Financials MB Securities

Equities

MBS

VN000000MBS9

Investment Banking & Brokerage Services

End-of-day quote HANOI S.E. 18:00:00 2024-05-02 EDT 5-day change 1st Jan Change
26,700 VND -0.37% Intraday chart for MB Securities -1.11% +17.62%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,685,215 1,758,476 2,711,316 10,810,706 4,680,921 9,934,418
Enterprise Value (EV) 1 2,173,911 2,046,956 3,836,568 16,778,387 10,289,557 18,724,769
P/E ratio 9.22 x 7.65 x 9.54 x 18.2 x 8.55 x 18.1 x
Yield - - - - - -
Capitalization / Revenue 1.99 x 2.35 x 3 x 5.83 x 3.08 x 6.97 x
EV / Revenue 2.57 x 2.73 x 4.24 x 9.05 x 6.77 x 13.1 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.15 x 1.05 x 1.32 x 3.17 x 1.04 x 1.97 x
Nbr of stocks (in thousands) 213,180 213,179 260,779 369,277 437,647 437,640
Reference price 2 7,905 8,249 10,397 29,275 10,696 22,700
Announcement Date 19-03-27 20-03-26 21-02-25 22-02-10 23-02-21 24-03-15
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 847,398 749,057 904,302 1,854,918 1,520,958 1,425,232
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 202,732 288,578 336,105 736,275 660,569 716,147
Net income 1 177,352 229,802 268,705 586,811 514,206 584,016
Net margin 20.93% 30.68% 29.71% 31.64% 33.81% 40.98%
EPS 2 857.8 1,078 1,090 1,606 1,251 1,254
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 19-03-27 20-03-26 21-02-25 22-02-10 23-02-21 24-03-15
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 488,697 288,480 1,125,252 5,967,681 5,608,636 8,790,351
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 12.9% 14.7% 14.4% 21.4% 13% 12.3%
ROA (Net income/ Total Assets) 4.41% 5.39% 4.57% 6.5% 4.74% 4.5%
Assets 1 4,023,052 4,262,547 5,882,986 9,031,469 10,844,331 12,983,335
Book Value Per Share 2 6,851 7,833 7,901 9,238 10,248 11,512
Cash Flow per Share 2 2,151 1,945 372.0 320.0 445.0 1,305
Capex 1 20,693 34,840 17,711 90,925 113,917 73,090
Capex / Sales 2.44% 4.65% 1.96% 4.9% 7.49% 5.13%
Announcement Date 19-03-27 20-03-26 21-02-25 22-02-10 23-02-21 24-03-15
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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