EN DE

Development Investment Construction Joint Stock Corporation (DIG) Fair Value & Analysis

Real Estate · VN · Market cap 9.5T VND

DI Development Investment Construction Joint Stock Corporation DIG · VN
Price11,000 VND
Fair Value11,729 VND
Upside+6.6%
Quality48/100
Watch Development Investment Construction Joint Stock Corporation for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Solidly profitable · 14.3% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 38/100
Evidence: High Range 8,797 VND – 14,661 VND Share as image

Fair value as of: Jul 16, 2026

From 16 valuation models · updated 25 days ago

Share price −10.6% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

84,908 VND 8,733 VND Fair Value 11,729 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 8,733 VND – 84,908 VND · fair‑value band 8,797 VND – 14,661 VND · the 11,000 VND price screens below the 11,729 VND fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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

Analysis

Development Investment Construction Joint Stock Corporation (DIG) currently trades at 11,000 VND, while our model-based Fair Value estimate is 11,729 VND, implying the stock looks roughly 6.6% fairly valued today. The Quality Score stands at 48/100 (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, Development Investment Construction Joint Stock Corporation generated revenue of 4.7T VND at a net margin of 14.3%. Revenue declined 5.4% year over year. It earns a return on equity of 7.1%. Net debt stands at 3.1T VND. Fundamentals as of Jul 16, 2026

Our scenario range runs from 8,797 VND (bear case) to 14,661 VND (bull case); at 11,000 VND, the current price sits within 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 56% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 7%, DIG screens richer 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
Growth DCF 36,306 VND 72,449 VND 133,149 VND 80
Residual Income 10,103 VND 10,534 VND 11,189 VND 76
Rev-Margin DCF 22,086 VND 34,499 VND 60,692 VND 74
All 16 models by family
DCF Models
FCF DCF 38,340 VND 60,001 VND 130,828 VND 38
5Y Revenue Exit 20,430 VND 30,486 VND 51,306 VND 39
5Y EBITDA Exit 23,855 VND 37,414 VND 63,909 VND 41
10Y Revenue Exit 25,308 VND 45,788 VND 56,825 VND 36
10Y EBITDA Exit 28,336 VND 53,338 VND 94,928 VND 37
Dividend Discount
Gordon GGM 22.75 VND 49.66 VND 83.55 VND 70
DDM Multi-Stage 22.75 VND 40.68 VND 51.75 VND 61
Multiples
P/S Multiple 10,349 VND 13,799 VND 17,249 VND 58
P/B Multiple 10,349 VND 13,799 VND 17,249 VND 55
EV/EBIT 20,960 VND 26,957 VND 32,953 VND 53
EV/EBITDA 18,034 VND 23,055 VND 28,076 VND 54
EV/Revenue 12,892 VND 17,144 VND 21,396 VND 43
Asset-Based
NCAV (Graham) 6,261 VND 8,390 VND 12,523 VND 50
Growth DCF
Growth DCF 36,306 VND 72,449 VND 133,149 VND 80
Rev-Margin DCF 22,086 VND 34,499 VND 60,692 VND 74
Economic Profit
Residual Income 10,103 VND 10,534 VND 11,189 VND 76

Widest divergence: DCF Models (45,788 VND) versus Dividend Discount (40.68 VND). Highest evidence: Growth DCF (80).

Notify me when DIG reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 4.7T VND
Revenue growth (YoY) -5.4%
Net margin 14.3%
Return on equity 7.1%
Free cash flow 1.6T VND FY2025
P/E ratio 11.6
More key figures
Operating margin -13.6%
EPS (TTM) 1,030 VND
EPS growth (YoY) +309%
Net debt 3.1T VND FY2024

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 54 · Market factors (momentum, volatility) 19

Profitability 30
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 91
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
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

Development Investment Construction Joint Stock Corporation, together with its subsidiaries, engages in real estate, construction, and service sectors in Vietnam.

