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VNP.TO (VNP) Fair Value & Analysis

Basic Materials · CA · Market cap C$3.0B (≈ $2.1B) · ISIN CA33833X1015

What is VNP.TO really worth?

VT VNP.TO VNP · TO
PriceC$24.92
Fair ValueC$11.81
Upside−52.6%
Quality67/100

A solid business, but trading 111% above our fair value of C$11.81.

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Strengths

Solidly profitable · 14.0% net margin
Moderate debt · generates free cash flow
Wide moat 77/100

Risks

!Mixed Growth (revenue 5y +17.6 %/yr)
!Mixed vs. peers (7/15)
!Weak on dividend: 1 out of 100
Evidence: High Range C$7.03 – C$16.76

Fair value as of: Aug 20, 2026

From 24 valuation models · updated 16 days ago

Fair value updated Aug 20, 2026, revised from C$8.53 to C$11.81 (+38.5%) since Aug 14, 2026. Share price −16.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (C$16.76). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (C$7.03 to C$16.76) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

C$47.65 C$1.08 Fair Value C$11.81 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range C$1.08 – C$47.65 · fair‑value band C$7.03 – C$16.76 · the C$24.92 price screens above the C$11.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

VNP.TO (VNP) currently trades at C$24.92, while our model-based Fair Value estimate is C$11.81, implying the stock looks roughly 111.0% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of C$9.17 per share, and 0 of the 24 models we run sit above the C$24.92 price. Bear case: the Asset-Based group reads lowest at C$1.48, and 24 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, VNP.TO generated revenue of C$420M at a net margin of 14.0%. Revenue grew 32.6% year over year. It earns a return on equity of 31.9%. Net debt stands at C$106M. Fundamentals as of Aug 20, 2026

Our scenario range runs from C$7.03 (bear case) to C$16.76 (bull case); at C$24.92, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 50% below its 52-week high and 192% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −53%, VNP screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$0.6226 per share, which is 5.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence C$5.45 C$8.97 C$14.32 79
Growth DCF C$5.49 C$8.91 C$14.02 77
Owner Earnings C$5.58 C$9.17 C$14.63 75
All 24 models by family
DCF Models
FCF DCF best evidence C$5.45 C$8.97 C$14.32 79
Owner Earnings C$5.58 C$9.17 C$14.63 75
5Y Revenue Exit C$4.48 C$7.43 C$11.22 72
5Y EBITDA Exit C$6.09 C$10.54 C$15.82 74
5Y P/E Exit C$5.82 C$10.01 C$14.51 70
10Y Revenue Exit C$4.64 C$7.42 C$11.23 66
10Y EBITDA Exit C$5.79 C$9.56 C$14.75 67
10Y P/E Exit C$5.62 C$9.19 C$13.75 63
Earnings-Based
Graham-Dodd C$3.89 C$13.77 C$18.54 64
Lynch FV C$3.23 C$4.61 C$5.99 61
PEG = 1.0 C$3.23 C$4.61 C$5.99 57
EPV C$5.79 C$6.79 C$7.65 74
Multiples
P/E Multiple C$7.29 C$9.73 C$12.16 63
P/S Multiple C$4.98 C$6.64 C$8.30 58
P/B Multiple C$4.97 C$6.62 C$8.28 55
EV/EBIT C$8.23 C$11.15 C$14.07 66
EV/EBITDA C$7.25 C$9.84 C$12.42 67
EV/Revenue C$4.12 C$6.11 C$8.11 53
Asset-Based
NCAV (Graham) C$1.10 C$1.48 C$2.21 54
Growth DCF
Growth DCF C$5.49 C$8.91 C$14.02 77
Rev-Margin DCF C$4.48 C$7.43 C$10.97 72
Economic Profit
Residual Income C$3.69 C$5.00 C$27.56 64
ROIC Compounder C$6.34 C$8.17 C$10.31 72
Growth Earnings
Growth-Adj P/E C$5.49 C$7.84 C$10.19 67

