Financials Mobile World Investment Corporation

Equities

MWG

VN000000MWG0

Computer & Electronics Retailers

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-06-13 pm EDT 5-day change 1st Jan Change
63,000 VND -1.56% Intraday chart for Mobile World Investment Corporation +1.45% +47.20%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 50,461,399 53,806,058 96,864,251 62,771,347 62,590,651 92,121,383 - -
Enterprise Value (EV) 1 58,362,314 55,152,639 103,133,083 64,230,466 63,401,730 85,474,483 87,816,683 76,105,383
P/E ratio 13.2 x 13.7 x 21.9 x 15.3 x 372 x 26 x 18.5 x 15.5 x
Yield 1.32% 0.42% 0.74% - - 0.72% 0.82% 1.32%
Capitalization / Revenue 0.49 x 0.5 x 0.79 x 0.47 x 0.53 x 0.71 x 0.65 x 0.58 x
EV / Revenue 0.57 x 0.51 x 0.84 x 0.48 x 0.54 x 0.66 x 0.62 x 0.48 x
EV / EBITDA 9.09 x 7.44 x 11.7 x 6.28 x 16.7 x 12 x 10.1 x 7.56 x
EV / FCF -13.4 x 8.02 x -20.9 x 18.3 x 21.8 x 13.9 x 23.6 x 15.9 x
FCF Yield -7.46% 12.5% -4.79% 5.47% 4.59% 7.21% 4.24% 6.29%
Price to Book 4.16 x 3.48 x 4.76 x 2.62 x - 3.69 x 3.26 x 2.95 x
Nbr of stocks (in thousands) 1,327,932 1,357,596 1,425,522 1,463,202 1,462,398 1,462,244 - -
Reference price 2 38,000 39,633 67,950 42,900 42,800 63,000 63,000 63,000
Announcement Date 1/22/20 2/1/21 1/28/22 1/30/23 1/30/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 102,174,244 108,546,020 122,958,106 133,404,778 118,279,788 129,323,168 141,956,434 158,278,458
EBITDA 1 6,419,561 7,411,850 8,808,913 10,226,602 3,787,565 7,142,459 8,705,781 10,071,841
EBIT 1 4,976,734 5,216,267 5,888,199 6,644,177 407,034 4,108,884 5,821,792 7,010,838
Operating Margin 4.87% 4.81% 4.79% 4.98% 0.34% 3.18% 4.1% 4.43%
Earnings before Tax (EBT) 1 5,053,447 5,409,735 6,471,584 6,056,355 689,692 4,533,800 6,284,300 7,518,100
Net income 1 3,834,270 3,917,768 4,898,869 4,099,763 167,669 3,542,240 4,865,967 5,868,767
Net margin 3.75% 3.61% 3.98% 3.07% 0.14% 2.74% 3.43% 3.71%
EPS 2 2,886 2,885 3,106 2,810 115.0 2,422 3,413 4,074
Free Cash Flow 1 -4,352,430 6,881,171 -4,943,209 3,510,939 2,912,557 6,162,300 3,724,800 4,790,500
FCF margin -4.26% 6.34% -4.02% 2.63% 2.46% 4.77% 2.62% 3.03%
FCF Conversion (EBITDA) - 92.84% - 34.33% 76.9% 86.28% 42.79% 47.56%
FCF Conversion (Net income) - 175.64% - 85.64% 1,737.08% 173.97% 76.55% 81.63%
Dividend per Share 2 500.0 166.7 500.0 - - 456.4 517.8 834.1
Announcement Date 1/22/20 2/1/21 1/28/22 1/30/23 1/30/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 36,138,330 36,466,677 34,337,740 32,011,980 30,588,381 - 29,464,830 30,287,657 31,421,489 31,486,492 30,942,312 31,806,399 29,975,596 - -
EBITDA 1 2,653,449 2,698,899 2,889,690 2,825,778 1,541,902 - 842,256 983,843 980,234 1,742,048 1,233,548 1,453,721 857,397 - -
EBIT 1 1,855,922 1,848,791 1,765,596 1,733,197 1,033,977 - 877.7 22,630 278,405 1,022,817 660,139 748,867 570,899 - -
Operating Margin 5.14% 5.07% 5.14% 5.41% 3.38% - 0% 0.07% 0.89% 3.25% 2.13% 2.35% 1.9% - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 1,562,486 - - - - - - - 90,258 - - - - - -
Net margin 4.32% - - - - - - - 0.29% - - - - - -
EPS 2 653.0 1,013 700.0 618.0 422.0 - 11.00 26.00 62.00 617.0 485.8 496.6 357.0 - -
Dividend per Share 2 - - - - - - - - - - 349.0 - - - -
Announcement Date 1/28/22 4/29/22 7/30/22 10/31/22 1/30/23 4/30/23 7/30/23 10/30/23 1/30/24 4/29/24 - - - - -
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 7,900,915 1,346,581 6,268,832 1,459,118 811,079 - - -
Net Cash position 1 - - - - - 6,646,900 4,304,700 16,016,000
Leverage (Debt/EBITDA) 1.231 x 0.1817 x 0.7116 x 0.1427 x 0.2141 x - - -
Free Cash Flow 1 -4,352,430 6,881,171 -4,943,209 3,510,939 2,912,557 6,162,300 3,724,800 4,790,500
ROE (net income / shareholders' equity) 36.3% 28.4% 27.3% 18.5% 0.71% 13.9% 17.3% 19.2%
ROA (Net income/ Total Assets) 11% 8.92% 8.99% 6.9% 0.29% 5.7% 7.6% 8.6%
Assets 1 34,915,304 43,923,626 54,504,554 59,402,737 57,970,955 62,144,561 64,025,877 68,241,473
Book Value Per Share 2 9,138 11,395 14,284 16,344 - 17,083 19,345 21,366
Cash Flow per Share 2 - 7,947 13.10 5,466 2,357 3,374 6,036 6,855
Capex 1 3,066,921 3,911,358 4,963,883 4,465,360 523,383 1,571,366 2,004,573 2,196,738
Capex / Sales 3% 3.6% 4.04% 3.35% 0.44% 1.22% 1.41% 1.39%
Announcement Date 1/22/20 2/1/21 1/28/22 1/30/23 1/30/24 - - -
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
63,000 VND
Average target price
64,636 VND
Spread / Average Target
+2.60%
Consensus
  1. Stock Market
  2. Equities
  3. MWG Stock
  4. Financials Mobile World Investment Corporation