Imexpharm Corp (IMP) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Imexpharm Corp VND 24,233, price VND 36,900, upside -34.3%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 18,349 VND – 55,874 VND · fair‑value band 12,538 VND – 44,215 VND · the 36,900 VND price screens above the 24,233 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Imexpharm Corporation operates as a pharmaceutical company in Vietnam.
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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..
Stock analysis
Imexpharm Corp (IMP) currently trades at 36,900 VND, while our model-based Fair Value estimate is 24,233 VND, implying the stock looks roughly 52.3% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 44,548 VND per share, and 11 of the 26 models we run sit above the 36,900 VND price.
Bear case: the Growth DCF group reads lowest at 4,397 VND, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 12,538 VND (bear) to 44,215 VND (bull), the price of 36,900 VND 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 58/100 (solid quality), in the Healthcare sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Imexpharm Corp 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.
Key figures
Market cap 5.7T VND · P/E ratio 18.3 · P/S ratio 2.62 · EPS (TTM) 2,018 VND · Dividend yield 1.3% · Net margin 14.3% · Return on equity 15.4% · Return on assets (EBIT) 14.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −8% fair-value upside, at −34%, IMP screens richer than that median.
Fair Value models
Bear 12,538 VNDFair Value 24,233 VNDBull 44,215 VND
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 (1,481 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.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+14.1%
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.
+12.3%
Start year 2020 (pandemic)
Revenue growth 6 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.
+9.7%
’19
’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. 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.
−3.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.4%
Dividend (yield on the price)1.3%
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.19% → 19%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+74.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Vietnam: IMF forecast 4.1% a year to 2030, 3.1% from 2016 to 2025) that is about +67.7% a year for the price.
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.Drug Manufacturers - Specialty & Generic · 628 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−34% · Below median
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)15% · Top 25%
Operating margin (TTM)19% · Top 25%
Growth and dividend
Revenue growth−8% · Bottom 25%
Dividend yield (TTM)1.3% · Below median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Drug Manufacturers - Specialty & Generic median · lower = cheaper
P/E (TTM)18.3× · Cheaper than median
P/B2.46× · Pricier than median
P/S (TTM)2.38× · Pricier than median
P/FCF0.0× · Cheapest 25%
EV/EBITDA9.8× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 14
FUTURE (revenue growth)0· sector 20
PAST (return on equity)62· sector 27
HEALTH (low debt)98· sector 96
DIVIDEND (yield)26· sector 32
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). "Imexpharm Corp Fair Value". https://www.fairvalue-calculator.com/stock/IMP
Frequently asked questions
Is Imexpharm Corp (IMP) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 24,233 VND versus a price of 36,900 VND, about −34% upside (overvalued).
What is the fair value of IMP?
Our model-based fair value for Imexpharm Corp is 24,233 VND (as of Sep 24, 2026), built from audited fundamentals. The current price: 36,900 VND.
What is the quality score of IMP?
Imexpharm Corp 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 price target for Imexpharm Corp (IMP)?
Our model-based price target is the fair value of 24,233 VND (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 12,538 VND, optimistic scenario 44,215 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Imexpharm Corp stock forecast for 2026?
Our models put fair value at 24,233 VND, about −34% upside versus a price of 36,900 VND (overvalued). Cautious scenario 12,538 VND, optimistic scenario 44,215 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Imexpharm Corp (IMP)?
Imexpharm Corp reported trailing-twelve-month revenue of about 2.4T VND (latest available figure, as of Sep 24, 2026).
Does Imexpharm Corp pay a dividend?
Imexpharm Corp currently shows a dividend yield of about 1.28% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Imexpharm Corp (IMP)?
For today's price to be fair in a discounted-cash-flow model, Imexpharm Corp would have to grow free cash flow by +74.5 % per year for five years (discount rate 14.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of IMP use?
Our models discount Imexpharm Corp at 14.9 %: a base by market capitalisation (micro), damped by beta 0.41, country premium for Vietnam. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Imexpharm Corp that is +74.5 % per year a year over ten years, using the same discount rate (14.9 %) and the same formula as our fair value.
How much growth has Imexpharm Corp (IMP) delivered so far?
Over the past 5 years revenue at Imexpharm Corp grew +12.3 % a year. The price currently implies +74.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Imexpharm Corp (IMP) growing?
The median revenue growth in the sector is +0.0 % a year. That is the yardstick for the growth priced into Imexpharm Corp (+74.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Imexpharm Corp (IMP)?
The free-cash-flow yield on the price is 0.48 %: that much free cash flow Imexpharm Corp produces per unit of market value. When it exceeds the discount rate of our models (14.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Imexpharm Corp (IMP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Imexpharm Corp it is 24,233 VND per share (as of Sep 24, 2026), against a price of 36,900 VND. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Imexpharm Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, IMP trades above its calculated fair value: price 36,900 VND, fair value 24,233 VND, a gap of about −34% (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 IMP?
No. The price is what the market pays today (36,900 VND); the fair value is what the company's own numbers justify (24,233 VND). For Imexpharm Corp the two are 12,667 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Imexpharm Corp worth?
The market values Imexpharm Corp at about 5.7T VND (market capitalisation, as of Sep 24, 2026). Per share that is 36,900 VND; our models calculate a fair value of 24,233 VND per share.
What do the bullish and bearish scenarios say about IMP?
Our models span a range for Imexpharm Corp: cautious scenario 12,538 VND, base 24,233 VND, optimistic 44,215 VND per share (as of Sep 24, 2026, price 36,900 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IMP?
Imexpharm Corp trades at a price-to-earnings ratio of 18.3 (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 24,233 VND is built from several models across several years. Other multiples: P/B 2.5, P/S 2.4, EV/EBITDA 9.8.
How solid is the balance sheet of Imexpharm Corp (IMP)?
Balance-sheet figures for Imexpharm Corp (as of Sep 24, 2026): return on equity 15.4%, debt of 0.04 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is IMP from its 52-week high?
Imexpharm Corp trades at 36,900 VND, about 34% below its 52-week high of 55,874 VND and 5% above the low of 35,000 VND (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 24,233 VND is for.
Which stocks are comparable to Imexpharm Corp?
From the same area (Healthcare) we also value Merck KGaA, Takeda Pharmaceutical Company, Jiangsu Hengrui Pharmaceuticals Co, Sun Pharmaceutical Industries 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 Imexpharm Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 36,900 VND, calculated fair value 24,233 VND (−34%), Quality Score 58/100, from 26 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 IMP calculated?
We run Imexpharm Corp through 26 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 24,233 VND, 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 13.0 % above its aggregate fair value. Imexpharm Corp 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 Imexpharm Corp (IMP)?
The closing price on Sep 24, 2026 was 36,900 VND. Our model-based fair value is 24,233 VND, about −34% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Imexpharm Corp right now?
The model range is unusually wide (12,538 VND to 44,215 VND). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Imexpharm Corp
How large is the market capitalisation of Imexpharm Corp (IMP)?
The market capitalisation of Imexpharm Corp is 5.7T VND. 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 Imexpharm Corp (IMP)?
The price-to-sales ratio of Imexpharm Corp is 2.62 (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 Imexpharm Corp (IMP)?
Earnings per share at Imexpharm Corp are 2,018 VND (price ÷ EPS = P/E 18.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Imexpharm Corp (IMP)?
The dividend yield of Imexpharm Corp is 1.3% (payout 23.4%). 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 Imexpharm Corp (IMP)?
The net margin of Imexpharm Corp is 14.3% (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 Imexpharm Corp (IMP)?
The return on equity (ROE) of Imexpharm Corp is 15.4% (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 Imexpharm Corp (IMP)?
On an EBIT basis the return on assets of Imexpharm Corp is 14.5% (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 Imexpharm Corp (IMP)?
The operating margin of Imexpharm Corp is 19.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Imexpharm Corp (IMP)?
Revenue at Imexpharm Corp is growing −8.1% versus a year earlier (3y avg +14.1%). 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 Imexpharm Corp (IMP)?
Earnings per share at Imexpharm Corp are growing +10.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Imexpharm Corp (IMP) carry?
The net debt of Imexpharm Corp is 23.6B VND (fiscal year 2025, ≈ 0.9 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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