EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Becamex Infrastructure Development JSC (IJC) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Becamex Infrastructure Development JSC VND 13,710, price VND 6,810, upside +101.3%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Industrials · VN · ISIN VN000000IJC4

BI Thin data Sep 24, 2026

Becamex Infrastructure Development JSC

IJC · VN

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value 13,710 VND · Strongly undervalued (+101%)
!Quality 38/100
!Weak Growth (revenue 5y −5.6 %/yr)
✓Highly profitable · 38.4% net margin (TTM)
!Low debt · negative free cash flow
✓Ranks above peers (10/13)
✓Wide moat 68/100
!Evidence only low, so the estimate is less certain
Watch Becamex Infrastructure Development JSC for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

18,716 VND 4,728 VND Fair Value 13,710 VND Jun 2021 Sep 2026

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 4,728 VND – 18,716 VND · fair‑value band 10,283 VND – 17,138 VND · the 6,810 VND price screens below the 13,710 VND fair value. Dashed = 300-day average. As of Sep 24, 2026.

Follow Becamex Infrastructure Development JSC in your weekly email

Every Wednesday you see whether Becamex Infrastructure Development JSC is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Becamex Infrastructure Development Joint Stock Company engages in investment, construction, and real estate businesses in Vietnam. It operates through the Sale of Toll Tickets, Trading Real Estate, Trading Investment Properties, Construction, Business Cooperation Contract, and Other segments.

Show more

Becamex Infrastructure Development Joint Stock Company engages in investment, construction, and real estate businesses in Vietnam. It operates through the Sale of Toll Tickets, Trading Real Estate, Trading Investment Properties, Construction, Business Cooperation Contract, and Other segments. The company engages in the investment, construction, and operation of technical infrastructure of industrial parks, residences, and urban areas; operation, maintenance, and repair of toll stations; sale of toll tickets; provision of real estate brokerage, valuation, trading floor, consultancy, auction, advertising, management, and trading services; leasing and rental of properties, equipment, and furniture; construction of social houses, public works, and civil and industrial works; and operation of restaurants and hotels. It is also involved in the provision of catering and event organization services; airline and train ticket agency; operation of trade centers; tourism; and passenger transport. Becamex Infrastructure Development Joint Stock Company was incorporated in 2007 and is headquartered in Thu Dau Mot, Vietnam.

Stock analysis

Becamex Infrastructure Development JSC (IJC) currently trades at 6,810 VND, while our model-based Fair Value estimate is 13,710 VND, implying the stock looks roughly 50.3% undervalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of 16,130 VND per share, and 7 of the 9 models we run sit above the 6,810 VND price.

Bear case: the Dividend Discount group reads lowest at 2,238 VND, and 2 of the 9 models stay below the price. Evidence for this calculation is low.

Scenario range: 10,283 VND (bear) to 17,138 VND (bull), the price of 6,810 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 38/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Becamex Infrastructure Development JSC reported revenue of 1.6T VND in FY2025 versus 2.6T VND in FY2021, a compound −11.4%/yr. Reported net income was 597B VND in FY2025, compounding −1.0%/yr from FY2021.

Key figures

Market cap 5.4T VND · P/E ratio 4.8 · P/S ratio 1.80 · EPS (TTM) 1,410 VND · Dividend yield 3.5% · Net margin 37.2% · Return on equity 9.8% · Return on assets (EBIT) 8.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).

What moves the price

The share trades about 49% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 101%, IJC screens cheaper than that median.

Fair Value models

Bear 10,283 VND Fair Value 13,710 VND Bull 17,138 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 (1,035 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.
Highest evidence
Residual Income 9,432 VND 9,597 VND 9,245 VND 76
Gordon GGM 2,094 VND 2,238 VND 2,450 VND 69
DDM Multi-Stage 2,094 VND 2,424 VND 2,835 VND 67
All 9 models by family
Dividend Discount
Gordon GGM 2,094 VND 2,238 VND 2,450 VND 69
DDM Multi-Stage 2,094 VND 2,424 VND 2,835 VND 67
Multiples
P/S Multiple 12,097 VND 16,130 VND 20,162 VND 58
P/B Multiple 12,097 VND 16,130 VND 20,162 VND 55
EV/EBIT 15,482 VND 20,784 VND 26,086 VND 66
EV/EBITDA 13,187 VND 17,724 VND 22,261 VND 67
EV/Revenue 8,348 VND 12,108 VND 15,868 VND 53
Asset-Based
NCAV (Graham) 6,405 VND 8,582 VND 12,809 VND 54
Economic Profit
Residual Income 9,432 VND 9,597 VND 9,245 VND 76

