HPG.VN
Full HouseHoa Phat Group Joint Stock Company · Basic Materials · Vietnam · $7.1B cap · $16.5M/day traded
VND 21,500 +0.0% · close 6 Nov · scored 7 Nov
Full House: Strong business, sensible price, and the market agrees.
As of 7 Nov 2026, the MoatMap Score for Hoa Phat Group Joint Stock Company (HPG.VN) is 92/100, ranked against 25,000+ stocks in 38 markets (Quality 65, Value 72, Momentum 59, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT HOA PHAT GROUP JOINT STOCK COMPANY
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Hoa Phat Group Joint Stock Company produces and sells steel products in Vietnam. It engages in financial investments; integrated investment in construction; exploration and exploitation of minerals, metal ores, sand, stones, and gravel; production of cast iron, steel, structural metal products,...
FINANCIAL SUMMARY (VND)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 141.4T | 119.0T | 138.9T | 156.1T | 3.4% | 215.6T | 193.0T | 236.8T | 23.1% |
| EPS (VND) | 1,000 | 761.36 | 1,368 | 1,794 | 21.5% | 3,193 | 2,329 | 3,107 | 31.6% |
| Shares | 8.4B | 8.4B | 8.4B | 8.4B | -0.0% | 8.4B | — | — | — |
| Debt | 57.9T | 65.4T | 83.0T | 92.2T | 16.8% | 105.3T | — | — | — |
| Equity | 96.0T | 102.8T | 114.4T | 129.2T | 10.4% | — | — | — | — |
| Op CF | 12.3T | 8.6T | 6.6T | 17.4T | 12.3% | 29.4T | — | — | — |
| Inv CF | -24.6T | -12.0T | -29.8T | -25.8T | — | — | — | — | — |
| Fin CF | -1.8T | 7.3T | 17.8T | 9.9T | — | — | — | — | — |
No new 52-week low for 5 weeks, 10% above that low, but not back above a rising 50-day average.
The Momentum score still reads 59: it looks back six months, so it has not caught up with this fall.
Calmer than 82% of stocks we rank over the past year (volatility 25% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of HPG.VN are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| HPG.VN | Hoa Phat Group Joint Stock Company(you) | $7.1B | 92 |
| HSG.VN | Hoa Sen Group | $347M | 72 |
| NKG.VN | Nam Kim Steel Joint Stock Company | $240M | 49 |
| GVR.VN | Vietnam Rubber Group - Joint Stock Company | $4.7B | 81 |
| DCM.VN | Petrovietnam Camau Fertilizer Corporation | $668M | 90 |
| DPM.VN | PetroVietnam Fertilizer and Chemicals Corporation | $520M | 81 |
| HT1.VN | VICEM Ha Tien Cement Joint Stock Company | $193M | 92 |
| DGC.VN | Duc Giang Chemicals Group Joint Stock Company | $494M | 73 |
| BFC.VN | Binh Dien Fertilizer Joint Stock Company | $128M | 92 |
| DHC.VN | Dong Hai Joint Stock Company of Ben Tre | $150M | 99 |
Peer medians: ROE 13.5% · P/E 10.8x · Gross margin 15.9%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.