Company Valuation: CMC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 3,599,995 6,866,930 7,644,783 7,591,578 8,029,431 6,707,391
Change - 90.75% 11.33% -0.7% 5.77% -16.46%
Enterprise Value (EV) 1 3,567,380 7,001,348 7,360,216 7,534,258 7,741,416 6,922,546
Change - 96.26% 5.13% 2.36% 2.75% -10.58%
P/E 23.5x 29.4x 19.5x 26.4x 26.6x 15.4x
PBR 1.83x 3.17x 2.43x 2.88x 2.75x 2.05x
PEG - 0.6x 0.6x -4x 5.4x 0.4x
Capitalization / Revenue 0.69x 1.09x 1x 1.03x 0.98x 0.7x
EV / Revenue 0.69x 1.11x 0.96x 1.03x 0.94x 0.72x
EV / EBITDA 7.68x 12x 10.2x 9.93x 9.46x 7.38x
EV / EBIT 14.3x 19.7x 18.6x 18.9x 17.2x 12.8x
EV / FCF -86.1x -28.1x 18.1x -110x -122x -13x
FCF Yield -1.16% -3.56% 5.51% -0.91% -0.82% -7.68%
Dividend per Share 2 - 282.9 - - - -
Rate of return - 0.95% - - - -
EPS 2 662.3 1,010 1,325 1,237 1,298 1,866
Distribution rate - 28% - - - -
Net sales 1 5,181,109 6,290,385 7,663,640 7,341,773 8,202,642 9,560,842
EBITDA 1 464,315 584,340 719,677 758,849 818,157 937,493
EBIT 1 250,244 355,433 396,119 398,216 451,062 542,090
Net income 1 175,423 241,532 310,517 336,519 348,641 402,841
Net Debt 1 -32,615 134,419 -284,568 -57,321 -288,015 215,154
Reference price 2 15,574.69 29,708.72 25,893.92 32,719.08 34,545.45 28,800.00
Nbr of stocks (in thousands) 231,144 231,142 295,235 232,023 232,431 232,896
Announcement Date 30/06/21 30/06/22 30/06/23 01/07/24 28/06/25 04/05/26
1VND in Million2VND
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 219M
20.07x3.42x11.89x3.27% 194B
-92.86x14.68x84.97x-.--% 91.89B
10.27x1.13x5.93x4.68% 84.9B
14.54x2.65x10.01x5.65% 83.8B
19.18x5.09x12.52x2.95% 56.97B
13.66x1.98x8.37x5.76% 43.79B
19.57x1.45x9.17x1.01% 34.32B
18.54x1.49x9.37x1.6% 34.34B
16.96x2.19x10.16x5.1% 34.78B
Average 4.44x 3.79x 18.04x 3.34% 65.92B
Weighted average by Cap. 1.58x 4.38x 20.53x 3.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  3. CMG Stock
  4. Valuation CMC Corporation