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 1,728,459,584 - -
Change - -43.29% -17.1% -8.84% 743.1% 35.91% - -
Enterprise Value (EV) 464,131,304 199,613,606 165,478,938 150,846,654 1,271,786,314 1,728,459,584 1,728,459,584 1,728,459,584
Change - -56.99% -17.1% -8.84% 743.1% 35.91% 0% 0%
P/E -117x 24.3x 80.4x 12.9x 51.8x 61.4x 59.2x 39.7x
PBR 3.25x - - - - - - -
PEG - -0x -1.1x 0x 0x 4.1x 15.82x 0.8x
Capitalization / Revenue 2.81x 1.96x 1.02x 0.79x 3.82x 3.82x 3.3x 2.95x
EV / Revenue 0x 0x 0x 0x 0x 3.82x 3.3x 2.95x
EV / EBITDA 0x 0x 0x 0x 0x 19.5x 15.4x 12.2x
EV / EBIT 0x -0x -0x -0x 0x 28.7x 20.5x 14.2x
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 20,275.00 169,600.00 230,500.00 230,500.00 230,500.00
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.($)
60.98x - - - 65.37B
11.86x3.66x10.55x-.--% 24.39B
7.18x16.09x19.3x6.33% 19.57B
4.5x0.3x0.63x7.54% 15.77B
8.35x16.87x - 6.75% 8.17B
7.75x0.8x6.58x2.52% 5.72B
-2.17x1.59x69.95x-.--% 5.1B
6.03x13.85x20.92x5.79% 4.52B
Average 13.06x 7.59x 21.32x 4.13% 18.58B
Weighted average by Cap. 31.06x 7.47x 15.11x 4.07%

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