TIENLEN STEEL CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7,350 VND | 0.00% |
|
+0.68% | -11.23% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,62,637 | 4,51,921 | 7,64,945 | 20,83,057 | 6,55,550 | 9,30,010 |
| Enterprise Value (EV) 1 | 14,74,451 | 16,07,981 | 15,23,479 | 31,96,643 | 20,12,637 | 20,67,569 |
| P/E ratio | 6.63 x | -3.16 x | 10.1 x | 4.66 x | 121 x | 235 x |
| Yield | - | - | - | 2.45% | - | - |
| Capitalization / Revenue | 0.09 x | 0.08 x | 0.19 x | 0.45 x | 0.12 x | 0.15 x |
| EV / Revenue | 0.25 x | 0.3 x | 0.37 x | 0.69 x | 0.38 x | 0.34 x |
| EV / EBITDA | 6.52 x | -71.2 x | 8.18 x | 5.69 x | 9.39 x | 21.2 x |
| EV / FCF | -13 x | -7.9 x | 3.67 x | -6.82 x | -11.9 x | 9.21 x |
| FCF Yield | -7.69% | -12.7% | 27.2% | -14.7% | -8.37% | 10.9% |
| Price to Book | 0.36 x | 0.31 x | 0.53 x | 1.11 x | 0.35 x | 0.51 x |
| Nbr of stocks (in thousands) | 1,10,716 | 1,10,716 | 1,10,716 | 1,12,322 | 1,12,322 | 1,12,320 |
| Reference price 2 | 5,082 | 4,082 | 6,909 | 18,545 | 5,836 | 8,280 |
| Announcement Date | 20/03/19 | 03/03/20 | 05/03/21 | 25/02/22 | 17/03/23 | 01/04/24 |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 59,52,454 | 53,95,541 | 40,84,531 | 46,44,781 | 53,24,489 | 61,57,359 |
| EBITDA 1 | 2,26,137 | -22,585 | 1,86,160 | 5,61,802 | 2,14,452 | 97,741 |
| EBIT 1 | 1,97,759 | -52,438 | 1,54,775 | 5,31,331 | 1,84,487 | 67,616 |
| Operating Margin | 3.32% | -0.97% | 3.79% | 11.44% | 3.46% | 1.1% |
| Earnings before Tax (EBT) 1 | 1,15,300 | -1,44,488 | 95,417 | 5,47,694 | 26,334 | 19,207 |
| Net income 1 | 84,858 | -1,42,963 | 75,849 | 4,42,097 | 5,435 | 3,956 |
| Net margin | 1.43% | -2.65% | 1.86% | 9.52% | 0.1% | 0.06% |
| EPS 2 | 766.4 | -1,291 | 685.1 | 3,983 | 48.39 | 35.22 |
| Free Cash Flow 1 | -1,13,337 | -2,03,541 | 4,14,566 | -4,68,454 | -1,68,428 | 2,24,442 |
| FCF margin | -1.9% | -3.77% | 10.15% | -10.09% | -3.16% | 3.65% |
| FCF Conversion (EBITDA) | - | - | 222.69% | - | - | 229.63% |
| FCF Conversion (Net income) | - | - | 546.56% | - | - | 5,673.7% |
| Dividend per Share | - | - | - | 454.5 | - | - |
| Announcement Date | 20/03/19 | 03/03/20 | 05/03/21 | 25/02/22 | 17/03/23 | 01/04/24 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 9,11,814 | 11,56,060 | 7,58,534 | 11,13,586 | 13,57,087 | 11,37,560 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.032 x | -51.19 x | 4.075 x | 1.982 x | 6.328 x | 11.64 x |
| Free Cash Flow 1 | -1,13,337 | -2,03,541 | 4,14,566 | -4,68,454 | -1,68,428 | 2,24,442 |
| ROE (net income / shareholders' equity) | 5.38% | -9.51% | 5.37% | 26.9% | 0.39% | 0.22% |
| ROA (Net income/ Total Assets) | 4.31% | -1.02% | 3.05% | 9.53% | 2.75% | 1.01% |
| Assets 1 | 19,69,956 | 1,40,03,668 | 24,88,661 | 46,39,242 | 1,97,848 | 3,89,775 |
| Book Value Per Share 2 | 14,282 | 12,990 | 13,132 | 16,722 | 16,770 | 16,326 |
| Cash Flow per Share 2 | 800.0 | 1,628 | 1,372 | 555.0 | 1,014 | 2,405 |
| Capex 1 | 22,781 | 27,979 | 10,579 | 6,419 | 2,300 | 61,642 |
| Capex / Sales | 0.38% | 0.52% | 0.26% | 0.14% | 0.04% | 1% |
| Announcement Date | 20/03/19 | 03/03/20 | 05/03/21 | 25/02/22 | 17/03/23 | 01/04/24 |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -11.23% | 32.43M | |
| -0.17% | 41.66B | |
| +17.81% | 24.49B | |
| -20.12% | 22.14B | |
| +14.18% | 21.19B | |
| -6.72% | 21.18B | |
| +3.87% | 19.51B | |
| +5.42% | 9.4B | |
| -21.95% | 8.54B | |
| -13.32% | 8.42B |
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