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Dien Quang Group (DQC) Fair Value & Analysis

Industrials · VN · Market cap 273B VND

DQ Dien Quang Group DQC · VN
Price10,000 VND
Fair Value9,241 VND
Upside-7.6%
Quality63/100
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Weak Growth
Thin margins · 1.0% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Narrow moat 29/100
Evidence: High Range 7,981 VND – 10,387 VND Share as image

Fair value as of: Jul 14, 2026

From 22 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from 9,264 VND to 9,241 VND (−0.3%) since Jun 24, 2026. Share price −2.0% over the past month.

A solid business, 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.
  • Our model range runs from 7,981 VND (bear) to 10,387 VND (bull), base 9,241 VND. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 63/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

64,900 VND 8,700 VND Fair Value 9,241 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 8,700 VND – 64,900 VND · fair‑value band 7,981 VND – 10,387 VND · the 10,000 VND price screens above the 9,241 VND fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Dien Quang Group (DQC) currently trades at 10,000 VND, while our model-based Fair Value estimate is 9,241 VND, implying the stock looks roughly 7.6% fairly valued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Dien Quang Group generated revenue of 1.0T VND at a net margin of 1.0%. Revenue grew 63.4% year over year. It earns a return on equity of 1.5%. Net debt stands at 49.6B VND. Fundamentals as of Jul 14, 2026

Our scenario range runs from 7,981 VND (bear case) to 10,387 VND (bull case); at 10,000 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 26% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -8%, DQC 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
Growth DCF 27,293 VND 37,442 VND 55,593 VND 80
Residual Income 19,001 VND 17,497 VND 12,499 VND 76
Rev-Margin DCF 14,112 VND 17,916 VND 22,870 VND 74
All 22 models by family
DCF Models
FCF DCF 26,038 VND 36,395 VND 56,441 VND 38
Owner Earnings 7,633 VND 10,256 VND 15,333 VND 31
5Y Revenue Exit 14,112 VND 17,359 VND 22,044 VND 39
5Y EBITDA Exit 18,508 VND 24,961 VND 33,542 VND 41
5Y P/E Exit 11,562 VND 12,950 VND 14,705 VND 38
10Y Revenue Exit 18,251 VND 21,164 VND 24,047 VND 36
10Y EBITDA Exit 21,154 VND 25,997 VND 31,003 VND 37
10Y P/E Exit 16,838 VND 18,362 VND 19,608 VND 35
Earnings-Based
Graham-Dodd 837.95 VND 1,048 VND 1,187 VND 54
EPV 7,550 VND 8,636 VND 9,602 VND 59
Multiples
P/E Multiple 1,941 VND 2,588 VND 3,235 VND 63
P/S Multiple 1,571 VND 2,095 VND 2,619 VND 58
P/B Multiple 1,571 VND 2,095 VND 2,619 VND 55
EV/EBIT 10,115 VND 13,023 VND 15,931 VND 53
EV/EBITDA 16,220 VND 21,163 VND 26,106 VND 54
EV/Revenue 7,618 VND 10,286 VND 12,955 VND 43
Asset-Based
NCAV (Graham) 13,927 VND 18,662 VND 27,854 VND 50
Growth DCF
Growth DCF 27,293 VND 37,442 VND 55,593 VND 80
Rev-Margin DCF 14,112 VND 17,916 VND 22,870 VND 74
Economic Profit
Residual Income 19,001 VND 17,497 VND 12,499 VND 76
ROIC Compounder 7,550 VND 8,636 VND 9,602 VND 72
Growth Earnings
Growth-Adj P/E 1,370 VND 1,958 VND 2,545 VND 68

Widest divergence: Asset-Based (18,662 VND) versus Earnings-Based (1,048 VND). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.0T VND
Revenue growth (YoY) +63.4%
Net margin 1.0%
Return on equity 1.5%
Free cash flow 66.3B VND FY2025
P/E ratio 24.4
More key figures
Operating margin 2.9%
EPS (TTM) 386.87 VND
EPS growth (YoY) +250%
Net debt 49.6B VND FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 37

Profitability 28
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 82
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

Dien Quang Group Joint Stock Company provides electrical equipment and smart controls; and lighting products, services, and solutions in Vietnam and internationally.

Full company description

Dien Quang Group Joint Stock Company provides electrical equipment and smart controls; and lighting products, services, and solutions in Vietnam and internationally. The company manufactures and trades in various types of light bulbs, ballasts, starters, electrical wires, lighting equipment, glass tubes, and other glass products; and trades in raw materials, supplies, spare parts for lighting equipment, civil and industrial equipment, and chemicals. It also provides commercial brokerage; vocational training; and travel services. In addition, the company engages in consulting, construction, and maintenance of electrical systems and lighting systems in industrial and civil works; and medium and low-voltage electrical, public lighting, industrial and civil works, refrigeration, fire prevention and fighting and water supply and drainage, automated electrical, and information electrical systems. Further, it undertakes civil, industrial, and infrastructure works; engages in consulting, designing, and constructing of information technology infrastructure; installs electrical systems; and provides interior decoration design services, as well as electronic components and devices. The company was formerly known as Dien Quang Lamp Joint Stock Company and changed its name to Dien Quang Group Joint Stock Company in May 2023. Dien Quang Group Joint Stock Company was founded in 1973 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

Dien Quang Group reported revenue of 920B VND in FY2025 versus 734B VND in FY2021, a compound +5.8%/yr. Reported net income was 3.4B VND in FY2025, compounding −37.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
920B VND
Latest YoY
+13.0%
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.
−2.4%
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.
−0.4%
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.
+1.8%
Revenue +5.8%/yr
FY21 734B VND
FY22 990B VND
FY23 859B VND
FY24 814B VND
FY25 920B VND
Net income −37.1%/yr
FY21 21.7B VND
FY22 13.8B VND
FY23 −34.4B VND
FY24 −123B VND
FY25 3.4B VND

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Cite: Fair Value Calculator (2026). "Dien Quang Group Fair Value". https://www.fairvalue-calculator.com/stock/DQC

Peer Group

Electrical Equipment & Parts · 526 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 63 · Top 25%
Fair Value upside −8% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 63% · Top 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 26.4× · Cheaper than median
P/B 0.36× · Cheaper than 75% of peers
P/S (TTM) 0.27× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 5.1× · Cheaper than 75% of peers

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 23 · sector 0
FUTURE 100 · sector 57
PAST 6 · sector 26
HEALTH 100 · sector 97
DIVIDEND 0 · sector 18

Insider activity: 45/100

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

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

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Dien Quang Group (DQC) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 9,241 VND versus a price of 10,000 VND, about −8% (fairly valued).
What is the fair value of DQC?
Our model-based fair value for Dien Quang Group is 9,241 VND (as of Jul 14, 2026), built from audited fundamentals. The current price is 10,000 VND.
What is the quality score of DQC?
Dien Quang Group has a Quality Score of 63/100. 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 Dien Quang Group (DQC)?
Dien Quang Group reported trailing-twelve-month revenue of about 1.0T VND (latest available figure, as of Jul 14, 2026).
What is the net profit margin of DQC?
The net profit margin of Dien Quang Group is about 1.0%, meaning it keeps roughly 1.0% 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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