Viet Nam Fumigation JSC (VFG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Viet Nam Fumigation JSC stock VND 70,242, price VND 40,800, upside +72.2%, quality 67 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 18,410 VND – 79,878 VND · fair‑value band 44,730 VND – 104,304 VND · the 40,800 VND price screens below the 70,242 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Vietnam Fumigation Joint Stock Company manufactures, processes, and trades in disinfectants and agricultural chemicals in Vietnam. It operates through Agricultural Chemicals; Disinfection and Pestman Service; Investment Property for Rent; and Hotel Service segments.
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The company offers pesticides, herbicides, insecticides, fungicides, and organic and biological fertilizers.
It also provides disinfection products, such as fumigants, safety and fumigation equipment, sprayable formulations, and desiccants; commodity fumigation services for storage, import, and export; and pest control services to factories, hotels, resorts, warehouses, residential areas, and construction projects.
In addition, the company offers office rental services; hotel and restaurant services; and sells plant seeds. Vietnam Fumigation Joint Stock Company was founded in 1960 and is headquartered in Ho Chi Minh City, Vietnam.
Stock analysis
Viet Nam Fumigation JSC (VFG) currently trades at 40,800 VND, while our model-based Fair Value estimate is 70,242 VND, implying the stock looks roughly 42% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 150,108 VND per share, and 25 of the 26 models we run sit above the 40,800 VND price.
Bear case: the Asset-Based group reads lowest at 33,379 VND, and 1 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 44,730 VND (bear) to 104,304 VND (bull), the price of 40,800 VND sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Viet Nam Fumigation JSC reported revenue of 3.5T VND in FY2025 versus 2.1T VND in FY2021, a compound +14.2%/yr. Reported net income was 337B VND in FY2025, compounding +19.6%/yr from FY2021.
Key figures
Market cap 1.7T VND (≈ $66.5M) Micro · P/E ratio 5.4 · P/S ratio 0.46 · EPS (TTM) 7,599 VND · Dividend yield 12.1% · Net margin 9.3% · Return on equity 21.0% · Return on assets (EBIT) 12.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 4% fair-value upside, at 72%, VFG screens cheaper than that median.
Fair Value models
Bear44,730 VNDFair Value 70,242 VNDBull104,304 VND
Price 40,800 VND · Upside +72.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (6,516 VND per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF35,267 VND42,600 VND51,463 VND82
Growth DCF35,012 VND41,429 VND48,677 VND80
Owner Earnings44,601 VND55,426 VND68,508 VND78
All 26 models by family
DCF Models
FCF DCF35,267 VND42,600 VND51,463 VND82
Owner Earnings44,601 VND55,426 VND68,508 VND78
5Y Revenue Exit67,682 VND109,299 VND164,847 VND72
5Y EBITDA Exit70,482 VND114,770 VND168,724 VND74
5Y P/E Exit80,996 VND135,317 VND195,196 VND70
10Y Revenue Exit48,608 VND75,195 VND114,090 VND66
10Y EBITDA Exit51,447 VND78,003 VND116,312 VND68
10Y P/E Exit56,388 VND88,549 VND131,489 VND63
Earnings-Based
Graham-Dodd54,959 VND211,947 VND287,302 VND64
Lynch FV51,823 VND74,033 VND96,243 VND61
PEG = 1.051,823 VND74,033 VND96,243 VND57
EPV65,064 VND69,582 VND73,084 VND74
Dividend Discount
Gordon GGM27,641 VND40,988 VND48,970 VND69
DDM Multi-Stage27,641 VND41,120 VND44,448 VND67
Multiples
P/E Multiple127,294 VND169,726 VND212,157 VND63
P/S Multiple103,048 VND137,397 VND171,746 VND58
P/B Multiple130,361 VND173,814 VND217,268 VND55
EV/EBIT120,652 VND162,819 VND204,985 VND66
EV/EBITDA97,315 VND131,702 VND166,089 VND67
EV/Revenue84,439 VND123,133 VND161,826 VND53
Asset-Based
NCAV (Graham)22,030 VND33,379 VND41,724 VND54
Growth DCF
Growth DCF35,012 VND41,429 VND48,677 VND80
Rev-Margin DCF67,682 VND108,032 VND156,875 VND72
Economic Profit
Residual Income36,663 VND43,634 VND56,182 VND76
ROIC Compounder67,720 VND75,510 VND83,428 VND72
Growth Earnings
Growth-Adj P/E93,542 VND133,631 VND173,721 VND67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.4%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.3%
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in VND ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in VND: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+27.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.6%
Dividend (yield on the price)12.1%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 12%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Vietnam: IMF forecast 4.1% a year to 2030, 3.1% from 2016 to 2025) that is about +4.1% a year for the price.
