EN DE
Watch Ba Ria Vung Tau House Development JSC for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Ba Ria Vung Tau House Development JSC (HDC) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Ba Ria Vung Tau House Development JSC stock VND 10,980, price VND 13,300, that is 17.4% below the price, quality 34 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Real Estate VN · ISIN VN000000HDC9

BR Ba Ria Vung Tau House Development JSC logo Thin data Nov 9, 2026

Ba Ria Vung Tau House Development JSC

HDC · VN
Expensive, weak quality

Our calculation puts a fair price 17% below what the stock costs today.

Highly profitable · 107.7% net margin (TTM)
Low debt
Costs just 4.7 times its yearly profit.
Moderate moat 56/100 · thin data
Fair value 10,980 VND · Overvalued
Quality 34/100
Weak Growth (revenue 5y −11.5 %/yr in VND)
Negative free cash flow
Trails peers (5/13)
Thin data
⚠ Dilution
Watch Ba Ria Vung Tau House Development JSC for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

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

Price vs Fair Value

46,403 VND 9,980 VND Fair Value 10,980 VND Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range 9,980 VND – 46,403 VND · fair‑value band 8,235 VND – 13,724 VND · the 13,300 VND price screens above the 10,980 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

Follow Ba Ria Vung Tau House Development JSC in your weekly email

Every Wednesday you see whether Ba Ria Vung Tau House Development JSC is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Ba Ria - Vung Tau House Development Joint Stock Company, together with its subsidiaries, engages in real estate business in Vietnam.

Show moreShow less

It is involved in the house trading, construction investment, post business, apartment management, real estate exchange management, real estate brokeraging, real estate valuation, construction materials trading, tourism service business, development and construction for urban area and industrial zone, implementing civil, industrial and traffic engineering, making concrete and other cement related products, and repairing and maintenance of elevators. it also involved in the constructing civil architectures, trading real estate, land use rights, buying houses, constructions for sales, lease, investing for refinery and infrastructure, constructing and managing apartments, water park, housing business, real estate business, including land use rights owned by the enterprise, land use rights under ownership, and land use rights leased by the enterprise.

In addition, it invests in new urban areas and housing; real estate business; construction of civil industry, transport works; production of concrete and products from cement, mortar; and hotel business. The company was founded in 1990 and is based in Vung Tàu, Vietnam.

Stock analysis

Ba Ria Vung Tau House Development JSC (HDC) currently trades at 13,300 VND, while our model-based Fair Value estimate is 10,980 VND, 17% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of 18,446 VND per share, and 2 of the 6 models we run sit above the 13,300 VND price.

Bear case: the Asset-Based group reads lowest at 8,032 VND, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: 8,235 VND (bear) to 13,724 VND (bull), the price of 13,300 VND sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 34/100 (below-average quality), in the Real Estate sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Ba Ria Vung Tau House Development JSC reported revenue of 456B VND in FY2025 versus 1.4T VND in FY2021, a compound −23.8%/yr. Reported net income was 639B VND in FY2025, compounding +19.9%/yr from FY2021.

Key figures

Market cap 2.7T VND (≈ $104M) Micro · P/E ratio 4.7 · P/S ratio 4.28 · EPS (TTM) 2,823 VND · Dividend yield 0.0% · Net margin 108% · Return on equity 25.3% · Return on assets (EBIT) 5.6% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (low confidence).

What moves the price

The share trades about 47% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at −17%, HDC screens richer than that median.

Fair Value models

Bear 8,235 VND Fair Value 10,980 VND Bull 13,724 VND
Price 13,300 VND · Downside -17.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2,429 VND per share) are deliberately not added. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income 11,720 VND 13,716 VND 16,533 VND 76
Gordon GGM 21.49 VND 22.53 VND 24.05 VND 69
DDM Multi-Stage 21.49 VND 23.47 VND 25.87 VND 67
All 6 models by family
Dividend Discount
Gordon GGM 21.49 VND 22.53 VND 24.05 VND 69
DDM Multi-Stage 21.49 VND 23.47 VND 25.87 VND 67
Multiples
P/S Multiple 9,688 VND 12,917 VND 16,146 VND 58
P/B Multiple 17,981 VND 23,975 VND 29,969 VND 55
Asset-Based
NCAV (Graham) 5,994 VND 8,032 VND 11,988 VND 54
Economic Profit
Residual Income 11,720 VND 13,716 VND 16,533 VND 76

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 34/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 50
How much profit the company makes from its sales and capital
Quality Growth 46
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 53
Debt, balance sheet and risk of trouble
Investment 53
Does it invest with discipline instead of growing at any price?
Low Volatility 44
How calm the share price moves, does not count
Price momentum 27
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 10
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 24/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−16.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−29.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−11.5%
Start year 2020 (pandemic)
What shareholders gained per year (last 5 years), in VND (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in VND: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−22.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−22.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.38% → −2%
2025 sits 353% above its own trend. The rate follows the median trend of the last 5 years, not that single year.

