Financials Mobile World Investment Corporation

Equities

MWG

VN000000MWG0

Computer & Electronics Retailers

End-of-day quote Ho Chi Minh S.E. Other stock markets 2025-06-12			5-day change	1st Jan Change
63,500.00 ^VND	+2.58%		+2.92%	+4.10%

Apr. 24	Mobile World Investment Corporation Reports Earnings Results for the First Quarter Ended March 31, 2025	CI
Feb. 03	Mobile World Investment Corporation Provides Earnings Guidance for the Year 2025	CI

Projected Income Statement: Mobile World Investment Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	108,546,020	122,958,106	133,404,778	118,279,788	134,341,153	149,496,967	167,932,379	182,589,926
Change	-	13.28%	8.5%	-11.34%	13.58%	11.28%	12.33%	8.73%
EBITDA ¹	7,411,850	8,808,913	10,226,602	3,787,565	6,997,024	7,558,720	8,989,817	10,592,589
Change	-	18.85%	16.09%	-62.96%	84.74%	8.03%	18.93%	17.83%
EBIT ¹	5,216,267	5,888,199	6,644,177	407,034	4,083,605	5,676,958	7,416,470	8,760,314
Change	-	12.88%	12.84%	-93.87%	903.26%	39.02%	30.64%	18.12%
Interest Paid ¹	-594,152	-713,745	-1,382,620	-1,556,146	-1,188,466	-1,327,000	-1,292,333	-1,432,000
Earnings before Tax (EBT) ¹	5,409,735	6,471,584	6,056,355	689,692	4,825,763	6,890,775	8,380,900	10,912,750
Change	-	19.63%	-6.42%	-88.61%	599.7%	42.79%	21.62%	30.21%
Net income ¹	3,917,768	4,898,869	4,099,763	167,669	3,721,868	5,413,286	6,620,700	7,948,933
Change	-	25.04%	-16.31%	-95.91%	2,119.77%	45.45%	22.3%	20.06%
Announcement Date	2/1/21	1/28/22	1/30/23	1/30/24	1/23/25	-	-	-

¹VND in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	26,285,559	26,021,650	27,193,693	30,828,144	31,658,419	24,333,214	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	34,134,072	34,146,669	34,573,921	36,134,958	30,198,316	30,433,952	55,082,480
Change	-	-1%	4.5%	13.37%	2.69%	-23.14%	48.51%	0.91%	-5.84%	-6.77%	-4.45%	-3.67%	2.79%	3.74%	0.21%	8.41%	0.04%	1.25%	4.52%	-16.43%	0.78%	80.99%
EBITDA ¹	-	1,758,323	1,840,779	2,347,468	2,216,733	1,591,262	2,653,449	2,698,899	2,889,690	2,825,778	1,541,902	842,256	983,843	980,234	1,742,048	1,908,137	1,784,881	1,353,668	2,091,724	1,709,559	1,523,228	323,069
Change	-	-	4.69%	27.53%	-5.57%	-28.22%	66.75%	1.71%	7.07%	-2.21%	-45.43%	-45.38%	16.81%	-0.37%	77.72%	9.53%	-6.46%	-24.16%	54.52%	-18.27%	-10.9%	-78.79%
EBIT ¹	1,231,128	1,155,897	1,231,804	1,691,449	1,497,730	843,099	1,855,922	1,848,791	1,765,596	1,733,197	1,033,977	877.7	22,630	278,405	1,022,817	1,229,652	1,075,342	547,504	1,582,804	1,200,659	1,014,328	243,817
Change	-	-6.11%	6.57%	37.31%	-11.45%	-43.71%	120.13%	-0.38%	-4.5%	-1.83%	-40.34%	-99.92%	2,478.31%	1,130.25%	267.38%	20.22%	-12.55%	-49.09%	189.09%	-24.14%	-15.52%	-75.96%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,035,471	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	1,337,969	-	785,385	1,562,486	-	-	-	-	-	-	90,258	-	-	-	847,004	1,545,937	-	-	-
Change	-	-	-	-	-	-	98.95%	-	-	-	-	-	-	-	-	-	-	-	82.52%	-	-	-
Announcement Date	7/30/20	10/29/20	2/1/21	4/29/21	7/29/21	10/29/21	1/28/22	4/29/22	7/30/22	10/31/22	1/30/23	7/30/23	10/30/23	1/30/24	4/29/24	7/30/24	10/30/24	1/23/25	4/25/25	-	-	-

