VNEquity Research

UPCOM · Software & IT Services

VNZ VNG Corporation

CONG TY CP VNG

Persisted research state: NONE. Research is shown only when it is backed by persisted evidence and calculations.

Browse opportunity signals Open screener

At a glance

Company at a glance

Persisted, canonical facts only. A value that is not recorded is shown as unavailable and is never estimated, substituted or shown as zero.

CompanyVNG Corporation
TickerVNZ
ExchangeUPCOM
IndustrySoftware & IT Services
Research stateNo research available NO_RESEARCH
Research certificationNo certified research
Matched opportunity conditions4 of 5
Latest screening snapshot2026-09-25T11:57:01.907327+00:00
Latest market price2026-09-24T00:00:00+00:00
Latest fundamental period2026-06-30
Latest research reportUnavailable
Evidence records106
Source documents6

Certification reflects the repository's internal approval record on the latest persisted report. It describes publication status and provenance; it is not a rating, a forecast or investment advice.

Deterministic discovery

Opportunity signals

Browse opportunity signals

4 of 5 versioned P7D V1 conditions matched at evaluation time. Every condition is either matched, unmatched, or refused when the required evidence is missing, stale or not applicable. These are deterministic screening conditions, not investment recommendations.

Modeled history. Historical valuation availability is modeled from reporting-lag assumptions and is not point-in-time certified.

Full five-rule trace (P7D_RULES_V1)

Fundamental improvement FUNDAMENTAL_IMPROVEMENT

MATCHED

Revenue growth 17.48% and parent PAT growth 75.63% are both above 0%, and P/E 35.0601 confirms positive trailing parent earnings.

Magnitude: 17.48%

  • Growth compares the latest two compatible full years.
  • Growth is historical, not forecast growth.
  • Parent PAT growth uses the repository's existing denominator semantics: the latest full-year PARENT_PAT versus the prior full-year PARENT_PAT.
Observations (4)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
revenue_growth 17.48% OK latest compatible full year
pat_growth 75.63% OK latest compatible full year
pe_ttm 35.0601x OK TTM 2026-06-30 · CURRENT
Thresholds
growth min percent
0
pe positive
yes
market current max hours
72.0

Cash-flow strength CASH_FLOW_STRENGTH

MATCHED

FCF Proxy Yield 18.8317% is above 0% with a positive P/E of 35.0601.

Magnitude: 18.8317%

  • FCF Proxy Yield is a screening proxy: trailing-twelve-month operating cash flow less reported cash capital expenditure over market capitalization.
Observations (3)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
fcf_proxy_yield 18.8317% OK TTM 2025-12-31 / TTM 2025-12-31 · CURRENT
pe_ttm 35.0601x OK TTM 2026-06-30 · CURRENT
Thresholds
fcf proxy yield min percent
0
pe positive
yes
financial applicability
NON_FINANCIAL_ONLY
market current max hours
72.0

Quality at a reasonable valuation QUALITY_AT_REASONABLE_VALUATION

MATCHED

PAT margin 15.1246% is positive, operating margin 17.3101% is at least 5%, and P/E 35.0601 is within (0, 40].

Magnitude: 17.3101%

  • Operating and PAT margins are not cross-sector comparable in this screening phase.
Observations (4)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
pat_margin 15.1246% OK QUARTER 2026-06-30 · CURRENT
operating_margin 17.3101% OK QUARTER 2026-06-30 · CURRENT
pe_ttm 35.0601x OK TTM 2026-06-30 · CURRENT
Thresholds
pat margin min percent
0
operating margin min percent
5
pe min exclusive
0
pe max inclusive
40
market current max hours
72.0

Valuation dislocation VALUATION_DISLOCATION

REFUSED

Historical valuation is unavailable for this company; no cross-sectional approximation is used.