HDC screens overvalued: fair value 17% below the price. Compare with Sun Hung Kai Properties Limited →

Compare Ba Ria Vung Tau House Development JSC with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer Groupⓘ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.Real Estate - Development · 488 stocks

Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 34 · Bottom 25%
Fair Value upside −17.4% · Below median
Profitability
Return on equity (12 months) 25.3% · Top 25%
Return on assets 10.5% · Top 25%
Net margin (12 months) 107.7% · Top 25%
Operating margin (12 months) −10.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 17.7% · Above median
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.42× · Above median

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/E (12 months) 4.7× · Cheapest 25%
P/B 0.92× · Pricier than median
P/S (12 months) 4.28× · Priciest 25%
EV/EBITDA 36.4× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)10 · sector 67
FUTURE (revenue growth)89 · sector 0
PAST (return on equity)100 · sector 17
HEALTH (low debt)79 · sector 83
DIVIDEND (yield)1 · sector 61

Context: sector, industry, market

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
China Resources Land Limited 1109 HK$31.92 HK$80.05 +151% vs HDC
Vinhomes Joint Stock Company VHM 60,400 VND 105,995 VND +75% vs HDC
China Overseas Land & Investment Limited 0688 HK$13.09 HK$22.51 +72% vs HDC
CK Asset Holdings 1113 HK$49.20 HK$72.05 +46% vs HDC
Sun Hung Kai Properties Limited 0016 HK$117.40 HK$156.00 +33% vs HDC
Poly Developments and Holdings 600048 ¥5.46 ¥5.87 +8% vs HDC
China Merchants Shekou Industrial Zone Holdings 001979 ¥7.52 ¥5.64 −25% vs HDC
Lodha Developers Limited LODHA ₹1,195 ₹271.92 −77% vs HDC
DLF Limited DLF ₹755.00 ₹167.48 −78% vs HDC
Hongkong Land Holdings H78 $8.28 $1.52 −82% vs HDC

Explore undervalued stocks

More undervalued Real Estate stocks →

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Ba Ria Vung Tau House Development JSC: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Ba Ria Vung Tau House Development JSC Fair Value". https://www.fairvalue-calculator.com/stock/HDC

