THAC MO HYDRO POWER |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 68,000 VND | -2.72% |
|
-2.44% | -0.15% |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 23,45,000 | 22,68,000 | 24,99,000 | 29,47,000 | 36,05,000 | 34,65,000 |
| Enterprise Value (EV) 1 | 19,91,460 | 16,40,429 | 17,76,635 | 25,44,024 | 35,37,921 | 30,97,440 |
| P/E ratio | 7.46 x | 4.47 x | 6.66 x | 16.5 x | 10.2 x | 6.04 x |
| Yield | 8.06% | 9.26% | 8.4% | 17.2% | 5.83% | 6.06% |
| Capitalization / Revenue | 3.35 x | 2.56 x | 3.71 x | 6.65 x | 4.82 x | 3.24 x |
| EV / Revenue | 2.84 x | 1.85 x | 2.64 x | 5.74 x | 4.73 x | 2.89 x |
| EV / EBITDA | 3.87 x | 2.58 x | 3.84 x | 10.8 x | 6.97 x | 4.06 x |
| EV / FCF | 5.5 x | 4.37 x | 8.73 x | -12.4 x | - | 7.37 x |
| FCF Yield | 18.2% | 22.9% | 11.4% | -8.03% | - | 13.6% |
| Price to Book | 2.32 x | 1.75 x | 1.72 x | 1.94 x | 2.66 x | 2.11 x |
| Nbr of stocks (in thousands) | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 |
| Reference price 2 | 33,500 | 32,400 | 35,700 | 42,100 | 51,500 | 49,500 |
| Announcement Date | 29/03/18 | 25/03/19 | 20/03/20 | 01/03/21 | 30/03/22 | 24/03/23 |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,00,107 | 8,86,530 | 6,72,861 | 4,43,211 | 7,48,324 | 10,70,306 |
| EBITDA 1 | 5,15,056 | 6,34,665 | 4,63,048 | 2,36,083 | 5,07,764 | 7,62,812 |
| EBIT 1 | 3,87,278 | 5,65,086 | 4,18,209 | 1,97,164 | 4,19,048 | 6,72,233 |
| Operating Margin | 55.32% | 63.74% | 62.15% | 44.49% | 56% | 62.81% |
| Earnings before Tax (EBT) 1 | 3,95,170 | 6,34,882 | 4,70,884 | 2,27,039 | 4,30,196 | 7,07,468 |
| Net income 1 | 3,14,149 | 5,07,155 | 3,75,058 | 1,78,523 | 3,53,217 | 5,73,354 |
| Net margin | 44.87% | 57.21% | 55.74% | 40.28% | 47.2% | 53.57% |
| EPS 2 | 4,488 | 7,245 | 5,358 | 2,550 | 5,046 | 8,191 |
| Free Cash Flow 1 | 3,62,382 | 3,75,241 | 2,03,397 | -2,04,378 | - | 4,20,501 |
| FCF margin | 51.76% | 42.33% | 30.23% | -46.11% | - | 39.29% |
| FCF Conversion (EBITDA) | 70.36% | 59.12% | 43.93% | - | - | 55.13% |
| FCF Conversion (Net income) | 115.35% | 73.99% | 54.23% | - | - | 73.34% |
| Dividend per Share 2 | 2,700 | 3,000 | 3,000 | 7,230 | 3,000 | 3,000 |
| Announcement Date | 29/03/18 | 25/03/19 | 20/03/20 | 01/03/21 | 30/03/22 | 24/03/23 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 3,53,540 | 6,27,571 | 7,22,365 | 4,02,976 | 67,079 | 3,67,560 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,62,382 | 3,75,241 | 2,03,397 | -2,04,378 | - | 4,20,501 |
| ROE (net income / shareholders' equity) | 31.6% | 42.8% | 26.8% | 12% | 24.3% | 37.5% |
| ROA (Net income/ Total Assets) | 18.3% | 23.2% | 15.1% | 6.48% | 13% | 19.6% |
| Assets 1 | 17,17,008 | 21,85,032 | 24,91,238 | 27,54,894 | 27,08,491 | 29,23,218 |
| Book Value Per Share 2 | 14,412 | 18,520 | 20,760 | 21,692 | 19,391 | 23,502 |
| Cash Flow per Share 2 | 1,451 | 1,074 | 437.0 | 919.0 | 1,301 | 434.0 |
| Capex 1 | 8,677 | 4,239 | 20,527 | 4,89,844 | - | 19,148 |
| Capex / Sales | 1.24% | 0.48% | 3.05% | 110.52% | - | 1.79% |
| Announcement Date | 29/03/18 | 25/03/19 | 20/03/20 | 01/03/21 | 30/03/22 | 24/03/23 |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -0.15% | 192M | |
| +7.21% | 33.65B | |
| +8.69% | 23.54B | |
| -22.54% | 15.1B | |
| -3.44% | 7B | |
| +0.99% | 4.94B | |
| -7.90% | 4.15B | |
| -9.80% | 4.05B | |
| +8.98% | 2.93B | |
| -.--% | 2.89B |
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