Financials Apax Holdings

Equities

IBC

VN000000IBC1

Miscellaneous Educational Service Providers

End-of-day quote Ho Chi Minh S.E. 06:00:00 2023-09-14 pm EDT 5-day change 1st Jan Change
1,770 VND -6.84% Intraday chart for Apax Holdings -.--% -.--%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021
Capitalization 1 1,777,104 1,653,120 1,648,113 1,827,610 1,696,273
Enterprise Value (EV) 1 1,710,994 1,592,895 1,713,090 2,686,937 2,796,807
P/E ratio 7.83 x 28.3 x 38 x 29.9 x 14.9 x
Yield 3.88% 3.75% - - -
Capitalization / Revenue 3.24 x 1.58 x 0.99 x 0.94 x 0.98 x
EV / Revenue 3.11 x 1.52 x 1.02 x 1.38 x 1.61 x
EV / EBITDA 12.2 x 6.9 x 6.82 x 11 x 14.3 x
EV / FCF 121,693,000 x 25,625,256 x 5,778,597 x -2,541,433 x -7,332,549 x
FCF Yield 0% 0% 0% -0% -0%
Price to Book 1.87 x 1.76 x 2.18 x 2.23 x 1.85 x
Nbr of stocks (in thousands) 76,457 76,457 81,590 81,590 83,151
Reference price 2 23,243 21,622 20,200 22,400 20,400
Announcement Date 3/13/18 4/3/19 3/17/20 6/4/21 2/22/22
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net sales 1 14,349 549,325 1,045,127 1,672,134 1,951,190 1,733,836
EBITDA 1 -696.3 140,127 230,876 251,220 244,097 194,965
EBIT 1 -733.3 90,454 132,088 120,418 62,578 2,094
Operating Margin -5.11% 16.47% 12.64% 7.2% 3.21% 0.12%
Earnings before Tax (EBT) 1 14,756 197,886 125,995 103,850 99,216 152,559
Net income 1 11,865 160,216 58,489 39,485 61,138 112,265
Net margin 82.69% 29.17% 5.6% 2.36% 3.13% 6.47%
EPS 2 1,696 2,970 765.0 532.0 749.3 1,368
Free Cash Flow - 14,060 62,161 296,454 -1,057,253 -381,424
FCF margin - 2.56% 5.95% 17.73% -54.19% -22%
FCF Conversion (EBITDA) - 10.03% 26.92% 118.01% - -
FCF Conversion (Net income) - 8.78% 106.28% 750.81% - -
Dividend per Share - 900.9 810.8 - - -
Announcement Date 3/13/18 3/13/18 4/3/19 3/17/20 6/4/21 2/22/22
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net Debt 1 - - - 64,977 859,327 1,100,534
Net Cash position 1 2,225 66,110 60,225 - - -
Leverage (Debt/EBITDA) - - - 0.2586 x 3.52 x 5.645 x
Free Cash Flow - 14,060 62,161 296,454 -1,057,253 -381,424
ROE (net income / shareholders' equity) - 23.5% 7.28% 6.44% 7.5% 7.35%
ROA (Net income/ Total Assets) - 5.15% 4% 2.91% 1.26% 0.03%
Assets 1 - 3,109,545 1,461,689 1,355,931 4,838,048 340,198,473
Book Value Per Share 2 46,676 12,434 12,290 9,280 10,029 11,021
Cash Flow per Share 2 320.0 3,541 6,266 6,499 2,493 8,382
Capex 1 370 359,069 117,330 642,901 170,215 34,204
Capex / Sales 2.58% 65.37% 11.23% 38.45% 8.72% 1.97%
Announcement Date 3/13/18 3/13/18 4/3/19 3/17/20 6/4/21 2/22/22
1VND in Million2VND
Estimates
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