Financials Hai An Transport And Stevedoring

Equities

HAH

VN000000HAH4

Marine Port Services

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-07-15 pm EDT 5-day change 1st Jan Change
44,350 VND -1.77% Intraday chart for Hai An Transport And Stevedoring -3.17% +35.64%

Valuation

Fiscal Period: December 2019 2021 2022 2023 2024 2025 2026
Capitalization 1 571,285 3,213,232 2,268,615 3,967,435 5,381,566 - -
Enterprise Value (EV) 1 571,285 3,213,232 2,268,615 3,967,435 5,381,566 5,381,566 5,381,566
P/E ratio - - - - - - -
Yield - 1.47% 3.1% - 1.96% 1.96% 1.96%
Capitalization / Revenue 0.51 x 1.64 x 0.71 x 1.52 x 1.8 x 1.63 x 1.51 x
EV / Revenue 0.51 x 1.64 x 0.71 x 1.52 x 1.8 x 1.63 x 1.51 x
EV / EBITDA - 3.95 x 1.49 x - 5.06 x 4.4 x -
EV / FCF - 18.9 x - - -19.9 x 132 x 5.48 x
FCF Yield - 5.3% - - -5.03% 0.76% 18.3%
Price to Book 0.57 x 1.74 x 0.96 x 1.49 x 1.78 x 1.58 x 1.43 x
Nbr of stocks (in thousands) 116,426 114,454 121,345 121,344 121,343 - -
Reference price 2 4,907 28,075 18,696 32,696 44,350 44,350 44,350
Announcement Date 1/30/20 2/7/22 1/30/23 2/7/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2021 2022 2023 2024 2025 2026
Net sales 1 1,112,401 1,955,301 3,205,610 2,612,690 2,991,780 3,308,850 3,556,900
EBITDA 1 - 813,197 1,521,463 - 1,064,000 1,224,000 -
EBIT 1 - 668,968 1,271,865 447,055 512,000 711,350 856,200
Operating Margin - 34.21% 39.68% 17.11% 17.11% 21.5% 24.07%
Earnings before Tax (EBT) - 662,317 1,282,611 - - - -
Net income - - - - - - -
Net margin - - - - - - -
EPS - - - - - - -
Free Cash Flow 1 - 170,160 - - -270,526 40,922 982,711
FCF margin - 8.7% - - -9.04% 1.24% 27.63%
FCF Conversion (EBITDA) - 20.92% - - - 3.34% -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - 414.1 579.7 - 869.6 869.6 869.6
Announcement Date 1/30/20 2/7/22 1/30/23 2/7/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Net sales 1 - 778,572 845,365 655,142 611,423
EBITDA - - - - -
EBIT 1 - - - - 108,823
Operating Margin - - - - 17.8%
Earnings before Tax (EBT) - - - - -
Net income 239,691 - - 119,019 -
Net margin - - - 18.17% -
EPS 1,332 - - - -
Dividend per Share - - - - -
Announcement Date 7/29/22 10/28/22 1/30/23 4/28/23 7/31/23
1VND in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 170,160 - - -270,526 40,922 982,711
ROE (net income / shareholders' equity) 12.4% 27.5% 42.5% 15.5% 12.4% 15% 15.6%
ROA (Net income/ Total Assets) 6.97% 16.7% 19.9% 7.4% 7.3% 9% 10.2%
Assets - - - - - - -
Book Value Per Share 2 8,554 16,145 19,399 21,929 24,911 28,001 30,918
Cash Flow per Share - - - - - - -
Capex 1 - 664,983 1,641,584 866,017 1,200,000 650,000 200,000
Capex / Sales - 34.01% 51.21% 33.15% 40.11% 19.64% 5.62%
Announcement Date 1/30/20 2/7/22 1/30/23 2/7/24 - - -
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
44,350 VND
Average target price
36,000 VND
Spread / Average Target
-18.83%
Consensus

Quarterly revenue - Rate of surprise

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