Viet Nam Construction and Import Export Joint Stock Corp (VN:VCG)

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Price: 18 200 VND 5.51%

Market Cap: 10.9T VND

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Section:

Relative Value

The Relative Value of one VCG stock under the Base Case scenario is 3 583.67 VND. Compared to the current market price of 18 200 VND, Viet Nam Construction and Import Export Joint Stock Corp is Overvalued by 80%.

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?

VCG Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.9

P/S

vs History	95
vs Industry	45

Median 5Y

Industry

0.8

Forward

1 006.3

More Details

12.8

P/E

vs History	95
vs Industry	40

Median 5Y

206.8

Industry

15.3

Forward

7.6

More Details

P/OCF

vs History	53
vs Industry	53

Median 5Y

Industry

8.9

More Details

Negative

P/FCFE

vs History
vs Industry

Median 5Y

-7.6

Industry

13.1

More Details

1.4

P/B

vs History	95
vs Industry	35

Median 5Y

15.2

Industry

1.2

More Details

1.3

EV/S

vs History	95
vs Industry	37

Median 5Y

13.1

Industry

Forward

1 437.8

More Details

10.6

EV/GP

vs History	95
vs Industry	21

Median 5Y

110.1

Industry

5.2

More Details

8.5

EV/EBITDA

vs History	95
vs Industry	41

Median 5Y

73.4

Industry

9.7

Forward

6 815.2

More Details

10.5

EV/EBIT

vs History	95
vs Industry	40

Median 5Y

88.7

Industry

12.4

Forward

13 738.8

More Details

4.3

EV/OCF

vs History	53
vs Industry	48

Median 5Y

4.3

Industry

10.1

More Details

4.9

EV/FCFF

vs History	34
vs Industry	40

Median 5Y

-36

Industry

12.6

More Details

0.6

EV/IC

vs History	95
vs Industry	54

Median 5Y

4.2

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	V	Viet Nam Construction and Import Export Joint Stock Corp VN:VCG	10.9T VND	0.9	12.8	8.5	10.5
IN		Larsen and Toubro Ltd F:LTO	56.9B EUR	2.1	37.3	21.4	25.5
IN		Larsen & Toubro Ltd NSE:LT	5T INR	2.1	37	21.3	25.3
FR		Vinci SA PAR:DG	56B EUR	0.8	12.2	6.2	9.1
US		Quanta Services Inc NYSE:PWR	48.1B USD	2.1	59.4	27.2	43.2
CN	C	China State Construction Engineering Corp Ltd SSE:601668	252.2B CNY	0.1	5	7.4	7.4
ES		Ferrovial SA MAD:FER	29.5B EUR	3.3	39.1	31.2	48
NL		Ferrovial SE AEX:FER	29.4B EUR	3.3	38.9	31.1	47.8
CA		WSP Global Inc TSX:WSP	31.7B CAD	2.1	49.2	16.6	26
US		EMCOR Group Inc NYSE:EME	21.3B USD	1.5	23	14.8	16.3
CN		China Railway Group Ltd SSE:601390	142.7B CNY	0.1	5	10.7	10.7

				Revenue Growth	P/S to Growth
VN	V	Viet Nam Construction and Import Export Joint Stock Corp VN:VCG	Average P/S: 1.7 0.9	-100%	N/A
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
ES		Ferrovial SA MAD:FER	3.3	14%	0.2
NL		Ferrovial SE AEX: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	V	Viet Nam Construction and Import Export Joint Stock Corp VN:VCG	Average P/E: 29 12.8	548%	0
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	59.4	134%	0.4
CN	C	China State Construction Engineering Corp Ltd SSE:601668	5	8%	0.6
ES		Ferrovial SA MAD:FER	39.1	64%	0.6
NL		Ferrovial SE AEX:FER	38.9	64%	0.6
CA		WSP Global Inc TSX:WSP	49.2	157%	0.3
US		EMCOR Group Inc NYSE:EME	23	79%	0.3
CN		China Railway Group Ltd SSE:601390	5	1%	7.3

				EBITDA Growth	EV/EBITDA to Growth
VN	V	Viet Nam Construction and Import Export Joint Stock Corp VN:VCG	Average EV/EBITDA: 17.8 8.5	-100%	N/A
IN		Larsen and Toubro Ltd F:LTO	21.4	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	27.2	72%	0.4
CN	C	China State Construction Engineering Corp Ltd SSE:601668	7.4	34%	0.2
ES		Ferrovial SA MAD:FER	31.2	68%	0.5
NL		Ferrovial SE AEX:FER	31.1	68%	0.5
CA		WSP Global Inc TSX:WSP	16.6	42%	0.4
US		EMCOR Group Inc NYSE:EME	14.8	60%	0.2
CN		China Railway Group Ltd SSE:601390	10.7	40%	0.3

				EBIT Growth	EV/EBIT to Growth
VN	V	Viet Nam Construction and Import Export Joint Stock Corp VN:VCG	Average EV/EBIT: 24.5 10.5	-100%	N/A
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	43.2	84%	0.5
CN	C	China State Construction Engineering Corp Ltd SSE:601668	7.4	22%	0.3
ES		Ferrovial SA MAD:FER	48	106%	0.5
NL		Ferrovial SE AEX:FER	47.8	106%	0.5
CA		WSP Global Inc TSX:WSP	26	69%	0.4
US		EMCOR Group Inc NYSE:EME	16.3	56%	0.3
CN		China Railway Group Ltd SSE:601390	10.7	15%	0.7

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Viet Nam Construction and Import Export Joint Stock Corp
VN:VCG

Relative Value

Valuation Multiples

Multiples Across Competitors

VCG Competitors Multiples
Viet Nam Construction and Import Export Joint Stock Corp Competitors

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Company

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52 Week Range	16 400 89 920.5166
Price Target

Viet Nam Construction and Import Export Joint Stock Corp VN:VCG

Relative Value

Valuation Multiples

Multiples Across Competitors

VCG Competitors Multiples Viet Nam Construction and Import Export Joint Stock Corp Competitors

See Also

Company

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Tools

Stocks

Viet Nam Construction and Import Export Joint Stock Corp
VN:VCG

VCG Competitors Multiples
Viet Nam Construction and Import Export Joint Stock Corp Competitors