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Khai Hoan Land Group (KHG) Fair Value & Analysis

Real Estate · VN · Market cap 2.2T VND

KH Khai Hoan Land Group KHG · VN
Price4,930 VND
Fair Value1,987 VND
Upside-59.7%
Quality95/100
Evidence: High Range 1,491 VND – 4,614 VND

Fair value as of: Jun 26, 2026

From 15 valuation models · updated 3 days ago

Share price −1.8% over the past month.

Price vs Fair Value (12 months)

8,700 VND 4,920 VND Fair Value 1,987 VND Jun 2025 Jun 2026

12‑month range 4,920 VND – 8,700 VND · fair‑value band 1,491 VND – 4,614 VND · the 4,930 VND price screens above the 1,987 VND fair value. As of Jun 26, 2026.

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Analysis

Khai Hoan Land Group (KHG) currently trades at 4,930 VND, while our model-based Fair Value estimate is 1,987 VND — implying the stock looks roughly 59.7% overvalued today. We read business quality at 95/100 (high 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: high).

Over the trailing twelve months, Khai Hoan Land Group generated revenue of 624B VND at a net margin of 11.0%. Revenue grew 22.3% year over year. It earns a return on equity of 1.3%. Net debt stands at 1.2T VND. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 624B VND
Revenue growth (YoY) +22.3%
Net margin 11.0%
Return on equity 1.3%
Free cash flow −443B VND FY2025
P/E ratio 32.6
More key figures
Operating margin 2.0%
EPS (TTM) 152.27 VND
EPS growth (YoY) -2.8%
Net debt 1.2T VND FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Khai Hoan Land Group Joint Stock Company, together with its subsidiaries, provides real estate brokerage services in Vietnam. The company engages in real estate consulting; brokerage services; auction of real estate and land use rights; housing construction; site preparation; construction of other civil engineering works; trading of real estate; civil design activities; and landscape maintenance services. It is also involved in hotel services; trade promotion; restaurants and catering services; retailing other goods in specialized stores; wholesale of other household appliances; career education; and other recreational activities. The company was incorporated in 2009 and is headquartered in Ho Chi Minh City, Vietnam.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Khai Hoan Land Group reported revenue of 601B VND in FY2025 versus 1.3T VND in FY2021, a compound −17.3%/yr. Reported net income was 68.7B VND in FY2025, compounding −36.2%/yr from FY2021.

Revenue −17.3%/yr
FY21 1.3T VND
FY22 1.4T VND
FY23 331B VND
FY24 310B VND
FY25 601B VND
Net income −36.2%/yr
FY21 414B VND
FY22 442B VND
FY23 25.4B VND
FY24 55.7B VND
FY25 68.7B VND

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Similar stocks

6 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 146,800 VND 148,549 VND +1%
DLF Limited DLF ₹627.60 ₹215.17 -66%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,650 IDR 1,330 IDR -80%
Lodha Developers Limited LODHA ₹862.00 ₹721.45 -16%
Oberoi Realty Limited OBEROIRLTY ₹1,633 ₹1,368 -16%
Godrej Properties Limited GODREJPROP ₹1,642 ₹788.35 -52%

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Frequently asked questions

Is Khai Hoan Land Group (KHG) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 1,987 VND versus a price of 4,930 VND — about −60% (overvalued). Model-based estimate, not financial advice.
What is the fair value of KHG?
Our 21-model fair value for Khai Hoan Land Group is 1,987 VND (as of Jun 26, 2026), built from audited fundamentals. The current price is 4,930 VND.
What is the quality score of KHG?
Khai Hoan Land Group has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Khai Hoan Land Group (KHG)?
Khai Hoan Land Group reported trailing-twelve-month revenue of about 624B VND (latest available figure, as of Jun 26, 2026).
What is the net profit margin of KHG?
The net profit margin of Khai Hoan Land Group is about 11.0%, meaning it keeps roughly 11.0% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.