YTC

Công ty Cổ phần Xuất nhập khẩu Y tế Thành phố Hồ Chí Minh

VietnamConsumerY tếThiết bị và Dịch vụ Y tếUPCOMCT

21.100

VND · Last close

Calibrated intrinsic value vs last close

Illustrative estimate

Comparison requires review

+6.8%Calibrated value vs last close

Last close (VND): 21.100
Calibrated intrinsic value (VND): 22.537

Last close × (1 + calibrated gap / 100)

Earnings-capitalised value

Not available: the company reported a loss last year or its shares have too short a price history.

How it is calculated

1
Measure the gap
Between the model and the last close.
2
Check the record2015–2024
What gaps of that size went on to earn over the following year.
3
Apply to the close
That return is applied to the last close.

Keep in mind

For illustration only: not a validated forecast.
No uncertainty range: the estimate is a single figure.
Older record: it has not been re-measured on the current data.

Why it needs review

The closing price is too old for comparison.
Trading liquidity is below the comparison threshold.
The model uses profit in place of cash flow, which was not available.
The latest cash flow is zero or negative.

This estimate remains visible for checking its calculation. Its inputs require review before using it in a stock comparison. The model comparison behind this value needs review. The estimate does not remove the data limitations listed above.

Comparison assessed 3 Nov 2026Valid through 7 Oct 2026

Model reliability: Low; Model fitInput stabilityRisk checks; High requires the model’s diagnostic criteria to be met.
Probability of outperforming peers: Not assessed; A separate peer-outperformance probability is unavailable for this valuation.

Assessed 30 Oct 2026Not updated with daily prices

These assessments address different questions. Neither establishes that the displayed valuation is correct or guarantees a future return.

Published filingsValued 30 Oct 2026Close date unavailableRecalculated when the displayed close changes.

Valuation Breakdown

CT→Y tế→Consumer

Classified as consumer because ICB sector “Y tế” maps to the consumer group.

ModelFCF-Based DCF

Intrinsic = 70% x DCF Value + 30% x (Fair P/E x EPS)

A Discounted Cash Flow model built on Free Cash Flow (FCF), the cash a business generates after operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted to today's value using WACC. The DCF value is blended 70/30 with a value from the company's own historical P/E.

Technical details

Why this model

Consumer staples/retail generate steady, predictable free cash flows, making them ideal for DCF. The time value of money principle means a dollar today is worth more than a dollar tomorrow. DCF captures this by discounting future cash flows at a rate reflecting the investment's risk (WACC).

How it works

Takes 3-year median FCF as the base. Estimates growth via ROIC x reinvestment rate (Damodaran framework), falling back to historical revenue growth. Projects 10 years with decay toward the sector's long-run growth rate. Discounts at CAPM-derived WACC. Blends 70% of the DCF value with 30% of a P/E value: the company's 5-year median P/E, held between 5x and 25x, times EPS.

Best for

Stable consumer businesses (food, beverage, retail, healthcare) with predictable, positive free cash flows.

Weighted Avg Cost of Capital

Risk-Free (Rf)

4.36%

Betasector default

0.910

ERP

4.38%

CRP

2.75%

Cost of Equity (Ke)

11.10%

E/(D+E)

43.77%

Kd(1-t)

5.86%

D/(D+E)

56.23%

WACC

10.00%

Growth Estimate

fundamental firm blend5.71%

Growth decays 10%/yr toward terminal

Model Inputs

Base FCF→18.45B

Projection years→10

Valuation

We take the model’s gap to the last close, read what gaps of that size went on to earn over the following year in our 2015 to 2024 record, and apply that to the last close.

Last close (VND)→21.100

Calibrated value vs last close→+6.8%

Last close × (1 + calibrated gap / 100)

Calibrated intrinsic value (VND)

22.537

What feeds each step— click a source to highlight it in the statements

Discount rate (WACC)10.00%

Growth rate5.71%growth method: fundamental firm blend

Base cash flow18.5 tỷone off strip ratio: 0

DCF Sensitivity

Illustrative calibrated values from the standalone DCF scenarios below, anchored to the same last close. These scenarios leave out the other parts of a blended model and do not reproduce the headline value.

WACC \ Growth	2.7%	4.2%	5.7%	7.2%	8.7%
8.0%	23.652	23.652	23.652	23.652	24.638
9.0%	23.602	23.602	23.602	23.602	23.602
10.0%	22.537	22.537	22.537	22.537	23.602
11.0%	22.537	22.537	22.537	22.537	22.537
12.0%	21.392	21.392	21.392	22.537	22.537

Above market priceBelow market priceCurrent estimate

YTC among Consumer

Every stock in the sector, YTC marked: calibrated gap vs close across, market value up, model reliability into the board

Each bead is one valued stock in the sector; the amber bead with its stem is YTC. Drag to turn; open another stock from its bead.

