Khang Dien House Trading and Investment JSC (KDH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Khang Dien House Trading and Investment JSC stock VND 13,738, price VND 15,100, that is 9.0% below the price, quality 39 out of 100. Rating: fairly valued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 12,977 VND – 35,268 VND · fair‑value band 9,923 VND – 17,173 VND · the 15,100 VND price screens above the 13,738 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 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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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 15,100 VND, while our model-based Fair Value estimate is 13,738 VND, so the stock looks roughly fairly valued today (gap 9.9%).
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Valuation
Bull case: the Multiples group reads highest at a median of 15,278 VND per share, and 3 of the 7 models we run sit above the 15,100 VND price.
Bear case: the Economic Profit group reads lowest at 9,698 VND, and 4 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 9,923 VND (bear) to 17,173 VND (bull), the price of 15,100 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 16.9T VND (≈ $662M) Small · P/E ratio 13.5 · P/S ratio 11.6 · EPS (TTM) 1,122 VND · Net margin 74.5% · Return on equity 10.1% · Return on assets (EBIT) 6.0% (5-year average) · Operating margin −147%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 53% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at −9%, KDH screens richer than that median.
Fair Value models
Bear9,923 VNDFair Value 13,738 VNDBull17,173 VND
Price 15,100 VND · Downside -9.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (962.41 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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
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.Real Estate - Development · 489 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside−9.0% · Below median
Profitability
Return on equity (12 months)10.1% · Top 25%
Return on assets4.8% · Top 25%
Net margin (12 months)116.0% · Top 25%
Operating margin (12 months)−146.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−96.2% · 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 Nov 4, 2026, our model estimates a fair value of 13,738 VND versus a price of 15,100 VND, about 9% lower (fairly valued).
What is the fair value of KDH?
Our model-based fair value for Khang Dien House Trading and Investment JSC is 13,738 VND (as of Nov 4, 2026), built from audited fundamentals. The current price: 15,100 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 13,738 VND (as of Nov 4, 2026) from 7 valuation models. Cautious scenario 9,923 VND, optimistic scenario 17,173 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 13,738 VND, about 9% lower versus a price of 15,100 VND (fairly valued). Cautious scenario 9,923 VND, optimistic scenario 17,173 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 2.3T VND (latest available figure, as of Nov 4, 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 13,738 VND per share (as of Nov 4, 2026), against a price of 15,100 VND. It is the blended result of 7 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Khang Dien House Trading and Investment JSC stock overvalued or undervalued in 2026?
As of Nov 4, 2026, KDH trades above its calculated fair value: price 15,100 VND, fair value 13,738 VND, a gap of about −9% (fairly valued). 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 (15,100 VND); the fair value is what the company's own numbers justify (13,738 VND). For Khang Dien House Trading and Investment JSC the two are 1,362 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 16.9T VND (market capitalisation, as of Nov 4, 2026). Per share that is 15,100 VND; our models calculate a fair value of 13,738 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 9,923 VND, base 13,738 VND, optimistic 17,173 VND per share (as of Nov 4, 2026, price 15,100 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 13.5 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 13,738 VND is built from several models across several years. Other multiples: P/B 0.9, P/S 11.6, EV/EBITDA 35.1.
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 Nov 4, 2026): return on equity 10.1%, 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 15,100 VND, about 53% below its 52-week high of 32,182 VND and 16% above the low of 13,000 VND (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 13,738 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, CK Asset Holdings, DLF 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 Khang Dien House Trading and Investment JSC stock attractive at the current price?
The data as of Nov 4, 2026: price 15,100 VND, calculated fair value 13,738 VND (−9%), Quality Score 39/100, from 7 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 7 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 13,738 VND builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Khang Dien House Trading and Investment JSC itself currently trades above fair value. 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 Nov 6, 2026 was 15,100 VND. Our model-based fair value is 13,738 VND, about 9% lower (fairly valued). 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?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. 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 16.9T VND (≈ $662M). 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 11.6 (last twelve months). 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 1,122 VND (price ÷ EPS = P/E 13.5). 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 74.5% (last twelve months). 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 10.1% (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 −147% (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 −96.2% 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 −28.5% 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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