1. Vietnam Stocks

  2. •

    Consumer durables

  3. •

    Homebuilding
Khang Dien House Trading & Investment JSC

Khang Dien House Trading & Investment JSC

HHOSE:KDH
14,900.00
VND
+50.00
(+0.34%)
22.04TMarket Cap
Dec 02Next Earn
Khang Dien House Trading & Investment JSC
HOSE:KDH
(Ho Chi Minh Stock Exchange)

Recent

price

14,900.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
5.08
1,107.32
20.67
644.54
2,826.73
1,688.14
6,020.43
5,137.95
3,288.33
3,077.92
5,018.93
4,078.78
3,073.17
2,152.63
3,151.56
4,165.14
- -
Revenue per Share
1.15
50.29
-305.95
-713.6
464.73
384.35
568.62
844.75
911.07
1,001.3
1,276.6
1,311.97
1,164.01
737.91
779.02
936.24
- -
Basic EPS, GAAP
-1.33
-722.25
-787.43
-1,679.49
992.93
284.44
1,827.08
900.95
-992.44
-435.73
126.89
-1,804.07
-1,169.57
-1,790.91
-3,602.44
-2,424.71
-1,444
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
162.05
192.94
393.57
218.63
226.48
290.47
- -
- -
- -
- -
- -
- -
Dividend per Share
5,874.74
7,482.57
6,925.16
5,720.47
5,176.83
5,236.84
5,590.19
6,722.22
7,541.74
8,282.27
9,030.87
11,165.27
12,113.46
13,907.37
15,639.08
16,505.63
16,579.87
Book Value per Share
5,700.7
7,243.67
6,712.72
5,645.78
5,139.33
5,215.82
5,572.67
6,710.98
7,537.04
8,279.26
9,028.86
11,164.34
12,113.45
13,907.37
15,639.08
16,505.62
16,579.87
Tangible Book Value per Share
151,775
205
181
175
220
622
653
595
887
914
903
917
948
970
1,040
1,117
1,194
Basic Weighted Avg Shares
771,758
227,012
3,749
112,493
621,079
1,049,940
3,931,643
3,054,812
2,916,595
2,813,353
4,532,069
3,738,368
2,911,963
2,087,771
3,278,584
4,651,105
- -
Sales/Revenue/Turnover
34.22
3.87
-732.79
-72.29
4.5
18.99
17.53
25.94
33.3
43.46
33.99
37.64
36.58
58.42
39.89
46.44
- -
Operating Margin (%)
5,406
27,468
6,192
15,535
2,766
2,801
9,847
6,901
7,796
9,344
10,747
-188,060
-254,949
-4,531
13,552
13,262
13,514
Depreciation Expense
174,720
10,310
-55,508
-124,546
102,109
253,358
371,775
502,251
808,078
915,233
1,152,766
1,202,474
1,102,954
715,674
810,414
1,045,471
- -
Net Income, GAAP
26.58
- -
- -
- -
40.11
15.39
30.42
23.34
24.72
22.94
20.84
21.78
23.28
31.76
23.54
20.22
- -
Effective Tax Rate (%)
22.64
4.54
-1,480.43
-110.71
16.44
24.13
9.46
16.44
27.71
32.53
25.44
32.17
37.88
34.28
24.72
22.48
- -
Profit Margin (%)
2,006,129
1,484,746
1,231,808
1,335,042
2,600,941
6,598,107
5,969,158
7,292,830
6,794,959
7,755,342
8,781,527
11,167,207
17,003,296
19,391,384
24,661,295
28,103,721
31,928,806
Working Capital
476,475
227,762
445,982
546,606
1,064,731
2,699,216
1,699,929
1,471,223
336,509
405,200
1,058,236
1,737,856
5,576,291
4,901,500
5,998,206
8,347,586
14,435,537
LT Debt
1,621,358
1,446,143
1,178,496
965,935
1,536,242
4,173,024
4,397,812
6,190,897
6,899,499
7,664,360
8,158,100
10,221,205
11,794,533
15,522,904
19,453,434
21,164,280
19,973,730
Total Equity
12.51
- -
- -
- -
2.36
3.94
6.17
7.87
10.19
11.19
12.29
8.99
4.75
3.7
3.51
5.51
- -
Return on Invested Capital (%)
8.09
- -
- -
- -
7.86
5.82
5.14
6.41
10.57
11.21
12.48
10.65
7.22
3.97
4.06
2.1
- -
Return on Capital (%)
17.75
0.86
-4.79
-11.97
8.29
10.05
11.03
11.56
13.38
12.63
14.64
13.13
10.15
5.72
5.25
5.82
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,801,815
1,952,420
2,223,420
LT Borrowings
8,347,586
13,395,790
14,435,537
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,122
1,122
1,122
Market Capitalization
32,136,154
26,525,079
22,036,220

