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STOCK COMPARISON

First Hotel Co vs Vingroup JSC: Fair Value & Quality

Both stocks run through our valuation models. Here is how First Hotel Co (2706) and Vingroup JSC (VIC) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees First Hotel Co as the less overvalued of the two: First Hotel Co trades at TWD 12.10 versus a fair value of TWD 6.37 (-47%), while Vingroup JSC trades at VND 230,000 versus VND 25,731 (-89%).
First Hotel Co
2706.TW · TWD · Consumer Discretionary
-47%
upside to fair value
overvalued
PriceTWD 12.10
Fair ValueTWD 6.37
Quality67/100
Vingroup JSC
VIC.VN · VND · Consumer Discretionary
-89%
upside to fair value
overvalued
PriceVND 230,000
Fair ValueVND 25,731
Quality30/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

First Hotel CoVingroup JSC
Valuation
17.8×P/E (TTM)163.7×
16.27×P/S (TTM)4.90×
0.61×P/B11.60×
22.4×EV/EBITDA46.8×
−47.4%Fair value upside−88.8%
2.9%Dividend yield0.2%
TWD 0.35Dividend per sharen/a
Profitability
67%Operating margin14%
1.11×EBIT margin trend (5Y)n/a
3%Return on equity9%
1%Return on assets1%
Growth
2%Revenue growth (YoY)25%
9.1%Avg. growth/yr (3Y)48.3%
7.3%Avg. growth/yr (5Y)24.6%
+18.1%Value creation/yr−3.1%
Balance & size
126.0×Interest coverage (EBIT/interest)0.1×
n/aDebt / equity1.51×
$194MMarket cap$66B
healthyGrowth qualityexpensive

First Hotel Co leads: 9 to 3 metric wins.

n/a = 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.

First Hotel Coof which business quality 64 · market factors 50 Vingroup JSCof which business quality 31 · market factors 67
ProfitabilityMargins and returns on capital today
32
21
Quality GrowthAre margins and returns improving?
41
67
CashflowEarnings quality: real cash, not paper profit
82
46
Fin. StrengthBalance sheet, leverage, solvency risk
77
7
InvestmentDisciplined investing over empire-building
93
16
Low VolatilityCalm price path (market factor)
100
21
MomentumPrice trend over the last 3–12 months (market factor)
36
83
52W MomentumDistance to the 52-week high (market factor)
17
93
Net IssuanceShare count: buybacks or dilution?
68
36

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyFirst Hotel CoPrice TWD 12.10Vingroup JSCPrice VND 230,000
DCF Models-48%below the priceTWD 6.26n/a
Earnings-Based-50%below the priceTWD 6.02-82%below the priceVND 41,154
Dividend Discountn/a-97%below the priceVND 6,047
Multiples-31%below the priceTWD 8.39-87%below the priceVND 29,515
Asset-Based+12%close to the priceTWD 13.57-94%below the priceVND 13,280
Growth DCF-51%below the priceTWD 5.96n/a
Economic Profit-34%below the priceTWD 7.94-92%below the priceVND 17,368
Growth Earnings-9%close to the priceTWD 10.99-77%below the priceVND 52,663
Minimum-51%below the priceTWD 5.96-97%below the priceVND 6,047
Maximum+12%close to the priceTWD 13.57-77%below the priceVND 52,663
Median-34%below the priceTWD 7.94-90%below the priceVND 23,442
Geometric mean-33%below the priceTWD 8.07-91%below the priceVND 21,139

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

First Hotel Co: 18 of 21 models see the stock below the current price.

Vingroup JSC: 12 of 12 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

First Hotel Co
Price TWD 12.10
Fair Value TWD 6.37
Bear TWD 5.20Bull TWD 8.09
Vingroup JSC
Price VND 230,000
Fair Value VND 25,731
Bear VND 19,298Bull VND 35,287

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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.

First Hotel Co · Consumer Discretionary

Quality score67 · Top 25%
Fair value upside-47% · bottom 25%

Vingroup JSC · Consumer Discretionary

Quality score30 · bottom 25%
Fair value upside-89% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees First Hotel Co as the less overvalued of the two: First Hotel Co trades at TWD 12.10 versus a fair value of TWD 6.37 (-47%), while Vingroup JSC trades at VND 230,000 versus VND 25,731 (-89%).

First Hotel Co has the higher quality score (67/100).

Open First Hotel Co live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.