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.($)
- - - - 52.95M
11.76x6.31x9.74x6.63% 109B
19.1x3.37x10.73x3.87% 77.11B
18.7x4.21x13.71x4.77% 35.31B
13.78x2.65x10.06x3.93% 12.98B
10.7x0.69x6.84x8.75% 4.85B
14.02x-0.09x-0.61x7.08% 2.24B
9.72x0.37x4.14x3.22% 2.18B
9.5x2.38x7.08x8.54% 2.16B
Average 13.41x 2.48x 7.71x 5.85% 27.3B
Weighted average by Cap. 15.13x 4.63x 10.42x 5.38%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA