Company Valuation: Sam Holdings Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,498,677 8,823,356 2,283,565 2,492,544 2,849,707 3,039,688
Change - 253.12% -74.12% 9.15% 14.33% 6.67%
Enterprise Value (EV) 1 3,019,207 9,602,954 3,495,613 3,253,661 3,494,637 4,102,442
Change - 218.06% -63.6% -6.92% 7.41% 17.39%
P/E 37x 58.4x 835x 137x 34.1x 31.9x
PBR 0.88x 2.24x 0.58x 0.63x 0.71x 0.74x
PEG - 0.9x -8.5x 0x 0x 2.2x
Capitalization / Revenue 1.3x 4.67x 1.08x 1.13x 0.71x 0.5x
EV / Revenue 1.57x 5.08x 1.66x 1.48x 0.87x 0.67x
EV / EBITDA 41.9x 963x 68.4x 56.5x 34.3x 42.3x
EV / EBIT 204x -209x -1,165x 212x 57.4x 66.8x
EV / FCF 45x -11.1x -11.7x 6.64x -26.9x -7.16x
FCF Yield 2.22% -9.02% -8.58% 15.1% -3.72% -14%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 233.7 382.9 6.792 45.06 207.3 237
Distribution rate - - - - - -
Net sales 1 1,919,269 1,888,697 2,109,065 2,200,116 4,038,231 6,126,008
EBITDA 1 72,017 9,970 51,105 57,543 102,001 96,962
EBIT 1 14,798 -45,972 -2,999 15,339 60,927 61,370
Net income 1 93,079 154,340 2,763 18,333 84,340 96,400
Net Debt 1 520,530 779,598 1,212,047 761,117 644,929 1,062,755
Reference price 2 8,646.19 22,375.83 5,669.81 6,188.68 7,075.47 7,547.17
Nbr of stocks (in thousands) 288,992 394,325 402,759 402,759 402,759 402,759
Announcement Date 4/6/21 A 3/30/22 A 3/31/23 A 3/29/24 A 3/28/25 A 3/27/26 A
1VND in Million2VND
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 95.96M
26.01x1.71x13.42x0.83% 40.77B
40.51x7.3x31.17x - 9.26B
88.18x2.97x55.66x - 6.99B
19.17x0.99x8.22x2.31% 6.76B
15.48x0.38x6.15x0.79% 6.48B
18.78x2.23x12.68x1.58% 5.59B
38.18x2.99x25.97x0.12% 4.67B
Average 35.19x 2.65x 21.90x 1.12% 10.08B
Weighted average by Cap. 31.86x 2.41x 18.78x 0.99%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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