2013
INDIVIDUAL ASSIGNMENT

NAME: ID: LECTURER: TOPIC:

TRAN HUYNH NHU SB60381 CLASS: SB0765

DINH TIEN THANH VALUATION AND FINANCIAL MODELING

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VALUATION FINANCIAL MODELING

INDIVIDUAL ASSIGNMENT

I.

EXECUTIVE

Through this report, I will analyze and evaluate Hung Vuong Joint Stock Company’s price and compare with the 10 other companies in the same industry. To evaluate the value stock of enterprises, we have a lot of methods, such as: Dividend Discount Model (DDM), price to earnings (PE) or market price to book value (PB)… Each method has its pros and cons. However, in this report, I will evaluate stock price in three methods: PE, PS and PB. In this report, there are three main parts: overview the foods industry and background of HVG, valuation of stock price and give some comment about these methods. II. OVERVIEW FOODS INDUSTRY AND HUNG VUONG JOINT STOCK COMPANY 1. Overview foods industry After becoming a member of WTO, Vietnam has more opportunities for foods industry. However, with the advantages, foods industry in Vietnam has also faced with a lot of challenges. Foods industry in Vietnam develops very quickly with two types: domestic foods and exported foods. With the local consumers, with the variety, there are a

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VALUATION FINANCIAL MODELING

INDIVIDUAL ASSIGNMENT

lot of types of foods. Moreover, in fact, when Vietnam joined WTO and ASEAN, it promotes foods exported and agriculture and maritime products. In recent years, even though growth rate of foods industry is not high, mission and vision are established in the true way and changing in infrastructure. a. Strength Foods industry helps us increase production and GDP. It is also a sector which attracts a lot of foreign investors in recent years. There are some famous firms, such as: Unilever, Nestle and San Miguel. Besides, Vietnamese consumers, especially young people