Masan Group named among Vietnam’s 50 best performing companies

By Thy An   September 18, 2023 | 06:00 pm PT
Masan Group entered the Vietnam’s 50 Best-Performing Companies ranking and won the ranking’s title of "Billion Dollar Enterprise 2023."

This marked the 10th time that Masan Group has earned a spot in the Vietnam 50 Best Performing Companies ranking since its unveiling in 2011.

This milestone serves as a testament to Masan's ascent, characterized by remarkable breakthroughs and sustainable growth, thereby making a substantial contribution to the nation's economic progress.

With more than 27 years of growth, Masan Group stands as one of the leading enterprises in Vietnam's consumer and retail sectors.

Currently, Masan operates a network exceeding 3,500 sales outlets' quality, catering to vital consumer requirements.

Masans representative (C) receiving he Vietnam’s 50 Best-Performing Companies award. Photo courtesy of Masan

Masan's representative (C) receiving he Vietnam’s 50 Best-Performing Companies award. Photo courtesy of Masan

The group champions inventive strategies and technological investments, fostering the creation of diverse, top-tier products to meet domestic demands and facilitate exports to key markets including the United States, Japan, Australia, Korea, and Canada.

In the first half of 2023, Masan recorded total assets of around VND140,858 billion, with total equity amounting to VND37,524 billion.

Notably, cash and cash equivalents totaled VND13,452 billion. Furthermore, during Q2 2023, the company's free cash flow displayed consistent improvement, surging to VND1,665 billion in comparison to a mere VND162 billion during the same period in 2022.

During the first six months of 2023, Masan demonstrated resilience in its business performance, navigating through the challenging macroeconomic landscape.

The group achieved a net revenue of VND37,315 billion during this period, reflecting a remarkable 3.6% surge from the VND36,023 billion achieved in the corresponding span of 2022.

The operating profit of The CrownX, Masan's integrated retail consumer platform, which includes Masan Consolidated WinCommerce and Masan Consumer Holdings, experienced year-on-year growth of 38.8%.

This progress was underpinned by the robust underpinnings of its consumer goods enterprise.

Customers shopping at Winmart. Photo courtesy of Masan

Customers shopping at Winmart. Photo courtesy of Masan

In a recent development, J.P. Morgan, a renowned firm specializing in financial services, investment banking, and asset management, has provided a forward-looking projection for the growth prospects of Masan shares.

The firm's forecast indicates that the target price for MSN shares in 2024 is anticipated to be VND102,000 per share. Furthermore, they anticipate an average annual compound EPS growth of 36% from 2023 to 2025.

In their released report, J.P. Morgan said: "Vietnam stands out as the most captivating and extraordinary narrative of consumer growth within the Asian region."

Furthermore, the firm offered an optimistic perspective on Vietnamese consumer stocks over the next twelve months.

According to their evaluation, the consumer retail market in Vietnam is poised for substantial growth, propelled by the nation's rapidly expanding economy, the burgeoning middle-class population, and the accelerating trend of urbanization.

J.P. Morgan's prediction posits that Vietnam is on the brink of becoming a prominent focal point for consumption growth regionally.

Masan shares have assumed a prominent role in representing Vietnam's alluring consumption narrative, owing to their prominent standing in a substantial and promising retail market.

Masan's strategic capital allocation efforts, which prioritize key areas of consumption, retail, and the advancement of the existing consumer market, further bolsters its position as a standout example of Vietnam's compelling consumption.

Despite a demanding macroeconomic environment and sluggish domestic consumption, Masan managed to attain growth and secure its place within the esteemed "Top 50 Most Effective Companies in Vietnam" list, earning accolades from prominent global organizations.

Customers trying Phuc Longs beverages. Photo courtesy of Masan

Customers trying Phuc Long's beverages. Photo courtesy of Masan

The "Vietnam’s 50 Best-Performing Companies" ranking is a prestigious annual assessment undertaken by Nhip Cau Dau Tu magazine in partnership with Thien Viet Securities Company. It is guided by the insights of leading economic and business experts from Harvard Business School.

The aim of this ranking is to identify and commend companies operating on the Vietnamese stock market that exhibit remarkable effectiveness and performance.

The ranking methodology involves a comprehensive assessment of companies' performance over a three-year period, focusing on: revenue, return on equity, and return on shares.

Over the course of 12 successful years (2010–2023), the ranking has consistently conducted surveys.

The 2023 ranking announcement ceremony stands as a distinguished event dedicated to honoring companies with significant scale, substantial capitalization, and impressive growth rates.

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