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 1,499,748,012 - -
Change - -43.29% -17.1% -8.84% 743.1% 17.92% - -
Enterprise Value (EV) 464,131,304 199,613,606 165,478,938 150,846,654 1,271,786,314 1,499,748,012 1,499,748,012 1,499,748,012
Change - -56.99% -17.1% -8.84% 743.1% 17.92% 0% 0%
P/E -117x 24.3x 80.4x 12.9x 51.8x 53.3x 51.3x 34.4x
PBR 3.25x - - - - - - -
PEG - -0x -1.1x 0x 0x 3.6x 13.71x 0.7x
Capitalization / Revenue 2.81x 1.96x 1.02x 0.79x 3.82x 3.31x 2.86x 2.56x
EV / Revenue 0x 0x 0x 0x 0x 3.31x 2.86x 2.56x
EV / EBITDA 0x 0x 0x 0x 0x 16.9x 13.4x 10.6x
EV / EBIT 0x -0x -0x -0x 0x 24.9x 17.8x 12.3x
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 20,275.00 169,600.00 200,000.00 200,000.00 200,000.00
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.($)
53.26x - - - 57.28B
8.77x3.39x6.82x-.--% 21.71B
7.84x16.1x19.08x6.35% 19.6B
4.19x0.1x0.21x8.27% 14.24B
8.28x16.78x - 6.38% 8.24B
7.43x0.77x6.4x2.7% 5.52B
-1.89x1.54x-229.52x-.--% 5.14B
4.76x13.57x19.67x6.02% 4.38B
9.35x0.56x7.32x4.07% 3.98B
Average 11.33x 6.60x -24.29x 4.23% 15.57B
Weighted average by Cap. 25.78x 7.28x -6.75x 4.25%

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