Company Valuation: Binh Minh Plastics

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 49,03,470 49,11,656 85,38,096 1,07,31,969 1,43,25,664 1,15,42,392 - -
Change - 0.17% 73.83% 25.7% 33.49% -19.43% - -
Enterprise Value (EV) 49,03,470 49,11,656 85,38,096 1,07,31,969 1,43,25,664 1,15,42,392 1,15,42,392 1,15,42,392
Change - 0.17% 73.83% 25.7% 33.49% -19.43% 0% 0%
P/E 22.9x 7.05x 8.2x 10.8x 11.7x 8.77x 9.07x -
PBR 2.14x 1.87x 3.17x 3.97x 4.98x 3.84x 3.94x -
PEG - 0x 0.2x -2.24x 0.5x 1.24x -2.77x -
Capitalization / Revenue 1.08x 0.85x 1.66x 2.33x 2.6x 1.89x 1.66x 1.42x
EV / Revenue 0x 0x 0x 0x 0x 1.89x 1.66x 1.42x
EV / EBITDA 0x 0x 0x 0x 0x 6.22x 6.28x 6.61x
EV / EBIT 0x 0x 0x 0x 0x 6.61x 6.68x 7.08x
EV / FCF -0x 0x - 0x 0x 9.85x 9.24x 9.07x
FCF Yield -1.55% 14.8% - 7.38% 7.63% 10.2% 10.8% 11%
Dividend per Share 2 1,250 - 12,600 11,990 - 15,311 15,378 14,000
Rate of return 2.09% - 12.1% 9.15% - 10.9% 10.9% 9.93%
EPS 2 2,618 8,505 12,717 12,103 15,010 16,071 15,545 -
Distribution rate 47.7% - 99.1% 99.1% - 95.3% 98.9% -
Net sales 1 45,52,757 58,08,344 51,56,984 46,15,679 55,09,578 60,98,500 69,53,000 81,27,000
EBITDA 1 5,19,776 10,39,410 14,76,402 13,40,053 17,55,404 18,56,333 18,37,500 17,45,000
EBIT 1 2,65,625 8,69,263 13,04,061 12,28,940 15,34,839 17,45,333 17,27,000 16,30,000
Net income 1 2,14,284 6,96,261 10,41,006 9,90,762 12,28,735 13,16,400 11,88,750 11,73,000
Net Debt - - - - - - - -
Reference price 2 59,900.00 60,000.00 1,04,300.00 1,31,100.00 1,75,000.00 1,41,000.00 1,41,000.00 1,41,000.00
Nbr of stocks (in thousands) 81,861 81,861 81,861 81,861 81,861 81,861 - -
Announcement Date 25/01/22 17/01/23 24/01/24 23/01/25 16/01/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.77x - - 10.86% 44Cr
20.33x1.46x13.98x1.63% 4.32TCr
22.59x2.84x13.93x1.94% 3.92TCr
11.36x0.9x5.85x3.5% 3.69TCr
27.71x5.56x18.84x2.49% 2.1TCr
23.75x2.01x14.58x0.62% 2.07TCr
15.22x2.1x10.47x1.87% 1.34TCr
17.64x2.93x12.08x1.4% 1.3TCr
-21.93x1.44x16.21x3.03% 1.25TCr
20.49x3.23x10.69x0.63% 959.68Cr
Average 14.59x 2.50x 12.96x 2.8% 2.1TCr
Weighted average by Cap. 17.22x 2.30x 12.72x 2.06%

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

  1. Stock Market
  2. Stocks
  3. BMP Stock
  4. Valuation Binh Minh Plastics