STOCK COMPARISON
FirstService vs Vingroup JSC: Fair Value & Quality
Both stocks run through our valuation models. Here is how FirstService (FSV) and Vingroup JSC (VIC) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees FirstService as the less overvalued of the two: FirstService trades at $144 versus a fair value of $63.49 (-56%), while Vingroup JSC trades at VND 215,000 versus VND 25,731 (-88%).
FirstService
FSV · USD · Real Estate
-56%
upside to fair value
overvalued
Price$144
Fair Value$63.49
Quality51/100
Vingroup JSC
VIC.VN · VND · Consumer Discretionary
-88%
upside to fair value
overvalued
PriceVND 215,000
Fair ValueVND 25,731
Quality30/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
FirstServiceVingroup JSC
Valuation
41.8×P/E (TTM)158.7×
1.23×P/S (TTM)4.75×
4.96×P/B11.25×
14.4×EV/EBITDA45.5×
2.17×PEG—
0.8%Dividend yield—
$1.13Dividend per share—
Profitability
3%Net margin3%
4%Operating margin14%
11%Return on equity9%
5%Return on assets1%
Growth
5%Revenue growth (YoY)25%
13.8%Avg. growth/yr (3Y)48.3%
14.8%Avg. growth/yr (5Y)24.6%
Balance & size
0.78×Debt / equity1.51×
$7BMarket cap$64B
mixedGrowth qualityexpensive
FirstService leads: 7 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.
FirstServiceof which business quality 53 · market factors 39
Vingroup JSCof which business quality 31 · market factors 67
ProfitabilityMargins and returns on capital today
55
21
Quality GrowthAre margins and returns improving?
50
67
CashflowEarnings quality: real cash, not paper profit
59
46
Fin. StrengthBalance sheet, leverage, solvency risk
36
7
InvestmentDisciplined investing over empire-building
49
16
Low VolatilityCalm price path (market factor)
68
22
MomentumPrice trend over the last 3–12 months (market factor)
34
81
52W MomentumDistance to the 52-week high (market factor)
16
93
Net IssuanceBuybacks instead of dilution
71
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.
FirstService
DCF Models$139
Dividend Discount$17.35
Multiples$75.56
Asset-Based$20.05
Growth DCF$118
Economic Profit$29.39
13 of 16 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.
FirstService
Bear $40.39Fair Value $63.49Bull $91.96
$144 = current price (white tick)
Vingroup JSC
Bear VND 19,298Fair Value VND 25,731Bull VND 32,164
VND 215,000 = current price (white tick)
Compare two other stocks
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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.
FirstService · Real Estate
Quality score51 · below median
Fair value upside-56% · bottom 25%
Vingroup JSC · Consumer Discretionary
Quality score30 · bottom 25%
Fair value upside-88% · bottom 25%
Bottom line
As of Aug 10, 2026, Fair Value Calculator sees FirstService as the less overvalued of the two: FirstService trades at $144 versus a fair value of $63.49 (-56%), while Vingroup JSC trades at VND 215,000 versus VND 25,731 (-88%).
FirstService has the higher quality score (51/100).
See the full analysis →
More comparisons
Popular match-ups from the same sectors, all with fair value and quality score.
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
