PETROVIETNAM TECHNICAL SERVICES CORPORATION Financials PetroVietnam Technical Services Corporation
Equities
PVS
VN000000PVS0
Oil Related Services and Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 42,700 VND | +0.47% |
|
+5.17% | +12.37% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,364,410 | 8,507,800 | 13,048,480 | 10,228,479 | 18,162,719 | 20,409,161 | - | - |
| Enterprise Value (EV) 1 | 27,859 | 1,193,232 | 4,409,125 | 1,547,744 | 18,162,719 | 11,772,561 | 12,021,461 | 12,039,661 |
| P/E ratio | 12.9 x | 16.2 x | 21.7 x | 13.6 x | 24.1 x | 19.4 x | 15.6 x | 13 x |
| Yield | 5.71% | 5.62% | 3.66% | 3.74% | - | 1.64% | 1.64% | 1.64% |
| Capitalization / Revenue | 0.49 x | 0.43 x | 0.92 x | 0.62 x | 0.94 x | 0.78 x | 0.56 x | 0.48 x |
| EV / Revenue | 0 x | 0.06 x | 0.31 x | 0.09 x | 0.94 x | 0.45 x | 0.33 x | 0.28 x |
| EV / EBITDA | 0.04 x | 2.98 x | 8.73 x | 3.23 x | 56.9 x | 10.9 x | 7.41 x | 5.87 x |
| EV / FCF | 0.03 x | -1.01 x | -9.57 x | 1.55 x | -15 x | 43.5 x | 23.6 x | 12.4 x |
| FCF Yield | 3,499% | -99% | -10.5% | 64.6% | -6.68% | 2.3% | 4.24% | 8.05% |
| Price to Book | 0.71 x | 0.7 x | 1.11 x | 0.84 x | 1.54 x | - | - | - |
| Nbr of stocks (in thousands) | 477,966 | 477,966 | 477,966 | 477,966 | 477,966 | 477,966 | - | - |
| Reference price 2 | 17,500 | 17,800 | 27,300 | 21,400 | 38,000 | 42,700 | 42,700 | 42,700 |
| Announcement Date | 1/31/20 | 1/24/21 | 1/28/22 | 3/27/23 | 2/1/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,232,812 | 19,832,321 | 14,237,828 | 16,372,513 | 19,349,376 | 26,240,333 | 36,665,000 | 42,550,000 |
| EBITDA 1 | 619,312 | 400,416 | 505,102 | 478,538 | 319,407 | 1,077,667 | 1,622,500 | 2,052,500 |
| EBIT 1 | 842,344 | -125,195 | 4,733 | 7,366 | -187,552 | 463,150 | 925,250 | 1,357,700 |
| Operating Margin | 4.89% | -0.63% | 0.03% | 0.04% | -0.97% | 1.77% | 2.52% | 3.19% |
| Earnings before Tax (EBT) 1 | 948,300 | 1,041,841 | 815,983 | 1,173,640 | 1,103,116 | 1,546,233 | 1,910,367 | 2,467,600 |
| Net income 1 | 730,667 | 648,577 | 602,035 | 883,636 | 866,117 | 1,195,400 | 1,480,833 | 1,880,100 |
| Net margin | 4.24% | 3.27% | 4.23% | 5.4% | 4.48% | 4.56% | 4.04% | 4.42% |
| EPS 2 | 1,356 | 1,096 | 1,260 | 1,575 | 1,579 | 2,200 | 2,736 | 3,278 |
| Free Cash Flow 1 | 974,781 | -1,181,474 | -460,811 | 999,239 | -1,212,499 | 270,900 | 509,800 | 969,550 |
| FCF margin | 5.66% | -5.96% | -3.24% | 6.1% | -6.27% | 1.03% | 1.39% | 2.28% |
| FCF Conversion (EBITDA) | 157.4% | - | - | 208.81% | - | 25.14% | 31.42% | 47.24% |
| FCF Conversion (Net income) | 133.41% | - | - | 113.08% | - | 22.66% | 34.43% | 51.57% |
| Dividend per Share 2 | 1,000 | 1,000 | 1,000 | 800.0 | - | 700.0 | 700.0 | 700.0 |
| Announcement Date | 1/31/20 | 1/24/21 | 1/28/22 | 3/27/23 | 2/1/24 | - | - | - |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 8,336,551 | 7,314,568 | 8,639,355 | 8,680,735 | - | 8,636,600 | 8,387,700 | 8,369,500 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 974,781 | -1,181,474 | -460,811 | 999,239 | -1,212,499 | 270,900 | 509,800 | 969,550 |
| ROE (net income / shareholders' equity) | 6.17% | 5.32% | 5.03% | 7.33% | 6.55% | 9.27% | 10.4% | 11.7% |
| ROA (Net income/ Total Assets) | 3.03% | 2.47% | 2.36% | 3.49% | 3.31% | 4.5% | 4.6% | 5.1% |
| Assets 1 | 24,082,633 | 26,258,182 | 25,486,089 | 25,349,597 | 26,162,735 | 26,564,444 | 32,192,029 | 36,864,706 |
| Book Value Per Share | 24,741 | 25,411 | 24,674 | 25,564 | 24,692 | - | - | - |
| Cash Flow per Share | - | -1,276 | - | - | - | - | - | - |
| Capex 1 | 870,967 | 501,921 | 247,888 | 498,418 | 901,454 | 1,297,200 | 1,047,200 | 847,200 |
| Capex / Sales | 5.05% | 2.53% | 1.74% | 3.04% | 4.66% | 4.94% | 2.86% | 1.99% |
| Announcement Date | 1/31/20 | 1/24/21 | 1/28/22 | 3/27/23 | 2/1/24 | - | - | - |
1VND in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
42,700
VND
Average target price
48,220
VND
Spread / Average Target
+12.93%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +12.37% | 803M | |
| -11.34% | 65.95B | |
| +0.12% | 34.15B | |
| -8.44% | 29.3B | |
| +29.05% | 11.2B | |
| +24.48% | 8.91B | |
| -11.14% | 7.13B | |
| +10.72% | 6.16B | |
| +49.12% | 5.94B | |
| +30.51% | 4.97B |
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