{"id":1385,"date":"2017-10-07T16:20:21","date_gmt":"2017-10-07T16:20:21","guid":{"rendered":"https:\/\/blog.ngocha.biz\/?p=1385"},"modified":"2017-10-07T16:20:21","modified_gmt":"2017-10-07T16:20:21","slug":"thong-minh-tai-chinh-p12-3-bao-cao-tai-chinh-vingroup-loi-nhuan","status":"publish","type":"post","link":"https:\/\/blog.ngocha.biz\/?p=1385","title":{"rendered":"Th\u00f4ng minh t\u00e0i ch\u00ednh (P12-3 : B\u00e1o c\u00e1o t\u00e0i ch\u00ednh Vingroup- L\u1ee3i nhu\u1eadn)"},"content":{"rendered":"<div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 4px\">\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n<\/p><\/div>\n<div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 4px\">\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n<\/p><\/div>\n<div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 4px\">\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n<\/p><\/div>\n<div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 4px\">\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"kksr-stars-active\" style=\"width: 118px;\">\n<div class=\"kksr-star\" style=\"padding-right: 4px\">\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n<\/p><\/div>\n<div class=\"kksr-star\" style=\"padding-right: 4px\">\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n<\/p><\/div>\n<div class=\"kksr-star\" style=\"padding-right: 4px\">\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n<\/p><\/div>\n<div class=\"kksr-star\" style=\"padding-right: 4px\">\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n<\/p><\/div>\n<div class=\"kksr-star\" style=\"padding-right: 4px\">\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"kksr-legend\" style=\"font-size: 16px;\">\n            5\/5 &#8211; (6 votes)    <\/div>\n<\/p><\/div>\n<p><em>B\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u1ee7a Vingroup \u0111\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 l\u00e0m v\u00ed d\u1ee5 b\u1ea1n c\u1ea7n ph\u1ea3i t\u1ea3i v\u1ec1 \u0111\u1ec3 hi\u1ec3u entry n\u00e0y:\u00a0<a href=\"http:\/\/chienluocsong.com\/wp-content\/uploads\/VIC_17Q2_BCTC_HNSX.pdf\">VIC_17Q2_BCTC_HNSX<\/a><\/em><\/p>\n<p>\u0110\u1ecdc b\u00e1o c\u00e1o t\u00e0i ch\u00ednh th\u1ef1c s\u1ef1 kh\u00f4ng d\u1ec5 d\u00e0ng g\u00ec, t\u00f4i ngh\u0129 mu\u1ed1n hi\u1ec7u qu\u1ea3 \u0111\u00f2i h\u1ecfi m\u1ed9t s\u1ed1 y\u00eau c\u1ea7u t\u1eeb ng\u01b0\u1eddi \u0111\u1ecdc:<\/p>\n<ul>\n<li>Ph\u1ea3i r\u1ea5t ki\u00ean nh\u1eabn \u0111\u1eb7c bi\u1ec7t l\u00e0 giai \u0111o\u1ea1n \u0111\u1ea7u khi m\u1ecdi th\u1ee9 \u0111\u1ec1u m\u1edbi.<\/li>\n<li>Ph\u1ea3i hi\u1ec3u \u00fd ngh\u0129a c\u00e1c gi\u00e1 tr\u1ecb v\u00e0 c\u00e1c ch\u1ec9 s\u1ed1 c\u1ea7n t\u00ednh to\u00e1n.