Mobile World Investment Future Growth

Future criteria checks 3/6

Mobile World Investment is forecast to grow earnings and revenue by 44.6% and 8.4% per annum respectively. EPS is expected to grow by 56.9% per annum. Return on equity is forecast to be 18.6% in 3 years.

Key information

44.6%

Earnings growth rate

56.9%

EPS growth rate

Specialty Retail earnings growth	15.7%
Revenue growth rate	8.4%
Future return on equity	18.6%
Analyst coverage	Good
Last updated	16 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

HOSE:MWG - Analysts future estimates and past financials data (VND Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	155,440,048	4,944,100	2,842,200	5,185,100	5
12/31/2025	139,854,126	3,992,833	1,137,800	4,451,600	7
12/31/2024	126,639,308	2,474,400	1,514,200	2,902,733	9
12/31/2023	118,279,788	167,669	2,912,444	3,435,827	N/A
9/30/2023	117,446,681	696,453	5,973,127	8,254,140	N/A
6/30/2023	119,171,003	1,563,959	7,430,571	10,427,309	N/A
3/31/2023	124,043,913	2,676,565	11,319,350	15,432,835	N/A
12/31/2022	133,404,778	4,099,763	3,510,939	7,976,299	N/A
9/30/2022	138,954,726	5,043,208	-4,226,214	-120,295	N/A
6/30/2022	131,275,960	4,922,347	-4,046,876	495,499	N/A
3/31/2022	128,596,639	5,005,366	-6,111,549	-1,585,575	N/A
12/31/2021	122,958,106	4,898,869	-4,805,486	171,390	N/A
9/30/2021	114,013,470	4,278,181	-2,321,778	2,584,414	N/A
6/30/2021	115,393,810	4,443,335	-1,661,237	2,930,956	N/A
3/31/2021	110,020,950	4,124,217	982,000	5,338,144	N/A
12/31/2020	108,546,020	3,917,768	6,881,071	10,792,429	N/A
9/30/2020	106,763,316	3,835,540	1,783,207	5,760,420	N/A
6/30/2020	106,191,848	3,740,081	-601,898	3,239,715	N/A
3/31/2020	106,510,048	3,925,348	-1,274,079	2,103,614	N/A
12/31/2019	102,174,244	3,834,270	-4,353,002	-1,286,081	N/A
9/30/2019	97,801,505	3,666,726	1,227,633	3,447,265	N/A
6/30/2019	93,567,002	3,459,011	4,187,121	5,812,952	N/A
3/31/2019	88,770,177	3,111,801	3,100,068	4,421,439	N/A
12/31/2018	86,516,287	2,878,724	765,203	2,261,135	N/A
9/30/2018	84,196,737	2,758,636	-1,164,637	687,791	N/A
6/30/2018	79,669,976	2,676,031	-1,295,503	694,019	N/A
3/31/2018	73,517,287	2,455,230	-963,493	1,319,209	N/A
12/31/2017	66,339,804	2,205,680	598,594	2,663,664	N/A
9/30/2017	61,458,531	1,989,360	N/A	3,137,208	N/A
6/30/2017	56,204,017	1,811,906	N/A	678,442	N/A
3/31/2017	50,572,355	1,717,404	N/A	-1,262,671	N/A
12/31/2016	44,613,333	1,577,372	N/A	-586,482	N/A
9/30/2016	38,522,166	2,289,954	N/A	-599,627	N/A
6/30/2016	34,042,579	1,903,356	N/A	101,966	N/A
3/31/2016	29,383,267	1,258,115	N/A	-309,064	N/A
12/31/2015	25,252,733	1,071,894	N/A	-641,471	N/A
9/30/2015	22,343,188	667,343	N/A	230,170	N/A
6/30/2015	19,641,590	667,773	N/A	121,527	N/A
3/31/2015	17,763,411	733,591	N/A	124,554	N/A
12/31/2014	15,756,726	668,106	N/A	99,665	N/A
9/30/2014	13,846,088	114,638	N/A	226,101	N/A
6/30/2014	12,329,284	194,469	N/A	266,911	N/A
3/31/2014	10,946,041	379,764	N/A	90,552	N/A
12/31/2013	9,498,849	255,601	N/A	103,929	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MWG's forecast earnings growth (44.6% per year) is above the savings rate (3.2%).

