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SJ Group (SJS) Fair Value & Analysis

Real Estate · VN · Market cap 14.5T VND

SG SJ Group SJS · VN
Price48,000 VND
Fair Value20,649 VND
Upside-57.0%
Quality41/100
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Evidence: High Range 15,487 VND – 25,811 VND

Fair value as of: Jun 26, 2026

From 15 valuation models · updated 7 days ago

Share price −5.9% over the past month.

Price vs Fair Value (12 months)

99,000 VND 38,108 VND Fair Value 20,649 VND Jun 2025 Jul 2026

12‑month range 38,108 VND – 99,000 VND · fair‑value band 15,487 VND – 25,811 VND · the 48,000 VND price screens above the 20,649 VND fair value. As of Jun 26, 2026.

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Analysis

SJ Group (SJS) currently trades at 48,000 VND, while our model-based Fair Value estimate is 20,649 VND — implying the stock looks roughly 57.0% overvalued today. We read business quality at 41/100 (below-average 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, SJ Group generated revenue of 924B VND at a net margin of 50.8%. Revenue grew 121.0% year over year. It earns a return on equity of 14.1%. Net debt stands at 911B VND. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 924B VND
Revenue growth (YoY) +121%
Net margin 50.8%
Return on equity 14.1%
Free cash flow −76.8B VND FY2025
P/E ratio 30.9
More key figures
Operating margin 69.6%
EPS (TTM) 1,583 VND
EPS growth (YoY) +161%
Net debt 911B VND FY2025

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

About the company

SJ Group Joint Stock Company engages in the investment, development, and trading in real estate properties in Vietnam. The company provides real estate services; and rendering services for housing, urban areas, and industrial park services. It offers management and investment consulting; sports, entertainment, and recreational services of sports facilities, amusement parks, and theme parks; advertising and real estate management; and project design consulting, project appraisal consulting, report preparation consulting, construction supervision consulting, and project management consulting services. In addition, the company engages in the preparation, appraisal, and implementation of construction investment projects; production of building materials from bricks, sand, cement, and gypsum; wholesale and retail of autoclaved aerated concrete bricks, building materials, and interior equipment; and wholesale of machines, equipment, and machine parts. The company was formerly known as …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SJ Group reported revenue of 751B VND in FY2025 versus 747B VND in FY2021, a compound +0.1%/yr. Reported net income was 361B VND in FY2025, compounding +53.7%/yr from FY2021.

Revenue +0.1%/yr
FY21 747B VND
FY22 380B VND
FY23 416B VND
FY24 646B VND
FY25 751B VND
Net income +53.7%/yr
FY21 64.8B VND
FY22 120B VND
FY23 185B VND
FY24 269B VND
FY25 361B VND

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Similar stocks

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

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 196,000 VND 52,975 VND -73%
CBRE Group CBRE $127.86 $81.43 -36%
KE Holdings 2423 HK$38.90 HK$17.91 -54%
Swire Properties Limited 1972 HK$20.40 HK$18.75 -8%
China Resources Mixc Lifestyle Services Limited 1209 HK$36.68 HK$34.70 -5%
Plaza S.A MALLPLAZA 3,830 CLP 5,905 CLP +54%

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Frequently asked questions

Is SJ Group (SJS) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 20,649 VND versus a price of 48,000 VND — about −57% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SJS?
Our model-based fair value for SJ Group is 20,649 VND (as of Jun 26, 2026), built from audited fundamentals. The current price is 48,000 VND.
What is the quality score of SJS?
SJ Group has a Quality Score of 41/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of SJ Group (SJS)?
SJ Group reported trailing-twelve-month revenue of about 924B VND (latest available figure, as of Jun 26, 2026).
What is the net profit margin of SJS?
The net profit margin of SJ Group is about 50.8%, meaning it keeps roughly 50.8% 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.