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 1,558,988,058 - -
Change - -43.29% -17.1% -8.84% 743.1% 22.58% - -
Enterprise Value (EV) 464,131,304 199,613,606 165,478,938 150,846,654 1,271,786,314 1,558,988,058 1,558,988,058 1,558,988,058
Change - -56.99% -17.1% -8.84% 743.1% 22.58% 0% 0%
P/E -117x 24.3x 80.4x 12.9x 51.8x 55.4x 53.4x 35.8x
PBR 3.25x - - - - - - -
PEG - -0x -1.1x 0x 0x 3.7x 14.27x 0.7x
Capitalization / Revenue 2.81x 1.96x 1.02x 0.79x 3.82x 3.44x 2.98x 2.66x
EV / Revenue 0x 0x 0x 0x 0x 3.44x 2.98x 2.66x
EV / EBITDA 0x 0x 0x 0x 0x 17.6x 13.9x 11x
EV / EBIT 0x -0x -0x -0x 0x 25.9x 18.5x 12.8x
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 20,275.00 169,600.00 207,900.00 207,900.00 207,900.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
57.38x - - - 62.03B
9.35x3.58x7.21x-.--% 23.27B
7.99x16.28x19.3x6.04% 20.53B
4.23x0.1x0.19x8.18% 14.4B
8.5x16.98x - 6.22% 8.43B
7.72x0.79x6.58x2.6% 5.74B
-2.03x1.61x-237.8x-.--% 5.51B
6.18x13.75x20.09x5.8% 4.55B
9.3x0.56x7.3x4.09% 3.97B
Average 12.07x 6.71x -25.30x 4.12% 16.49B
Weighted average by Cap. 28.11x 7.41x -7.52x 4.07%

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