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KIDO Group (KDC) Fair Value & Analysis

Consumer Defensive · VN · Market cap 14.4T VND

KG KIDO Group KDC · VN
Price51,600 VND
Fair Value21,542 VND
Upside-58.3%
Quality51/100
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Weak Growth
Thin margins · 6.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Narrow moat 32/100
Evidence: Medium Range 20,185 VND – 24,536 VND Share as image

Fair value as of: Jul 20, 2026

From 21 valuation models · updated 20 days ago

Share price +3.3% over the past month.

A solid business, but screening 58% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (24,536 VND). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

61,216 VND 39,406 VND Fair Value 21,542 VND Apr 2021 Aug 2026

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 39,406 VND – 61,216 VND · fair‑value band 20,185 VND – 24,536 VND · the 51,600 VND price screens above the 21,542 VND fair value. Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

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Analysis

KIDO Group (KDC) currently trades at 51,600 VND, while our model-based Fair Value estimate is 21,542 VND, implying the stock looks roughly 58.3% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Defensive 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).

Over the trailing twelve months, KIDO Group generated revenue of 9.4T VND at a net margin of 6.5%. Revenue grew 15.6% year over year. It earns a return on equity of 9.4%. Net debt stands at 2.1T VND. Fundamentals as of Jul 20, 2026

Our scenario range runs from 20,185 VND (bear case) to 24,536 VND (bull case); at 51,600 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 10% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -45% fair-value upside, at -58%, KDC 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 4,728 VND 5,022 VND 5,440 VND 80
Residual Income 20,275 VND 21,542 VND 24,127 VND 76
Gordon GGM 2.26 VND 3.70 VND 5.41 VND 70
All 21 models by family
DCF Models
FCF DCF 4,704 VND 5,014 VND 5,474 VND 38
Owner Earnings 35,748 VND 50,262 VND 71,785 VND 31
5Y Revenue Exit 4,602 VND 4,878 VND 5,215 VND 39
5Y EBITDA Exit 10,344 VND 15,003 VND 20,235 VND 41
5Y P/E Exit 20,349 VND 32,642 VND 44,896 VND 38
10Y Revenue Exit 4,616 VND 4,873 VND 5,183 VND 36
10Y EBITDA Exit 8,291 VND 11,843 VND 16,294 VND 37
10Y P/E Exit 14,665 VND 23,985 VND 34,537 VND 35
Earnings-Based
Graham-Dodd 12,259 VND 27,110 VND 34,592 VND 54
PEG = 1.0 4,341 VND 6,201 VND 8,062 VND 46
Dividend Discount
Gordon GGM 2.26 VND 3.70 VND 5.41 VND 70
DDM Multi-Stage 2.26 VND 3.34 VND 4.60 VND 61
Multiples
P/E Multiple 28,393 VND 37,857 VND 47,322 VND 63
P/S Multiple 22,985 VND 30,646 VND 38,308 VND 58
P/B Multiple 22,985 VND 30,646 VND 38,308 VND 55
EV/EBITDA 14,759 VND 18,337 VND 21,914 VND 54
EV/Revenue 4,582 VND 4,820 VND 5,058 VND 43
Asset-Based
NCAV (Graham) 12,268 VND 16,439 VND 24,536 VND 50
Growth DCF
Growth DCF 4,728 VND 5,022 VND 5,440 VND 80
Economic Profit
Residual Income 20,275 VND 21,542 VND 24,127 VND 76
Growth Earnings
Growth-Adj P/E 21,129 VND 30,184 VND 39,239 VND 68

Widest divergence: Multiples (30,646 VND) versus Dividend Discount (3.34 VND). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 9.4T VND
Revenue growth (YoY) +15.6%
Net margin 6.5%
Return on equity 9.4%
Free cash flow 17.7B VND FY2025
P/E ratio 27.5
More key figures
Operating margin 0.7%
EPS (TTM) 1,801 VND
EPS growth (YoY) +26,123%
Net debt 2.1T VND FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 48 · Market factors (momentum, volatility) 61

Profitability 34
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 61
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

KIDO Group Corporation, together with its subsidiaries, manufactures, processes, and distributes consumer food products in Vietnam. It operates through Edible Oil Business, Foods Business, and Other Business segments.

