Valuation The Southern Rubber Industry

Stocks

End-of-day quote Ho Chi Minh S.E. 21/08/2026			5-day change	1st Jan Change
13,950.00 ^VND	0.00%		0.00%	+4.49%

14/08	The Southern Rubber Industry Joint Stock Company Announces Executive Changes	CI
05/08	The Southern Rubber Industry Joint Stock Company Provides Earnings Guidance for the Third Quarter and Full Year 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	18,23,805	19,58,517	14,92,204	12,64,228	16,01,010	13,83,397
Change	-	7.39%	-23.81%	-15.28%	26.64%	-13.59%
Enterprise Value (EV) ¹	36,90,747	41,56,854	37,43,121	29,61,335	30,44,408	24,35,640
Change	-	12.63%	-9.95%	-20.89%	2.81%	-20%
P/E	20.1x	46.6x	26x	31.8x	35.7x	32.5x
PBR	1.43x	1.56x	1.15x	0.95x	1.18x	1.01x
PEG	-	-0.9x	0.7x	-1x	2.8x	-6.42x
Capitalization / Revenue	0.39x	0.4x	0.28x	0.24x	0.34x	0.33x
EV / Revenue	0.79x	0.86x	0.7x	0.57x	0.65x	0.59x
EV / EBITDA	8.08x	11x	8.07x	7.97x	9.95x	9.03x
EV / EBIT	15.3x	24.7x	15x	17.4x	26.3x	21.4x
EV / FCF	15x	-14x	-888x	5.61x	14.7x	6.24x
FCF Yield	6.65%	-7.13%	-0.11%	17.8%	6.79%	16%
Dividend per Share ²	-	300	300	300	300	-
Rate of return	-	1.59%	2.08%	2.46%	1.94%	-
EPS ²	874.9	405.5	554.2	383.8	432.6	410.7
Distribution rate	-	74%	54.1%	78.2%	69.4%	-
Net sales ¹	46,92,034	48,39,508	53,20,632	52,34,907	47,12,176	41,42,875
EBITDA ¹	4,56,525	3,77,108	4,64,111	3,71,774	3,05,873	2,69,697
EBIT ¹	2,40,871	1,68,342	2,49,823	1,70,668	1,15,562	1,13,819
Net income ¹	90,661	42,015	79,185	60,375	72,071	42,555
Net Debt ¹	18,66,942	21,98,336	22,50,917	16,97,107	14,43,398	10,52,243
Reference price ²	17,600.00	18,900.00	14,400.00	12,200.00	15,450.00	13,350.00
Nbr of stocks (in thousands)	1,03,625	1,03,625	1,03,625	1,03,625	1,03,625	1,03,625
Announcement Date	02/04/21	10/03/22	24/03/23	19/03/24	21/03/25	16/03/26

¹VND in Million²VND

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
THE SOUTHERN RUBBER INDUSTRY	-	-	-	-	5.54Cr
PIRELLI & C. S.P.A.	14.2x	1.22x	5.28x	4.03%	831.21Cr
MRF LIMITED	25.69x	1.69x	12.71x	0.18%	593.94Cr
HANKOOK TIRE & TECHNOLOGY CO., LTD.	6.05x	0.52x	3.31x	4.72%	582.25Cr
BALKRISHNA INDUSTRIES LIMITED	29.07x	3.61x	17.13x	0.74%	480.19Cr
CHENG SHIN RUBBER IND. CO., LTD.	22.5x	1.24x	8.06x	3.56%	319.67Cr
APOLLO TYRES LIMITED	16.36x	0.95x	7.55x	1.48%	284.95Cr
SHANDONG LINGLONG TYRE CO.,LTD.	14.67x	0.97x	7.38x	2.65%	242.39Cr
QINGDAO SENTURY TIRE CO., LTD.	9.41x	-	-	5.14%	218.94Cr
TRIANGLE TYRE CO.,LTD	10.48x	-	-	-	154.98Cr
Average	16.49x	1.46x	8.77x	2.81%	371.41Cr
Weighted average by Cap.	17.16x	1.49x	8.58x	2.78%