Financials Hoang Huy Investment Financial Services

Equities

TCH

VN000000TCH5

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. 18:00:00 2024-05-13 EDT 5-day change 1st Jan Change
18,350 VND +0.82% Intraday chart for Hoang Huy Investment Financial Services +1.66% +39.02%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 7,312,721 7,983,937 5,828,981 8,574,626 13,497,960 4,924,751
Enterprise Value (EV) 1 6,674,132 7,499,564 5,530,542 4,186,729 6,010,453 -1,502,574
P/E ratio 17 x 28.3 x 9.61 x 9.48 x 27.8 x 20 x
Yield 4.11% 3.05% 6.06% 1.49% 5.94% -
Capitalization / Revenue 3.97 x 9.63 x 2.61 x 1.94 x 4.9 x 2.35 x
EV / Revenue 3.63 x 9.05 x 2.47 x 0.95 x 2.18 x -0.72 x
EV / EBITDA 14 x 33.4 x 8.28 x 3.99 x 10.6 x -3.25 x
EV / FCF -157 x -18 x -15.5 x -7.09 x -13.6 x 5.02 x
FCF Yield -0.63% -5.55% -6.46% -14.1% -7.35% 19.9%
Price to Book 1.68 x 1.79 x 1.27 x 1.58 x 1.51 x 0.58 x
Nbr of stocks (in thousands) 400,610 400,610 400,610 424,613 668,216 668,216
Reference price 2 18,254 19,929 14,550 20,194 20,200 7,370
Announcement Date 18-05-14 19-05-30 20-05-26 21-05-10 22-05-31 23-06-12
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,840,246 828,826 2,237,104 4,419,421 2,755,985 2,093,212
EBITDA 1 476,077 224,315 668,202 1,049,939 567,781 462,220
EBIT 1 461,564 209,470 645,697 1,015,358 516,131 408,691
Operating Margin 25.08% 25.27% 28.86% 22.97% 18.73% 19.52%
Earnings before Tax (EBT) 1 536,094 333,698 770,760 1,278,129 816,174 750,886
Net income 1 438,616 282,282 631,379 905,842 400,503 245,967
Net margin 23.83% 34.06% 28.22% 20.5% 14.53% 11.75%
EPS 2 1,073 704.6 1,513 2,131 726.7 368.1
Free Cash Flow 1 -42,379 -416,206 -357,377 -590,632 -441,959 -299,159
FCF margin -2.3% -50.22% -15.97% -13.36% -16.04% -14.29%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 749.6 608.5 881.8 300.0 1,200 -
Announcement Date 18-05-14 19-05-30 20-05-26 21-05-10 22-05-31 23-06-12
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 638,589 484,373 298,439 4,387,897 7,487,507 6,427,325
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -42,379 -416,206 -357,377 -590,632 -441,959 -299,159
ROE (net income / shareholders' equity) 9.98% 6.36% 13.7% 15.2% 5.76% 4%
ROA (Net income/ Total Assets) 6.07% 2.33% 5.39% 6.67% 2.58% 1.77%
Assets 1 7,222,399 12,103,177 11,707,599 13,579,217 15,531,809 13,887,825
Book Value Per Share 2 10,846 11,154 11,485 12,784 13,381 12,678
Cash Flow per Share 2 487.0 849.0 688.0 919.0 999.0 543.0
Capex 1 182,002 997,161 6,284 3,006 11,256 266,645
Capex / Sales 9.89% 120.31% 0.28% 0.07% 0.41% 12.74%
Announcement Date 18-05-14 19-05-30 20-05-26 21-05-10 22-05-31 23-06-12
1VND in Million2VND
Estimates
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