577 INVESTMENT CORPORATION Financials 577 Investment Corporation
Equities
NBB
VN000000NBB3
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 23,550 VND | -4.85% |
|
+1.95% | +9.28% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,987,616 | 1,866,425 | 1,897,560 | 4,463,024 | 1,287,053 | 2,158,444 |
| Enterprise Value (EV) 1 | 2,237,432 | 2,003,724 | 2,348,744 | 5,611,651 | 4,398,089 | 5,679,083 |
| P/E ratio | 14.1 x | 5.76 x | 7.59 x | 15 x | 226 x | 1,191 x |
| Yield | - | 12.5% | 10.3% | - | - | - |
| Capitalization / Revenue | 1.74 x | 5.65 x | 0.54 x | 7.9 x | 2.76 x | 7.37 x |
| EV / Revenue | 1.96 x | 6.06 x | 0.67 x | 9.93 x | 9.43 x | 19.4 x |
| EV / EBITDA | 10.2 x | 39.5 x | 3.78 x | 28.9 x | 23 x | 88.3 x |
| EV / FCF | 8.3 x | 8.72 x | 4.2 x | -67.4 x | -2.99 x | 16.9 x |
| FCF Yield | 12% | 11.5% | 23.8% | -1.48% | -33.4% | 5.93% |
| Price to Book | 1.04 x | 0.87 x | 1.08 x | 2.46 x | 0.71 x | 1.19 x |
| Nbr of stocks (in thousands) | 97,432 | 93,321 | 78,250 | 99,844 | 100,160 | 100,160 |
| Reference price 2 | 20,400 | 20,000 | 24,250 | 44,700 | 12,850 | 21,550 |
| Announcement Date | 4/18/19 | 4/3/20 | 3/19/21 | 3/23/22 | 3/28/23 | 3/29/24 |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,139,374 | 330,585 | 3,500,670 | 565,232 | 466,362 | 293,036 |
| EBITDA 1 | 219,327 | 50,739 | 621,227 | 194,440 | 191,295 | 64,315 |
| EBIT 1 | 209,653 | 43,440 | 612,659 | 185,658 | 181,275 | 54,184 |
| Operating Margin | 18.4% | 13.14% | 17.5% | 32.85% | 38.87% | 18.49% |
| Earnings before Tax (EBT) 1 | 195,349 | 432,648 | 457,606 | 420,875 | 23,650 | 35,970 |
| Net income 1 | 152,906 | 347,212 | 327,341 | 314,412 | 6,004 | 1,908 |
| Net margin | 13.42% | 105.03% | 9.35% | 55.63% | 1.29% | 0.65% |
| EPS 2 | 1,448 | 3,472 | 3,196 | 2,982 | 56.94 | 18.09 |
| Free Cash Flow 1 | 269,438 | 229,860 | 559,513 | -83,273 | -1,470,804 | 336,620 |
| FCF margin | 23.65% | 69.53% | 15.98% | -14.73% | -315.38% | 114.87% |
| FCF Conversion (EBITDA) | 122.85% | 453.03% | 90.07% | - | - | 523.39% |
| FCF Conversion (Net income) | 176.21% | 66.2% | 170.93% | - | - | 17,644.9% |
| Dividend per Share | - | 2,500 | 2,500 | - | - | - |
| Announcement Date | 4/18/19 | 4/3/20 | 3/19/21 | 3/23/22 | 3/28/23 | 3/29/24 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 249,816 | 137,299 | 451,184 | 1,148,627 | 3,111,036 | 3,520,639 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.139 x | 2.706 x | 0.7263 x | 5.907 x | 16.26 x | 54.74 x |
| Free Cash Flow 1 | 269,438 | 229,860 | 559,513 | -83,273 | -1,470,804 | 336,620 |
| ROE (net income / shareholders' equity) | 7.73% | 16.4% | 17% | 17.4% | 0.39% | 0.06% |
| ROA (Net income/ Total Assets) | 2.59% | 0.5% | 7.85% | 2.74% | 2.11% | 0.51% |
| Assets 1 | 5,893,240 | 69,000,853 | 4,172,186 | 11,467,763 | 285,108 | 374,582 |
| Book Value Per Share 2 | 19,658 | 23,085 | 22,472 | 18,205 | 18,104 | 18,120 |
| Cash Flow per Share 2 | 1,340 | 1,495 | 863.0 | 301.0 | 121.0 | 158.0 |
| Capex 1 | 289 | 106,464 | 7,519 | 9,871 | 3,865 | 39.4 |
| Capex / Sales | 0.03% | 32.2% | 0.21% | 1.75% | 0.83% | 0.01% |
| Announcement Date | 4/18/19 | 4/3/20 | 3/19/21 | 3/23/22 | 3/28/23 | 3/29/24 |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +9.28% | 93.11M | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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