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Masan Group (MSN) Fair Value & Analysis

Industrials · VN · Market cap 104T VND

MG Masan Group MSN · VN
Price71,500 VND
Fair Value48,302 VND
Upside-32.4%
Quality84/100
Evidence: Medium Range 36,227 VND – 60,378 VND

Fair value as of: Jun 26, 2026

From 16 valuation models · updated 3 days ago

Share price −3.5% over the past month.

Price vs Fair Value (12 months)

87,764 VND 67,632 VND Fair Value 48,302 VND Jun 2025 Jun 2026

12‑month range 67,632 VND – 87,764 VND · fair‑value band 36,227 VND – 60,378 VND · the 71,500 VND price screens above the 48,302 VND fair value. As of Jun 26, 2026.

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Analysis

Masan Group (MSN) currently trades at 71,500 VND, while our model-based Fair Value estimate is 48,302 VND — implying the stock looks roughly 32.4% overvalued today. We read business quality at 84/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Masan Group generated revenue of 86.7T VND at a net margin of 5.7%. Revenue grew 27.1% year over year. It earns a return on equity of 17.3%. Net debt stands at 4.0T VND. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 86.7T VND
Revenue growth (YoY) +27.1%
Net margin 5.7%
Return on equity 17.3%
Free cash flow −509B VND FY2025
P/E ratio 22.1
More key figures
Operating margin 10.2%
EPS (TTM) 3,272 VND
EPS growth (YoY) +215%
Net debt 4.0T VND FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Masan Group Corporation, an investment holding company, manufactures and distributes food and beverage products in Vietnam and internationally. It operates in five segments: Branded Consumer Products; MEATLife; High-Tech Materials; Consumer Retail; and Others. The company offers soya sauce, fish sauce, seasoning, chili sauce, instant noodles, instant congee, instant coffee, instant cereals, bottled beverages, processed meat, and beer, as well as washing powder, liquid detergent, dishwashing liquid, and body wash. It sells its food and beverage products under the CHIN-SU, Omachi, Kokomi, Ponnie, Heo Cao B"i, Vinacafé, Wake-up, Wake-up 247, Compact, Lemona, Vinh H"o, Vivant, Quang Hanh, and Su T" Tr"ng và Red Ruby brands; and home and personal care products under the Joins and Super Net, Chante' and Sopa, Homey, and La'Petal. The company also operates a meat platform under the MEATLife name, which offers chilled and processed meat products under the MEATDeli brand; a retail platform u…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Masan Group reported revenue of 81.6T VND in FY2025 versus 88.6T VND in FY2021, a compound −2.0%/yr. Reported net income was 4.1T VND in FY2025, compounding −16.8%/yr from FY2021.

Revenue −2.0%/yr
FY21 88.6T VND
FY22 76.2T VND
FY23 78.3T VND
FY24 83.2T VND
FY25 81.6T VND
Net income −16.8%/yr
FY21 8.6T VND
FY22 3.6T VND
FY23 419B VND
FY24 2.0T VND
FY25 4.1T VND

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Frequently asked questions

Is Masan Group (MSN) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 48,302 VND versus a price of 71,500 VND — about −32% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MSN?
Our 21-model fair value for Masan Group is 48,302 VND (as of Jun 26, 2026), built from audited fundamentals. The current price is 71,500 VND.
What is the quality score of MSN?
Masan Group has a Quality Score of 84/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Masan Group (MSN)?
Masan Group reported trailing-twelve-month revenue of about 86.7T VND (latest available figure, as of Jun 26, 2026).
What is the net profit margin of MSN?
The net profit margin of Masan Group is about 5.7%, meaning it keeps roughly 5.7% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.