Khang Dien House Trading and Investment JSC (KDH) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Khang Dien House Trading and Investment JSC VND 20,338, price VND 15,850, upside +28.3%, quality 39 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 14,275 VND – 38,795 VND · fair‑value band 13,560 VND – 25,619 VND · the 15,850 VND price screens below the 20,338 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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Khang Dien House Trading and Investment Joint Stock Company, together with its subsidiaries, engages in real estate development in Vietnam.
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Khang Dien House Trading and Investment Joint Stock Company, together with its subsidiaries, engages in real estate development in Vietnam. It is involved in the leasing; real estate trading and auction; receiving land use rights to construct houses for sale and lease; investing in the construction of infrastructure; architectural activities and related technical consultancy activities; civil and industrial construction works; and the provision of real estate management and consultancy services. The company was founded in 2001 and is headquartered in Ho Chi Minh City, Vietnam.
Stock analysis
Khang Dien House Trading and Investment JSC (KDH) currently trades at 15,850 VND, while our model-based Fair Value estimate is 20,338 VND, implying the stock looks roughly 22.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 29,582 VND per share, and 7 of the 15 models we run sit above the 15,850 VND price.
Bear case: the DCF Models group reads lowest at 7,254 VND, and 8 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 13,560 VND (bear) to 25,619 VND (bull), the price of 15,850 VND sits inside 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 39/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Khang Dien House Trading and Investment JSC reported revenue of 4.7T VND in FY2025 versus 3.7T VND in FY2021, a compound +5.6%/yr. Reported net income was 1.0T VND in FY2025, compounding −3.4%/yr from FY2021.
Key figures
Market cap 22.8T VND · P/E ratio 15.6 · P/S ratio 3.50 · EPS (TTM) 1,018 VND · Net margin 22.5% · Return on equity 8.9% · Return on assets (EBIT) 6.0% · Operating margin 30.8%.
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 56% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 28%, KDH screens richer than that median.
Fair Value models
Bear 13,560 VNDFair Value 20,338 VNDBull 25,619 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 (744.71 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.31/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+41.9%
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.
+16.9%
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.
+0.5%
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.
+8.7%
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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.
−11.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.4%
Dividend (yield on the price)0.0%
Profit margin 2019 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.43% → 46%
Compare Khang Dien House Trading and Investment JSC with another stock
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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.Real Estate - Development · 578 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside+28% · Above median
Profitability
Return on equity (TTM)9% · Above median
Return on assets4% · Top 25%
Net margin (TTM)29% · Top 25%
Operating margin (TTM)31% · Top 25%
Growth and dividend
Revenue growth−60% · Bottom 25%
Balance sheet
Debt / equity0.45× · Above median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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). "Khang Dien House Trading and Investment JSC Fair Value". https://www.fairvalue-calculator.com/stock/KDH
Frequently asked questions
Is Khang Dien House Trading and Investment JSC (KDH) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 20,338 VND versus a price of 15,850 VND, about +28% upside (undervalued).
What is the fair value of KDH?
Our model-based fair value for Khang Dien House Trading and Investment JSC is 20,338 VND (as of Sep 24, 2026), built from audited fundamentals. The current price: 15,850 VND.
What is the quality score of KDH?
Khang Dien House Trading and Investment JSC 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 price target for Khang Dien House Trading and Investment JSC (KDH)?
Our model-based price target is the fair value of 20,338 VND (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 13,560 VND, optimistic scenario 25,619 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Khang Dien House Trading and Investment JSC stock forecast for 2026?
Our models put fair value at 20,338 VND, about +28% upside versus a price of 15,850 VND (undervalued). Cautious scenario 13,560 VND, optimistic scenario 25,619 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Khang Dien House Trading and Investment JSC (KDH)?
Khang Dien House Trading and Investment JSC reported trailing-twelve-month revenue of about 4.2T VND (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Khang Dien House Trading and Investment JSC (KDH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Khang Dien House Trading and Investment JSC it is 20,338 VND per share (as of Sep 24, 2026), against a price of 15,850 VND. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Khang Dien House Trading and Investment JSC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KDH trades below its calculated fair value: price 15,850 VND, fair value 20,338 VND, a gap of about +28% (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 KDH?
