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HLC
CyclicalsCông ty Cổ phần Than Hà Lầm - Vinacomin
Tài nguyên Cơ bản/Khai khoángCT
11.900
VND · Last close
Valuation Verdict
Undervalued
−120%Fair Value+120%
Intrinsic Value
120.0k
Current
11.9k
Gap
+500.0%
ModelEV EBITDA MIDCYCLE
Valuation Breakdown
CT→Tài nguyên Cơ bản→Cyclical
Classified as cyclical because ICB sector "Tài nguyên Cơ bản" maps to the cyclical group
ModelEV/EBITDA Mid-Cycle
Equity Value = Mid-Cycle EBITDA x Fair EV/EBITDA - Net DebtCyclical companies (chemicals, oil & gas, basic resources) have earnings that swing dramatically with commodity prices and economic cycles. Valuing them on a single year's earnings is misleading: they look cheap at peaks and expensive at troughs. This model uses 7-year median EBITDA ("mid-cycle" earnings) and a 7-year median EV/EBITDA multiple to estimate what the firm is worth at a normal point in the cycle.
1
Model Inputs
Mid-Cycle EBITDA→747.67B
Fair EV/EBITDA→5.0x
Years of data→7
2
Valuation
Mid-Cycle EBITDA
747.67B
x
Fair EV/EBITDA
5.0x
-
Net Debt
688.47B
=
Equity Value
120.0k
Years of data→7
Key Ratios
Fiscal year 2025
P/E
3.69
P/B
0.70
P/S
0.11
ROE
19.1%
ROA
5.1%
EPS
3224.97
BVPS
17071.95
Gross Margin
10.4%
Net Margin
2.8%
D/E
2.72
Current Ratio
0.71
Rev Growth
-4.0%
Profit Growth
-6.6%
EV/EBITDA
2.79
Div Yield
0.0%
Company Overview
Issued Shares
25.4M
Charter Capital
254.2B VND
Sector (ICB L2)
Tài nguyên Cơ bản
Industry (ICB L3)
Khai khoáng
Sub-industry
Khai thác Than
Company Type
CT
Computed 06/03/2026