The PAN Group JSC 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
Period Ending	Feb '26 Feb 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	7,206,869	5,702,827	4,961,250	4,219,674	3,122,977	8,042,448
Market Cap Growth	29.21%	14.95%	17.57%	35.12%	-61.17%	10.92%
Enterprise Value	9,894,749	9,378,354	8,453,484	8,620,146	7,309,140	12,033,657
Last Close Price	34500.00	27300.00	23402.78	19492.57	14426.43	37151.69
PE Ratio	10.72	8.48	8.78	12.11	10.80	34.67
PS Ratio	0.41	0.32	0.31	0.32	0.23	0.87
PB Ratio	0.79	0.63	0.56	0.51	0.40	1.01
P/TBV Ratio	1.94	1.53	1.49	1.44	1.25	4.21
P/FCF Ratio	0.83	0.66	-	-	8.37	-
P/OCF Ratio	0.81	0.64	-	-	2.99	-
EV/Sales Ratio	0.56	0.53	0.52	0.65	0.54	1.30
EV/EBITDA Ratio	5.52	5.23	5.03	5.99	5.63	14.26
EV/EBIT Ratio	7.69	7.29	7.28	9.18	8.40	26.69
EV/FCF Ratio	1.14	1.08	-	-	19.59	-
Debt / Equity Ratio	0.42	0.42	1.32	1.09	0.67	0.64
Debt / EBITDA Ratio	2.12	2.12	6.96	6.32	4.03	6.05
Debt / FCF Ratio	0.44	0.44	-	-	14.05	-
Net Debt / Equity Ratio	-0.12	-0.12	0.91	0.85	0.33	0.27
Net Debt / EBITDA Ratio	-0.59	-0.59	4.78	4.91	2.00	2.51
Net Debt / FCF Ratio	-0.12	-0.12	-3.89	-1.53	6.98	-1.05
Asset Turnover	0.89	0.89	0.74	0.73	0.86	0.69
Inventory Turnover	4.46	4.46	4.14	3.44	3.92	3.77
Quick Ratio	1.13	1.13	0.35	0.32	0.51	0.67
Current Ratio	1.79	1.79	1.27	1.31	1.30	1.68
Return on Equity (ROE)	13.07%	13.07%	13.57%	10.07%	10.05%	7.26%
Return on Assets (ROA)	4.07%	4.07%	3.30%	3.24%	3.44%	2.10%
Return on Invested Capital (ROIC)	13.06%	8.80%	6.21%	6.20%	7.22%	4.86%
Return on Capital Employed (ROCE)	13.00%	13.00%	12.30%	10.10%	10.50%	4.70%
Earnings Yield	9.33%	11.79%	12.27%	9.62%	11.97%	3.70%
FCF Yield	120.09%	151.76%	-41.57%	-109.25%	11.95%	-25.10%
Dividend Yield	1.51%	-	-	2.56%	-	-
Payout Ratio	56.78%	56.78%	52.61%	42.98%	40.19%	62.36%
Buyback Yield / Dilution	-	-	-	-	-	1.19%
Total Shareholder Return	1.51%	-	-	2.56%	-	1.19%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.