<\/li>\n<li>Ph\u1ea3i hi\u1ec3u \u0111\u1eb7c tr\u01b0ng ng\u00e0nh m\u00e0 doanh nghi\u1ec7p \u0111ang kinh doanh.<\/li>\n<li>Ph\u1ea3i c\u00f3 ki\u1ebfn th\u1ee9c v\u1ec1 qu\u1ea3n tr\u1ecb kinh doanh, qu\u1ea3n tr\u1ecb chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ec3 c\u00f3 th\u1ec3 th\u00f4ng qua c\u00e1c s\u1ed1 li\u1ec7u hi\u1ec3u DN \u0111ang theo chi\u1ebfn l\u01b0\u1ee3c kinh doanh n\u00e0o, t\u00ecnh h\u00ecnh qu\u1ea3n tr\u1ecb ra sao.<\/li>\n<\/ul>\n<h1><span style=\"font-size: 14pt;\"><strong>Kh\u00f3 kh\u0103n th\u00ec r\u1ea5t l\u1edbn v\u1eady th\u00ec h\u1ecdc \u0111\u1ecdc b\u00e1o c\u00e1o t\u00e0i ch\u00ednh l\u00e0m g\u00ec?<\/strong><\/span><\/h1>\n<p>S\u1ed1 li\u1ec7u t\u00e0i ch\u00ednh th\u1ec3 hi\u1ec7n m\u1ecdi m\u1eb7t kinh doanh c\u1ee7a m\u1ed9t DN d\u01b0\u1edbi g\u00f3c \u0111\u1ed9 t\u00e0i ch\u00ednh. N\u1ebfu m\u1ed9t DN b\u1ea3o r\u1eb1ng n\u0103ng l\u1ef1c qu\u1ea3n tr\u1ecb t\u00f4i c\u1ef1c gi\u1ecfi th\u00ec s\u1ed1 li\u1ec7u tr\u00ean b\u00e1o c\u00e1o t\u00e0i ch\u00ednh s\u1ebd ch\u1ee9ng minh r\u1eb1ng h\u1ecd \u0111\u00fang hay sai.<\/p>\n<p>C\u00e1c ch\u1ec9 s\u1ed1 \u0111\u1ec1u \u0111\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng r\u00f5 r\u00e0ng, c\u00f3 form bi\u1ec3u c\u00e1c kh\u00e1i ni\u1ec7m th\u1ed1ng nh\u1ea5t cho to\u00e0n b\u1ed9 c\u00e1c DN. B\u1ea1n c\u00f3 th\u1ec3 so s\u00e1nh gi\u1eefa c\u00e1c DN v\u1edbi nhau m\u00e0 kh\u00f4ng ph\u1ea3i lo l\u1eafng DN A \u0111\u1ecbnh ngh\u0129a chi ph\u00ed qu\u1ea3n l\u00fd kh\u00e1c v\u1edbi DN B.<\/p>\n<p>N\u1ebfu b\u1ea1n \u0111\u1ecbnh m\u1edf m\u1ed9t DN hay b\u1ea5t c\u1ee9 m\u1ed9t m\u00f4 h\u00ecnh KD n\u00e0o t\u1eeb b\u00e9 t\u00ed t\u1edbi l\u1edbn t\u01b0\u1edbng th\u00ec \u0111i\u1ec1u v\u00f4 c\u00f9ng quan tr\u1ecdng l\u00e0 b\u1ea1n ph\u1ea3i \u0111\u1ecdc \u0111\u01b0\u1ee3c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh. Kh\u00f4ng \u0111\u1ecdc \u0111\u01b0\u1ee3c th\u00ec s\u1ebd l\u1ec7 thu\u1ed9c ho\u00e0n to\u00e0n v\u00e0o b\u1ed9 ph\u1eadn k\u1ebf to\u00e1n v\u00e0 b\u1ea1n s\u1ebd kh\u00f4ng s\u1eed d\u1ee5ng \u0111\u01b0\u1ee3c th\u1ebf m\u1ea1nh c\u1ee7a K\u1ebf to\u00e1n qu\u1ea3n tr\u1ecb.<\/p>\n<p>N\u1ebfu \u0111\u1ecbnh mua c\u1ed5 phi\u1ebfu c\u1ee7a m\u1ed9t DN th\u00ec c\u00e0ng ph\u1ea3i \u0111\u1ecdc hi\u1ec3u thay v\u00ec nghe d\u00e2n t\u00ecnh b\u00e0n t\u00e1n n\u00ean mua c\u1ed5 n\u00e0y n\u00ean mua c\u1ed5 kia.<\/p>\n<p>N\u1ebfu l\u00e0 qu\u1ea3n l\u00fd c\u1ea5p trung, l\u00e0 nh\u00e2n vi\u00ean trong m\u1ed9t c\u00f4ng ty, hi\u1ec3u b\u00e1o c\u00e1o t\u00e0i ch\u00ednh s\u1ebd gi\u00fap cho ti\u1ebfng n\u00f3i c\u1ee7a m\u00ecnh chuy\u00ean nghi\u1ec7p h\u01a1n, h\u1ed7 tr\u1ee3 nhi\u1ec1u cho c\u00f4ng vi\u1ec7c.<\/p>\n<p>V\u00e0 quan tr\u1ecdng nh\u1ea5t l\u00e0 b\u1ea1n c\u00f3 th\u1ec3 l\u1eadp B\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u00e1 nh\u00e2n. Kh\u00f4ng l\u1eadp \u0111\u01b0\u1ee3c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u00e1 nh\u00e2n th\u00ec kh\u00f3 m\u00e0 n\u00f3i t\u1edbi chi\u1ebfn l\u01b0\u1ee3c t\u00e0i ch\u00ednh c\u00e1 nh\u00e2n.<\/p>\n<p>B\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u00f3 th\u1ec3 bi\u1ebfn t\u1ea5u theo nh\u01b0 \u00fd \u0111\u1ed3 c\u1ee7a ch\u1ee7 doanh nghi\u1ec7p. L\u00fd do th\u00ec c\u00f3 nhi\u1ec1u l\u1eafm v\u00ec v\u1eady ph\u1ea3i l\u1ef1a ch\u1ecdn b\u00e1o c\u00e1o t\u00e0i ch\u00ednh chu\u1ea9n \u0111\u1ecdc m\u1edbi \u0111\u00fang. C\u00e1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u1ee7a c\u00e1c c\u00f4ng ty l\u1edbn, \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, \u0111\u01b0\u1ee3c ki\u1ec3m to\u00e1n b\u1edfi c\u00e1c c\u00f4ng ty ki\u1ec3m to\u00e1n c\u00f3 uy t\u00edn th\u00ec kh\u00e1 chu\u1ea9n. C\u00f3 4 c\u00f4ng ty ki\u1ec3m to\u00e1n uy t\u00edn nh\u1ea5t hi\u1ec7n nay g\u1ecdi l\u00e0 nh\u00f3m <strong><span style=\"color: #ff0000;\">Big4<\/span><\/strong>:\u00a0<strong>PricewaterhouseCoopers (PwC) ,\u00a0Ernst &amp; Young (E&amp;Y),\u00a0\u00a0Klynveld Peat Marwick Geordeler (KPMG),\u00a0Deloitte Touche Tohmatsu Limited (Deloitte)<\/strong><\/p>\n<p>Mu\u1ed1n t\u00ecm b\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u1ee7a m\u1ed9t c\u00f4ng ty n\u00e0o \u0111\u00f3 b\u1ea1n c\u00f3 th\u1ec3 search tr\u00ean google, c\u00e1c DN ni\u00eam y\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n lu\u00f4n c\u00f4ng khai b\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u1ee7a h\u1ecd tr\u00ean website.<\/p>\n<p>Entry tr\u01b0\u1edbc ta \u0111\u00e3 k\u1ebft th\u00fac ph\u1ea7n chi ph\u00ed c\u1ee7a B\u00e1o c\u00e1o k\u1ebft qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng kinh doanh. Ph\u1ea7n n\u00e0y n\u00f3i t\u1edbi L\u1ee3i nhu\u1eadn<\/p>\n<h1><span style=\"font-size: 14pt;\"><strong>8. L\u1ee3i nhu\u1eadn sau thu\u1ebf (L\u1ee3i nhu\u1eadn r\u00f2ng)<\/strong><\/span><\/h1>\n<p>L\u00e0 l\u1ee3i nhu\u1eadn k\u1ebf to\u00e1n tr\u01b0\u1edbc thu\u1ebf tr\u1eeb \u0111i s\u1ed1 thu\u1ebf thu nh\u1eadp ph\u1ea3i n\u1ed9p = 3.141 &#8211; 1.561 + 281 = 1.861 ngh\u00ecn t\u1ef7.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10717 aligncenter\" src=\"http:\/\/chienluocsong.com\/wp-content\/uploads\/Loi-nhuan-cls.jpg\" alt=\"\" width=\"539\" height=\"311\" srcset=\"https:\/\/chienluocsong.com\/wp-content\/uploads\/Loi-nhuan-cls.jpg 539w, https:\/\/chienluocsong.com\/wp-content\/uploads\/Loi-nhuan-cls-300x173.jpg 300w\" sizes=\"auto, (max-width: 539px) 100vw, 539px\" \/><\/p>\n<p>Ch\u00fang ta ph\u1ea3i so s\u00e1nh l\u1ee3i nhu\u1eadn sau thu\u1ebf qua c\u00e1c n\u0103m li\u00ean ti\u1ebfp. N\u1ebfu n\u00f3 t\u0103ng \u0111\u1ec1u \u0111\u1eb7n th\u00ec th\u1ec3 hi\u1ec7n r\u1eb1ng c\u00f4ng ty \u0111ang c\u00f3 t\u0103ng tr\u01b0\u1edfng \u1ed5n \u0111\u1ecbnh.<\/p>\n<p><strong>L\u1ee3i nhu\u1eadn tr\u00ean doanh thu ROS = 1.861\/35.193 = 5,2%<\/strong><\/p>\n<p>L\u1ee3i nhu\u1eadn tr\u00ean doanh thu c\u00e0ng cao c\u00e0ng th\u1ec3 hi\u1ec7n t\u00ednh hi\u1ec7u qu\u1ea3. So s\u00e1nh hai c\u00f4ng ty c\u00f9ng ng\u00e0nh, n\u1ebfu l\u1ee3i nhu\u1eadn tr\u00ean doanh thu c\u1ee7a c\u00f4ng ty n\u00e0o cao h\u01a1n th\u00ec c\u00f4ng ty \u0111\u00f3 ho\u1ea1t \u0111\u1ed9ng hi\u1ec7u qu\u1ea3 h\u01a1n. V\u00ed d\u1ee5 m\u1ed9t c\u00f4ng ty c\u00f3 l\u1ee3i nhu\u1eadn thu\u1ea7n l\u00e0 10 t\u1ef7 tr\u00ean doanh thu 100 t\u1ef7 s\u1ebd ho\u1ea1t \u0111\u1ed9ng kh\u00f4ng hi\u1ec7u qu\u1ea3 b\u1eb1ng c\u00f4ng ty c\u00f3 l\u1ee3i nhu\u1eadn thu\u1ea7n 10 t\u1ef7 tr\u00ean doanh thu 80 t\u1ef7.<\/p>\n<h1><span style=\"font-size: 14pt;\"><strong>9. L\u00e3i c\u01a1 b\u1ea3n tr\u00ean c\u1ed5 phi\u1ebfu hay thu nh\u1eadp tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu<\/strong><\/span><\/h1>\n<p>So s\u00e1nh v\u1edbi c\u00f9ng k\u1ef3 ta th\u1ea5y l\u1ee3i nhu\u1eadn sau thu\u1ebf t\u0103ng nh\u01b0ng l\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu l\u1ea1i gi\u1ea3m. \u0110\u00f3 l\u00e0 v\u00ec Vingroup \u0111\u00e3 ph\u00e1t h\u00e0nh th\u00eam c\u1ed5 phi\u1ebfu khi\u1ebfn cho t\u1ed5ng s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu t\u0103ng l\u00ean, hi\u1ec7n t\u01b0\u1ee3ng n\u00e0y g\u1ecdi l\u00e0 pha lo\u00e3ng. Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu VIN mua c\u1ed5 phi\u1ebfu Qu\u1ef9 th\u00ec s\u1ebd gi\u1ea3m l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu trong l\u01b0u th\u00f4ng, g\u1ecdi l\u00e0 c\u00f4 \u0111\u1eb7c.<\/p>\n<p>C\u1ee5 th\u1ec3 so v\u1edbi c\u00f9ng k\u1ef3 2016 th\u00ec \u0111\u00e3 c\u00f3 th\u00eam = 1.751.038.095.979 &#8211; 1.543.530.371.549 = 207.507.724.430 c\u1ed5 phi\u1ebfu ph\u00e1t h\u00e0nh th\u00eam.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10720 aligncenter\" src=\"http:\/\/chienluocsong.com\/wp-content\/uploads\/l\u1ecdi-nhuan-tren-co-phieu-cls.png\" alt=\"\" width=\"529\" height=\"469\" srcset=\"https:\/\/chienluocsong.com\/wp-content\/uploads\/l\u1ecdi-nhuan-tren-co-phieu-cls.png 529w, https:\/\/chienluocsong.com\/wp-content\/uploads\/l\u1ecdi-nhuan-tren-co-phieu-cls-300x266.png 300w, https:\/\/chienluocsong.com\/wp-content\/uploads\/l\u1ecdi-nhuan-tren-co-phieu-cls-474x420.png 474w\" sizes=\"auto, (max-width: 529px) 100vw, 529px\" \/><\/p>\n<p>R\u00fat c\u00e1i v\u00e1y l\u1ea1i t\u1ed5ng l\u1ee3i nhu\u1eadn c\u1ee7a c\u00f4ng ty t\u0103ng kh\u00f4ng c\u00f3 ngh\u0129a r\u1eb1ng l\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu t\u0103ng. Gi\u1ea3 s\u1eed trong k\u1ef3 c\u00f4ng ty kh\u00f4ng ph\u00e1t h\u00e0nh th\u00eam c\u1ed5 phi\u1ebfu m\u00e0 n\u1ebfu c\u1ea7n ti\u1ec1n n\u00f3 vay ng\u00e2n h\u00e0ng th\u00ec l\u1ee3i nhu\u1eadn sau thu\u1ebf ch\u1eafc ch\u1eafn s\u1ebd gi\u1ea3m do chi ph\u00ed t\u00e0i ch\u00ednh t\u0103ng d\u1eabn t\u1edbi l\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu c\u0169ng gi\u1ea3m.<\/p>\n<p>N\u00f3 th\u1ec3 hi\u1ec7n r\u00f5 s\u1ef1 kh\u00e1c nhau gi\u1eefa vi\u1ec7c c\u00f4ng ty s\u1eed d\u1ee5ng v\u1ed1n vay ng\u00e2n h\u00e0ng v\u00e0 t\u0103ng v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu b\u1eb1ng c\u00e1ch ph\u00e1t h\u00e0nh th\u00eam c\u1ed5 phi\u1ebfu.<\/p>\n<p>M\u1ed9t ng\u01b0\u1eddi kh\u00f4ng ph\u1ea3i l\u00e0 c\u1ed5 \u0111\u00f4ng c\u1ee7a c\u00f4ng ty s\u1ebd ch\u1ec9 quan t\u00e2m t\u1edbi ch\u1ec9 s\u1ed1 l\u1ee3i nhu\u1eadn sau thu\u1ebf v\u00e0 h\u1ecd ngh\u0129 r\u1eb1ng c\u00f4ng ty \u0111ang l\u00e0m r\u1ea5t t\u1ed1t. Trong khi c\u1ed5 \u0111\u00f4ng c\u1ee7a c\u00f4ng ty l\u1ea1i kh\u00f4ng th\u1ea5y th\u1ebf v\u00ec r\u00f5 r\u00e0ng v\u1edbi l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu kh\u00f4ng \u0111\u1ed5i h\u1ecd c\u00f3 \u0111\u01b0\u1ee3c ti\u1ec1n \u00edt h\u01a1n.<\/p>\n<p>L\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu = L\u1ee3i nhu\u1eadn thu\u1ea7n (l\u1ee3i nhu\u1eadn sau thu\u1ebf)\/T\u1ed5ng s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 pih\u1ebfu = 1.715.038.095.979\/2.456.818.742= 698,072 \u0111\u1ed3ng. N\u00f3 c\u00f3 ngh\u0129a r\u1eb1ng m\u1ed7i ng\u01b0\u1eddi n\u1eafm gi\u1eef c\u1ed5 phi\u1ebfu trong 6 th\u00e1ng qua s\u1ebd c\u00f3 th\u00eam 698,072 \u0111\u1ed3ng<\/p>\n<h1><span style=\"font-size: 14pt;\"><strong>10. L\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu EPS ( Earning Per Share)<\/strong><\/span><\/h1>\n<p>L\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu l\u00e0 thu nh\u1eadp tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu trong 1 n\u0103m. \u1ede v\u00ed d\u1ee5 tr\u00ean v\u00ec \u0111\u00e2y l\u00e0 b\u00e1o c\u00e1o t\u00ecnh h\u00ecnh kinh doanh 6 th\u00e1ng \u0111\u1ea7u n\u0103m v\u00ec v\u1eady n\u00f3 ch\u01b0a ph\u1ea3i l\u00e0 EPS