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Hoa Phat Group (HPG) Fair Value & Analysis

Basic Materials · VN · Market cap 199T VND

HP Hoa Phat Group HPG · VN
Price23,300 VND
Fair Value33,052 VND
Upside+41.9%
Quality94/100
Evidence: High Range 23,137 VND – 45,686 VND

Fair value as of: Jun 24, 2026

From 16 valuation models · updated 5 days ago

Share price −1.5% over the past month.

Price vs Fair Value (12 months)

26,695 VND 19,790 VND Fair Value 33,052 VND Jun 2025 Jun 2026

12‑month range 19,790 VND – 26,695 VND · fair‑value band 23,137 VND – 45,686 VND · the 23,300 VND price screens below the 33,052 VND fair value. As of Jun 24, 2026.

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Analysis

Hoa Phat Group (HPG) currently trades at 23,300 VND, while our model-based Fair Value estimate is 33,052 VND — implying the stock looks roughly 41.9% undervalued today. We read business quality at 94/100 (high quality), in the Basic Materials 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: high) — always confirm before acting.

Over the trailing twelve months, Hoa Phat Group generated revenue of 171T VND at a net margin of 12.3%. Revenue grew 40.6% year over year. It earns a return on equity of 16.5%. Net debt stands at 83.9T VND. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 171T VND
Revenue growth (YoY) +40.6%
Net margin 12.3%
Return on equity 16.5%
Free cash flow −8.4T VND FY2025
P/E ratio 9.6
More key figures
Operating margin 12.5%
EPS (TTM) 2,463 VND
Dividend yield 1.9%
EPS growth (YoY) +169%
Net debt 83.9T VND FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Hoa Phat Group Joint Stock Company produces and sells steel products in Vietnam. It engages in financial investments; integrated investment in construction; exploration and exploitation of minerals, metal ores, sand, stones, and gravel; production of cast iron, steel, structural metal products, tanks, reservoirs, containers, plated and non-plated steel pipes, inox pipes, rolled steel, roofing sheets, galvanized steel sheets, color coated steel sheets, and galvalum steel sheets; production and trading of non-ferrous metals and metal scraps; trading and import-export of steel, iron, metals, metal ores, and steel-making supplies; mechanical processing, metal treatment, and coating; production, trading, and assembly of construction and mining machinery; leasing machines, equipment, and motor vehicles; dealing in automobiles, motorcycles, transport vehicles, and parts for transport and mining sectors; production, trading, assembly, installation, repair, and maintenance of electrical, ele…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hoa Phat Group reported revenue of 156T VND in FY2025 versus 150T VND in FY2021, a compound +1.1%/yr. Reported net income was 15.5T VND in FY2025, compounding −18.2%/yr from FY2021.

Revenue +1.1%/yr
FY21 150T VND
FY22 141T VND
FY23 119T VND
FY24 139T VND
FY25 156T VND
Net income −18.2%/yr
FY21 34.5T VND
FY22 8.5T VND
FY23 6.8T VND
FY24 12.0T VND
FY25 15.5T VND

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Similar stocks

6 more Steel stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $22.20 $11.06 -50%
Nucor Corporation NUE $250.49 $79.02 -68%
ArcelorMittal S.A ARMT34 R$172.80 R$119.18 -31%
JSW Steel Limited JSWSTEEL ₹1,270 ₹1,007 -21%
Baoshan Iron & Steel Co 600019 ¥5.75 ¥8.07 +40%
POSCO Holdings 005490 363,000 KRW 143,097 KRW -61%

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Frequently asked questions

Is Hoa Phat Group (HPG) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 33,052 VND versus a price of 23,300 VND — about +42% (undervalued). Model-based estimate, not financial advice.
What is the fair value of HPG?
Our 21-model fair value for Hoa Phat Group is 33,052 VND (as of Jun 24, 2026), built from audited fundamentals. The current price is 23,300 VND.
What is the quality score of HPG?
Hoa Phat Group has a Quality Score of 94/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Hoa Phat Group (HPG)?
Hoa Phat Group reported trailing-twelve-month revenue of about 171T VND (latest available figure, as of Jun 24, 2026).
What is the net profit margin of HPG?
The net profit margin of Hoa Phat Group is about 12.3%, meaning it keeps roughly 12.3% of revenue as net income. Based on the latest reported figures.
Does Hoa Phat Group pay a dividend?
Hoa Phat Group currently shows a dividend yield of about 1.93% relative to its recent price (as of Jun 24, 2026).

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.