PetroVietnam Fertilizer and Chemicals Corporation - JSC

HOSE:DPM Stock Report

Market Cap: ₫13.9t

PetroVietnam Fertilizer and Chemicals Corporation - JSC Valuation

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

Below Fair Value: DPM (₫35500) is trading below our estimate of fair value (₫50367.87)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DPM. This is calculated by dividing DPM's market cap by their current earnings.
What is DPM's PE Ratio?
PE Ratio25.9x
Earnings₫535.67b
Market Cap₫13.89t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DPM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.7x
DCM Petrovietnam Camau Fertilizer
14.5x21.3%₫20.1t
VFG Vietnam Fumigation
8xn/a₫3.5t
LAS Lam Thao Fertilizers & Chemicals
12.8xn/a₫2.4t
BFC Binh Dien Fertilizer
7.8xn/a₫2.2t
DPM PetroVietnam Fertilizer and Chemicals Corporation - JSC
25.9x25.3%₫13.9t

Price-To-Earnings vs Peers: DPM is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the peer average (10.7x).

Price to Earnings Ratio vs Industry

How does DPM's PE Ratio compare vs other companies in the VN Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
DPM 25.9xIndustry Avg. 14.5xNo. of Companies4PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DPM is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the VN Chemicals industry average (14.5x).

Price to Earnings Ratio vs Fair Ratio

What is DPM'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.

DPM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.9x
Fair PE Ratio14.6x

Price-To-Earnings vs Fair Ratio: DPM is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the estimated Fair Price-To-Earnings Ratio (14.6x).

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 DPM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₫35,500.00
₫40,500.00
+14.1%
3.6%₫42,000.00₫38,500.00n/a4
Nov ’25₫33,900.00
₫39,675.00
+17.0%
6.9%₫42,000.00₫35,200.00n/a4
Oct ’25₫35,550.00
₫39,150.00
+10.1%
7.4%₫42,000.00₫35,200.00n/a4
Sep ’25₫34,850.00
₫39,150.00
+12.3%
7.4%₫42,000.00₫35,200.00n/a4
Aug ’25₫34,450.00
₫37,725.00
+9.5%
11.5%₫42,000.00₫31,900.00n/a4
Jul ’25₫36,200.00
₫37,180.00
+2.7%
10.8%₫42,000.00₫31,900.00n/a5
Jun ’25₫36,000.00
₫37,136.80
+3.2%
16.9%₫46,684.00₫30,100.00n/a5
May ’25₫31,600.00
₫36,816.80
+16.5%
17.8%₫46,684.00₫30,100.00n/a5
Apr ’25₫35,550.00
₫36,816.80
+3.6%
17.8%₫46,684.00₫30,100.00n/a5
Mar ’25₫35,100.00
₫37,056.80
+5.6%
17.1%₫46,684.00₫30,100.00n/a5
Feb ’25₫33,100.00
₫37,476.80
+13.2%
15.8%₫46,684.00₫31,500.00n/a5
Jan ’25₫33,300.00
₫36,740.57
+10.3%
14.1%₫46,684.00₫31,500.00n/a7
Dec ’24₫33,200.00
₫36,740.57
+10.7%
14.1%₫46,684.00₫31,500.00n/a7
Nov ’24₫28,850.00
₫37,197.33
+28.9%
15.0%₫46,684.00₫30,000.00₫33,900.006
Oct ’24₫36,900.00
₫37,697.33
+2.2%
16.1%₫46,684.00₫30,000.00₫35,550.006
Sep ’24₫36,950.00
₫35,700.00
-3.4%
12.8%₫45,000.00₫30,000.00₫34,850.006
Aug ’24₫39,150.00
₫34,583.33
-11.7%
5.9%₫38,000.00₫31,900.00₫34,450.006
Jul ’24₫34,750.00
₫34,583.33
-0.5%
5.9%₫38,000.00₫31,900.00₫36,200.006
Jun ’24₫31,600.00
₫37,833.33
+19.7%
6.8%₫40,700.00₫33,100.00₫36,000.006
May ’24₫33,600.00
₫40,420.00
+20.3%
10.8%₫48,000.00₫34,500.00₫31,600.005
Apr ’24₫33,300.00
₫40,475.00
+21.5%
12.1%₫48,000.00₫34,500.00₫35,550.004
Mar ’24₫34,850.00
₫41,875.00
+20.2%
8.6%₫48,000.00₫38,700.00₫35,100.004
Feb ’24₫42,150.00
₫46,375.00
+10.0%
21.1%₫63,100.00₫38,600.00₫33,100.004
Jan ’24₫42,950.00
₫44,525.00
+3.7%
6.3%₫48,000.00₫40,700.00₫33,300.004
Dec ’23₫39,300.00
₫49,975.00
+27.2%
17.7%₫63,100.00₫40,700.00₫33,200.004
Nov ’23₫43,650.00
₫53,450.00
+22.5%
15.3%₫63,100.00₫40,700.00₫28,850.004

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Ha Giang Mineral Mechanics

₫1.8t

Explores, extracts, and process mineral ores in Vietnam and internationally.

HGM

₫139,000.00

7D

-6.1%

1Y

n/a

Thanh Thai Group

₫31.7b

Manufactures and sells metals in Vietnam.

KKC

₫6,100.00

7D

0%

1Y

-3.2%

Vicostone

₫10.2t

Engages in the manufacture and sale of quartz based engineered stones in Asia and internationally.

VCS

₫63,700.00

7D

-6.0%

1Y

10.2%