Refrigeration Electrical Engineering Corp (REE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Refrigeration Electrical Engineering Corp stock VND 39,963, price VND 47,100, that is 15.2% below the price, quality 54 out of 100. Rating: overvalued. Calculated from audited financials with 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 5, 2026.
How to read this chart
60‑month range 23,239 VND – 62,348 VND · fair‑value band 25,977 VND – 68,592 VND · the 47,100 VND price screens above the 39,963 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Refrigeration Electrical Engineering Corporation, together with its subsidiaries, produces, transmits, and distributes renewable electricity using hydro, solar, and wind power in Vietnam.
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It operates through Mechanical and Refrigeration Electrical Engineering; Real Estate and Office Leasing; Power; and Water segments.
The company offers mechanical and electrical engineering services (M&E), manufacturing, assembling, and sales of air-conditioner systems, and real estate development and management services.
It also engages in trading and electricity trading; service supply; digital services; and strategic financial investments in the infrastructure related sector. In addition, the company offers electrical appliances and infrastructure; and office building management and water supply services.
Refrigeration Electrical Engineering Corporation is headquartered in Ho Chi Minh City, Vietnam.
Stock analysis
Refrigeration Electrical Engineering Corp (REE) currently trades at 47,100 VND, while our model-based Fair Value estimate is 39,963 VND, 15% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 75,923 VND per share, and 8 of the 26 models we run sit above the 47,100 VND price.
Bear case: the Dividend Discount group reads lowest at 7,851 VND, and 18 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 25,977 VND (bear) to 68,592 VND (bull), the price of 47,100 VND sits inside 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 54/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Refrigeration Electrical Engineering Corp reported revenue of 10.0T VND in FY2025 versus 5.8T VND in FY2021, a compound +14.6%/yr. Reported net income was 2.5T VND in FY2025, compounding +8.1%/yr from FY2021.
Key figures
Market cap 29.4T VND (≈ $1.1B) Small · P/E ratio 11.1 · P/S ratio 2.85 · EPS (TTM) 4,238 VND · Dividend yield 1.8% · Net margin 25.6% · Return on equity 13.5% · Return on assets (EBIT) 8.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −15%, REE screens cheaper than that median.
Fair Value models
Bear25,977 VNDFair Value 39,963 VNDBull68,592 VND
Price 47,100 VND · Downside -15.2%
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 (2,879 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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+19.4%
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.
+2.2%
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.
+12.2%
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.
+12.7%
’19
’20
’21
’22
’23
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’25
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.
+10.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.1%
Dividend (yield on the price)1.8%
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.22% → 31%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+36.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Vietnam: IMF forecast 4.1% a year to 2030, 3.1% from 2016 to 2025) that is about +31.0% a year for the price.
Compare Refrigeration Electrical Engineering Corp with another stock
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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.Engineering & Construction · 791 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−15.2% · Below median
Profitability
Return on equity (12 months)13.5% · Above median
Return on assets6.3% · Top 25%
Net margin (12 months)25.6% · Top 25%
Operating margin (12 months)30.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−3.5% · Below median
Dividend yield (12 months)1.8% · Below median
Balance sheet
Debt / equity0.45× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Is Refrigeration Electrical Engineering Corp (REE) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 39,963 VND versus a price of 47,100 VND, about 15% lower (overvalued).
What is the fair value of REE?
Our model-based fair value for Refrigeration Electrical Engineering Corp is 39,963 VND (as of Nov 5, 2026), built from audited fundamentals. The current price: 47,100 VND.
What is the quality score of REE?
Refrigeration Electrical Engineering Corp has a Quality Score of 54/100. 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 Refrigeration Electrical Engineering Corp (REE)?
Our model-based price target is the fair value of 39,963 VND (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 25,977 VND, optimistic scenario 68,592 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Refrigeration Electrical Engineering Corp stock forecast for 2026?
Our models put fair value at 39,963 VND, about 15% lower versus a price of 47,100 VND (overvalued). Cautious scenario 25,977 VND, optimistic scenario 68,592 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Refrigeration Electrical Engineering Corp (REE)?
Refrigeration Electrical Engineering Corp reported trailing-twelve-month revenue of about 10.3T VND (latest available figure, as of Nov 5, 2026).
Does Refrigeration Electrical Engineering Corp pay a dividend?
Refrigeration Electrical Engineering Corp currently shows a dividend yield of 1.85% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Refrigeration Electrical Engineering Corp (REE) and when is the ex-dividend date?
Refrigeration Electrical Engineering Corp pays a dividend of 869.57 VND per share a year, a dividend yield of 1.8%. The last ex-dividend date was Feb 26, 2026. A dividend has been paid every year since 2022. The payout ratio is 23.6% of earnings (on adjusted earnings, reported 20.5%). Free cash flow covers the dividend 1.27 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Refrigeration Electrical Engineering Corp (REE)?
For today's price to be fair in a discounted-cash-flow model, Refrigeration Electrical Engineering Corp would have to grow free cash flow by +36.4 % per year for five years (discount rate 13.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.2 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of REE use?
Our models discount Refrigeration Electrical Engineering Corp at 13.4 %: a base by market capitalisation (small), damped by beta 0.07, 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 Refrigeration Electrical Engineering Corp that is +36.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.4 %) and the same formula as our fair value.
