Hoang Huy Investment Financial (TCH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hoang Huy Investment Financial stock VND 3,224, price VND 13,500, that is 76.1% below the price, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 3,558 VND – 22,381 VND · fair‑value band 2,867 VND – 3,698 VND · the 13,500 VND price screens above the 3,224 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Hoang Huy Investment Financial Services Joint Stock Company, together with its subsidiaries, engages in the manufacturing, trading, and assembling of motorbikes and cars. The company also offers tractors, trucks, and spare parts under the Hoang Huy brand.
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In addition, it supplies new and used trucks, and tractors products, as well as replacement parts under the Hoang Huy International brand name; distributes trucks under the Hoang Huy DongFeng brand name; and air purifiers, front wheel rim, and electric starter under the DongFeng brand name.
Further, the company invests in real estate properties. The company was incorporated in 1995 and is headquartered in Hai Phong, Vietnam.
Stock analysis
Hoang Huy Investment Financial (TCH) currently trades at 13,500 VND, while our model-based Fair Value estimate is 3,224 VND, 76% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 9,322 VND per share, and 1 of the 12 models we run sit above the 13,500 VND price.
Bear case: the Earnings-Based group reads lowest at 1,610 VND, and 11 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2,867 VND (bear) to 3,698 VND (bull), the price of 13,500 VND sits above 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 40/100 (below-average quality), in the Industrials sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Hoang Huy Investment Financial reported revenue of 1.4T VND in FY2026 versus 2.8T VND in FY2022, a compound −14.9%/yr. Reported net income was 194B VND in FY2026, compounding −16.5%/yr from FY2022.
Key figures
Market cap 12.3T VND (≈ $481M) Small · P/E ratio 48.4 · P/S ratio 8.17 · EPS (TTM) 279.05 VND · Dividend yield 0.4% · Net margin 19.8% · Return on equity 2.8% · Return on assets (EBIT) 4.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −76%, TCH screens richer than that median.
Fair Value models
Bear2,867 VNDFair Value 3,224 VNDBull3,698 VND
Price 13,500 VND · Downside -76.1%
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 2026 figures (about 7 months old). Earnings retained since then (170.49 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
Growth DCF3,430 VND3,803 VND4,350 VND79
Owner Earnings3,394 VND3,793 VND4,424 VND78
Residual Income6,307 VND6,644 VND7,107 VND76
All 12 models by family
DCF Models
Owner Earnings3,394 VND3,793 VND4,424 VND78
5Y P/E Exit3,369 VND4,017 VND4,794 VND72
10Y P/E Exit3,373 VND3,756 VND4,111 VND65
Earnings-Based
Graham-Dodd1,317 VND1,610 VND1,811 VND67
Dividend Discount
Gordon GGM288.48 VND306.99 VND334.13 VND69
DDM Multi-Stage288.48 VND329.36 VND379.73 VND67
Multiples
P/E Multiple1,889 VND2,518 VND3,148 VND63
P/B Multiple11,946 VND15,928 VND19,910 VND55
Asset-Based
NCAV (Graham)6,153 VND9,322 VND11,652 VND54
Growth DCF
Growth DCF3,430 VND3,803 VND4,350 VND79
Rev-Margin DCF3,089 VND3,583 VND4,205 VND74
Economic Profit
Residual Income6,307 VND6,644 VND7,107 VND76
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
What shareholders gained per year (last 5 years), in VND ⓘ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. 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.
−33.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.6%
Dividend (yield on the price)0.4%
Per share before 2025divided by the spin-off factor 1.161
Profit margin 2021 to 2026 ⓘ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.23% → 9%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−6.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Vietnam: IMF forecast 4.1% a year to 2030, 3.1% from 2016 to 2025) that is about −10.2% a year for the price.
Compare Hoang Huy Investment Financial with another stock
Price, fair value, quality and upside side by side.
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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.Farm & Heavy Construction Machinery · 146 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−76.1% · Bottom 25%
Profitability
Return on equity (12 months)2.8% · Bottom 25%
Return on assets0.9% · Bottom 25%
Net margin (12 months)19.8% · Top 25%
Operating margin (12 months)20.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)15.5% · Above median
Dividend yield (12 months)0.4% · Bottom 25%
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
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Is Hoang Huy Investment Financial (TCH) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 3,224 VND versus a price of 13,500 VND, about 76% lower (overvalued).
What is the fair value of TCH?
Our model-based fair value for Hoang Huy Investment Financial is 3,224 VND (as of Nov 4, 2026), built from audited fundamentals. The current price: 13,500 VND.
What is the quality score of TCH?
Hoang Huy Investment Financial has a Quality Score of 40/100. 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 Hoang Huy Investment Financial (TCH)?
Our model-based price target is the fair value of 3,224 VND (as of Nov 4, 2026) from 12 valuation models. Cautious scenario 2,867 VND, optimistic scenario 3,698 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Hoang Huy Investment Financial stock forecast for 2026?
Our models put fair value at 3,224 VND, about 76% lower versus a price of 13,500 VND (overvalued). Cautious scenario 2,867 VND, optimistic scenario 3,698 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Hoang Huy Investment Financial (TCH)?
Hoang Huy Investment Financial reported trailing-twelve-month revenue of about 1.5T VND (latest available figure, as of Nov 4, 2026).
