OCH

Công ty Cổ phần One Capital Hospitality

VietnamConsumerThực phẩm và đồ uốngSản xuất thực phẩmHNXCT

7.000

VND · Close 2 Nov 2026

Calibrated intrinsic value vs last close

Illustrative estimate

Close below calibrated value

+6.8%Calibrated value vs last close

−50%At last close+100%+500%

Last close (VND): 7.000
Calibrated intrinsic value (VND): 7.477

Last close × (1 + calibrated gap / 100)

Earnings-capitalised value

Not available: the company reported a loss last year or its shares have too short a price history.

How it is calculated

1
Measure the gap
Between the model and the last close.
2
Check the record2015–2024
What gaps of that size went on to earn over the following year.
3
Apply to the close
That return is applied to the last close.

Keep in mind

For illustration only: not a validated forecast.
No uncertainty range: the estimate is a single figure.
Older record: it has not been re-measured on the current data.

Also note

Trading liquidity is low.

Comparison assessed 3 Nov 2026Valid through 2 Dec 2026

Model reliability: Medium; Model fitInput stabilityRisk checks; High requires the model’s diagnostic criteria to be met.
Probability of outperforming peers: 47.1%; 12 monthsHistorical calibration; Chance the return beats the median return of its sector peers.

Assessed 30 Oct 2026Not updated with daily prices

These assessments address different questions. Neither establishes that the displayed valuation is correct or guarantees a future return.

12-month sector-relative outlook

−2.6percentage points

Consumer12 monthsBack-test 2015–2024

Median 12-month return difference versus Consumer peers, for model gaps like this one.

Not an absolute return forecast.
Not a price target.
A stock can underperform its sector and still rise.

Computed 30 Oct 2026Not updated with daily prices

Sector calibration span · percentage points

−9.5+5.5

The sector’s historical range, not a prediction interval for this stock.
Actual returns can fall outside it.

Published filingsValued 30 Oct 2026Anchored to close on 2 Nov 2026Recalculated when the displayed close changes.

Valuation Breakdown

CT→Thực phẩm và đồ uống→Consumer

Classified as consumer because ICB sector “Thực phẩm và đồ uống” maps to the consumer group.

ModelFCF-Based DCF

Intrinsic = 70% x DCF Value + 30% x (Fair P/E x EPS)

A Discounted Cash Flow model built on Free Cash Flow (FCF), the cash a business generates after operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted to today's value using WACC. The DCF value is blended 70/30 with a value from the company's own historical P/E.

Technical details

Why this model

Consumer staples/retail generate steady, predictable free cash flows, making them ideal for DCF. The time value of money principle means a dollar today is worth more than a dollar tomorrow. DCF captures this by discounting future cash flows at a rate reflecting the investment's risk (WACC).

How it works

Takes 3-year median FCF as the base. Estimates growth via ROIC x reinvestment rate (Damodaran framework), falling back to historical revenue growth. Projects 10 years with decay toward the sector's long-run growth rate. Discounts at CAPM-derived WACC. Blends 70% of the DCF value with 30% of a P/E value: the company's 5-year median P/E, held between 5x and 25x, times EPS.

Best for

Stable consumer businesses (food, beverage, retail, healthcare) with predictable, positive free cash flows.

Weighted Avg Cost of Capital

Risk-Free (Rf)

4.36%

Betasector default

0.764

ERP

4.38%

CRP

2.75%

Cost of Equity (Ke)

10.46%

E/(D+E)

57.32%

Kd(1-t)

6.49%

D/(D+E)

42.68%

WACC

10.00%

Growth Estimate

historical blend4.33%

Growth decays 10%/yr toward terminal

Model Inputs

Base FCF→214.12B

Projection years→10

Valuation

We take the model’s gap to the last close, read what gaps of that size went on to earn over the following year in our 2015 to 2024 record, and apply that to the last close.

Last close (VND)→7.000

Calibrated value vs last close→+6.8%

Last close × (1 + calibrated gap / 100)

Calibrated intrinsic value (VND)

7.477

What feeds each step— click a source to highlight it in the statements

Discount rate (WACC)10.00%

Growth rate4.33%growth method: historical blend

Base cash flow214.1 tỷone off strip ratio: 0

DCF Sensitivity

Illustrative calibrated values from the standalone DCF scenarios below, anchored to the same last close. These scenarios leave out the other parts of a blended model and do not reproduce the headline value.

