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VinaCapital Vietnam Opportunity Fund Limited (VOF) Fair Value & Analysis

Financial Services · GB · Market cap £550M

VV VinaCapital Vietnam Opportunity Fund Limited VOF · LSE
Price£4.59
Fair Value£1.70
Upside-62.9%
Quality70/100
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Evidence: Medium Range £1.56 – £1.91

Fair value as of: Jun 26, 2026

From 8 valuation models · updated 7 days ago

Share price +4.9% over the past month.

Price vs Fair Value (12 months)

£4.82 £4.12 Fair Value £1.70 Jul 2025 Jul 2026

12‑month range £4.12 – £4.82 · fair‑value band £1.56 – £1.91 · the £4.59 price screens above the £1.70 fair value. As of Jun 26, 2026.

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Analysis

VinaCapital Vietnam Opportunity Fund Limited (VOF) currently trades at £4.59, while our model-based Fair Value estimate is £1.70 — implying the stock looks roughly 62.9% overvalued today. We read business quality at 70/100 (solid quality), in the Financial Services 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: medium).

Over the trailing twelve months, VinaCapital Vietnam Opportunity Fund Limited generated revenue of £63.6M at a net margin of 60.1%. Revenue grew 227.1% year over year. It earns a return on equity of 3.6%. The balance sheet holds a net cash position of £48.3M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) £63.6M
Revenue growth (YoY) +227%
Net margin 60.1%
Return on equity 3.6%
Free cash flow £102M FY2025
Operating margin 84.2%
More key figures
EPS (TTM) £-0.2400
Dividend yield 3.2%
EPS growth (YoY) +390%
Net cash £48.3M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

VinaCapital Vietnam Opportunity Fund Limited specializes in growth equity investments. The fund seeks to invest 80 percent of its portfolio in private equity and 20 percent in equitization projects will be re-allocated to listed shares. The fund also makes private investments. It invests in stocks of companies operating across diversified sectors including consumer and healthcare to construction materials, real estate, financials, and supply chain. The fund invests in value stocks of companies having any market capitalization. It seeks to take minority stakes in the transaction. It prefers to invest in Vietnam.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

VinaCapital Vietnam Opportunity Fund Limited reported revenue of £136M in FY2025 versus £544M in FY2021, a compound −29.2%/yr. Reported net income was −£50.4M in FY2025.

Revenue −29.2%/yr
FY21 £544M
FY22 −£111M
FY23 −£10.4M
FY24 £77.1M
FY25 £136M
Net income
FY21 £541M
FY22 −£121M
FY23 −£15.0M
FY24 £72.9M
FY25 −£50.4M

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Frequently asked questions

Is VinaCapital Vietnam Opportunity Fund Limited (VOF) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £1.70 versus a price of £4.59 — about −63% (overvalued). Model-based estimate, not financial advice.
What is the fair value of VOF?
Our model-based fair value for VinaCapital Vietnam Opportunity Fund Limited is £1.70 (as of Jun 26, 2026), built from audited fundamentals. The current price is £4.59.
What is the quality score of VOF?
VinaCapital Vietnam Opportunity Fund Limited has a Quality Score of 70/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of VinaCapital Vietnam Opportunity Fund Limited (VOF)?
VinaCapital Vietnam Opportunity Fund Limited reported trailing-twelve-month revenue of about £63.6M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of VOF?
The net profit margin of VinaCapital Vietnam Opportunity Fund Limited is about 60.1%, meaning it keeps roughly 60.1% of revenue as net income. Based on the latest reported figures.
Does VinaCapital Vietnam Opportunity Fund Limited pay a dividend?
VinaCapital Vietnam Opportunity Fund Limited currently shows a dividend yield of about 3.24% relative to its recent price (as of Jun 26, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.