LM8

Construction

Công ty Cổ phần Lilama 18

Xây dựng và Vật liệuCT

12.350

VND · Last close

Valuation Verdict

Undervalued

High

−120%Fair Value+120%

Intrinsic Value

77.1k

Current

12.3k

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)

22.18%

Kd(1-t)

5.83%

D/(D+E)

77.82%

WACC

8.00%

Growth Estimate

ROIC x Reinvestment2.64%

ROIC

7.92%

Reinvestment Rate

33.33%

Growth

2.64%

Growth decays 12%/yr toward terminal

Model Inputs

Valuation

50%EV/EBITDA Value

20.0k

50%DCF Value

134.2k

Blended Intrinsic

77.1k

Value Decomposition

33%

67%

Explicit period (33%)Terminal value (67%)

Key Ratios

Fiscal year 2025

P/E

7.16

P/B

0.38

P/S

0.08

ROE

5.3%

ROA

1.3%

EPS

1724.18

BVPS

32593.48

Gross Margin

9.2%

Net Margin

1.1%

D/E

3.51

Current Ratio

1.24

Rev Growth

-1.6%

Profit Growth

-1.2%

EV/EBITDA

6.42

Div Yield

0.0%

Company Overview

Issued Shares

9.4M

Charter Capital

93.9B VND

Sector (ICB L2)

Xây dựng và Vật liệu

Industry (ICB L3)

Xây dựng và Vật liệu

Sub-industry

Xây dựng

Company Type

Computed 06/03/2026