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Vietnam National Petroleum Group (PLX) Fair Value & Analysis

Energy · VN · Market cap 51.3T VND

VN Vietnam National Petroleum Group PLX · VN
Price37,700 VND
Fair Value29,477 VND
Upside-21.8%
Quality89/100
Evidence: Medium Range 22,108 VND – 36,847 VND

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 32,339 VND to 29,477 VND (−8.9%) since Jun 23, 2026. Share price −9.1% over the past month.

Price vs Fair Value (12 months)

70,340 VND 33,095 VND Fair Value 29,477 VND Jun 2025 Jun 2026

12‑month range 33,095 VND – 70,340 VND · fair‑value band 22,108 VND – 36,847 VND · the 37,700 VND price screens above the 29,477 VND fair value. As of Jun 24, 2026.

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Analysis

Vietnam National Petroleum Group (PLX) currently trades at 37,700 VND, while our model-based Fair Value estimate is 29,477 VND — implying the stock looks roughly 21.8% overvalued today. We read business quality at 89/100 (high quality), in the Energy 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, Vietnam National Petroleum Group generated revenue of 341T VND at a net margin of 0.5%. Revenue grew 45.4% year over year. It earns a return on equity of 7.4%. Net debt stands at 7.9T VND. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 341T VND
Revenue growth (YoY) +45.4%
Net margin 0.5%
Return on equity 7.4%
Free cash flow 1.3T VND FY2025
P/E ratio 46.8
More key figures
Operating margin -0.6%
EPS (TTM) 863.19 VND
EPS growth (YoY) +624%
Net debt 7.9T VND FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Vietnam National Petroleum Group, together with its subsidiaries, imports, exports, and trades in petroleum products in Vietnam and internationally. It engages surveying, designing, and constructing petroleum and civil works; transportation, renting, and leasing of oil tankers, services, marine mechanical services, and port business; water and road transport business; trading of liquefied petroleum gas; production and trading of Petrolimex lubricants, asphalts, and chemicals; and providing financial services. Vietnam National Petroleum Group was founded in 1956 and is headquartered in Hanoi, Vietnam.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vietnam National Petroleum Group reported revenue of 310T VND in FY2025 versus 169T VND in FY2021, a compound +16.4%/yr. Reported net income was 2.7T VND in FY2025, compounding −1.5%/yr from FY2021.

Revenue +16.4%/yr
FY21 169T VND
FY22 304T VND
FY23 274T VND
FY24 284T VND
FY25 310T VND
Net income −1.5%/yr
FY21 2.8T VND
FY22 1.4T VND
FY23 2.8T VND
FY24 2.9T VND
FY25 2.7T VND

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Similar stocks

6 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Reliance Industries Limited RELIANCE ₹1,291 ₹812.28 -37%
Marathon Petroleum Corporation MPC $262.01 $129.07 -51%
Valero Energy Corporation VLO $257.99 $109.18 -58%
Phillips 66 PSX $183.08 $50.63 -72%
Neste Oyj NESTE €28.13 €6.38 -77%
ENEOS Holdings JXHLY $16.46 $17.72 +8%

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Frequently asked questions

Is Vietnam National Petroleum Group (PLX) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 29,477 VND versus a price of 37,700 VND — about −22% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PLX?
Our 21-model fair value for Vietnam National Petroleum Group is 29,477 VND (as of Jun 24, 2026), built from audited fundamentals. The current price is 37,700 VND.
What is the quality score of PLX?
Vietnam National Petroleum Group has a Quality Score of 89/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Vietnam National Petroleum Group (PLX)?
Vietnam National Petroleum Group reported trailing-twelve-month revenue of about 341T VND (latest available figure, as of Jun 24, 2026).
What is the net profit margin of PLX?
The net profit margin of Vietnam National Petroleum Group is about 0.5%, meaning it keeps roughly 0.5% 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.