Financials PetroVietnam Construction Joint Stk Corp

Equities

PVX

VN000000PVX0

Construction & Engineering

End-of-day quote HANOI S.E.
- VND - Intraday chart for PetroVietnam Construction Joint Stk Corp

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 919,993 399,997 439,997 399,997 399,997 399,997
Enterprise Value (EV) 1 2,362,928 1,305,299 1,401,281 1,269,606 637,933 418,688
P/E ratio -2.31 x -1.53 x -2.06 x -4.12 x 5.23 x 8.51 x
Yield - - - - - -
Capitalization / Revenue 0.24 x 0.12 x 0.22 x 0.26 x 0.19 x 0.22 x
EV / Revenue 0.63 x 0.39 x 0.7 x 0.82 x 0.31 x 0.23 x
EV / EBITDA -10.1 x -4.6 x -4.43 x -11.7 x -14.3 x 5.01 x
EV / FCF -5.95 x 3.96 x -117 x -6.2 x 0.92 x 1.89 x
FCF Yield -16.8% 25.2% -0.85% -16.1% 109% 52.9%
Price to Book 1.16 x 0.83 x 1.64 x 1.91 x 1.33 x 1.17 x
Nbr of stocks (in thousands) 399,997 399,997 399,997 399,997 399,997 399,997
Reference price 2 2,300 1,000 1,100 1,000 1,000 1,000
Announcement Date 4/17/18 4/18/19 4/20/20 3/31/21 4/18/23 4/18/23
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3,769,260 3,345,115 1,997,592 1,554,539 2,058,601 1,782,910
EBITDA 1 -233,216 -283,898 -315,989 -108,541 -44,671 83,489
EBIT 1 -356,832 -395,533 -413,612 -191,857 -109,922 35,931
Operating Margin -9.47% -11.82% -20.71% -12.34% -5.34% 2.02%
Earnings before Tax (EBT) 1 -415,263 -388,237 -387,621 -170,131 49,019 2,701
Net income 1 -398,489 -260,759 -213,571 -97,030 76,511 47,013
Net margin -10.57% -7.8% -10.69% -6.24% 3.72% 2.64%
EPS 2 -996.3 -651.9 -533.9 -242.6 191.3 117.5
Free Cash Flow 1 -397,120 329,230 -11,937 -204,910 696,484 221,333
FCF margin -10.54% 9.84% -0.6% -13.18% 33.83% 12.41%
FCF Conversion (EBITDA) - - - - - 265.1%
FCF Conversion (Net income) - - - - 910.3% 470.79%
Dividend per Share - - - - - -
Announcement Date 4/17/18 4/18/19 4/20/20 3/31/21 4/18/23 4/18/23
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 1,442,935 905,302 961,284 869,609 237,936 18,691
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -6.187 x -3.189 x -3.042 x -8.012 x -5.326 x 0.2239 x
Free Cash Flow 1 -397,120 329,230 -11,937 -204,910 696,484 221,333
ROE (net income / shareholders' equity) -15.4% -18.9% -23.2% -12.7% 4.61% 0.36%
ROA (Net income/ Total Assets) -1.74% -2.12% -2.54% -1.36% -0.94% 0.34%
Assets 1 22,849,122 12,312,141 8,401,026 7,112,059 -8,111,877 13,888,651
Book Value Per Share 2 1,977 1,201 671.0 523.0 750.0 854.0
Cash Flow per Share 2 2,253 2,157 915.0 669.0 974.0 1,404
Capex 1 14,311 568 10,932 3,197 816 5,352
Capex / Sales 0.38% 0.02% 0.55% 0.21% 0.04% 0.3%
Announcement Date 4/17/18 4/18/19 4/20/20 3/31/21 4/18/23 4/18/23
1VND in Million2VND
Estimates
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