Valuation Masan Group Corporation Thailand S.E.

Stocks

MSN19

TH8483124906

Food Processing

End-of-day quote Thailand S.E. 2026-10-06			5-day change	1st Jan Change
3.080 ^THB	-0.65%		+4.76%	-

Sep. 24	The Elmet Group Co. agreed to acquire 4.99% stake in Masan High-Tech Materials Corporation from Masan Group Corporation for approximately VND 3.2 trillion.	CI
Sep. 23	Vietnam's Masan High-Tech to sell stake to Elmet, sign tungsten supply deal	RE

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	104,105,913	-	-
Change	-	-34.41%	-27.6%	5.03%	10.58%	-6.49%	-	-
Enterprise Value (EV) ¹	237,412,310	132,406,405	148,519,293	140,943,541	164,110,818	153,736,295	148,000,188	137,970,829
Change	-	-44.23%	12.17%	-5.1%	16.44%	-6.32%	-3.73%	-6.78%
P/E	23.5x	37x	228x	52x	28.4x	12.3x	10.9x	9.21x
PBR	6.14x	-	3.61x	3.33x	3.15x	2.29x	1.88x	1.65x
PEG	-	-0.6x	-2.6x	0x	0x	0x	0.8x	0.5x
Capitalization / Revenue	2.28x	1.74x	1.23x	1.21x	1.36x	0.9x	0.82x	0.77x
EV / Revenue	2.68x	1.74x	1.9x	1.69x	2.01x	1.33x	1.16x	1.03x
EV / EBITDA	21.8x	14.6x	17.9x	13.7x	14.8x	9.49x	8.31x	7.22x
EV / EBIT	37.8x	28.4x	35.5x	22.8x	21.4x	12.1x	10.9x	9.61x
EV / FCF	-	-	-85.9x	21.9x	-337x	82x	14x	14.1x
FCF Yield	-	-	-1.16%	4.56%	-0.3%	1.22%	7.14%	7.09%
Dividend per Share ²	-	-	-	-	-	1,080	1,329	1,608
Rate of return	-	-	-	-	-	1.5%	1.85%	2.23%
EPS ²	6,058	2,511	294	1,345	2,710	5,842	6,601	7,818
Distribution rate	-	-	-	-	-	18.5%	20.1%	20.6%
Net sales ¹	88,628,767	76,189,225	78,251,619	83,177,720	81,621,329	115,297,098	127,374,610	134,374,863
EBITDA ¹	10,915,173	9,075,694	8,302,418	10,306,344	11,092,993	16,200,509	17,799,531	19,109,243
EBIT ¹	6,283,494	4,669,171	4,178,755	6,173,389	7,664,287	12,657,357	13,626,821	14,353,070
Net income ¹	8,562,882	3,566,996	418,695	1,999,059	4,108,306	8,856,351	9,730,501	11,483,844
Net Debt ¹	35,540,070	-	52,652,785	40,258,928	52,775,328	49,630,382	43,894,275	33,864,916
Reference price ²	142,500.00	93,000.00	67,000.00	70,000.00	77,000.00	72,000.00	72,000.00	72,000.00
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	1/27/22	1/28/23	1/30/24	1/24/25	1/24/26	-	-	-

¹VND in Million²VND

Estimates

P/E, Detailed evolution

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NESTLÉ S.A.	19.58x	2.69x	13.45x	4.22%	231B
MONDELEZ INTERNATIONAL, INC.	18.2x	2.37x	14.16x	3.52%	74.65B
DANONE	15.6x	1.63x	9.28x	4.06%	41.65B
ARCHER-DANIELS-MIDLAND COMPANY	15.27x	0.54x	9.77x	2.53%	39.75B
THE HERSHEY COMPANY	19.46x	2.98x	12.14x	3.59%	32.35B
AJINOMOTO CO., INC.	36.43x	3.14x	18.32x	1.02%	32.15B
FOSHAN HAITIAN FLAVOURING AND FOOD COMPANY LTD.	25.03x	5.24x	16.69x	3.35%	28.38B
KRAFT HEINZ	-7.7x	1.74x	8.69x	7.35%	25.9B
NESTLÉ INDIA LIMITED	60.13x	9.22x	38.25x	1.27%	26B
Average	22.44x	3.29x	15.64x	3.43%	59.04B
Weighted average by Cap.	20.71x	2.86x	14.32x	3.71%