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Phu Tai Joint Stock Company (PTB) Fair Value & Analysis

Industrials · VN · Market cap 3.7T VND

PT Phu Tai Joint Stock Company PTB · VN
Price33,900 VND
Fair Value62,050 VND
Upside+83.0%
Quality46/100
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Expensive Growth
Thin margins · 6.9% net margin
Low debt · negative free cash flow
Ranks above peers (10/13)
Moderate moat 51/100
Evidence: Medium Range 46,538 VND – 77,563 VND Share as image

Fair value as of: Jul 11, 2026

From 7 valuation models · updated 30 days ago

Share price −7.1% over the past month.

Below-average quality, screening 83% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (46,538 VND). The market is more pessimistic than our downside scenario.
  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

54,590 VND 21,390 VND Fair Value 62,050 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 21,390 VND – 54,590 VND · fair‑value band 46,538 VND – 77,563 VND · the 33,900 VND price screens below the 62,050 VND fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Phu Tai Joint Stock Company (PTB) currently trades at 33,900 VND, while our model-based Fair Value estimate is 62,050 VND, implying the stock looks roughly 83.0% undervalued today. The Quality Score stands at 46/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, Phu Tai Joint Stock Company generated revenue of 7.8T VND at a net margin of 6.9%. Revenue grew 29.3% year over year. It earns a return on equity of 16.5%. Net debt stands at 1.2T VND. Fundamentals as of Jul 11, 2026

Our scenario range runs from 46,538 VND (bear case) to 77,563 VND (bull case); at 33,900 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 26% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at 83%, PTB screens cheaper 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
Residual Income 34,177 VND 44,994 VND 138,808 VND 76
P/E Multiple 63,146 VND 84,194 VND 105,243 VND 63
P/B Multiple 63,146 VND 84,194 VND 105,243 VND 55
All 7 models by family
DCF Models
Owner Earnings 38,714 VND 62,455 VND 102,175 VND 31
Earnings-Based
Graham-Dodd 33,678 VND 121,935 VND 164,439 VND 54
Lynch FV 28,913 VND 41,305 VND 53,696 VND 50
Multiples
P/E Multiple 63,146 VND 84,194 VND 105,243 VND 63
P/B Multiple 63,146 VND 84,194 VND 105,243 VND 55
Asset-Based
NCAV (Graham) 15,965 VND 21,393 VND 31,930 VND 50
Economic Profit
Residual Income 34,177 VND 44,994 VND 138,808 VND 76

Widest divergence: Multiples (84,194 VND) versus Asset-Based (21,393 VND). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 7.8T VND
Revenue growth (YoY) +29.3%
Net margin 6.9%
Return on equity 16.5%
Free cash flow −25.2B VND FY2025
P/E ratio 6.1
More key figures
Operating margin 10.0%
EPS (TTM) 6,085 VND
EPS growth (YoY) +10.4%
Net debt 1.2T VND FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 46 · Market factors (momentum, volatility) 41

Profitability 56
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 20
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

Phu Tai Joint Stock Company engages in the manufacture and trade of stone and wood products in Vietnam and internationally. The company offers natural stone products, including cut-to-size, crushed and screened stone, imported granite, Vietnamese granite, imported marble, and tombstone; and calacatta, classical, and marble artificial stones.

Full company description

Phu Tai Joint Stock Company engages in the manufacture and trade of stone and wood products in Vietnam and internationally. The company offers natural stone products, including cut-to-size, crushed and screened stone, imported granite, Vietnamese granite, imported marble, and tombstone; and calacatta, classical, and marble artificial stones. It is also involved in car distribution; real estate investment; cutting, shaping and finishing granite, basalt, and marble; exploiting granite and basalt; exploiting stone, sand, and gravel for use in construction materials; manufacturing beds, wardrobes, tables, chairs, cabinets, chips, pellets, and other wood products; producing metal combined with other materials; producing crushed stone, lime, and related products; and office leasing activities. In addition, the company engages in purchasing and selling products from granite, basalt, and marble; wholesaling automobiles; and other motor vehicles business, as well as sale of spare parts and accessories of cars and other motor vehicles. The company was formerly known as Phu Tai Corporation and changed its name to Phu Tai Joint Stock Company in August 2017. Phu Tai Joint Stock Company was founded in 1994 and is based in Quy Nhon, Vietnam.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Phu Tai Joint Stock Company reported revenue of 7.3T VND in FY2025 versus 6.5T VND in FY2021, a compound +3.0%/yr. Reported net income was 497B VND in FY2025, compounding −0.7%/yr from FY2021.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
7.3T VND
Latest YoY
+12.9%
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.
+2.0%
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.
+5.4%
Revenue +3.0%/yr
FY21 6.5T VND
FY22 6.9T VND
FY23 5.6T VND
FY24 6.5T VND
FY25 7.3T VND
Net income −0.7%/yr
FY21 512B VND
FY22 487B VND
FY23 258B VND
FY24 369B VND
FY25 497B VND

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Cite: Fair Value Calculator (2026). "Phu Tai Joint Stock Company Fair Value". https://www.fairvalue-calculator.com/stock/PTB

Peer Group

Conglomerates · 369 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 46 · Below median
Fair Value upside +83% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 29% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 6.1× · Cheaper than 75% of peers
P/B 1.16× · Pricier than median
P/S (TTM) 0.48× · Cheaper than median
EV/EBITDA 3.5× · Cheaper 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 100 · sector 20
FUTURE 100 · sector 16
PAST 66 · sector 20
HEALTH 94 · sector 88
DIVIDEND 0 · sector 39

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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
CITIC Limited 0267 HK$11.28 HK$22.56 +100%
Swire Pacific Limited 0019 HK$99.50 HK$16.77 -83%
SK Inc 034730 580,000 KRW 497,919 KRW -14%
PT Astra International Tbk, ASII 4,810 IDR 9,620 IDR +100%
Grupo Carso, S.A. GCARSOA1 127.02 MXN 66.21 MXN -48%
The Siam Cement Public Company SCC 254.00 THB 199.40 THB -21%
SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%

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Frequently asked questions

Is Phu Tai Joint Stock Company (PTB) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 62,050 VND versus a price of 33,900 VND, about +83% (undervalued).
What is the fair value of PTB?
Our model-based fair value for Phu Tai Joint Stock Company is 62,050 VND (as of Jul 11, 2026), built from audited fundamentals. The current price is 33,900 VND.
What is the quality score of PTB?
Phu Tai Joint Stock Company has a Quality Score of 46/100. 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 Phu Tai Joint Stock Company (PTB)?
Phu Tai Joint Stock Company reported trailing-twelve-month revenue of about 7.8T VND (latest available figure, as of Jul 11, 2026).
What is the net profit margin of PTB?
The net profit margin of Phu Tai Joint Stock Company is about 6.9%, meaning it keeps roughly 6.9% 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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