Refused: MEDIAN_UNAVAILABLE

Historical certification: NON_CERTIFIED_MODELED_AVAILABILITY — modeled, not point-in-time certified

  • Historical valuation availability is modeled from reporting-lag assumptions and is not point-in-time certified.
Observations (6)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
historical_pe_percentile 3.5% OK — · CURRENT
historical_premium_discount — REFUSED · MEDIAN_UNAVAILABLE — · CURRENT
historical_signal UNAVAILABLE OK — · CURRENT
pe_ttm 35.0601x OK TTM 2026-06-30 · CURRENT
historical_certification NON_CERTIFIED_MODELED_AVAILABILITY OK —
Thresholds
historical percentile max
25
historical signals
BELOW_HISTORY, DEEPLY_BELOW_HISTORY
historical premium discount max exclusive
0
pe positive
yes
market current max hours
72.0

Research gap RESEARCH_GAP

MATCHED

No meaningful persisted research exists while at least one quantitative signal matched (FUNDAMENTAL_IMPROVEMENT, CASH_FLOW_STRENGTH, QUALITY_AT_REASONABLE_VALUATION). This is a research-coverage observation, not a recommendation.

Observations (1)
InputValueStatusPeriod / freshness
research_state NONE OK — · MISSING
Thresholds
research gap states
NONE, INSUFFICIENT
requires quantitative signal
yes

Rules version P7D_RULES_V1 · snapshot built 2026-09-25 11:57:01.907327+00:00 · market freshness CURRENT · persisted research state NONE. These are deterministic screening conditions over persisted evidence, not investment recommendations, forecasts, ratings or advice.

Canonical snapshot

Screening metrics

Open screener

Values come from the persisted screening snapshot and are never recomputed in the browser. UNKNOWN or refused inputs show as “—” with their canonical reason and are never displayed as zero. OCF/PAT is expressed as a percentage of PAT (100 means 100% of PAT).

P/E (TTM, parent)35.0601x
P/B (parent equity)18.3688x
Revenue growth (latest compatible FY)17.48%
Parent PAT growth (latest compatible FY)75.63%
Operating margin (latest compatible period)17.3101%
PAT margin (latest compatible period)15.1246%
FCF Proxy Yield (TTM)18.8317%
OCF / PAT (latest compatible period)4596.4805%
Market freshnessCURRENT price 2026-09-24T00:00:00+00:00
Fundamental periodthrough 2026-06-30 freshness CURRENT
Snapshot built at2026-09-25T11:57:01.907327+00:00 01a09a7b-ed8c-7c40-9fd5-ddbca5cb8e04
Persisted research stateNONE MISSING
Historical valuation signalUNAVAILABLE available

Snapshot refusal reasons: HISTORICAL_VALUATION_NOT_REQUESTED; TTM_DIVIDENDS_UNAVAILABLE

Authenticated

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Valuation snapshot

ssi-iboard · UPCOM · 2026-09-24T00:00:00+00:00 · retrieved 2026-09-24T11:52:04.699380+00:00 · share basis: unavailable

Price550100.000000000000 VND
Shares outstanding—
Market cap16352528396500.000000000000
Market capitalization16352528396500.0000
Earnings yield (TTM, parent)2.8522%
P/E (TTM, parent)35.0601x
P/B (parent equity)18.3688x
Dividend yield (trailing cash DPS)— DIVIDEND_PER_SHARE_UNAVAILABLE
Cash distribution yield (proxy)— TTM_DIVIDENDS_UNAVAILABLE
FCF Proxy Yield (TTM)18.8317%
Enterprise value— TOTAL_DEBT_UNAVAILABLE
EV/Sales (TTM)— TOTAL_DEBT_UNAVAILABLE
EV/EBIT (TTM)— TOTAL_DEBT_UNAVAILABLE
Net cash / (net debt)— TOTAL_DEBT_UNAVAILABLE
EV/EBITDA— EBITDA_NOT_REPORTED_OR_DEBT_INCOMPLETE
Historical P/E range— HISTORICAL_PRICE_HISTORY_UNAVAILABLE

