Vietnam Dairy Products Joint Stock Company

SET:VNM19 Stock Report

Market Cap: ฿182.8b

Vietnam Dairy Products Valuation

Is VNM19 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VNM19 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VNM19 (THB9.15) is trading below our estimate of fair value (THB12.93)

Significantly Below Fair Value: VNM19 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VNM19?

Key metric: As VNM19 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VNM19. This is calculated by dividing VNM19's market cap by their current earnings.
What is VNM19's PE Ratio?
PE Ratio15.7x
Earnings₫8.60t
Market Cap₫134.80t

Price to Earnings Ratio vs Peers

How does VNM19's PE Ratio compare to its peers?

The above table shows the PE ratio for VNM19 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.2x
CPF Charoen Pokphand Foods
13.5x4.2%฿195.4b
TFMAMA Thai President Foods
15.2xn/a฿65.9b
TU Thai Union Group
10.9x9.7%฿57.4b
ITC i-Tail Corporation
17.3x12.9%฿61.8b
VNM19 Vietnam Dairy Products
15.7x7.1%฿134.8t

Price-To-Earnings vs Peers: VNM19 is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (14.2x).

Price to Earnings Ratio vs Industry

How does VNM19's PE Ratio compare vs other companies in the TH Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
VNM19 15.7xIndustry Avg. 13.1xNo. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VNM19 is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the TH Food industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is VNM19's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VNM19 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VNM19's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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