Hoang Quan Consulting - Trading - Service Real Estate Corporation (HQC) Fair Value & Analysis
Real Estate · VN · Market cap 1.4T VND
Fair value as of: Jul 15, 2026
From 4 valuation models · updated 26 days ago
Share price −12.4% over the past month.
Below-average quality, and screening another 64% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (978.93 VND). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
- 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 15, 2026.
How to read this chart
60‑month range 1,610 VND – 10,500 VND · fair‑value band 587.36 VND – 978.93 VND · the 2,180 VND price screens above the 783.14 VND fair value. Dashed = 300-day average. As of Jul 15, 2026.
Analysis
Hoang Quan Consulting - Trading - Service Real Estate Corporation (HQC) currently trades at 2,180 VND, while our model-based Fair Value estimate is 783.14 VND, implying the stock looks roughly 64.1% overvalued today. The Quality Score stands at 47/100 (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 25.8B VND. Revenue declined 89.3% year over year. It earns a return on equity of 1.3%. Net debt stands at 1.2T VND. Fundamentals as of Jul 15, 2026
Our scenario range runs from 587.36 VND (bear case) to 978.93 VND (bull case); at 2,180 VND, the current price sits above 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 49% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -13% fair-value upside, at -64%, HQC 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 4 models by family
Widest divergence: Asset-Based (6,326 VND) versus Multiples (783.14 VND). Highest evidence: Residual Income (61).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 26
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 Quan Consulting - Trading - Service Real Estate Corporation, together with its subsidiaries, engages in the real estate, education, and finance businesses in Vietnam.
Full company description
Hoang Quan Consulting - Trading - Service Real Estate Corporation, together with its subsidiaries, engages in the real estate, education, and finance businesses in Vietnam. The company develops, invests in, and manages social housing projects, housing for workers, industrial park infrastructures, and residential properties, as well as invests in commercial real estate properties. It also offers architectural design for the civil and industrial works and construction planning; constructing civil, industrial, traffic, and backfilling works, as well as infrastructure for industrial parks and residential areas; legal consultancy for projects, preparing investment projects, and quality inspection for the construction works. In addition, the company provides appraisal services, including valuating the real estates, such as houses, workshops, infrastructures, land, etc.; machines, plants, production chains, means of transportation; investment projects comprising high-rise building, office building, industrial parks, hotels, tourism etc.; and brand value, value of intangible assets, business advantages; and forests, natural resources and mineral exploitation rights etc. Further, it offers real estate market research; information consulting the price of assets, goods, and services in the markets, etc.; and appraisal and real estate training services, as well as legal and consulting services. Additionally, the company engages in investment activities, high-tech agriculture, civil and industrial construction business, and educational services. Hoang Quan Consulting - Trading - Service Real Estate Corporation was founded in 2000 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
Hoang Quan Consulting - Trading - Service Real Estate Corporation reported revenue of 69.5B VND in FY2025 versus 279B VND in FY2021, a compound −29.4%/yr. Reported net income was 70.2B VND in FY2025, compounding +102.8%/yr from FY2021.
HQC screens 64% overvalued. Compare with Vingroup Joint Stock Company →
Peer Group
Real Estate Services · 520 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 Services 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.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
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 Services stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vingroup Joint Stock Company VIC | 223,000 VND | 25,731 VND | -88% |
| KE Holdings 2423 | HK$44.76 | HK$18.03 | -60% |
| Swire Properties Limited 1972 | HK$23.90 | HK$18.75 | -22% |
| China Resources Mixc Lifestyle Services Limited 1209 | HK$39.92 | HK$34.92 | -13% |
| Plaza S.A MALLPLAZA | 3,725 CLP | 5,571 CLP | +50% |
| SAGAA SAGAA | kr 170.00 | kr 75.55 | -56% |
| Cencosud Shopping S.A CENCOMALLS | 2,324 CLP | 2,976 CLP | +28% |
| WHA Corporation WHAR | 5.45 THB | 4.14 THB | -24% |
| PT Sarana Menara Nusantara Tbk. owns and TOWR | 372.00 IDR | 1,208 IDR | +225% |
| PT Metropolitan Kentjana Tbk MKPI | 20,975 IDR | 19,160 IDR | -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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