Tu Liem Urban Development JSC (NTL) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Tu Liem Urban Development JSC VND 4,738, price VND 11,400, upside -58.4%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Tu Liem Urban Development Joint Stock Company engages in field of construction and planning in urban areas in Vietnam. It is involved in constructing urban infrastructure; and trading houses and real estate. The company also provides services for apartment blocks; and real estate consulting.
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Tu Liem Urban Development Joint Stock Company engages in field of construction and planning in urban areas in Vietnam. It is involved in constructing urban infrastructure; and trading houses and real estate. The company also provides services for apartment blocks; and real estate consulting. Tu Liem Urban Development Joint Stock Company was founded in 1974 and is headquartered in Hanoi, Vietnam.
Stock analysis
Tu Liem Urban Development JSC (NTL) currently trades at 11,400 VND, while our model-based Fair Value estimate is 4,738 VND, 58.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 8,843 VND per share, and 0 of the 4 models we run sit above the 11,400 VND price.
Bear case: the Multiples group reads lowest at 933.45 VND, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 4,624 VND (bear) to 4,913 VND (bull), the price of 11,400 VND sits above 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 42/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Tu Liem Urban Development JSC reported revenue of 17.5B VND in FY2025 versus 577B VND in FY2021, a compound −58.3%/yr. Reported net income was 17.4B VND in FY2025, compounding −48.0%/yr from FY2021.
Key figures
Market cap 1.4T VND · P/E ratio 49.0 · P/S ratio 48.8 · EPS (TTM) 232.56 VND · Dividend yield 8.8% · Net margin 99.5% · Return on equity 1.7% · Return on assets (EBIT) 16.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 41% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −58%, NTL screens richer than that median.
Fair Value models
Bear 4,624 VNDFair Value 4,738 VNDBull 4,913 VND
Price 11,400 VND · Upside -58.4%
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.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.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.19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−98.8%
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.
−64.5%
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.
−51.5%
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.
−47.5%
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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.
−39.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−48.4%
Dividend (yield on the price)8.8%
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.56% → −240%
Compare Tu Liem Urban Development 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.Engineering & Construction · 799 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−58.4% · Bottom 25%
Profitability
Return on equity (TTM)1.7% · Below median
Return on assets−1.0% · Bottom 25%
Net margin (TTM)169.2% · Top 25%
Operating margin (TTM)−107.8% · Bottom 25%
Growth and dividend
Revenue growth−22.7% · Bottom 25%
Dividend yield (TTM)8.8% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (TTM)49.0× · Priciest 25%
P/B0.86× · Cheaper than median
P/S (TTM)81.27× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)0· sector 20
PAST (return on equity)7· sector 30
HEALTH (low debt)100· sector 94
DIVIDEND (yield)100· sector 42
VALUE 0: the price sits above our fair-value range.
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). "Tu Liem Urban Development JSC Fair Value". https://www.fairvalue-calculator.com/stock/NTL
Frequently asked questions
Is Tu Liem Urban Development JSC (NTL) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 4,738 VND versus a price of 11,400 VND, about −58% upside (overvalued).
What is the fair value of NTL?
Our model-based fair value for Tu Liem Urban Development JSC is 4,738 VND (as of Oct 4, 2026), built from audited fundamentals. The current price: 11,400 VND.
What is the quality score of NTL?
Tu Liem Urban Development JSC has a Quality Score of 42/100. 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 Tu Liem Urban Development JSC (NTL)?
Our model-based price target is the fair value of 4,738 VND (as of Oct 4, 2026) from 4 valuation models. Cautious scenario 4,624 VND, optimistic scenario 4,913 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Tu Liem Urban Development JSC stock forecast for 2026?
Our models put fair value at 4,738 VND, about −58% upside versus a price of 11,400 VND (overvalued). Cautious scenario 4,624 VND, optimistic scenario 4,913 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Tu Liem Urban Development JSC (NTL)?
Tu Liem Urban Development JSC reported trailing-twelve-month revenue of about 17.1B VND (latest available figure, as of Oct 4, 2026).
Does Tu Liem Urban Development JSC pay a dividend?
Tu Liem Urban Development JSC currently shows a dividend yield of about 8.77% relative to its recent price (as of Oct 4, 2026).
