Military Insurance Ratios and Metrics

Market cap in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020
Period Ending	Mar '26 Mar 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020
Market Capitalization	3,479,232	3,754,186	3,021,769	3,263,510	2,417,415	3,410,550	Upgrade
Market Cap Growth	-6.80%	24.24%	-7.41%	35.00%	-29.12%	-	Upgrade
Enterprise Value	3,251,834	3,511,688	2,949,275	3,191,017	2,408,802	3,299,427	Upgrade
PE Ratio	10.71	11.56	12.67	12.38	15.17	15.20	Upgrade
PS Ratio	0.78	0.84	0.76	0.84	0.61	1.17	Upgrade
PB Ratio	1.32	1.43	1.42	1.57	1.28	1.95	Upgrade
P/FCF Ratio	10.41	11.23	9.42	13.95	19.07	28.13	Upgrade
P/OCF Ratio	9.68	10.44	7.51	11.85	18.65	25.56	Upgrade
EV/Sales Ratio	0.73	0.79	0.75	0.82	0.61	1.14	Upgrade
EV/EBITDA Ratio	7.50	8.10	8.98	8.80	11.40	11.22	Upgrade
EV/EBIT Ratio	7.73	8.34	9.23	8.94	11.78	11.48	Upgrade
EV/FCF Ratio	9.73	10.51	9.20	13.64	19.00	27.21	Upgrade
Net Debt / Equity Ratio	-0.09	-0.09	-0.15	-0.09	-0.05	0.00	Upgrade
Net Debt / EBITDA Ratio	-0.52	-0.52	-1.00	-0.50	-0.43	-0.03	Upgrade
Net Debt / FCF Ratio	-0.68	-0.68	-1.03	-0.78	-0.72	-0.07	Upgrade
Quick Ratio	0.71	0.71	0.62	0.58	0.38	0.68	Upgrade
Current Ratio	1.36	1.36	1.25	1.21	0.96	1.19	Upgrade
Asset Turnover	0.42	0.42	0.42	0.45	0.52	0.48	Upgrade
Return on Equity (ROE)	13.66%	13.66%	11.33%	14.12%	8.76%	13.67%	Upgrade
Return on Assets (ROA)	2.49%	2.49%	2.14%	2.57%	1.69%	2.96%	Upgrade
Return on Invested Capital (ROIC)	12.77%	14.06%	11.74%	14.31%	8.95%	13.97%	Upgrade
Earnings Yield	9.34%	8.65%	7.89%	8.60%	6.59%	6.58%	Upgrade
FCF Yield	9.61%	8.90%	10.62%	7.17%	5.24%	3.55%	Upgrade
Dividend Yield	5.79%	-	-	6.14%	4.05%	-	Upgrade
Payout Ratio	30.81%	30.81%	71.83%	29.22%	0.15%	21.80%	Upgrade
Buyback Yield / Dilution	-9.41%	-9.41%	-	-6.63%	-	-	Upgrade
Total Shareholder Return	-4.01%	-9.41%	-	-0.49%	4.05%	-	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.