Company Valuation: FPT Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 84,394,727 84,361,428 122,044,131 224,338,275 163,196,145 121,238,723 - -
Change - -0.04% 44.67% 83.82% -27.25% -25.71% - -
Enterprise Value (EV) 1 78,341,910 77,267,353 111,706,738 208,184,975 144,116,464 99,507,844 95,300,946 90,169,010
Change - -1.37% 44.57% 86.37% -30.77% -30.95% -4.23% -5.38%
P/E 21.4x 17.4x 20.6x 30.9x 18.4x 11.6x 10.1x 8.83x
PBR 3.94x 3.33x 4.08x 7.49x 4.47x 2.9x 2.52x 2.21x
PEG - 0.8x 1x 1.4x 0.9x 0.6x 0.7x 0.6x
Capitalization / Revenue 2.37x 1.92x 2.32x 3.57x 2.33x 2.11x 1.76x 1.62x
EV / Revenue 2.2x 1.76x 2.12x 3.31x 2.06x 1.74x 1.38x 1.2x
EV / EBITDA 11.1x 8.99x 10.4x 15.9x 10.4x 7.83x 6.35x 5.49x
EV / EBIT 14.5x 11.4x 13.3x 19.8x 13.1x 10.2x 8.3x 7.19x
EV / FCF 26.8x 42.3x 20.2x 24.7x 28.6x 60.5x 22.5x 16.7x
FCF Yield 3.74% 2.37% 4.96% 4.05% 3.5% 1.65% 4.44% 5.99%
Dividend per Share 2 996.2 - - - - 2,082 2,262 2,362
Rate of return 2.15% - - - - 3.22% 3.5% 3.65%
EPS 2 2,165 2,643 3,207 3,905 4,737 5,583 6,433 7,325
Distribution rate 46% - - - - 37.3% 35.2% 32.2%
Net sales 1 35,657,263 44,017,299 52,617,901 62,848,794 70,112,826 57,325,549 68,931,917 75,038,085
EBITDA 1 7,057,008 8,594,276 10,704,486 13,074,938 13,883,302 12,706,605 15,009,847 16,427,301
EBIT 1 5,413,099 6,761,142 8,417,937 10,514,877 10,983,777 9,778,532 11,484,740 12,534,103
Net income 1 4,332,535 5,295,017 6,470,522 7,849,035 9,369,310 10,792,662 12,627,991 14,138,833
Net Debt 1 -6,052,816 -7,094,074 -10,337,393 -16,153,300 -19,079,681 -21,730,879 -25,937,777 -31,069,713
Reference price 2 46,325.01 45,966.36 66,059.46 120,553.36 87,090.91 64,700.00 64,700.00 64,700.00
Nbr of stocks (in thousands) 1,821,796 1,835,286 1,847,489 1,860,904 1,873,860 1,873,860 - -
Announcement Date 1/25/22 1/19/23 1/25/24 1/24/25 1/27/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.15x3.63x12.69x3% 212B
-131.72x18.37x101.87x-.--% 118B
13.08x1.46x7.67x3.67% 108B
13.48x2.45x9.24x6.1% 78.59B
19.72x5.2x12.78x2.88% 58.2B
22.67x1.87x11.67x1.29% 44.4B
13.12x1.89x8x5.94% 42.26B
20.9x1.59x10.12x0.89% 40.58B
98.2x9.76x36.48x-.--% 34.12B
Average 10.18x 5.14x 23.39x 2.64% 81.87B
Weighted average by Cap. -2.05x 5.65x 26.56x 2.75%

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