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FPT Corporation (FPT) Fair Value & Analysis

Technology · VN · Market cap 114T VND

FC FPT Corporation FPT · VN
Price70,800 VND
Fair Value119,612 VND
Upside+68.9%
Quality43/100
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Mixed Growth
Solidly profitable · 14.6% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Wide moat 71/100
Evidence: Medium Range 75,815 VND – 177,603 VND Share as image

Fair value as of: Jul 18, 2026

From 16 valuation models · updated 22 days ago

Share price −1.8% over the past month.

Below-average quality, screening 69% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (75,815 VND). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (75,815 VND to 177,603 VND) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

129,877 VND 33,897 VND Fair Value 119,612 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 33,897 VND – 129,877 VND · fair‑value band 75,815 VND – 177,603 VND · the 70,800 VND price screens below the 119,612 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

FPT Corporation (FPT) currently trades at 70,800 VND, while our model-based Fair Value estimate is 119,612 VND, implying the stock looks roughly 68.9% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Technology 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, FPT Corporation generated revenue of 66.5T VND at a net margin of 14.6%. Revenue declined 22.3% year over year. It earns a return on equity of 28.5%. Net debt stands at 10.5T VND. Fundamentals as of Jul 18, 2026

Our scenario range runs from 75,815 VND (bear case) to 177,603 VND (bull case); at 70,800 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 36% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 69%, FPT 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 BearBaseBull Evidence
Highest evidence
Growth DCF 50,268 VND 101,380 VND 198,638 VND 80
Residual Income 37,475 VND 47,918 VND 234,282 VND 76
Rev-Margin DCF 62,076 VND 118,962 VND 201,102 VND 74
All 16 models by family
DCF Models
FCF DCF 51,831 VND 90,230 VND 195,990 VND 38
5Y Revenue Exit 62,076 VND 119,636 VND 211,290 VND 39
5Y EBITDA Exit 90,861 VND 183,962 VND 322,351 VND 41
10Y Revenue Exit 56,634 VND 116,169 VND 208,455 VND 36
10Y EBITDA Exit 79,442 VND 168,746 VND 328,948 VND 37
Dividend Discount
Gordon GGM 25,826 VND 56,383 VND 94,867 VND 70
DDM Multi-Stage 25,826 VND 46,187 VND 58,760 VND 61
Multiples
P/S Multiple 70,176 VND 93,568 VND 116,960 VND 58
P/B Multiple 32,128 VND 42,837 VND 53,546 VND 55
EV/EBIT 111,504 VND 146,982 VND 182,460 VND 53
EV/EBITDA 109,126 VND 143,811 VND 178,497 VND 54
EV/Revenue 63,770 VND 88,927 VND 114,084 VND 43
Asset-Based
NCAV (Graham) 10,709 VND 14,350 VND 21,418 VND 50
Growth DCF
Growth DCF 50,268 VND 101,380 VND 198,638 VND 80
Rev-Margin DCF 62,076 VND 118,962 VND 201,102 VND 74
Economic Profit
Residual Income 37,475 VND 47,918 VND 234,282 VND 76

Widest divergence: DCF Models (119,636 VND) versus Asset-Based (14,350 VND). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 66.5T VND
Revenue growth (YoY) -22.3%
Net margin 14.6%
Return on equity 28.5%
Free cash flow 5.0T VND FY2025
P/E ratio 13.7
More key figures
Operating margin 16.3%
EPS (TTM) 5,395 VND
EPS growth (YoY) +13.7%
Net debt 10.5T VND FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 33

Profitability 65
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 0
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

FPT Corporation, together with its subsidiaries, provides information technology (IT) and telecommunication products and services in Vietnam and internationally. It operates through Information Technology and Telecommunication; and Investment, Education and Others segments.

Full company description

FPT Corporation, together with its subsidiaries, provides information technology (IT) and telecommunication products and services in Vietnam and internationally. It operates through Information Technology and Telecommunication; and Investment, Education and Others segments. The company offers internet services to individuals and households, as well as to enterprises, including internet leased line, domestic and international telecommunication, domain, hosting, web portal, and IPTV services; and online services for enterprises and individual customers, such as online newspapers and advertising, online music and payment services, and advertising systems. It also provides various IT products and services, including software production, digital transformation, IT system transformation, quality assurance testing, embedded software design, and ERP implementation and management services, as well as consultancy and deployment services based on S.M.A.C./Internet of Things technology; application software and information system integration services and solutions; data center, and networking and security system design services; warranty and maintenance of IT products; and IT equipment. In addition, the company offers software export, package and solutions, and related services; digital transformation and IT consulting, system management, BPO, cloud computing, and artificial intelligence and automation services; pay television and value added services; ADSL, line leasing, and online services; education services at primary, high school, college, university, and post-graduate levels, as well as online education services; and financial investment services. The company was formerly known as The Corporation for Financing and Promoting Technology and changed its name to FPT Corporation in December 2008. FPT Corporation was founded in 1988 and is headquartered in Hanoi, Vietnam.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FPT Corporation reported revenue of 70.1T VND in FY2025 versus 35.7T VND in FY2021, a compound +18.4%/yr. Reported net income was 9.4T VND in FY2025, compounding +21.3%/yr from FY2021.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
70.1T VND
Latest YoY
+11.6%
Avg. growth/yr (3Y)
+16.8%
Avg. growth/yr (5Y)
+18.6%
Avg. growth/yr (6Y)
+16.7%
Revenue +18.4%/yr
FY21 35.7T VND
FY22 44.0T VND
FY23 52.6T VND
FY24 62.8T VND
FY25 70.1T VND
Net income +21.3%/yr
FY21 4.3T VND
FY22 5.3T VND
FY23 6.5T VND
FY24 7.9T VND
FY25 9.4T VND

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Cite: Fair Value Calculator (2026). "FPT Corporation Fair Value". https://www.fairvalue-calculator.com/stock/FPT

Peer Group

Information Technology Services · 480 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 42 · Bottom 25%
Fair Value upside +69% · Top 25%
Return on equity (TTM) 28% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth -22% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 12.4× · Cheaper than 75% of peers
P/B 3.13× · Pricier than median
P/S (TTM) 1.72× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 8.1× · Cheaper than median

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 20
FUTURE 0 · sector 29
PAST 100 · sector 36
HEALTH 97 · sector 97
DIVIDEND 0 · sector 37

Insider activity: 45/100

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is FPT Corporation (FPT) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 119,612 VND versus a price of 70,800 VND, about +69% (undervalued).
What is the fair value of FPT?
Our model-based fair value for FPT Corporation is 119,612 VND (as of Jul 18, 2026), built from audited fundamentals. The current price is 70,800 VND.
What is the quality score of FPT?
FPT Corporation has a Quality Score of 43/100. 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 FPT Corporation (FPT)?
FPT Corporation reported trailing-twelve-month revenue of about 66.5T VND (latest available figure, as of Jul 18, 2026).
What is the net profit margin of FPT?
The net profit margin of FPT Corporation is about 14.6%, meaning it keeps roughly 14.6% 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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