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Consumer sector

MEF

Consumer
Công ty Cổ phần MEINFA
Y tế/Thiết bị và Dịch vụ Y tếCT
1.500
VND · Last close
Valuation Verdict
Undervalued
Very Low
-120%Fair Value+120%
Intrinsic Value
175.621
Current
1.500
Gap
+500.0%
ModelFCF DCF

Valuation Breakdown

CTY tếConsumer
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.

1
Weighted Avg Cost of Capital
Risk-Free (Rf)
4.50%
+
Betasector default
0.800
x
ERP
4.25%
+
CRP
2.75%
=
Cost of Equity (Ke)
10.10%
Ke
10.10%
x
E/(D+E)
78.44%
+
Kd(1-t)
6.28%
x
D/(D+E)
21.56%
=
WACC
10.00%
2
Growth Estimate
fundamental firm blend3.54%
Growth decays 10%/yr toward terminal
3
Model Inputs
Base FCF37.23B
Projection years10
4
Valuation
Base FCF
37.23B
Growth Rate
3.54%
WACC
10.00%
Terminal Growth
4.00%
DCF Value
175.621
Value Decomposition
43%
57%
Explicit period (43%)Terminal value (57%)

Valuation Track Record

Retroactive intrinsic value vs actual close price — MEF

Earnings Quality

Fiscal year 2024

78
Good
Accrual Quality
70
Cash Conversion
100
Receivables
100
Margin Stability
100
Revenue Quality
0

Financial Forensics

Beneish M-Score · 2024

-2.76
Low Risk
DSRI
0.863
GMI
0.979
AQI
1.121
SGI
1.170
DEPI
1.159
SGAI
0.965
TATA
-0.075
LVGI
1.059

The Beneish M-Score of -2.7605 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality score of 77.5 suggests some concerns, particularly with revenue recognition, which scored 0.0.

Red Flags
  • Earnings quality score of 0.0 in revenue indicates potential issues with revenue recognition practices.
  • The SGI of 1.1701 suggests aggressive growth, which may not be sustainable.
Positive Signals
  • The DSRI of 0.8630 indicates a lower risk of inventory-related manipulation.
  • High cash conversion score of 100.0 suggests strong cash flow generation capabilities.
Ownership Risk

The ownership structure is fragmented with no single shareholder holding a controlling stake, which may lead to governance challenges and potential conflicts of interest.

Recommendation

Investors should monitor revenue recognition practices closely and consider the sustainability of growth before making significant investments in MEF.

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

Quantitative Scores

F-Score
6/9
Neutral
Z-Score
2.91
Grey Zone
Sharpe
1.33
Excellent
Composite
91
Strong
Price Risk
Momentum
+38.1%
Volatility
53.0%
Max Drawdown
0.0%

Key Ratios

Fiscal year 2024
0.10P/E
P/B0.02
P/S0.01
ROE21.7%
ROA17.0%
EPS10632.49
BVPS51928.45
Gross Margin24.4%
Net Margin11.6%
D/E0.28
Current Ratio3.24
Rev Growth17.0%
Profit Growth26.4%
EV/EBITDA-1.21
Div Yield454.5%

Company Overview

Issued Shares
4.1M
Charter Capital
41.4B VND
Sector (ICB L2)
Y tế
Industry (ICB L3)
Thiết bị và Dịch vụ Y tế
Sub-industry
Dụng cụ y tế
Company Type
CT

// OWNERSHIP_NETWORK

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

Shareholders
Nguyễn Bá Hữu
Indiv
8.3%
307.865
Đinh Văn Vinh
Indiv
7.9%
327.545
Hà Văn Kỳ
Indiv
6.8%
251.700
nguyen-tat-truong
Indiv
6.2%
255.401
Phạm Văn Sáu
Indiv
6.0%
249.173
Chen Ji Fu
Indiv
5.3%
200.204
Trần Văn Hùng
Indiv
4.3%
176.585
Phạm Minh
Indiv
4.1%
168.918
Ngô Thị Dung
Indiv
2.4%
100.100
Phạm Bình
Indiv
2.1%
86.629
Đinh Thị Ngân
Indiv
1.7%
71.500
Đinh Thị Hương
Indiv
1.7%
71.500
Lê Thị Bằng
Indiv
1.4%
58.818
Trương Thị Thư
Indiv
1.2%
50.000
Dương Thị Thế
Indiv
1.2%
49.878
Đinh Thị Thu Hường
Indiv
1.2%
47.976
Dương Quang Dũng
Indiv
0.7%
27.705
Nguyễn Tất Hùng
Indiv
0.6%
24.900
Trần Hùng Tuấn
Indiv
0.6%
22.775
Nguyễn Thị Nghiêm
Indiv
0.5%
20.657
Đỗ Anh Quang
Indiv
0.4%
16.775
Đinh Xuân Quản
Indiv
0.3%
13.590
Phạm Thị Duyên
Indiv
0.2%
8.604
Trần Thị Bích Ngọc
Indiv
0.2%
8.604
Board & Management
Đinh Văn Vinh7.9%
Chủ tịch Hội đồng Quản trị
Nguyễn Tất Trường6.2%
Thành viên Hội đồng Quản trị
Phạm Văn Sáu6.0%
Phó Tổng Giám đốc/Thành viên Hội đồng Quản trị
Trần Văn Hùng4.3%
Tổng Giám đốc
Dương Quang Dũng0.7%
Thành viên Hội đồng Quản trị
Đinh Xuân Quản0.3%
Phụ trách Công bố thông tin
Trần Thị Bích Ngọc0.2%
Thành viên Ban kiểm soát
Phạm Thị Duyên0.2%
Trưởng Ban kiểm soát
Nguyễn Thị Hoàng Tâm
Thành viên Ban kiểm soát
Computed 12/04/2026
Methodology & Disclosure

vnvalue is a methodology engine — not an advisor. Every number is the deterministic output of a published formula applied to public financial data. Nothing on this page constitutes investment, financial, legal, or tax advice, nor a recommendation to buy, sell, or hold any security.

All data, models, and outputs are provided AS IS without warranty of any kind. You are solely responsible for your investment decisions. Past performance and historical valuations are not indicative of future results.

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