Company Valuation: ConstructionNo. 1

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025
Market Cap 1 94,800 102,000 154,800
Change - 7.59% 51.76%
Enterprise Value (EV) 1 180,835 243,730 194,603
Change - 34.78% -20.16%
P/E 36.2x 28.4x 25.5x
PBR 0.38x 0.41x 0.6x
PEG - 0.8x 0.4x
Capitalization / Revenue 0.43x 0.2x 0.28x
EV / Revenue 0.81x 0.48x 0.35x
EV / EBITDA 10x 11.6x 9.56x
EV / EBIT 11.8x 13.2x 11.1x
EV / FCF 5.67x -4.54x 3.63x
FCF Yield 17.6% -22% 27.5%
Dividend per Share 2 - - -
Rate of return - - -
EPS 2 218.4 299 505.2
Distribution rate - - -
Net sales 1 222,688 508,497 557,051
EBITDA 1 18,073 21,063 20,354
EBIT 1 15,381 18,482 17,602
Net income 1 2,621 3,588 6,063
Net Debt 1 86,035 141,730 39,803
Reference price 2 7,900.00 8,500.00 12,900.00
Nbr of stocks (in thousands) 12,000 12,000 12,000
Announcement Date 3/24/25 3/24/25 3/23/26
1VND in Million2VND
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 5.45M
58.37x2.69x25.68x0.06% 102B
11.76x1.02x5.57x4.97% 66.61B
35.58x4.48x24.33x0.19% 60.72B
24.84x1.93x18.95x1.19% 52.74B
49.38x3.96x25.08x1.96% 38.53B
24.02x1.64x15.14x0.19% 34.7B
27.92x0.7x11.55x2.21% 34.5B
22.53x0.44x7.03x2.74% 29.63B
5.01x0.31x5.98x5.63% 26.75B
Average 28.82x 1.91x 15.48x 2.13% 44.59B
Weighted average by Cap. 32.95x 2.18x 17.31x 1.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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