What is the intrinsic value of Tu Liem Urban Development JSC (NTL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tu Liem Urban Development JSC it is 4,738 VND per share (as of Oct 4, 2026), against a price of 11,400 VND. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Tu Liem Urban Development JSC stock overvalued or undervalued in 2026?
As of Oct 4, 2026, NTL trades above its calculated fair value: price 11,400 VND, fair value 4,738 VND, a gap of about −58% (overvalued). 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 NTL?
No. The price is what the market pays today (11,400 VND); the fair value is what the company's own numbers justify (4,738 VND). For Tu Liem Urban Development JSC the two are 6,662 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Tu Liem Urban Development JSC worth?
The market values Tu Liem Urban Development JSC at about 1.4T VND (market capitalisation, as of Oct 4, 2026). Per share that is 11,400 VND; our models calculate a fair value of 4,738 VND per share.
What do the bullish and bearish scenarios say about NTL?
Our models span a range for Tu Liem Urban Development JSC: cautious scenario 4,624 VND, base 4,738 VND, optimistic 4,913 VND per share (as of Oct 4, 2026, price 11,400 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NTL?
Tu Liem Urban Development JSC trades at a price-to-earnings ratio of 49.0 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4,738 VND is built from several models across several years. Other multiples: P/B 0.9, P/S 81.3.
How solid is the balance sheet of Tu Liem Urban Development JSC (NTL)?
Balance-sheet figures for Tu Liem Urban Development JSC (as of Oct 4, 2026): return on equity 1.7%, debt of 0.01 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is NTL from its 52-week high?
Tu Liem Urban Development JSC trades at 11,400 VND, about 41% below its 52-week high of 19,350 VND and at the low of 11,350 VND (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 4,738 VND is for.
Which stocks are comparable to Tu Liem Urban 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 Tu Liem Urban Development JSC stock attractive at the current price?
The data as of Oct 4, 2026: price 11,400 VND, calculated fair value 4,738 VND (−58%), Quality Score 42/100, from 4 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 NTL calculated?
We run Tu Liem Urban Development JSC through 4 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 4,738 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 15.0 % above its aggregate fair value. Tu Liem Urban Development 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 Tu Liem Urban Development JSC (NTL)?
The closing price on Oct 2, 2026 was 11,400 VND. Our model-based fair value is 4,738 VND, about −58% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tu Liem Urban Development JSC right now?
The price sits above even our optimistic bull case (4,913 VND). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band (4,624 VND to 4,913 VND), unusually little disagreement for a valuation.
Key figures of Tu Liem Urban Development JSC
How large is the market capitalisation of Tu Liem Urban Development JSC (NTL)?
The market capitalisation of Tu Liem Urban Development JSC is 1.4T 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 Tu Liem Urban Development JSC (NTL)?
The price-to-sales ratio of Tu Liem Urban Development JSC is 48.8 (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 Tu Liem Urban Development JSC (NTL)?
Earnings per share at Tu Liem Urban Development JSC are 232.56 VND (price ÷ EPS = P/E 49.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tu Liem Urban Development JSC (NTL)?
The dividend yield of Tu Liem Urban Development JSC is 8.8%. 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 Tu Liem Urban Development JSC (NTL)?
The net margin of Tu Liem Urban Development JSC is 99.5% (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 Tu Liem Urban Development JSC (NTL)?
The return on equity (ROE) of Tu Liem Urban Development JSC is 1.7% (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 Tu Liem Urban Development JSC (NTL)?
On an EBIT basis the return on assets of Tu Liem Urban Development JSC is 16.6% (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 Tu Liem Urban Development JSC (NTL)?
The operating margin of Tu Liem Urban Development JSC is −108% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tu Liem Urban Development JSC (NTL)?
Revenue at Tu Liem Urban Development JSC is growing −22.7% versus a year earlier (3y avg −64.5%). 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 Tu Liem Urban Development JSC (NTL)?
Earnings per share at Tu Liem Urban Development JSC are growing +225% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tu Liem Urban Development JSC (NTL) generate?
The free cash flow of Tu Liem Urban Development JSC is −663B 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 Tu Liem Urban Development JSC (NTL) carry?
The net debt of Tu Liem Urban Development JSC is 24.9B VND (fiscal year 2019). 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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