The Discounted Cash Flow (DCF) valuation of Thai Nguyen Iron And Steel Joint Stock Corp (TIS.VN) is 22,995 VND. With the latest stock price at 5,400.00 VND, the upside of Thai Nguyen Iron And Steel Joint Stock Corp based on DCF is 325.8%.
Based on the latest price of 5,400.00 VND and our DCF valuation, Thai Nguyen Iron And Steel Joint Stock Corp (TIS.VN) is a buy. Buying TIS.VN stocks now will result in a potential gain of 325.8%.
Range | Selected | |
WACC / Discount Rate | 4.8% - 15.6% | 10.2% |
Long-term Growth Rate | 1.0% - 3.0% | 2.0% |
Fair Price | 2,111.67 - 190,032.05 | 22,995.87 |
Upside | -60.9% - 3419.1% | 325.8% |
(VND in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 10,601,238 | 11,042,867 | 11,263,724 | 11,704,173 | 11,938,257 | 12,435,583 |
% Growth | 11% | 4% | 2% | 4% | 2% | 4% |
Cost of goods sold | (10,260,736) | (10,474,417) | (10,470,227) | (10,662,055) | (10,657,790) | (10,879,739) |
% of Revenue | 97% | 95% | 93% | 91% | 89% | 87% |
Selling, G&A expenses | (269,869) | (281,111) | (286,733) | (297,946) | (303,904) | (316,565) |
% of Revenue | 3% | 3% | 3% | 3% | 3% | 3% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (66,408) | (69,175) | (70,558) | (73,317) | (74,783) | (77,899) |
% of Revenue | 1% | 1% | 1% | 1% | 1% | 1% |
Tax expense | (11,899) | (48,533) | (97,039) | (149,240) | (200,611) | (258,363) |
Tax rate | 282% | 22% | 22% | 22% | 22% | 22% |
Net profit | (7,675) | 169,631 | 339,167 | 521,616 | 701,167 | 903,018 |
% Margin | 0% | 2% | 3% | 4% | 6% | 7% |