Company Valuation: Vingroup

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,20,19,241 19,96,13,606 16,54,78,938 15,08,46,654 1,27,17,86,314 1,80,71,96,354 - -
Change - -43.29% -17.1% -8.84% 743.1% 42.1% - -
Enterprise Value (EV) 46,41,31,304 19,96,13,606 16,54,78,938 15,08,46,654 1,27,17,86,314 1,80,71,96,354 1,80,71,96,354 1,80,71,96,354
Change - -56.99% -17.1% -8.84% 743.1% 42.1% 0% 0%
P/E -117x 24.3x 80.4x 12.9x 51.8x 65.2x 65.1x 45.4x
PBR 3.25x - - - - - - -
PEG - -0x -1.1x 0x 0x 5x 1,204.02x 1x
Capitalization / Revenue 2.81x 1.96x 1.02x 0.79x 3.82x 3.97x 3.23x 2.67x
EV / Revenue 0x 0x 0x 0x 0x 3.97x 3.23x 2.67x
EV / EBITDA 0x 0x 0x 0x 0x 21.9x 15.8x 11.7x
EV / EBIT 0x -0x -0x -0x 0x 33.2x 20.7x 13.3x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -407.5 1,107 277.5 1,578 3,271 3,699 3,701 5,310
Distribution rate - - - - - - - -
Net sales 1 12,53,06,264 10,17,93,582 16,16,34,280 19,21,59,467 33,27,70,342 45,55,36,500 55,88,24,500 67,78,16,000
EBITDA 1 1,78,57,771 1,06,53,159 1,40,01,547 1,57,75,910 3,79,33,399 8,26,78,500 11,45,73,000 15,42,94,000
EBIT 1 24,51,017 -1,06,30,914 -31,26,135 -69,69,872 56,35,940 5,45,12,000 8,74,52,000 13,56,34,000
Net income 1 -27,71,444 87,81,861 20,62,572 1,17,35,294 1,34,46,455 2,84,79,500 2,84,96,500 4,06,78,000
Net Debt 11,21,12,063 - - - - - - -
Reference price 2 47,550.00 26,900.00 22,300.00 20,275.00 1,69,600.00 2,41,000.00 2,41,000.00 2,41,000.00
Nbr of stocks (in thousands) 74,03,139 74,20,580 74,20,580 74,40,032 74,98,740 74,98,740 - -
Announcement Date 14/02/22 01/04/23 31/01/24 15/01/25 30/01/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
64.94x - - - 6.97TCr
12.56x4.4x11.29x3.83% 3.98TCr
18.68x4.05x16.29x1.31% 2.88TCr
14.58x3.16x15.14x2.4% 2.69TCr
8.07x1.47x8.25x4.39% 2.69TCr
5.7x0.76x1.57x8.68% 2.77TCr
8.52x3.02x7.05x-.--% 2.02TCr
10.26x2.01x7.76x4.09% 2.06TCr
13.34x6.46x16.98x1.63% 1.91TCr
7.46x0.83x3.01x3% 1.91TCr
Average 16.41x 2.91x 9.70x 3.26% 2.99TCr
Weighted average by Cap. 23.81x 2.96x 9.93x 3.43%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Vingroup

Historical PBR trend

Valuation ratios - PBR - Vingroup

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Vingroup

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Vingroup


Year-on-year evolution of the Yield

Valuation ratios - Yield - Vingroup