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STOCK COMPARISON

City Retail Developments Tbk PT vs Vingroup JSC: Fair Value & Quality

Both stocks run through our valuation models. Here is how City Retail Developments Tbk PT (NIRO) and Vingroup JSC (VIC) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees City Retail Developments Tbk PT as the less overvalued of the two: City Retail Developments Tbk PT trades at IDR 169 versus a fair value of IDR 85 (-50%), while Vingroup JSC trades at VND 230,000 versus VND 25,731 (-89%).
City Retail Developments Tbk PT
NIRO.JK · IDR · Real Estate
-50%
upside to fair value
overvalued
PriceIDR 169
Fair ValueIDR 85
Quality41/100
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

City Retail Developments Tbk PTVingroup JSC
Valuation
n/aP/E (TTM)168.0×
n/aP/S (TTM)5.02×
n/aP/B11.91×
8.3×EV/EBITDA47.9×
−49.7%Fair value upside−88.8%
n/aDividend yield0.2%
Profitability
31%Operating margin14%
2.71×EBIT margin trend (5Y)n/a
-10%Return on equity9%
2%Return on assets1%
Growth
17%Revenue growth (YoY)25%
18.6%Avg. growth/yr (3Y)48.3%
23.4%Avg. growth/yr (5Y)24.6%
n/aValue creation/yr−3.1%
Balance & size
0.4×Interest coverage (EBIT/interest)0.1×
3.75×Debt / equity1.51×
$362MMarket cap$68B
expensiveGrowth qualityexpensive
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

City Retail Developments Tbk PT leads: 4 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.

City Retail Developments Tbk PTof which business quality 34 · market factors 51 Vingroup JSCof which business quality 31 · market factors 67
ProfitabilityMargins and returns on capital today
5
21
Quality GrowthAre margins and returns improving?
68
67
CashflowEarnings quality: real cash, not paper profit
5
46
Fin. StrengthBalance sheet, leverage, solvency risk
6
7
InvestmentDisciplined investing over empire-building
94
16
Low VolatilityCalm price path (market factor)
50
21
MomentumPrice trend over the last 3–12 months (market factor)
54
83
52W MomentumDistance to the 52-week high (market factor)
47
93
Net IssuanceShare count: buybacks or dilution?
82
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 familyCity Retail Developments Tbk PTPrice IDR 169Vingroup JSCPrice VND 230,000
Earnings-Basedn/a-82%below the priceVND 41,154
Dividend Discountn/a-97%below the priceVND 6,047
Multiples-18%below the priceIDR 139-87%below the priceVND 29,515
Asset-Based-70%below the priceIDR 51-94%below the priceVND 13,280
Economic Profitn/a-92%below the priceVND 17,368
Growth Earningsn/a-77%below the priceVND 52,663
Minimum-70%below the priceIDR 51-97%below the priceVND 6,047
Maximum-18%below the priceIDR 139-77%below the priceVND 52,663
Median-44%below the priceIDR 95-90%below the priceVND 23,442
Geometric mean-50%below the priceIDR 85-91%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%.

City Retail Developments Tbk PT: 2 of 2 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.

City Retail Developments Tbk PT
Price IDR 169
Fair Value IDR 85
Bear IDR 38Bull IDR 184
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.

City Retail Developments Tbk PT · Real Estate

Quality score41 · bottom 25%
Fair value upside-50% · 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 City Retail Developments Tbk PT as the less overvalued of the two: City Retail Developments Tbk PT trades at IDR 169 versus a fair value of IDR 85 (-50%), while Vingroup JSC trades at VND 230,000 versus VND 25,731 (-89%).

City Retail Developments Tbk PT has the higher quality score (41/100).

Open City Retail Developments Tbk PT 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.