# Vietnam Enterprise Investments Limited (VEIL.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 731p, market value 898 millionp.

## Valuation
- **P/E (trailing): 4.7×** (5-yr avg 498.5×, 3-yr avg 599.3×). Vietnam Enterprise Investments Limited trades at 4.7× trailing earnings, well below its own five-year average of 498.5×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 2.1×**. Each dollar of revenue is priced at 2.1×.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 2.1×**. Enterprise value is 2.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 31.6%** (5-yr avg 0.1%). Free cash flow equals 31.6% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 21.1%**. The inverse of the P/E: 21.1% of the price is earned each year.

## Profitability
- **Gross margin: 99.0%**. Vietnam Enterprise Investments Limited keeps 99.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 92.0%**. 92.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 96.4%**. 96.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 18.6%**. 18.6% on shareholders' equity is solid.
- **Return on invested capital: 28.9%**. Return on all capital, debt included, is 28.9%: comfortably above what that capital costs.
- **Return on assets: 27.3%**. Each dollar of assets produces 27.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 73.0%** (5-yr 2.3%/yr). Revenue grew 73.0% over the last year, against 2.3% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 127.3%** (5-yr 5.6%/yr). Earnings per share rose 127.3%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 57.4%/yr**. Free cash flow has compounded at 57.4% a year over three years.

## Financial health
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: 46 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Vietnam Enterprise Investments Limited does not currently pay a dividend, but it returned 27.3% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): -1.3%** (YTD -7.2%, 3-mo -1.9%). The shares are down 1.3% over twelve months including dividends.
- **From 52-week high: -15.4%** (7.3% above the low). Trading 15% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 57**. An RSI of 57 is neutral.
- **Beta (1 yr): 0.48** (volatility 20%). Beta of 0.48 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=VEIL.L · Page: https://foliofundamentals.com/stocks/veil.l

Not investment advice.