BAF Viet Nam Agriculture JSC (BAF) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of BAF Viet Nam Agriculture JSC stock VND 6,776, price VND 31,000, that is 78.1% below the price, quality 10 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
59‑month range 7,673 VND – 32,700 VND · fair‑value band 5,402 VND – 7,377 VND · the 31,000 VND price screens above the 6,776 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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BAF Vietnam Agriculture Joint Stock Company engages in the mixed farming activities and producing animal deed, process and preserve meat in Vietnam and Myanmar.
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It offers various pork meat, such as leg steak, tail, belly and baby ribs, shoulder cartilage, rib tips, tenderloin, neckbone, femur bone, blade bone, shoulder, rib, picnic shoulder, minced, loin steak, ribs, fresh lean, fresh trotters, fillet, fresh belly, fresh boneless hock, and fresh thigh meat products under the BAF brand name.
The company was founded in 2017 and is headquartered in Ho Chi Minh City, Vietnam.
Stock analysis
BAF Viet Nam Agriculture JSC (BAF) currently trades at 31,000 VND, while our model-based Fair Value estimate is 6,776 VND, 78% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 6,249 VND per share, and 1 of the 14 models we run sit above the 31,000 VND price.
Bear case: the Earnings-Based group reads lowest at 1,411 VND, and 13 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 5,402 VND (bear) to 7,377 VND (bull), the price of 31,000 VND sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 10/100 (below-average quality), in the Consumer Defensive sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
BAF Viet Nam Agriculture JSC reported revenue of 5.0T VND in FY2025 versus 10.4T VND in FY2021, a compound −16.6%/yr. Reported net income was 127B VND in FY2025, compounding −20.8%/yr from FY2021.
Key figures
Market cap 11.9T VND (≈ $463M) Small · P/S ratio 1.79 · EPS (TTM) 2.31 VND · Dividend yield 0.0% · Net margin 1.5% · Return on equity 2.2% · Return on assets (EBIT) 5.6% (5-year average) · Operating margin 12.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (medium confidence).
What moves the price
The share trades about 5% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at −78%, BAF screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (70.93 VND to 46,195 VND). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear5,402 VNDFair Value 6,776 VNDBull7,377 VND
Price 31,000 VND · Downside -78.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.98 VND per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income6,075 VND6,240 VND6,527 VND76
Gordon GGM67.06 VND70.93 VND76.57 VND69
ROIC Compoundern/a88.31 VND>353.24 VND68
All 14 models by family
Earnings-Based
Graham-Dodd2,236 VND2,733 VND3,075 VND67
EPVn/a88.31 VND>353.24 VND65
Dividend Discount
Gordon GGM67.06 VND70.93 VND76.57 VND69
DDM Multi-Stage67.06 VND75.12 VND84.95 VND67
Multiples
P/E Multiple5,180 VND6,907 VND8,633 VND63
P/S Multiple4,193 VND5,591 VND6,989 VND58
P/B Multiple34,646 VND46,195 VND57,744 VND55
EV/EBIT1,384 VND5,313 VND9,241 VND59
EV/EBITDA4,974 VND10,100 VND15,225 VND64
EV/Revenuen/a1,615 VND5,220 VND50
Asset-Based
NCAV (Graham)4,200 VND5,627 VND8,399 VND54
Economic Profit
Residual Income6,075 VND6,240 VND6,527 VND76
ROIC Compoundern/a88.31 VND>353.24 VND68
Growth Earnings
Growth-Adj P/E3,658 VND5,225 VND6,793 VND67
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.8/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−10.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−10.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−17.1%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in VND ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in VND: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+6.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 7%
Compare BAF Viet Nam Agriculture JSC with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Farm Products · 291 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score10 · Bottom 25%
Fair Value upside−78.1% · Bottom 25%
Profitability
Return on equity (12 months)2.2% · Below median
Return on assets1.2% · Below median
Net margin (12 months)1.5% · Below median
Operating margin (12 months)12.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)54.1% · Top 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.55× · Highest 25%
Valuation Multiplesvs Farm Products median · lower = cheaper
P/B2.93× · Priciest 25%
P/S (12 months)1.84× · Pricier than median
EV/EBITDA14.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)100· sector 15
PAST (return on equity)9· sector 17
HEALTH (low debt)73· sector 94
DIVIDEND (yield)1· sector 41
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "BAF Viet Nam Agriculture JSC Fair Value". https://www.fairvalue-calculator.com/stock/BAF
Frequently asked questions
Is BAF Viet Nam Agriculture JSC (BAF) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 6,776 VND versus a price of 31,000 VND, about 78% lower (overvalued).
What is the fair value of BAF?
Our model-based fair value for BAF Viet Nam Agriculture JSC is 6,776 VND (as of Nov 8, 2026), built from audited fundamentals. The current price: 31,000 VND.
What is the quality score of BAF?
BAF Viet Nam Agriculture JSC has a Quality Score of 10/100. 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 price target for BAF Viet Nam Agriculture JSC (BAF)?
Our model-based price target is the fair value of 6,776 VND (as of Nov 8, 2026) from 14 valuation models. Cautious scenario 5,402 VND, optimistic scenario 7,377 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the BAF Viet Nam Agriculture JSC stock forecast for 2026?
