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 1,59,79,81,507 - -
Change - -43.29% -17.1% -8.84% 743.1% 25.65% - -
Enterprise Value (EV) 46,41,31,304 19,96,13,606 16,54,78,938 15,08,46,654 1,27,17,86,314 1,59,79,81,507 1,59,79,81,507 1,59,79,81,507
Change - -56.99% -17.1% -8.84% 743.1% 25.65% 0% 0%
P/E -117x 24.3x 80.4x 12.9x 51.8x 56.7x 54.7x 36.7x
PBR 3.25x - - - - - - -
PEG - -0x -1.1x 0x 0x 3.8x 14.62x 0.7x
Capitalization / Revenue 2.81x 1.96x 1.02x 0.79x 3.82x 3.53x 3.05x 2.73x
EV / Revenue 0x 0x 0x 0x 0x 3.53x 3.05x 2.73x
EV / EBITDA 0x 0x 0x 0x 0x 18.1x 14.3x 11.3x
EV / EBIT 0x -0x -0x -0x 0x 26.5x 19x 13.1x
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 2,13,100.00 2,13,100.00 2,13,100.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
56.74x - - - 6.07TCr
9.88x3.37x8.95x-.--% 2.03TCr
7.55x16.21x19.16x6.18% 2TCr
4.24x0.09x0.18x8.22% 1.43TCr
8.39x16.87x - 6.31% 820.71Cr
7.83x0.81x6.63x2.5% 569.55Cr
-1.78x1.76x129.58x-.--% 508.71Cr
5.38x13.74x20.44x5.91% 443.55Cr
9.32x0.56x7.45x4.08% 381Cr
Average 11.95x 6.68x 27.48x 4.15% 1.58TCr
Weighted average by Cap. 28.20x 7.44x 18.78x 4.27%

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