Company Valuation: DHG Pharmaceutical

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 14,774,306 11,100,341 13,597,591 13,584,517 13,375,323 11,361,834 - -
Change - -24.87% 22.5% -0.1% -1.54% -15.05% - -
Enterprise Value (EV) 1 12,828,324 11,100,341 11,845,622 11,426,573 11,221,427 9,499,334 9,504,034 9,511,034
Change - -13.47% 6.71% -3.54% -1.8% -15.35% 0.05% 0.07%
P/E 19.8x 11.6x 13.4x 18x 15.4x 12.2x 11.6x 10.8x
PBR 3.9x 2.59x - - - - - -
PEG - 0.4x 2.1x -0.7x 1x 1.78x 1.96x 1.64x
Capitalization / Revenue 3.69x 2.37x 2.71x 2.78x 2.54x 2.09x 2x 1.91x
EV / Revenue 3.2x 2.37x 2.36x 2.34x 2.13x 1.75x 1.67x 1.6x
EV / EBITDA 13.6x 9.59x 10.4x 10.5x 10.2x 8.22x 7.61x 7.12x
EV / EBIT 14.5x 9.98x 11.2x 12.4x 11.4x 9.07x 8.36x 7.8x
EV / FCF 30x 16.6x -48.1x 9.3x 9.48x 19.5x 11.7x 11.2x
FCF Yield 3.34% 6.01% -2.08% 10.8% 10.5% 5.14% 8.56% 8.9%
Dividend per Share 2 4,000 - - 10,000 10,000 7,000 7,200 7,500
Rate of return 3.54% - - 9.62% 9.78% 8.06% 8.29% 8.63%
EPS 2 5,720 7,318 7,786 5,763 6,644 7,100 7,521 8,016
Distribution rate 69.9% - - 174% 151% 98.6% 95.7% 93.6%
Net sales 1 4,003,170 4,676,016 5,015,395 4,884,868 5,266,963 5,435,000 5,690,600 5,958,700
EBITDA 1 944,647 1,157,079 1,140,985 1,089,971 1,105,507 1,155,200 1,248,900 1,335,900
EBIT 1 884,537 1,112,058 1,053,025 920,276 986,499 1,047,900 1,137,100 1,219,600
Net income 1 777,220 988,455 1,051,490 778,920 897,576 928,400 983,400 1,048,100
Net Debt 1 -1,945,982 - -1,751,969 -2,157,944 -2,153,896 -1,862,500 -1,857,800 -1,850,800
Reference price 2 113,000.00 84,900.00 104,000.00 103,900.00 102,300.00 86,900.00 86,900.00 86,900.00
Nbr of stocks (in thousands) 130,746 130,746 130,746 130,746 130,746 130,746 - -
Announcement Date 20/01/22 19/01/23 19/01/24 20/01/25 20/01/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.24x1.75x8.22x8.06% 440M
41.42x14.04x31.11x0.48% 1,263B
39.99x6.71x18.89x1.95% 658B
36.71x8.6x17.71x2.33% 521B
21.74x5.27x13.12x2.48% 391B
106.24x6.06x25.8x2.28% 369B
23.19x5.95x14.36x2.69% 307B
24.47x4.89x13.59x1.77% 290B
29.55x7.53x13.48x2.16% 252B
-41.18x7.46x46.76x1.93% 212B
Average 29.44x 6.83x 20.30x 2.61% 426.24B
Weighted average by Cap. 37.15x 8.83x 22.81x 1.69%

Y-o-Y evolution of P/E

Valuation ratios - P/E - DHG Pharmaceutical

Historical PBR trend

Valuation ratios - PBR - DHG Pharmaceutical

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - DHG Pharmaceutical

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - DHG Pharmaceutical


Year-on-year evolution of the Yield

Valuation ratios - Yield - DHG Pharmaceutical
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