Masan Group Corporation

HOSE:MSN Stock Report

Market Cap: ₫102.6t

Masan Group Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 MSN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MSN (₫71300) is trading above our estimate of fair value (₫49825.69)

Significantly Below Fair Value: MSN is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MSN. This is calculated by dividing MSN's market cap by their current earnings.
What is MSN's PE Ratio?
PE Ratio75.5x
Earnings₫1.36t
Market Cap₫102.55t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MSN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.2x
VNM Vietnam Dairy Products
15.5x7.0%₫133.5t
VHC Vinh Hoan
18.4x22.1%₫16.1t
DBC Dabaco Group
16.6x16.0%₫8.9t
SBT Thanh Thanh Cong - Bien Hoa
14.2xn/a₫8.8t
MSN Masan Group
75.5x52.9%₫102.6t

Price-To-Earnings vs Peers: MSN is expensive based on its Price-To-Earnings Ratio (75.5x) compared to the peer average (16.2x).

Price to Earnings Ratio vs Industry

How does MSN's PE Ratio compare vs other companies in the VN Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
MSN 75.5xIndustry Avg. 11.5xNo. of Companies6PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MSN is expensive based on its Price-To-Earnings Ratio (75.5x) compared to the VN Food industry average (11.5x).

Price to Earnings Ratio vs Fair Ratio

What is MSN'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.

MSN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio75.5x
Fair PE Ratio39.2x

Price-To-Earnings vs Fair Ratio: MSN is expensive based on its Price-To-Earnings Ratio (75.5x) compared to the estimated Fair Price-To-Earnings Ratio (39.2x).

Analyst Price Targets

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

The above table shows the analyst MSN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₫71,300.00
₫92,237.50
+29.4%
17.2%₫108,000.00₫54,000.00n/a8
Nov ’25₫74,500.00
₫92,237.50
+23.8%
17.2%₫108,000.00₫54,000.00n/a8
Oct ’25₫76,600.00
₫90,787.50
+18.5%
16.3%₫102,800.00₫54,000.00n/a8
Sep ’25₫76,500.00
₫91,025.00
+19.0%
16.3%₫102,800.00₫54,000.00n/a8
Aug ’25₫71,800.00
₫90,625.00
+26.2%
16.2%₫102,800.00₫54,000.00n/a8
Jul ’25₫76,000.00
₫88,737.78
+16.8%
16.1%₫102,800.00₫54,000.00n/a9
Jun ’25₫76,600.00
₫87,782.22
+14.6%
16.2%₫102,800.00₫54,000.00n/a9
May ’25₫67,200.00
₫85,115.56
+26.7%
15.3%₫98,000.00₫54,000.00n/a9
Apr ’25₫73,400.00
₫83,984.00
+14.4%
16.0%₫95,700.00₫50,000.00n/a10
Mar ’25₫70,500.00
₫82,044.44
+16.4%
16.8%₫95,700.00₫50,000.00n/a9
Feb ’25₫65,100.00
₫84,188.89
+29.3%
17.0%₫101,500.00₫52,000.00n/a9
Jan ’25₫67,000.00
₫84,977.78
+26.8%
16.6%₫101,500.00₫52,000.00n/a9
Dec ’24₫61,500.00
₫86,200.00
+40.2%
15.9%₫101,500.00₫52,000.00n/a9
Nov ’24₫59,500.00
₫87,600.00
+47.2%
15.6%₫101,500.00₫52,000.00₫74,500.009
Oct ’24₫76,300.00
₫93,962.50
+23.1%
7.9%₫105,000.00₫84,100.00₫76,600.008
Sep ’24₫81,500.00
₫98,811.11
+21.2%
18.5%₫146,000.00₫84,000.00₫76,500.009
Aug ’24₫86,700.00
₫92,200.00
+6.3%
8.2%₫102,000.00₫84,000.00₫71,800.008
Jul ’24₫75,200.00
₫91,575.00
+21.8%
7.5%₫100,000.00₫84,000.00₫76,000.008
Jun ’24₫71,800.00
₫101,166.67
+40.9%
18.2%₫146,000.00₫84,000.00₫76,600.009
May ’24₫73,100.00
₫106,444.44
+45.6%
14.9%₫146,000.00₫87,000.00₫67,200.009
Apr ’24₫77,800.00
₫110,240.00
+41.7%
14.0%₫146,000.00₫87,000.00₫73,400.0010
Mar ’24₫80,500.00
₫115,809.09
+43.9%
17.3%₫162,500.00₫96,000.00₫70,500.0011
Feb ’24₫95,200.00
₫119,880.00
+25.9%
16.0%₫162,500.00₫100,000.00₫65,100.0010
Jan ’24₫93,000.00
₫127,460.00
+37.1%
17.4%₫164,800.00₫100,000.00₫67,000.0010
Dec ’23₫99,000.00
₫130,600.00
+31.9%
16.1%₫164,800.00₫100,000.00₫61,500.0010
Nov ’23₫86,500.00
₫136,000.00
+57.2%
13.5%₫164,800.00₫110,900.00₫59,500.0010

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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