Simple investment case on cement company no capex

by finandlife23/06/2019 22:04

Dòng tiền kinh doanh mỗi năm gần 1850 tỷ, không capex, trả trái tức và cổ tức 1350 tỷ. EV hơn 9000 tỷ, tỷ suất sinh lời mỗi năm hơn 15%. Kinh doanh tăng trưởng ổn định 5%/năm, hoạt động trong ngành gắn với hạ tầng xây dựng.

Case đầu tư như vậy có hấp dẫn hơn phong trào mua trái phiếu doanh nghiệp bất động sản không đảm bảo, lãi suất 12%-14%/năm hiện nay?

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Free cash flow is nearly 1850 billion dong annually, no capex, interests and dividends are 1350 billion dong. EV is more than 9000 billion dong. Return on Investment is over 15%. Earnings grows steadily 5% per year.

Is that investment case more attractive than buying unsecured real estate corporate bonds (interest rate is 12% -14% per year) now?

FINANDLIFE

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