Compare Viet Nam Fumigation JSC with another stock
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Peer Groupⓘ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.Agricultural Inputs · 162 stocks
Beats the industry median on 13/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+72.2% · Top 25%
Profitability
Return on equity (12 months)21.0% · Top 25%
Return on assets13.9% · Top 25%
Net margin (12 months)9.3% · Top 25%
Operating margin (12 months)8.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)17.0% · Above median
Dividend yield (12 months)12.1% · Top 25%
Valuation Multiplesvs Agricultural Inputs median · lower = cheaper
P/E (12 months)5.4× · Cheapest 25%
P/B1.02× · Cheaper than median
P/S (12 months)0.46× · Cheapest 25%
Price / free cash flow (fiscal year)14.3× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Viet Nam Fumigation JSC Fair Value". https://www.fairvalue-calculator.com/stock/VFG
Frequently asked questions
Is Viet Nam Fumigation JSC (VFG) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 70,242 VND versus a price of 40,800 VND, about +72% upside (undervalued).
What is the fair value of VFG?
Our model-based fair value for Viet Nam Fumigation JSC is 70,242 VND (as of Nov 9, 2026), built from audited fundamentals. The current price: 40,800 VND.
What is the quality score of VFG?
Viet Nam Fumigation JSC has a Quality Score of 67/100. 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 price target for Viet Nam Fumigation JSC (VFG)?
Our model-based price target is the fair value of 70,242 VND (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 44,730 VND, optimistic scenario 104,304 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Viet Nam Fumigation JSC stock forecast for 2026?
Our models put fair value at 70,242 VND, about +72% upside versus a price of 40,800 VND (undervalued). Cautious scenario 44,730 VND, optimistic scenario 104,304 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Viet Nam Fumigation JSC (VFG)?
Viet Nam Fumigation JSC reported trailing-twelve-month revenue of about 3.7T VND (latest available figure, as of Nov 9, 2026).
Does Viet Nam Fumigation JSC pay a dividend?
Viet Nam Fumigation JSC currently shows a dividend yield of 12.10% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Viet Nam Fumigation JSC (VFG)?
Viet Nam Fumigation JSC has a dividend yield of 12.1%.
What growth is priced into Viet Nam Fumigation JSC (VFG)?
For today's price to be fair in a discounted-cash-flow model, Viet Nam Fumigation JSC would have to grow free cash flow by +8.4 % per year for five years (discount rate 16.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.4 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of VFG use?
Our models discount Viet Nam Fumigation JSC at 16.4 %: a base by market capitalisation (micro), country premium for Vietnam. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Viet Nam Fumigation JSC that is +8.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (16.4 %) and the same formula as our fair value.
How much growth has Viet Nam Fumigation JSC (VFG) delivered so far?
Over the past 5 years revenue at Viet Nam Fumigation JSC grew +13.4 % a year. The price currently implies free-cash-flow growth of +8.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Viet Nam Fumigation JSC (VFG) growing?
The median revenue growth in the sector is +11.2 % a year. That is the yardstick for the growth priced into Viet Nam Fumigation JSC (+8.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Viet Nam Fumigation JSC (VFG)?
The free-cash-flow yield on the price is 6.97 %: that much free cash flow Viet Nam Fumigation JSC produces per unit of market value. When it exceeds the discount rate of our models (16.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Viet Nam Fumigation JSC (VFG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Viet Nam Fumigation JSC it is 70,242 VND per share (as of Nov 9, 2026), against a price of 40,800 VND. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Viet Nam Fumigation JSC stock overvalued or undervalued in 2026?
