TIENLEN STEEL CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7,110 VND | 0.00% |
|
+0.14% | -14.13% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 562,637 | 451,921 | 764,945 | 2,083,057 | 655,550 | 930,010 |
| Enterprise Value (EV) 1 | 1,474,451 | 1,607,981 | 1,523,479 | 3,196,643 | 2,012,637 | 2,067,569 |
| P/E ratio | 6.63 x | -3.16 x | 10.1 x | 4.66 x | 121 x | 235 x |
| Yield | - | - | - | 2.45% | - | - |
| Capitalization / Revenue | 0.09 x | 0.08 x | 0.19 x | 0.45 x | 0.12 x | 0.15 x |
| EV / Revenue | 0.25 x | 0.3 x | 0.37 x | 0.69 x | 0.38 x | 0.34 x |
| EV / EBITDA | 6.52 x | -71.2 x | 8.18 x | 5.69 x | 9.39 x | 21.2 x |
| EV / FCF | -13 x | -7.9 x | 3.67 x | -6.82 x | -11.9 x | 9.21 x |
| FCF Yield | -7.69% | -12.7% | 27.2% | -14.7% | -8.37% | 10.9% |
| Price to Book | 0.36 x | 0.31 x | 0.53 x | 1.11 x | 0.35 x | 0.51 x |
| Nbr of stocks (in thousands) | 110,716 | 110,716 | 110,716 | 112,322 | 112,322 | 112,320 |
| Reference price 2 | 5,082 | 4,082 | 6,909 | 18,545 | 5,836 | 8,280 |
| Announcement Date | 3/20/19 | 3/3/20 | 3/5/21 | 2/25/22 | 3/17/23 | 4/1/24 |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,952,454 | 5,395,541 | 4,084,531 | 4,644,781 | 5,324,489 | 6,157,359 |
| EBITDA 1 | 226,137 | -22,585 | 186,160 | 561,802 | 214,452 | 97,741 |
| EBIT 1 | 197,759 | -52,438 | 154,775 | 531,331 | 184,487 | 67,616 |
| Operating Margin | 3.32% | -0.97% | 3.79% | 11.44% | 3.46% | 1.1% |
| Earnings before Tax (EBT) 1 | 115,300 | -144,488 | 95,417 | 547,694 | 26,334 | 19,207 |
| Net income 1 | 84,858 | -142,963 | 75,849 | 442,097 | 5,435 | 3,956 |
| Net margin | 1.43% | -2.65% | 1.86% | 9.52% | 0.1% | 0.06% |
| EPS 2 | 766.4 | -1,291 | 685.1 | 3,983 | 48.39 | 35.22 |
| Free Cash Flow 1 | -113,337 | -203,541 | 414,566 | -468,454 | -168,428 | 224,442 |
| FCF margin | -1.9% | -3.77% | 10.15% | -10.09% | -3.16% | 3.65% |
| FCF Conversion (EBITDA) | - | - | 222.69% | - | - | 229.63% |
| FCF Conversion (Net income) | - | - | 546.56% | - | - | 5,673.7% |
| Dividend per Share | - | - | - | 454.5 | - | - |
| Announcement Date | 3/20/19 | 3/3/20 | 3/5/21 | 2/25/22 | 3/17/23 | 4/1/24 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 911,814 | 1,156,060 | 758,534 | 1,113,586 | 1,357,087 | 1,137,560 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.032 x | -51.19 x | 4.075 x | 1.982 x | 6.328 x | 11.64 x |
| Free Cash Flow 1 | -113,337 | -203,541 | 414,566 | -468,454 | -168,428 | 224,442 |
| ROE (net income / shareholders' equity) | 5.38% | -9.51% | 5.37% | 26.9% | 0.39% | 0.22% |
| ROA (Net income/ Total Assets) | 4.31% | -1.02% | 3.05% | 9.53% | 2.75% | 1.01% |
| Assets 1 | 1,969,956 | 14,003,668 | 2,488,661 | 4,639,242 | 197,848 | 389,775 |
| Book Value Per Share 2 | 14,282 | 12,990 | 13,132 | 16,722 | 16,770 | 16,326 |
| Cash Flow per Share 2 | 800.0 | 1,628 | 1,372 | 555.0 | 1,014 | 2,405 |
| Capex 1 | 22,781 | 27,979 | 10,579 | 6,419 | 2,300 | 61,642 |
| Capex / Sales | 0.38% | 0.52% | 0.26% | 0.14% | 0.04% | 1% |
| Announcement Date | 3/20/19 | 3/3/20 | 3/5/21 | 2/25/22 | 3/17/23 | 4/1/24 |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -14.13% | 31.54M | |
| +0.80% | 41.74B | |
| +20.14% | 24.92B | |
| -19.22% | 22.6B | |
| -4.34% | 21.45B | |
| +15.52% | 21.4B | |
| +7.52% | 20.92B | |
| +7.20% | 9.75B | |
| -12.63% | 8.37B | |
| +31.74% | 8.32B |
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