TRA.VN
Traphaco JSC
Price:  
73.5 
VND
Volume:  
100
Viet Nam | Pharmaceuticals

TRA.VN DCF Valuation - Growth Exit 5Y

16.2 %
Upside

What is the DCF valuation of TRA.VN?

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%.

Is TRA.VN a buy or a sell?

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 Rate7.8% - 10.9%9.3%
Long-term Growth Rate 2.0% - 4.0%3.0%
Fair Price62.64 - 138.8385.44
Upside-14.8% - 88.9%16.2%
73.50 VND
Stock Price
85.44 VND
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

TRA.VN DCF Valuation: Revenue & Expenses Forecast

(VND in millions)Projections
12-202412-202512-202612-202712-202812-2029
Revenue2,336,8902,368,5122,573,7912,799,8863,048,6093,220,701
% 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 Revenue48%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 Revenue38%38%38%38%38%38%
Research & Development000000
% of Revenue0%0%0%0%0%0%
Net interest & other expenses(4,224)(4,281)(4,652)(5,061)(5,510)(5,821)
% of Revenue0%0%0%0%0%0%
Tax expense(67,283)(66,922)(72,723)(79,111)(86,138)(91,001)
Tax rate21%20%20%20%20%20%
Net profit257,358262,111284,828309,849337,374356,419
% Margin11%11%11%11%11%11%