Sayfa yüklenirken bir hata oluştu.
Teknik ekibimiz bilgilendirildi, ancak sorunun devam etmesi durumunda lütfen e-posta destek widget ile bize ulaşın.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 10,2x - 11,2x | 10,7x |
| Selected Fwd EBIT Multiple | 3,9x - 4,3x | 4,1x |
| Fair Value | ₫23.036 - ₫24.330 | ₫23.683 |
| Upside | 27,3% - 34,4% | 30,8% |
| Benchmarks | Ticker | Full Ticker |
| Cam Ranh International Airport Services Joint-Stock Company | CIA | HNX:CIA |
| Nghe Tinh Port Joint Stock Company | NAP | HNX:NAP |
| Danang Airports Services Joint-Stock Company | MAS | HNX:MAS |
| Cam Ranh Port Joint Stock Company | CCR | HNX:CCR |
| An Giang Port Joint-Stock Company | CAG | HNX:CAG |
| Vietnam Maritime Development Joint Stock Company | VMS | HNX:VMS |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| CIA | NAP | MAS | CCR | CAG | VMS | ||
| HNX:CIA | HNX:NAP | HNX:MAS | HNX:CCR | HNX:CAG | HNX:VMS | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | NM- | 22.0% | -17.8% | -10.5% | NM- | 10.6% | |
| 3Y CAGR | NM- | 10.7% | NM- | -28.6% | NM- | 2.5% | |
| Latest Twelve Months | 144.6% | -31.0% | 10.7% | 8.9% | -84.4% | -11.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | -35.7% | 7.1% | -0.6% | 16.6% | 1.1% | 3.7% | |
| Prior Fiscal Year | -8.4% | 9.6% | 3.2% | 13.0% | -0.3% | 5.2% | |
| Latest Fiscal Year | -1.5% | 9.4% | 4.2% | 11.5% | -21.6% | 3.4% | |
| Latest Twelve Months | 2.8% | 8.6% | 3.7% | 11.5% | -21.6% | 3.9% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.30x | 1.14x | 0.82x | 1.59x | 1.19x | 0.29x | |
| EV / LTM EBITDA | 7.1x | 4.8x | 11.0x | 6.7x | -46.5x | 4.4x | |
| EV / LTM EBIT | 10.7x | 13.3x | 21.9x | 13.8x | -5.5x | 7.3x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -5.5x | 13.3x | 21.9x | ||||
| Historical EV / LTM EBIT | -4.1x | 10.3x | 24.1x | ||||
| Selected EV / LTM EBIT | 10.2x | 10.7x | 11.2x | ||||
| (x) LTM EBIT | 9,046 | 9,046 | 9,046 | ||||
| (=) Implied Enterprise Value | 91,905 | 96,742 | 101,579 | ||||
| (-) Non-shareholder Claims * | 96,683 | 96,683 | 96,683 | ||||
| (=) Equity Value | 188,588 | 193,425 | 198,262 | ||||
| (/) Shares Outstanding | 9.0 | 9.0 | 9.0 | ||||
| Implied Value Range | 20,954.23 | 21,491.68 | 22,029.14 | ||||
| FX Rate: VND/VND | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 20,954.23 | 21,491.68 | 22,029.14 | 18,100.00 | |||
| Upside / (Downside) | 15.8% | 18.7% | 21.7% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | CIA | NAP | MAS | CCR | CAG | VMS | |
| Enterprise Value | (6,492) | 231,272 | 144,132 | 295,565 | 44,512 | 66,217 | |
| (+) Cash & Short Term Investments | 142,269 | 11,038 | 8,651 | 36,574 | 58,627 | 84,969 | |
| (+) Investments & Other | 47,103 | 4,860 | 0 | 1,170 | 3,121 | 11,714 | |
| (-) Debt | 0 | (29,846) | (3,413) | (8,582) | 0 | 0 | |
| (-) Other Liabilities | 0 | 0 | 0 | (4,385) | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 182,880 | 217,324 | 149,369 | 320,342 | 106,260 | 162,900 | |
| (/) Shares Outstanding | 18.7 | 21.5 | 4.3 | 24.5 | 13.8 | 9.0 | |
| Implied Stock Price | 9,800.00 | 10,100.00 | 35,000.00 | 13,100.00 | 7,700.00 | 18,100.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 9,800.00 | 10,100.00 | 35,000.00 | 13,100.00 | 7,700.00 | 18,100.00 | |
| Trading Currency | VND | VND | VND | VND | VND | VND | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |