GPC

Consumer

Công ty Cổ phần Tập đoàn Green+

Y tế/Dược phẩmCT

2.000

VND · Last close

Valuation Verdict

Undervalued

Low

-120%Fair Value+120%

Intrinsic Value

5.436

Current

2.000

Gap

+171.8%

ModelFCF DCF

Valuation Breakdown

CT→Y tế→Consumer

Classified as consumer because ICB sector "Y tế" maps to the consumer group

ModelFCF-Based DCF

Value = Sum of [FCF / (1+WACC)^t] + Terminal Value / (1+WACC)^n

A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.

Distressed Valuation

Negative Intrinsic Value

BVPS

10.872

Discount

50%

Floor Value

10.872

Valuation Track Record

Retroactive intrinsic value vs actual close price — GPC

Earnings Quality

Fiscal year 2025

Weak

Accrual QualityLow accruals vs reported earnings

Cash ConversionOperating cash flow vs net income

ReceivablesDSO trend vs revenue growth

100

Margin StabilityConsistency of profit margins

Revenue QualityConsistency of revenue growth

Financial Forensics

Beneish M-Score · 2025

-1.71

Elevated

DSRI

0.549

GMI

0.922

AQI

1.005

SGI

1.896

DEPI

0.946

SGAI

0.602

TATA

0.058

LVGI

0.721

The Beneish M-Score of -1.7079 is just above the manipulation threshold, suggesting potential earnings manipulation. Additionally, the earnings quality score of 39.2 indicates significant weaknesses in cash conversion and revenue recognition, which are critical in assessing the company's financial health.

Red Flags

Earnings Quality Score of 39.2/100 reflects poor cash conversion (0.0/100) and revenue recognition (0.0/100), indicating potential financial misrepresentation.
SGI at 1.8965 suggests aggressive growth that may not be supported by actual revenue, raising concerns about sustainability.

Positive Signals

DSRI at 0.5493 indicates that the company is managing its inventory well relative to sales, which is a positive operational signal.
Receivables quality score of 100.0/100 suggests effective management of receivables, indicating strong collection practices.

Ownership Risk

The top shareholders are individuals, with the largest holding at 28.9%, indicating a concentrated ownership structure that may lead to governance risks and potential conflicts of interest.

Recommendation

Investors should closely monitor GPC's financial disclosures and consider conducting further due diligence on the sustainability of its growth metrics before making investment decisions.

Generated by AI based on quantitative data. Not financial advice.

Quantitative Scores

F-Score

6/9

Neutral

Z-Score

1.53

Distress Zone

Sharpe

-0.76

Negative

Composite

Weak

Price Risk

Momentum

-20.7%

Volatility

54.2%

Max Drawdown

-38.7%

Key Ratios

Fiscal year 2025

29.07P/E

P/B0.21

P/S0.81

ROE0.7%

ROA0.6%

EPS78.99

BVPS10871.91

Gross Margin14.2%

Net Margin2.8%

D/E0.20

Current Ratio4.06

Rev Growth89.6%

Profit Growth-2.2%

EV/EBITDA28.52

Div Yield0.0%

Company Overview

Issued Shares

54.1M

Charter Capital

540.7B VND

Sector (ICB L2)

Y tế

Industry (ICB L3)

Dược phẩm

Sub-industry

Dược phẩm

Company Type

// OWNERSHIP_NETWORK

> mapping common ownership for GPC — hover nodes for intel, click to navigate

Shareholders

Đặng Đức Thành

Indiv

28.9%

15.6 trieu

Nguyễn Thị Thanh Loan

Indiv

14.4%

6.0 trieu

Đăng Bích Vân

Indiv

8.7%

4.7 trieu

Lâm Thị Diệu Hương

Indiv

1.3%

679.900

Đặng Bích Hồng

Indiv

1.0%

533.000

Đặng Đức Trung

Indiv

0.5%

260.000

nguyen-cong-thanh

Indiv

0.1%

78.000

Top connections

SJ128.9%MAS14.4%TPC14.4%HLA14.4%CIG14.4%

Computed 12/04/2026