Deterministic Bull / Base / Bear

CaseAssumptionsTarget multiple rationaleImplied value / shareUpside / downside
Bull
  • TTM revenue growth of 5.00%
  • TTM parent PAT margin of 4.90%
  • target P/E of 38.6x
ANALYST_ASSUMPTION
current TTM P/E +10% sensitivity, rounded to 0.1x		799007.274645.2476%
Base
  • TTM revenue growth of 0.00%
  • TTM parent PAT margin of 3.90%
  • target P/E of 35.1x
CURRENT_MULTIPLE
current TTM parent-attributable P/E, rounded to 0.1x		550743.99830.1171%
Bear
  • TTM revenue growth of -5.00%
  • TTM parent PAT margin of 2.90%
  • target P/E of 31.6x
ANALYST_ASSUMPTION
current TTM P/E -10% sensitivity, rounded to 0.1x		350256.9289-36.3285%

Historical valuation

Point-in-time P/E uses only periods available on each trade date (publication-dated or lag-modeled); no negative earnings produce an observation.

Current P/E35.06x
1Y median P/E— INSUFFICIENT_OBSERVATIONS (86 < 120)
3Y median P/E— INSUFFICIENT_OBSERVATIONS (86 < 120)
5Y median P/E— INSUFFICIENT_OBSERVATIONS (86 < 120)
25th / 75th percentile P/E39.04 / 734.06
Min / max P/E35.69 / 990.13 (raw 35.69 / 990.13)
Percentile rank0.0%
Premium / discount to median— UNAVAILABLE
SignalUNAVAILABLE INSUFFICIENT_HISTORICAL_OBSERVATIONS (86 < 120)
CertificationNON_CERTIFIED_MODELED_AVAILABILITY 86 observations use REPORT_LAG_MODEL
P/B history— PARENT_EQUITY_HISTORY_UNAVAILABLE
Dividend-yield history— DIVIDEND_PER_SHARE_HISTORY_UNAVAILABLE

P/E range 35.69x – 990.13x over stored observations.

Historical availability may be modeled from reporting-lag assumptions (NON_CERTIFIED_MODELED_AVAILABILITY). Modeled availability is labelled and is never point-in-time certified.

Notes: PROVIDER_SELECTED: dnse-chart ({'dnse-chart': 858} bars); ADJUSTMENT_UNKNOWN: adjusted=False, adjustment_basis=UNKNOWN; HISTORICAL_PE_UNIT_MISMATCH: 2 observation(s) outside 0.1-1000 P/E excluded

Peer comparison

EXACT_INDUSTRY · Exact primary-industry and exchange match. · 1 compatible peer(s)

TickerPriceMarket capP/EP/BRevenue growthPAT growthMarginsFCF proxy yieldPremium / discount to peer median
CMT ECONOMIC_SIZE_MISMATCH 10400.000000000000 VND 83200000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE 15.56% 0.66% 1.98% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
FOC 61100.000000000000 VND 1128594902500.000000000000 VND 6.55x 1.46x 14.24% 18.08% 19.49% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
HPT ECONOMIC_SIZE_MISMATCH 27000.000000000000 VND 311642613000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.70x 67.05% 13.13% 1.95% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
ONW ECONOMIC_SIZE_MISMATCH 6000.000000000000 VND 33000000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 11.33x -20.92% 528.06% 12.25% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
PAI ECONOMIC_SIZE_MISMATCH 12100.000000000000 VND 51247009000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.05x -28.80% -5.52% 5.36% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
SRB ECONOMIC_SIZE_MISMATCH 1300.000000000000 VND 11050000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.29x 4.80% -97.13% 0.25% — TTM_OCF_OR_CAPEX_UNAVAILABLE —

Peer median P/E: — INSUFFICIENT_COMPATIBLE_PEERS (1 compatible observations, 5 excluded)

Excluded: CMG (NO_COMPATIBLE_CLASSIFICATION); ELC (NO_COMPATIBLE_CLASSIFICATION); FPT (NO_COMPATIBLE_CLASSIFICATION); PIA (NO_COMPATIBLE_CLASSIFICATION)

comparison inputs, not causal conclusions: revenue_growth_percent, pat_growth_percent, net_margin_percent, price_to_book

NO RESEARCH YET

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