Vietnam Dairy Products Joint Stock Company

HOSE:VNM Stock Report

Market Cap: ₫137.9t

Vietnam Dairy Products Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: VNM (₫66000) is trading below our estimate of fair value (₫75186.4)

Significantly Below Fair Value: VNM is trading below fair value, but not by a significant amount.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

VNM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA10.2x
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VNM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.5x
KDC KIDO Group
34xn/a₫16.0t
VHC Vinh Hoan
19.5x31.2%₫16.9t
DBC Dabaco Group
20xn/a₫8.4t
VCF Vinacafé Bien Hoa
12.6xn/a₫5.8t
VNM Vietnam Dairy Products
16.7x6.8%₫137.9t

Price-To-Earnings vs Peers: VNM is good value based on its Price-To-Earnings Ratio (16.7x) compared to the peer average (21.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: VNM is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the VN Food industry average (12.4x).


Price to Earnings Ratio vs Fair Ratio

What is VNM'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.

VNM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.7x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: VNM is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).


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 VNM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₫66,000.00
₫80,175.00
+21.5%
5.2%₫88,000.00₫71,600.00n/a12
Jun ’25₫65,400.00
₫79,850.00
+22.1%
6.1%₫88,000.00₫71,600.00n/a12
May ’25₫65,000.00
₫80,800.00
+24.3%
7.0%₫90,500.00₫71,600.00n/a12
Apr ’25₫67,000.00
₫83,145.45
+24.1%
8.5%₫98,500.00₫72,000.00n/a11
Mar ’25₫71,500.00
₫84,200.00
+17.8%
7.5%₫98,500.00₫76,100.00n/a11
Feb ’25₫67,500.00
₫85,163.64
+26.2%
7.1%₫98,500.00₫76,100.00n/a11
Jan ’25₫67,600.00
₫85,936.36
+27.1%
9.2%₫107,000.00₫76,100.00n/a11
Dec ’24₫68,400.00
₫86,881.82
+27.0%
8.4%₫107,000.00₫76,100.00n/a11
Nov ’24₫70,400.00
₫87,436.36
+24.2%
7.9%₫107,000.00₫80,500.00n/a11
Oct ’24₫74,200.00
₫85,480.00
+15.2%
3.8%₫90,700.00₫80,500.00n/a10
Sep ’24₫77,800.00
₫82,346.33
+5.8%
11.5%₫90,700.00₫54,209.64n/a11
Aug ’24₫76,000.00
₫80,472.64
+5.9%
10.5%₫90,500.00₫55,999.00n/a11
Jul ’24₫71,000.00
₫81,463.55
+14.7%
12.4%₫98,400.00₫55,999.00n/a11
Jun ’24₫66,100.00
₫82,184.54
+24.3%
11.9%₫98,400.00₫55,999.00₫65,400.0013
May ’24₫70,000.00
₫83,898.08
+19.9%
11.5%₫98,400.00₫55,999.00₫65,000.0013
Apr ’24₫74,400.00
₫84,569.64
+13.7%
11.9%₫100,000.00₫55,999.00₫67,000.0014
Mar ’24₫76,900.00
₫84,691.07
+10.1%
11.9%₫100,000.00₫55,999.00₫71,500.0014
Feb ’24₫77,200.00
₫85,728.85
+11.0%
12.1%₫100,000.00₫55,999.00₫67,500.0013
Jan ’24₫76,100.00
₫86,344.21
+13.5%
13.2%₫108,000.00₫55,998.74₫67,600.0013
Dec ’23₫82,400.00
₫85,721.23
+4.0%
13.2%₫108,000.00₫57,000.00₫68,400.0013
Nov ’23₫80,200.00
₫83,997.82
+4.7%
14.3%₫108,000.00₫57,000.00₫70,400.0011
Oct ’23₫72,300.00
₫83,820.00
+15.9%
15.0%₫108,000.00₫57,000.00₫74,200.0010
Sep ’23₫75,500.00
₫84,540.00
+12.0%
15.1%₫108,000.00₫57,000.00₫77,800.0010
Aug ’23₫73,500.00
₫85,190.00
+15.9%
14.3%₫108,000.00₫59,000.00₫76,000.0010
Jul ’23₫73,700.00
₫88,233.90
+19.7%
10.1%₫108,000.00₫79,000.00₫71,000.0010
Jun ’23₫71,900.00
₫94,667.18
+31.7%
10.8%₫111,000.00₫80,000.00₫66,100.0011

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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