TNB.VN
VNSTEEL-Nha Be Steel JSC
Price:  
9,100 
VND
Volume:  
2,800
Viet Nam | Manufacturing

TNB.VN DCF Valuation - Growth Exit 5Y

261.9 %
Upside

What is the DCF valuation of TNB.VN?

The Discounted Cash Flow (DCF) valuation of VNSTEEL-Nha Be Steel JSC (TNB.VN) is 32,931 VND. With the latest stock price at 9,100.00 VND, the upside of VNSTEEL-Nha Be Steel JSC based on DCF is 261.9%.

Is TNB.VN a buy or a sell?

Based on the latest price of 9,100.00 VND and our DCF valuation, VNSTEEL-Nha Be Steel JSC (TNB.VN) is a buy. Buying TNB.VN stocks now will result in a potential gain of 261.9%.

Range Selected
WACC / Discount Rate8.6% - 11.6%10.1%
Long-term Growth Rate 1.0% - 3.0%2.0%
Fair Price25,987.78 - 46,104.432,931.33
Upside185.6% - 406.6%261.9%
9,100.00 VND
Stock Price
32,931 VND
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

TNB.VN DCF Valuation: Revenue & Expenses Forecast

(VND in millions)Projections
12-202412-202512-202612-202712-202812-2029
Revenue1,391,4321,173,3111,227,1151,281,3081,310,7981,386,927
% Growth
4%-16%5%4%2%6%
Cost of goods sold(1,333,154)(1,101,685)(1,129,160)(1,155,447)(1,158,400)(1,201,164)
% of Revenue96%94%92%90%88%87%
Selling, G&A expenses(42,920)(36,192)(37,851)(39,523)(40,432)(42,781)
% of Revenue3%3%3%3%3%3%
Research & Development000000
% of Revenue0%0%0%0%0%0%
Net interest & other expenses(12,405)(10,461)(10,940)(11,423)(11,686)(12,365)
% of Revenue1%1%1%1%1%1%
Tax expense(1,019)(5,059)(9,959)(15,176)(20,314)(26,460)
Tax rate34%20%20%20%20%20%
Net profit1,93519,91539,20459,73979,966104,158
% Margin0%2%3%5%6%8%