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Vietnam Medical and Pharmaceutical Investment Joint Stock Company (JVC) Fair Value & Analysis

Healthcare · VN · Market cap 371B VND

VM Vietnam Medical and Pharmaceutical Investment Joint Stock Company JVC · VN
Price3,060 VND
Fair Value6,454 VND
Upside+110.9%
Quality50/100
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Weak Growth
Thin margins · 5.0% net margin
generates free cash flow
Ranks above peers (6/8)
Narrow moat 39/100
Evidence: Medium Range 5,135 VND – 7,773 VND Share as image

Fair value as of: Jul 11, 2026

From 13 valuation models · updated 30 days ago

Share price −7.3% over the past month.

A solid business, screening 111% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (5,135 VND). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

13,450 VND 2,310 VND Fair Value 6,454 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 2,310 VND – 13,450 VND · fair‑value band 5,135 VND – 7,773 VND · the 3,060 VND price screens below the 6,454 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Vietnam Medical and Pharmaceutical Investment Joint Stock Company (JVC) currently trades at 3,060 VND, while our model-based Fair Value estimate is 6,454 VND, implying the stock looks roughly 110.9% undervalued today. The Quality Score stands at 50/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Vietnam Medical and Pharmaceutical Investment Joint Stock Company generated revenue of 741B VND at a net margin of 5.0%. Revenue declined 12.2% year over year. It earns a return on equity of 6.0%. Fundamentals as of Jul 11, 2026

Our scenario range runs from 5,135 VND (bear case) to 7,773 VND (bull case); at 3,060 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 66% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -26% fair-value upside, at 111%, JVC 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 2,204 VND 2,609 VND 3,328 VND 72
Gordon GGM 2,372 VND 2,609 VND 2,973 VND 70
Rev-Margin DCF 2,041 VND 2,454 VND 2,962 VND 67
All 13 models by family
DCF Models
FCF DCF 2,154 VND 2,567 VND 3,362 VND 38
Owner Earnings 3,222 VND 4,087 VND 5,752 VND 31
5Y Revenue Exit 2,041 VND 2,432 VND 3,001 VND 39
5Y EBITDA Exit 3,670 VND 5,253 VND 7,350 VND 41
10Y Revenue Exit 2,052 VND 2,353 VND 2,676 VND 36
10Y EBITDA Exit 3,087 VND 4,138 VND 5,289 VND 37
Dividend Discount
Gordon GGM 2,372 VND 2,609 VND 2,973 VND 70
DDM Multi-Stage 2,372 VND 3,028 VND 3,976 VND 61
Multiples
EV/EBITDA 5,135 VND 6,454 VND 7,773 VND 54
EV/Revenue 2,047 VND 2,419 VND 2,791 VND 43
Asset-Based
NCAV (Graham) 1,888 VND 2,530 VND 3,776 VND 50
Growth DCF
Growth DCF 2,204 VND 2,609 VND 3,328 VND 72
Rev-Margin DCF 2,041 VND 2,454 VND 2,962 VND 67

Widest divergence: Dividend Discount (2,609 VND) versus Multiples (2,419 VND). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 741B VND
Revenue growth (YoY) -12.2%
Net margin 5.0%
Return on equity 6.0%
Free cash flow 10.7B VND FY2022
Operating margin 11.9%
More key figures
EPS (TTM) -85.88 VND
EPS growth (YoY) -53.5%

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 22

Profitability 11
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 80
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

Vietnam Medical and Pharmaceutical Investment Joint Stock Company engages in the distribution of medical equipment and instruments in Vietnam.

Full company description

Vietnam Medical and Pharmaceutical Investment Joint Stock Company engages in the distribution of medical equipment and instruments in Vietnam. The company distributes medical equipment, including diagnostic imaging products, such as magnetic resonance imaging (MRI), computed tomography (CT), X-ray system, computed and direct radiography, dry imager, contrast injector, PET/CT imaging system, and diagnostic ultrasound products; washers, dryers, and sterilizers; and ultrasound systems, anesthesia and breathing machines, syringe and infusion pumps, and patient monitors, as well as navigation products. It also offers SD-S, DI-HT, SD-Q, and DI-HL dry medical films; central venous catheters and invasive blood pressure transducers for resuscitation-cardiovascular intervention; Scepter XC and C balloon, and Chaperon guiding catheters; LVIS Jr. and LVIS coil assist stents; and V-grip detachment controllers, Traxcess guidewires, Headway Duo microcatheters, ERIC retrieval devices, SOFIA PLUS aspiration and SOFIA intermediate catheters, FRED and FRED Jr. flow diversion devices, platinum and hydrogel coils, PHIL liquid embolics, and Headway microcatheters. In addition, the company provides technical services, such as consulting, technical support, repair, and maintenance services; and IT services for hospitals. Further, it leases medical equipment and instruments; operates general, specialist, and dental clinics; invests in medical equipment; and engages in the financial investment activities. Vietnam Medical and Pharmaceutical Investment Joint Stock Company was formerly known as Japan Vietnam Medical Investment and Development Joint Stock Company and changed its name to Vietnam Medical and Pharmaceutical Investment Joint Stock Company in November 2025. The company was founded in 2001 and is headquartered in Hanoi, Vietnam.

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

Revenue & earnings trend

FY2020 – FY2022 · reported fiscal years

Vietnam Medical and Pharmaceutical Investment Joint Stock Company reported revenue of 391B VND in FY2022 versus 517B VND in FY2020, a compound −13.0%/yr. Reported net income was −29.9B VND in FY2022.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2022)
391B VND
Latest YoY
−4.9%
Revenue −13.0%/yr
FY20 517B VND
FY21 411B VND
FY22 391B VND
Net income
FY20 2.8B VND
FY21 −76.7B VND
FY22 −29.9B VND

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Cite: Fair Value Calculator (2026). "Vietnam Medical and Pharmaceutical Investment Joint Stock Company Fair Value". https://www.fairvalue-calculator.com/stock/JVC

Peer Group

Medical Devices · 352 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 50 · Below median
Fair Value upside +111% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth -12% · Bottom 25%

Valuation Multiples vs Medical Devices median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

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 0
FUTURE 0 · sector 29
PAST 24 · sector 8
HEALTH 0 · sector 97
DIVIDEND 0 · sector 38

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
DexCom, Inc DXCM $74.96 $38.95 -48%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%

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Frequently asked questions

Is Vietnam Medical and Pharmaceutical Investment Joint Stock Company (JVC) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 6,454 VND versus a price of 3,060 VND, about +111% (undervalued).
What is the fair value of JVC?
Our model-based fair value for Vietnam Medical and Pharmaceutical Investment Joint Stock Company is 6,454 VND (as of Jul 11, 2026), built from audited fundamentals. The current price is 3,060 VND.
What is the quality score of JVC?
Vietnam Medical and Pharmaceutical Investment Joint Stock Company has a Quality Score of 50/100. 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 Vietnam Medical and Pharmaceutical Investment Joint Stock Company (JVC)?
Vietnam Medical and Pharmaceutical Investment Joint Stock Company reported trailing-twelve-month revenue of about 741B VND (latest available figure, as of Jul 11, 2026).
What is the net profit margin of JVC?
The net profit margin of Vietnam Medical and Pharmaceutical Investment Joint Stock Company is about 5.0%, meaning it keeps roughly 5.0% 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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