Company Valuation: Vietnam Rubber Industry Group -

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
Market Cap 1 147,800,000 84,800,000 121,400,000 104,800,000 129,000,000 - -
Change - - 43.16% -13.67% 23.09% - -
Enterprise Value (EV) 147,800,000 84,800,000 121,400,000 104,800,000 129,000,000 129,000,000 129,000,000
Change - - 43.16% -13.67% 23.09% 0% 0%
P/E - 43.7x 23.5x 21x 18.1x 16.8x 16.7x
PBR - - 2.29x 1.86x 1.98x 1.8x 1.59x
PEG - - 0x -6.94x 0.4x 2.15x 67.65x
Capitalization / Revenue - 3.83x 4.62x 3.6x 3.99x 3.97x 3.79x
EV / Revenue - 0x 0x 0x 3.99x 3.97x 3.79x
EV / EBITDA 0x 0x 0x 0x 14.5x 14.8x 12.9x
EV / EBIT - 0x 0x 0x 21.3x 21.3x 19.2x
EV / FCF - - - - 22.7x 21.2x 19.2x
FCF Yield - - - - 4.41% 4.72% 5.21%
Dividend per Share 2 600 - - - 1,000 766.7 766.7
Rate of return 1.62% - - - 3.1% 2.38% 2.38%
EPS 2 - 485 1,289 1,250 1,784 1,924 1,929
Distribution rate - - - - 56% 39.8% 39.7%
Net sales 1 - 22,138,403 26,254,333 29,078,056 32,338,200 32,461,000 34,062,667
EBITDA 1 7,498,877 4,995,423 6,839,690 8,068,273 8,905,000 8,689,667 10,028,000
EBIT 1 - 2,506,997 4,213,868 4,965,910 6,043,600 6,055,000 6,734,333
Net income 1 - 2,623,175 4,213,320 5,318,552 6,970,750 7,517,667 7,433,000
Net Debt - - - - - - -
Reference price 2 36,950.00 21,200.00 30,350.00 26,200.00 32,250.00 32,250.00 32,250.00
Nbr of stocks (in thousands) 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 - -
Announcement Date 4/5/22 A 3/20/24 A 1/26/25 A 3/29/26 A - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.6x - - 3.18% 4.81B
15.28x1.14x6.02x3.08% 33.76B
14.05x1.02x5.47x3.89% 27.11B
9.42x1.24x6x3.19% 7.41B
10.13x1.02x5.97x2.8% 6.33B
9.57x - - 3.18% 6.28B
10.74x0.7x5.4x4.06% 3.98B
8.44x0.86x4.05x3.72% 3.65B
128.05x - - - 2.49B
33.12x1.78x10.14x2.06% 2.32B
Average 25.64x 1.11x 6.15x 3.24% 9.81B
Weighted average by Cap. 16.76x 1.09x 5.84x 3.35%

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

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  4. Valuation Vietnam Rubber Industry Group -