HDC.VN Ba Ria Vung Tau House Development JSC
- Market cap
- VND 2.66T
- P/E
- 13.7x
- P/B
- 0.86x
- ROE
- 7.3%
- Dividend yield
- 0.04%
- Fundamental score
- 2.9/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is HDC.VN undervalued?
Graham numberHDC.VN trades 27.6% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Ba Ria Vung Tau House Development JSC fundamental analysis
14 of 22 checks passedROE 0/2
Low return on equity (7.3%), below 10%.
ROA 1/1
Return on assets (3.8%) is above the industry median (1.4%).
Profit Consistency 2/2
Profitable for 6 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (763.8%) is above the 5-year average (17.1% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (763.8%) is above the industry median (66.4%).
Revenue Growth 0/2
Revenue shrank 29.4% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (37.8%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 0/1
EBIT is 2.6x against interest expense, below 5x.
PE vs Market 0/1
PE (14.1x) is above the market median (11.2x).
PE vs Industry 0/1
PE (14.1x) is above the industry median (13.2x).
PBV 1/1
Price to book (0.9x) is below the industry median (0.9x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 12.5, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.82, growth is cheap.
Dividend Yield 0/2
Dividend yield (0.0%) is in the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 0.2%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Ba Ria Vung Tau House Development JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Ba Ria Vung Tau House Development JSC
Ba Ria - Vung Tau House Development Joint Stock Company, together with its subsidiaries, engages in real estate business in Vietnam. It is involved in the house trading, construction investment, post business, apartment management, real estate exchange management, real estate brokeraging, real estate valuation, construction materials trading, tourism service business, development and construction for urban area and industrial zone, implementing civil, industrial and traffic …
Full company profileBa Ria Vung Tau House Development JSC financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Ba Ria Vung Tau House Development JSC annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | - | - | 839B | 1.35T | 1.30T | 665B | 546B | 456B | 612B |
| Gross Profit | - | - | 375B | 486B | 479B | 298B | 220B | 96.5B | 228B |
| Operating Income | - | - | 322B | 423B | 369B | 240B | 163B | -7.31B | 107B |
| EBITDA | - | - | - | - | 640B | 264B | 166B | 913B | 462B |
| Net Income | - | - | 230B | 309B | 419B | 132B | 66.1B | 639B | 218B |
| EPS | - | - | 1,453 | - | 7,396 | 614 | 370 | 3,199 | 947 |
| Balance Sheet | |||||||||
| Total Assets | - | - | 3.33T | 3.78T | 4.42T | 4.70T | 4.88T | 6.08T | 5.77T |
| Total Liabilities | - | - | 2.19T | 2.29T | 2.56T | 2.79T | 2.61T | 3.15T | 2.75T |
| Shareholders' Equity | - | - | 1.12T | 1.46T | 1.84T | 1.89T | 2.25T | 2.89T | 2.97T |
| Cash & Short-term Investments | - | - | 29.9B | 61.7B | 11.5B | 12.9B | 10.3B | 499B | 20.6B |
| Cash Flow | |||||||||
| Operating Cash Flow | -199B | 81.8B | 277B | -309B | 86.2B | 180B | -133B | -1.02T | -712B |
| Capital Expenditure | 5.97B | 11.1B | 311B | 20.9B | 19.5B | 3.88B | 2.22B | 12.6B | 2.13B |
| Free Cash Flow | - | - | -33.8B | -330B | 66.7B | 177B | -135B | -1.03T | -714B |
| Ratios | |||||||||
| ROE | - | - | 20.5% | 21.2% | 22.8% | 7.0% | 2.9% | 22.1% | 7.3% |
| ROA | - | - | 6.9% | 8.2% | 9.5% | 2.8% | 1.4% | 10.5% | 3.8% |
| Net Profit Margin | - | - | 27.4% | 22.9% | 32.3% | 19.8% | 12.1% | 140.0% | 35.5% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Ba Ria Vung Tau House Development JSC dividends
- Dividend yield
- 0.04%
- Forward dividend
- -
- Payout ratio
- 0.2%
- Ex-dividend date
- Jun 15, 2017
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 960M | 4.81 | 0.2% |
| 2024 | VND 840M | 4.71 | 1.3% |
| 2023 | VND 960M | 4.48 | 0.7% |
| 2022 | VND 1.32B | 23 | 0.3% |
| 2021 | VND 1.07B | - | 0.3% |
| 2020 | VND 880M | 5.55 | 0.4% |
| 2019 | - | - | - |
| 2018 | - | - | - |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 115:100 on Jun 19, 2026.
Who owns Ba Ria Vung Tau House Development JSC
- Insiders 21.32%
- Institutions 0.37%
- Public & others 78.31%
- Shares outstanding 230M
- Free float 194M
Ba Ria Vung Tau House Development JSC company profile
- Company name
- Ba Ria Vung Tau House Development JSC
- Ticker
- HDC.VN
- ISIN
- VN000000HDC9
- Exchange
- Vietnam Stocks
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Employees
- 257
- Fiscal year end
- December
- Address
- Hodeco Plaza, Vung Tàu, Vietnam
- Phone
- 84 254 3856 274
- Website
- hodeco.vn
About Ba Ria Vung Tau House Development JSC
Ba Ria - Vung Tau House Development Joint Stock Company, together with its subsidiaries, engages in real estate business in Vietnam. It is involved in the house trading, construction investment, post business, apartment management, real estate exchange management, real estate brokeraging, real estate valuation, construction materials trading, tourism service business, development and construction for urban area and industrial zone, implementing civil, industrial and traffic engineering, making concrete and other cement related products, and repairing and maintenance of elevators. it also involved in the constructing civil architectures, trading real estate, land use rights, buying houses, constructions for sales, lease, investing for refinery and infrastructure, constructing and managing apartments, water park, housing business, real estate business, including land use rights owned by the enterprise, land use rights under ownership, and land use rights leased by the enterprise. In addition, it invests in new urban areas and housing; real estate business; construction of civil industry, transport works; production of concrete and products from cement, mortar; and hotel business. The company was founded in 1990 and is based in Vung Tàu, Vietnam.
Ba Ria Vung Tau House Development JSC management
5- Mr. Huu Thuan DoanExecutive Chairman of Board
- Mr. Le Viet LienGeneral Director & Director
- Mr. Doan Huu Ha VinhDeputy General Direc of Project, Investment, Planning & Technology Dept. and Vice Chairman of Board
- Ms. Lan Tuyet Thi MaiChief Accountant
- Mr. Lyall John StuartHead of the Branch