Feeds valuation:Cost of capitalGrowthModel inputsFinal calculation

Line item	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
CURRENT ASSETS (Bn. VND)	·	908	895	874	866	711	·	692	717	701	619	572	675	614
Cash and cash equivalents (Bn. VND)Net debt bridge	·	79	85	44	25	18	·	139	56	102	48	76	55	51
Short-term investments (Bn. VND)Net debt bridge	·	51	42	45	45	38	·	18	39	26	25	0	0	0
Accounts receivable (Bn. VND)	·	653	653	708	693	530	·	428	510	454	412	357	470	459
Prepayments to suppliers (Bn. VND)	·	17	8	5	3	8	·	6	3	8	2	18	13	15
Net Inventories	·	112	107	76	102	122	·	98	102	113	132	134	143	95
Inventories, Net (Bn. VND)	·	122	110	77	105	126	·	99	103	114	133	134	144	95
Other current assets	·	13	8	2	1	2	·	9	10	7	3	5	6	8
Other current assets (Bn. VND)	·	0	0	0	0	0	·	0	0	0	0	0	4	7
LONG-TERM ASSETS (Bn. VND)	·	212	134	66	57	59	·	60	52	56	41	21	11	13
Long-term trade receivables (Bn. VND)	·	0	0	0	0	0	·	0	0	0.2	0.1	2	0	0
Other long-term receivables (Bn. VND)	·	0	0	0	0	0	·	0	0	0.2	0.1	2	0	0
Fixed assets (Bn. VND)	·	57	44	49	52	54	·	52	48	52	7	8	9	10
Tangible fixed assets	·	53	39	41	44	47	·	51	47	51	5	6	7	6
Leased assets	·	0	0	2	2	2	·	0.6	0.8	0.9	1	1	0	0
Intagible fixed assets	·	5	5	6	6	5	·	0.2	0.3	0	0.2	0.5	0.7	0.9
Investment in properties	·	151	0	0	0	0	·	0	0	0	0	0	0	0
Long-term investments (Bn. VND)	·	0	0	0	0	0	·	1	0.2	0	0	0	0	1
Investments in associate companies	·	0	0	0	0	0	·	0	0	0	0	0	0	1
Other non-current assets	·	3	0.9	1	2	2	·	1	0.8	0.7	0.2	0.8	1	1
Long-term prepayments (Bn. VND)	·	3	0.9	1	2	2	·	1	0.8	0.7	0.2	0.8	1.0	0.7
TOTAL ASSETS (Bn. VND)	·	1,120	1,029	940	924	770	·	752	769	757	660	593	685	626
LIABILITIES (Bn. VND)	·	929	849	901	891	769	·	692	712	703	601	536	636	579
Current liabilities (Bn. VND)	·	896	849	874	891	769	·	663	688	687	587	530	635	578
Short-term borrowings (Bn. VND)Discount rate (WACC) +1	·	214	127	175	191	220	·	274	345	340	277	295	177	179
Advances from customers (Bn. VND)	·	3	6	6	0.4	20	·	37	33	42	33	61	69	63
Long-term liabilities (Bn. VND)	·	34	0	28	0.3	0.8	·	29	24	16	14	7	1	1.0
Long-term borrowings (Bn. VND)Discount rate (WACC) +1	·	31	0	28	0.3	0.8	·	2	4	10	13	4	0.9	0.7
OWNER'S EQUITY(Bn.VND)Discount rate (WACC)	·	191	180	39	32	0.4	·	60	57	53	60	57	49	47
Capital and reserves (Bn. VND)	·	191	180	39	32	0.4	·	60	57	53	60	57	49	47
Paid-in capital (Bn. VND)	·	95	95	31	31	31	·	31	31	31	28	28	28	28
Investment and development funds (Bn. VND)	·	0	0	0	0	0	·	23	20	18	15	13	9	7
Undistributed earnings (Bn. VND)	·	31	20	8	2	−30	·	6	5	4	17	16	10	9
TOTAL RESOURCES (Bn. VND)	·	1,120	1,029	940	924	770	·	752	769	757	660	593	685	626
Short-term loans receivables (Bn. VND)	·	0	0	5	0	0	·	0	0	0	0	0	0	0
Common shares (Bn. VND)	·	95	95	31	31	31	·	31	31	31	28	28	28	28

Earnings Quality

Fiscal year 2025

Fair

Accrual QualityLow accruals vs reported earnings

Cash ConversionOperating cash flow vs net income

ReceivablesDSO trend vs revenue growth

100

Margin StabilityConsistency of profit margins

Financial Forensics

Beneish M-Score · 2025

Remainder

M −1.94 · 67th pctile vs VN companies

YoY ▼ −0.86

Conservative vs VN peersUnusual accounting movement

Compare across the whole market

Ranked vs Vietnamese peers. The −1.78 Beneish cutoff is US-calibrated; ~28% of VN stocks exceed it.

