Company Valuation: Vietnam Rubber Industry Group -

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
Market Cap 1 147,800,000 84,800,000 121,400,000 104,800,000 122,400,000 - -
Change - - 43.16% -13.67% 16.79% - -
Enterprise Value (EV) 147,800,000 84,800,000 121,400,000 104,800,000 122,400,000 122,400,000 122,400,000
Change - - 43.16% -13.67% 16.79% 0% 0%
P/E - 43.7x 23.5x 21x 13x 16.2x 15.7x
PBR - - 2.29x 1.86x 1.81x 1.63x 1.51x
PEG - - 0x -6.94x 0.1x -0.8x 5.44x
Capitalization / Revenue - 3.83x 4.62x 3.6x 3.7x 3.78x 3.54x
EV / Revenue - 0x 0x 0x 3.7x 3.78x 3.54x
EV / EBITDA 0x 0x 0x 0x 13x 13.4x 11.4x
EV / EBIT - 0x 0x 0x 20.3x 19.6x 16.3x
EV / FCF - - - - 19.8x 19.2x 17.8x
FCF Yield - - - - 5.05% 5.2% 5.61%
Dividend per Share 2 600 - - - 1,600 1,300 1,600
Rate of return 1.62% - - - 5.23% 4.25% 5.23%
EPS 2 - 485 1,289 1,250 2,360 1,894 1,949
Distribution rate - - - - 67.8% 68.6% 82.1%
Net sales 1 - 22,138,403 26,254,333 29,078,056 33,062,667 32,416,667 34,614,000
EBITDA 1 7,498,877 4,995,423 6,839,690 8,068,273 9,403,000 9,163,500 10,762,000
EBIT 1 - 2,506,997 4,213,868 4,965,910 6,024,500 6,245,333 7,487,000
Net income 1 - 2,623,175 4,213,320 5,318,552 9,193,000 7,577,667 7,795,000
Net Debt - - - - - - -
Reference price 2 36,950.00 21,200.00 30,350.00 26,200.00 30,600.00 30,600.00 30,600.00
Nbr of stocks (in thousands) 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 - -
Announcement Date 4/5/22 3/20/24 1/26/25 3/29/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.35x - - 5.08% 4.79B
12.75x0.97x5.18x3.72% 27.49B
13.61x1.02x5.65x3.92% 26.72B
9.8x1.24x6.05x2.9% 7.29B
9.41x - - 3.24% 6.12B
9.06x0.93x5.41x3.12% 5.65B
8.78x0.88x4.01x3.63% 3.7B
10.04x0.65x5.1x4.07% 3.55B
136.18x - - - 2.63B
38.42x1.66x9.72x2.15% 2.03B
Average 26.14x 1.05x 5.87x 3.54% 9B
Weighted average by Cap. 16.25x 1.01x 5.50x 3.69%

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

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  4. Valuation Vietnam Rubber Industry Group -