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Vietnam Petroleum Transport Joint Stock Company (VIP) Fair Value & Analysis

Industrials · VN · Market cap 692B VND

VP Vietnam Petroleum Transport Joint Stock Company VIP · VN
Price9,900 VND
Fair Value21,305 VND
Upside+115.2%
Quality71/100
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Healthy Growth
Solidly profitable · 11.7% net margin
Low debt · generates free cash flow
9.90% dividend yield
Ranks above peers (9/14)
Narrow moat 41/100
Evidence: High Range 15,979 VND – 26,631 VND Share as image

Fair value as of: Jul 18, 2026

From 10 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 16,592 VND to 21,305 VND (+28.4%) since Jun 26, 2026. Share price −3.4% over the past month.

A solid business, screening 115% undervalued on our models.

What matters now

  • The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (15,979 VND). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

14,048 VND 3,732 VND Fair Value 21,305 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 3,732 VND – 14,048 VND · fair‑value band 15,979 VND – 26,631 VND · the 9,900 VND price screens below the 21,305 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Vietnam Petroleum Transport Joint Stock Company (VIP) currently trades at 9,900 VND, while our model-based Fair Value estimate is 21,305 VND, implying the stock looks roughly 115.2% undervalued today. The Quality Score stands at 71/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Vietnam Petroleum Transport Joint Stock Company generated revenue of 604B VND at a net margin of 11.7%. Revenue declined 2.5% year over year. It earns a return on equity of 5.5%. Net debt stands at 136B VND. Fundamentals as of Jul 18, 2026

Our scenario range runs from 15,979 VND (bear case) to 26,631 VND (bull case); at 9,900 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 31% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 115%, VIP 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
Growth DCF 19,480 VND 27,704 VND 40,506 VND 80
Residual Income 15,261 VND 16,065 VND 17,262 VND 76
Rev-Margin DCF 10,719 VND 15,330 VND 20,619 VND 74
All 10 models by family
DCF Models
Owner Earnings 25,818 VND 37,337 VND 56,232 VND 31
5Y P/E Exit 12,429 VND 17,932 VND 23,703 VND 38
10Y P/E Exit 14,541 VND 19,515 VND 24,683 VND 35
Earnings-Based
Graham-Dodd 8,522 VND 16,592 VND 20,750 VND 54
Multiples
P/E Multiple 12,219 VND 16,292 VND 20,365 VND 63
P/B Multiple 15,979 VND 21,305 VND 26,631 VND 55
Asset-Based
NCAV (Graham) 9,341 VND 12,517 VND 18,682 VND 50
Growth DCF
Growth DCF 19,480 VND 27,704 VND 40,506 VND 80
Rev-Margin DCF 10,719 VND 15,330 VND 20,619 VND 74
Economic Profit
Residual Income 15,261 VND 16,065 VND 17,262 VND 76

Widest divergence: DCF Models (19,515 VND) versus Asset-Based (12,517 VND). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 604B VND
Revenue growth (YoY) -2.5%
Net margin 11.7%
Return on equity 5.5%
Free cash flow 128B VND FY2025
P/E ratio 15.5
More key figures
Operating margin 5.6%
EPS (TTM) 738.72 VND
Dividend yield 9.9%
EPS growth (YoY) -40.8%
Net debt 136B VND FY2021

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 70 · Market factors (momentum, volatility) 41

Profitability 38
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 6
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

Vietnam Petroleum Transport Joint Stock Company, together with its subsidiaries, engages in the transportation of petroleum products in Vietnam and internationally. It operates through three segments: Transportation, Trading, and Other Operations.

Full company description

Vietnam Petroleum Transport Joint Stock Company, together with its subsidiaries, engages in the transportation of petroleum products in Vietnam and internationally. It operates through three segments: Transportation, Trading, and Other Operations. The company offers coastal and ocean transport services; maritime services; shipping and sea transport agency; cargo counting; and ship cleaning, as well as warehousing and bonded warehouse services. It also provides crew leasing services; supplying ships; ship brokerage and towing; cargo handling at seaports; customs declarations; and trades in petroleum, liquefied gases, petrochemical products, and equipment using liquefied gases. The company was formerly known as Waterway Petroleum Transport Company I and changed its name to Vietnam Petroleum Transport Joint Stock Company in September 2005. Vietnam Petroleum Transport Joint Stock Company was founded in 1980 and is headquartered in Hai Phong, Vietnam. Vietnam Petroleum Transport Joint Stock Company is a subsidiary of Petrolimex Tanker Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vietnam Petroleum Transport Joint Stock Company reported revenue of 607B VND in FY2025 versus 681B VND in FY2021, a compound −2.8%/yr. Reported net income was 85.8B VND in FY2025, compounding +69.1%/yr from FY2021.

Growth Quality 70/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
607B VND
Latest YoY
+6.6%
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.
−11.5%
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.
+3.3%
Avg. growth/yr (6Y) 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.
−0.6%
Revenue −2.8%/yr
FY21 681B VND
FY22 876B VND
FY23 550B VND
FY24 570B VND
FY25 607B VND
Net income +69.1%/yr
FY21 10.5B VND
FY22 248B VND
FY23 86.9B VND
FY24 92.9B VND
FY25 85.8B VND

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Cite: Fair Value Calculator (2026). "Vietnam Petroleum Transport Joint Stock Company Fair Value". https://www.fairvalue-calculator.com/stock/VIP

Peer Group

Marine Shipping · 231 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 71 · Top 25%
Fair Value upside +115% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 3% · Below median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth -3% · Below median
Dividend yield (TTM) 9.9% · Top 25%
Debt / equity 0.14× · Lower than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 13.7× · Pricier than median
P/B 0.54× · Cheaper than 75% of peers
P/S (TTM) 1.15× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 5.5× · 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 29
FUTURE 0 · sector 18
PAST 22 · sector 27
HEALTH 93 · sector 88
DIVIDEND 100 · sector 47

Insider activity: 42/100

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.

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Frequently asked questions

Is Vietnam Petroleum Transport Joint Stock Company (VIP) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 21,305 VND versus a price of 9,900 VND, about +115% (undervalued).
What is the fair value of VIP?
Our model-based fair value for Vietnam Petroleum Transport Joint Stock Company is 21,305 VND (as of Jul 18, 2026), built from audited fundamentals. The current price is 9,900 VND.
What is the quality score of VIP?
Vietnam Petroleum Transport Joint Stock Company has a Quality Score of 71/100. 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 Vietnam Petroleum Transport Joint Stock Company (VIP)?
Vietnam Petroleum Transport Joint Stock Company reported trailing-twelve-month revenue of about 604B VND (latest available figure, as of Jul 18, 2026).
What is the net profit margin of VIP?
The net profit margin of Vietnam Petroleum Transport Joint Stock Company is about 11.7%, meaning it keeps roughly 11.7% of revenue as net income. Based on the latest reported figures.
Does Vietnam Petroleum Transport Joint Stock Company pay a dividend?
Vietnam Petroleum Transport Joint Stock Company currently shows a dividend yield of about 9.90% relative to its recent price (as of Jul 18, 2026).

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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