Ba Ria - Vung Tau House Development Joint Stock Company

HOSE:HDC Stock Report

Market Cap: ₫4.4t

Ba Ria - Vung Tau House Development Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 HDC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate HDC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HDC's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HDC. This is calculated by dividing HDC's market cap by their current earnings.
What is HDC's PE Ratio?
PE Ratio66.8x
Earnings₫64.88b
Market Cap₫4.35t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HDC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.4x
LHG Long Hau
9.7xn/a₫1.8t
SGR Saigon Real Estate Group
25.6xn/a₫2.1t
KBC KinhBac City Development Holding
48.9x71.7%₫22.5t
VRE Vincom Retail
9.3x9.0%₫37.9t
HDC Ba Ria - Vung Tau House Development
66.8x81.8%₫4.4t

Price-To-Earnings vs Peers: HDC is expensive based on its Price-To-Earnings Ratio (66.8x) compared to the peer average (23.4x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NTL Tu Liem Urban Development
2.1xn/aUS$85.14m
VPH Van Phat Hung
3.9xn/aUS$25.37m
No more companies available in this PE range
HDC 66.8xIndustry Avg. 30.5xNo. of Companies8PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HDC is expensive based on its Price-To-Earnings Ratio (66.8x) compared to the VN Real Estate industry average (30.5x).

Price to Earnings Ratio vs Fair Ratio

What is HDC'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.

HDC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio66.8x
Fair PE Ratio45.6x

Price-To-Earnings vs Fair Ratio: HDC is expensive based on its Price-To-Earnings Ratio (66.8x) compared to the estimated Fair Price-To-Earnings Ratio (45.6x).

Analyst Price Targets

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

The above table shows the analyst HDC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₫24,300.00
₫28,260.87
+16.3%
4.0%₫29,391.30₫27,130.43n/a2
Jan ’26₫25,050.00
₫28,260.87
+12.8%
4.0%₫29,391.30₫27,130.43n/a2
Dec ’25₫25,500.00
₫28,260.87
+10.8%
4.0%₫29,391.30₫27,130.43n/a2
Nov ’25₫25,850.00
₫28,260.87
+9.3%
4.0%₫29,391.30₫27,130.43n/a2
Oct ’25₫26,450.00
₫28,260.87
+6.8%
4.0%₫29,391.30₫27,130.43n/a2
Sep ’25₫24,739.13
₫28,260.87
+14.2%
4.0%₫29,391.30₫27,130.43n/a2
Analyst Price Target
Consensus Narrative from 2 Analysts
₫28.26k
Fair Value
14.0% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 10:29
End of Day Share Price 2025/02/07 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ba Ria - Vung Tau House Development Joint Stock Company is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tran NguyenMirae Asset Securities (Vietnam)
Binh NguyenMirae Asset Securities (Vietnam)
Thuc ThanViet Capital Securities Joint Stock Company