Open the full fair value analysis →

Notify me when IJC reaches fair value

Put IJC on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 38/100

Of which business quality 36 · Market factors (momentum, volatility) 24

Profitability 39
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 25/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+57.5%
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.
−6.5%
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.
−5.6%
Start year 2020 (pandemic)
Revenue growth 6 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.
+0.1%
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.
−12.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.4%
Dividend (yield on the price)3.5%
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.27% → 38%

Watch IJC, get fair value alerts →

Compare Becamex Infrastructure Development JSC with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Engineering & Construction · 840 stocks

Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside +101% · Top 25%
Profitability
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 38% · Top 25%
Operating margin (TTM) 41% · Top 25%
Growth and dividend
Revenue growth 69% · Top 25%
Dividend yield (TTM) 3.5% · Above median
Balance sheet
Debt / equity 0.15× · Above median

Valuation Multiplesvs Engineering & Construction median · lower = cheaper

P/E (TTM) 4.8× · Cheapest 25%
P/B 0.67× · Cheaper than median
P/S (TTM) 3.16× · Priciest 25%
EV/EBITDA 7.9× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 29
FUTURE (revenue growth)100 · sector 11
PAST (return on equity)39 · sector 29
HEALTH (low debt)93 · sector 94
DIVIDEND (yield)70 · sector 40

Context: sector, industry, market

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

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Quanta Services, Inc PWR $634.90 $163.08 −74%
Vinci SA DG €110.50 €185.62 +68%
Comfort Systems USA, Inc FIX $1,626 $1,122 −31%
Larsen & Toubro Limited LT ₹3,930 ₹1,994 −49%
Ferrovial N.V FER $56.30 $24.01 −57%
Samsung C&T Corporation 028260 367,000 KRW 256,792 KRW −30%
HOCHTIEF Aktiengesellschaft HOT €397.00 €203.87 −49%
ACS, Actividades de Construcción y Servicios, S.A ACS €92.75 €75.04 −19%
EMCOR Group EME $751.80 $521.87 −31%
MasTec, Inc MTZ $217.52 $106.05 −51%

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Becamex Infrastructure Development JSC Fair Value". https://www.fairvalue-calculator.com/stock/IJC

Frequently asked questions

Is Becamex Infrastructure Development JSC (IJC) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 13,710 VND versus a price of 6,810 VND, about +101% upside (undervalued).
What is the fair value of IJC?
Our model-based fair value for Becamex Infrastructure Development JSC is 13,710 VND (as of Sep 24, 2026), built from audited fundamentals. The current price: 6,810 VND.
What is the quality score of IJC?
Becamex Infrastructure Development JSC has a Quality Score of 38/100. 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 Becamex Infrastructure Development JSC (IJC)?
Our model-based price target is the fair value of 13,710 VND (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 10,283 VND, optimistic scenario 17,138 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Becamex Infrastructure Development JSC stock forecast for 2026?
Our models put fair value at 13,710 VND, about +101% upside versus a price of 6,810 VND (undervalued). Cautious scenario 10,283 VND, optimistic scenario 17,138 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Becamex Infrastructure Development JSC (IJC)?
Becamex Infrastructure Development JSC reported trailing-twelve-month revenue of about 1.7T VND (latest available figure, as of Sep 24, 2026).
Does Becamex Infrastructure Development JSC pay a dividend?
Becamex Infrastructure Development JSC currently shows a dividend yield of about 3.50% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Becamex Infrastructure Development JSC (IJC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Becamex Infrastructure Development JSC it is 13,710 VND per share (as of Sep 24, 2026), against a price of 6,810 VND. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Becamex Infrastructure Development JSC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, IJC trades below its calculated fair value: price 6,810 VND, fair value 13,710 VND, a gap of about +101% (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 IJC?
No. The price is what the market pays today (6,810 VND); the fair value is what the company's own numbers justify (13,710 VND). For Becamex Infrastructure Development JSC the two are 6,900 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Becamex Infrastructure Development JSC worth?
The market values Becamex Infrastructure Development JSC at about 5.4T VND (market capitalisation, as of Sep 24, 2026). Per share that is 6,810 VND; our models calculate a fair value of 13,710 VND per share.
What do the bullish and bearish scenarios say about IJC?
Our models span a range for Becamex Infrastructure Development JSC: cautious scenario 10,283 VND, base 13,710 VND, optimistic 17,138 VND per share (as of Sep 24, 2026, price 6,810 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IJC?
Becamex Infrastructure Development JSC trades at a price-to-earnings ratio of 4.8 (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 13,710 VND is built from several models across several years. Other multiples: P/B 0.7, P/S 3.2, EV/EBITDA 7.9.
How solid is the balance sheet of Becamex Infrastructure Development JSC (IJC)?
Balance-sheet figures for Becamex Infrastructure Development JSC (as of Sep 24, 2026): return on equity 9.8%, debt of 0.15 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is IJC from its 52-week high?
Becamex Infrastructure Development JSC trades at 6,810 VND, about 49% below its 52-week high of 13,457 VND and 2% above the low of 6,690 VND (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 13,710 VND is for.
Which stocks are comparable to Becamex Infrastructure Development JSC?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Becamex Infrastructure Development JSC stock attractive at the current price?
The data as of Sep 24, 2026: price 6,810 VND, calculated fair value 13,710 VND (+101%), Quality Score 38/100, from 9 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 IJC calculated?
We run Becamex Infrastructure Development JSC through 9 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 13,710 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. Becamex Infrastructure Development JSC currently trades 101 % 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 Becamex Infrastructure Development JSC (IJC)?
The closing price on Sep 24, 2026 was 6,810 VND. Our model-based fair value is 13,710 VND, about +101% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Becamex Infrastructure Development JSC right now?
The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (10,283 VND). The market is more pessimistic than our downside scenario. 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 Becamex Infrastructure Development JSC

How large is the market capitalisation of Becamex Infrastructure Development JSC (IJC)?
The market capitalisation of Becamex Infrastructure Development JSC is 5.4T 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 Becamex Infrastructure Development JSC (IJC)?
The price-to-sales ratio of Becamex Infrastructure Development JSC is 1.80 (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 Becamex Infrastructure Development JSC (IJC)?
Earnings per share at Becamex Infrastructure Development JSC are 1,410 VND (price ÷ EPS = P/E 4.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Becamex Infrastructure Development JSC (IJC)?
The dividend yield of Becamex Infrastructure Development JSC is 3.5% (payout 16.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Becamex Infrastructure Development JSC (IJC)?
The net margin of Becamex Infrastructure Development JSC is 37.2% (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 Becamex Infrastructure Development JSC (IJC)?
The return on equity (ROE) of Becamex Infrastructure Development JSC is 9.8% (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 Becamex Infrastructure Development JSC (IJC)?
On an EBIT basis the return on assets of Becamex Infrastructure Development JSC is 8.5% (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 Becamex Infrastructure Development JSC (IJC)?
The operating margin of Becamex Infrastructure Development JSC is 40.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Becamex Infrastructure Development JSC (IJC)?
Revenue at Becamex Infrastructure Development JSC is growing +69.4% versus a year earlier (3y avg −6.5%). 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 Becamex Infrastructure Development JSC (IJC)?
Earnings per share at Becamex Infrastructure Development JSC are growing +83.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Becamex Infrastructure Development JSC (IJC) generate?
The free cash flow of Becamex Infrastructure Development JSC is −255B VND (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Becamex Infrastructure Development JSC (IJC) carry?
The net debt of Becamex Infrastructure Development JSC is 353B VND (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Becamex Infrastructure Development JSC in the live analysis

One click puts Becamex Infrastructure Development JSC on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.