Business valuation of VN dairy products joint stock Co. (Vinamilk - HOSE: CNM)
Abstract
This thesis analyzes Vinamilk via three main steps of business analysis and valuation: business strategy analysis, financial analysis and prospective analysis. Subsequently, the Discounted Cash Flow and P/E Multiple valuation models are applied to estimate the fair value of Vinamilk. WACC is then applied to calculate the cost of capital. Moreover, other assumptions have been employed to forecast the future performance of Vinamilk. Concluding that with a leading position in the dair y market, domination in market share, reasonable development strategies and overall
good performance, Vinamilk is identified a great choice for middle-term investment.