Valuation The Southern Rubber Industry

Stocks

End-of-day quote Ho Chi Minh S.E. 30/10/2026			5-day change	1st Jan Change
11,900.00 ^VND	-0.42%		-1.24%	-10.86%

10-20	The Southern Rubber Industry Joint Stock Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026	CI
10-09	Casumina Joint Stock Company Announces Board Resignations	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	1,823,805	1,958,517	1,492,204	1,264,228	1,601,010	1,383,397
Change	-	7.39%	-23.81%	-15.28%	26.64%	-13.59%
Enterprise Value (EV) ¹	3,690,747	4,156,854	3,743,121	2,961,335	3,044,408	2,435,640
Change	-	12.63%	-9.95%	-20.89%	2.81%	-20%
P/E	20.1x	46.6x	26x	31.8x	35.7x	32.5x
PBR	1.43x	1.56x	1.15x	0.95x	1.18x	1.01x
PEG	-	-0.9x	0.7x	-1x	2.8x	-6.42x
Capitalization / Revenue	0.39x	0.4x	0.28x	0.24x	0.34x	0.33x
EV / Revenue	0.79x	0.86x	0.7x	0.57x	0.65x	0.59x
EV / EBITDA	8.08x	11x	8.07x	7.97x	9.95x	9.03x
EV / EBIT	15.3x	24.7x	15x	17.4x	26.3x	21.4x
EV / FCF	15x	-14x	-888x	5.61x	14.7x	6.24x
FCF Yield	6.65%	-7.13%	-0.11%	17.8%	6.79%	16%
Dividend per Share ²	-	300	300	300	300	-
Rate of return	-	1.59%	2.08%	2.46%	1.94%	-
EPS ²	874.9	405.5	554.2	383.8	432.6	410.7
Distribution rate	-	74%	54.1%	78.2%	69.4%	-
Net sales ¹	4,692,034	4,839,508	5,320,632	5,234,907	4,712,176	4,142,875
EBITDA ¹	456,525	377,108	464,111	371,774	305,873	269,697
EBIT ¹	240,871	168,342	249,823	170,668	115,562	113,819
Net income ¹	90,661	42,015	79,185	60,375	72,071	42,555
Net Debt ¹	1,866,942	2,198,336	2,250,917	1,697,107	1,443,398	1,052,243
Reference price ²	17,600.00	18,900.00	14,400.00	12,200.00	15,450.00	13,350.00
Nbr of stocks (in thousands)	103,625	103,625	103,625	103,625	103,625	103,625
Announcement Date	02/04/21	10/03/22	24/03/23	19/03/24	21/03/25	16/03/26

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.($)
THE SOUTHERN RUBBER INDUSTRY	-	-	-	-	47.78M
BRIDGESTONE CORPORATION	13.74x	1.05x	5.61x	3.35%	31.5B
MICHELIN (CGDE)	13.52x	0.95x	5.34x	4.16%	24.12B
PIRELLI & C. S.P.A.	14.39x	1.22x	5.3x	4.04%	7.93B
THE YOKOHAMA RUBBER COMPANY, LIMITED	7.8x	1.04x	5.02x	3.71%	6.29B
SAILUN GROUP CO., LTD.	8.64x	0.89x	5.08x	3.43%	5.52B
MRF LIMITED	23.3x	1.47x	11.38x	0.2%	5.22B
HANKOOK TIRE & TECHNOLOGY CO., LTD.	5.34x	0.46x	2.98x	5.14%	5.19B
ZHONGCE RUBBER GROUP CO., LTD.	8.45x	-	-	3.07%	4.88B
VIETNAM RUBBER INDUSTRY GROUP -	15.07x	-	-	3.2%	4.84B
Average	12.25x	1.01x	5.82x	3.37%	9.56B
Weighted average by Cap.	12.91x	1.02x	5.62x	3.54%