Viet Nam Fumigation JSC (VFG) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Viet Nam Fumigation JSC VND 88,549, price VND 43,000, upside +105.9%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 18,078 VND – 79,878 VND · fair‑value band 56,388 VND – 131,489 VND · the 43,000 VND price screens below the 88,549 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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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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. 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 43,000 VND, while our model-based Fair Value estimate is 88,549 VND, implying the stock looks roughly 51.4% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 144,641 VND per share, and 25 of the 26 models we run sit above the 43,000 VND price.
Bear case: the Asset-Based group reads lowest at 26,715 VND, and 1 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 56,388 VND (bear) to 131,489 VND (bull), the price of 43,000 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 2.0T VND · P/E ratio 5.6 · P/S ratio 0.53 · EPS (TTM) 7,745 VND · Dividend yield 10.7% · Net margin 9.5% · Return on equity 19.9% · Return on assets (EBIT) 12.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 106%, VFG screens cheaper than that median.
Fair Value models
Bear 56,388 VNDFair Value 88,549 VNDBull 131,489 VND
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (5,687 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.Evidence ⓘEvidence = 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.
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.
+26.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.6%
Dividend (yield on the price)10.7%
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).
+10.0%
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 +5.7% a year for the price.
Compare Viet Nam Fumigation JSC with another stock
Price, fair value, quality and upside side by side.
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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 · 180 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+105% · Top 25%
Profitability
Return on equity (TTM)20% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)9% · Top 25%
Operating margin (TTM)11% · Above median
Growth and dividend
Revenue growth5% · Below median
Dividend yield (TTM)10.7% · Top 25%
Valuation Multiplesvs Agricultural Inputs median · lower = cheaper
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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 Sep 24, 2026, our model estimates a fair value of 88,549 VND versus a price of 43,000 VND, about +106% upside (undervalued).
What is the fair value of VFG?
Our model-based fair value for Viet Nam Fumigation JSC is 88,549 VND (as of Sep 24, 2026), built from audited fundamentals. The current price: 43,000 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 88,549 VND (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 56,388 VND, optimistic scenario 131,489 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 88,549 VND, about +106% upside versus a price of 43,000 VND (undervalued). Cautious scenario 56,388 VND, optimistic scenario 131,489 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 3.6T VND (latest available figure, as of Sep 24, 2026).
Does Viet Nam Fumigation JSC pay a dividend?
Viet Nam Fumigation JSC currently shows a dividend yield of about 10.74% relative to its recent price (as of Sep 24, 2026).
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 +10.0 % 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 Sep 24, 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 +10.0 % per year a year over ten years, 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 +10.0 % per year free-cash-flow growth a 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 +0.0 % a year. That is the yardstick for the growth priced into Viet Nam Fumigation JSC (+10.0 % per year a 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 6.62 %: 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 88,549 VND per share (as of Sep 24, 2026), against a price of 43,000 VND. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Viet Nam Fumigation JSC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, VFG trades below its calculated fair value: price 43,000 VND, fair value 88,549 VND, a gap of about +106% (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 (43,000 VND); the fair value is what the company's own numbers justify (88,549 VND). For Viet Nam Fumigation JSC the two are 45,549 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 2.0T VND (market capitalisation, as of Sep 24, 2026). Per share that is 43,000 VND; our models calculate a fair value of 88,549 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 56,388 VND, base 88,549 VND, optimistic 131,489 VND per share (as of Sep 24, 2026, price 43,000 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 5.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 88,549 VND is built from several models across several years. Other multiples: P/B 1.2, P/S 0.5, EV/EBITDA 2.9.
How solid is the balance sheet of Viet Nam Fumigation JSC (VFG)?
Balance-sheet figures for Viet Nam Fumigation JSC (as of Sep 24, 2026): return on equity 19.9%. 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 43,000 VND, about 21% below its 52-week high of 54,747 VND and at the low of 43,000 VND (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 88,549 VND is for.
Which stocks are comparable to Viet Nam Fumigation JSC?
From the same area (Basic Materials) we also value Corteva, Inc, Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, 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 Sep 24, 2026: price 43,000 VND, calculated fair value 88,549 VND (+106%), 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 88,549 VND, 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 13.2 % above its aggregate fair value. Viet Nam Fumigation JSC currently trades 106 % 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 Sep 24, 2026 was 43,000 VND. Our model-based fair value is 88,549 VND, about +106% 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 (56,388 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 (56,388 VND to 131,489 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 2.0T VND. 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 0.53 (P/E × margin). 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 7,745 VND (price ÷ EPS = P/E 5.6). 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 10.7% (payout 59.6%). 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 9.5% (fiscal year 2025). 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 19.9% (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 10.9% (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 +5.0% 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 +2.2% 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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