¹VND in Million

Estimates

Fiscal Period: December	2024 S1	2025 S1
Net sales ¹	65,620,563	71,076,000
Change	-	8.31%
EBITDA	-	-
Change	-	-
EBIT	-	-
Change	-	-
Charge d'intérêts	-	-
Earnings before Tax (EBT)	-	-
Change	-	-
Net income	2,074,714	-
Change	-	-
Announcement Date	7/30/24	-

¹VND in Million

Estimates

Forecast Balance Sheet: Mobile World Investment Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,346,581	6,268,832	1,459,118	811,079	-6,921,527	-10,684,588	-14,551,069	-17,158,560
Change	-	365.54%	-76.72%	-44.41%	-953.37%	-54.37%	-36.19%	-17.92%
Announcement Date	2/1/21	1/28/22	1/30/23	1/30/24	1/23/25	-	-	-

¹VND in Million

Estimates

Cash Flow Forecast: Mobile World Investment Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	3,911,358	4,963,883	4,465,360	523,383	303,748	2,091,750	2,283,786	2,447,313
Change	-	26.91%	-10.04%	-88.28%	-41.96%	588.65%	9.18%	7.16%
Free Cash Flow (FCF) ¹	6,881,171	-4,943,209	3,510,939	2,912,557	8,213,585	4,866,100	4,600,750	4,828,100
Change	-	-171.84%	171.03%	-17.04%	182.01%	-40.76%	-5.45%	4.94%
Announcement Date	2/1/21	1/28/22	1/30/23	1/30/24	1/23/25	-	-	-

¹VND in Million

Estimates

Forecast Financial Ratios: Mobile World Investment Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.83%	7.16%	7.67%	3.2%	5.21%	5.06%	5.35%	5.8%
EBIT Margin (%)	4.81%	4.79%	4.98%	0.34%	3.04%	3.8%	4.42%	4.8%
EBT Margin (%)	4.98%	5.26%	4.54%	0.58%	3.59%	4.61%	4.99%	5.98%
Net margin (%)	3.61%	3.98%	3.07%	0.14%	2.77%	3.62%	3.94%	4.35%
FCF margin (%)	6.34%	-4.02%	2.63%	2.46%	6.11%	3.25%	2.74%	2.64%
FCF / Net Income (%)	175.64%	-100.91%	85.64%	1,737.08%	220.68%	89.89%	69.49%	60.74%
Profitability
ROA	8.92%	8.99%	6.9%	0.29%	5.71%	7.34%	8.95%	10.7%
ROE	28.38%	27.34%	18.52%	0.71%	14.57%	17.33%	19%	21.63%
Financial Health
Leverage (Debt/EBITDA)	0.18x	0.71x	0.14x	0.21x	-	-	-	-
Debt / Free cash flow	0.2x	-1.27x	0.42x	0.28x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.6%	4.04%	3.35%	0.44%	0.23%	1.4%	1.36%	1.34%
CAPEX / EBITDA (%)	52.77%	56.35%	43.66%	13.82%	4.34%	27.67%	25.4%	23.1%
CAPEX / FCF (%)	56.84%	-100.42%	127.18%	17.97%	3.7%	42.99%	49.64%	50.69%
Items per share
Cash flow per share ¹	7,947	13.11	5,466	2,357	5,826	6,036	6,855	-
Change	-	-99.84%	41,592.93%	-56.89%	147.23%	3.59%	13.58%	-
Dividend per Share ¹	166.7	500	500	500	-	651.1	750.6	1,330
Change	-	200%	0%	0%	-	-	15.27%	77.24%
Book Value Per Share ¹	11,395	14,284	16,344	15,964	18,993	21,159	24,211	24,949
Change	-	25.35%	14.42%	-2.33%	18.97%	11.4%	14.42%	3.05%
EPS ¹	2,885	3,106	2,810	115	2,546	3,592	4,457	5,519
Change	-	7.69%	-9.54%	-95.91%	2,113.91%	41.08%	24.08%	23.83%
Nbr of stocks (in thousands)	1,357,596	1,425,522	1,463,202	1,462,398	1,461,484	1,478,933	1,478,933	1,478,933
Announcement Date	2/1/21	1/28/22	1/30/23	1/30/24	1/23/25	-	-	-