Company Valuation: Traphaco

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,967,859 3,780,289 3,689,098 3,689,098 3,253,867 3,108,790
Change - 27.37% -2.41% 0% -11.8% -4.46%
Enterprise Value (EV) 1 2,627,509 3,309,117 3,227,397 3,074,674 2,713,414 2,539,407
Change - 25.94% -2.47% -4.73% -11.75% -6.41%
P/E 17.1x 17.6x 15.6x 16.1x 15.7x 14.3x
PBR 2.75x 3.24x 2.89x 2.67x 2.29x 2x
PEG - 0.7x 1.57x -5.88x -1.59x 2.97x
Capitalization / Revenue 1.55x 1.75x 1.54x 1.6x 1.39x 1.17x
EV / Revenue 1.38x 1.53x 1.35x 1.34x 1.16x 0.96x
EV / EBITDA 7.52x 8.09x 7.43x 7.25x 6.89x 6.16x
EV / EBIT 9.77x 10.1x 9.21x 9.22x 8.85x 7.84x
EV / FCF 9.66x 12.6x 32x 12.4x 47x 42.2x
FCF Yield 10.4% 7.92% 3.12% 8.06% 2.13% 2.37%
Dividend per Share 2 1,500 1,500 1,500 2,000 2,000 -
Rate of return 4.19% 3.29% 3.37% 4.49% 5.1% -
EPS 2 2,092 2,588 2,845 2,768 2,495 2,615
Distribution rate 71.7% 57.9% 52.7% 72.3% 80.2% -
Net sales 1 1,908,870 2,160,840 2,398,918 2,299,235 2,347,221 2,657,210
EBITDA 1 349,535 408,895 434,258 424,189 394,063 412,206
EBIT 1 269,072 326,581 350,578 333,373 306,455 323,920
Net income 1 195,787 241,591 269,145 263,248 239,017 249,655
Net Debt 1 -340,350 -471,173 -461,701 -614,424 -540,453 -569,384
Reference price 2 35,800.00 45,600.00 44,500.00 44,500.00 39,250.00 37,500.00
Nbr of stocks (in thousands) 82,901 82,901 82,901 82,901 82,901 82,901
Announcement Date 3/8/21 A 3/11/22 A 3/29/23 A 3/21/24 A 3/28/25 A 3/26/26 A
1VND in Million2VND
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 117M
32.72x11.9x24.26x0.6% 1,024B
30.62x - - 1.95% 663B
32.73x7.6x15.8x2.67% 453B
19.22x4.69x11.6x2.83% 349B
22.02x5.68x14.1x2.82% 295B
20.97x4.3x12.3x2.05% 253B
27.66x7.14x13.16x2.31% 236B
13.33x4.82x10.06x3.78% 206B
-46.14x6.65x25.95x2.18% 187B
Average 17.01x 6.60x 15.90x 2.35% 366.74B
Weighted average by Cap. 23.94x 7.98x 17.77x 1.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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