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An Gia Real Estate Investment and Development Corporation (AGG) Fair Value & Analysis

Real Estate · VN · Market cap 1.8T VND

AG An Gia Real Estate Investment and Development Corporation AGG · VN
Price11,350 VND
Fair Value28,375 VND
Upside+150.0%
Quality47/100
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Mixed Growth
Highly profitable · 92.9% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/12)
Moderate moat 45/100
Evidence: High Range 20,275 VND – 35,524 VND Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated today

Share price −1.3% over the past month.

Below-average quality, screening 150% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (20,275 VND). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (16 months)

21,550 VND 10,950 VND Fair Value 28,375 VND Apr 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

16‑month range 10,950 VND – 21,550 VND · fair‑value band 20,275 VND – 35,524 VND · the 11,350 VND price screens below the 28,375 VND fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

An Gia Real Estate Investment and Development Corporation (AGG) currently trades at 11,350 VND, while our model-based Fair Value estimate is 28,375 VND, implying the stock looks roughly 150.0% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, An Gia Real Estate Investment and Development Corporation generated revenue of 620B VND at a net margin of 92.9%. Revenue declined 47.0% year over year. It earns a return on equity of 16.4%. Net debt stands at 913B VND. Fundamentals as of Aug 13, 2026

Our scenario range runs from 20,275 VND (bear case) to 35,524 VND (bull case); at 11,350 VND, the current price sits below 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 49% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at 150%, AGG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Residual Income 19,639 VND 22,935 VND 49,581 VND 76
Gordon GGM 13.77 VND 15.14 VND 17.25 VND 70
DDM Multi-Stage 13.77 VND 17.57 VND 23.07 VND 61
All 9 models by family
Dividend Discount
Gordon GGM 13.77 VND 15.14 VND 17.25 VND 70
DDM Multi-Stage 13.77 VND 17.57 VND 23.07 VND 61
Multiples
P/S Multiple 24,868 VND 33,158 VND 41,447 VND 58
P/B Multiple 29,747 VND 39,663 VND 49,579 VND 55
EV/EBIT 42,400 VND 56,743 VND 71,085 VND 53
EV/EBITDA 33,285 VND 44,589 VND 55,894 VND 54
EV/Revenue 23,103 VND 33,273 VND 43,443 VND 43
Asset-Based
NCAV (Graham) 10,813 VND 14,490 VND 21,626 VND 50
Economic Profit
Residual Income 19,639 VND 22,935 VND 49,581 VND 76

Widest divergence: Multiples (39,663 VND) versus Dividend Discount (15.14 VND). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 620B VND
Revenue growth (YoY) -47.0%
Net margin 92.9%
Return on equity 16.4%
Free cash flow −245B VND FY2025
P/E ratio 3.2
More key figures
Operating margin -8.4%
EPS (TTM) 3,544 VND
EPS growth (YoY) +251%
Net debt 913B VND FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 44 · Market factors (momentum, volatility) 35

Profitability 43
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 75
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.

About the company

An Gia Real Estate Investment and Development Corporation, together with its subsidiaries, engages in development of real estate properties in Vietnam. The company develops mid-end condominiums. It also offers real estate trading, brokerage, management, and exchange services.

Full company description

An Gia Real Estate Investment and Development Corporation, together with its subsidiaries, engages in development of real estate properties in Vietnam. The company develops mid-end condominiums. It also offers real estate trading, brokerage, management, and exchange services. In addition, the company is involved in the provision of management consulting; advertising; marketing research and public opinion polling; and convention and trading shows organization services. Further, it constructs buildings, other civil projects, railway and road projects, and utility projects, as well as engages in demolition and site preparation activities. The company was founded in 2006 and is headquartered in Ho Chi Minh City, Vietnam.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

An Gia Real Estate Investment and Development Corporation reported revenue of 829B VND in FY2025 versus 1.8T VND in FY2021, a compound −17.7%/yr. Reported net income was 379B VND in FY2025, compounding −2.5%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
829B VND
Avg. 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.
+1.9%
Revenue −17.7%/yr
FY21 1.8T VND
FY22 6.2T VND
FY23 3.9T VND
FY24 1.9T VND
FY25 829B VND
Net income −2.5%/yr
FY21 419B VND
FY22 19.0B VND
FY23 175B VND
FY24 298B VND
FY25 379B VND

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Cite: Fair Value Calculator (2026). "An Gia Real Estate Investment and Development Corporation Fair Value". https://www.fairvalue-calculator.com/stock/AGG

Peer Group

Real Estate - Diversified · 139 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 48 · Below median
Fair Value upside +150% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 93% · Top 25%
Operating margin (TTM) -8% · Bottom 25%
Revenue growth -47% · Bottom 25%
Debt / equity 0.06× · Lower than 75% of peers

Valuation Multiples vs Real Estate - Diversified median · lower = cheaper

P/E (TTM) 3.2× · Cheaper than 75% of peers
P/B 0.52× · Pricier than median
P/S (TTM) 2.98× · Pricier than median
EV/EBITDA 8.0× · Cheaper than median

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.

VALUE 100 · sector 46
FUTURE 0 · sector 29
PAST 66 · sector 17
HEALTH 97 · sector 75
DIVIDEND 0 · sector 44

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Frequently asked questions

Is An Gia Real Estate Investment and Development Corporation (AGG) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 28,375 VND versus a price of 11,350 VND, about +150% (undervalued).
What is the fair value of AGG?
Our model-based fair value for An Gia Real Estate Investment and Development Corporation is 28,375 VND (as of Aug 13, 2026), built from audited fundamentals. The current price is 11,350 VND.
What is the quality score of AGG?
An Gia Real Estate Investment and Development Corporation has a Quality Score of 47/100. 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 An Gia Real Estate Investment and Development Corporation (AGG)?
An Gia Real Estate Investment and Development Corporation reported trailing-twelve-month revenue of about 620B VND (latest available figure, as of Aug 13, 2026).
What is the net profit margin of AGG?
The net profit margin of An Gia Real Estate Investment and Development Corporation is about 92.9%, meaning it keeps roughly 92.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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