Van Phu Real Estate Development Joint Stock Company (VPI) Fair Value & Analysis
Real Estate · VN · Market cap 19.6T VND
Fair value as of: Jul 19, 2026
From 16 valuation models · updated 21 days ago
Share price +1.1% over the past month.
Below-average quality, and screening another 76% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (21,253 VND). The favourable scenario is already priced in.
- Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
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 26,748 VND – 65,000 VND · fair‑value band 15,093 VND – 21,253 VND · the 62,200 VND price screens above the 15,093 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.
Analysis
Van Phu Real Estate Development Joint Stock Company (VPI) currently trades at 62,200 VND, while our model-based Fair Value estimate is 15,093 VND, implying the stock looks roughly 75.7% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Real Estate 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, Van Phu Real Estate Development Joint Stock Company generated revenue of 2.0T VND at a net margin of 13.7%. Revenue grew 15.5% year over year. It earns a return on equity of 5.1%. Net debt stands at 5.6T VND. Fundamentals as of Jul 19, 2026
Our scenario range runs from 15,093 VND (bear case) to 21,253 VND (bull case); at 62,200 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 2% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -9% fair-value upside, at -76%, VPI screens richer 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.
All 16 models by family
Widest divergence: Growth Earnings (19,392 VND) versus Dividend Discount (4.08 VND). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 69
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
Van Phu Real Estate Development Joint Stock Company, together with its subsidiaries, operates as a real estate developer in Vietnam. It operates through Real Estate Business, Provision of Accommodation Services, and Other Activities segments.
Full company description
Van Phu Real Estate Development Joint Stock Company, together with its subsidiaries, operates as a real estate developer in Vietnam. It operates through Real Estate Business, Provision of Accommodation Services, and Other Activities segments. The company offers investment consulting, construction, and accommodation services; and real estate consulting, brokerage, and auction services. It also engages in the planning and implementation of urban real estate and resort projects; management and operation of real estate services; and real estate support services. The company was formerly known as Van Phu - Invest Investment Joint Stock Company and changed its name to Van Phu Real Estate Development Joint Stock Company in April 2025. Van Phu Real Estate Development Joint Stock Company was founded in 2003 and is headquartered in Hanoi, Vietnam.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Van Phu Real Estate Development Joint Stock Company reported revenue of 2.0T VND in FY2025 versus 2.6T VND in FY2021, a compound −6.7%/yr. Reported net income was 391B VND in FY2025, compounding +2.9%/yr from FY2021.
VPI screens 76% overvalued. Compare with Vingroup Joint Stock Company →
Peer Group
Real Estate Services · 521 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.
Valuation Multiples vs Real Estate Services median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vingroup Joint Stock Company VIC | 223,000 VND | 25,731 VND | -88% |
| KE Holdings 2423 | HK$44.76 | HK$18.03 | -60% |
| Swire Properties Limited 1972 | HK$23.90 | HK$18.75 | -22% |
| China Resources Mixc Lifestyle Services Limited 1209 | HK$39.92 | HK$34.92 | -13% |
| Plaza S.A MALLPLAZA | 3,725 CLP | 5,571 CLP | +50% |
| SAGAA SAGAA | kr 170.00 | kr 75.55 | -56% |
| Cencosud Shopping S.A CENCOMALLS | 2,324 CLP | 2,976 CLP | +28% |
| PT Sarana Menara Nusantara Tbk. owns and TOWR | 372.00 IDR | 1,208 IDR | +225% |
| PT Metropolitan Kentjana Tbk MKPI | 20,975 IDR | 19,160 IDR | -9% |
| PT Bangun Kosambi Sukses Tbk, CBDK | 3,530 IDR | 3,464 IDR | -2% |
Compare Van Phu Real Estate Development Joint Stock Company with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Real Estate stocks →
Frequently asked questions
Is Van Phu Real Estate Development Joint Stock Company (VPI) overvalued or undervalued?
What is the fair value of VPI?
What is the quality score of VPI?
What is the revenue of Van Phu Real Estate Development Joint Stock Company (VPI)?
What is the net profit margin of VPI?
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.
Track Van Phu Real Estate Development Joint Stock Company and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.