Financials Ho Chi Minh City Securities Corporation

Equities

HCM

VN000000HCM0

Investment Banking & Brokerage Services

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
27,800 VND -1.42% Intraday chart for Ho Chi Minh City Securities Corporation +1.83% -6.52%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,069,613 6,522,770 9,578,314 20,764,905 9,144,239 15,636,649
Enterprise Value (EV) 1 6,804,573 6,723,321 13,026,800 26,234,599 9,017,151 19,750,192
P/E ratio 8.99 x 13.4 x 18.1 x 12.3 x 10.7 x 23.2 x
Yield 8.89% 5.62% 3.82% 1.65% 3.75% -
Capitalization / Revenue 2.88 x 4.86 x 4.84 x 5.77 x 2.98 x 6.63 x
EV / Revenue 3.23 x 5.01 x 6.58 x 7.28 x 2.94 x 8.37 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.98 x 1.52 x 2.16 x 2.84 x 1.16 x 1.88 x
Nbr of stocks (in thousands) 248,312 351,344 350,798 524,827 525,794 525,794
Reference price 2 24,443 18,565 27,304 39,565 17,391 29,739
Announcement Date 3/29/19 3/30/20 3/22/21 3/24/22 3/24/23 3/25/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,107,227 1,341,997 1,980,533 3,601,590 3,069,172 2,358,306
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 842,186 531,406 660,305 1,430,335 1,067,806 842,231
Net income 1 675,480 432,565 530,452 1,147,062 852,488 674,359
Net margin 32.06% 32.23% 26.78% 31.85% 27.78% 28.6%
EPS 2 2,720 1,388 1,511 3,204 1,621 1,283
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 2,174 1,043 1,043 652.2 652.2 -
Announcement Date 3/29/19 3/30/20 3/22/21 3/24/22 3/24/23 3/25/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2024
Net Debt - - -
Net Cash position - - -
Leverage (Debt/EBITDA) - - -
Free Cash Flow - - -
ROE (net income / shareholders' equity) - - 10.2%
ROA (Net income/ Total Assets) - - 5.1%
Assets - - -
Book Value Per Share - - -
Cash Flow per Share - - -
Capex - - -
Capex / Sales - - -
Announcement Date 3/24/22 1/19/23 -
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
27,800 VND
Average target price
28,524 VND
Spread / Average Target
+2.60%
Consensus

Annual profits - Rate of surprise

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