Financials Petro Vietnam LPG

Equities

PVG

VN000000PVG5

Oil & Gas Refining and Marketing

End-of-day quote HANOI S.E. 18:00:00 2024-07-01 EDT 5-day change 1st Jan Change
7,700 VND -1.28% Intraday chart for Petro Vietnam LPG -6.24% -6.24%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 235,619 292,000 321,200 518,300 248,200 328,500
Enterprise Value (EV) 1 595,519 357,384 40,171 -242,994 -160,992 -292,160
P/E ratio 19.8 x 1,285 x 689 x 35.4 x 15.2 x 302 x
Yield - - - 2.11% 4.41% -
Capitalization / Revenue 0.06 x 0.08 x 0.09 x 0.13 x 0.05 x 0.07 x
EV / Revenue 0.15 x 0.1 x 0.01 x -0.06 x -0.03 x -0.07 x
EV / EBITDA 8.33 x 6.54 x 1.35 x -5.41 x -4.86 x -20.8 x
EV / FCF 113 x 2 x 0.14 x -0.54 x 0.42 x -1.45 x
FCF Yield 0.88% 49.9% 734% -187% 237% -69.2%
Price to Book 0.58 x 0.61 x 0.67 x 1.05 x 0.5 x 0.68 x
Nbr of stocks (in thousands) 30,378 40,000 40,000 40,000 40,000 40,000
Reference price 2 7,756 7,300 8,030 12,957 6,205 8,212
Announcement Date 19-03-18 20-04-01 21-03-30 22-03-22 23-03-13 24-03-18
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,054,934 3,480,462 3,457,966 4,079,425 4,601,403 4,381,735
EBITDA 1 71,456 54,654 29,744 44,921 33,132 14,080
EBIT 1 34,904 19,112 -8,646 358.7 -6,301 -24,543
Operating Margin 0.86% 0.55% -0.25% 0.01% -0.14% -0.56%
Earnings before Tax (EBT) 1 15,077 206.9 1,037 18,620 20,626 1,321
Net income 1 12,113 206.9 511.3 14,621 16,301 1,086
Net margin 0.3% 0.01% 0.01% 0.36% 0.35% 0.02%
EPS 2 391.0 5.680 11.66 365.5 407.5 27.16
Free Cash Flow 1 5,255 178,366 294,741 453,698 -380,988 202,183
FCF margin 0.13% 5.12% 8.52% 11.12% -8.28% 4.61%
FCF Conversion (EBITDA) 7.35% 326.36% 990.93% 1,010% - 1,436%
FCF Conversion (Net income) 43.38% 86,228.72% 57,647.52% 3,103% - 18,610.36%
Dividend per Share - - - 273.8 273.8 -
Announcement Date 19-03-18 20-04-01 21-03-30 22-03-22 23-03-13 24-03-18
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 359,901 65,384 - - - -
Net Cash position 1 - - 281,029 761,294 409,192 620,660
Leverage (Debt/EBITDA) 5.037 x 1.196 x - - - -
Free Cash Flow 1 5,255 178,366 294,741 453,698 -380,988 202,183
ROE (net income / shareholders' equity) 3.02% 0.05% 0.11% 2.99% 3.28% 0.22%
ROA (Net income/ Total Assets) 1.5% 0.87% -0.38% 0.01% -0.24% -0.94%
Assets 1 807,026 23,670 -134,019 110,767,278 -6,823,314 -115,317
Book Value Per Share 2 13,397 12,023 12,034 12,399 12,463 12,084
Cash Flow per Share 2 1,116 1,814 6,304 14,338 8,909 11,003
Capex 1 9,373 29,812 17,515 725 27,544 33,622
Capex / Sales 0.23% 0.86% 0.51% 0.02% 0.6% 0.77%
Announcement Date 19-03-18 20-04-01 21-03-30 22-03-22 23-03-13 24-03-18
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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