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Sao Mai Group (ASM) Fair Value & Analysis

Real Estate · VN · Market cap 2.4T VND

SM Sao Mai Group ASM · VN
Price5,890 VND
Fair Value1,574 VND
Upside-73.3%
Quality80/100
Evidence: Medium Range 1,181 VND – 1,968 VND

Fair value as of: Jun 26, 2026

From 12 valuation models · updated 3 days ago

Share price +2.6% over the past month.

Price vs Fair Value (12 months)

8,326 VND 5,203 VND Fair Value 1,574 VND Jun 2025 Jun 2026

12‑month range 5,203 VND – 8,326 VND · fair‑value band 1,181 VND – 1,968 VND · the 5,890 VND price screens above the 1,574 VND fair value. As of Jun 26, 2026.

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Analysis

Sao Mai Group (ASM) currently trades at 5,890 VND, while our model-based Fair Value estimate is 1,574 VND — implying the stock looks roughly 73.3% overvalued today. We read business quality at 80/100 (high quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Sao Mai Group generated revenue of 11.1T VND at a net margin of 1.0%. Revenue declined 9.0% year over year. It earns a return on equity of 2.7%. Net debt stands at 12.8T VND. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 11.1T VND
Revenue growth (YoY) -9.0%
Net margin 1.0%
Return on equity 2.7%
Free cash flow −757B VND FY2025
P/E ratio 21.9
More key figures
Operating margin 9.9%
EPS (TTM) 265.06 VND
EPS growth (YoY) +433%
Net debt 12.8T VND FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Sao Mai Group Corporation engages in the real estate, energy, human resources, aquaculture, construction, trade, and services businesses in Vietnam. The company involved in monetary intermediary activities; airline ticket agency; electricity transmission and distribution; hospitals and medical stations activities; wholesale of other household appliances; sauna, massage, spa, and similar health enhancing services; buying and selling souvenirs for tourists; production of paints, varnishes and similar paints and coatings; production of printing ink and mastics; manufacture of refractory products; and production of animal and vegetable oils and fats. It offers construction of residential and non-residential houses; milling and producing raw flour; production of starch and products from starch; vocational training; and construction of mining projects services. In addition, the company engages in the wholesale of agricultural and forestry raw materials and live animals; consulting, broker…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sao Mai Group reported revenue of 11.3T VND in FY2025 versus 11.4T VND in FY2021, a compound −0.2%/yr. Reported net income was 37.7B VND in FY2025, compounding −49.9%/yr from FY2021.

Revenue −0.2%/yr
FY21 11.4T VND
FY22 13.7T VND
FY23 12.0T VND
FY24 12.0T VND
FY25 11.3T VND
Net income −49.9%/yr
FY21 600B VND
FY22 628B VND
FY23 195B VND
FY24 181B VND
FY25 37.7B VND

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Frequently asked questions

Is Sao Mai Group (ASM) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 1,574 VND versus a price of 5,890 VND — about −73% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ASM?
Our 21-model fair value for Sao Mai Group is 1,574 VND (as of Jun 26, 2026), built from audited fundamentals. The current price is 5,890 VND.
What is the quality score of ASM?
Sao Mai Group has a Quality Score of 80/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Sao Mai Group (ASM)?
Sao Mai Group reported trailing-twelve-month revenue of about 11.1T VND (latest available figure, as of Jun 26, 2026).
What is the net profit margin of ASM?
The net profit margin of Sao Mai Group is about 1.0%, meaning it keeps roughly 1.0% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.