FPT Corp (FPT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of FPT Corp stock VND 106,196, price VND 50,800, upside +109.0%, quality 42 out of 100. Rating: strongly undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 36,643 VND – 118,070 VND · fair‑value band 52,056 VND – 136,254 VND · the 50,800 VND price screens below the 106,196 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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FPT Corporation, together with its subsidiaries, provides information technology (IT) and telecommunication products and services in Vietnam and internationally. It operates through Information Technology and Telecommunication; and Investment, Education and Others segments.
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The company offers internet services to individuals and households, as well as to enterprises, including internet leased line, domestic and international telecommunication, domain, hosting, web portal, and IPTV services; and online services for enterprises and individual customers, such as online newspapers and advertising, online music and payment services, and advertising systems.
It also provides various IT products and services, including software production, digital transformation, IT system transformation, quality assurance testing, embedded software design, and ERP implementation and management services, as well as consultancy and deployment services based on S.M.A.C./Internet of Things technology; application software and information system integration services and solutions; data center, and networking and security system design services; warranty and maintenance of IT products; and IT equipment.
In addition, the company offers software export, package and solutions, and related services; digital transformation and IT consulting, system management, BPO, cloud computing, and artificial intelligence and automation services; pay television and value added services; ADSL, line leasing, and online services; education services at primary, high school, college, university, and post-graduate levels, as well as online education services; and financial investment services.
The company was formerly known as The Corporation for Financing and Promoting Technology and changed its name to FPT Corporation in December 2008. FPT Corporation was founded in 1988 and is headquartered in Hanoi, Vietnam.
Stock analysis
FPT Corp (FPT) currently trades at 50,800 VND, while our model-based Fair Value estimate is 106,196 VND, implying the stock looks roughly 52% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 95,991 VND per share, and 11 of the 16 models we run sit above the 50,800 VND price.
Bear case: the Dividend Discount group reads lowest at 29,345 VND, and 5 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 52,056 VND (bear) to 136,254 VND (bull), the price of 50,800 VND sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
FPT Corp reported revenue of 70.1T VND in FY2025 versus 35.7T VND in FY2021, a compound +18.4%/yr. Reported net income was 9.4T VND in FY2025, compounding +21.3%/yr from FY2021.
Key figures
Market cap 95.1T VND (≈ $3.7B) Mid · P/E ratio 10.2 · P/S ratio 1.58 · EPS (TTM) 4,957 VND · Dividend yield 4.6% · Net margin 17.1% · Return on equity 24.8% · Return on assets (EBIT) 12.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 28% fair-value upside, at 109%, FPT screens cheaper than that median.
Fair Value models
Bear52,056 VNDFair Value 106,196 VNDBull136,254 VND
Price 50,800 VND · Upside +109.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (4,237 VND per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF38,778 VND58,946 VND106,484 VND78
Growth DCF37,317 VND61,823 VND100,075 VND77
Residual Income25,859 VND33,565 VND55,104 VND74
All 16 models by family
DCF Models
FCF DCF38,778 VND58,946 VND106,484 VND78
5Y Revenue Exit51,027 VND95,991 VND167,230 VND70
5Y EBITDA Exit73,359 VND145,794 VND253,094 VND72
10Y Revenue Exit44,023 VND84,863 VND147,167 VND64
10Y EBITDA Exit59,220 VND119,749 VND227,236 VND65
Dividend Discount
Gordon GGM17,624 VND30,318 VND40,172 VND68
DDM Multi-Stage17,624 VND28,372 VND32,539 VND67
Multiples
P/S Multiple63,395 VND84,527 VND105,658 VND58
P/B Multiple26,670 VND35,559 VND44,449 VND55
EV/EBIT90,564 VND122,614 VND154,663 VND66
EV/EBITDA88,416 VND119,749 VND151,083 VND67
EV/Revenue47,443 VND70,169 VND92,895 VND53
Asset-Based
NCAV (Graham)2,275 VND3,447 VND4,308 VND54
Growth DCF
Growth DCF37,317 VND61,823 VND100,075 VND77
Rev-Margin DCF51,027 VND95,593 VND159,809 VND70
Economic Profit
Residual Income25,859 VND33,565 VND55,104 VND74
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.6%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.7%
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What shareholders gained per year (last 5 years), in VND ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in VND: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.1%
Dividend (yield on the price)4.6%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 16%
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−0.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (Vietnam: IMF forecast 4.1% a year to 2030, 3.1% from 2016 to 2025) that is about +9.6% a year for the price and −4.5% for the forecasts.
AI conclusion: Strong double-digit profit growth in the technology segment driven by sharply rising AI and data analytics revenues contrasts with the main weakness of markedly slower new global IT service contracts.
Main risk: Slowing new global IT service contracts represent the biggest risk to revenue growth if the AI push fails to fully offset softening traditional outsourcing demand.
FPT keeps posting solid double-digit profit growth in its technology segment, with AI and data analytics revenue rising sharply. At the same time new global IT service contracts have slowed markedly in the latest quarter. Does the company's push into AI and digital transformation deliver enough new momentum to outweigh any softening in traditional outsourcing demand?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 479 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+109.0% · Top 25%
Profitability
Return on equity (12 months)24.8% · Top 25%
Return on assets10.6% · Top 25%
Net margin (12 months)17.1% · Top 25%
Operating margin (12 months)14.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−20.1% · Bottom 25%
Dividend yield (12 months)4.6% · Top 25%
Balance sheet
Debt / equity0.05× · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (12 months)10.2× · Cheapest 25%
P/B2.61× · Pricier than median
P/S (12 months)1.58× · Pricier than median
Price / free cash flow (fiscal year)18.9× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "FPT Corp Fair Value". https://www.fairvalue-calculator.com/stock/FPT
Frequently asked questions
Is FPT Corp (FPT) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 106,196 VND versus a price of 50,800 VND, about +109% upside (undervalued).
