VINGROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 44,450 VND | +5.83% |
|
+4.34% | -0.34% |
| 26/04 | Vingroup Joint Stock Company Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 25/04 | VinFast chief planning to invest another $1 billion of his fortune in EV maker | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 36,81,30,831 | 34,96,65,624 | 35,20,19,241 | 19,96,13,606 | 16,54,78,938 | 16,53,54,716 | - | - |
| Enterprise Value (EV) 1 | 47,74,26,489 | 44,64,17,202 | 46,41,31,304 | 19,96,13,606 | 16,54,78,938 | 16,53,54,716 | 16,53,54,716 | 16,53,54,716 |
| P/E ratio | 47.5 x | 68.2 x | -117 x | 24.3 x | 80.4 x | 69.2 x | 61.2 x | 52.6 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 2.81 x | 3.17 x | 2.81 x | 1.96 x | 1.02 x | 0.85 x | 0.81 x | 0.77 x |
| EV / Revenue | 2.81 x | 3.17 x | 2.81 x | 1.96 x | 1.02 x | 0.85 x | 0.81 x | 0.77 x |
| EV / EBITDA | 18.9 x | 61.3 x | 19.7 x | 18.7 x | 11.8 x | 4.62 x | 3.58 x | 3.04 x |
| EV / FCF | -76,98,965 x | -3,57,02,953 x | - | - | - | - | - | - |
| FCF Yield | -0% | -0% | - | - | - | - | - | - |
| Price to Book | 4.84 x | 4.42 x | 3.25 x | - | - | - | - | - |
| Nbr of stocks (in thousands) | 36,01,280 | 36,35,617 | 37,01,569 | 37,10,290 | 37,10,290 | 37,20,016 | - | - |
| Reference price 2 | 1,02,222 | 96,178 | 95,100 | 53,800 | 44,600 | 44,450 | 44,450 | 44,450 |
| Announcement Date | 30/01/20 | 30/01/21 | 14/02/22 | 01/04/23 | 31/01/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,07,89,759 | 11,04,62,372 | 12,53,06,264 | 10,17,93,582 | 16,16,34,280 | 19,53,40,000 | 20,51,16,000 | 21,58,58,000 |
| EBITDA 1 | 1,94,62,222 | 57,01,635 | 1,78,57,771 | 1,06,53,159 | 1,40,01,547 | 3,57,94,000 | 4,62,38,000 | 5,43,97,000 |
| EBIT 1 | 1,06,83,821 | -44,70,248 | 24,51,017 | -1,06,30,914 | -31,26,135 | 1,67,74,000 | 2,56,21,000 | 3,28,53,000 |
| Operating Margin | 8.17% | -4.05% | 1.96% | -10.44% | -1.93% | 8.59% | 12.49% | 15.22% |
| Earnings before Tax (EBT) 1 | 1,56,39,052 | 1,39,61,960 | 33,45,736 | 1,27,55,518 | 1,36,80,996 | 1,12,84,000 | 1,12,05,000 | 1,17,60,000 |
| Net income 1 | 75,05,566 | 51,26,982 | -27,71,444 | 87,81,861 | 20,62,572 | 23,90,000 | 27,02,000 | 31,44,000 |
| Net margin | 5.74% | 4.64% | -2.21% | 8.63% | 1.28% | 1.22% | 1.32% | 1.46% |
| EPS 2 | 2,151 | 1,411 | -815.0 | 2,214 | 555.0 | 642.0 | 726.0 | 845.0 |
| Free Cash Flow | -4,78,15,638 | -97,93,748 | - | - | - | - | - | - |
| FCF margin | -36.56% | -8.87% | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 30/01/20 | 30/01/21 | 14/02/22 | 01/04/23 | 31/01/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 |
|---|---|---|---|---|
| Net sales 1 | 3,44,57,826 | 1,82,39,222 | 1,38,53,819 | 2,87,42,356 |
| EBITDA | - | - | - | - |
| EBIT 1 | -32,95,270 | -61,19,024 | -1,01,14,977 | 87,341 |
| Operating Margin | -9.56% | -33.55% | -73.01% | 0.3% |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income | - | - | - | - |
| Net margin | - | - | - | - |
| EPS 2 | -1,801 | 662.0 | 860.0 | 309.0 |
| Dividend per Share 2 | - | - | - | - |
| Announcement Date | 14/02/22 | 29/04/22 | 29/07/22 | 30/10/22 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 10,92,95,658 | 9,67,51,578 | 11,21,12,063 | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.616 x | 16.97 x | 6.278 x | - | - | - | - | - |
| Free Cash Flow | -4,78,15,638 | -97,93,748 | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 11.5% | 6.6% | -3.1% | 5.95% | 1.78% | 1.9% | 2.2% | 2.5% |
| ROA (Net income/ Total Assets) | 2.15% | 1.24% | -1.77% | 1.75% | 0.33% | 0.1% | 0.1% | 0.1% |
| Assets 1 | 34,83,50,784 | 41,40,00,484 | 15,65,43,380 | 50,28,83,869 | 62,31,33,535 | 2,39,00,00,000 | 2,70,20,00,000 | 3,14,40,00,000 |
| Book Value Per Share | 21,109 | 21,783 | 29,303 | - | - | - | - | - |
| Cash Flow per Share | - | 4,850 | - | - | - | - | - | - |
| Capex 1 | 6,04,35,999 | 2,74,21,946 | 4,09,37,924 | 7,51,61,529 | 5,88,17,491 | 3,81,09,000 | 2,84,84,000 | 3,03,12,000 |
| Capex / Sales | 46.21% | 24.82% | 32.67% | 73.84% | 36.39% | 19.51% | 13.89% | 14.04% |
| Announcement Date | 30/01/20 | 30/01/21 | 14/02/22 | 01/04/23 | 31/01/24 | - | - | - |
1VND in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
44,450
VND
Average target price
49,500
VND
Spread / Average Target
+11.36%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.34% | 6.53B | |
| -9.36% | 22.5B | |
| +9.02% | 10.79B | |
| -34.32% | 10.32B | |
| -28.99% | 7.2B | |
| -5.56% | 7.01B | |
| -3.03% | 6.09B | |
| +12.96% | 3.57B | |
| -5.92% | 3.54B | |
| +27.36% | 3.32B |
- Stock Market
- Equities
- VIC Stock
- Financials Vingroup