WACC \ Growth	1.3%	2.8%	4.3%	5.8%	7.3%
8.0%	7.847	7.847	7.847	7.847	8.174
9.0%	7.830	7.830	7.830	7.830	7.830
10.0%	7.477	7.477	7.830	7.830	7.830
11.0%	7.477	7.477	7.477	7.477	7.477
12.0%	7.477	7.477	7.477	7.477	7.477

Above market priceBelow market priceCurrent estimate

OCH among Consumer

Every stock in the sector, OCH marked: calibrated gap vs close across, market value up, model reliability into the board

Each bead is one valued stock in the sector; the amber bead with its stem is OCH. Drag to turn; open another stock from its bead.

Feeds valuation:Cost of capitalGrowthModel inputsFinal calculation

Line item	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
CURRENT ASSETS (Bn. VND)	·	576	629	552	1,107	1,000	1,602	1,477	1,534	1,511	1,457	1,444	1,275	1,744	·	·
Cash and cash equivalents (Bn. VND)Net debt bridge	·	92	170	168	705	145	276	195	291	267	182	143	88	96	·	·
Short-term investments (Bn. VND)Net debt bridge	·	28	26	44	8	303	258	204	121	68	15	53	397	435	·	·
Accounts receivable (Bn. VND)	·	286	186	95	222	367	801	788	854	897	960	989	404	914	·	·
Prepayments to suppliers (Bn. VND)	·	52	67	64	167	261	373	336	239	242	281	275	233	130	·	·
Net Inventories	·	152	229	226	153	166	249	262	248	251	277	235	255	262	·	·
Inventories, Net (Bn. VND)	·	152	331	328	256	268	249	262	248	251	277	235	255	262	·	·
Other current assets	·	18	18	18	19	20	18	28	20	27	24	25	130	37	·	·
Other current assets (Bn. VND)	·	0	0	0	0	0	0	0	0	0	0	0	98	22	·	·
LONG-TERM ASSETS (Bn. VND)	·	3,211	3,225	3,582	1,191	1,216	1,107	1,651	1,766	1,825	1,932	1,860	2,171	2,096	·	·
Long-term trade receivables (Bn. VND)	·	111	203	500	79	58	2	2	2	1	2	8	6	606	·	·
Other long-term receivables (Bn. VND)	·	111	173	468	27	30	0	8	8	507	508	508	506	606	·	·
Fixed assets (Bn. VND)	·	516	483	513	671	701	760	1,167	1,218	1,256	1,302	772	1,176	835	·	·
Tangible fixed assets	·	412	427	455	612	640	698	1,102	1,152	1,187	1,231	700	744	772	·	·
Intagible fixed assets	·	104	56	58	60	61	62	64	66	68	71	73	73	3	·	·
Investment in properties	·	20	21	22	24	25	0	43	0	0	0	0	0	0	·	·
Long-term investments (Bn. VND)	·	2,085	2,085	2,096	9	9	19	137	159	159	176	392	692	366	·	·
Investments in associate companies	·	0	0	2,085	0	0	0	0	21	21	21	0	67	66	·	·
Other long-term assets (Bn. VND)	·	2,101	2,101	91	113	125	125	182	182	182	182	393	628	302	·	·
Less: Provision for diminuation in value of long term investments	·	−16	−16	−80	−104	−115	−105	−45	−44	−44	−27	−0.8	−3	−3	·	·
Goodwill	·	0	0	0	0	0	0	0	0	0	0	0	269	247	·	·
Other non-current assets	·	297	251	272	160	180	153	131	215	237	275	268	27	42	·	·
Long-term prepayments (Bn. VND)	·	215	218	232	99	90	85	37	86	72	75	23	18	34	·	·
TOTAL ASSETS (Bn. VND)	·	3,786	3,853	4,134	2,299	2,217	2,709	3,128	3,300	3,336	3,389	3,304	3,446	3,840	·	·
LIABILITIES (Bn. VND)	·	1,734	1,939	2,359	961	943	960	1,920	2,046	2,109	2,294	2,046	2,170	1,556	·	·
Current liabilities (Bn. VND)	·	560	590	574	584	546	565	1,454	1,450	1,422	1,569	1,371	1,458	762	·	·
Short-term borrowings (Bn. VND)Discount rate (WACC) +1	·	166	155	140	19	22	0	544	559	552	571	542	548	316	·	·
Advances from customers (Bn. VND)	·	7	6	5	9	7	7	22	24	45	52	70	14	44	·	·
Long-term liabilities (Bn. VND)	·	1,173	1,349	1,785	376	396	395	466	597	687	725	676	712	793	·	·
Long-term borrowings (Bn. VND)Discount rate (WACC) +1	·	1,110	1,270	1,532	132	151	153	160	212	317	361	487	519	758	·	·
OWNER'S EQUITY(Bn.VND)Discount rate (WACC)	·	2,053	1,914	1,774	1,338	1,274	1,748	1,208	1,253	1,227	1,095	1,257	1,142	2,156	·	·
Capital and reserves (Bn. VND)	·	2,053	1,914	1,774	1,338	1,274	1,748	1,208	1,253	1,227	1,095	1,257	1,142	2,156	·	·
Paid-in capital (Bn. VND)	·	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	·	·
Other Reserves	·	5	5	5	5	5	5	0	0	0	0	0	0	0	·	·
Investment and development funds (Bn. VND)	·	15	14	14	20	20	20	20	19	18	18	15	4	2	·	·
Other Reserves	·	6	6	6	6	6	6	6	6	6	6	6	6	6	·	·
Undistributed earnings (Bn. VND)	·	−408	−484	−627	−742	−830	−381	−792	−784	−823	−974	−880	−876	143	·	·
Minority Interest	·	0	0	0	0	0	0	0	0	0	0	0	134	128	·	·
TOTAL RESOURCES (Bn. VND)	·	3,786	3,853	4,134	2,299	2,217	2,709	3,128	3,300	3,336	3,389	3,304	3,446	3,840	·	·
Short-term loans receivables (Bn. VND)	·	41	10	9	7	170	204	233	233	233	233	238	0	0	·	·
Long-term loans receivables (Bn. VND)	·	0	30	32	35	35	0	0	0	0	0	0	0	0	·	·
Common shares (Bn. VND)	·	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	·	·
Good will (Bn. VND)	·	82	32	40	62	90	68	93	129	164	199	234	0	0	·	·
MINORITY INTERESTSNet debt bridge	·	434	373	376	49	73	99	−26	12	25	45	115	0	0	·	·

Earnings Quality

Fiscal year 2025

Fair

Accrual QualityLow accruals vs reported earnings

100

Cash ConversionOperating cash flow vs net income

100

ReceivablesDSO trend vs revenue growth

Margin StabilityConsistency of profit margins

Revenue QualityConsistency of revenue growth

Financial Forensics

Beneish M-Score · 2025

Remainder

M −2.11 · 61st pctile vs VN companies

YoY ▼ −0.42

Conservative vs VN peersUnusual accounting movement

Compare across the whole market

Ranked vs Vietnamese peers. The −1.78 Beneish cutoff is US-calibrated; ~28% of VN stocks exceed it.

DSRI

1.343

GMI

0.983

AQI

1.000

SGI

1.149

DEPI

1.080

SGAI

0.903

TATA

−0.026

LVGI

0.914

Checks measured on Vietnamese companies · FY2025

Cash conversion, 3 yearsOperating cash flow / net profit: 1.5365th pctile
Receivables outside the trade cyclePrepayments to suppliers, loans and other long-term receivables / total assets: 5.3%69th pctile
Accumulated losses / paid-in capitalUndistributed earnings below zero: 0.20×
Consecutive years of net lossProfit after tax of the parent: 0
Owner's equityWithout the non-controlling interest: Positive

Percentiles rank each fiscal year against Vietnamese non-financial companies (0 lowest, 100 highest). Over FY2015-2024, low cash conversion and a large share of receivables outside the trade cycle came before more listing trouble and more net losses the next year.

