Power Engineering Consulting JSC 2 (VN:TV2)

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Price: 31 250 VND 1.3%

Market Cap: 2.1T VND

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Section:

Relative Value

The Relative Value of one TV2 stock under the Base Case scenario is 59 241.13 VND. Compared to the current market price of 31 250 VND, Power Engineering Consulting JSC 2 is Undervalued by 47%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

TV2 Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

1.5

P/S

vs History	28
vs Industry	21

Median 5Y

0.7

Industry

0.8

Forward

1.5

More Details

38.9

P/E

vs History	28
vs Industry	11

Median 5Y

9.4

Industry

15.3

Forward

33.9

More Details

Negative

P/OCF

vs History
vs Industry

Median 5Y

-35.1

Industry

8.9

More Details

Negative

P/FCFE

vs History
vs Industry	7

Median 5Y

-69.9

Industry

13.1

More Details

1.7

P/B

vs History	34
vs Industry	29

Median 5Y

1.3

Industry

1.2

More Details

1.5

EV/S

vs History	26
vs Industry	25

Median 5Y

0.6

Industry

Forward

1.5

More Details

8.5

EV/GP

vs History	28
vs Industry	24

Median 5Y

Industry

5.2

More Details

17.1

EV/EBITDA

vs History	26
vs Industry	16

Median 5Y

6.5

Industry

9.7

Forward

1.7

More Details

27.6

EV/EBIT

vs History	28
vs Industry	11

Median 5Y

7.6

Industry

12.4

Forward

24.9

More Details

Negative

EV/OCF

vs History
vs Industry

Median 5Y

-34.3

Industry

10.1

More Details

Negative

EV/FCFF

vs History
vs Industry

Median 5Y

-97.3

Industry

12.6

More Details

1.3

EV/IC

vs History	33
vs Industry	25

Median 5Y

Industry

0.8

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
VN	P	Power Engineering Consulting JSC 2 VN:TV2	2.1T VND	1.5	38.9	17.1	27.6
IN		Larsen and Toubro Ltd F:LTO	56.9B EUR	2.1	37.3	21.5	25.5
IN		Larsen & Toubro Ltd NSE:LT	5T INR	2.1	37	21.3	25.3
FR		Vinci SA PAR:DG	56.2B EUR	0.8	12.2	6.2	9.1
US		Quanta Services Inc NYSE:PWR	47.4B USD	2.1	58.5	26.8	42.5
CN	C	China State Construction Engineering Corp Ltd SSE:601668	249.7B CNY	0.1	5	7.4	7.4
NL		Ferrovial SE AEX:FER	29.2B EUR	3.3	38.6	30.9	47.5
ES		Ferrovial SA MAD:FER	29.2B EUR	3.3	38.6	30.9	47.5
CA		WSP Global Inc TSX:WSP	31.6B CAD	2.1	48.9	16.6	25.9
US		EMCOR Group Inc NYSE:EME	21.1B USD	1.5	22.8	14.6	16.1
CN		China Railway Group Ltd SSE:601390	140.8B CNY	0.1	4.9	10.7	10.7

				Revenue Growth	P/S to Growth
VN	P	Power Engineering Consulting JSC 2 VN:TV2	Average P/S: 1.7 1.5	254%	0
IN		Larsen and Toubro Ltd F:LTO	2.1	56%	0
IN		Larsen & Toubro Ltd NSE:LT	2.1	56%	0
FR		Vinci SA PAR:DG	0.8	13%	0.1
US		Quanta Services Inc NYSE:PWR	2.1	42%	0
CN	C	China State Construction Engineering Corp Ltd SSE:601668	0.1	12%	0
NL		Ferrovial SE AEX:FER	3.3	14%	0.2
ES		Ferrovial SA MAD:FER	3.3	14%	0.2
CA		WSP Global Inc TSX:WSP	2.1	6%	0.3
US		EMCOR Group Inc NYSE:EME	1.5	33%	0
CN		China Railway Group Ltd SSE:601390	0.1	6%	0

				Earnings Growth	P/E to Growth
VN	P	Power Engineering Consulting JSC 2 VN:TV2	Average P/E: 31.2 38.9	206%	0.2
IN		Larsen and Toubro Ltd F:LTO	37.3	82%	0.5
IN		Larsen & Toubro Ltd NSE:LT	37	82%	0.5
FR		Vinci SA PAR:DG	12.2	20%	0.6
US		Quanta Services Inc NYSE:PWR	58.5	134%	0.4
CN	C	China State Construction Engineering Corp Ltd SSE:601668	5	8%	0.6
NL		Ferrovial SE AEX:FER	38.6	64%	0.6
ES		Ferrovial SA MAD:FER	38.6	64%	0.6
CA		WSP Global Inc TSX:WSP	48.9	157%	0.3
US		EMCOR Group Inc NYSE:EME	22.8	79%	0.3
CN		China Railway Group Ltd SSE:601390	4.9	1%	7.2

				EBITDA Growth	EV/EBITDA to Growth
VN	P	Power Engineering Consulting JSC 2 VN:TV2	Average EV/EBITDA: 18.5 17.1	100%	0.2
IN		Larsen and Toubro Ltd F:LTO	21.5	71%	0.3
IN		Larsen & Toubro Ltd NSE:LT	21.3	71%	0.3
FR		Vinci SA PAR:DG	6.2	19%	0.3
US		Quanta Services Inc NYSE:PWR	26.8	72%	0.4
CN	C	China State Construction Engineering Corp Ltd SSE:601668	7.4	34%	0.2
NL		Ferrovial SE AEX:FER	30.9	68%	0.5
ES		Ferrovial SA MAD:FER	30.9	68%	0.5
CA		WSP Global Inc TSX:WSP	16.6	42%	0.4
US		EMCOR Group Inc NYSE:EME	14.6	60%	0.2
CN		China Railway Group Ltd SSE:601390	10.7	40%	0.3

				EBIT Growth	EV/EBIT to Growth
VN	P	Power Engineering Consulting JSC 2 VN:TV2	Average EV/EBIT: 25.9 27.6	178%	0.2
IN		Larsen and Toubro Ltd F:LTO	25.5	79%	0.3
IN		Larsen & Toubro Ltd NSE:LT	25.3	79%	0.3
FR		Vinci SA PAR:DG	9.1	25%	0.4
US		Quanta Services Inc NYSE:PWR	42.5	84%	0.5
CN	C	China State Construction Engineering Corp Ltd SSE:601668	7.4	22%	0.3
NL		Ferrovial SE AEX:FER	47.5	106%	0.4
ES		Ferrovial SA MAD:FER	47.5	106%	0.4
CA		WSP Global Inc TSX:WSP	25.9	69%	0.4
US		EMCOR Group Inc NYSE:EME	16.1	56%	0.3
CN		China Railway Group Ltd SSE:601390	10.7	15%	0.7

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Power Engineering Consulting JSC 2
VN:TV2

Relative Value

Valuation Multiples

Multiples Across Competitors

TV2 Competitors Multiples
Power Engineering Consulting JSC 2 Competitors

See Also

Company

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52 Week Range	27 300 53 100
Price Target

Power Engineering Consulting JSC 2 VN:TV2

Relative Value

Valuation Multiples

Multiples Across Competitors

TV2 Competitors Multiples Power Engineering Consulting JSC 2 Competitors

See Also

Company

Help

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Power Engineering Consulting JSC 2
VN:TV2

TV2 Competitors Multiples
Power Engineering Consulting JSC 2 Competitors