Bluemarq Group (DXG) Fair Value & Analysis
Real Estate · VN · Market cap 15.3T VND
Fair value as of: Jul 17, 2026
From 16 valuation models · updated 23 days ago
Share price −11.6% over the past month.
Below-average quality, and screening another 23% overvalued on our models.
What matters now
- Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (5,458 VND to 10,944 VND) leaves room in how you read the outcome.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range 5,810 VND – 31,840 VND · fair‑value band 5,458 VND – 10,944 VND · the 10,700 VND price screens above the 8,201 VND fair value. Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Bluemarq Group (DXG) currently trades at 10,700 VND, while our model-based Fair Value estimate is 8,201 VND, implying the stock looks roughly 23.4% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Real Estate 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: medium).
Over the trailing twelve months, Bluemarq Group generated revenue of 4.6T VND at a net margin of 4.8%. Revenue grew 46.2% year over year. It earns a return on equity of 3.8%. Net debt stands at 1.4T VND. Fundamentals as of Jul 17, 2026
Our scenario range runs from 5,458 VND (bear case) to 10,944 VND (bull case); at 10,700 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 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at -23%, DXG 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.
All 16 models by family
Widest divergence: DCF Models (13,907 VND) versus Dividend Discount (830.64 VND). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 23
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
Bluemarq Group Joint Stock Company engages in the real estate business in Vietnam. The company is involved in the real estate development and investment business; provision of construction services and construction materials; and development of industrial parks, as well as undertakes apartment and commercial apartment projects.
Full company description
Bluemarq Group Joint Stock Company engages in the real estate business in Vietnam. The company is involved in the real estate development and investment business; provision of construction services and construction materials; and development of industrial parks, as well as undertakes apartment and commercial apartment projects. The company also provides real estate services, such as consulting, purchasing, brokerage, pricing, real estate management and activation, financial services, etc. In addition, it operates a technology platform, which offers project information that helps the buying and selling process. Bluemarq Group Joint Stock Company was formerly known as Dat Xanh Group Joint Stock Company and changed its name to Bluemarq Group Joint Stock Company in May 2026. The company was founded in 2003 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
Bluemarq Group reported revenue of 4.2T VND in FY2025 versus 10.1T VND in FY2021, a compound −19.7%/yr. Reported net income was 231B VND in FY2025, compounding −33.2%/yr from FY2021.
DXG screens 23% overvalued. Compare with Swiss Prime Site AG →
Peer Group
Real Estate - Diversified · 138 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.
Valuation Multiples vs Real Estate - Diversified median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Swiss Prime Site AG SPSN | CHF 129.20 | CHF 44.83 | -65% |
| Central Pattana Public Company CPN | 68.75 THB | 71.37 THB | +4% |
| Prestige Estates Projects Limited PRESTIGE | ₹1,733 | ₹645.21 | -63% |
| The Phoenix Mills Limited PHOENIXLTD | ₹2,076 | ₹701.74 | -66% |
| Fastighets AB BALDB | kr 50.42 | kr 70.70 | +40% |
| Umm Al Qura for Development and Construction Company 4325 | 16.39 SAR | 11.62 SAR | -29% |
| Hainan Airport Infrastructure Co 600515 | ¥2.89 | ¥0.3300 | -89% |
| Shenzhen Special Economic Zone Real Estate & Properties (Group) Co 000029 | ¥19.95 | ¥4.60 | -77% |
| Parque Arauco S.A PARAUCO | 3,940 CLP | 2,777 CLP | -30% |
| Corporación Inmobiliaria Vesta, S.A. VESTA | 59.57 MXN | 53.94 MXN | -9% |
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Frequently asked questions
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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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