MSN.VN Masan Group Corp
- Market cap
- VND 104T
- P/E
- 15.6x
- P/B
- 2.48x
- ROE
- 24.5%
- Dividend yield
- 0.86%
- Fundamental score
- 2.1/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is MSN.VN undervalued?
Graham numberMSN.VN trades 31.3% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Masan Group Corp fundamental analysis
10 of 22 checks passedROE 2/2
High return on equity (24.5%), above 20%.
ROA 1/1
Return on assets (7.1%) is above the industry median (5.0%).
Profit Consistency 2/2
Profitable for 7 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (104.4%) is above the 5-year average (26.6% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (104.4%) is above the industry median (17.7%).
Revenue Growth 1/2
Revenue grew 2.3% a year over the past 3 years.
Short-term Liquidity 0/1
Current assets do not cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 0/2
Debt to equity cannot be calculated: debt is not reported or equity is negative.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Debt is not reported.
Interest Coverage 0/1
EBIT is 3.6x against interest expense, below 5x.
PE vs Market 0/1
PE (15.6x) is above the market median (11.2x).
PE vs Industry 0/1
PE (15.6x) is above the industry median (7.7x).
PBV 0/1
Price to book (2.5x) is above the industry median (0.8x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 38.8, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.59, growth is cheap.
Dividend Yield 0/2
Dividend yield (0.9%) is in the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 21.7%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Masan Group Corp stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Masan Group Corp
Masan Group Corporation, an investment holding company, manufactures and distributes food and beverage products in Vietnam and internationally. It operates in five segments: Branded Consumer Products; MEATLife; High-Tech Materials; Consumer Retail; and Others. The company offers soya sauce, fish sauce, seasoning, chili sauce, instant noodles, instant congee, instant coffee, instant cereals, bottled beverages, processed meat, and beer, as well as washing powder, liquid deterg…
Full company profileMasan Group Corp financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Masan Group Corp annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 37.4T | 77.2T | 88.6T | 76.2T | 78.3T | 83.2T | 81.6T | 119T |
| Gross Profit | 10.9T | 17.9T | 22.1T | 21.0T | 22.1T | 24.7T | 25.6T | 36.3T |
| Operating Income | 5.35T | 2.04T | 6.66T | 4.76T | 4.30T | 6.27T | 7.77T | 15.0T |
| EBITDA | 11.7T | 10.7T | 20.8T | 14.4T | 13.6T | 16.6T | 16.7T | 25.1T |
| Net Income | 5.56T | 1.23T | 8.56T | 3.57T | 419B | 2.00T | 4.11T | 10.7T |
| EPS | 3,962 | 875 | 6,044 | 2,505 | 293 | 1,390 | 2,841 | 7,342 |
| Balance Sheet | ||||||||
| Total Assets | 97.3T | 116T | 126T | 141T | 147T | 148T | 129T | 150T |
| Total Liabilities | 45.4T | 90.7T | 83.8T | 105T | 109T | 107T | 83.9T | 96.6T |
| Shareholders' Equity | 42.8T | 15.9T | 32.8T | 26.2T | 26.6T | 30.2T | 35.3T | 43.7T |
| Cash & Short-term Investments | 6.80T | 7.72T | 22.3T | 13.9T | 10.1T | 18.6T | 12.1T | 8.63T |
| Cash Flow | ||||||||
| Operating Cash Flow | 5.10T | 1.35T | 1.14T | -3.79T | 882B | 9.53T | 1.37T | 3.24T |
| Capital Expenditure | 4.16T | 3.68T | 2.81T | 4.17T | 2.86T | 3.10T | 1.88T | 2.39T |
| Free Cash Flow | 942B | -2.33T | -1.66T | -7.95T | -1.98T | 6.43T | -509B | 844B |
| Ratios | ||||||||
| ROE | 13.0% | 7.7% | 26.1% | 13.6% | 1.6% | 6.6% | 11.6% | 24.5% |
| ROA | 5.7% | 1.1% | 6.8% | 2.5% | 0.3% | 1.4% | 3.2% | 7.1% |
| Net Profit Margin | 14.9% | 1.6% | 9.7% | 4.7% | 0.5% | 2.4% | 5.0% | 9.0% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Masan Group Corp dividends
- Dividend yield
- 0.86%
- Forward dividend
- -
- Payout ratio
- 21.7%
- Ex-dividend date
- Jul 4, 2022
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 890B | 616 | 21.7% |
| 2024 | VND 1.72T | 1,197 | 86.1% |
| 2023 | VND 208B | 145 | 49.6% |
| 2022 | VND 1.25T | 880 | 35.1% |
| 2021 | VND 3.44T | 2,430 | 40.2% |
| 2020 | VND 1.40T | 995 | 113.6% |
| 2019 | VND 1.40T | 1,000 | 25.2% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 6:5 on Apr 12, 2022.
