Valuation Thong Nhat Rubber

Stocks

End-of-day quote Ho Chi Minh S.E. 19/10/2026			5-day change	1st Jan Change
29,300.00 ^VND	+6.93%		-.--%	-10.12%

09-04	Thong Nhat Rubber Joint Stock Company Approves Cash Dividend for 2025, Payable on November 09, 2026	CI
07-21	Thong Nhat 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	2023	2024	2025
Market Cap ¹	1,237,775	626,588	627,550
Change	-	-49.38%	0.15%
Enterprise Value (EV) ¹	1,091,050	475,426	459,699
Change	-	-56.42%	-3.31%
P/E	54.6x	21.1x	17.1x
PBR	3.72x	1.84x	1.8x
PEG	-	0.7x	0.7x
Capitalization / Revenue	9.56x	4.38x	3.78x
EV / Revenue	8.42x	3.32x	2.77x
EV / EBITDA	60.1x	17.2x	17.2x
EV / EBIT	129x	26.8x	25.6x
EV / FCF	-	-	-
FCF Yield	-	-	-
Dividend per Share ²	-	-	1,600
Rate of return	-	-	4.91%
EPS ²	1,178	1,545	1,903
Distribution rate	-	-	84.1%
Net sales ¹	129,523	143,178	165,987
EBITDA ¹	18,158	27,623	26,686
EBIT ¹	8,445	17,764	17,982
Net income ¹	32,839	40,410	49,245
Net Debt ¹	-146,725	-151,162	-167,851
Reference price ²	64,300.00	32,550.00	32,600.00
Nbr of stocks (in thousands)	19,250	19,250	19,250
Announcement Date	01/04/25	01/04/25	25/03/26

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
THONG NHAT RUBBER	-	-	-	-	21.86M
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%	9.55B
Weighted average by Cap.	12.91x	1.02x	5.62x	3.54%