Deo Ca Traffic Infrastructure Investment JSC (HHV) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Deo Ca Traffic Infrastructure Investment JSC VND 16,575, price VND 9,150, upside +81.2%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 4,946 VND – 19,717 VND · fair‑value band 9,856 VND – 40,420 VND · the 9,150 VND price screens below the 16,575 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Deo Ca Traffic Infrastructure Investment Joint Stock Company, together with its subsidiaries, operates in the transport infrastructure business in Vietnam.
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Deo Ca Traffic Infrastructure Investment Joint Stock Company, together with its subsidiaries, operates in the transport infrastructure business in Vietnam. The company engages in the build, operation, and transfer of toll stations; construction activities; provision of transshipment services; operating and maintaining tunnels; highways, national roads, and other transportation infrastructure; and ensuring traffic during natural disasters. It is also involved in investing in transport infrastructure projects; consulting and managing, constructing, and installing projects as a general contractor; and investing in and developing real estate projects and services associated with expressways. In addition, the company manufactures non-alcoholic beverages, mineral waters, builders' carpentry and joinery, refined petroleum products, plastics and synthetic rubber in primary forms, clay building materials, concrete and articles of concrete, cement and plaster, structural metal products, other fabricated metal products; and electric power generation, consumer electronics and other manufacturing. Deo Ca Traffic Infrastructure Investment Joint Stock Company was founded in 1974 and is headquartered in Da Nang, Vietnam.
Stock analysis
Deo Ca Traffic Infrastructure Investment JSC (HHV) currently trades at 9,150 VND, while our model-based Fair Value estimate is 16,575 VND, implying the stock looks roughly 44.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 23,783 VND per share, and 10 of the 13 models we run sit above the 9,150 VND price.
Bear case: the Growth DCF group reads lowest at 7,025 VND, and 3 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 9,856 VND (bear) to 40,420 VND (bull), the price of 9,150 VND sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Deo Ca Traffic Infrastructure Investment JSC reported revenue of 3.8T VND in FY2025 versus 1.9T VND in FY2021, a compound +19.5%/yr. Reported net income was 581B VND in FY2025, compounding +21.2%/yr from FY2021.
Key figures
Market cap 5.9T VND · P/E ratio 7.5 · P/S ratio 1.14 · EPS (TTM) 1,225 VND · Net margin 15.3% · Return on equity 5.9% · Return on assets (EBIT) 3.0% · Operating margin 54.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 81%, HHV screens cheaper than that median.
Fair Value models
Bear 9,856 VNDFair Value 16,575 VNDBull 40,420 VND
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (899.78 VND per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+22.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+25.9%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in VND ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in VND: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+9.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.0%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.50% → 40%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Vietnam: IMF forecast 4.1% a year to 2030, 3.1% from 2016 to 2025) that is about +8.2% a year for the price.
Compare Deo Ca Traffic Infrastructure Investment JSC with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Infrastructure Operations · 68 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside+81% · Above median
Profitability
Return on equity (TTM)6% · Below median
Return on assets3% · Below median
Net margin (TTM)15% · Above median
Operating margin (TTM)55% · Top 25%
Growth and dividend
Revenue growth23% · Top 25%
Balance sheet
Debt / equity1.65× · Highest 25%
Valuation Multiplesvs Infrastructure Operations median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Deo Ca Traffic Infrastructure Investment JSC Fair Value". https://www.fairvalue-calculator.com/stock/HHV
Frequently asked questions
Is Deo Ca Traffic Infrastructure Investment JSC (HHV) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 16,575 VND versus a price of 9,150 VND, about +81% upside (undervalued).
What is the fair value of HHV?
Our model-based fair value for Deo Ca Traffic Infrastructure Investment JSC is 16,575 VND (as of Sep 24, 2026), built from audited fundamentals. The current price: 9,150 VND.
What is the quality score of HHV?
Deo Ca Traffic Infrastructure Investment JSC has a Quality Score of 43/100. 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 price target for Deo Ca Traffic Infrastructure Investment JSC (HHV)?
Our model-based price target is the fair value of 16,575 VND (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 9,856 VND, optimistic scenario 40,420 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Deo Ca Traffic Infrastructure Investment JSC stock forecast for 2026?
Our models put fair value at 16,575 VND, about +81% upside versus a price of 9,150 VND (undervalued). Cautious scenario 9,856 VND, optimistic scenario 40,420 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
Deo Ca Traffic Infrastructure Investment JSC reported trailing-twelve-month revenue of about 4.0T VND (latest available figure, as of Sep 24, 2026).
What growth is priced into Deo Ca Traffic Infrastructure Investment JSC (HHV)?
For today's price to be fair in a discounted-cash-flow model, Deo Ca Traffic Infrastructure Investment JSC would have to grow free cash flow by +12.6 % per year for five years (discount rate 15.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +25.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of HHV use?
Our models discount Deo Ca Traffic Infrastructure Investment JSC at 15.2 %: a base by market capitalisation (micro), damped by beta 0.71, country premium for Vietnam. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Deo Ca Traffic Infrastructure Investment JSC that is +12.6 % per year a year over ten years, using the same discount rate (15.2 %) and the same formula as our fair value.
How much growth has Deo Ca Traffic Infrastructure Investment JSC (HHV) delivered so far?
Over the past 5 years revenue at Deo Ca Traffic Infrastructure Investment JSC grew +25.9 % a year. The price currently implies +12.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Deo Ca Traffic Infrastructure Investment JSC (HHV) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Deo Ca Traffic Infrastructure Investment JSC (+12.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
The free-cash-flow yield on the price is 37.42 %: that much free cash flow Deo Ca Traffic Infrastructure Investment JSC produces per unit of market value. When it exceeds the discount rate of our models (15.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Deo Ca Traffic Infrastructure Investment JSC it is 16,575 VND per share (as of Sep 24, 2026), against a price of 9,150 VND. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Deo Ca Traffic Infrastructure Investment JSC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HHV trades below its calculated fair value: price 9,150 VND, fair value 16,575 VND, a gap of about +81% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HHV?
No. The price is what the market pays today (9,150 VND); the fair value is what the company's own numbers justify (16,575 VND). For Deo Ca Traffic Infrastructure Investment JSC the two are 7,425 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Deo Ca Traffic Infrastructure Investment JSC worth?
The market values Deo Ca Traffic Infrastructure Investment JSC at about 5.9T VND (market capitalisation, as of Sep 24, 2026). Per share that is 9,150 VND; our models calculate a fair value of 16,575 VND per share.
What do the bullish and bearish scenarios say about HHV?
Our models span a range for Deo Ca Traffic Infrastructure Investment JSC: cautious scenario 9,856 VND, base 16,575 VND, optimistic 40,420 VND per share (as of Sep 24, 2026, price 9,150 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HHV?
Deo Ca Traffic Infrastructure Investment JSC trades at a price-to-earnings ratio of 7.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16,575 VND is built from several models across several years. Other multiples: P/B 0.6, P/S 1.5, EV/EBITDA 10.8.
How solid is the balance sheet of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
Balance-sheet figures for Deo Ca Traffic Infrastructure Investment JSC (as of Sep 24, 2026): return on equity 5.9%, debt of 1.65 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is HHV from its 52-week high?
Deo Ca Traffic Infrastructure Investment JSC trades at 9,150 VND, about 41% below its 52-week high of 15,576 VND and at the low of 9,150 VND (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 16,575 VND is for.
Which stocks are comparable to Deo Ca Traffic Infrastructure Investment JSC?
From the same area (Industrials) we also value Transurban Group, China Merchants Expressway Network & Technology Holdings, Jiangsu Expressway Company, Shandong Hi-speed Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Deo Ca Traffic Infrastructure Investment JSC stock attractive at the current price?
The data as of Sep 24, 2026: price 9,150 VND, calculated fair value 16,575 VND (+81%), Quality Score 43/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HHV calculated?
We run Deo Ca Traffic Infrastructure Investment JSC through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 16,575 VND, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Deo Ca Traffic Infrastructure Investment JSC currently trades 81 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
The closing price on Sep 24, 2026 was 9,150 VND. Our model-based fair value is 16,575 VND, about +81% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Deo Ca Traffic Infrastructure Investment JSC right now?
The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (9,856 VND). The market is more pessimistic than our downside scenario. The model range is unusually wide (9,856 VND to 40,420 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.
Key figures of Deo Ca Traffic Infrastructure Investment JSC
How large is the market capitalisation of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
The market capitalisation of Deo Ca Traffic Infrastructure Investment JSC is 5.9T VND. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
The price-to-sales ratio of Deo Ca Traffic Infrastructure Investment JSC is 1.14 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
Earnings per share at Deo Ca Traffic Infrastructure Investment JSC are 1,225 VND (price ÷ EPS = P/E 7.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
The net margin of Deo Ca Traffic Infrastructure Investment JSC is 15.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
The return on equity (ROE) of Deo Ca Traffic Infrastructure Investment JSC is 5.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
On an EBIT basis the return on assets of Deo Ca Traffic Infrastructure Investment JSC is 3.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Deo Ca Traffic Infrastructure Investment JSC (HHV)?
The operating margin of Deo Ca Traffic Infrastructure Investment JSC is 54.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Deo Ca Traffic Infrastructure Investment JSC (HHV)?
Revenue at Deo Ca Traffic Infrastructure Investment JSC is growing +23.4% versus a year earlier (3y avg +22.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Deo Ca Traffic Infrastructure Investment JSC (HHV)?
Earnings per share at Deo Ca Traffic Infrastructure Investment JSC are growing +39.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Deo Ca Traffic Infrastructure Investment JSC (HHV) carry?
The net debt of Deo Ca Traffic Infrastructure Investment JSC is 17.9T VND (fiscal year 2025, ≈ 10.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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