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Petrovietnam Drilling and Well Services Corporation (PVD) Fair Value & Analysis

Energy · VN · Market cap 18.1T VND

PD Petrovietnam Drilling and Well Services Corporation PVD · VN
Price18,050 VND
Fair Value15,841 VND
Upside-12.2%
Quality44/100
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Expensive Growth
Thin margins · 9.3% net margin
Low debt · negative free cash flow
Ranks above peers (9/13)
Narrow moat 41/100
Evidence: High Range 11,648 VND – 17,618 VND Share as image

Fair value as of: Jul 19, 2026

From 16 valuation models · updated 21 days ago

Fair value updated Jul 19, 2026, revised from 26,415 VND to 15,841 VND (−40.0%) since Jun 24, 2026. Share price −7.4% over the past month.

Below-average quality, and screening another 12% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (17,618 VND). The favourable scenario is already priced in.
  • Our model range runs from 11,648 VND (bear) to 17,618 VND (bull), base 15,841 VND. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 44/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

26,962 VND 7,471 VND Fair Value 15,841 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 7,471 VND – 26,962 VND · fair‑value band 11,648 VND – 17,618 VND · the 18,050 VND price screens above the 15,841 VND fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Petrovietnam Drilling and Well Services Corporation (PVD) currently trades at 18,050 VND, while our model-based Fair Value estimate is 15,841 VND, implying the stock looks roughly 12.2% overvalued today. The Quality Score stands at 44/100 (below-average 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: high).

Over the trailing twelve months, Petrovietnam Drilling and Well Services Corporation generated revenue of 12.8T VND at a net margin of 9.3%. Revenue grew 126.3% year over year. It earns a return on equity of 7.2%. Net debt stands at 2.6T VND. Fundamentals as of Jul 19, 2026

Our scenario range runs from 11,648 VND (bear case) to 17,618 VND (bull case); at 18,050 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 60% below its 52-week high, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -45% fair-value upside, at -12%, PVD 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 BearBaseBull Evidence
Highest evidence
Residual Income 14,598 VND 15,196 VND 15,852 VND 76
ROIC Compounder 10,401 VND 12,572 VND 14,502 VND 72
Gordon GGM 2,918 VND 6,370 VND 10,718 VND 70
All 16 models by family
Earnings-Based
Graham-Dodd 7,613 VND 53,089 VND 74,503 VND 54
Lynch FV 16,535 VND 23,622 VND 30,708 VND 50
PEG = 1.0 16,535 VND 23,622 VND 30,708 VND 46
EPV 10,401 VND 12,572 VND 14,502 VND 59
Dividend Discount
Gordon GGM 2,918 VND 6,370 VND 10,718 VND 70
DDM Multi-Stage 2,918 VND 5,218 VND 6,639 VND 61
Multiples
P/E Multiple 11,755 VND 15,673 VND 19,591 VND 63
P/S Multiple 10,571 VND 14,095 VND 17,618 VND 58
P/B Multiple 14,274 VND 19,032 VND 23,789 VND 55
EV/EBIT 8,350 VND 11,768 VND 15,186 VND 53
EV/EBITDA 8,419 VND 11,859 VND 15,299 VND 54
EV/Revenue 7,964 VND 12,192 VND 16,421 VND 43
Asset-Based
NCAV (Graham) 9,075 VND 12,161 VND 18,150 VND 50
Economic Profit
Residual Income 14,598 VND 15,196 VND 15,852 VND 76
ROIC Compounder 10,401 VND 12,572 VND 14,502 VND 72
Growth Earnings
Growth-Adj P/E 19,138 VND 27,340 VND 35,541 VND 68

Widest divergence: Growth Earnings (27,340 VND) versus Dividend Discount (5,218 VND). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 12.8T VND
Revenue growth (YoY) +126%
Net margin 9.3%
Return on equity 7.2%
Free cash flow −1.6T VND FY2025
P/E ratio 16.9
More key figures
Operating margin 12.7%
EPS (TTM) 1,791 VND
EPS growth (YoY) +92.9%
Net debt 2.6T VND FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 46 · Market factors (momentum, volatility) 62

Profitability 30
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 82
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

Petrovietnam Drilling and Well Services Corporation, together with its subsidiaries, provides drilling rigs and drilling-related services to the oil and gas industry in the Socialist Republic of Vietnam and internationally. The company operates through Drilling services and Trading segments.