Does Hoang Huy Investment Financial pay a dividend?
Hoang Huy Investment Financial currently shows a dividend yield of 0.37% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Hoang Huy Investment Financial (TCH)?
Hoang Huy Investment Financial has a dividend yield of 0.4%.
What growth is priced into Hoang Huy Investment Financial (TCH)?
For today's price to be fair in a discounted-cash-flow model, Hoang Huy Investment Financial would have to grow free cash flow by -6.5 % per year for five years (discount rate 13.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -20.0 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of TCH use?
Our models discount Hoang Huy Investment Financial at 13.4 %: a base by market capitalisation (small), damped by beta 0.50, country premium for Vietnam. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hoang Huy Investment Financial that is -6.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.4 %) and the same formula as our fair value.
How much growth has Hoang Huy Investment Financial (TCH) delivered so far?
Over the past 5 years revenue at Hoang Huy Investment Financial grew -20.0 % a year. The price currently implies free-cash-flow growth of -6.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hoang Huy Investment Financial (TCH) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Hoang Huy Investment Financial (-6.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hoang Huy Investment Financial (TCH)?
The free-cash-flow yield on the price is 14.78 %: that much free cash flow Hoang Huy Investment Financial produces per unit of market value. When it exceeds the discount rate of our models (13.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hoang Huy Investment Financial (TCH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hoang Huy Investment Financial it is 3,224 VND per share (as of Nov 4, 2026), against a price of 13,500 VND. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Hoang Huy Investment Financial stock overvalued or undervalued in 2026?
As of Nov 4, 2026, TCH trades above its calculated fair value: price 13,500 VND, fair value 3,224 VND, a gap of about −76% (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 TCH?
No. The price is what the market pays today (13,500 VND); the fair value is what the company's own numbers justify (3,224 VND). For Hoang Huy Investment Financial the two are 10,276 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Hoang Huy Investment Financial worth?
The market values Hoang Huy Investment Financial at about 12.3T VND (market capitalisation, as of Nov 4, 2026). Per share that is 13,500 VND; our models calculate a fair value of 3,224 VND per share.
What do the bullish and bearish scenarios say about TCH?
Our models span a range for Hoang Huy Investment Financial: cautious scenario 2,867 VND, base 3,224 VND, optimistic 3,698 VND per share (as of Nov 4, 2026, price 13,500 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TCH?
Hoang Huy Investment Financial trades at a price-to-earnings ratio of 48.4 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3,224 VND is built from several models across several years. Other multiples: P/B 1.1, P/S 8.2, EV/EBITDA 47.5.
How solid is the balance sheet of Hoang Huy Investment Financial (TCH)?
Balance-sheet figures for Hoang Huy Investment Financial (as of Nov 4, 2026): return on equity 2.8%. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is TCH from its 52-week high?
Hoang Huy Investment Financial trades at 13,500 VND, about 28% below its 52-week high of 18,864 VND and 35% above the low of 10,000 VND (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3,224 VND is for.
Which stocks are comparable to Hoang Huy Investment Financial?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 Hoang Huy Investment Financial stock attractive at the current price?
The data as of Nov 4, 2026: price 13,500 VND, calculated fair value 3,224 VND (−76%), Quality Score 40/100, from 12 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 TCH calculated?
We run Hoang Huy Investment Financial through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 3,224 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 13.3% above its aggregate fair value. Hoang Huy Investment Financial 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 Hoang Huy Investment Financial (TCH)?
The closing price on Nov 6, 2026 was 13,500 VND. Our model-based fair value is 3,224 VND, about 76% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hoang Huy Investment Financial right now?
The price sits above even our optimistic bull case (3,698 VND). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Hoang Huy Investment Financial
How large is the market capitalisation of Hoang Huy Investment Financial (TCH)?
The market capitalisation of Hoang Huy Investment Financial is 12.3T VND (≈ $481M). 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 Hoang Huy Investment Financial (TCH)?
The price-to-sales ratio of Hoang Huy Investment Financial is 8.17 (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 Hoang Huy Investment Financial (TCH)?
Earnings per share at Hoang Huy Investment Financial are 279.05 VND (price ÷ EPS = P/E 48.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hoang Huy Investment Financial (TCH)?
The dividend yield of Hoang Huy Investment Financial is 0.4% (payout 17.7%). 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 Hoang Huy Investment Financial (TCH)?
The net margin of Hoang Huy Investment Financial is 19.8% (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 Hoang Huy Investment Financial (TCH)?
The return on equity (ROE) of Hoang Huy Investment Financial is 2.8% (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 Hoang Huy Investment Financial (TCH)?
On an EBIT basis the return on assets of Hoang Huy Investment Financial is 4.9% (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 Hoang Huy Investment Financial (TCH)?
The operating margin of Hoang Huy Investment Financial is 20.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hoang Huy Investment Financial (TCH)?
Revenue at Hoang Huy Investment Financial is growing +15.5% versus a year earlier (3y avg −11.6%). 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 Hoang Huy Investment Financial (TCH)?
Earnings per share at Hoang Huy Investment Financial are growing +155% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hoang Huy Investment Financial (TCH) carry?
The net debt of Hoang Huy Investment Financial is 158B VND (fiscal year 2022, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 4, 2026