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An Phat Bioplastics Joint Stock Company (AAA) Fair Value & Analysis

Consumer Cyclical · VN · Market cap 2.8T VND

AP An Phat Bioplastics Joint Stock Company AAA · VN
Price7,290 VND
Fair Value18,942 VND
Upside+159.8%
Quality45/100
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Expensive Growth
Thin margins · 5.3% net margin
Low debt · negative free cash flow
Ranks above peers (8/12)
Narrow moat 40/100
Evidence: Medium Range 14,206 VND – 23,677 VND Share as image

Fair value as of: Jul 18, 2026

From 14 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 19,889 VND to 18,942 VND (−4.8%) since Jun 25, 2026. Share price +0.6% over the past month.

Below-average quality, screening 160% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (14,206 VND). The market is more pessimistic than our downside scenario.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

21,894 VND 5,464 VND Fair Value 18,942 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 5,464 VND – 21,894 VND · fair‑value band 14,206 VND – 23,677 VND · the 7,290 VND price screens below the 18,942 VND fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

An Phat Bioplastics Joint Stock Company (AAA) currently trades at 7,290 VND, while our model-based Fair Value estimate is 18,942 VND, implying the stock looks roughly 159.8% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, An Phat Bioplastics Joint Stock Company generated revenue of 9.1T VND at a net margin of 5.3%. Revenue declined 42.3% year over year. It earns a return on equity of 8.7%. Net debt stands at 1.4T VND. Fundamentals as of Jul 18, 2026

Our scenario range runs from 14,206 VND (bear case) to 23,677 VND (bull case); at 7,290 VND, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at 160%, AAA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income 11,382 VND 12,008 VND 12,980 VND 76
ROIC Compounder 14,034 VND 16,601 VND 19,484 VND 72
Gordon GGM 2,803 VND 3,082 VND 3,512 VND 70
All 14 models by family
Earnings-Based
Graham-Dodd 6,440 VND 7,871 VND 8,855 VND 54
EPV 14,034 VND 16,290 VND 18,295 VND 59
Dividend Discount
Gordon GGM 2,803 VND 3,082 VND 3,512 VND 70
DDM Multi-Stage 2,803 VND 3,577 VND 4,697 VND 61
Multiples
P/E Multiple 14,917 VND 19,889 VND 24,861 VND 63
P/S Multiple 12,075 VND 16,101 VND 20,126 VND 58
P/B Multiple 12,075 VND 16,101 VND 20,126 VND 55
EV/EBIT 19,778 VND 25,953 VND 32,128 VND 53
EV/EBITDA 27,916 VND 36,804 VND 45,692 VND 54
EV/Revenue 14,474 VND 20,141 VND 25,808 VND 43
Asset-Based
NCAV (Graham) 6,944 VND 9,305 VND 13,888 VND 50
Economic Profit
Residual Income 11,382 VND 12,008 VND 12,980 VND 76
ROIC Compounder 14,034 VND 16,601 VND 19,484 VND 72
Growth Earnings
Growth-Adj P/E 10,533 VND 15,047 VND 19,562 VND 68

Widest divergence: Multiples (19,889 VND) versus Dividend Discount (3,082 VND). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 9.1T VND
Revenue growth (YoY) -42.3%
Net margin 5.3%
Return on equity 8.7%
Free cash flow −447B VND FY2025
P/E ratio 5.6
More key figures
Operating margin 7.5%
EPS (TTM) 1,238 VND
EPS growth (YoY) +230%
Net debt 1.4T VND FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 43

Profitability 34
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 62
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

An Phat Bioplastics Joint Stock Company, together with its subsidiaries, manufactures and trades plastic packaging, plastic products, and plastic resins in Vietnam, Singapore, the United States, Korea, and internationally.

Full company description

An Phat Bioplastics Joint Stock Company, together with its subsidiaries, manufactures and trades plastic packaging, plastic products, and plastic resins in Vietnam, Singapore, the United States, Korea, and internationally. The company offers plastic packaging products; compostable, krafted paper, food, garbage, and shopping/fashion bags; PE liners; stretch and agriculture films; and draw tape and plastic bags, gloves, knives, forks, and straws under the AnEco brand name. It also provides additives and limestone powders; develops industrial park infrastructure; trades other plastic products; manufactures engineering and household plastics, and molds and mechanical machining products; leases factories; and manufactures construction materials and interior decoration. The company was formerly known as An Phat Plastic And Green Environment Joint Stock Company and changed its name to An Phat Bioplastics Joint Stock Company in April 2019. An Phat Bioplastics Joint Stock Company was founded in 2002 and is headquartered in Hai Duong, Vietnam.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

An Phat Bioplastics Joint Stock Company reported revenue of 10.7T VND in FY2025 versus 13.1T VND in FY2021, a compound −4.9%/yr. Reported net income was 373B VND in FY2025, compounding +6.5%/yr from FY2021.

Growth Quality 41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
10.7T VND
Avg. growth/yr (3Y) 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.
−0.9%
Avg. growth/yr (5Y) 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.
+6.7%
Revenue −4.9%/yr
FY21 13.1T VND
FY22 15.3T VND
FY23 12.6T VND
FY24 12.8T VND
FY25 10.7T VND
Net income +6.5%/yr
FY21 290B VND
FY22 153B VND
FY23 289B VND
FY24 369B VND
FY25 373B VND

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Cite: Fair Value Calculator (2026). "An Phat Bioplastics Joint Stock Company Fair Value". https://www.fairvalue-calculator.com/stock/AAA

Peer Group

Packaging & Containers · 272 stocks

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.

Quality Score 45 · Below median
Fair Value upside +160% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 3% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth -42% · Bottom 25%
Debt / equity 0.21× · Higher than median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 5.7× · Cheaper than 75% of peers
P/B 0.52× · Cheaper than 75% of peers
P/S (TTM) 0.31× · Cheaper than median
EV/EBITDA 2.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 9
FUTURE 0 · sector 1
PAST 35 · sector 21
HEALTH 90 · sector 92
DIVIDEND 0 · sector 42

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is An Phat Bioplastics Joint Stock Company (AAA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 18,942 VND versus a price of 7,290 VND, about +160% (undervalued).
What is the fair value of AAA?
Our model-based fair value for An Phat Bioplastics Joint Stock Company is 18,942 VND (as of Jul 18, 2026), built from audited fundamentals. The current price is 7,290 VND.
What is the quality score of AAA?
An Phat Bioplastics Joint Stock Company has a Quality Score of 45/100. 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 revenue of An Phat Bioplastics Joint Stock Company (AAA)?
An Phat Bioplastics Joint Stock Company reported trailing-twelve-month revenue of about 9.1T VND (latest available figure, as of Jul 18, 2026).
What is the net profit margin of AAA?
The net profit margin of An Phat Bioplastics Joint Stock Company is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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