Full company description

KIDO Group Corporation, together with its subsidiaries, manufactures, processes, and distributes consumer food products in Vietnam. It operates through Edible Oil Business, Foods Business, and Other Business segments. The company offers cooking and soya oil, ice cream, confectionery, and beverages; fresh cakes, mooncakes, and snack noodles; bakery products; prepared meals and dishes; flour, baking flour, and instant food products; and vegetable and animal oils and fats. It also provides seasoning products comprising seasoning powders, fish sauces, soy sauces, margarine, mayonnaise, oyster sauces, marinades, and dipping sauces; dry food products consisting of pasta, noodles, vermicelli, instant noodles, pho, and crispy batter mixes; chilled and frozen food products, such as steamed buns, bread, and spring rolls; and snack food, including cookies, crackers, wafers and sponge wafers, candy, gums, chocolates, sponge cakes, pastries, and sandwiches; and lunar new year and mid-autumn festival snack food. In addition, the company engages in the manufacture and trade of products processed from oil-bearing seeds, nata de coco, coconut quartz, meat, seafood, fruits, vegetables, and starch; real estate activities with own or leased properties; operation of shopping centers; commercial, residential, and service real estate projects; and E2E shopping and entertainment channels. It sells its products under the Tuong An Premium, Tuong An, Tho Phat, Kido's Bakery, Kido's Confectionary, Van Hanh Mall, Hung Vuong Plaza, and E2E brands. The company was formerly known as Kinh Do Corporation and changed its name to KIDO Group Corporation in October 2015. KIDO Group Corporation was founded in 1993 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

KIDO Group reported revenue of 9.1T VND in FY2025 versus 10.5T VND in FY2021, a compound −3.6%/yr. Reported net income was 522B VND in FY2025, compounding −3.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
9.1T VND
Latest YoY
+8.8%
Avg. growth/yr (3Y)
−10.3%
Avg. growth/yr (5Y)
+1.7%
Avg. growth/yr (6Y)
+3.9%
Revenue −3.6%/yr
FY21 10.5T VND
FY22 12.5T VND
FY23 8.6T VND
FY24 8.3T VND
FY25 9.1T VND
Net income −3.0%/yr
FY21 590B VND
FY22 363B VND
FY23 143B VND
FY24 37.3B VND
FY25 522B VND

KDC screens 58% overvalued. Compare with Chocoladefabriken Lindt & Sprüngli AG →

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Cite: Fair Value Calculator (2026). "KIDO Group Fair Value". https://www.fairvalue-calculator.com/stock/KDC

Peer Group

Confectioners · 76 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 51 · Above median
Fair Value upside −58% · Bottom 25%
Return on equity (TTM) 9% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 16% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Confectioners median · lower = cheaper

P/E (TTM) 27.5× · Pricier than median
P/B 2.02× · Pricier than 75% of peers
P/S (TTM) 1.53× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 34.2× · Pricier 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 26
FUTURE 78 · sector 0
PAST 38 · sector 26
HEALTH 97 · sector 91
DIVIDEND 0 · sector 56

VALUE 0: the price sits above our fair-value range.

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 Confectioners stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Chocoladefabriken Lindt & Sprüngli AG LISN CHF 96,500 CHF 9,874 -90%
Mondelez International, Inc MDLZ $61.00 $27.68 -55%
The Hershey Company HSY $170.27 $91.25 -46%
Barry Callebaut AG BARN CHF 1,100 CHF 711.91 -35%
ORION Corp 271560 127,100 KRW 203,315 KRW +60%
Tootsie Roll Industries, Inc TROLB $39.50 $21.81 -45%
Guangxi Yuegui Guangye Holdings 000833 ¥18.81 ¥9.83 -48%
Cloetta AB CLAB kr 48.88 kr 59.12 +21%
Balrampur Chini Mills Limited BALRAMCHIN ₹586.20 ₹304.54 -48%
PT Yupi Indo Jelly Gum Tbk YUPI 1,320 IDR 1,286 IDR -3%

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Frequently asked questions

Is KIDO Group (KDC) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 21,542 VND versus a price of 51,600 VND, about −58% (overvalued).
What is the fair value of KDC?
Our model-based fair value for KIDO Group is 21,542 VND (as of Jul 20, 2026), built from audited fundamentals. The current price is 51,600 VND.
What is the quality score of KDC?
KIDO Group has a Quality Score of 51/100. 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 KIDO Group (KDC)?
KIDO Group reported trailing-twelve-month revenue of about 9.4T VND (latest available figure, as of Jul 20, 2026).
What is the net profit margin of KDC?
The net profit margin of KIDO Group is about 6.5%, meaning it keeps roughly 6.5% 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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