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Sonadezi Chau Duc Shareholding Company (SZC) Fair Value & Analysis

Real Estate · VN · Market cap 3.6T VND

SC Sonadezi Chau Duc Shareholding Company SZC · VN
Price20,500 VND
Fair Value32,567 VND
Upside+58.9%
Quality40/100
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Expensive Growth
Highly profitable · 30.0% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (6/13)
Moderate moat 61/100
Evidence: Medium Range 24,425 VND – 40,709 VND Share as image

Fair value as of: Jul 18, 2026

From 7 valuation models · updated 23 days ago

Share price −2.4% over the past month.

Below-average quality, screening 59% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (24,425 VND). The market is more pessimistic than our downside scenario.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

54,612 VND 14,604 VND Fair Value 32,567 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 14,604 VND – 54,612 VND · fair‑value band 24,425 VND – 40,709 VND · the 20,500 VND price screens below the 32,567 VND fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Sonadezi Chau Duc Shareholding Company (SZC) currently trades at 20,500 VND, while our model-based Fair Value estimate is 32,567 VND, implying the stock looks roughly 58.9% undervalued today. The Quality Score stands at 40/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Sonadezi Chau Duc Shareholding Company generated revenue of 786B VND at a net margin of 30.0%. Revenue declined 75.4% year over year. It earns a return on equity of 7.3%. Net debt stands at 2.1T VND. Fundamentals as of Jul 18, 2026

Our scenario range runs from 24,425 VND (bear case) to 40,709 VND (bull case); at 20,500 VND, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 49% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -13% fair-value upside, at 59%, SZC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Residual Income 16,215 VND 18,732 VND 36,931 VND 76
P/S Multiple 24,425 VND 32,567 VND 40,709 VND 58
P/B Multiple 24,425 VND 32,567 VND 40,709 VND 55
All 7 models by family
Multiples
P/S Multiple 24,425 VND 32,567 VND 40,709 VND 58
P/B Multiple 24,425 VND 32,567 VND 40,709 VND 55
EV/EBIT 32,343 VND 45,982 VND 59,622 VND 53
EV/EBITDA 46,835 VND 65,306 VND 83,776 VND 54
EV/Revenue 13,991 VND 23,663 VND 33,335 VND 43
Asset-Based
NCAV (Graham) 8,898 VND 11,923 VND 17,795 VND 50
Economic Profit
Residual Income 16,215 VND 18,732 VND 36,931 VND 76

Widest divergence: Multiples (32,567 VND) versus Asset-Based (11,923 VND). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 786B VND
Revenue growth (YoY) -75.4%
Net margin 30.0%
Return on equity 7.3%
Free cash flow −589B VND FY2025
P/E ratio 19.0
More key figures
Operating margin 23.8%
EPS (TTM) 1,197 VND
EPS growth (YoY) -89.9%
Net debt 2.1T VND FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 42 · Market factors (momentum, volatility) 21

Profitability 40
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 22
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 19
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 43
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Sonadezi Chau Duc Shareholding Company develops and manages industrial park in Vietnam. The company develops industrial real estate and golf courses; and civil real estate, such as residential and commercial areas, and other construction projects.

Full company description

Sonadezi Chau Duc Shareholding Company develops and manages industrial park in Vietnam. The company develops industrial real estate and golf courses; and civil real estate, such as residential and commercial areas, and other construction projects. It also provides logistics, warehouses, container deport and ICD, electricity and water supply, security, supervision, and consultancy services, as well as wastewater treatment and environmental sanitation services. Sonadezi Chau Duc Shareholding Company was incorporated in 2007 and is based in Biên Hòa, Vietnam.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sonadezi Chau Duc Shareholding Company reported revenue of 1.1T VND in FY2025 versus 713B VND in FY2021, a compound +11.4%/yr. Reported net income was 345B VND in FY2025, compounding +1.6%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.1T VND
Latest YoY
+26.1%
Avg. growth/yr (3Y) 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.
+8.5%
Avg. growth/yr (5Y) 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.
+20.5%
Revenue +11.4%/yr
FY21 713B VND
FY22 859B VND
FY23 818B VND
FY24 871B VND
FY25 1.1T VND
Net income +1.6%/yr
FY21 324B VND
FY22 197B VND
FY23 219B VND
FY24 299B VND
FY25 345B VND

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Cite: Fair Value Calculator (2026). "Sonadezi Chau Duc Shareholding Company Fair Value". https://www.fairvalue-calculator.com/stock/SZC

Peer Group

Real Estate Services · 520 stocks

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.

Quality Score 42 · Bottom 25%
Fair Value upside +59% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 30% · Above median
Operating margin (TTM) 24% · Above median
Revenue growth -75% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.61× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 17.0× · Pricier than median
P/B 1.13× · Pricier than median
P/S (TTM) 4.61× · Pricier than median
EV/EBITDA 9.7× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 37
FUTURE 0 · sector 10
PAST 29 · sector 16
HEALTH 69 · sector 85
DIVIDEND 0 · sector 49

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

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Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.92 HK$34.92 -13%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
WHA Corporation WHAR 5.45 THB 4.14 THB -24%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%

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Frequently asked questions

Is Sonadezi Chau Duc Shareholding Company (SZC) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 32,567 VND versus a price of 20,500 VND, about +59% (undervalued).
What is the fair value of SZC?
Our model-based fair value for Sonadezi Chau Duc Shareholding Company is 32,567 VND (as of Jul 18, 2026), built from audited fundamentals. The current price is 20,500 VND.
What is the quality score of SZC?
Sonadezi Chau Duc Shareholding Company has a Quality Score of 40/100. 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 revenue of Sonadezi Chau Duc Shareholding Company (SZC)?
Sonadezi Chau Duc Shareholding Company reported trailing-twelve-month revenue of about 786B VND (latest available figure, as of Jul 18, 2026).
What is the net profit margin of SZC?
The net profit margin of Sonadezi Chau Duc Shareholding Company is about 30.0%, meaning it keeps roughly 30.0% 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.

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