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TSD
CyclicalsCông ty Cổ phần Du lịch Trường Sơn Coecco
Du lịch và Giải trí/Du lịch & Giải tríCT
5.000
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
6.409
Current
5.000
Gap
+28.2%
ModelEV EBITDA MIDCYCLE
Valuation Breakdown
CT→Du lịch và Giải trí→Cyclical
Classified as cyclical because ICB sector "Du lịch và Giải trí" 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→1.07B
Fair EV/EBITDA→5.0x
Years of data→7
2
Valuation
Mid-Cycle EBITDA
1.07B
x
Fair EV/EBITDA
5.0x
-
Net Debt
-2.99B
=
Equity Value
6.409
Years of data→7
Valuation Track Record
Retroactive intrinsic value vs actual close price — TSD
Earnings Quality
Fiscal year 2025
76
Good
Accrual Quality
53Cash Conversion
100Receivables
100Margin Stability
51Revenue Quality
52Quantitative Scores
F-Score
3/9
Weak
Z-Score
2.73
Grey Zone
Sharpe
-0.08
Negative
Composite
60
Fair
Price Risk
Momentum
-6.1%
Volatility
90.4%
Max Drawdown
-51.1%
Key Ratios
Fiscal year 2025
2.86P/E
P/B1.16
P/S0.18
ROE51.6%
ROA17.2%
EPS1747.75
BVPS4325.77
Gross Margin14.0%
Net Margin6.3%
D/E1.70
Current Ratio0.73
Rev Growth5.9%
Profit Growth-1.3%
EV/EBITDA1.27
Div Yield0.0%
Company Overview
Issued Shares
1.3M
Charter Capital
13.0B VND
Sector (ICB L2)
Du lịch và Giải trí
Industry (ICB L3)
Du lịch & Giải trí
Sub-industry
Vận tải hành khách & Du lịch
Company Type
CT
// OWNERSHIP_NETWORK
> mapping common ownership for TSD — hover nodes for intel, click to navigate
Computed 12/04/2026