Red Star Macalline Grp vs Vingroup JSC: Fair Value & Quality
Both stocks run through our valuation models. Here is how Red Star Macalline Grp (1528) and Vingroup JSC (VIC) compare, as of Aug 11, 2026.
As of Aug 11, 2026, Fair Value Calculator sees Red Star Macalline Grp as the less overvalued of the two: Red Star Macalline Grp trades at HK$1.08 versus a fair value of HK$0.16 (-85%), while Vingroup JSC trades at VND 208,500 versus VND 25,731 (-88%).
Red Star Macalline Grp
1528.HK · HKD · Real Estate
-85%
upside to fair value
overvalued
PriceHK$1.08
Fair ValueHK$0.16
Quality41/100
Vingroup JSC
VIC.VN · VND · Consumer Discretionary
-88%
upside to fair value
overvalued
PriceVND 208,500
Fair ValueVND 25,731
Quality30/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Red Star Macalline GrpVingroup JSC
Valuation
—P/E (TTM)158.7×
0.09×P/S (TTM)4.75×
—P/B11.25×
18.6×EV/EBITDA45.5×
Profitability
0%Net margin3%
41%Operating margin14%
-68%Return on equity9%
1%Return on assets1%
Growth
-4%Revenue growth (YoY)25%
-23.3%Avg. growth/yr (3Y)48.3%
-14.8%Avg. growth/yr (5Y)24.6%
Balance & size
0.93×Debt / equity1.51×
$589MMarket cap$64B
weakGrowth qualityexpensive
Even match: 5 to 5 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Red Star Macalline Grpof which business quality 37 · market factors 21Vingroup JSCof which business quality 31 · market factors 66
ProfitabilityMargins and returns on capital today
1
21
Quality GrowthAre margins and returns improving?
11
67
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
96
16
Low VolatilityCalm price path (market factor)
50
22
MomentumPrice trend over the last 3–12 months (market factor)
12
80
52W MomentumDistance to the 52-week high (market factor)
4
91
Net IssuanceBuybacks instead of dilution
82
36
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Red Star Macalline Grp
DCF ModelsHK$0.09
Dividend DiscountHK$0.16
MultiplesHK$1.21
Asset-BasedHK$3.67
4 of 6 models see the stock below the current price.
Vingroup JSC
Earnings-BasedVND 41,154
Dividend DiscountVND 6,565
MultiplesVND 29,515
Asset-BasedVND 13,280
Economic ProfitVND 17,766
Growth EarningsVND 52,663
12 of 12 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Red Star Macalline Grp
Bear HK$0.15Fair Value HK$0.16Bull HK$0.64
HK$1.08 = current price (white tick)
Vingroup JSC
Bear VND 19,298Fair Value VND 25,731Bull VND 32,164
VND 208,500 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Red Star Macalline Grp · Real Estate
Quality score41 · bottom 25%
Fair value upside-85% · bottom 25%
Vingroup JSC · Consumer Discretionary
Quality score30 · bottom 25%
Fair value upside-88% · bottom 25%
Bottom line
As of Aug 11, 2026, Fair Value Calculator sees Red Star Macalline Grp as the less overvalued of the two: Red Star Macalline Grp trades at HK$1.08 versus a fair value of HK$0.16 (-85%), while Vingroup JSC trades at VND 208,500 versus VND 25,731 (-88%).
Red Star Macalline Grp has the higher quality score (41/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
