Financials Bao Viet Securities

Equities

BVS

VN000000BVS0

Investment Banking & Brokerage Services

End-of-day quote HANOI S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
35,400 VND -1.39% Intraday chart for Bao Viet Securities -0.56% +39.37%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 916,942 722,001 1,321,263 2,895,226 1,487,323 1,833,884
Enterprise Value (EV) 1 641,489 626,824 1,690,586 4,696,679 1,916,832 4,444,649
P/E ratio 7.29 x 5.91 x 13.2 x 13.2 x 7.4 x 12.4 x
Yield - 10% 4.37% 2% 4.85% -
Capitalization / Revenue 1.86 x 1.45 x 2.48 x 2.82 x 2.07 x 2.47 x
EV / Revenue 1.3 x 1.26 x 3.18 x 4.58 x 2.67 x 5.98 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.54 x 0.4 x 0.7 x 1.35 x 0.68 x 0.79 x
Nbr of stocks (in thousands) 72,200 72,200 72,200 72,200 72,200 72,200
Reference price 2 12,700 10,000 18,300 40,100 20,600 25,400
Announcement Date 4/2/19 3/31/20 4/2/21 3/30/22 3/31/23 1/22/24
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 493,175 498,832 532,080 1,025,721 717,006 743,587
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 122,480 151,163 154,332 351,028 181,004 235,097
Net income 1 103,532 135,510 132,380 282,944 146,888 195,645
Net margin 20.99% 27.17% 24.88% 27.58% 20.49% 26.31%
EPS 2 1,741 1,692 1,389 3,042 2,782 2,051
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - 1,000 800.0 800.0 1,000 -
Announcement Date 4/2/19 3/31/20 4/2/21 3/30/22 3/31/23 1/22/24
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 369,324 1,801,453 429,509 2,610,765
Net Cash position 1 275,453 95,177 - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 6.11% 7.75% 7.19% 14.1% 6.79% 8.7%
ROA (Net income/ Total Assets) 4.04% 5.09% 4.56% 6.2% 3.07% 3.96%
Assets 1 2,563,112 2,662,533 2,905,431 4,566,196 4,788,521 4,941,891
Book Value Per Share 2 23,437 25,023 25,966 29,701 30,207 32,059
Cash Flow per Share 2 6,452 2,413 1,231 922.0 2,071 202.0
Capex 1 7,348 5,330 5,206 3,890 3,648 7,770
Capex / Sales 1.49% 1.07% 0.98% 0.38% 0.51% 1.04%
Announcement Date 4/2/19 3/31/20 4/2/21 3/30/22 3/31/23 1/22/24
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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