Ha Noi - Hai Duong Beer Valuation

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

HAD (₫16500) is trading above our estimate of [[fair value]] (₫15152.24)

Is HAD 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-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: HAD (₫16500) is trading above our estimate of fair value (₫15152.24)

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

Key Valuation Metric

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

Key metric: As HAD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HAD. This is calculated by dividing HAD's market cap by their current earnings.
What is HAD's PE Ratio?
PE Ratio	10.3x
Earnings	₫6.38b
Market Cap	₫66.00b

HAD 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does HAD's PE Ratio compare to its peers?

The above table shows the PE ratio for HAD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	50.5x
THB Ha Noi - Thanh Hoa Beer JSC	42.2x	n/a	₫131.4b
HKT Ego Vietnam Investment	73.3x	n/a	₫52.8b
BHN Hanoi Beer Alcohol and Beverage	27.3x	n/a	₫8.9t
VHE Vietnam Herbs and Foods	59.1x	n/a	₫96.1b
HAD Ha Noi - Hai Duong Beer	10.3x	n/a	₫66.0b

Price-To-Earnings vs Peers: HAD is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (50.5x).

Price to Earnings Ratio vs Industry

How does HAD's PE Ratio compare vs other companies in the Asian Beverage Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: HAD is good value based on its Price-To-Earnings Ratio (10.3x) compared to the Asian Beverage industry average (19x).

Price to Earnings Ratio vs Fair Ratio

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

HAD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HAD's Price-To-Earnings 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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