Company Valuation: Cat Loi

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 864,850 969,681 838,643 984,095 1,362,794 1,472,866
Change - 12.12% -13.51% 17.34% 38.48% 8.08%
Enterprise Value (EV) 1 831,815 1,019,463 1,088,604 1,266,787 1,975,801 2,025,941
Change - 22.56% 6.78% 16.37% 55.97% 2.54%
P/E 7.37x 7.96x 6.63x 7.79x 10.1x 8.09x
PBR 1.18x 1.25x 1x 1.12x 1.5x 1.53x
PEG - 2.05x 1.79x -125.24x 1.44x 0.2x
Capitalization / Revenue 0.46x 0.45x 0.36x 0.33x 0.37x 0.36x
EV / Revenue 0.44x 0.48x 0.47x 0.43x 0.54x 0.49x
EV / EBITDA 3.74x 4.77x 4.55x 5.31x 6.96x 6.23x
EV / EBIT 4.47x 5.6x 5.31x 5.78x 7.94x 7.14x
EV / FCF 3.77x -67.1x -7.6x 12.1x -6.78x 11.4x
FCF Yield 26.5% -1.49% -13.2% 8.29% -14.7% 8.76%
Dividend per Share 2 3,000 3,500 3,500 4,000 4,000 -
Rate of return 9.09% 9.46% 10.9% 10.7% 7.69% -
EPS 2 4,477 4,651 4,823 4,820 5,159 6,946
Distribution rate 67% 75.3% 72.6% 83% 77.5% -
Net sales 1 1,899,749 2,142,096 2,304,869 2,970,830 3,691,724 4,136,202
EBITDA 1 222,347 213,920 239,335 238,356 283,688 325,086
EBIT 1 185,981 181,957 205,158 219,263 248,843 283,770
Net income 1 128,948 135,421 140,450 140,365 150,229 182,049
Net Debt 1 -33,035 49,783 249,961 282,692 613,007 553,075
Reference price 2 33,000.00 37,000.00 32,000.00 37,550.00 52,000.00 56,200.00
Nbr of stocks (in thousands) 26,208 26,208 26,208 26,208 26,208 26,208
Announcement Date 3/26/21 3/30/22 3/15/23 3/26/24 3/24/25 3/27/26
1VND in Million2VND
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 54.6M
12.44x6.61x10.22x6.26% 115B
18.36x3.26x10.34x4.04% 77.37B
18.34x4.06x13.43x4.95% 34.08B
13.4x2.58x9.79x4.07% 13.3B
10.49x0.67x6.69x8.93% 4.83B
13.49x0.14x0.96x7.25% 2.16B
8.79x0.35x3.77x3.37% 2.12B
8.95x2.08x6.14x8.94% 2.03B
Average 13.03x 2.47x 7.67x 5.98% 27.9B
Weighted average by Cap. 15.03x 4.76x 10.43x 5.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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