Company Valuation: Dat Phuong

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,795,487 2,497,932 2,897,979 3,779,964 3,207,781 - -
Change - 39.12% 16.02% 30.43% -15.14% - -
Enterprise Value (EV) 1 1,795,487 2,497,932 4,279,333 3,779,964 5,945,981 5,791,181 4,226,881
Change - 39.12% 71.32% -11.67% 57.3% -2.6% -27.01%
P/E 4.71x 12.3x 13x 11.7x 8.28x 5.72x 3.63x
PBR - 1.38x 1.47x - 0.78x - -
PEG - -0.3x 1.3x 0.3x 4.43x 0.1x 0.1x
Capitalization / Revenue 0.54x 0.72x 0.81x 0.84x 0.48x 0.41x 0.37x
EV / Revenue 0.54x 0.72x 1.2x 0.84x 0.89x 0.74x 0.49x
EV / EBITDA - 5.43x 7.19x 5.21x 5.46x 4.08x 2.3x
EV / EBIT - 7.86x 9.54x 6.52x 6.93x 5.59x 2.77x
EV / FCF - 5.27x -9.15x -2.44x 19.1x 21.1x 4.38x
FCF Yield - 19% -10.9% -41% 5.24% 4.74% 22.8%
Dividend per Share 2 - 625 - - 800 800 800
Rate of return - 2.52% - - 2.96% 2.96% 2.96%
EPS 2 3,779 2,014 2,216 3,207 3,267 4,732 7,445
Distribution rate - 31% - - 24.5% 16.9% 10.7%
Net sales 1 3,319,477 3,450,140 3,577,130 4,483,984 6,703,475 7,790,067 8,604,050
EBITDA 1 - 460,122 594,918 725,427 1,089,500 1,418,500 1,840,000
EBIT 1 - 317,780 448,703 579,556 858,533 1,035,300 1,525,600
Net income 1 - 203,043 223,352 327,129 415,275 556,350 883,000
Net Debt 1 - - 1,381,353 - 2,738,200 2,583,400 1,019,100
Reference price 2 17,812.50 24,781.25 28,750.00 37,500.00 27,050.00 27,050.00 27,050.00
Nbr of stocks (in thousands) 100,799 100,799 100,799 100,799 118,587 - -
Announcement Date 16/03/23 22/03/24 23/01/25 19/03/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.28x0.89x5.46x2.96% 124M
29.14x3.68x16.64x - 15.63B
33.53x2x13.03x-.--% 5.66B
19.16x4.74x8.18x1.43% 2.48B
3.63x - - - 1.13B
17.23x1.63x8.97x0.77% 1.04B
9.49x - - 4.23% 1.04B
9.86x0.88x7.79x0.86% 867M
Average 16.29x 2.30x 10.01x 1.71% 3.5B
Weighted average by Cap. 26.25x 3.22x 14.38x 0.88%

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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