Financials Sea & Air Freight International

Equities

SFI

VN000000SFI8

Air Freight & Logistics

End-of-day quote Ho Chi Minh S.E. 03:30:00 14/06/2024 am IST 5-day change 1st Jan Change
34,300 VND -4.99% Intraday chart for Sea & Air Freight International -2.56% +8.37%

Valuation

Fiscal Period: December 2017 2018 2021 2022
Capitalization 1 3,48,104 3,32,056 9,99,844 7,29,943
Enterprise Value (EV) 1 2,20,023 2,31,254 7,04,043 4,74,695
P/E ratio 8.55 x 6.1 x 5.69 x 3.28 x
Yield 5.08% - - 24.2%
Capitalization / Revenue 0.49 x 0.38 x 0.54 x 0.42 x
EV / Revenue 0.31 x 0.27 x 0.38 x 0.28 x
EV / EBITDA 3.61 x 2.76 x 4.42 x 2.85 x
EV / FCF -4.18 x 7.17 x - 13 x
FCF Yield -23.9% 13.9% - 7.68%
Price to Book 1 x 0.83 x 1.6 x 0.95 x
Nbr of stocks (in thousands) 20,355 21,373 21,035 22,086
Reference price 2 17,101 15,536 47,533 33,050
Announcement Date 25/08/18 25/04/19 31/03/23 31/03/23
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2021 2022
Net sales 1 7,16,293 8,69,055 18,51,649 17,24,364
EBITDA 1 60,993 83,799 1,59,342 1,66,401
EBIT 1 43,982 63,016 1,38,140 1,42,915
Operating Margin 6.14% 7.25% 7.46% 8.29%
Earnings before Tax (EBT) 1 51,756 68,170 2,16,083 2,67,319
Net income 1 38,957 51,936 1,73,068 2,12,057
Net margin 5.44% 5.98% 9.35% 12.3%
EPS 2 1,999 2,548 8,347 10,081
Free Cash Flow 1 -52,662 32,238 - 36,475
FCF margin -7.35% 3.71% - 2.12%
FCF Conversion (EBITDA) - 38.47% - 21.92%
FCF Conversion (Net income) - 62.07% - 17.2%
Dividend per Share 2 869.6 - - 8,000
Announcement Date 25/08/18 25/04/19 31/03/23 31/03/23
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2021 2022
Net Debt 1 - - - -
Net Cash position 1 1,28,081 1,00,802 2,95,801 2,55,248
Leverage (Debt/EBITDA) - - - -
Free Cash Flow 1 -52,662 32,238 - 36,475
ROE (net income / shareholders' equity) 11.8% 14.2% - 30.7%
ROA (Net income/ Total Assets) 4.97% 6.16% - 9.26%
Assets 1 7,84,577 8,42,478 - 22,91,074
Book Value Per Share 2 17,180 18,743 29,724 34,852
Cash Flow per Share 2 6,205 4,655 11,168 6,876
Capex 1 27,527 36,967 19,392 21,506
Capex / Sales 3.84% 4.25% 1.05% 1.25%
Announcement Date 25/08/18 25/04/19 31/03/23 31/03/23
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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