The PAN Group (PAN) Fair Value & Analysis
Consumer Defensive · VN · Market cap 5.3T VND
Fair value as of: Jul 18, 2026
From 26 valuation models · updated 23 days ago
Fair value updated Jul 18, 2026, revised from 45,618 VND to 37,735 VND (−17.3%) since Jun 25, 2026. Share price −5.6% over the past month.
A solid business, screening 81% undervalued on our models.
What matters now
- The price is below even our cautious bear case (28,301 VND). The market is more pessimistic than our downside scenario.
- Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range 9,238 VND – 29,756 VND · fair‑value band 28,301 VND – 47,168 VND · the 20,900 VND price screens below the 37,735 VND fair value. Dashed = 300-day average. As of Jul 18, 2026.
Analysis
The PAN Group (PAN) currently trades at 20,900 VND, while our model-based Fair Value estimate is 37,735 VND, implying the stock looks roughly 80.6% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Consumer Defensive 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, The PAN Group generated revenue of 17.2T VND at a net margin of 6.7%. Revenue declined 8.6% year over year. It earns a return on equity of 17.6%. Net debt stands at 1.1T VND. Fundamentals as of Jul 18, 2026
Our scenario range runs from 28,301 VND (bear case) to 47,168 VND (bull case); at 20,900 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 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at 81%, PAN 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 26 models by family
Widest divergence: Growth DCF (262,474 VND) versus Asset-Based (14,279 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 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 41
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
The PAN Group Joint Stock Company engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.
Full company description
The PAN Group Joint Stock Company engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally. The company is involved in the mixed crop and livestock farming; cultivation, processing, and trading of agricultural, forestry, and aquatic products; food trading investment consulting activities; cultivation, processing, and preservation of aquatic products; purchase and sale of food, foodstuffs, and semi-processed agricultural products; and quality testing, export, and preservation of aquatic products. It also produces and sells sugar, cakes, candies, malt, wine, nutritional powder, milk and dairy products, soy milk, soft drinks, and soft drink powder; sells, imports, and exports agricultural products and materials; and offers warehouse rental services. In addition, the company engages in the wholesale of food, agricultural, and forestry products; coffee plantation activities; production and trading of vegetables, fruits, and other agricultural products; research, selecting, and sale of various agricultural and forestry plant varieties; and manufacture, processing, and trading of disinfectant products, agricultural chemicals, and related services. Further, it offers aquatic products, as well as repair, maintenance, and installation services for machinery and equipment; research, training, and agricultural technical services; and produces and trades in seeds and logistics services. Additionally, the company engages in the wholesale of gasoline, lubricants, liquefied petroleum gas and related products, rice, wheat, and other cereals and flour, operates hotels, motels, restaurants, short-term accommodation services, and biotechnology research and development. The company was formerly known as Pan Pacific Corporation and changed its name to The PAN Group Joint Stock Company in August 2015. The PAN Group Joint Stock Company was founded in 1993 and is headquartered in Tây Ninh, Vietnam.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
The PAN Group reported revenue of 17.6T VND in FY2025 versus 9.2T VND in FY2021, a compound +17.4%/yr. Reported net income was 673B VND in FY2025, compounding +22.8%/yr from FY2021.
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Peer Group
Farm Products · 288 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 Farm Products 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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Muyuan Foods Group 002714 | ¥40.90 | ¥48.19 | +18% |
| Wens Foodstuff Group 300498 | ¥14.51 | ¥12.08 | -17% |
| Mowi ASA MOWI | kr 188.40 | kr 262.59 | +39% |
| PT Charoen Pokphand Indonesia Tbk, CPIN | 3,120 IDR | 7,076 IDR | +127% |
| Charoen Pokphand Foods Public Company CPF | 22.00 THB | 55.71 THB | +153% |
| PT Triputra Agro Persada Tbk TAPG | 1,540 IDR | 3,105 IDR | +102% |
| PT FAP Agri Tbk FAPA | 7,300 IDR | 7,463 IDR | +2% |
| PT Japfa Comfeed Indonesia Tbk JPFA | 2,070 IDR | 7,231 IDR | +249% |
| Thaifoods Group TFGR | 10.60 THB | 23.53 THB | +122% |
| PT Jhonlin Agro Raya Tbk JARR | 1,845 IDR | 610.80 IDR | -67% |
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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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