Company Valuation: Traphaco

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 29,67,859 37,80,289 36,89,098 36,89,098 32,53,867 31,08,790
Change - 27.37% -2.41% 0% -11.8% -4.46%
Enterprise Value (EV) 1 26,27,509 33,09,117 32,27,397 30,74,674 27,13,414 25,39,407
Change - 25.94% -2.47% -4.73% -11.75% -6.41%
P/E 17.1x 17.6x 15.6x 16.1x 15.7x 14.3x
PBR 2.75x 3.24x 2.89x 2.67x 2.29x 2x
PEG - 0.7x 1.57x -5.88x -1.59x 2.97x
Capitalization / Revenue 1.55x 1.75x 1.54x 1.6x 1.39x 1.17x
EV / Revenue 1.38x 1.53x 1.35x 1.34x 1.16x 0.96x
EV / EBITDA 7.52x 8.09x 7.43x 7.25x 6.89x 6.16x
EV / EBIT 9.77x 10.1x 9.21x 9.22x 8.85x 7.84x
EV / FCF 9.66x 12.6x 32x 12.4x 47x 42.2x
FCF Yield 10.4% 7.92% 3.12% 8.06% 2.13% 2.37%
Dividend per Share 2 1,500 1,500 1,500 2,000 2,000 -
Rate of return 4.19% 3.29% 3.37% 4.49% 5.1% -
EPS 2 2,092 2,588 2,845 2,768 2,495 2,615
Distribution rate 71.7% 57.9% 52.7% 72.3% 80.2% -
Net sales 1 19,08,870 21,60,840 23,98,918 22,99,235 23,47,221 26,57,210
EBITDA 1 3,49,535 4,08,895 4,34,258 4,24,189 3,94,063 4,12,206
EBIT 1 2,69,072 3,26,581 3,50,578 3,33,373 3,06,455 3,23,920
Net income 1 1,95,787 2,41,591 2,69,145 2,63,248 2,39,017 2,49,655
Net Debt 1 -3,40,350 -4,71,173 -4,61,701 -6,14,424 -5,40,453 -5,69,384
Reference price 2 35,800.00 45,600.00 44,500.00 44,500.00 39,250.00 37,500.00
Nbr of stocks (in thousands) 82,901 82,901 82,901 82,901 82,901 82,901
Announcement Date 08/03/21 11/03/22 29/03/23 21/03/24 28/03/25 26/03/26
1VND in Million2VND
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 12Cr
36.57x13.2x26.79x0.54% 1,14100Cr
30.41x - - 1.96% 66TCr
33.95x7.85x16.34x2.58% 47TCr
20.47x4.85x12.03x2.72% 37TCr
22.39x5.8x14.38x2.75% 30TCr
21x4.33x12.29x2.03% 25TCr
27.98x7.21x12.8x2.28% 24TCr
13.62x4.84x10.15x3.77% 21TCr
-45.1x6.51x25.42x2.23% 18TCr
Average 17.92x 6.82x 16.27x 2.32% 38.21TCr
Weighted average by Cap. 25.80x 8.63x 18.95x 1.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA