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APG
SecuritiesCông ty Cổ phần Chứng khoán APG
Dịch vụ tài chínhCK
5.750
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
7.995
Current
5.750
Gap
+39.0%
ModelCYCLE ADJUSTED PB
Valuation Breakdown
CK→Securities
Classified as securities because company type is CK (securities firm)
ModelCycle-Adjusted P/B
Intrinsic Value = Avg P/B (5yr) x Cycle Discount x BVPSSecurities firms (brokerages) have earnings that swing dramatically with market trading volumes. Instead of using a single year's valuation, this model averages Price-to-Book over 5 years to capture a full market cycle, similar to how Shiller's CAPE smooths earnings for the broader market. If the firm is currently earning much more than its historical average (ROE > 1.3x avg), a 15% discount is applied as a mean-reversion signal.
1
Model Inputs
Years of data→5
2
Valuation
Fair P/B
0.75x
x
BVPS
10.653
=
Intrinsic Value
7.995
Valuation Track Record
Retroactive intrinsic value vs actual close price — APG
Earnings Quality
Fiscal year 2025
1
Poor
Accrual Quality
5Cash Conversion
0Margin Stability
0Revenue Quality
0Quantitative Scores
F-Score
5/9
Neutral
Sharpe
0.35
Positive
Composite
39
Weak
Price Risk
Momentum
+15.3%
Volatility
11.5%
Max Drawdown
-22.7%
Key Ratios
Fiscal year 2025
0.54P/B
P/E235.44
ROE0.2%
ROA0.1%
EPS24.42
BVPS10653.42
Net Margin1.6%
Rev Growth198.6%
Profit Growth104.2%
Div Yield0.0%
Company Overview
Issued Shares
223.6M
Charter Capital
2236.2B VND
Sector (ICB L2)
Dịch vụ tài chính
Industry (ICB L3)
Dịch vụ tài chính
Sub-industry
Môi giới chứng khoán
Company Type
CK
// OWNERSHIP_NETWORK
> mapping common ownership for APG — hover nodes for intel, click to navigate
Computed 12/04/2026