Financials Son La Sugar

Equities

SLS

VN000000SLS5

Food Processing

End-of-day quote HANOI S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
1,91,400 VND +2.96% Intraday chart for Son La Sugar +4.08% +33.01%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 7,69,647 3,67,198 4,84,701 12,40,639 12,33,785 16,58,755
Enterprise Value (EV) 1 13,94,336 9,07,605 9,28,422 16,60,775 17,89,375 15,47,328
P/E ratio 5.81 x 5.81 x 4.06 x 7.57 x 6.58 x 3.17 x
Yield 3.82% 13.3% 14.1% 6.31% 7.94% 8.85%
Capitalization / Revenue 1.28 x 0.42 x 0.46 x 1.55 x 1.42 x 0.97 x
EV / Revenue 2.32 x 1.03 x 0.89 x 2.07 x 2.06 x 0.9 x
EV / EBITDA 8.09 x 6.25 x 4.7 x 7.01 x 6.99 x 2.68 x
EV / FCF -9.4 x 6.54 x 9.73 x 28.2 x -13.2 x 2.77 x
FCF Yield -10.6% 15.3% 10.3% 3.54% -7.55% 36.1%
Price to Book 1.61 x 0.73 x 0.85 x 1.89 x 1.62 x 1.4 x
Nbr of stocks (in thousands) 9,792 9,792 9,792 9,792 9,792 9,792
Reference price 2 78,600 37,500 49,500 1,26,700 1,26,000 1,69,400
Announcement Date 19/09/18 26/09/19 26/08/20 31/08/21 07/09/22 08/09/23
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 6,00,727 8,77,641 10,48,343 8,01,137 8,68,975 17,15,939
EBITDA 1 1,72,379 1,45,146 1,97,396 2,36,851 2,56,027 5,78,192
EBIT 1 1,33,411 99,322 1,47,253 1,83,219 2,02,824 5,23,289
Operating Margin 22.21% 11.32% 14.05% 22.87% 23.34% 30.5%
Earnings before Tax (EBT) 1 1,15,934 63,237 1,19,317 1,63,809 1,87,639 5,23,322
Net income 1 1,15,934 63,237 1,19,317 1,63,809 1,87,639 5,23,115
Net margin 19.3% 7.21% 11.38% 20.45% 21.59% 30.49%
EPS 2 13,531 6,458 12,185 16,729 19,163 53,423
Free Cash Flow 1 -1,48,387 1,38,819 95,383 58,843 -1,35,149 5,58,712
FCF margin -24.7% 15.82% 9.1% 7.34% -15.55% 32.56%
FCF Conversion (EBITDA) - 95.64% 48.32% 24.84% - 96.63%
FCF Conversion (Net income) - 219.52% 79.94% 35.92% - 106.8%
Dividend per Share 2 3,000 5,000 7,000 8,000 10,000 15,000
Announcement Date 19/09/18 26/09/19 26/08/20 31/08/21 07/09/22 08/09/23
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 6,24,689 5,40,407 4,43,721 4,20,136 5,55,590 -
Net Cash position 1 - - - - - 1,11,427
Leverage (Debt/EBITDA) 3.624 x 3.723 x 2.248 x 1.774 x 2.17 x -
Free Cash Flow 1 -1,48,387 1,38,819 95,383 58,843 -1,35,149 5,58,712
ROE (net income / shareholders' equity) 25.8% 12.9% 22.2% 26.7% 26.5% 53.9%
ROA (Net income/ Total Assets) 7.19% 4.59% 7.58% 9.87% 9.86% 24%
Assets 1 16,13,023 13,78,944 15,74,808 16,59,818 19,03,903 21,76,500
Book Value Per Share 2 48,835 51,476 58,335 67,074 77,623 1,20,573
Cash Flow per Share 2 71.20 377.0 477.0 458.0 683.0 13,708
Capex 1 2,19,981 34,548 22,461 12,437 29,864 16,863
Capex / Sales 36.62% 3.94% 2.14% 1.55% 3.44% 0.98%
Announcement Date 19/09/18 26/09/19 26/08/20 31/08/21 07/09/22 08/09/23
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. SLS Stock
  4. Financials Son La Sugar