c\u1ee7a c\u1ed5 phi\u1ebfu Vingroup<\/p>\n<p>EPS = L\u1ee3i nhu\u1eadn thu\u1ea7n\/S\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh<\/p>\n<p>Mu\u1ed1n t\u00ednh EPS c\u1ee7a VIN ta ph\u1ea3i t\u00ednh t\u1eeb b\u00e1o c\u00e1o t\u00e0i ch\u00ednh n\u0103m c\u1ee7a VIN. L\u1ee3i nhu\u1eadn thu\u1ea7n n\u0103m 2017 v\u00e0 t\u1ed5ng s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh \u0111\u1ec1u c\u00f3 th\u1ec3 thay \u0111\u1ed5i. N\u1ebfu \u0111\u00f3 l\u00e0 th\u1eddi \u0111i\u1ec3m kh\u00f4ng ph\u1ea3i cu\u1ed1i n\u0103m th\u00ec l\u1ea5y l\u1ee3i nhu\u1eadn thu\u1ea7n c\u1ee7a 12 th\u00e1ng k\u1ebf ti\u1ebfp tr\u01b0\u1edbc \u0111\u00f3. EPS c\u1ee7a Vingroup \u0111ang l\u00e0 670 \u0111\u1ed3ng.<\/p>\n<p>Ch\u1ec9 s\u1ed1 EPS ch\u00ednh l\u00e0 s\u1ed1 ti\u1ec1n nh\u1eadn \u0111\u01b0\u1ee3c tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu h\u00e0ng n\u0103m, ch\u00ednh l\u00e0 c\u1ed5 t\u1ee9c. EPS c\u00e0ng cao c\u00e0ng t\u1ed1t, c\u00e0ng \u1ed5n \u0111\u1ecbnh qua nhi\u1ec1u n\u0103m c\u00e0ng t\u1ed1t.<\/p>\n<h1><span style=\"font-size: 14pt;\"><strong>11.Ch\u1ec9 s\u1ed1 P\/E<\/strong><\/span><\/h1>\n<p>\u0110\u00e2y l\u00e0 ch\u1ec9 s\u1ed1 quan tr\u1ecdng th\u1ee9 hai sau EPS nh\u01b0ng n\u00f3 l\u1ea1i ph\u00e1t tri\u1ec3n t\u1eeb EPS. P\/E = Gi\u00e1 c\u1ed5 phi\u1ebfu (Price)\/C\u1ed5 t\u1ee9c (Earning) = Gi\u00e1 c\u1ed5 phi\u1ebfu\/EPS.<\/p>\n<p>\u0110\u00f3ng c\u1eeda h\u00f4m qua c\u1ed5 phi\u1ebfu Vingroup m\u00e3 VIC c\u00f3 gi\u00e1 l\u00e0 52.600 \u0111\u1ed3ng.<\/p>\n<p>V\u1eady ch\u1ec9 s\u1ed1 P\/E c\u1ee7a Vingroup = 52.600 \u0111\u1ed3ng\/670 \u0111\u1ed3ng = 80<\/p>\n<p>C\u00f3 ngh\u0129a r\u1eb1ng n\u1ebfu b\u1ea1n mua 1 c\u1ed5 phi\u1ebfu VIC v\u1edbi gi\u00e1 52.600 \u0111\u1ed3ng th\u00ec ph\u1ea3i m\u1ea5t 78,5 n\u0103m b\u1ea1n m\u1edbi c\u00f3 \u0111\u01b0\u1ee3c th\u00eam 52.600 \u0111\u1ed3ng.<\/p>\n<p>N\u1ebfu b\u1ea1n d\u00f9ng 52.600 \u0111\u1ed3ng n\u00e0y g\u1eedi ng\u00e2n h\u00e0ng v\u1edbi l\u00e3i su\u1ea5t 5% th\u00ec m\u1ed7i n\u0103m b\u1ea1n c\u00f3 \u0111\u01b0\u1ee3c 2.630 \u0111\u1ed3ng. N\u1ebfu nh\u01b0 b\u1ea1n r\u00fat l\u00e3i m\u1ed7i n\u0103m ch\u1ec9 gi\u1eef g\u1ed1c th\u00ec b\u1ea1n m\u1ea5t 52.600\/2.630 = 20 n\u0103m \u0111\u1ec3 c\u00f3 th\u00eam 52.600 \u0111\u1ed3ng (\u0111\u00f3 l\u00e0 ch\u01b0a c\u00f2n t\u00ednh l\u00e3i r\u00fat ra h\u00e0ng n\u0103m)<\/p>\n<p>C\u00f3 v\u1ebb g\u1eedi ng\u00e2n h\u00e0ng th\u00ec t\u1ed1t h\u01a1n l\u00e0 l\u00e0m c\u1ed5 \u0111\u00f4ng c\u1ee7a Vingroup. Nh\u01b0ng t\u1ea1i sao ng\u01b0\u1eddi ta v\u1eabn mua c\u1ed5 phi\u1ebfu VIC ? V\u00ec kh\u00f4ng ai n\u1eafm c\u1ed5 phi\u1ebfu ch\u1ec9 v\u00ec c\u1ed5 t\u1ee9c nh\u1eadn \u0111\u01b0\u1ee3c h\u00e0ng n\u0103m, h\u1ecd nh\u1eb1m t\u1edbi ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 h\u1ecd mua v\u00e0 gi\u00e1 trong t\u01b0\u01a1ng lai.