FPT Corporation (FPTVN11) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of FPT Corporation THB 2.04, price THB 1.65, upside +23.6%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
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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.
Stock analysis
FPT Corporation (FPTVN11) currently trades at 1.65 THB, while our model-based Fair Value estimate is 2.04 THB, implying the stock looks roughly 19.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2.76 THB per share, and 11 of the 16 models we run sit above the 1.65 THB price.
Bear case: the Asset-Based group reads lowest at 0.3700 THB, and 5 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.21 THB (bear) to 3.40 THB (bull), the price of 1.65 THB sits inside 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 53/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
FPT Corporation reported revenue of 70.1T VND in FY2025 versus 44.0T VND in FY2022, a compound +16.8%/yr. Reported net income was 9.4T VND in FY2025, compounding +20.9%/yr from FY2022.
Key figures
Market cap 146B THB (≈ $4.3B) · P/E ratio 11.8 · P/S ratio 1.58 · EPS (TTM) 0.1400 THB · Net margin 13.4% · Return on equity 27.1% · Return on assets (EBIT) 13.6% · Revenue growth (YoY) −17.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).
What moves the price
The share trades about 35% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at 24%, FPTVN11 screens richer than that median.
Fair Value models
Bear 1.21 THBFair Value 2.04 THBBull 3.40 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1059 THB 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.Evidence ⓘEvidence = 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.
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.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11.6%
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.
+16.8%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
+12.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.3%
Dividend (yield on the price)0.0%
Profit margin 2022 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.15% → 16%
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.Information Technology Services · 467 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+72.1% · Top 25%
Profitability
Return on equity (TTM)27.1% · Top 25%
Return on assets8.0% · Top 25%
Net margin (TTM)15.7% · Top 25%
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth−17.1% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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). "FPT Corporation Fair Value". https://www.fairvalue-calculator.com/stock/FPTVN11
Frequently asked questions
Is FPT Corporation (FPTVN11) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2.04 THB versus a price of 1.65 THB, about +24% upside (undervalued).
What is the fair value of FPTVN11?
Our model-based fair value for FPT Corporation is 2.04 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 1.65 THB.
What is the quality score of FPTVN11?
FPT Corporation has a Quality Score of 53/100. 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 FPT Corporation (FPTVN11)?
Our model-based price target is the fair value of 2.04 THB (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 1.21 THB, optimistic scenario 3.40 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the FPT Corporation stock forecast for 2026?
Our models put fair value at 2.04 THB, about +24% upside versus a price of 1.65 THB (undervalued). Cautious scenario 1.21 THB, optimistic scenario 3.40 THB. The calculation is refreshed regularly with new filings.
What is the intrinsic value of FPT Corporation (FPTVN11)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FPT Corporation it is 2.04 THB per share (as of Sep 24, 2026), against a price of 1.65 THB. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is FPT Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FPTVN11 trades below its calculated fair value: price 1.65 THB, fair value 2.04 THB, a gap of about +24% (undervalued). 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 FPTVN11?
No. The price is what the market pays today (1.65 THB); the fair value is what the company's own numbers justify (2.04 THB). For FPT Corporation the two are 0.3900 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is FPT Corporation worth?
The market values FPT Corporation at about 146B THB (market capitalisation, as of Sep 24, 2026). Per share that is 1.65 THB; our models calculate a fair value of 2.04 THB per share.
What do the bullish and bearish scenarios say about FPTVN11?
Our models span a range for FPT Corporation: cautious scenario 1.21 THB, base 2.04 THB, optimistic 3.40 THB per share (as of Sep 24, 2026, price 1.65 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FPTVN11?
FPT Corporation trades at a price-to-earnings ratio of 11.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.04 THB is built from several models across several years.
How solid is the balance sheet of FPT Corporation (FPTVN11)?
Balance-sheet figures for FPT Corporation (as of Sep 24, 2026): return on equity 27.1%, debt of 0.05 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is FPTVN11 from its 52-week high?
FPT Corporation trades at 1.65 THB, about 35% below its 52-week high of 2.55 THB and 2% above the low of 1.62 THB (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of 2.04 THB is for.
Which stocks are comparable to FPT Corporation?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 FPT Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 1.65 THB, calculated fair value 2.04 THB (+24%), Quality Score 53/100, from 16 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 FPTVN11 calculated?
We run FPT Corporation through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 2.04 THB, 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 14.5 % above its aggregate fair value. FPT Corporation currently trades 19 % below its own fair value, and the market average says nothing about that. 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 FPT Corporation (FPTVN11)?
The closing price on Sep 29, 2026 was 1.65 THB. Our model-based fair value is 2.04 THB, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FPT Corporation right now?
The model range is unusually wide (1.21 THB to 3.40 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of FPT Corporation
How large is the market capitalisation of FPT Corporation (FPTVN11)?
The market capitalisation of FPT Corporation is 146B THB (≈ $4.3B). 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 FPT Corporation (FPTVN11)?
The price-to-sales ratio of FPT Corporation is 1.58 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of FPT Corporation (FPTVN11)?
Earnings per share at FPT Corporation are 0.1400 THB (price ÷ EPS = P/E 11.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of FPT Corporation (FPTVN11)?
The net margin of FPT Corporation is 13.4% (fiscal year 2025). 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 FPT Corporation (FPTVN11)?
The return on equity (ROE) of FPT Corporation is 27.1% (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 FPT Corporation (FPTVN11)?
On an EBIT basis the return on assets of FPT Corporation is 13.6% (avg 4y). 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.
How fast is revenue growing at FPT Corporation (FPTVN11)?
Revenue at FPT Corporation is growing −17.1% versus a year earlier (3y avg +16.8%). 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 FPT Corporation (FPTVN11)?
Earnings per share at FPT Corporation are growing +13.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does FPT Corporation (FPTVN11) generate?
The free cash flow of FPT Corporation is 5.0T 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 FPT Corporation (FPTVN11) carry?
The net debt of FPT Corporation is 10.5T VND (fiscal year 2025, ≈ 2.1 yrs of FCF). 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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