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Consumer sector

MPY

Consumer
Công ty Cổ phần Môi trường đô thị Phú Yên
Hàng & Dịch vụ Công nghiệp/Tư vấn & Hỗ trợ Kinh doanhCT
11.000
VND · Last close
Valuation Verdict
Undervalued
Low
-120%Fair Value+120%
Intrinsic Value
32.624
Current
11.000
Gap
+196.6%
ModelFCF DCF

Valuation Breakdown

CTHàng & Dịch vụ Công nghiệpConsumer
Classified as consumer because ICB sector "Hàng & Dịch vụ Công nghiệp" 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
1.000
x
ERP
4.25%
+
CRP
2.75%
=
Cost of Equity (Ke)
11.50%
Ke
11.50%
x
E/(D+E)
67.44%
+
Kd(1-t)
6.34%
x
D/(D+E)
32.56%
=
WACC
10.00%
2
Growth Estimate
fundamental firm blend4.30%
Growth decays 10%/yr toward terminal
3
Model Inputs
Base FCF10.57B
Projection years10
4
Valuation
Base FCF
10.57B
Growth Rate
4.30%
WACC
10.00%
Terminal Growth
4.00%
DCF Value
32.624
Value Decomposition
43%
57%
Explicit period (43%)Terminal value (57%)

Valuation Track Record

Retroactive intrinsic value vs actual close price — MPY

Earnings Quality

Fiscal year 2024

88
Good
Accrual Quality
73
Cash Conversion
100
Receivables
100
Margin Stability
100
Revenue Quality
62

Financial Forensics

Beneish M-Score · 2024

-2.95
Low Risk
DSRI
0.678
GMI
0.948
AQI
1.144
SGI
1.061
DEPI
0.863
SGAI
1.024
TATA
-0.068
LVGI
0.773

MPY exhibits a Beneish M-Score of -2.952, indicating a low likelihood of earnings manipulation. The company also demonstrates strong earnings quality metrics, particularly in cash conversion and receivables management, suggesting robust operational performance.

Positive Signals
  • Earnings Quality Score of 87.5/100 indicates strong overall earnings quality.
  • High cash conversion score of 100.0/100 suggests excellent operational efficiency.
Ownership Risk

The ownership structure is heavily dominated by the state with 91.3% held by Ủy Ban Nhân Dân Tỉnh Phú Yên, which may limit minority shareholder influence but also provides stability.

Recommendation

Investors should consider MPY as a stable investment given its strong earnings quality and low risk of manipulation, but remain vigilant about potential governance issues due to concentrated ownership.

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

Quantitative Scores

F-Score
7/9
Strong
Z-Score
3.80
Safe Zone
Sharpe
0.82
Positive
Composite
76
Strong
Price Risk
Momentum
+0.0%
Volatility
26.0%
Max Drawdown
-1.4%

Key Ratios

Fiscal year 2024
9.01P/E
P/B0.58
P/S0.22
ROE11.7%
ROA7.9%
EPS1390.56
BVPS11996.32
Gross Margin14.2%
Net Margin4.4%
D/E0.39
Current Ratio2.92
Rev Growth6.1%
Profit Growth5.0%
EV/EBITDA1.93
Div Yield8.6%

Company Overview

Issued Shares
6.1M
Charter Capital
61.4B VND
Sector (ICB L2)
Hàng & Dịch vụ Công nghiệp
Industry (ICB L3)
Tư vấn & Hỗ trợ Kinh doanh
Sub-industry
Chất thải & Môi trường
Company Type
CT

// OWNERSHIP_NETWORK

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

Shareholders
Ủy Ban Nhân Dân Tỉnh Phú Yên
State
91.3%
5.6 trieu
Đỗ Thị Ngọc Huyền
Indiv
0.4%
26.700
Trần Minh Hoàng
Indiv
0.4%
24.200
Huỳnh Kim Toàn
Indiv
0.3%
17.200
Nguyễn Mạnh Hùng
Indiv
0.3%
15.400
Nguyễn Thị Tiện
Indiv
0.2%
14.100
Ngô Thị Bích Trâm
Indiv
0.2%
14.100
Đỗ Văn Sung
Indiv
0.1%
9.700
Nguyễn Thị Minh Tuyền
Indiv
0.1%
8.000
Huỳnh Kim Quốc
Indiv
0.1%
6.000
Board & Management
Trần Minh Hoàng0.4%
Thành viên Hội đồng Quản trị/Giám đốc
Nguyễn Mạnh Hùng0.3%
Phó Giám đốc
Nguyễn Thị Tiến0.2%
Trưởng Ban kiểm soát
Đỗ Văn Sung0.1%
Chủ tịch Hội đồng Quản trị
Nguyễn Quang Nguyên
Phó Giám đốc/Thành viên Hội đồng Quản trị
Phan Trọng Thư
Kế toán trưởng
Nguyễn Hoài Thu
Phụ trách Công bố thông tin/Thành viên Ban kiểm soát
Trần Thị Nhung
Trưởng phòng Tài chính - Kế toán
Phạm Quốc Duy
Phó Giám đốc
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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