What is the fair value of FPT?
Our model-based fair value for FPT Corp is 106,196 VND (as of Nov 4, 2026), built from audited fundamentals. The current price: 50,800 VND.
What is the quality score of FPT?
FPT Corp has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for FPT Corp (FPT)?
Our model-based price target is the fair value of 106,196 VND (as of Nov 4, 2026) from 16 valuation models. Cautious scenario 52,056 VND, optimistic scenario 136,254 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the FPT Corp stock forecast for 2026?
Our models put fair value at 106,196 VND, about +109% upside versus a price of 50,800 VND (undervalued). Cautious scenario 52,056 VND, optimistic scenario 136,254 VND. The calculation is refreshed regularly with new filings.
What is the revenue of FPT Corp (FPT)?
FPT Corp reported trailing-twelve-month revenue of about 60.2T VND (latest available figure, as of Nov 4, 2026).
Does FPT Corp pay a dividend?
FPT Corp currently shows a dividend yield of 4.62% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of FPT Corp (FPT)?
FPT Corp has a dividend yield of 4.6%.
What growth is priced into FPT Corp (FPT)?
For today's price to be fair in a discounted-cash-flow model, FPT Corp would have to grow free cash flow by +14.1 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.6 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of FPT use?
Our models discount FPT Corp at 11.9 %: a base by market capitalisation (mid), damped by beta 0.50, country premium for Vietnam. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For FPT Corp that is +14.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has FPT Corp (FPT) delivered so far?
Over the past 5 years revenue at FPT Corp grew +18.6 % a year. The price currently implies free-cash-flow growth of +14.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of FPT Corp (FPT) growing?
The median revenue growth in the sector is +15.9 % a year. That is the yardstick for the growth priced into FPT Corp (+14.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of FPT Corp (FPT)?
The free-cash-flow yield on the price is 5.82 %: that much free cash flow FPT Corp produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FPT Corp (FPT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FPT Corp it is 106,196 VND per share (as of Nov 4, 2026), against a price of 50,800 VND. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is FPT Corp stock overvalued or undervalued in 2026?
As of Nov 4, 2026, FPT trades below its calculated fair value: price 50,800 VND, fair value 106,196 VND, a gap of about +109% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FPT?
No. The price is what the market pays today (50,800 VND); the fair value is what the company's own numbers justify (106,196 VND). For FPT Corp the two are 55,396 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is FPT Corp worth?
The market values FPT Corp at about 95.1T VND (market capitalisation, as of Nov 4, 2026). Per share that is 50,800 VND; our models calculate a fair value of 106,196 VND per share.
What do the bullish and bearish scenarios say about FPT?
Our models span a range for FPT Corp: cautious scenario 52,056 VND, base 106,196 VND, optimistic 136,254 VND per share (as of Nov 4, 2026, price 50,800 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FPT?
FPT Corp trades at a price-to-earnings ratio of 10.2 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 106,196 VND is built from several models across several years. Other multiples: P/B 2.6, P/S 1.6, EV/EBITDA 7.9.
How solid is the balance sheet of FPT Corp (FPT)?
Balance-sheet figures for FPT Corp (as of Nov 4, 2026): return on equity 24.8%, debt of 0.05 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is FPT from its 52-week high?
FPT Corp trades at 50,800 VND, about 47% below its 52-week high of 95,144 VND and 1% above the low of 50,200 VND (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 106,196 VND is for.
Which stocks are comparable to FPT Corp?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is FPT Corp stock attractive at the current price?
The data as of Nov 4, 2026: price 50,800 VND, calculated fair value 106,196 VND (+109%), Quality Score 42/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FPT calculated?
We run FPT Corp through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 106,196 VND builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. FPT Corp currently trades 52% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of FPT Corp (FPT)?
The closing price on Nov 6, 2026 was 50,800 VND. Our model-based fair value is 106,196 VND, about +109% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FPT Corp right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (52,056 VND). The market is more pessimistic than our downside scenario. The model range is unusually wide (52,056 VND to 136,254 VND). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of FPT Corp
How large is the market capitalisation of FPT Corp (FPT)?
The market capitalisation of FPT Corp is 95.1T VND (≈ $3.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of FPT Corp (FPT)?
The price-to-sales ratio of FPT Corp is 1.58 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of FPT Corp (FPT)?
Earnings per share at FPT Corp are 4,957 VND (price ÷ EPS = P/E 10.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FPT Corp (FPT)?
The dividend yield of FPT Corp is 4.6% (payout 47.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of FPT Corp (FPT)?
The net margin of FPT Corp is 17.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of FPT Corp (FPT)?
The return on equity (ROE) of FPT Corp is 24.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of FPT Corp (FPT)?
On an EBIT basis the return on assets of FPT Corp is 12.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of FPT Corp (FPT)?
The operating margin of FPT Corp is 14.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FPT Corp (FPT)?
Revenue at FPT Corp is growing −20.1% versus a year earlier (3y avg +16.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at FPT Corp (FPT)?
Earnings per share at FPT Corp are growing +10.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does FPT Corp (FPT) carry?
The net debt of FPT Corp is 10.5T VND (fiscal year 2025, ≈ 2.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 4, 2026