Full company description

Development Investment Construction Joint Stock Corporation, together with its subsidiaries, engages in real estate, construction, and service sectors in Vietnam. The company invests and develops new urban areas and industrial zones; invests, trades, and develops real estate and technical infrastructure of urban areas, transportation construction, and irrigation; management consulting activities; education activities; care and nursing activities; investment in industrial park; gold course and related services business; and construction of other civil and engineering works. It is also involved in investment, construction, and management operation of apartment buildings; manufacturing of plastic doors and high-end wooden doors; exploitation of stone, sand, gravel, and clay; production of commercial fresh concrete and prefabricated concrete structures, as well as construction stone, terrazzo tiles, block bricks, tunnel bricks, and clay. In addition, the company engages in the production and trade of ceramic tiles; mining business; trading building materials, and interior and exterior decorations; export of clinker, cement, limestone, wood pellets, and rubber; and import of gypsum, steel, round wood, and slag. Further, it is involved in travel services, passenger transportation, and hotel business; luxury tourism apartment and tourism business; house trading; real estate brokerage; and real estate services, real estate management, and property auction. The company was formerly known as Development Investment Construction Corporation and changed its name to Development Investment Construction Joint Stock Corporation in January 2008. Development Investment Construction Joint Stock Corporation was founded in 1990 and is headquartered in Vung Tàu, Vietnam.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Development Investment Construction Joint Stock Corporation reported revenue of 4.7T VND in FY2025 versus 2.6T VND in FY2021, a compound +16.4%/yr. Reported net income was 646B VND in FY2025, compounding −10.0%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.7T VND
Latest YoY
+262.6%
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.
+35.5%
Avg. 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.
+13.7%
Avg. growth/yr (6Y) 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.
+14.3%
Revenue +16.4%/yr
FY21 2.6T VND
FY22 1.9T VND
FY23 1.0T VND
FY24 1.3T VND
FY25 4.7T VND
Net income −10.0%/yr
FY21 986B VND
FY22 144B VND
FY23 119B VND
FY24 115B VND
FY25 646B VND

Watch DIG: get an alert when its fair value changes →

Share or link this analysis
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.

Cite: Fair Value Calculator (2026). "Development Investment Construction Joint Stock Corporation Fair Value". https://www.fairvalue-calculator.com/stock/DIG

Peer Group

Real Estate - Development · 588 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 50 · Above median
Fair Value upside +7% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 14% · Above median
Operating margin (TTM) -14% · Bottom 25%
Revenue growth -5% · Below median
Debt / equity 0.09× · Lower than median

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

P/E (TTM) 11.6× · Cheaper than median
P/B 0.95× · Pricier than median
P/S (TTM) 2.01× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 7.7× · 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 42 · sector 48
FUTURE 0 · sector 0
PAST 28 · sector 10
HEALTH 95 · sector 84
DIVIDEND 0 · sector 38

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.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

Compare Development Investment Construction Joint Stock Corporation with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Development Investment Construction Joint Stock Corporation (DIG) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 11,729 VND versus a price of 11,000 VND, about +7% (fairly valued).
What is the fair value of DIG?
Our model-based fair value for Development Investment Construction Joint Stock Corporation is 11,729 VND (as of Jul 16, 2026), built from audited fundamentals. The current price is 11,000 VND.
What is the quality score of DIG?
Development Investment Construction Joint Stock Corporation has a Quality Score of 48/100. 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 Development Investment Construction Joint Stock Corporation (DIG)?
Development Investment Construction Joint Stock Corporation reported trailing-twelve-month revenue of about 4.7T VND (latest available figure, as of Jul 16, 2026).
What is the net profit margin of DIG?
The net profit margin of Development Investment Construction Joint Stock Corporation is about 14.3%, meaning it keeps roughly 14.3% 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.

14 days Pro free · no card

Track Development Investment Construction Joint Stock Corporation and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.