Company Valuation: Vingroup

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 352,019,241 199,613,606 165,478,938 150,846,654 1,271,786,314 1,651,972,435 - -
Change - -43.29% -17.1% -8.84% 743.1% 29.89% - -
Enterprise Value (EV) 464,131,304 199,613,606 165,478,938 150,846,654 1,271,786,314 1,651,972,435 1,651,972,435 1,651,972,435
Change - -56.99% -17.1% -8.84% 743.1% 29.89% 0% 0%
P/E -117x 24.3x 80.4x 12.9x 51.8x 58.7x 56.5x 37.9x
PBR 3.25x - - - - - - -
PEG - -0x -1.1x 0x 0x 4x 15.1x 0.8x
Capitalization / Revenue 2.81x 1.96x 1.02x 0.79x 3.82x 3.65x 3.16x 2.82x
EV / Revenue 0x 0x 0x 0x 0x 3.65x 3.16x 2.82x
EV / EBITDA 0x 0x 0x 0x 0x 18.7x 14.7x 11.6x
EV / EBIT 0x -0x -0x -0x 0x 27.4x 19.6x 13.6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -407.5 1,107 277.5 1,578 3,271 3,756 3,896 5,806
Distribution rate - - - - - - - -
Net sales 1 125,306,264 101,793,582 161,634,280 192,159,467 332,770,342 453,054,500 523,581,000 586,303,000
EBITDA 1 17,857,771 10,653,159 14,001,547 15,775,910 37,933,399 88,521,000 112,076,500 141,817,000
EBIT 1 2,451,017 -10,630,914 -3,126,135 -6,969,872 5,635,940 60,232,500 84,166,500 121,580,000
Net income 1 -2,771,444 8,781,861 2,062,572 11,735,294 13,446,455 28,815,000 29,882,000 44,145,000
Net Debt 112,112,063 - - - - - - -
Reference price 2 47,550.00 26,900.00 22,300.00 20,275.00 169,600.00 220,300.00 220,300.00 220,300.00
Nbr of stocks (in thousands) 7,403,139 7,420,580 7,420,580 7,440,032 7,498,740 7,498,740 - -
Announcement Date 2/14/22 4/1/23 1/31/24 1/15/25 1/30/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
57.81x - - - 62.02B
11.3x3.51x10.1x-.--% 23.27B
7.77x16.36x19.63x6% 20.62B
4.43x0.27x0.56x7.67% 15.51B
8.51x16.99x - 6.22% 8.33B
7.72x0.8x6.56x2.54% 5.66B
-2.15x1.58x69.79x-.--% 5B
5.76x14.05x21.08x5.52% 4.75B
9.7x0.49x6.49x4.78% 3.63B
Average 12.32x 6.76x 19.17x 4.09% 16.53B
Weighted average by Cap. 28.52x 7.44x 14.77x 4.06%

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