Khang Dien House Trading and Investment Joint Stock Company

HOSE:KDH Stock Report

Market Cap: ₫32.4t

Khang Dien House Trading and Investment Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: KDH (₫32000) is trading below our estimate of fair value (₫267388.38)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KDH. This is calculated by dividing KDH's market cap by their current earnings.
What is KDH's PE Ratio?
PE Ratio73.5x
Earnings₫440.08b
Market Cap₫32.36t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KDH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average60.3x
VPI Van Phu - Invest Investment
73.3xn/a₫18.6t
NLG Nam Long Investment
49.4x42.1%₫14.2t
DXG Dat Xanh Group
87.6x48.0%₫11.6t
SJS SJ Group
31xn/a₫6.9t
KDH Khang Dien House Trading and Investment
73.5x49.5%₫32.4t

Price-To-Earnings vs Peers: KDH is expensive based on its Price-To-Earnings Ratio (73.5x) compared to the peer average (60.3x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NTL Tu Liem Urban Development
2.3xn/aUS$87.06m
VPH Van Phat Hung
4xn/aUS$25.25m
No more companies available in this PE range
KDH 73.5xIndustry Avg. 19.6xNo. of Companies8PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KDH is expensive based on its Price-To-Earnings Ratio (73.5x) compared to the VN Real Estate industry average (19.6x).

Price to Earnings Ratio vs Fair Ratio

What is KDH'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.

KDH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio73.5x
Fair PE Ratio42.1x

Price-To-Earnings vs Fair Ratio: KDH is expensive based on its Price-To-Earnings Ratio (73.5x) compared to the estimated Fair Price-To-Earnings Ratio (42.1x).

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 KDH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₫32,000.00
₫40,441.82
+26.4%
6.8%₫45,000.00₫35,430.91n/a9
Nov ’25₫33,150.00
₫40,128.69
+21.1%
5.9%₫43,000.00₫35,430.91n/a9
Oct ’25₫35,727.27
₫40,128.69
+12.3%
5.9%₫43,000.00₫35,430.91n/a9
Sep ’25₫34,272.73
₫40,057.98
+16.9%
5.6%₫43,000.00₫35,430.91n/a9
Aug ’25₫31,636.36
₫39,330.71
+24.3%
6.1%₫43,000.00₫35,430.91n/a9
Jul ’25₫33,636.36
₫39,330.71
+16.9%
6.1%₫43,000.00₫35,430.91n/a9
Jun ’25₫32,909.09
₫38,833.54
+18.0%
8.7%₫43,000.00₫30,956.36n/a9
May ’25₫31,818.18
₫37,621.41
+18.2%
9.9%₫43,000.00₫30,956.36n/a9
Apr ’25₫34,545.45
₫37,051.36
+7.3%
9.7%₫43,000.00₫30,956.36n/a8
Mar ’25₫31,772.73
₫34,032.73
+7.1%
6.0%₫37,181.82₫30,956.36n/a7
Feb ’25₫27,727.27
₫33,552.21
+21.0%
5.4%₫37,181.82₫30,956.36n/a7
Jan ’25₫28,545.45
₫33,670.86
+18.0%
5.3%₫37,181.82₫30,956.36n/a7
Dec ’24₫28,681.82
₫33,160.83
+15.6%
7.1%₫37,181.82₫29,338.84n/a7
Nov ’24₫26,000.00
₫33,448.90
+28.6%
7.8%₫37,181.82₫29,338.84₫33,150.007
Oct ’24₫26,983.47
₫31,665.17
+17.4%
10.8%₫36,446.28₫25,206.61₫35,727.277
Sep ’24₫30,578.51
₫31,263.75
+2.2%
9.5%₫33,921.49₫25,206.61₫34,272.737
Aug ’24₫29,669.42
₫30,283.83
+2.1%
8.1%₫33,921.49₫25,206.61₫31,636.367
Jul ’24₫25,454.55
₫30,283.83
+19.0%
8.1%₫33,921.49₫25,206.61₫33,636.367
Jun ’24₫24,297.52
₫29,620.52
+21.9%
9.5%₫33,921.49₫25,206.61₫32,909.096
May ’24₫24,628.10
₫28,243.80
+14.7%
7.4%₫30,826.45₫25,206.61₫31,818.184
Apr ’24₫22,809.92
₫28,167.36
+23.5%
7.1%₫30,520.66₫25,206.61₫34,545.454
Mar ’24₫20,371.90
₫35,667.36
+75.1%
19.9%₫45,702.48₫27,603.31₫31,772.734
Feb ’24₫21,900.83
₫36,434.71
+66.4%
18.3%₫45,702.48₫27,272.73₫27,727.275
Jan ’24₫21,900.83
₫36,434.71
+66.4%
18.3%₫45,702.48₫27,272.73₫28,545.455
Dec ’23₫22,479.34
₫36,434.71
+62.1%
18.3%₫45,702.48₫27,272.73₫28,681.825
Nov ’23₫18,842.98
₫39,966.57
+112.1%
12.6%₫45,702.48₫30,520.66₫26,000.006

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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