Company Valuation: Traphaco

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,967,859 3,780,289 3,689,098 3,689,098 3,253,867 3,108,790
Change - 27.37% -2.41% 0% -11.8% -4.46%
Enterprise Value (EV) 1 2,627,509 3,309,117 3,227,397 3,074,674 2,713,414 2,539,407
Change - 25.94% -2.47% -4.73% -11.75% -6.41%
P/E 17.1x 17.6x 15.6x 16.1x 15.7x 14.3x
PBR 2.75x 3.24x 2.89x 2.67x 2.29x 2x
PEG - 0.7x 1.57x -5.88x -1.59x 2.97x
Capitalization / Revenue 1.55x 1.75x 1.54x 1.6x 1.39x 1.17x
EV / Revenue 1.38x 1.53x 1.35x 1.34x 1.16x 0.96x
EV / EBITDA 7.52x 8.09x 7.43x 7.25x 6.89x 6.16x
EV / EBIT 9.77x 10.1x 9.21x 9.22x 8.85x 7.84x
EV / FCF 9.66x 12.6x 32x 12.4x 47x 42.2x
FCF Yield 10.4% 7.92% 3.12% 8.06% 2.13% 2.37%
Dividend per Share 2 1,500 1,500 1,500 2,000 2,000 -
Rate of return 4.19% 3.29% 3.37% 4.49% 5.1% -
EPS 2 2,092 2,588 2,845 2,768 2,495 2,615
Distribution rate 71.7% 57.9% 52.7% 72.3% 80.2% -
Net sales 1 1,908,870 2,160,840 2,398,918 2,299,235 2,347,221 2,657,210
EBITDA 1 349,535 408,895 434,258 424,189 394,063 412,206
EBIT 1 269,072 326,581 350,578 333,373 306,455 323,920
Net income 1 195,787 241,591 269,145 263,248 239,017 249,655
Net Debt 1 -340,350 -471,173 -461,701 -614,424 -540,453 -569,384
Reference price 2 35,800.00 45,600.00 44,500.00 44,500.00 39,250.00 37,500.00
Nbr of stocks (in thousands) 82,901 82,901 82,901 82,901 82,901 82,901
Announcement Date 3/8/21 3/11/22 3/29/23 3/21/24 3/28/25 3/26/26
1VND in Million2VND
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 117M
35.56x12.7x26.67x0.56% 1,068B
28.51x6.52x18.04x2.02% 641B
32.33x7.59x15.6x2.68% 454B
19.49x4.75x11.79x2.78% 351B
22.29x5.76x14.37x2.78% 299B
21.47x4.5x12.72x1.93% 266B
14.4x5.35x11.02x3.48% 220B
24.71x6.49x11.44x2.68% 203B
-47.03x5.64x31.15x2.53% 162B
Average 16.86x 6.59x 16.98x 2.38% 366.35B
Weighted average by Cap. 24.76x 7.96x 18.76x 1.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA