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 12,54,00,000 - -
Change - - 43.16% -13.67% 19.66% - -
Enterprise Value (EV) 14,78,00,000 8,48,00,000 12,14,00,000 10,48,00,000 12,54,00,000 12,54,00,000 12,54,00,000
Change - - 43.16% -13.67% 19.66% 0% 0%
P/E - 43.7x 23.5x 21x 17.6x 16.3x 16.3x
PBR - - 2.29x 1.86x 1.92x 1.75x 1.54x
PEG - - 0x -6.94x 0.4x 2.08x 66.03x
Capitalization / Revenue - 3.83x 4.62x 3.6x 3.88x 3.86x 3.68x
EV / Revenue - 0x 0x 0x 3.88x 3.86x 3.68x
EV / EBITDA 0x 0x 0x 0x 14.1x 14.4x 12.5x
EV / EBIT - 0x 0x 0x 20.7x 20.7x 18.6x
EV / FCF - - - - 22.1x 20.6x 18.7x
FCF Yield - - - - 4.53% 4.85% 5.36%
Dividend per Share 2 600 - - - 1,000 766.7 766.7
Rate of return 1.62% - - - 3.19% 2.45% 2.45%
EPS 2 - 485 1,289 1,250 1,784 1,924 1,929
Distribution rate - - - - 56% 39.8% 39.7%
Net sales 1 - 2,21,38,403 2,62,54,333 2,90,78,056 3,23,38,200 3,24,61,000 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 69,70,750 75,17,667 74,33,000
Net Debt - - - - - - -
Reference price 2 36,950.00 21,200.00 30,350.00 26,200.00 31,350.00 31,350.00 31,350.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.48x - - 3.21% 477.21Cr
14.6x1.11x5.82x3.18% 3.23TCr
14.03x1.02x5.71x3.9% 2.72TCr
9.88x1.28x6.21x3.04% 778.19Cr
10.13x1.02x5.97x2.8% 633.52Cr
9.31x - - 3.27% 610.94Cr
10.68x0.7x5.38x4.09% 396.02Cr
8.48x0.87x4.08x3.7% 367.75Cr
130.98x - - - 254.94Cr
34.85x1.86x10.54x1.95% 245.13Cr
Average 26.04x 1.12x 6.24x 3.24% 971.34Cr
Weighted average by Cap. 16.75x 1.08x 5.87x 3.38%

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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