Statutory loss tests (Decree 155/2020/NĐ-CP, Art. 120(1)(e), amended by Decree 245/2025/NĐ-CP): a HOSE or HNX listing is cancelled when the audited annual statements show net losses in each of the latest 3 years, accumulated losses above the paid-in charter capital, or negative owner's equity. Read here from the annual statements as the data vendor publishes them.

Quantitative Scores

F-Score

7/9

Strong

Z-Score

0.69

Distress Zone

Sharpe

0.29

Positive

Composite

30 to 49

Piotroski F-Score Breakdown

✓Net Income > 0

✓Operating CF > 0

✗ROA Rising

✓OCF > Net Income

✓Lower Leverage

✗Better Liquidity

✓No Dilution

✓Margin Up

✓Turnover Up

DuPont Decomposition

Tax Burden0.74×Interest Burden1.00×Op. Margin0.12×Turnover0.30×Leverage1.84=ROE4.7%

Price Risk

Momentum

+6.8%

Volatility

46.8%

Max Drawdown

−35.4%

Key Ratios

Fiscal year 2025

31.02P/E

P/B: 1.43
P/S: 2.04
ROE: 4.7%
ROA: 1.9%
EPS: 372
BVPS: 8.092
Gross Margin: 48.6%
Net Margin: 8.6%
D/E: 0.62
Current Ratio: 1.03
Rev Growth: +16.7%
Profit Growth: −56.6%
EV/EBITDA: 14.26
Div Yield: —

Company Overview

Shares outstanding: 330M
Charter Capital: 3,300B VND
Sector (ICB L2): Thực phẩm và đồ uống
Industry (ICB L3): Sản xuất thực phẩm
Sub-industry: Thực phẩm
Company Type: CT

Ownership network

Common ownership links for OCH. Hover for detail, select a link to open it.

Shareholders

Công ty Cổ phần Tập đoàn Đại Dương

OGC

55.6%

111M

2025-09-30

Công ty CP Tập Đoàn Leadvisors Capital

Inst

39.4%

130M

2026-10-15

Công ty Cổ phần Samurai Power

Inst

9.9%

19.7M

2026-03-31

Công ty Cổ Phần Quản Lý Quỹ Leadvisors Capital Management

Inst

6.5%

12.9M

2023-06-30

Hà Trọng Nam

Indiv

2.1%

4.2M

2018-12-31

Nguyễn Thị Lan Hương

Indiv

1.8%

3.7M

2019-07-03

Công Ty Cổ Phần Đầu Tư Và Xây Dựng Sông Đà

Inst

0.6%

1.2M

2013-12-31

Nguyễn Duy Quốc Việt

Indiv

0.4%

57,854

2019-06-17

Lê Thị Ánh Tuyết

Indiv

0.1%

200,000

2013-12-31

Board & Management

Lê Đinh Quang

Deputy General Director

Top connections

PVR55.6%TSJ39.4%OGC4.9%

Listed group

OGCCông ty Cổ phần Tập đoàn Đại Dương
Parent: holds over 50%
55.6%
2025-09-30

Read from the shareholder lists: control above 50% of the shares (VAS 25), significant influence at 20% or more (VAS 07). Each date is that of the disclosure.

Director-deal registrations · 12 months

Sale registrations: 1 by 1 trader; 1 without a stated volume
Purchase registrations: 2 by 2 traders; 130,000,000 shares · 1 without a stated volume

Công ty CP Tập Đoàn Leadvisors Capital
Purchase · Institution
130,000,000
2026-10-06
Công ty Cổ Phần Ids Equity Holdings
Sale · Institution
—
2026-03-31
Công ty Cổ phần Samurai Power
Purchase · Institution
—
2026-03-31

Insiders, large holders and related persons register a trade before they make it. A registration is not an executed trade, and a holder that did not trade often registers again.

Computed 30/10/2026

Calibrated intrinsic value vs last close

Earnings-capitalised value

How it is calculated

Keep in mind

Also note

12-month sector-relative outlook

Valuation Breakdown

DCF Sensitivity

OCH among Consumer

Financial Statements

Earnings Quality

Financial Forensics

Checks measured on Vietnamese companies · FY2025

Quantitative Scores

Key Ratios

Company Overview

Ownership network

Listed group

Director-deal registrations · 12 months

Ownership network

Listed group

Director-deal registrations · 12 months

OCH among Consumer