KinhBac City Development Holding Corporation

HOSE:KBC Stock Report

Market Cap: ₫20.7t

KinhBac City Development Holding Valuation

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

Below Fair Value: KBC (₫27000) is trading below our estimate of fair value (₫347398.49)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KBC. This is calculated by dividing KBC's market cap by their current earnings.
What is KBC's PE Ratio?
PE Ratio45.4x
Earnings₫456.78b
Market Cap₫20.73t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KBC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.6x
SIP Sai Gon VRG Investment
19x10.8%₫15.9t
VRE Vincom Retail
10.1x10.6%₫41.1t
LHG Long Hau
10.8xn/a₫1.8t
VPI Van Phu - Invest Investment
74.3xn/a₫18.9t
KBC KinhBac City Development Holding
45.4x80.8%₫20.7t

Price-To-Earnings vs Peers: KBC is expensive based on its Price-To-Earnings Ratio (45.4x) compared to the peer average (28.6x).


Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NTL Tu Liem Urban Development
2.2xn/aUS$86.58m
VPH Van Phat Hung
4.2xn/aUS$26.63m
No more companies available in this PE range
KBC 45.4xIndustry Avg. 20.7xNo. of Companies9PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KBC is expensive based on its Price-To-Earnings Ratio (45.4x) compared to the VN Real Estate industry average (20.7x).


Price to Earnings Ratio vs Fair Ratio

What is KBC'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.

KBC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.4x
Fair PE Ratio58.8x

Price-To-Earnings vs Fair Ratio: KBC is good value based on its Price-To-Earnings Ratio (45.4x) compared to the estimated Fair Price-To-Earnings Ratio (58.8x).


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 KBC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₫27,000.00
₫37,280.60
+38.1%
10.9%₫41,800.00₫31,800.00n/a5
Nov ’25₫26,350.00
₫36,900.60
+40.0%
11.1%₫41,800.00₫31,800.00n/a5
Oct ’25₫28,200.00
₫36,900.60
+30.9%
11.1%₫41,800.00₫31,800.00n/a5
Sep ’25₫26,750.00
₫38,300.60
+43.2%
8.3%₫41,800.00₫33,600.00n/a5
Aug ’25₫26,000.00
₫38,600.00
+48.5%
6.9%₫41,800.00₫34,400.00n/a4
Jul ’25₫28,950.00
₫38,483.20
+32.9%
6.2%₫41,800.00₫34,400.00n/a5
Jun ’25₫31,400.00
₫38,483.20
+22.6%
6.2%₫41,800.00₫34,400.00n/a5
May ’25₫29,000.00
₫38,604.00
+33.1%
7.2%₫41,800.00₫34,400.00n/a4
Apr ’25₫34,400.00
₫39,383.20
+14.5%
7.4%₫42,500.00₫34,400.00n/a5
Mar ’25₫31,200.00
₫37,783.20
+21.1%
8.8%₫42,500.00₫33,200.00n/a5
Feb ’25₫31,350.00
₫37,783.20
+20.5%
8.8%₫42,500.00₫33,200.00n/a5
Jan ’25₫31,750.00
₫37,783.20
+19.0%
8.8%₫42,500.00₫33,200.00n/a5
Dec ’24₫31,550.00
₫37,783.20
+19.8%
8.8%₫42,500.00₫33,200.00n/a5
Nov ’24₫26,700.00
₫38,650.00
+44.8%
7.3%₫42,500.00₫35,200.00₫26,350.004
Oct ’24₫32,100.00
₫38,650.00
+20.4%
7.3%₫42,500.00₫35,200.00₫28,200.004
Sep ’24₫34,450.00
₫37,525.00
+8.9%
4.6%₫40,000.00₫35,200.00₫26,750.004
Aug ’24₫32,050.00
₫32,650.00
+1.9%
3.3%₫34,000.00₫31,000.00₫26,000.004
Jul ’24₫29,350.00
₫31,675.00
+7.9%
6.4%₫34,000.00₫28,700.00₫28,950.004
Jun ’24₫28,500.00
₫30,625.00
+7.5%
5.2%₫33,000.00₫28,700.00₫31,400.004
May ’24₫25,800.00
₫26,700.00
+3.5%
8.7%₫29,800.00₫24,000.00₫29,000.004
Apr ’24₫24,250.00
₫29,445.00
+21.4%
19.9%₫40,425.00₫24,000.00₫34,400.005
Mar ’24₫22,300.00
₫29,445.00
+32.0%
19.9%₫40,425.00₫24,000.00₫31,200.005
Feb ’24₫24,300.00
₫31,045.00
+27.8%
22.5%₫40,425.00₫23,500.00₫31,350.005
Jan ’24₫24,200.00
₫32,725.00
+35.2%
19.2%₫40,425.00₫23,500.00₫31,750.005
Dec ’23₫20,200.00
₫32,725.00
+62.0%
19.2%₫40,425.00₫23,500.00₫31,550.005
Nov ’23₫17,450.00
₫39,565.00
+126.7%
8.9%₫43,000.00₫33,400.00₫26,700.005

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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