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 1,563,487,303 - -
Change - -43.29% -17.1% -8.84% 743.1% 22.94% - -
Enterprise Value (EV) 464,131,304 199,613,606 165,478,938 150,846,654 1,271,786,314 1,563,487,303 1,563,487,303 1,563,487,303
Change - -56.99% -17.1% -8.84% 743.1% 22.94% 0% 0%
P/E -117x 24.3x 80.4x 12.9x 51.8x 55.5x 53.5x 35.9x
PBR 3.25x - - - - - - -
PEG - -0x -1.1x 0x 0x 3.7x 14.3x 0.7x
Capitalization / Revenue 2.81x 1.96x 1.02x 0.79x 3.82x 3.45x 2.99x 2.67x
EV / Revenue 0x 0x 0x 0x 0x 3.45x 2.99x 2.67x
EV / EBITDA 0x 0x 0x 0x 0x 17.7x 14x 11x
EV / EBIT 0x -0x -0x -0x 0x 26x 18.6x 12.9x
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 20,275.00 169,600.00 208,500.00 208,500.00 208,500.00
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 14/2/22 1/4/23 31/1/24 15/1/25 30/1/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
55.52x - - - 59.78B
11.51x3.86x7.02x-.--% 22.49B
8x16.29x19.31x6.03% 20.58B
4.26x0.11x0.21x8.13% 14.48B
8.49x16.97x - 6.23% 8.43B
7.51x0.78x6.45x2.67% 5.6B
-1.81x1.6x114.25x-.--% 5.39B
6.07x13.75x20.08x5.8% 4.56B
9.47x0.57x7.52x4.01% 3.99B
Average 12.11x 6.74x 24.98x 4.11% 16.14B
Weighted average by Cap. 27.35x 7.54x 17.28x 4.11%

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