As of Nov 9, 2026, VFG trades below its calculated fair value: price 40,800 VND, fair value 70,242 VND, a gap of about +72% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VFG?
No. The price is what the market pays today (40,800 VND); the fair value is what the company's own numbers justify (70,242 VND). For Viet Nam Fumigation JSC the two are 29,442 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Viet Nam Fumigation JSC worth?
The market values Viet Nam Fumigation JSC at about 1.7T VND (market capitalisation, as of Nov 9, 2026). Per share that is 40,800 VND; our models calculate a fair value of 70,242 VND per share.
What do the bullish and bearish scenarios say about VFG?
Our models span a range for Viet Nam Fumigation JSC: cautious scenario 44,730 VND, base 70,242 VND, optimistic 104,304 VND per share (as of Nov 9, 2026, price 40,800 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VFG?
Viet Nam Fumigation JSC trades at a price-to-earnings ratio of 5.4 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 70,242 VND is built from several models across several years. Other multiples: P/B 1.0, P/S 0.5, EV/EBITDA 2.3.
How solid is the balance sheet of Viet Nam Fumigation JSC (VFG)?
Balance-sheet figures for Viet Nam Fumigation JSC (as of Nov 9, 2026): return on equity 21.0%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is VFG from its 52-week high?
Viet Nam Fumigation JSC trades at 40,800 VND, about 23% below its 52-week high of 52,960 VND and 2% above the low of 40,100 VND (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 70,242 VND is for.
Which stocks are comparable to Viet Nam Fumigation JSC?
From the same area (Basic Materials) we also value Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, Yara International ASA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Viet Nam Fumigation JSC stock attractive at the current price?
The data as of Nov 9, 2026: price 40,800 VND, calculated fair value 70,242 VND (+72%), Quality Score 67/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VFG calculated?
We run Viet Nam Fumigation JSC through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 70,242 VND builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Viet Nam Fumigation JSC currently trades 42% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Viet Nam Fumigation JSC (VFG)?
The closing price on Nov 6, 2026 was 40,800 VND. Our model-based fair value is 70,242 VND, about +72% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Viet Nam Fumigation JSC right now?
The price is below even our cautious bear case (44,730 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. A fairly wide model range (44,730 VND to 104,304 VND) leaves room in how you read the outcome.
Key figures of Viet Nam Fumigation JSC
How large is the market capitalisation of Viet Nam Fumigation JSC (VFG)?
The market capitalisation of Viet Nam Fumigation JSC is 1.7T VND (≈ $66.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Viet Nam Fumigation JSC (VFG)?
The price-to-sales ratio of Viet Nam Fumigation JSC is 0.46 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Viet Nam Fumigation JSC (VFG)?
Earnings per share at Viet Nam Fumigation JSC are 7,599 VND (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Viet Nam Fumigation JSC (VFG)?
The dividend yield of Viet Nam Fumigation JSC is 12.1% (payout 65.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Viet Nam Fumigation JSC (VFG)?
The net margin of Viet Nam Fumigation JSC is 9.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Viet Nam Fumigation JSC (VFG)?
The return on equity (ROE) of Viet Nam Fumigation JSC is 21.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Viet Nam Fumigation JSC (VFG)?
On an EBIT basis the return on assets of Viet Nam Fumigation JSC is 12.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Viet Nam Fumigation JSC (VFG)?
The operating margin of Viet Nam Fumigation JSC is 8.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Viet Nam Fumigation JSC (VFG)?
Revenue at Viet Nam Fumigation JSC is growing +17.0% versus a year earlier (3y avg +5.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Viet Nam Fumigation JSC (VFG)?
Earnings per share at Viet Nam Fumigation JSC are growing +27.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Viet Nam Fumigation JSC (VFG) carry?
The net debt of Viet Nam Fumigation JSC is 244B VND (fiscal year 2023, ≈ 2.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 9, 2026