Widest divergence: DCF Models (C$9.17) versus Asset-Based (C$1.48). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 27.7
P/S ratio 3.58 P/E × margin
EPS (TTM) C$0.9000 price ÷ EPS = P/E 27.7
Dividend yield 0.0% payout 0.8%
Net margin 12.9% FY2025
Return on equity 31.9% TTM
More key figures
Profitability
Return on assets (EBIT) 6.4% avg 5y
Operating margin 24.0% TTM
Growth
Revenue (TTM) C$420M TTM
Revenue growth (YoY) +32.6% 3y avg +14.6%
EPS growth (YoY) +84.9%
Balance sheet & cash flow
Free cash flow C$48.1M FY2025
Net debt C$106M FY2025 · ≈ 2.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 65 · Market factors (momentum, volatility) 36

Profitability 64
Margins and returns on capital today
Quality Growth 93
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 1
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 66
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

5N Plus Inc. produces and sells specialty semiconductors and performance materials in the Americas, Europe, Asia, and internationally. It offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, ultra-high purity metals, space solar cells, and assemblies.

Full company description

5N Plus Inc. produces and sells specialty semiconductors and performance materials in the Americas, Europe, Asia, and internationally. It offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, ultra-high purity metals, space solar cells, and assemblies. The company also provides active pharmaceutical ingredients, specialized chemicals, commercial grade metals, alloys, engineered powders, and recycling services. It serves renewable energy, security, space, pharmaceutical, medical imaging, and industrial application markets. The company is headquartered in Montreal, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

VNP.TO reported revenue of $398M in FY2025 versus $210M in FY2021, a compound +17.3%/yr. Reported net income was $51.5M in FY2025, compounding +101.7%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Growth Quality 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$398M
Latest YoY
+37.6%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.6%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.6%
Avg. revenue growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+84.8% (84.8 + 0.0)
Revenue +17.3%/yr
FY21 $210M
FY22 $264M
FY23 $242M
FY24 $289M
FY25 $398M
Net income +101.7%/yr
FY21 $3.1M
FY22 −$23.0M
FY23 $15.4M
FY24 $14.7M
FY25 $51.5M

VNP screens 111% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "VNP.TO Fair Value". https://www.fairvalue-calculator.com/stock/VNP

Peer Group

Specialty Chemicals · 695 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 67 · Top 25%
Fair Value upside −53% · Below median
Return on equity (TTM) 32% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 33% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.55× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 27.7× · Pricier than median
P/B 10.74× · Pricier than 75% of peers
P/S (TTM) 5.08× · Pricier than 75% of peers
P/FCF 44.4× · Pricier than 75% of peers
EV/EBITDA 21.1× · Pricier than 75% of peers
PEG 0.42× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 20
PAST100 · sector 23
HEALTH73 · sector 95
DIVIDEND1 · sector 28

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $485.35 $222.03 −54%
The Sherwin-Williams Company SHW $344.86 $143.38 −58%
Ecolab Inc ECL $286.75 $96.18 −66%
Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥77.66 ¥68.03 −12%
500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

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Frequently asked questions

Is VNP.TO (VNP) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of C$11.81 versus a price of C$24.92, about −53% upside (overvalued).
What is the fair value of VNP?
Our model-based fair value for VNP.TO is C$11.81 (as of Aug 20, 2026), built from audited fundamentals. The current price: C$24.92.
What is the quality score of VNP?
VNP.TO has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of VNP.TO (VNP)?
VNP.TO reported trailing-twelve-month revenue of about C$420M (latest available figure, as of Aug 20, 2026).
What is the net profit margin of VNP?
The net profit margin of VNP.TO is about 14.0%, meaning it keeps roughly 14.0% of revenue as net income. Based on the latest reported figures.
Does VNP.TO pay a dividend?
VNP.TO currently shows a dividend yield of about 0.03% relative to its recent price (as of Aug 20, 2026).
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