Vinhomes Joint Stock Company (VHM) Fair Value & Analysis
Real Estate · VN · Market cap 603T VND
Fair value as of: Jun 25, 2026
From 26 valuation models · updated 4 days ago
Share price −3.7% over the past month.
Price vs Fair Value (12 months)
12‑month range 78,882 VND – 170,220 VND · fair‑value band 76,214 VND – 331,795 VND · the 156,000 VND price screens above the 109,431 VND fair value. As of Jun 25, 2026.
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Vinhomes Joint Stock Company (VHM) currently trades at 156,000 VND, while our model-based Fair Value estimate is 109,431 VND — implying the stock looks roughly 29.9% overvalued today. We read business quality at 93/100 (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, Vinhomes Joint Stock Company generated revenue of 203T VND at a net margin of 32.0%. It earns a return on equity of 26.7%. Net debt stands at 96.3T VND. The stock trades on a trailing P/E of 26.3. Fundamentals as of Jun 25, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.
About the company
Vinhomes Joint Stock Company develops and sells real estate properties in Vietnam. The company also leases office properties. In addition, it provides real estate management and related services; general contractor; consulting and designing construction; and supervision and construction management services. The company was formerly known as Hanoi Southern City Development Joint Stock Company and changed its name to Vinhomes Joint Stock Company in February 2018. The company was incorporated in 2008 and is headquartered in Hanoi, Vietnam. Vinhomes Joint Stock Company operates as a subsidiary of Vingroup Joint Stock Company.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Vinhomes Joint Stock Company reported revenue of 153T VND in FY2025 versus 85.0T VND in FY2021, a compound +15.9%/yr. Reported net income was 41.9T VND in FY2025, compounding +1.9%/yr from FY2021.
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Similar stocks
6 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jun 25, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DLF Limited DLF | ₹577.70 | ₹263.02 | -54% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 6,325 IDR | 1,330 IDR | -79% |
| Lodha Developers Limited LODHA | ₹894.45 | ₹721.45 | -19% |
| Oberoi Realty Limited OBEROIRLTY | ₹1,633 | ₹1,368 | -16% |
| Godrej Properties Limited GODREJPROP | ₹1,708 | ₹2,070 | +21% |
| PT Jaya Real Property, Tbk., JRPT | 1,080 IDR | 1,674 IDR | +55% |
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Frequently asked questions
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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.