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 1,60,54,80,247 - -
Change - -43.29% -17.1% -8.84% 743.1% 26.24% - -
Enterprise Value (EV) 46,41,31,304 19,96,13,606 16,54,78,938 15,08,46,654 1,27,17,86,314 1,60,54,80,247 1,60,54,80,247 1,60,54,80,247
Change - -56.99% -17.1% -8.84% 743.1% 26.24% 0% 0%
P/E -117x 24.3x 80.4x 12.9x 51.8x 57x 55x 36.9x
PBR 3.25x - - - - - - -
PEG - -0x -1.1x 0x 0x 3.8x 14.7x 0.8x
Capitalization / Revenue 2.81x 1.96x 1.02x 0.79x 3.82x 3.54x 3.07x 2.74x
EV / Revenue 0x 0x 0x 0x 0x 3.54x 3.07x 2.74x
EV / EBITDA 0x 0x 0x 0x 0x 18.1x 14.3x 11.3x
EV / EBIT 0x -0x -0x -0x 0x 26.7x 19.1x 13.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -407.5 1,107 277.5 1,578 3,271 3,756 3,896 5,806
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 45,30,54,500 52,35,81,000 58,63,03,000
EBITDA 1 1,78,57,771 1,06,53,159 1,40,01,547 1,57,75,910 3,79,33,399 8,85,21,000 11,20,76,500 14,18,17,000
EBIT 1 24,51,017 -1,06,30,914 -31,26,135 -69,69,872 56,35,940 6,02,32,500 8,41,66,500 12,15,80,000
Net income 1 -27,71,444 87,81,861 20,62,572 1,17,35,294 1,34,46,455 2,88,15,000 2,98,82,000 4,41,45,000
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 2,14,100.00 2,14,100.00 2,14,100.00
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.($)
57.01x - - - 6.11TCr
11.26x3.79x10.06x-.--% 2.31TCr
7.99x16.28x19.23x6.1% 2.05TCr
4.15x0.06x0.13x8.35% 1.41TCr
8.53x17.01x - 6.2% 843.82Cr
7.95x0.81x6.71x2.46% 594.06Cr
-1.94x1.73x114.59x-.--% 550.61Cr
5.43x13.78x20.5x5.85% 452.49Cr
9.45x0.57x7.52x4.02% 396.92Cr
Average 12.20x 6.75x 25.53x 4.12% 1.64TCr
Weighted average by Cap. 28.09x 7.49x 18.31x 4.09%

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