Who owns Masan Group Corp
- Insiders 48.78%
- Institutions 10.17%
- Public & others 41.06%
- Shares outstanding 1.46B
- Free float 1.45B
Masan Group Corp company profile
- Company name
- Masan Group Corp
- Ticker
- MSN.VN
- ISIN
- VN000000MSN4
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Conglomerates
- Employees
- 40,411
- Fiscal year end
- December
- Address
- Masan Tower, Ho Chi Minh City, Vietnam
- Phone
- 84 28 6256 3862
- Website
- masangroup.com
About Masan Group Corp
Masan Group Corporation, an investment holding company, manufactures and distributes food and beverage products in Vietnam and internationally. It operates in five segments: Branded Consumer Products; MEATLife; High-Tech Materials; Consumer Retail; and Others. The company offers soya sauce, fish sauce, seasoning, chili sauce, instant noodles, instant congee, instant coffee, instant cereals, bottled beverages, processed meat, and beer, as well as washing powder, liquid detergent, dishwashing liquid, and body wash. It sells its food and beverage products under the CHIN-SU, Omachi, Kokomi, Ponnie, Heo Cao B"i, Vinacafé, Wake-up, Wake-up 247, Compact, Lemona, Vinh H"o, Vivant, Quang Hanh, and Su T" Tr"ng và Red Ruby brands; and home and personal care products under the Joins and Super Net, Chante' and Sopa, Homey, and La'Petal. The company also operates a meat platform under the MEATLife name, which offers chilled and processed meat products under the MEATDeli brand; a retail platform under the WinCommerce brand; and tea and coffee chain under the Phuc Long brand. In addition, it is involved in the provision of financial products and services; production of fluorspar and bismuth; convenience food manufacturing and packaging; exploring and processing minerals, nonferrous metals, and precious metals, such as tungsten; animal protein activities; breeding swine; meat processing; chicken breeding and trading; construction and agriculture activities; retail sale of drugs, medical equipment, cosmetics, and hygiene products; telecommunication activities; and market research activities. Further, the company provides management and investment consulting; capital mobilisation; warehousing and storage services; and laundry services. The company was formerly known as Ma San Group Corporation and changed its name to Masan Group Corporation in August 2009. Masan Group Corporation was founded in 1996 and is headquartered in Ho Chi Minh City, Vietnam.
Masan Group Corp management
9- Mr. Danny LeCEO & Chairman of Management Board · born 1984
- Mr. Nam Thieu NguyenDeputy CEO, Member of Management Board & Director
- Ms. Duyen Thi-My DoanChief Financial Officer
- Mr. Michael Hung NguyenDeputy CEO & Member of Management Board
- Mr. Hung Huy NguyenChief Accountant
- Ms. Patricia MarquesChief Executive Officer of Phuc Long Heritage
- Mr. Michael GloverCEO of Masan High-Tech Materials
- Mr. Truong Cong ThangCEO of Masan Consumer · born 1973
- Mr. Thi Anh NguyenChief Executive Officer of Masan MEATLife · born 1975