Ba Ria - Vung Tau House Development Joint Stock Company (HDC) Fair Value & Analysis
Real Estate · VN · Market cap 3.0T VND
Fair value as of: Jul 20, 2026
From 10 valuation models · updated 21 days ago
Share price −18.4% 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.
How to read this chart
60‑month range 10,900 VND – 46,403 VND · fair‑value band 8,235 VND – 13,724 VND · the 11,950 VND price screens above the 10,979 VND fair value. Dashed = 300-day average. As of Jul 20, 2026.
Analysis
Ba Ria - Vung Tau House Development Joint Stock Company (HDC) currently trades at 11,950 VND, while our model-based Fair Value estimate is 10,979 VND, implying the stock looks roughly 8.1% fairly valued today. The Quality Score stands at 30/100 (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).
Trailing-twelve-month revenue stands at 606B VND. Revenue grew 151.3% year over year. It earns a return on equity of 26.0%. Net debt stands at 1.7T VND. Fundamentals as of Jul 20, 2026
Our scenario range runs from 8,235 VND (bear case) to 13,724 VND (bull case); at 11,950 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 68% 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 -8%, HDC 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.
All 10 models by family
Widest divergence: Multiples (47,295 VND) versus Dividend Discount (44.21 VND). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 31 · Market factors (momentum, volatility) 17
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
Ba Ria - Vung Tau House Development Joint Stock Company, together with its subsidiaries, engages in real estate business in Vietnam.
Full company description
Ba Ria - Vung Tau House Development Joint Stock Company, together with its subsidiaries, engages in real estate business in Vietnam. It is involved in the house trading, construction investment, post business, apartment management, real estate exchange management, real estate brokeraging, real estate valuation, construction materials trading, tourism service business, development and construction for urban area and industrial zone, implementing civil, industrial and traffic engineering, making concrete and other cement related products, and repairing and maintenance of elevators. it also involved in the constructing civil architectures, trading real estate, land use rights, buying houses, constructions for sales, lease, investing for refinery and infrastructure, constructing and managing apartments, water park, housing business, real estate business, including land use rights owned by the enterprise, land use rights under ownership, and land use rights leased by the enterprise. In addition, it invests in new urban areas and housing; real estate business; construction of civil industry, transport works; production of concrete and products from cement, mortar; and hotel business. The company was founded in 1990 and is based in Vung Tàu, Vietnam.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ba Ria - Vung Tau House Development Joint Stock Company reported revenue of 456B VND in FY2025 versus 1.4T VND in FY2021, a compound −23.8%/yr. Reported net income was 639B VND in FY2025, compounding +19.9%/yr from FY2021.
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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.
Valuation Multiples vs Real Estate - Development 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 - Development stocks, each showing price versus our Fair Value estimate (as of Jul 20, 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% |
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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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