Company Valuation: Phuoc Hoa Rubber

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,661,093 5,338,668 6,734,310 7,208,557 7,926,703 8,184,152 - -
Change - -44.74% 26.14% 7.04% 9.96% 3.25% - -
Enterprise Value (EV) 9,661,093 5,338,668 6,734,310 7,208,557 7,926,703 8,184,152 8,184,152 8,184,152
Change - -44.74% 26.14% 7.04% 9.96% 3.25% 0% 0%
P/E 10.3x 3.49x 6.01x 9.49x 9.28x 2.61x 2.84x 4.48x
PBR 1.8x 0.9x 0.98x 1.02x 1.03x 0.88x 0.67x 0.65x
PEG - 0.1x -0.2x -0.3x 0.7x 0x -0.35x -0.1x
Capitalization / Revenue 4.97x 3.12x 4.98x 4.41x 4.42x 4.52x 4.68x 3.85x
EV / Revenue 0x 0x 0x 0x 0x 4.52x 4.68x 3.85x
EV / EBITDA 0x 0x 0x 0x 0x 15.9x 17.3x 10.1x
EV / EBIT 0x 0x 0x 0x 0x 23.7x 30.1x 16.9x
EV / FCF 0x 0x 0x - 0x 36.2x 22.1x 28.1x
FCF Yield 1.36% 12.2% 3.38% - 7.03% 2.76% 4.52% 3.56%
Dividend per Share 2 2,500 4,000 3,000 - - 2,750 3,900 2,300
Rate of return 6.31% 18.3% 10.9% - - 8.2% 11.6% 6.85%
EPS 2 3,850 6,272 4,592 3,115 3,502 12,854 11,799 7,487
Distribution rate 64.9% 63.8% 65.3% - - 21.4% 33.1% 30.7%
Net sales 1 1,942,366 1,708,579 1,351,024 1,633,091 1,794,933 1,810,200 1,747,400 2,123,000
EBITDA 1 490,376 378,204 333,330 392,732 441,391 513,500 472,500 808,000
EBIT 1 371,267 244,260 195,395 252,574 288,496 344,800 272,000 484,000
Net income 1 541,874 886,933 622,154 460,049 513,443 1,802,183 1,772,167 932,000
Net Debt - - - - - - - -
Reference price 2 39,610.71 21,888.67 27,610.83 29,555.26 32,499.67 33,555.22 33,555.22 33,555.22
Nbr of stocks (in thousands) 243,901 243,901 243,901 243,901 243,901 243,901 - -
Announcement Date 20/01/22 18/01/23 19/01/24 01/04/25 30/01/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
4.78x - - 4.48% 321M
135.83x - - - 5.2B
5.23x - - 8.8% 129M
Average 48.61x 6.64% 1.88B
Weighted average by Cap. 125.40x 5.72%

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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