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Consumer sector

A32

Consumer
Công ty Cổ phần 32
Hàng cá nhân & Gia dụng/Hàng cá nhânCT
33.100
VND · Last close
Valuation Verdict
Undervalued
Low
-120%Fair Value+120%
Intrinsic Value
124.738
Current
33.100
Gap
+276.9%
ModelFCF DCF

Valuation Breakdown

CTHàng cá nhân & Gia dụngConsumer
Classified as consumer because ICB sector "Hàng cá nhân & Gia dụng" maps to the consumer group
ModelFCF-Based DCF
Value = Sum of [FCF / (1+WACC)^t] + Terminal Value / (1+WACC)^n

A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.

1
Weighted Avg Cost of Capital
Risk-Free (Rf)
4.50%
+
Betasector default
0.800
x
ERP
4.25%
+
CRP
2.75%
=
Cost of Equity (Ke)
10.10%
Ke
10.10%
x
E/(D+E)
43.93%
+
Kd(1-t)
6.78%
x
D/(D+E)
56.07%
=
WACC
10.00%
2
Growth Estimate
fundamental firm blend6.84%
Growth decays 10%/yr toward terminal
3
Model Inputs
Base FCF40.08B
Projection years10
4
Valuation
Base FCF
40.08B
Growth Rate
6.84%
WACC
10.00%
Terminal Growth
4.00%
DCF Value
124.738
Value Decomposition
43%
57%
Explicit period (43%)Terminal value (57%)

Valuation Track Record

Retroactive intrinsic value vs actual close price — A32

Earnings Quality

Fiscal year 2024

80
Good
Accrual Quality
80
Cash Conversion
100
Receivables
100
Margin Stability
100
Revenue Quality
0

Quantitative Scores

F-Score
7/9
Strong
Z-Score
2.58
Grey Zone
Sharpe
-0.08
Negative
Composite
78
Strong
Price Risk
Momentum
+4.4%
Volatility
40.2%
Max Drawdown
-19.0%

Key Ratios

Fiscal year 2024
15.50P/E
P/B1.07
P/S0.33
ROE17.7%
ROA7.8%
EPS5774.87
BVPS32524.82
Gross Margin9.9%
Net Margin5.4%
D/E1.24
Current Ratio1.35
Rev Growth1.0%
Profit Growth-0.9%
EV/EBITDA3.86
Div Yield6.3%

Company Overview

Issued Shares
6.8M
Charter Capital
68.0B VND
Sector (ICB L2)
Hàng cá nhân & Gia dụng
Industry (ICB L3)
Hàng cá nhân
Sub-industry
Giầy dép
Company Type
CT

// OWNERSHIP_NETWORK

> mapping common ownership for A32 — hover nodes for intel, click to navigate

Shareholders
Bộ Quốc Phòng
State
51.0%
3.5 trieu
Vũ Thị Luyến
Indiv
2.7%
251.130
Trương Thị Thịnh
Indiv
2.7%
182.895
Nguyễn Thế Anh
Indiv
2.5%
173.300
Vũ Xuân Tạo
Indiv
1.4%
92.800
Ngô Thành Thắng
Indiv
0.3%
19.100
Trần Thị Bình
Indiv
0.1%
9.100
Hà Ngọc Oanh
Indiv
0.1%
8.500
Board & Management
Nguyễn Thế Anh2.5%
Chủ tịch Hội đồng Quản trị
Ngô Thành Thắng0.3%
Tổng Giám đốc/Phó Chủ tịch Hội đồng Quản trị
Trần Thị Bình0.1%
Thành viên Hội đồng Quản trị/Kế toán trưởng
Hà Ngọc Oanh0.1%
Trưởng Ban kiểm soát
Đặng Thị Thúy Hà
Thành viên Ban kiểm soát
Phạm Văn Hà
Phó Tổng Giám đốc
Dương Hoài Nam
Thành viên Ban kiểm soát
Trần Bá Thượng
Thành viên Hội đồng Quản trị
Computed 12/04/2026
Methodology & Disclosure

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