Company Valuation: FECON Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,673,047 3,449,573 1,479,927 2,259,250 2,298,609 2,298,609
Change - 106.18% -57.1% 52.66% 1.74% 0%
Enterprise Value (EV) 1 2,873,493 5,560,249 3,984,737 4,478,499 5,679,265 5,566,222
Change - 93.5% -28.34% 12.39% 26.81% -1.99%
P/E 14.4x 51.5x 37.4x -70.4x 248x 72.8x
PBR 0.76x 1.63x 0.56x 0.9x 0.92x 0.91x
PEG - -1.2x -0.7x 0x -2x 0x
Capitalization / Revenue 0.53x 0.99x 0.49x 0.78x 0.68x 0.47x
EV / Revenue 0.91x 1.6x 1.31x 1.56x 1.68x 1.14x
EV / EBITDA 8.62x 16.5x 15x 10.6x 15.4x 10.9x
EV / EBIT 11.1x 22.8x 34.7x 17.6x 27.9x 14.7x
EV / FCF -5.12x -4.49x -3.89x 8.49x -4.98x -3.46x
FCF Yield -19.5% -22.3% -25.7% 11.8% -20.1% -28.9%
Dividend per Share 2 300 300 500 - - -
Rate of return 2.22% 1.09% 5.32% - - -
EPS 2 939.7 534.4 251.6 -203.9 58.87 200.6
Distribution rate 31.9% 56.1% 199% - - -
Net sales 1 3,154,194 3,484,219 3,045,530 2,879,567 3,374,697 4,862,724
EBITDA 1 333,357 337,328 265,633 420,745 367,873 508,413
EBIT 1 259,199 244,374 114,756 255,183 203,476 379,713
Net income 1 118,696 68,374 39,609 -32,096 9,269 31,587
Net Debt 1 1,200,445 2,110,677 2,504,810 2,219,250 3,380,656 3,267,612
Reference price 2 13,500.00 27,500.00 9,400.00 14,350.00 14,600.00 14,600.00
Nbr of stocks (in thousands) 123,929 125,439 157,439 157,439 157,439 157,439
Announcement Date 4/12/21 A 3/31/22 A 4/3/23 A 3/30/24 A 3/31/25 A 3/31/26 A
1VND in Million2VND
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 63.54M
54.55x2.52x24.05x0.07% 95B
11.88x1.03x5.64x4.92% 67.36B
24.45x1.91x18.77x1.19% 52.65B
29.59x3.7x20.07x0.23% 50.56B
46.09x3.73x23.54x2.1% 35.86B
22x1.51x13.93x0.21% 31.83B
25.73x0.64x10.55x2.42% 31.54B
5.24x0.32x6.06x5.38% 28.04B
21.45x0.4x6.34x2.87% 26.93B
Average 26.78x 1.75x 14.33x 2.15% 41.98B
Weighted average by Cap. 30.15x 1.95x 15.79x 1.9%

Y-o-Y evolution of P/E

Valuation ratios - P/E - FECON Corporation

Historical PBR trend

Valuation ratios - PBR - FECON Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - FECON Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - FECON Corporation

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