How much growth has Refrigeration Electrical Engineering Corp (REE) delivered so far?
Over the past 5 years revenue at Refrigeration Electrical Engineering Corp grew +12.2 % a year. The price currently implies free-cash-flow growth of +36.4 % 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 Refrigeration Electrical Engineering Corp (REE) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Refrigeration Electrical Engineering Corp (+36.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Refrigeration Electrical Engineering Corp (REE)?
The free-cash-flow yield on the price is 2.70 %: that much free cash flow Refrigeration Electrical Engineering Corp produces per unit of market value. When it exceeds the discount rate of our models (13.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Refrigeration Electrical Engineering Corp (REE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Refrigeration Electrical Engineering Corp it is 39,963 VND per share (as of Nov 5, 2026), against a price of 47,100 VND. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Refrigeration Electrical Engineering Corp stock overvalued or undervalued in 2026?
As of Nov 5, 2026, REE trades above its calculated fair value: price 47,100 VND, fair value 39,963 VND, a gap of about −15% (overvalued). 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 REE?
No. The price is what the market pays today (47,100 VND); the fair value is what the company's own numbers justify (39,963 VND). For Refrigeration Electrical Engineering Corp the two are 7,137 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Refrigeration Electrical Engineering Corp worth?
The market values Refrigeration Electrical Engineering Corp at about 29.4T VND (market capitalisation, as of Nov 5, 2026). Per share that is 47,100 VND; our models calculate a fair value of 39,963 VND per share.
What do the bullish and bearish scenarios say about REE?
Our models span a range for Refrigeration Electrical Engineering Corp: cautious scenario 25,977 VND, base 39,963 VND, optimistic 68,592 VND per share (as of Nov 5, 2026, price 47,100 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of REE?
Refrigeration Electrical Engineering Corp trades at a price-to-earnings ratio of 11.1 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 39,963 VND is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 11.6 (reported for FY2025: 10.1). Other multiples: P/B 1.4, P/S 2.8, EV/EBITDA 7.9.
How solid is the balance sheet of Refrigeration Electrical Engineering Corp (REE)?
Balance-sheet figures for Refrigeration Electrical Engineering Corp (as of Nov 5, 2026): return on equity 13.5%, debt of 0.45 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is REE from its 52-week high?
Refrigeration Electrical Engineering Corp trades at 47,100 VND, about 24% below its 52-week high of 62,348 VND and 7% above the low of 43,850 VND (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 39,963 VND is for.
Which stocks are comparable to Refrigeration Electrical Engineering Corp?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 Refrigeration Electrical Engineering Corp stock attractive at the current price?
The data as of Nov 5, 2026: price 47,100 VND, calculated fair value 39,963 VND (−15%), Quality Score 54/100, from 26 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 REE calculated?
We run Refrigeration Electrical Engineering Corp through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 39,963 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. Refrigeration Electrical Engineering Corp itself currently trades above fair value. 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 Refrigeration Electrical Engineering Corp (REE)?
The closing price on Nov 6, 2026 was 47,100 VND. Our model-based fair value is 39,963 VND, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Refrigeration Electrical Engineering Corp right now?
The model range is unusually wide (25,977 VND to 68,592 VND). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Refrigeration Electrical Engineering Corp
How large is the market capitalisation of Refrigeration Electrical Engineering Corp (REE)?
The market capitalisation of Refrigeration Electrical Engineering Corp is 29.4T VND (≈ $1.1B). 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 Refrigeration Electrical Engineering Corp (REE)?
The price-to-sales ratio of Refrigeration Electrical Engineering Corp is 2.85 (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 Refrigeration Electrical Engineering Corp (REE)?
Earnings per share at Refrigeration Electrical Engineering Corp are 4,238 VND (price ÷ EPS = P/E 11.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Refrigeration Electrical Engineering Corp (REE)?
The dividend yield of Refrigeration Electrical Engineering Corp is 1.8% (payout 23.6%, on adjusted earnings, reported 20.5%). 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 Refrigeration Electrical Engineering Corp (REE)?
The net margin of Refrigeration Electrical Engineering Corp is 25.6% (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 Refrigeration Electrical Engineering Corp (REE)?
The return on equity (ROE) of Refrigeration Electrical Engineering Corp is 13.5% (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 Refrigeration Electrical Engineering Corp (REE)?
On an EBIT basis the return on assets of Refrigeration Electrical Engineering Corp is 8.0% (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 Refrigeration Electrical Engineering Corp (REE)?
The operating margin of Refrigeration Electrical Engineering Corp is 30.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Refrigeration Electrical Engineering Corp (REE)?
Revenue at Refrigeration Electrical Engineering Corp is growing −3.5% versus a year earlier (3y avg +2.2%). 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 Refrigeration Electrical Engineering Corp (REE)?
Earnings per share at Refrigeration Electrical Engineering Corp are growing +1.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Refrigeration Electrical Engineering Corp (REE) carry?
The net debt of Refrigeration Electrical Engineering Corp is 7.8T VND (fiscal year 2025, ≈ 11.3 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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Broad data
Nov 5, 2026