Asia-Pacific Investment Joint Stock Company

HNX:API Stock Report

Market Cap: ₫597.0b

Asia-Pacific Investment Valuation

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

Below Fair Value: API (₫7100) is trading above our estimate of fair value (₫5794.32)

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


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for API. This is calculated by dividing API's market cap by their current revenue.
What is API's PS Ratio?
PS Ratio3.3x
Sales₫183.11b
Market Cap₫597.00b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for API vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average28.1x
VPH Van Phat Hung
11.2xn/a₫682.8b
NRC Danh Khoi Group
35.3xn/a₫352.8b
HLD HUDLAND Real Estate Investment and Development
36.9xn/a₫540.0b
FDC Foreign Trade Development & Investment Corporation of Ho Chi Minh City
29xn/a₫618.0b
API Asia-Pacific Investment
3.3xn/a₫597.0b

Price-To-Sales vs Peers: API is good value based on its Price-To-Sales Ratio (3.3x) compared to the peer average (28.1x).


Price to Sales Ratio vs Industry

How does API's PS Ratio compare vs other companies in the VN Real Estate Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
VIC Vingroup
1x0.2%US$5.87b
ASM Sao Mai Group
0.3xn/aUS$123.58m
FLC FLC Group
0.8xn/aUS$105.68m
AGG An Gia Real Estate Investment and Development
0.7xn/aUS$92.86m
API 3.3xIndustry Avg. 5.0xNo. of Companies7PS0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: API is good value based on its Price-To-Sales Ratio (3.3x) compared to the VN Real Estate industry average (5x).


Price to Sales Ratio vs Fair Ratio

What is API'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.

API PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate API'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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