Song Hong Garment Joint Stock Company (MSH) Fair Value & Analysis
Consumer Cyclical · VN · Market cap 3.6T VND
Fair value as of: Jul 12, 2026
From 24 valuation models · updated 29 days ago
Share price −1.1% over the past month.
A solid business, screening 183% undervalued on our models.
What matters now
- The price is below even our cautious bear case (55,801 VND). The market is more pessimistic than our downside scenario.
- Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (55,801 VND to 121,803 VND) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range 13,871 VND – 39,378 VND · fair‑value band 55,801 VND – 121,803 VND · the 31,550 VND price screens below the 89,361 VND fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Song Hong Garment Joint Stock Company (MSH) currently trades at 31,550 VND, while our model-based Fair Value estimate is 89,361 VND, implying the stock looks roughly 183.2% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical 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, Song Hong Garment Joint Stock Company generated revenue of 5.5T VND at a net margin of 11.0%. Revenue grew 0.5% year over year. It earns a return on equity of 30.2%. Net debt stands at 556B VND. Fundamentals as of Jul 12, 2026
Our scenario range runs from 55,801 VND (bear case) to 121,803 VND (bull case); at 31,550 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 21% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -3% fair-value upside, at 183%, MSH 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.
All 24 models by family
Widest divergence: Growth Earnings (80,983 VND) versus Asset-Based (11,398 VND). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 46
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
Song Hong Garment Joint Stock Company, together with its subsidiaries, manufactures, processes, and sells garment and bedding products in Vietnam. The company offers cotton, rugs, blankets, carpets, and knitted clothes.
Full company description
Song Hong Garment Joint Stock Company, together with its subsidiaries, manufactures, processes, and sells garment and bedding products in Vietnam. The company offers cotton, rugs, blankets, carpets, and knitted clothes. It also trades in industrial products; equipment, spare parts, and other materials for the garment-textile industry; and cigarettes, alcohol, and cosmetics. In addition, the company engages in sewing of clothes; wholesale of fabrics, clothes, and shoes; warehousing and storage services; renting of offices and factories; and provision of transportation services. Song Hong Garment Joint Stock Company was founded in 1988 and is headquartered in Nam Dinh, Vietnam.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Song Hong Garment Joint Stock Company reported revenue of 5.5T VND in FY2025 versus 4.7T VND in FY2021, a compound +3.9%/yr. Reported net income was 614B VND in FY2025, compounding +8.5%/yr from FY2021.
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Peer Group
Apparel Manufacturing · 212 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.
Valuation Multiples vs Apparel Manufacturing median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| H & M Hennes & Mauritz AB HMB | kr 163.45 | kr 165.47 | +1% |
| Ralph Lauren Corporation RL | $374.08 | $224.21 | -40% |
| Moncler S.p.A MONC | €52.08 | €50.69 | -3% |
| Gildan Activewear Inc GIL | C$73.17 | C$32.85 | -55% |
| LPP SA LPP | 19,380 PLN | 17,754 PLN | -8% |
| Bosideng International Holdings 3998 | HK$4.88 | HK$5.92 | +21% |
| Youngor Fashion Co 600177 | ¥7.57 | ¥5.59 | -26% |
| Page Industries Limited PAGEIND | ₹39,900 | ₹12,395 | -69% |
| Hla Group 600398 | ¥6.05 | ¥9.92 | +64% |
| Eclat Textile Co 1476 | 333.50 TWD | 357.81 TWD | +7% |
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Frequently asked questions
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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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