Earnings vs Market: MWG's earnings (44.6% per year) are forecast to grow faster than the VN market (19.3% per year).

High Growth Earnings: MWG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MWG's revenue (8.4% per year) is forecast to grow slower than the VN market (16% per year).

High Growth Revenue: MWG's revenue (8.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MWG's Return on Equity is forecast to be low in 3 years time (18.6%).

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Mobile World Investment Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 13%

Consensus EPS estimates fall by 13%

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 60%

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 11%

Recent updates

China's CDH Reportedly in Talks to Buy Minority Stake in $1.7 Billion Vietnam Grocery Chain

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: ₫115 (vs ₫2,810 in FY 2022)

Consensus EPS estimates fall by 13%

Consensus EPS estimates fall by 13%

New minor risk - Earnings quality

Third quarter 2023 earnings released: EPS: ₫26.00 (vs ₫618 in 3Q 2022)

Investor sentiment deteriorates as stock falls 19%

Consensus EPS estimates fall by 11%

Singapore's Sovereign Wealth Fund Among Bidders Vying for Stake in Bach Hoa Xanh

Singapore's Sovereign Wealth Fund Among Bidders Vying for Stake in Bach Hoa Xanh

Consensus EPS estimates fall by 60%

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of ₫500 per share at 1.0% yield

Mobile World Investment Corporation Announces to Pay Cash Dividend for 2022, Payable on August 10, 2023

Mobile World Investment Corporation Announces to Pay Cash Dividend for 2022, Payable on August 10, 2023

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 11%

Price target decreased by 8.7% to ₫59,211

Price target decreased by 7.3% to ₫70,578

Consensus EPS estimates fall by 21%

Consensus revenue estimates increase by 13%

Full year 2022 earnings released: EPS: ₫1,082 (vs ₫3,448 in FY 2021)

Price target decreased to ₫79,771

Consensus EPS estimates fall by 35%

Investor sentiment improved over the past week

Co-Founder & Executive Chairman recently bought ₫10.0b worth of stock

Consensus forecasts updated

Consensus forecasts updated

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Consensus EPS estimates fall by 16%

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Now 56% undervalued after recent price drop

Mobile World Investment Corporation Announces Cash Dividend for the Year 2021, Payable on June 17, 2022

Upcoming dividend of ₫1,000 per share

Now 23% undervalued after recent price drop

Mobile World Investment Corporation Announces Executive Changes

Mobile World Investment Corporation, Annual General Meeting, Apr 23, 2022

Mobile World Investment Corporation (HOSE:MWG) acquired remaining 51% stake in An Khang Retail Joint Stock Company,

Consensus EPS estimates increase by 15%

Price target increased to ₫158,041

Price target increased to ₫151,878

Price target increased to ₫146,678

Price target increased to ₫135,084

Price target increased to ₫130,584

Investor sentiment deteriorated over the past week

Upcoming dividend of ₫500 per share

Co-Founder & Executive Chairman recently sold ₫1.0b worth of stock

Second quarter 2021 earnings released: EPS ₫2,518 (vs ₫1,975 in 2Q 2020)

Price target increased to ₫167,067

Full year 2020 earnings released: EPS ₫8,654 (vs ₫8,665 in FY 2019)

Revenue and earnings miss expectations

Full year 2020 earnings released: EPS ₫8,654 (vs ₫8,665 in FY 2019)

Revenue and earnings miss expectations

New 90-day high: ₫133,500

New 90-day high: ₫126,200

New 90-day high: ₫116,200

New 90-day high: ₫111,100

New 90-day high: ₫110,000

New 90-day high: ₫98,400

New 90-day high - ₫92,800

First half earnings released

First half earnings released

New 90-day low - ₫79,200

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts