Business analysis and valuation: Traphaco joint stock company (TRA-HOSE)
Abstract
The importance of pharmaceutical products in human life is absolutely
undeniable. Thus, pharmaceutical industry seems to growth continuously. One of
successful domestic pharmaceutical companies in Vietnam is Traphaco Joint stock
company. They have, years after years, proved themselves by achieving the position
among top high-growth firms. As a consequence, many investors start to pay attention to
Traphaco’s stocks. Here emerge a few questions: whether this investment will reap good
return? Whether Traphaco’s stocks appear at true value? With the purpose of proposing
adequate answers, this thesis is established by evaluating firm’s intrinsic value and its
stock price.
In this thesis, there is analysis of Traphaco’s financial statements and key
financial ratios. Then, based on previous analysis, forecast of company’s prospect is
deprived. The technical work also involves taking into consideration Traphaco’s
strategies and industry’s overall performance for more precision.