Valuation Tay Ninh Rubber

Stocks

End-of-day quote Ho Chi Minh S.E. 12/10/2026			5-day change	1st Jan Change
24,600.00 ^VND	-1.60%		+2.07%	+27.79%

07-20	Tay Ninh Rubber Joint Stock Company Changes Certificate of Business Registration	CI
07-16	Tay Ninh Rubber Joint Stock Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	1,060,150	1,309,169	888,312	905,787	1,566,925	2,310,000
Change	-	23.49%	-32.15%	1.97%	72.99%	47.42%
Enterprise Value (EV) ¹	1,180,882	1,462,407	1,064,703	1,009,024	1,352,844	1,828,705
Change	-	23.84%	-27.2%	-5.23%	34.07%	35.17%
P/E	11.5x	13.5x	16.8x	13.4x	7.08x	9.04x
PBR	0.68x	0.84x	0.56x	0.55x	0.83x	1.09x
PEG	-	2.52x	-0.4x	0.5x	0x	0.7x
Capitalization / Revenue	2.93x	3.14x	1.7x	1.61x	2.11x	2.74x
EV / Revenue	3.27x	3.5x	2.03x	1.79x	1.82x	2.17x
EV / EBITDA	18.7x	16x	10.1x	9.36x	5.09x	6.92x
EV / EBIT	32.8x	23.6x	16.1x	16.4x	6.38x	9.73x
EV / FCF	181x	177x	32x	19x	5.31x	6.46x
FCF Yield	0.55%	0.57%	3.13%	5.26%	18.8%	15.5%
Dividend per Share ²	475	475	250	225	625	750
Rate of return	5.22%	4.23%	3.28%	2.89%	4.65%	3.9%
EPS ²	792	834.5	455.2	580.2	1,899	2,130
Distribution rate	60%	56.9%	54.9%	38.8%	32.9%	35.2%
Net sales ¹	361,522	417,464	523,464	562,679	744,135	843,795
EBITDA ¹	63,287	91,536	104,963	107,834	265,793	264,252
EBIT ¹	35,950	61,847	66,161	61,625	212,196	187,859
Net income ¹	92,280	97,218	74,991	67,591	221,285	250,577
Net Debt ¹	120,732	153,238	176,391	103,237	-214,081	-481,295
Reference price ²	9,100.00	11,237.50	7,625.00	7,775.00	13,450.00	19,250.00
Nbr of stocks (in thousands)	116,500	116,500	116,500	116,500	116,500	120,000
Announcement Date	23/02/21	24/02/22	10/03/23	28/02/24	27/02/25	26/03/26

¹VND in Million²VND

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
TAY NINH RUBBER	-	-	-	-	114M
BRIDGESTONE CORPORATION	13.47x	1.02x	5.48x	3.46%	30.68B
MICHELIN (CGDE)	13.67x	0.99x	5.56x	4.01%	25.21B
PIRELLI & C. S.P.A.	14.55x	1.23x	5.35x	3.99%	8.03B
THE YOKOHAMA RUBBER COMPANY, LIMITED	8.67x	1.16x	5.53x	3.24%	7.3B
SAILUN GROUP CO., LTD.	9.37x	0.96x	5.48x	3.16%	5.96B
ZHONGCE RUBBER GROUP CO., LTD.	8.55x	-	-	3.56%	5.65B
HANKOOK TIRE & TECHNOLOGY CO., LTD.	5.78x	0.49x	3.09x	4.87%	5.69B
MRF LIMITED	24.43x	1.54x	11.92x	0.19%	5.43B
VIETNAM RUBBER INDUSTRY GROUP -	14.76x	-	-	3.09%	5B
Average	12.58x	1.06x	6.06x	3.29%	9.91B
Weighted average by Cap.	12.95x	1.04x	5.73x	3.5%