Frequently asked questions

Is Ba Ria Vung Tau House Development JSC (HDC) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 10,980 VND versus a price of 13,300 VND, about 17% lower (overvalued).
What is the fair value of HDC?
Our model-based fair value for Ba Ria Vung Tau House Development JSC is 10,980 VND (as of Nov 9, 2026), built from audited fundamentals. The current price: 13,300 VND.
What is the quality score of HDC?
Ba Ria Vung Tau House Development JSC has a Quality Score of 34/100. 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 price target for Ba Ria Vung Tau House Development JSC (HDC)?
Our model-based price target is the fair value of 10,980 VND (as of Nov 9, 2026) from 6 valuation models. Cautious scenario 8,235 VND, optimistic scenario 13,724 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Ba Ria Vung Tau House Development JSC stock forecast for 2026?
Our models put fair value at 10,980 VND, about 17% lower versus a price of 13,300 VND (overvalued). Cautious scenario 8,235 VND, optimistic scenario 13,724 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Ba Ria Vung Tau House Development JSC (HDC)?
Ba Ria Vung Tau House Development JSC reported trailing-twelve-month revenue of about 620B VND (latest available figure, as of Nov 9, 2026).
Does Ba Ria Vung Tau House Development JSC pay a dividend?
Ba Ria Vung Tau House Development JSC currently shows a dividend yield of 0.04% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Ba Ria Vung Tau House Development JSC (HDC)?
Ba Ria Vung Tau House Development JSC has a dividend yield of 0.0%.
What is the intrinsic value of Ba Ria Vung Tau House Development JSC (HDC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ba Ria Vung Tau House Development JSC it is 10,980 VND per share (as of Nov 9, 2026), against a price of 13,300 VND. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Ba Ria Vung Tau House Development JSC stock overvalued or undervalued in 2026?
As of Nov 9, 2026, HDC trades above its calculated fair value: price 13,300 VND, fair value 10,980 VND, a gap of about −17% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HDC?
No. The price is what the market pays today (13,300 VND); the fair value is what the company's own numbers justify (10,980 VND). For Ba Ria Vung Tau House Development JSC the two are 2,320 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Ba Ria Vung Tau House Development JSC worth?
The market values Ba Ria Vung Tau House Development JSC at about 2.7T VND (market capitalisation, as of Nov 9, 2026). Per share that is 13,300 VND; our models calculate a fair value of 10,980 VND per share.
What do the bullish and bearish scenarios say about HDC?
Our models span a range for Ba Ria Vung Tau House Development JSC: cautious scenario 8,235 VND, base 10,980 VND, optimistic 13,724 VND per share (as of Nov 9, 2026, price 13,300 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HDC?
Ba Ria Vung Tau House Development JSC trades at a price-to-earnings ratio of 4.7 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10,980 VND is built from several models across several years. Other multiples: P/B 0.9, P/S 4.3, EV/EBITDA 36.4.
How solid is the balance sheet of Ba Ria Vung Tau House Development JSC (HDC)?
Balance-sheet figures for Ba Ria Vung Tau House Development JSC (as of Nov 9, 2026): return on equity 25.3%, debt of 0.42 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is HDC from its 52-week high?
Ba Ria Vung Tau House Development JSC trades at 13,300 VND, about 47% below its 52-week high of 25,087 VND and 33% above the low of 9,980 VND (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 10,980 VND is for.
Which stocks are comparable to Ba Ria Vung Tau House Development JSC?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ba Ria Vung Tau House Development JSC stock attractive at the current price?
The data as of Nov 9, 2026: price 13,300 VND, calculated fair value 10,980 VND (−17%), Quality Score 34/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HDC calculated?
We run Ba Ria Vung Tau House Development JSC through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 10,980 VND builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. Ba Ria Vung Tau House Development JSC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ba Ria Vung Tau House Development JSC (HDC)?
The closing price on Nov 9, 2026 was 13,300 VND. Our model-based fair value is 10,980 VND, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ba Ria Vung Tau House Development JSC right now?
Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Key figures of Ba Ria Vung Tau House Development JSC

How large is the market capitalisation of Ba Ria Vung Tau House Development JSC (HDC)?
The market capitalisation of Ba Ria Vung Tau House Development JSC is 2.7T VND (≈ $104M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ba Ria Vung Tau House Development JSC (HDC)?
The price-to-sales ratio of Ba Ria Vung Tau House Development JSC is 4.28 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ba Ria Vung Tau House Development JSC (HDC)?
Earnings per share at Ba Ria Vung Tau House Development JSC are 2,823 VND (price ÷ EPS = P/E 4.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ba Ria Vung Tau House Development JSC (HDC)?
The dividend yield of Ba Ria Vung Tau House Development JSC is 0.0% (payout 0.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ba Ria Vung Tau House Development JSC (HDC)?
The net margin of Ba Ria Vung Tau House Development JSC is 108% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ba Ria Vung Tau House Development JSC (HDC)?
The return on equity (ROE) of Ba Ria Vung Tau House Development JSC is 25.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ba Ria Vung Tau House Development JSC (HDC)?
On an EBIT basis the return on assets of Ba Ria Vung Tau House Development JSC is 5.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ba Ria Vung Tau House Development JSC (HDC)?
The operating margin of Ba Ria Vung Tau House Development JSC is −10.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ba Ria Vung Tau House Development JSC (HDC)?
Revenue at Ba Ria Vung Tau House Development JSC is growing +17.7% versus a year earlier (3y avg −29.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ba Ria Vung Tau House Development JSC (HDC)?
Earnings per share at Ba Ria Vung Tau House Development JSC are growing −25.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ba Ria Vung Tau House Development JSC (HDC) generate?
The free cash flow of Ba Ria Vung Tau House Development JSC is −1.0T VND (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ba Ria Vung Tau House Development JSC (HDC) carry?
The net debt of Ba Ria Vung Tau House Development JSC is 1.7T VND (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Ba Ria Vung Tau House Development JSC in the live analysis

One click puts Ba Ria Vung Tau House Development JSC on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.