Company Valuation: Vingroup

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 352,019,241 199,613,606 165,478,938 150,846,654 1,271,786,314 1,709,712,734 - -
Change - -43.29% -17.1% -8.84% 743.1% 34.43% - -
Enterprise Value (EV) 464,131,304 199,613,606 165,478,938 150,846,654 1,271,786,314 1,709,712,734 1,709,712,734 1,709,712,734
Change - -56.99% -17.1% -8.84% 743.1% 34.43% 0% 0%
P/E -117x 24.3x 80.4x 12.9x 51.8x 60.7x 58.5x 39.3x
PBR 3.25x - - - - - - -
PEG - -0x -1.1x 0x 0x 4.1x 15.64x 0.8x
Capitalization / Revenue 2.81x 1.96x 1.02x 0.79x 3.82x 3.77x 3.27x 2.92x
EV / Revenue 0x 0x 0x 0x 0x 3.77x 3.27x 2.92x
EV / EBITDA 0x 0x 0x 0x 0x 19.3x 15.3x 12.1x
EV / EBIT 0x -0x -0x -0x 0x 28.4x 20.3x 14.1x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -407.5 1,107 277.5 1,578 3,271 3,756 3,896 5,806
Distribution rate - - - - - - - -
Net sales 1 125,306,264 101,793,582 161,634,280 192,159,467 332,770,342 453,054,500 523,581,000 586,303,000
EBITDA 1 17,857,771 10,653,159 14,001,547 15,775,910 37,933,399 88,521,000 112,076,500 141,817,000
EBIT 1 2,451,017 -10,630,914 -3,126,135 -6,969,872 5,635,940 60,232,500 84,166,500 121,580,000
Net income 1 -2,771,444 8,781,861 2,062,572 11,735,294 13,446,455 28,815,000 29,882,000 44,145,000
Net Debt 112,112,063 - - - - - - -
Reference price 2 47,550.00 26,900.00 22,300.00 20,275.00 169,600.00 228,000.00 228,000.00 228,000.00
Nbr of stocks (in thousands) 7,403,139 7,420,580 7,420,580 7,440,032 7,498,740 7,498,740 - -
Announcement Date 14/02/22 01/04/23 31/01/24 15/01/25 30/01/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
59.91x - - - 64.1B
11.9x3.67x10.58x-.--% 24.42B
7.87x16.38x19.65x5.99% 20.68B
4.35x0.24x0.5x7.8% 15.25B
8.66x17.13x - 6.1% 8.48B
7.84x0.81x6.64x2.49% 5.78B
-2.06x1.58x69.54x-.--% 4.85B
6.01x14.05x21.23x5.51% 4.75B
Average 13.06x 7.69x 21.36x 3.99% 18.54B
Weighted average by Cap. 30.32x 7.79x 15.17x 3.98%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield