# VINACAPITAL VIETNAM OPPORTUNITY FUND LIMITED (VOF.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 439p, market value 522 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). VINACAPITAL VIETNAM OPPORTUNITY FUND LIMITED reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 2.3×**. Each dollar of revenue is priced at 2.3×.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 21.1%** (5-yr avg 0.1%). Free cash flow equals 21.1% 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.

## Profitability
- **Gross margin: 93.0%**. VINACAPITAL VIETNAM OPPORTUNITY FUND LIMITED keeps 93.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 34.6%**. 34.6% of revenue is left after running the business, an exceptional level.
- **Net margin: -37.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -5.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 11.5%**. Return on all capital, debt included, is 11.5%.
- **Return on assets: 10.9%**. Each dollar of assets produces 10.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 76.7%**. Revenue grew 76.7% over the last year.
- **EPS growth (1 yr): -174.5%**. Earnings per share fell 174.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 559.5%/yr**. Free cash flow has compounded at 559.5% a year over three years.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 36 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 yield: 2.42%** (0p per share, trailing). VINACAPITAL VIETNAM OPPORTUNITY FUND LIMITED yields 2.42%, a modest yield more typical of a growth-oriented payer.
- **Dividend growth (5 yr): 5.0%/yr** (1-yr -26.0%). The dividend has grown 5.0% a year over five years.
- **Shareholder yield: 22.7%**. Dividends plus net buybacks return 22.7% of the market value a year.

## Price and momentum
- **Total return (1 yr): -10.3%** (YTD -5.6%, 3-mo -3.0%). The shares are down 10.3% over twelve months including dividends.
- **From 52-week high: -12.2%** (6.8% above the low). Trading 12% 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): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.52** (volatility 20%). Beta of 0.52 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.