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
31,619,144
37,310,715
35,453,468
Cash, Cash Equivalents & STI
2,755,291
3,824,574
2,889,763
Accounts Receivable, Net
1,262,042
1,249,625
379,971
Inventories
23,260,016
29,125,945
29,488,131
Total Current Liabilities
3,515,423
3,394,097
3,524,662
Payables & Accruals
- -
- -
- -
ST Debt
1,801,815
1,952,420
2,223,420
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.15%
21.28%
8.79%
Free Cash Flow
-135.98%
-286.27%
-27.75%
Net Income, GAAP
18.51%
0.63%
29%
Sales/Revenue/Turnover
33.62%
6.2%
41.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
333,961
644,538
252,556
2,047,530
3,278,584
2025
709,885
1,046,771
- -
1,816,336
4,651,105
2026
281,361
160,643
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
64.7
263.64
60
360
779.02
2025
109.64
180
- -
410
936.24
2026
250.74
620
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Lennar Corporation (NYSE:LEN)
Anant Raj Ltd. (NSE:ANANTRAJ)
D.R. Horton, Inc. (NYSE:DHI)
Orascom Development Egypt (S.A.E) (EGX:ORHD)
Springview Holdings Ltd (NASDAQ:SPHL)
Heliopolis Housing (EGX:HELI)
Business
Khang Dien House Trading and Investment Joint Stock Company operates primarily in the residential real estate sector in Vietnam, focusing on the investment, development, leasing, and trading of houses, villas, apartment buildings, commercial centers, office buildings, and land. It offers an extensive range of products and services including the construction of residential and nonresidential buildings, civil and industrial works, infrastructure projects, architectural and interior design services, real estate consultancy, brokerage, real estate management for urban and industrial zones, and preschool and primary education facilities. Founded in 2001 and headquartered in Ho Chi Minh City, the company operates mainly in the southern Vietnamese market, particularly Ho Chi Minh City. Recently, Khang Dien has undergone significant capital increases, with the charter capital rising to over VND 10 trillion by late 2024. The company has successfully raised approximately VND 3,000 billion in equity through private placements, stock dividends, and employee stock ownership plans in 2024. It has actively expanded its project portfolio, notably launching and handing over units at the Privia project starting in October 2024, and plans to launch two new projects, Clarita and Emeria, in cooperation with Keppel Corporation in 2024. Khang Dien has also made strategic acquisitions, including acquiring a 99.96% stake in Thuy Sinh Real Estate Joint Stock Company, enhancing its land reserves and development capacity. The company continues to focus on high-end and mid-end residential markets with strong sales liquidity supported by projects in Thu Duc City and Binh Chanh District. Khang Dien’s strategic partnerships, equity funding rounds, new project launches, and acquisition activities in recent years underscore its growth and expansion in Vietnam’s real estate industry, positioning it as a leading developer with diversified operations across residential, commercial, and infrastructure real estate segments within the country.