Company Valuation: CMC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 3,599,995 6,866,930 7,644,783 7,591,578 8,029,431 6,707,391
Change - 90.75% 11.33% -0.7% 5.77% -16.46%
Enterprise Value (EV) 1 3,567,380 7,001,348 7,360,216 7,534,258 7,741,416 6,922,546
Change - 96.26% 5.13% 2.36% 2.75% -10.58%
P/E 23.5x 29.4x 19.5x 26.4x 26.6x 15.4x
PBR 1.83x 3.17x 2.43x 2.88x 2.75x 2.05x
PEG - 0.6x 0.6x -4x 5.4x 0.4x
Capitalization / Revenue 0.69x 1.09x 1x 1.03x 0.98x 0.7x
EV / Revenue 0.69x 1.11x 0.96x 1.03x 0.94x 0.72x
EV / EBITDA 7.68x 12x 10.2x 9.93x 9.46x 7.38x
EV / EBIT 14.3x 19.7x 18.6x 18.9x 17.2x 12.8x
EV / FCF -86.1x -28.1x 18.1x -110x -122x -13x
FCF Yield -1.16% -3.56% 5.51% -0.91% -0.82% -7.68%
Dividend per Share 2 - 282.9 - - - -
Rate of return - 0.95% - - - -
EPS 2 662.3 1,010 1,325 1,237 1,298 1,866
Distribution rate - 28% - - - -
Net sales 1 5,181,109 6,290,385 7,663,640 7,341,773 8,202,642 9,560,842
EBITDA 1 464,315 584,340 719,677 758,849 818,157 937,493
EBIT 1 250,244 355,433 396,119 398,216 451,062 542,090
Net income 1 175,423 241,532 310,517 336,519 348,641 402,841
Net Debt 1 -32,615 134,419 -284,568 -57,321 -288,015 215,154
Reference price 2 15,574.69 29,708.72 25,893.92 32,719.08 34,545.45 28,800.00
Nbr of stocks (in thousands) 231,144 231,142 295,235 232,023 232,431 232,896
Announcement Date 6/30/21 A 6/30/22 A 6/30/23 A 7/1/24 A 6/28/25 A 5/4/26 A
1VND in Million2VND
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 231M
21.83x3.49x12.38x3.17% 200B
-94.18x14.89x86.21x-.--% 93.2B
10.67x1.17x6.15x4.52% 87.86B
14.71x2.68x10.13x5.59% 85.25B
19.62x5.15x12.71x2.9% 59.17B
14.24x2.08x8.72x5.47% 46.1B
20.09x1.49x9.43x0.98% 35.57B
18.84x1.52x9.54x1.58% 35.24B
16.4x2.11x9.79x5.27% 33.83B
Average 4.69x 3.84x 18.34x 3.27% 67.63B
Weighted average by Cap. 2.26x 4.43x 20.81x 3.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation CMC Corporation