Financials Hoa Binh Construction Group

Equities

HBC

VN000000HBC3

Construction & Engineering

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
7,450 VND -0.53% Intraday chart for Hoa Binh Construction Group 0.00% -5.34%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,401,901 2,470,367 3,705,550 7,333,077 2,524,767 2,157,429
Enterprise Value (EV) 1 7,320,218 6,840,954 8,566,153 11,625,875 8,115,643 6,485,043
P/E ratio 6.04 x 6.23 x 47.2 x 79 x -0.95 x -1.94 x
Yield 1.73% - - - - -
Capitalization / Revenue 0.19 x 0.13 x 0.33 x 0.65 x 0.18 x 0.29 x
EV / Revenue 0.4 x 0.37 x 0.76 x 1.02 x 0.57 x 0.86 x
EV / EBITDA 5.67 x 7.36 x 17.5 x 20.2 x -5.12 x -20.7 x
EV / FCF -12.7 x -4.98 x -9.09 x 18 x 67.5 x 3.84 x
FCF Yield -7.9% -20.1% -11% 5.56% 1.48% 26.1%
Price to Book 1.25 x 0.69 x 1.03 x 2 x 2.11 x 37.9 x
Nbr of stocks (in thousands) 231,305 259,389 259,389 259,385 274,133 274,133
Reference price 2 14,707 9,524 14,286 28,271 9,210 7,870
Announcement Date 3/31/19 4/8/20 4/12/21 4/4/22 7/3/23 4/1/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 18,299,334 18,609,737 11,224,653 11,355,969 14,148,963 7,537,097
EBITDA 1 1,290,169 929,501 489,638 574,918 -1,585,270 -313,807
EBIT 1 1,046,011 679,090 247,625 346,653 -1,815,023 -552,360
Operating Margin 5.72% 3.65% 2.21% 3.05% -12.83% -7.33%
Earnings before Tax (EBT) 1 794,883 526,900 114,362 148,564 -2,333,942 -1,079,817
Net income 1 629,873 416,755 86,319 102,964 -2,566,811 -1,110,747
Net margin 3.44% 2.24% 0.77% 0.91% -18.14% -14.74%
EPS 2 2,437 1,528 302.6 357.9 -9,698 -4,052
Free Cash Flow 1 -578,085 -1,372,728 -942,764 645,986 120,220 1,690,949
FCF margin -3.16% -7.38% -8.4% 5.69% 0.85% 22.44%
FCF Conversion (EBITDA) - - - 112.36% - -
FCF Conversion (Net income) - - - 627.39% - -
Dividend per Share 2 254.3 - - - - -
Announcement Date 3/31/19 4/8/20 4/12/21 4/4/22 7/3/23 4/1/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,918,317 4,370,587 4,860,603 4,292,797 5,590,876 4,327,615
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.037 x 4.702 x 9.927 x 7.467 x -3.527 x -13.79 x
Free Cash Flow 1 -578,085 -1,372,728 -942,764 645,986 120,220 1,690,949
ROE (net income / shareholders' equity) 23% 11.8% 2.06% 2.36% -97.5% -174%
ROA (Net income/ Total Assets) 4.37% 2.6% 0.96% 1.35% -7.05% -2.06%
Assets 1 14,403,350 16,016,102 9,000,945 7,634,917 36,397,310 53,995,795
Book Value Per Share 2 11,741 13,832 13,874 14,113 4,365 207.0
Cash Flow per Share 2 1,360 2,214 941.0 2,831 1,810 1,417
Capex 1 297,834 180,974 100,627 64,073 254,133 8,098
Capex / Sales 1.63% 0.97% 0.9% 0.56% 1.8% 0.11%
Announcement Date 3/31/19 4/8/20 4/12/21 4/4/22 7/3/23 4/1/24
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. HBC Stock
  4. Financials Hoa Binh Construction Group