Company Valuation: SEAREFICO Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 402,372 567,618 351,383 280,430 298,337 284,485
Change - 41.07% -38.1% -20.19% 6.39% -4.64%
Enterprise Value (EV) 1 945,991 1,089,379 497,180 499,852 652,178 752,894
Change - 15.16% -54.36% 0.54% 30.47% 15.44%
P/E 10.1x 22.8x -2.44x 106x 171x 14.2x
PBR 0.87x 1.17x 1.03x 0.82x 0.87x 0.79x
PEG - -0.6x 0x -1x -5x 0x
Capitalization / Revenue 0.27x 0.61x 0.3x 0.17x 0.28x 0.24x
EV / Revenue 0.64x 1.17x 0.42x 0.3x 0.6x 0.62x
EV / EBITDA 13.3x 19.5x -2.99x 8.19x 20.5x -13.4x
EV / EBIT 16.1x 27.8x -2.71x 11.5x 50.7x -10.1x
EV / FCF 69.2x -120x 2.26x -6.25x -4.59x -4.96x
FCF Yield 1.45% -0.83% 44.2% -16% -21.8% -20.2%
Dividend per Share 2 - - - - - 500
Rate of return - - - - - 5.94%
EPS 2 1,180 737.6 -4,269 78.62 51.68 591.3
Distribution rate - - - - - 84.6%
Net sales 1 1,486,297 930,440 1,185,608 1,643,513 1,082,727 1,207,521
EBITDA 1 71,126 55,776 -166,515 61,047 31,841 -56,267
EBIT 1 58,823 39,239 -183,331 43,522 12,866 -74,606
Net income 1 39,879 29,465 -141,294 2,987 1,746 19,977
Net Debt 1 543,620 521,761 145,798 219,422 353,840 468,409
Reference price 2 11,909.09 16,800.00 10,400.00 8,300.00 8,830.00 8,420.00
Nbr of stocks (in thousands) 33,787 33,787 33,787 33,787 33,787 33,787
Announcement Date 3/31/21 3/30/22 3/21/23 6/5/24 3/28/25 3/29/26
1VND in Million2VND
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 9.31M
48.34x2.36x22.82x0.07% 93.6B
12.22x1.04x5.74x4.76% 68.46B
26.2x2x20.18x1.13% 57.18B
23.64x2.88x15.98x0.28% 41.92B
53.51x4.18x26.23x1.76% 41.57B
26.15x0.65x10.7x2.38% 31.86B
19.79x1.38x12.44x0.22% 29.89B
5.9x0.34x6.97x4.82% 28.89B
21.72x0.41x6.46x2.81% 27.15B
Average 26.39x 1.69x 14.17x 2.02% 42.05B
Weighted average by Cap. 29.15x 1.87x 15.54x 1.85%

Y-o-Y evolution of P/E

Valuation ratios - P/E - SEAREFICO Corporation

Historical PBR trend

Valuation ratios - PBR - SEAREFICO Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - SEAREFICO Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - SEAREFICO Corporation

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