Nam Kim Steel Joint Stock Company (NKG) Fair Value & Analysis
Basic Materials · VN · Market cap 5.6T VND
Fair value as of: Jul 17, 2026
From 14 valuation models · updated 24 days ago
Share price −6.3% over the past month.
Below-average quality, and screening another 48% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (7,232 VND). The favourable scenario is already priced in.
- Weak quality (21/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range 5,241 VND – 31,615 VND · fair‑value band 4,339 VND – 7,232 VND · the 11,200 VND price screens above the 5,786 VND fair value. Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Nam Kim Steel Joint Stock Company (NKG) currently trades at 11,200 VND, while our model-based Fair Value estimate is 5,786 VND, implying the stock looks roughly 48.3% overvalued today. The Quality Score stands at 21/100 (below-average quality), in the Basic Materials 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, Nam Kim Steel Joint Stock Company generated revenue of 14.0T VND at a net margin of 1.1%. Revenue declined 20.3% year over year. It earns a return on equity of 2.0%. Net debt stands at 6.0T VND. Fundamentals as of Jul 17, 2026
Our scenario range runs from 4,339 VND (bear case) to 7,232 VND (bull case); at 11,200 VND, the current price sits above 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 45% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -25% fair-value upside, at -48%, NKG screens richer 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 14 models by family
Widest divergence: Asset-Based (10,371 VND) versus Earnings-Based (2,055 VND). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 25 · Market factors (momentum, volatility) 31
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
Nam Kim Steel Joint Stock Company engages in the manufacture and sale of steel and other products in Vietnam and internationally. It offers steel sheets, including pre-painted aluminum- zinc alloy coated and galvanized steel sheet in coil, as well as steel pipes.
Full company description
Nam Kim Steel Joint Stock Company engages in the manufacture and sale of steel and other products in Vietnam and internationally. It offers steel sheets, including pre-painted aluminum- zinc alloy coated and galvanized steel sheet in coil, as well as steel pipes. The company also manufactures other metal products; produces steel tole, iron, steel, cast iron, steel and rolled steel, cold rolled steel, and black and galvanized steel tape; wholesales metal and metal ores; and trades in scraps. In addition, it is involved in mechanical processing, handling and metal coating; provision of road transportation, logistics services, and cargo handling services; and leasing of transport vehicles and other transport-related support services. The company was incorporated in 2002 and is headquartered in Thu Dau Mot, Vietnam.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Nam Kim Steel Joint Stock Company reported revenue of 14.8T VND in FY2025 versus 28.2T VND in FY2021, a compound −14.9%/yr. Reported net income was 197B VND in FY2025, compounding −45.4%/yr from FY2021.
NKG screens 48% overvalued. Compare with Tata Steel Limited →
Peer Group
Steel · 378 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 Steel 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.
VALUE 0: the price sits above our fair-value range.
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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2010 | $0.2000 | -0% |
| JSW Steel Limited JSWSTEEL | ₹1,227 | ₹1,140 | -7% |
| Baoshan Iron & Steel Co 600019 | ¥5.89 | ¥8.07 | +37% |
| China Steel Corporation 2002A | 38.55 TWD | 8.74 TWD | -77% |
| POSCO Holdings 005490 | 313,500 KRW | 155,270 KRW | -50% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 15,940 ARS | +17% |
| Jindal Steel Limited JINDALSTEL | ₹1,028 | ₹545.12 | -47% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,844 | ₹1,098 | -40% |
| SSAB AB SSABA | kr 96.04 | kr 72.43 | -25% |
| Gerdau S.A GGBN | 83.50 MXN | 42.64 MXN | -49% |
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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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