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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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 unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for HDC. This is calculated by dividing HDC's market cap by their current book value.
What is HDC's PB Ratio?
PB Ration/a
Book₫1.84t
Market Cap₫4.43t

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for HDC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2x
LHG Long Hau
1.1xn/a₫1.8t
SIP Sai Gon VRG Investment
4.9x10.8%₫15.9t
KBC KinhBac City Development Holding
1.1x78.6%₫20.6t
VRE Vincom Retail
1x10.6%₫41.4t
HDC Ba Ria - Vung Tau House Development
n/a5.1%₫4.4t

Price-To-Book vs Peers: Insufficient data to calculate HDC's Price-To-Book Ratio vs. peers for valuation analysis.

Price to Book Ratio vs Industry

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

0 CompaniesPrice / BookEstimated GrowthMarket Cap
HDC is unprofitableIndustry Avg. 1.0xNo. of Companies7PB00.61.21.82.43+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: Insufficient data to calculate HDC's Price-To-Book Ratio vs. industry for valuation analysis.

Price to Book Ratio vs Fair Ratio

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

HDC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ration/a
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate HDC's Price-To-Book 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?

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₫24,850.00
₫28,260.87
+13.7%
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 Forecast: Target price is less than 20% higher than the current share price.

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