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Dong Nai Port Joint Stock Company (PDN) Fair Value & Analysis

Industrials · VN · Market cap 5.5T VND

DN Dong Nai Port Joint Stock Company PDN · VN
Price95,500 VND
Fair Value130,430 VND
Upside+36.6%
Quality66/100
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Healthy Growth
Highly profitable · 28.0% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 90/100
Evidence: High Range 95,410 VND – 218,270 VND Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 24 days ago

Fair value updated Jul 18, 2026, revised from 83,096 VND to 130,430 VND (+57.0%) since Jun 24, 2026. Share price −5.8% over the past month.

A solid business, screening 37% undervalued on our models.

What matters now

  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (95,410 VND to 218,270 VND) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

117,200 VND 14,418 VND Fair Value 130,430 VND Sep 2019 Aug 2026

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 14,418 VND – 117,200 VND · fair‑value band 95,410 VND – 218,270 VND · the 95,500 VND price screens below the 130,430 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Dong Nai Port Joint Stock Company (PDN) currently trades at 95,500 VND, while our model-based Fair Value estimate is 130,430 VND, implying the stock looks roughly 36.6% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, Dong Nai Port Joint Stock Company generated revenue of 1.6T VND at a net margin of 28.0%. Revenue grew 6.1% year over year. It earns a return on equity of 32.6%. Net debt stands at 31.7B VND. Fundamentals as of Jul 18, 2026

Our scenario range runs from 95,410 VND (bear case) to 218,270 VND (bull case); at 95,500 VND, the current price sits within 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 20% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 37%, PDN 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.

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 82,579 VND 156,794 VND 297,188 VND 80
Residual Income 55,348 VND 74,209 VND 493,119 VND 76
Rev-Margin DCF 42,942 VND 68,123 VND 102,390 VND 74
All 26 models by family
DCF Models
FCF DCF 84,003 VND 164,311 VND 328,599 VND 38
Owner Earnings 105,851 VND 211,065 VND 415,403 VND 31
5Y Revenue Exit 42,942 VND 68,165 VND 101,705 VND 39
5Y EBITDA Exit 56,162 VND 96,770 VND 148,515 VND 41
5Y P/E Exit 80,927 VND 150,352 VND 233,014 VND 38
10Y Revenue Exit 54,305 VND 84,047 VND 129,217 VND 36
10Y EBITDA Exit 64,360 VND 106,100 VND 171,260 VND 37
10Y P/E Exit 81,497 VND 147,409 VND 247,157 VND 35
Earnings-Based
Graham-Dodd 53,417 VND 289,723 VND 401,685 VND 54
Lynch FV 80,338 VND 114,768 VND 149,199 VND 50
PEG = 1.0 80,338 VND 114,768 VND 149,199 VND 46
EPV 83,227 VND 97,609 VND 110,392 VND 59
Dividend Discount
Gordon GGM 28,888 VND 63,068 VND 106,114 VND 70
DDM Multi-Stage 28,888 VND 51,663 VND 65,727 VND 61
Multiples
P/E Multiple 82,482 VND 109,976 VND 137,470 VND 63
P/S Multiple 25,522 VND 34,029 VND 42,536 VND 58
P/B Multiple 36,080 VND 48,106 VND 60,133 VND 55
EV/EBIT 70,687 VND 93,671 VND 116,656 VND 53
EV/EBITDA 47,079 VND 62,195 VND 77,310 VND 54
EV/Revenue 25,553 VND 35,762 VND 45,970 VND 43
Asset-Based
NCAV (Graham) 13,363 VND 17,906 VND 26,726 VND 50
Growth DCF
Growth DCF 82,579 VND 156,794 VND 297,188 VND 80
Rev-Margin DCF 42,942 VND 68,123 VND 102,390 VND 74
Economic Profit
Residual Income 55,348 VND 74,209 VND 493,119 VND 76
ROIC Compounder 95,885 VND 129,513 VND 172,872 VND 72
Growth Earnings
Growth-Adj P/E 97,634 VND 139,478 VND 181,321 VND 68

Widest divergence: Growth Earnings (139,478 VND) versus Asset-Based (17,906 VND). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.6T VND
Revenue growth (YoY) +6.1%
Net margin 28.0%
Return on equity 32.6%
Free cash flow 314B VND FY2025
P/E ratio 13.2
More key figures
Operating margin 36.3%
EPS (TTM) 7,555 VND
EPS growth (YoY) +12.1%
Net debt 31.7B VND FY2021

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 66 · Market factors (momentum, volatility) 50

Profitability 84
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 40
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

Dong Nai Port Joint Stock Company engages in the seaport business in Vietnam. The company is involved in seaport operations; provision of inland container depot services; logistics services, including transportation, door-to-door delivery, and custom clearance; inland and bonded warehouse services; and agent and maritime operation services.

Full company description

Dong Nai Port Joint Stock Company engages in the seaport business in Vietnam. The company is involved in seaport operations; provision of inland container depot services; logistics services, including transportation, door-to-door delivery, and custom clearance; inland and bonded warehouse services; and agent and maritime operation services. It also provides general merchandise warehousing, loading, and unloading services; and containerized goods. The company was founded in 1989 and is headquartered in Biên Hòa, Vietnam.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dong Nai Port Joint Stock Company reported revenue of 1.6T VND in FY2025 versus 893B VND in FY2021, a compound +15.3%/yr. Reported net income was 436B VND in FY2025, compounding +28.4%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.6T VND
Latest YoY
+17.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.7%
Avg. growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.4%
Revenue +15.3%/yr
FY21 893B VND
FY22 1.1T VND
FY23 1.2T VND
FY24 1.3T VND
FY25 1.6T VND
Net income +28.4%/yr
FY21 161B VND
FY22 234B VND
FY23 295B VND
FY24 347B VND
FY25 436B VND

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Cite: Fair Value Calculator (2026). "Dong Nai Port Joint Stock Company Fair Value". https://www.fairvalue-calculator.com/stock/PDN

Peer Group

Marine Shipping · 231 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 66 · Top 25%
Fair Value upside +37% · Top 25%
Return on equity (TTM) 33% · Top 25%
Return on assets 18% · Top 25%
Net margin (TTM) 28% · Top 25%
Operating margin (TTM) 36% · Top 25%
Revenue growth 6% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 13.2× · Cheaper than median
P/B 3.70× · Pricier than 75% of peers
P/S (TTM) 3.44× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 9.4× · Pricier than median

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 82 · sector 29
FUTURE 31 · sector 18
PAST 100 · sector 27
HEALTH 99 · sector 88
DIVIDEND 0 · sector 46

Insider activity: 40/100

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

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Frequently asked questions

Is Dong Nai Port Joint Stock Company (PDN) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 130,430 VND versus a price of 95,500 VND, about +37% (undervalued).
What is the fair value of PDN?
Our model-based fair value for Dong Nai Port Joint Stock Company is 130,430 VND (as of Jul 18, 2026), built from audited fundamentals. The current price is 95,500 VND.
What is the quality score of PDN?
Dong Nai Port Joint Stock Company has a Quality Score of 66/100. 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 Dong Nai Port Joint Stock Company (PDN)?
Dong Nai Port Joint Stock Company reported trailing-twelve-month revenue of about 1.6T VND (latest available figure, as of Jul 18, 2026).
What is the net profit margin of PDN?
The net profit margin of Dong Nai Port Joint Stock Company is about 28.0%, meaning it keeps roughly 28.0% 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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