Section II · Valuation
Coverage
Five Vietnam-listed issuers, each valued with the methods that fit the business, and every workbook open for review. Ranges, not single targets: where methods disagree, the spread is the finding.
How to read the table
Values are VND per share. The implied move compares each method's base case or midpoint with the share price the model used. Click a column heading to sort.
Dated figures All models and prices are as of 11 Jun 2026 and have not been refreshed since. Implied moves are against those prices, not today's.
Coverage table · VND per share
Scroll sideways for every method.
| BID BIDV Banking | 41.7k | — | 39.7k–44.3k +0.8% | — | — | +0.8% | +0.8% |
|---|---|---|---|---|---|---|---|
| BMP Binh Minh Plastics Building Materials | 135.2k | — | — | ≈152.8k +13.0% | 142.0k +5.0% | +5.0% | +13.0% |
| FPT FPT Corporation Technology & IT Services | 74.2k | 83.2k +12.1% | 76.2k–77.1k +3.3% | — | — | +3.3% | +12.1% |
| HPG Hoa Phat Group Steel & Industrial Materials | 23.6k | 22.3k −5.7% | 25.5k–25.9k +8.9% | — | — | −5.7% | +8.9% |
| PNJ Phu Nhuan Jewelry Consumer Retail | 64.0k | — | 72.8k–74.3k +14.9% | ≈69.8k +9.1% | 66.0k +3.1% | +3.1% | +14.9% |
≈ marks approximate precedent-transaction outputs. Low and high move are the weakest and strongest method versus the price used; methods are not blended into one target. Academic work, not investment advice.
DCF
Forecast-driven valuation using free cash flow, discount rate, terminal value, and sensitivity checks.
Comparable Analysis
Peer-based valuation using listed-company multiples to cross-check where the market prices similar earnings streams.
Precedent Transactions + LBO
Transaction and sponsor-return valuation for situations where control premiums, entry multiples, and exit returns matter.