Full company description

Petrovietnam Drilling and Well Services Corporation, together with its subsidiaries, provides drilling rigs and drilling-related services to the oil and gas industry in the Socialist Republic of Vietnam and internationally. The company operates through Drilling services and Trading segments. It offers drilling services; well technical services; design, engineer, inspection, repair, maintenance, workshop, trading and other services; manpower and training program services; oil spill response and environment impact assessment services. The company also provides owns and operates offshore and onshore rigs. The company was founded in 2001 and is headquartered in Ho Chi Minh City, Vietnam. Petrovietnam Drilling and Well Services Corporation is a subsidiary of Vietnam National Industry - Energy Group.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Petrovietnam Drilling and Well Services Corporation reported revenue of 10.9T VND in FY2025 versus 4.0T VND in FY2021, a compound +28.5%/yr. Reported net income was 1.0T VND in FY2025, compounding +170.0%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
10.9T VND
Latest YoY
+17.3%
Avg. growth/yr (3Y)
+26.1%
Avg. growth/yr (5Y)
+15.8%
Avg. growth/yr (6Y)
+16.2%
Revenue +28.5%/yr
FY21 4.0T VND
FY22 5.4T VND
FY23 5.8T VND
FY24 9.3T VND
FY25 10.9T VND
Net income +170.0%/yr
FY21 19.6B VND
FY22 −103B VND
FY23 585B VND
FY24 698B VND
FY25 1.0T VND

PVD screens 12% overvalued. Compare with Noble Corporation →

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Cite: Fair Value Calculator (2026). "Petrovietnam Drilling and Well Services Corporation Fair Value". https://www.fairvalue-calculator.com/stock/PVD

Peer Group

Oil & Gas Drilling · 31 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 44 · Above median
Fair Value upside −12% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 13% · Above median
Revenue growth 126% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.21× · Lower than median

Valuation Multiples vs Oil & Gas Drilling median · lower = cheaper

P/E (TTM) 18.2× · Pricier than median
P/B 1.08× · Cheaper than median
P/S (TTM) 1.42× · Pricier than median
EV/EBITDA 8.2× · Pricier than 75% of peers

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 17 · sector 0
FUTURE 100 · sector 2
PAST 29 · sector 17
HEALTH 89 · sector 84
DIVIDEND 0 · sector 66

Insider activity: 25/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Noble Corporation NE $41.79 $23.09 -45%
Sinopec Oilfield Service Corporation 600871 ¥2.21 ¥0.4900 -78%
Transocean Ltd RIG $5.14 $2.16 -58%
Valaris Limited VAL $79.57 $63.09 -21%
Patterson-UTI Energy, Inc PTEN $9.39 $12.20 +30%
Helmerich & Payne, Inc HP $34.14 $9.25 -73%
Seadrill Limited SDRL $42.86 $10.17 -76%
Arabian Drilling Company 2381 80.70 SAR 11.09 SAR -86%
Nabors Industries Ltd NBR $84.72 $209.20 +147%
Borr Drilling Limited BORR kr 41.99 kr 27.75 -34%

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Frequently asked questions

Is Petrovietnam Drilling and Well Services Corporation (PVD) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 15,841 VND versus a price of 18,050 VND, about −12% (overvalued).
What is the fair value of PVD?
Our model-based fair value for Petrovietnam Drilling and Well Services Corporation is 15,841 VND (as of Jul 19, 2026), built from audited fundamentals. The current price is 18,050 VND.
What is the quality score of PVD?
Petrovietnam Drilling and Well Services Corporation has a Quality Score of 44/100. 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 Petrovietnam Drilling and Well Services Corporation (PVD)?
Petrovietnam Drilling and Well Services Corporation reported trailing-twelve-month revenue of about 12.8T VND (latest available figure, as of Jul 19, 2026).
What is the net profit margin of PVD?
The net profit margin of Petrovietnam Drilling and Well Services Corporation is about 9.3%, meaning it keeps roughly 9.3% 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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