4 ms·
Unless I'm mistaken, at $37.06/share, multiplied by 1.3m floating shares, VinFast is only worth $48.2 million.
by gamblor956 3y ago
Unless I'm mistaken, at $37.06/share, multiplied by 1.3m floating shares, VinFast is only worth $48.2 million.
- Enginerrrd 3y agoDoes that account for the fact that those shares combined are worth less than 1% of the company?
- Tagbert 3y agoAre those other 99% shares tasting at this price or are they locked away? If they were included in trading the purchase would likely be significantly lower and so would the valuation
- Enginerrrd 3y agoNo they're privately owned and not trading.
- Tagbert 3y agoSo that stock price doesn’t apply to them.
- Enginerrrd 3y agoIf I have 100 total shares of my company, and I put 10% of my company up for sale (10 shares) and the shares trade for $10, then the market has decided my total company is worth $1000.
- goodbyesf 3y agoBut market cap is price multiplied by total outsanding shares ( public + privately held shares ). If you and I IPO a company. We each keep 25% of the shares and float the remaining 50%. Using your logic, our insider shares representing 50% of the company has no value. Also, if the company were to pay dividends, are our shares not applicable? You can't calculate the value of a company on just the float, unless the float represents all or most of the shares. Of course having such a small float is ridiculous as well. Seems like the vinfast stock is exists solely for financial shenanigans behind the scenes.
- gamblor956 3y agoI deliberately excluded the 99% shares that are still held by the CEO because I think that even the valuation based purely on floated shares grossly overstates the value of the company. VinFast cars are some of the worst cars ever released in the U.S. Test drive one and you'll understand immediately. (And on that note, VinFast has sold fewer than 200 cars in the U.S. to date.)