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Imexpharm Corporation (IMP) Fair Value & Analysis

Healthcare · VN · Market cap 6.0T VND

IC Imexpharm Corporation IMP · VN
Price36,850 VND
Fair Value41,910 VND
Upside+13.7%
Quality58/100
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Expensive Growth
Solidly profitable · 14.9% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Moderate moat 60/100
Evidence: High Range 20,809 VND – 56,675 VND Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Share price −9.2% over the past month.

A solid business, screening 14% undervalued on our models.

What matters now

  • The model range is unusually wide (20,809 VND to 56,675 VND). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Our model range runs from 20,809 VND (bear) to 56,675 VND (bull), base 41,910 VND. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 58/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

55,874 VND 18,349 VND Fair Value 41,910 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 18,349 VND – 55,874 VND · fair‑value band 20,809 VND – 56,675 VND · the 36,850 VND price screens below the 41,910 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Imexpharm Corporation (IMP) currently trades at 36,850 VND, while our model-based Fair Value estimate is 41,910 VND, implying the stock looks roughly 13.7% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Healthcare 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, Imexpharm Corporation generated revenue of 2.4T VND at a net margin of 14.9%. Revenue declined 8.1% year over year. It earns a return on equity of 15.4%. Net debt stands at 23.6B VND. Fundamentals as of Jul 19, 2026

Our scenario range runs from 20,809 VND (bear case) to 56,675 VND (bull case); at 36,850 VND, the current price sits within 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 35% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at 14%, IMP 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 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. Evidence
Highest evidence
Growth DCF 2,995 VND 4,964 VND 8,532 VND 80
Residual Income 15,702 VND 20,952 VND 66,940 VND 76
Rev-Margin DCF 20,154 VND 39,419 VND 64,341 VND 74
All 26 models by family
DCF Models
FCF DCF 3,008 VND 5,124 VND 9,001 VND 38
Owner Earnings 38,575 VND 71,684 VND 132,330 VND 31
5Y Revenue Exit 20,154 VND 40,458 VND 69,001 VND 39
5Y EBITDA Exit 24,419 VND 49,288 VND 81,314 VND 41
5Y P/E Exit 23,196 VND 46,757 VND 74,298 VND 38
10Y Revenue Exit 13,657 VND 31,472 VND 60,520 VND 36
10Y EBITDA Exit 17,539 VND 38,108 VND 71,112 VND 37
10Y P/E Exit 16,708 VND 36,206 VND 65,077 VND 35
Earnings-Based
Graham-Dodd 15,416 VND 72,528 VND 99,713 VND 54
Lynch FV 19,217 VND 27,453 VND 35,689 VND 50
PEG = 1.0 19,217 VND 27,453 VND 35,689 VND 46
EPV 27,374 VND 32,103 VND 36,306 VND 59
Dividend Discount
Gordon GGM 4,810 VND 10,500 VND 17,667 VND 70
DDM Multi-Stage 4,810 VND 8,601 VND 10,943 VND 61
Multiples
P/E Multiple 34,005 VND 45,340 VND 56,675 VND 63
P/S Multiple 28,904 VND 38,539 VND 48,174 VND 58
P/B Multiple 28,904 VND 38,539 VND 48,174 VND 55
EV/EBIT 41,115 VND 54,627 VND 68,139 VND 53
EV/EBITDA 36,484 VND 48,453 VND 60,421 VND 54
EV/Revenue 27,903 VND 39,614 VND 51,324 VND 43
Asset-Based
NCAV (Graham) 7,488 VND 10,034 VND 14,977 VND 50
Growth DCF
Growth DCF 2,995 VND 4,964 VND 8,532 VND 80
Rev-Margin DCF 20,154 VND 39,419 VND 64,341 VND 74
Economic Profit
Residual Income 15,702 VND 20,952 VND 66,940 VND 76
ROIC Compounder 31,408 VND 43,298 VND 59,438 VND 72
Growth Earnings
Growth-Adj P/E 29,606 VND 42,295 VND 54,983 VND 68

Widest divergence: Growth Earnings (42,295 VND) versus Growth DCF (4,964 VND). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.4T VND
Revenue growth (YoY) -8.1%
Net margin 14.9%
Return on equity 15.4%
Free cash flow 27.3B VND FY2025
P/E ratio 19.4
More key figures
Operating margin 19.0%
EPS (TTM) 2,018 VND
EPS growth (YoY) +10.2%
Net debt 23.6B VND FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 55 · Market factors (momentum, volatility) 32

Profitability 65
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 40
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

Imexpharm Corporation operates as a pharmaceutical company in Vietnam. The company's products include injectable antibiotics, oral antibiotics, cardiovascular, ophthalmology, musculoskeletal system, analgesic - anti-inflammatory - antipyretics, respiratory system, antihistamines and anti-allergy, central nervous system, digestive system, diabetes, …

Full company description

Imexpharm Corporation operates as a pharmaceutical company in Vietnam. The company's products include injectable antibiotics, oral antibiotics, cardiovascular, ophthalmology, musculoskeletal system, analgesic - anti-inflammatory - antipyretics, respiratory system, antihistamines and anti-allergy, central nervous system, digestive system, diabetes, anti-parasitic, external drugs, vitamins and minerals, and supplements. It is also involved in the import and export. Imexpharm Corporation was founded in 1997 and is headquartered in Cao Lanh, Vietnam. As of April 29, 2026, Imexpharm Corporation operates as a subsidiary of Livzon Pharmaceutical Group Inc..

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Imexpharm Corporation reported revenue of 2.4T VND in FY2025 versus 1.3T VND in FY2021, a compound +17.8%/yr. Reported net income was 349B VND in FY2025, compounding +16.6%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.4T VND
Latest YoY
+10.7%
Avg. growth/yr (3Y) 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.
+14.1%
Avg. growth/yr (5Y) 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.
+12.3%
Avg. growth/yr (6Y) 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.
+9.7%
Revenue +17.8%/yr
FY21 1.3T VND
FY22 1.6T VND
FY23 2.0T VND
FY24 2.2T VND
FY25 2.4T VND
Net income +16.6%/yr
FY21 189B VND
FY22 224B VND
FY23 300B VND
FY24 321B VND
FY25 349B VND

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

Peer Group

Drug Manufacturers - Specialty & Generic · 624 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 58 · Above median
Fair Value upside +14% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/E (TTM) 19.4× · Cheaper than median
P/B 2.61× · Pricier than median
P/S (TTM) 2.52× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 10.4× · 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 52 · sector 7
FUTURE 0 · sector 20
PAST 62 · sector 24
HEALTH 98 · sector 97
DIVIDEND 0 · sector 34

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is Imexpharm Corporation (IMP) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 41,910 VND versus a price of 36,850 VND, about +14% (undervalued).
What is the fair value of IMP?
Our model-based fair value for Imexpharm Corporation is 41,910 VND (as of Jul 19, 2026), built from audited fundamentals. The current price is 36,850 VND.
What is the quality score of IMP?
Imexpharm Corporation has a Quality Score of 58/100. 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 Imexpharm Corporation (IMP)?
Imexpharm Corporation reported trailing-twelve-month revenue of about 2.4T VND (latest available figure, as of Jul 19, 2026).
What is the net profit margin of IMP?
The net profit margin of Imexpharm Corporation is about 14.9%, meaning it keeps roughly 14.9% 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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