Financials Materials-Petroleum

Equities

COM

VN000000COM6

Oil & Gas Refining and Marketing

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-07-09 pm EDT 5-day change 1st Jan Change
30,400 VND -6.46% Intraday chart for Materials-Petroleum -6.61% -21.14%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 769,574 673,554 649,549 593,772 402,438 544,350
Enterprise Value (EV) 1 587,360 664,089 577,481 492,936 296,850 414,636
P/E ratio 8.53 x 13.2 x 17.8 x 15 x 524 x 15.8 x
Yield 9.17% 6.29% 4.35% 4.76% 5.26% 3.89%
Capitalization / Revenue 0.18 x 0.16 x 0.22 x 0.22 x 0.08 x 0.13 x
EV / Revenue 0.14 x 0.16 x 0.2 x 0.19 x 0.06 x 0.1 x
EV / EBITDA 4.84 x 9.02 x 12 x 9 x 52.7 x 11 x
EV / FCF 4.27 x -9.15 x 5.45 x 21.6 x 10.2 x 8.05 x
FCF Yield 23.4% -10.9% 18.4% 4.62% 9.77% 12.4%
Price to Book 1.53 x 1.51 x 1.47 x 1.26 x 0.93 x 1.24 x
Nbr of stocks (in thousands) 14,121 14,121 14,121 14,121 14,121 14,121
Reference price 2 54,500 47,700 46,000 42,050 28,500 38,550
Announcement Date 3/5/19 3/2/20 3/11/21 3/3/22 3/13/23 2/22/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,242,019 4,203,611 2,899,292 2,659,682 4,815,630 4,342,338
EBITDA 1 121,310 73,633 48,123 54,779 5,628 37,551
EBIT 1 110,833 61,986 36,827 43,853 -5,081 26,713
Operating Margin 2.61% 1.47% 1.27% 1.65% -0.11% 0.62%
Earnings before Tax (EBT) 1 112,525 63,604 46,206 49,924 935.4 42,957
Net income 1 90,270 51,030 37,036 40,195 1,278 34,458
Net margin 2.13% 1.21% 1.28% 1.51% 0.03% 0.79%
EPS 2 6,393 3,614 2,587 2,810 54.42 2,440
Free Cash Flow 1 137,540 -72,550 106,050 22,787 28,994 51,535
FCF margin 3.24% -1.73% 3.66% 0.86% 0.6% 1.19%
FCF Conversion (EBITDA) 113.38% - 220.37% 41.6% 515.2% 137.24%
FCF Conversion (Net income) 152.36% - 286.35% 56.69% 2,267.83% 149.56%
Dividend per Share 2 5,000 3,000 2,000 2,000 1,500 1,500
Announcement Date 3/5/19 3/2/20 3/11/21 3/3/22 3/13/23 2/22/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 182,214 9,465 72,068 100,836 105,588 129,714
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 137,540 -72,550 106,050 22,787 28,994 51,535
ROE (net income / shareholders' equity) 18.6% 10.8% 8.35% 8.79% 0.28% 7.89%
ROA (Net income/ Total Assets) 12.6% 7.15% 4.54% 5.3% -0.6% 3.29%
Assets 1 715,748 714,194 815,743 757,986 -213,616 1,048,682
Book Value Per Share 2 35,645 31,491 31,345 33,444 30,787 31,102
Cash Flow per Share 2 12,000 750.0 4,162 6,033 6,478 8,310
Capex 1 20,453 27,632 2,335 4,567 5,766 8,032
Capex / Sales 0.48% 0.66% 0.08% 0.17% 0.12% 0.18%
Announcement Date 3/5/19 3/2/20 3/11/21 3/3/22 3/13/23 2/22/24
1VND in Million2VND
Estimates
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