What is the intrinsic value of ND2.VN?

As of 2025-07-10, the Intrinsic Value of North Electrictiy Development and Investment JSC No2 (ND2.VN) is 52,378.68 VND. This ND2.VN valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 38,000.00 VND, the upside of North Electrictiy Development and Investment JSC No2 is 37.80%.

The range of the Intrinsic Value is 39,012.70 - 76,624.99 VND

Is ND2.VN undervalued or overvalued?

Based on its market price of 38,000.00 VND and our intrinsic valuation, North Electrictiy Development and Investment JSC No2 (ND2.VN) is undervalued by 37.80%.

	Range	Selected	Upside
a
DCF (Growth 5y)	39,012.70 - 76,624.99	52,378.68	37.8%
DCF (Growth 10y)	46,994.17 - 89,113.64	62,029.21	63.2%
DCF (EBITDA 5y)	29,281.50 - 35,331.39	32,042.79	-15.7%
DCF (EBITDA 10y)	39,085.63 - 50,515.97	44,282.15	16.5%
Fair Value	61,048.55 - 61,048.55	61,048.55	60.65%
P/E	32,133.93 - 39,528.59	35,759.59	-5.9%
EV/EBITDA	20,490.79 - 39,376.05	32,697.11	-14.0%
EPV	56,986.47 - 87,852.43	72,419.48	90.6%
DDM - Stable	25,137.58 - 53,671.80	39,404.68	3.7%
DDM - Multi	31,180.46 - 50,614.63	38,490.10	1.3%