Company Valuation: Masan Group Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 201,872,240 132,406,405 95,866,508 100,684,613 111,335,490 95,864,195 - -
Change - -34.41% -27.6% 5.03% 10.58% -13.9% - -
Enterprise Value (EV) 1 237,412,310 132,406,405 148,519,293 140,943,541 164,110,818 157,476,005 139,736,255 132,400,646
Change - -44.23% 12.17% -5.1% 16.44% -4.04% -11.27% -5.25%
P/E 23.5x 37x 228x 52x 28.4x 13.5x 10.6x 9.49x
PBR 6.14x - 3.61x 3.33x 3.15x 2.25x 1.7x 1.44x
PEG - -0.6x -2.6x 0x 0x 0.2x 0.4x 0.8x
Capitalization / Revenue 2.28x 1.74x 1.23x 1.21x 1.36x 0.89x 0.83x 0.76x
EV / Revenue 2.68x 1.74x 1.9x 1.69x 2.01x 1.46x 1.2x 1.04x
EV / EBITDA 21.8x 14.6x 17.9x 13.7x 14.8x 9.31x 7.84x 6.8x
EV / EBIT 37.8x 28.4x 35.5x 22.8x 21.4x 12.8x 10.6x 9.88x
EV / FCF - - -85.9x 21.9x -337x 36x 14.6x 15.6x
FCF Yield - - -1.16% 4.56% -0.3% 2.78% 6.86% 6.42%
Dividend per Share 2 - - - - - 1,204 1,364 1,737
Rate of return - - - - - 1.82% 2.06% 2.62%
EPS 2 6,058 2,511 294 1,345 2,710 4,916 6,242 6,988
Distribution rate - - - - - 24.5% 21.9% 24.9%
Net sales 1 88,628,767 76,189,225 78,251,619 83,177,720 81,621,329 108,008,647 116,163,864 126,868,654
EBITDA 1 10,915,173 9,075,694 8,302,418 10,306,344 11,092,993 16,923,062 17,833,524 19,471,164
EBIT 1 6,283,494 4,669,171 4,178,755 6,173,389 7,664,287 12,269,018 13,134,572 13,394,274
Net income 1 8,562,882 3,566,996 418,695 1,999,059 4,108,306 7,080,839 9,121,256 10,501,030
Net Debt 1 35,540,070 - 52,652,785 40,258,928 52,775,328 61,611,810 43,872,060 36,536,451
Reference price 2 142,500.00 93,000.00 67,000.00 70,000.00 77,000.00 66,300.00 66,300.00 66,300.00
Nbr of stocks (in thousands) 1,416,647 1,423,725 1,430,843 1,438,352 1,445,915 1,445,915 - -
Announcement Date 27/01/22 28/01/23 30/01/24 24/01/25 24/01/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.87x1.39x8.77x2.04% 3.61B
21.17x2.93x14.49x3.81% 259B
22.1x2.52x14.88x3.32% 80.2B
19.05x1.94x10.96x3.23% 52.86B
17.37x0.55x10.44x2.48% 40.09B
22.97x3.38x13.78x3.15% 37.2B
13.01x2.04x10.02x5.88% 32.37B
69.43x10.63x44.05x1.1% 30.17B
34.53x2.92x17.31x1.03% 28.5B
Average 25.94x 3.15x 16.08x 2.89% 62.71B
Weighted average by Cap. 23.69x 2.99x 15.31x 3.37%

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

  1. Stock Market
  2. Stocks
  3. MSN Stock
  4. Valuation Masan Group Corporation