FPT Digital Retail Joint Stock Company

HOSE:FRT Stock Report

Market Cap: ₫23.1t

FPT Digital Retail Valuation

Is FRT 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: FRT (₫169900) is trading below our estimate of fair value (₫194196.5)

Significantly Below Fair Value: FRT 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 FRT?

Key metric: As FRT is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FRT. This is calculated by dividing FRT's market cap by their current revenue.
What is FRT's PS Ratio?
PS Ratio0.7x
Sales₫35.21t
Market Cap₫23.15t

Price to Sales Ratio vs Peers

How does FRT's PS Ratio compare to its peers?

The above table shows the PS ratio for FRT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
MWG Mobile World Investment
0.7x9.4%₫85.8t
540205 Aditya Vision
2.9x21.8%₹60.1b
EMIL Electronics Mart India
0.9x15.2%₹61.4b
MVID M.video
0.08xn/a₽36.0b
FRT FPT Digital Retail
0.7x14.3%₫23.1t

Price-To-Sales vs Peers: FRT is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does FRT's PS Ratio compare vs other companies in the Asian Specialty Retail Industry?

59 CompaniesPrice / SalesEstimated GrowthMarket Cap
FRT 0.7xIndustry Avg. 0.6xNo. of Companies93PS00.61.21.82.43+
59 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FRT is expensive based on its Price-To-Sales Ratio (0.7x) compared to the Asian Specialty Retail industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

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

FRT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: FRT is expensive based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 FRT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₫169,900.00
₫196,814.39
+15.8%
8.0%₫220,800.00₫174,500.00n/a7
Nov ’25₫169,900.00
₫195,666.78
+15.2%
8.5%₫220,800.00₫174,500.00n/a6
Oct ’25₫177,100.00
₫186,619.98
+5.4%
12.9%₫220,800.00₫152,859.90n/a6
Sep ’25₫181,700.00
₫186,619.98
+2.7%
12.9%₫220,800.00₫152,859.90n/a6
Aug ’25₫170,000.00
₫183,411.98
+7.9%
13.0%₫211,900.00₫152,859.90n/a5
Jul ’25₫177,200.00
₫158,892.08
-10.3%
19.0%₫211,900.00₫117,700.00n/a6
Jun ’25₫170,500.00
₫158,892.08
-6.8%
19.0%₫211,900.00₫117,700.00n/a6
May ’25₫161,000.00
₫149,825.42
-6.9%
15.9%₫192,500.00₫117,700.00n/a6
Apr ’25₫153,500.00
₫129,083.33
-15.9%
23.9%₫192,500.00₫100,600.00n/a6
Mar ’25₫141,000.00
₫108,757.14
-22.9%
7.7%₫117,700.00₫93,300.00n/a7
Feb ’25₫118,200.00
₫108,757.14
-8.0%
7.7%₫117,700.00₫93,300.00n/a7
Jan ’25₫107,000.00
₫108,757.14
+1.6%
7.7%₫117,700.00₫93,300.00n/a7
Dec ’24₫103,000.00
₫97,566.67
-5.3%
15.5%₫112,700.00₫66,600.00n/a6
Nov ’24₫88,000.00
₫94,373.29
+7.2%
16.7%₫112,000.00₫66,600.00₫169,900.007
Oct ’24₫89,000.00
₫91,616.15
+2.9%
15.3%₫107,200.00₫66,600.00₫177,100.007
Sep ’24₫83,500.00
₫92,901.86
+11.3%
16.9%₫116,200.00₫66,600.00₫181,700.007
Aug ’24₫76,200.00
₫81,194.93
+6.6%
20.5%₫105,000.00₫60,500.00₫170,000.006
Jul ’24₫71,600.00
₫67,195.65
-6.2%
7.5%₫75,913.04₫60,500.00₫177,200.005
Jun ’24₫56,434.78
₫68,869.57
+22.0%
6.1%₫75,913.04₫64,956.52₫170,500.004
May ’24₫55,478.26
₫72,295.65
+30.3%
5.8%₫76,521.74₫67,043.48₫161,000.005
Apr ’24₫53,043.48
₫74,295.65
+40.1%
21.4%₫101,043.48₫52,173.91₫153,500.005
Mar ’24₫62,347.83
₫74,295.65
+19.2%
21.4%₫101,043.48₫52,173.91₫141,000.005
Feb ’24₫61,130.43
₫75,000.00
+22.7%
23.3%₫101,043.48₫52,173.91₫118,200.004
Jan ’24₫60,000.00
₫75,000.00
+25.0%
23.3%₫101,043.48₫52,173.91₫107,000.004
Dec ’23₫59,130.43
₫83,176.81
+40.7%
21.6%₫101,043.48₫52,173.91₫103,000.005
Nov ’23₫70,173.91
₫88,655.07
+26.3%
11.5%₫101,043.48₫76,521.74₫88,000.005

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

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