Valuation Vietnam Dairy Products

Equities

VNM

VN000000VNM8

Food Processing

End-of-day quote Ho Chi Minh S.E. Other stock markets 2025-06-23			5-day change	1st Jan Change
55,900.00 ^VND	-1.24%		+0.72%	-11.83%

Apr. 29	Vietnam Dairy Products JSC Announces Changes in Board Members Effective April 25, 2025	CI
Apr. 29	Vietnam Dairy Products Joint Stock Company Provides Consolidated Earnings Guidance for the Fiscal Year 2025	CI

Company Valuation: Vietnam Dairy Products

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	227,346,666	180,572,150	159,045,609	141,280,988	132,503,175	116,828,509	-	-
Change	-	-20.57%	-11.92%	-11.17%	-6.21%	-11.83%	-	-
Enterprise Value (EV) ¹	215,405,662	166,655,853	144,265,239	126,688,321	116,290,809	105,779,298	104,488,260	104,819,620
Change	-	-22.63%	-13.44%	-12.18%	-8.21%	-9.04%	-1.22%	0.32%
P/E ratio	22.8x	19.1x	21x	17.8x	15.8x	13.4x	11.9x	11.3x
PBR	7.26x	5.46x	5.33x	4.46x	4.1x	3.41x	3.34x	3.25x
PEG	-	-3.6x	-1.1x	3.94x	2.65x	3.35x	1x	1.97x
Capitalization / Revenue	3.81x	2.96x	2.65x	2.34x	2.14x	1.84x	1.75x	1.67x
EV / Revenue	3.61x	2.74x	2.41x	2.1x	1.88x	1.66x	1.57x	1.5x
EV / EBITDA	14.9x	12x	12.2x	10.7x	9.3x	8.13x	7.41x	7.12x
EV / EBIT	17.6x	14.2x	14.8x	13x	11.2x	9.95x	9.2x	8.64x
EV / FCF	24.2x	20.7x	19.2x	19.8x	14.4x	12.7x	10.5x	9.71x
FCF Yield	4.14%	4.82%	5.2%	5.06%	6.93%	7.88%	9.56%	10.3%
Dividend per Share ²	4,100	3,850	2,900	-	-	3,873	4,101	4,404
Rate of return	3.77%	4.46%	3.81%	-	-	6.93%	7.34%	7.88%
EPS ²	4,770	4,517	3,632	3,796	4,022	4,183	4,684	4,952
Distribution rate	86%	85.2%	79.8%	-	-	92.6%	87.6%	88.9%
Net sales ¹	59,636,286	60,919,165	59,956,247	60,368,916	61,782,610	63,551,309	66,762,624	69,894,729
EBITDA ¹	14,471,842	13,881,656	11,848,623	11,825,606	12,499,712	13,016,707	14,103,116	14,721,605
EBIT ¹	12,262,975	11,760,319	9,753,174	9,771,019	10,404,553	10,626,861	11,361,535	12,127,133
Net income ¹	11,098,937	10,532,477	8,516,024	8,873,812	9,392,310	9,490,843	10,289,567	11,044,067
Net Debt ¹	-11,941,004	-13,916,298	-14,780,371	-14,592,668	-16,212,366	-11,049,212	-12,340,250	-12,008,889
Reference price ²	108,800.00	86,400.00	76,100.00	67,600.00	63,400.00	55,900.00	55,900.00	55,900.00
Nbr of stocks (in thousands)	2,089,583	2,089,955	2,089,955	2,089,955	2,089,955	2,089,955	-	-
Announcement Date	3/1/21	1/28/22	2/1/23	1/30/24	1/24/25	-	-	-

¹VND in Million²VND

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

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.($)
VIETNAM DAIRY PRODUCTS	13.36x	1.66x	8.13x	6.93%	4.53B
INNER MONGOLIA YILI INDUSTRIAL GROUP CO., LTD.	15.51x	1.54x	10.57x	4.83%	24.51B
CHINA MENGNIU DAIRY COMPANY LIMITED	11.22x	0.78x	7.03x	4.22%	8.13B
WANT WANT CHINA HOLDINGS LIMITED	13.56x	2.22x	8.06x	5.4%	8.06B
CHINA FEIHE LIMITED	11.52x	1.54x	5.43x	6.7%	6.43B
EMMI AG	18.23x	1.11x	10.75x	2.18%	5.25B
NESTLÉ (MALAYSIA)	37.77x	2.89x	19.94x	2.63%	4B
THE A2 MILK COMPANY LIMITED	31.56x	2.83x	19.76x	2.19%	3.84B
Average	19.09x	1.82x	11.21x	4.38%	8.09B
Weighted average by Cap.	16.73x	1.67x	10.27x	4.65%