Our models put fair value at 6,776 VND, about 78% lower versus a price of 31,000 VND (overvalued). Cautious scenario 5,402 VND, optimistic scenario 7,377 VND. The calculation is refreshed regularly with new filings.
What is the revenue of BAF Viet Nam Agriculture JSC (BAF)?
BAF Viet Nam Agriculture JSC reported trailing-twelve-month revenue of about 6.4T VND (latest available figure, as of Nov 8, 2026).
Does BAF Viet Nam Agriculture JSC pay a dividend?
BAF Viet Nam Agriculture JSC currently shows a dividend yield of 0.04% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of BAF Viet Nam Agriculture JSC (BAF)?
BAF Viet Nam Agriculture JSC has a dividend yield of 0.0%.
What is the intrinsic value of BAF Viet Nam Agriculture JSC (BAF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BAF Viet Nam Agriculture JSC it is 6,776 VND per share (as of Nov 8, 2026), against a price of 31,000 VND. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is BAF Viet Nam Agriculture JSC stock overvalued or undervalued in 2026?
As of Nov 8, 2026, BAF trades above its calculated fair value: price 31,000 VND, fair value 6,776 VND, a gap of about −78% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BAF?
No. The price is what the market pays today (31,000 VND); the fair value is what the company's own numbers justify (6,776 VND). For BAF Viet Nam Agriculture JSC the two are 24,224 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is BAF Viet Nam Agriculture JSC worth?
The market values BAF Viet Nam Agriculture JSC at about 11.9T VND (market capitalisation, as of Nov 8, 2026). Per share that is 31,000 VND; our models calculate a fair value of 6,776 VND per share.
What do the bullish and bearish scenarios say about BAF?
Our models span a range for BAF Viet Nam Agriculture JSC: cautious scenario 5,402 VND, base 6,776 VND, optimistic 7,377 VND per share (as of Nov 8, 2026, price 31,000 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of BAF Viet Nam Agriculture JSC (BAF)?
Balance-sheet figures for BAF Viet Nam Agriculture JSC (as of Nov 8, 2026): return on equity 2.2%, debt of 0.55 per unit of equity. They feed the Quality Score of 10/100, which measures business quality independently of the share price.
How far is BAF from its 52-week high?
BAF Viet Nam Agriculture JSC trades at 31,000 VND, about 5% below its 52-week high of 32,700 VND and 18% above the low of 26,208 VND (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 6,776 VND is for.
Which stocks are comparable to BAF Viet Nam Agriculture JSC?
From the same area (Consumer Defensive) we also value Muyuan Foods Group, Archer-Daniels-Midland Company, Tyson Foods, Inc, Bunge Global SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BAF Viet Nam Agriculture JSC stock attractive at the current price?
The data as of Nov 8, 2026: price 31,000 VND, calculated fair value 6,776 VND (−78%), Quality Score 10/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BAF calculated?
We run BAF Viet Nam Agriculture JSC through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 6,776 VND builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. BAF Viet Nam Agriculture JSC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BAF Viet Nam Agriculture JSC (BAF)?
The closing price on Nov 9, 2026 was 31,000 VND. Our model-based fair value is 6,776 VND, about 78% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BAF Viet Nam Agriculture JSC right now?
The price sits above even our optimistic bull case (7,377 VND). The favourable scenario is already priced in. Weak quality (10/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of BAF Viet Nam Agriculture JSC
How large is the market capitalisation of BAF Viet Nam Agriculture JSC (BAF)?
The market capitalisation of BAF Viet Nam Agriculture JSC is 11.9T VND (≈ $463M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BAF Viet Nam Agriculture JSC (BAF)?
The price-to-sales ratio of BAF Viet Nam Agriculture JSC is 1.79 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BAF Viet Nam Agriculture JSC (BAF)?
Earnings per share at BAF Viet Nam Agriculture JSC are 2.31 VND. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BAF Viet Nam Agriculture JSC (BAF)?
The dividend yield of BAF Viet Nam Agriculture JSC is 0.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BAF Viet Nam Agriculture JSC (BAF)?
The net margin of BAF Viet Nam Agriculture JSC is 1.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BAF Viet Nam Agriculture JSC (BAF)?
The return on equity (ROE) of BAF Viet Nam Agriculture JSC is 2.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BAF Viet Nam Agriculture JSC (BAF)?
On an EBIT basis the return on assets of BAF Viet Nam Agriculture JSC is 5.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BAF Viet Nam Agriculture JSC (BAF)?
The operating margin of BAF Viet Nam Agriculture JSC is 12.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BAF Viet Nam Agriculture JSC (BAF)?
Revenue at BAF Viet Nam Agriculture JSC is growing +54.1% versus a year earlier (3y avg −10.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BAF Viet Nam Agriculture JSC (BAF)?
Earnings per share at BAF Viet Nam Agriculture JSC are growing −60.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BAF Viet Nam Agriculture JSC (BAF) generate?
The free cash flow of BAF Viet Nam Agriculture JSC is −2.7T VND (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does BAF Viet Nam Agriculture JSC (BAF) carry?
The net debt of BAF Viet Nam Agriculture JSC is 4.0T VND (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 8, 2026