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Hoang Huy Investment Services Joint Stock Company (HHS) Fair Value & Analysis

Industrials · VN · Market cap 4.3T VND

HH Hoang Huy Investment Services Joint Stock Company HHS · VN
Price9,990 VND
Fair Value94,482 VND
Upside+845.8%
Quality39/100
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Healthy Growth
Thin margins · 4.1% net margin
generates free cash flow
Trails peers (2/7)
Narrow moat 19/100
Evidence: Low Range 65,105 VND – 182,468 VND Share as image

Fair value as of: Aug 13, 2026

From 18 valuation models · updated today

Share price −5.8% over the past month.

Below-average quality, screening 846% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (65,105 VND). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (65,105 VND to 182,468 VND). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

19,700 VND 2,367 VND Fair Value 94,482 VND Apr 2021 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

60‑month range 2,367 VND – 19,700 VND · fair‑value band 65,105 VND – 182,468 VND · the 9,990 VND price screens below the 94,482 VND fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Hoang Huy Investment Services Joint Stock Company (HHS) currently trades at 9,990 VND, while our model-based Fair Value estimate is 94,482 VND, implying the stock looks roughly 845.8% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Industrials 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: low), always confirm before acting.

Over the trailing twelve months, Hoang Huy Investment Services Joint Stock Company generated revenue of 1.1T VND at a net margin of 4.1%. Revenue grew 25.5% year over year. It earns a return on equity of 0.2%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 65,105 VND (bear case) to 182,468 VND (bull case); at 9,990 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 51% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at 846%, HHS 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 82,159 VND 142,993 VND 3,109,070 VND 76
Growth DCF 79,306 VND 163,304 VND 304,373 VND 72
Gordon GGM 4,403 VND 9,613 VND 16,174 VND 70
All 18 models by family
DCF Models
FCF DCF 84,033 VND 134,374 VND 298,979 VND 38
5Y Revenue Exit 26,916 VND 34,438 VND 49,278 VND 39
5Y P/E Exit 128,174 VND 300,783 VND 538,908 VND 38
10Y Revenue Exit 43,072 VND 67,192 VND 74,542 VND 36
10Y P/E Exit 118,858 VND 290,378 VND 579,276 VND 35
Earnings-Based
Graham-Dodd 55,932 VND 390,062 VND 547,394 VND 54
Lynch FV 187,414 VND 267,734 VND 348,054 VND 50
PEG = 1.0 187,414 VND 267,734 VND 348,054 VND 46
Dividend Discount
Gordon GGM 4,403 VND 9,613 VND 16,174 VND 70
DDM Multi-Stage 4,403 VND 7,875 VND 10,018 VND 61
Multiples
P/E Multiple 135,718 VND 180,957 VND 226,196 VND 63
P/S Multiple 5,425 VND 7,233 VND 9,042 VND 58
P/B Multiple 54,669 VND 72,892 VND 91,115 VND 55
EV/Revenue 6,171 VND 8,031 VND 9,891 VND 43
Asset-Based
NCAV (Graham) 10,413 VND 13,954 VND 20,826 VND 50
Growth DCF
Growth DCF 79,306 VND 163,304 VND 304,373 VND 72
Economic Profit
Residual Income 82,159 VND 142,993 VND 3,109,070 VND 76
Growth Earnings
Growth-Adj P/E 252,325 VND 360,464 VND 468,603 VND 68

Widest divergence: Growth Earnings (360,464 VND) versus Dividend Discount (7,875 VND). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.1T VND
Revenue growth (YoY) +25.5%
Net margin 4.1%
Return on equity 0.2%
Free cash flow 2.0T VND FY2025
Operating margin 3.1%
More key figures
EPS (TTM) -564.06 VND
EPS growth (YoY) -99.4%

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

Quality Score breakdown

Overall quality 39/100

Of which business quality 47 · Market factors (momentum, volatility) 27

Profitability 58
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 1
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

Hoang Huy Investment Services Joint Stock Company engages in the trading of passenger cars, trucks, auxiliary equipment, and related spare parts in Vietnam.

Full company description

Hoang Huy Investment Services Joint Stock Company engages in the trading of passenger cars, trucks, auxiliary equipment, and related spare parts in Vietnam. The company is also involved in the real estate business, land use rights owned, used, or leased, as well as leasing houses and construction works for sublease; construction of residential buildings and non-residential for lease; construction of buildings and structures other than residential housing for sale, lease, or lease-purchase; and sale of spare parts and accessories for automobiles and other motor vehicles. It also engages in manufacture of spare parts and accessories for motor vehicles and vehicle engines; wholesale of automobiles and other motor vehicles; maintenance and repair of automobiles and other motor vehicles; completion of construction works; and dealership of automobiles and other motor vehicles. Hoang Huy Investment Services Joint Stock Company was founded in 2008 and is headquartered in Hai Phong, Vietnam.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hoang Huy Investment Services Joint Stock Company reported revenue of 893B VND in FY2025 versus 516B VND in FY2021, a compound +14.7%/yr. Reported net income was 3.6T VND in FY2025, compounding +97.7%/yr from FY2021.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
893B VND
Latest YoY
+56.3%
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.
+32.3%
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.
+8.1%
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.
+7.1%
Revenue +14.7%/yr
FY21 516B VND
FY22 385B VND
FY23 367B VND
FY24 571B VND
FY25 893B VND
Net income +97.7%/yr
FY21 233B VND
FY22 222B VND
FY23 348B VND
FY24 367B VND
FY25 3.6T VND

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Cite: Fair Value Calculator (2026). "Hoang Huy Investment Services Joint Stock Company Fair Value". https://www.fairvalue-calculator.com/stock/HHS.VN

Peer Group

Farm & Heavy Construction Machinery · 150 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 39 · Bottom 25%
Return on equity (TTM) 0% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) 3% · Bottom 25%
Revenue growth 26% · Top 25%

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/FCF 0.0× · 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 0 · sector 22
FUTURE 100 · sector 31
PAST 1 · sector 33
HEALTH 0 · sector 93
DIVIDEND 0 · sector 39

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 Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $952.41 $307.83 -68%
Deere & Company DE $597.24 $187.86 -69%
AB Volvo (publ), VOLVA kr 336.60 kr 288.08 -14%
PACCAR Inc PCAR $126.20 $94.80 -25%
Epiroc AB EPIA kr 251.90 kr 144.14 -43%
Exor N.V EXO €69.40 €219.41 +216%
Sany Heavy Industry Co 600031 ¥18.65 ¥20.84 +12%
XCMG Construction Machinery Co 000425 ¥8.39 ¥11.79 +41%
Sinotruk (Hong Kong) Limited 3808 HK$41.00 HK$53.51 +31%
Yutong Bus Co 600066 ¥32.29 ¥42.00 +30%

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Frequently asked questions

Is Hoang Huy Investment Services Joint Stock Company (HHS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 94,482 VND versus a price of 9,990 VND, about +846% (undervalued).
What is the fair value of HHS?
Our model-based fair value for Hoang Huy Investment Services Joint Stock Company is 94,482 VND (as of Aug 13, 2026), built from audited fundamentals. The current price is 9,990 VND.
What is the quality score of HHS?
Hoang Huy Investment Services Joint Stock Company has a Quality Score of 39/100. 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 Hoang Huy Investment Services Joint Stock Company (HHS)?
Hoang Huy Investment Services Joint Stock Company reported trailing-twelve-month revenue of about 1.1T VND (latest available figure, as of Aug 13, 2026).
What is the net profit margin of HHS?
The net profit margin of Hoang Huy Investment Services Joint Stock Company is about 4.1%, meaning it keeps roughly 4.1% 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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