Vinacomin - Nui Beo Coal JSC Valuation

Q: What is the Fair Price of NBC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NBC (₫9200) is trading above our estimate of [[fair value]] (₫2996.75)

Is NBC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NBC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NBC (₫9200) is trading above our estimate of fair value (₫2996.75)

Significantly Below Fair Value: NBC is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NBC?

Key metric: As NBC is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NBC. This is calculated by dividing NBC's market cap by their current revenue.
What is NBC's PS Ratio?
PS Ratio	0.2x
Sales	₫2.20t
Market Cap	₫336.69b

NBC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.7x
Enterprise Value/EBITDA	4.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does NBC's PS Ratio compare to its peers?

The above table shows the PS ratio for NBC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.2x
HLC Vinacomin - HaLam Coal	0.1x	n/a	₫310.1b
THT Vinacomin - Ha Tu Coal JSC	0.07x	n/a	₫299.7b
PVG Petro VietnamG	0.05x	n/a	₫268.0b
HTC HocMon Trade	0.5x	n/a	₫442.2b
NBC Vinacomin - Nui Beo Coal JSC	0.2x	n/a	₫336.7b

Price-To-Sales vs Peers: NBC is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does NBC's PS Ratio compare vs other companies in the VN Oil and Gas Industry?

5 Companies	Price / Sales	Estimated Growth	Market Cap
TDN Vinacomin - DeoNai Coal JSC	0.08x	n/a	US$12.40m
THT Vinacomin - Ha Tu Coal JSC	0.07x	n/a	US$11.69m
PVG Petro VietnamG	0.05x	n/a	US$10.45m
ASP An Pha Petroleum Group	0.04x	n/a	US$5.96m

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: NBC is good value based on its Price-To-Sales Ratio (0.2x) compared to the Asian Oil and Gas industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is NBC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NBC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate NBC's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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