | 2.25B | |
| +10.58% | 2.01B |
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- Financials Saigon Cargo Service Corporation