No. The price is what the market pays today (15,850 VND); the fair value is what the company's own numbers justify (20,338 VND). For Khang Dien House Trading and Investment JSC the two are 4,488 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Khang Dien House Trading and Investment JSC worth?
The market values Khang Dien House Trading and Investment JSC at about 22.8T VND (market capitalisation, as of Sep 24, 2026). Per share that is 15,850 VND; our models calculate a fair value of 20,338 VND per share.
What do the bullish and bearish scenarios say about KDH?
Our models span a range for Khang Dien House Trading and Investment JSC: cautious scenario 13,560 VND, base 20,338 VND, optimistic 25,619 VND per share (as of Sep 24, 2026, price 15,850 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KDH?
Khang Dien House Trading and Investment JSC trades at a price-to-earnings ratio of 15.6 (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 20,338 VND is built from several models across several years. Other multiples: P/B 1.2, P/S 5.4, EV/EBITDA 13.8.
How solid is the balance sheet of Khang Dien House Trading and Investment JSC (KDH)?
Balance-sheet figures for Khang Dien House Trading and Investment JSC (as of Sep 24, 2026): return on equity 8.9%, debt of 0.45 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is KDH from its 52-week high?
Khang Dien House Trading and Investment JSC trades at 15,850 VND, about 56% below its 52-week high of 35,850 VND and 4% above the low of 15,300 VND (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 20,338 VND is for.
Which stocks are comparable to Khang Dien House Trading and Investment JSC?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Khang Dien House Trading and Investment JSC stock attractive at the current price?
The data as of Sep 24, 2026: price 15,850 VND, calculated fair value 20,338 VND (+28%), Quality Score 39/100, from 15 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 KDH calculated?
We run Khang Dien House Trading and Investment JSC through 15 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 20,338 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 14.1 % above its aggregate fair value. Khang Dien House Trading and Investment JSC currently trades 28 % 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 Khang Dien House Trading and Investment JSC (KDH)?
The closing price on Sep 23, 2026 was 15,850 VND. Our model-based fair value is 20,338 VND, about +28% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Khang Dien House Trading and Investment JSC right now?
A fairly wide model range (13,560 VND to 25,619 VND) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Khang Dien House Trading and Investment JSC
How large is the market capitalisation of Khang Dien House Trading and Investment JSC (KDH)?
The market capitalisation of Khang Dien House Trading and Investment JSC is 22.8T 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 Khang Dien House Trading and Investment JSC (KDH)?
The price-to-sales ratio of Khang Dien House Trading and Investment JSC is 3.50 (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 Khang Dien House Trading and Investment JSC (KDH)?
Earnings per share at Khang Dien House Trading and Investment JSC are 1,018 VND (price ÷ EPS = P/E 15.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Khang Dien House Trading and Investment JSC (KDH)?
The net margin of Khang Dien House Trading and Investment JSC is 22.5% (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 Khang Dien House Trading and Investment JSC (KDH)?
The return on equity (ROE) of Khang Dien House Trading and Investment JSC is 8.9% (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 Khang Dien House Trading and Investment JSC (KDH)?
On an EBIT basis the return on assets of Khang Dien House Trading and Investment JSC is 6.0% (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 Khang Dien House Trading and Investment JSC (KDH)?
The operating margin of Khang Dien House Trading and Investment JSC is 30.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Khang Dien House Trading and Investment JSC (KDH)?
Revenue at Khang Dien House Trading and Investment JSC is growing −60.4% versus a year earlier (3y avg +16.9%). 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 Khang Dien House Trading and Investment JSC (KDH)?
Earnings per share at Khang Dien House Trading and Investment JSC are growing +130% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Khang Dien House Trading and Investment JSC (KDH) generate?
The free cash flow of Khang Dien House Trading and Investment JSC is −2.7T 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 Khang Dien House Trading and Investment JSC (KDH) carry?
The net debt of Khang Dien House Trading and Investment JSC is 7.6T 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.
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