DSRI

0.756

GMI

1.119

AQI

1.582

SGI

1.322

DEPI

0.787

SGAI

0.901

TATA

0.041

LVGI

1.003

Checks measured on Vietnamese companies · FY2025

Cash conversion, 3 yearsOperating cash flow / net profit: 0.3628th pctile
Receivables outside the trade cyclePrepayments to suppliers, loans and other long-term receivables / total assets: 1.5%43rd pctile
Accumulated losses / paid-in capitalUndistributed earnings below zero: None
Consecutive years of net lossProfit after tax of the parent: 0
Owner's equityWithout the non-controlling interest: Positive

Percentiles rank each fiscal year against Vietnamese non-financial companies (0 lowest, 100 highest). Over FY2015-2024, low cash conversion and a large share of receivables outside the trade cycle came before more listing trouble and more net losses the next year.

Statutory loss tests (Decree 155/2020/NĐ-CP, Art. 120(1)(e), amended by Decree 245/2025/NĐ-CP): a HOSE or HNX listing is cancelled when the audited annual statements show net losses in each of the latest 3 years, accumulated losses above the paid-in charter capital, or negative owner's equity. Read here from the annual statements as the data vendor publishes them. The company trades on UPCoM, where these tests do not apply.

Quantitative Scores

F-Score

4/9

Neutral

Z-Score

1.09

Distress Zone

Sharpe

−1.02

Negative

Composite

30 to 49

Piotroski F-Score Breakdown

✓Net Income > 0

✗Operating CF > 0

✓ROA Rising

✗OCF > Net Income

✗Lower Leverage

✗Better Liquidity

✓No Dilution

✗Margin Up

✓Turnover Up

DuPont Decomposition

Tax Burden0.80×Interest Burden1.37×Op. Margin0.01×Turnover0.82×Leverage5.88=ROE6.7%

Price Risk

Momentum

−38.7%

Volatility

53.5%

Max Drawdown

−47.0%

Key Ratios

Fiscal year 2025

15.70P/E

P/B: 1.06
P/S: 0.22
ROE: 6.9%
ROA: 1.2%
EPS: 1.344
BVPS: 19.962
Gross Margin: 11.4%
Net Margin: 1.4%
D/E: 1.28
Current Ratio: 1.01
EV/EBITDA: 25.64
Div Yield: 0.9%

Company Overview

Shares outstanding: 9.5M
Charter Capital: 95.5B VND
Sector (ICB L2): Y tế
Industry (ICB L3): Thiết bị và Dịch vụ Y tế
Sub-industry: Dụng cụ y tế
Company Type: CT

Ownership network

Common ownership links for YTC. Hover for detail, select a link to open it.

Shareholders

Công ty Cổ phần Đầu tư SGI Holdings

Inst

63.4%

6.1M

2026-06-30

Công ty TNHH MTV Dược Sài Gòn

Inst

29.0%

2.8M

2026-06-30

Board & Management

Huỳnh Công Triết

Member of Supervisors Board

Nguyễn Quốc Việt

Vice Chairman of Management Board

Lê Văn Thiện

Member of Management Board

Trương Thị Hồng Nhạn

Member of Supervisors Board

Trần Thị Nhàn

Chief Accountant

Phan Minh Trung

Spokesman/General Director

Nguyễn Hoàng Giang

Head of Supervisors Board

Phan Phương Anh

Vice Chairman of Management Board

Nguyễn Khánh Linh

Chairman of Management Board

Top connections

BBT74.9%PMC43.4%NDP29.0%

Computed 30/10/2026

Calibrated intrinsic value vs last close

Earnings-capitalised value

How it is calculated

Keep in mind

Why it needs review

Valuation Breakdown

DCF Sensitivity

YTC among Consumer

Financial Statements

Earnings Quality

Financial Forensics

Checks measured on Vietnamese companies · FY2025

Quantitative Scores

Key Ratios

Company Overview

Ownership network

Ownership network

YTC among Consumer