An Gia Real Estate Investment and Development Valuation

Q: What is the Fair Price of AGG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AGG (₫14800) is trading below our estimate of [[fair value]] (₫41405.07)

Is AGG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AGG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AGG (₫14800) is trading below our estimate of fair value (₫41405.07)

Significantly Below Fair Value: AGG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AGG?

Key metric: As AGG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AGG. This is calculated by dividing AGG's market cap by their current earnings.
What is AGG's PE Ratio?
PE Ratio	7.5x
Earnings	₫320.10b
Market Cap	₫2.38t

AGG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1x
Enterprise Value/EBITDA	6.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does AGG's PE Ratio compare to its peers?

The above table shows the PE ratio for AGG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	12.5x
TIG Thang Long Investment Group	11.7x	n/a	₫2.5t
ASM Sao Mai Group	16.2x	n/a	₫3.2t
IDV Vinh Phuc Infrastructure Development	10x	n/a	₫1.3t
HPX Hai Phat Investment	12x	n/a	₫1.4t
AGG An Gia Real Estate Investment and Development	7.5x	n/a	₫2.4t

Price-To-Earnings vs Peers: AGG is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (12.5x).

Price to Earnings Ratio vs Industry

How does AGG's PE Ratio compare vs other companies in the VN Real Estate Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
NTL Tu Liem Urban Development	2.3x	n/a	US$88.48m
VPH Van Phat Hung	4.1x	n/a	US$25.92m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AGG is good value based on its Price-To-Earnings Ratio (7.5x) compared to the VN Real Estate industry average (19.7x).

Price to Earnings Ratio vs Fair Ratio

What is AGG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AGG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	7.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AGG's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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