<\/p>\n<p>M\u1ee5c \u0111\u00edch ch\u00ednh c\u1ee7a Ban l\u00e3nh \u0111\u1ea1o Vingroup kh\u00f4ng ph\u1ea3i l\u00e0 ki\u1ebfm \u0111\u01b0\u1ee3c nhi\u1ec1u l\u1ee3i nhu\u1eadn h\u00e0ng n\u0103m cho c\u1ed5 \u0111\u00f4ng m\u00e0 l\u00e0 gia t\u0103ng k\u1ef3 v\u1ecdng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 trong t\u01b0\u01a1ng lai v\u1ec1 ti\u1ec1n \u0111\u1ed3 c\u1ee7a t\u1eadp \u0111o\u00e0n. H\u1ecd gia t\u0103ng b\u1eb1ng c\u00e1ch th\u1ec3 hi\u1ec7n r\u1eb1ng c\u00f4ng ty \u0111ang ph\u00e1t tri\u1ec3n v\u01b0\u1ee3t b\u1eadc, \u0111ang \u0111i \u0111\u00fang h\u01b0\u1edbng,&#8230;..Khi nh\u00e0 \u0111\u1ea7u t\u01b0 tin t\u01b0\u1edfng v\u1ec1 t\u01b0\u01a1ng lai h\u1ecd s\u1ebd s\u1eb5n s\u00e0ng mua c\u1ed5 phi\u1ebfu v\u1edbi gi\u00e1 cao h\u01a1n, gi\u00e1 c\u1ed5 phi\u1ebfu s\u1ebd t\u0103ng l\u00ean. Ch\u1ee7 \u0111\u1ec1 n\u00e0y r\u1ea5t d\u00e0i n\u00ean t\u00f4i s\u1ebd h\u1eb9n v\u00e0o l\u00fac kh\u00e1c.<\/p>\n<hr>\n<p><strong>Ngu\u1ed3n:<\/strong> <a href=\"https:\/\/chienluocsong.com\/thong-minh-tai-chinh-p12-3-bao-cao-tai-chinh-vingroup-loi-nhuan\/\" target=\"_blank\" rel=\"noopener noreferrer\">Th\u00f4ng minh t\u00e0i ch\u00ednh (P12-3 : B\u00e1o c\u00e1o t\u00e0i ch\u00ednh Vingroup- L\u1ee3i nhu\u1eadn) \u2014 chienluocsong.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: https:\/\/chienluocsong.com\/thong-minh-tai-chinh-p12-3-bao-cao-tai-chinh-vingroup-loi-nhuan\/<\/p>\n","protected":false},"author":1,"featured_media":1386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-1385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chienluocsong"],"_links":{"self":[{"href":"https:\/\/blog.ngocha.biz\/index.php?rest_route=\/wp\/v2\/posts\/1385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ngocha.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ngocha.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ngocha.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ngocha.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1385"}],"version-history":[{"count":0,"href":"https:\/\/blog.ngocha.biz\/index.php?rest_route=\/wp\/v2\/posts\/1385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.ngocha.biz\/index.php?rest_route=\/wp\/v2\/media\/1386"}],"wp:attachment":[{"href":"https:\/\/blog.ngocha.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ngocha.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ngocha.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}