The Discounted Cash Flow (DCF) valuation of Traphaco JSC (TRA.VN) is 85.44 VND. With the latest stock price at 73.50 VND, the upside of Traphaco JSC based on DCF is 16.2%.
Based on the latest price of 73.50 VND and our DCF valuation, Traphaco JSC (TRA.VN) is a buy. Buying TRA.VN stocks now will result in a potential gain of 16.2%.
Range | Selected | |
WACC / Discount Rate | 7.8% - 10.9% | 9.3% |
Long-term Growth Rate | 2.0% - 4.0% | 3.0% |
Fair Price | 62.64 - 138.83 | 85.44 |
Upside | -14.8% - 88.9% | 16.2% |
(VND in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 2,336,890 | 2,368,512 | 2,573,791 | 2,799,886 | 3,048,609 | 3,220,701 |
% Growth | 2% | 1% | 9% | 9% | 9% | 6% |
Cost of goods sold | (1,110,765) | (1,125,796) | (1,223,368) | (1,330,835) | (1,449,058) | (1,530,856) |
% of Revenue | 48% | 48% | 48% | 48% | 48% | 48% |
Selling, G&A expenses | (897,260) | (909,402) | (988,219) | (1,075,030) | (1,170,528) | (1,236,604) |
% of Revenue | 38% | 38% | 38% | 38% | 38% | 38% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (4,224) | (4,281) | (4,652) | (5,061) | (5,510) | (5,821) |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Tax expense | (67,283) | (66,922) | (72,723) | (79,111) | (86,138) | (91,001) |
Tax rate | 21% | 20% | 20% | 20% | 20% | 20% |
Net profit | 257,358 | 262,111 | 284,828 | 309,849 | 337,374 | 356,419 |
% Margin | 11% | 11% | 11% | 11% | 11% | 11% |