An Pha Petroleum Group Valuation

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

ASP (₫4140) is trading below our estimate of [[fair value]] (₫4694.99)

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

Valuation Score

3/6

Valuation Score 3/6

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 ASP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASP (₫4140) is trading below our estimate of fair value (₫4694.99)

Significantly Below Fair Value: ASP is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ASP. This is calculated by dividing ASP's market cap by their current revenue.
What is ASP's PS Ratio?
PS Ratio	0.04x
Sales	₫3.74t
Market Cap	₫153.09b

ASP 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	0.2x
Enterprise Value/EBITDA	-20x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ASP 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
PJC Petrolimex Hanoi Transportation and Trading	0.2x	n/a	₫211.7b
PVG Petro VietnamG	0.05x	n/a	₫268.0b
PTS Hai Phong Petrolimex Transportation and Services	0.1x	n/a	₫44.5b
GSP International Gas Product Shipping	0.4x	n/a	₫788.7b
ASP An Pha Petroleum Group	0.04x	n/a	₫153.1b

Price-To-Sales vs Peers: ASP is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

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

5 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.8x	-1.6%
ASP An Pha Petroleum Group	0.04x	n/a	US$5.97m
TDN Vinacomin - DeoNai Coal JSC	0.08x	n/a	US$12.40m
THT Vinacomin - Ha Tu Coal JSC	0.07x	n/a	US$11.50m

5 Companies		Estimated Growth	Market Cap
Industry Avg.	0.8x	3.5%
ASP An Pha Petroleum Group	0.04x	n/a	US$5.97m

No more companies

Price-To-Sales vs Industry: ASP is good value based on its Price-To-Sales Ratio (0x) compared to the Asian Oil and Gas industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is ASP'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.

ASP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.04x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ASP'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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Petrolimex Hanoi Transportation and Trading

₫211.7b

Petrolimex Hanoi Transportation and Trading Joint Stock Company transports petroleum, goods, and passengers.

PJC

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Petrovietnam Oil Phu Yen

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