GKM

Construction

Công ty Cổ phần GKM Holdings

Xây dựng và Vật liệuCT

1.600

VND · Last close

Valuation Verdict

Undervalued

High

−120%Fair Value+120%

Intrinsic Value

12.2k

Current

1.6k

Gap

+500.0%

ModelEV EBITDA DCF BLEND

Valuation Breakdown

CT→Xây dựng và Vật liệu→Construction

Classified as construction because ICB sector "Xây dựng và Vật liệu" maps to the construction group

ModelEV/EBITDA + DCF Blend

Intrinsic = 50% x EV/EBITDA Value + 50% x DCF Value

Construction and industrial firms have characteristics of both cyclical businesses (lumpy project-based revenue) and growth companies (expanding order books). This model blends two approaches 50/50: EV/EBITDA valuation (captures current earning power relative to peers) and FCF-based DCF (captures future cash generation potential). If EV/EBITDA produces a negative value (debt exceeds enterprise value), only DCF is used.

Weighted Avg Cost of Capital

Risk-Free (Rf)

4.50%

Betasector default

1.100

ERP

5.00%

CRP

4.00%

Cost of Equity (Ke)

14.00%

E/(D+E)

74.62%

Kd(1-t)

5.57%

D/(D+E)

25.38%

WACC

11.86%

Growth Estimate

ROIC x Reinvestment2.00%

ROIC

2.87%

Reinvestment Rate

50.00%

Growth

2.00%

Growth decays 12%/yr toward terminal

Model Inputs

Valuation

50%EV/EBITDA Value

14.3k

50%DCF Value

10.0k

Blended Intrinsic

12.2k

Value Decomposition

48%

52%

Explicit period (48%)Terminal value (52%)

Key Ratios

Fiscal year 2025

P/E

7470.65

P/B

0.15

P/S

5.22

ROE

0.0%

ROA

0.0%

EPS

0.21

BVPS

10821.82

Gross Margin

58.0%

Net Margin

0.1%

D/E

0.34

Current Ratio

1.87

Rev Growth

-93.4%

Profit Growth

-99.8%

EV/EBITDA

10.91

Div Yield

0.0%

Company Overview

Issued Shares

31.4M

Charter Capital

314.3B VND

Sector (ICB L2)

Xây dựng và Vật liệu

Industry (ICB L3)

Xây dựng và Vật liệu

Sub-industry

Vật liệu xây dựng & Nội thất

Company Type

Computed 06/03/2026