Company Valuation: Vietnam Rubber Industry Group -

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
Market Cap 1 14,78,00,000 8,48,00,000 12,14,00,000 10,48,00,000 11,40,00,000 - -
Change - - 43.16% -13.67% 8.78% - -
Enterprise Value (EV) 14,78,00,000 8,48,00,000 12,14,00,000 10,48,00,000 11,40,00,000 11,40,00,000 11,40,00,000
Change - - 43.16% -13.67% 8.78% 0% 0%
P/E - 43.7x 23.5x 21x 16.7x 15x 14.8x
PBR - - 2.29x 1.86x 1.75x 1.59x 1.4x
PEG - - 0x -6.94x 0.5x 1.4x 9.45x
Capitalization / Revenue - 3.83x 4.62x 3.6x 3.48x 3.5x 3.35x
EV / Revenue - 0x 0x 0x 3.48x 3.5x 3.35x
EV / EBITDA 0x 0x 0x 0x 12.8x 13.1x 11.4x
EV / EBIT - 0x 0x 0x 18.9x 18.8x 16.9x
EV / FCF - - - - 20x 18.7x 17x
FCF Yield - - - - 4.99% 5.34% 5.89%
Dividend per Share 2 600 - - - 1,000 766.7 766.7
Rate of return 1.62% - - - 3.51% 2.69% 2.69%
EPS 2 - 485 1,289 1,250 1,710 1,899 1,929
Distribution rate - - - - 58.5% 40.4% 39.7%
Net sales 1 - 2,21,38,403 2,62,54,333 2,90,78,056 3,27,35,000 3,25,53,400 3,40,62,667
EBITDA 1 74,98,877 49,95,423 68,39,690 80,68,273 89,05,000 86,89,667 1,00,28,000
EBIT 1 - 25,06,997 42,13,868 49,65,910 60,43,600 60,55,000 67,34,333
Net income 1 - 26,23,175 42,13,320 53,18,552 68,39,000 75,97,800 74,33,000
Net Debt - - - - - - -
Reference price 2 36,950.00 21,200.00 30,350.00 26,200.00 28,500.00 28,500.00 28,500.00
Nbr of stocks (in thousands) 40,00,000 40,00,000 40,00,000 40,00,000 40,00,000 - -
Announcement Date 05/04/22 20/03/24 26/01/25 29/03/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.49x - - 3.55% 429.13Cr
14.05x1.05x5.65x3.38% 3.12TCr
14.11x1.03x5.74x3.9% 2.71TCr
9.54x1.22x5.95x3.01% 737.52Cr
10.48x1.06x6.17x2.71% 654.38Cr
9.94x - - 3.06% 650.81Cr
9.24x0.93x4.27x3.44% 405.47Cr
10.09x0.65x5.12x4.04% 367.4Cr
34.85x1.86x10.54x1.95% 243.61Cr
-17.49x0.41x4.82x-.--% 201.42Cr
Average 11.13x 1.02x 6.03x 2.9% 951.92Cr
Weighted average by Cap. 12.81x 1.04x 5.78x 3.36%

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

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