CAR

Consumer

Công ty cổ phần Tập đoàn Giáo dục Trí Việt

Hàng & Dịch vụ Công nghiệp/Tư vấn & Hỗ trợ Kinh doanhCT

16.500

VND · Last close

Valuation Verdict

Overvalued

Very Low

-120%Fair Value+120%

Intrinsic Value

10.624

Current

16.500

Gap

-35.6%

ModelFCF DCF

Valuation Breakdown

CT→Hàng & Dịch vụ Công nghiệp→Consumer

Classified as consumer because ICB sector "Hàng & Dịch vụ Công nghiệp" maps to the consumer group

ModelFCF-Based DCF

Value = Sum of [FCF / (1+WACC)^t] + Terminal Value / (1+WACC)^n

A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.

Weighted Avg Cost of Capital

Risk-Free (Rf)

4.50%

Betasector default

1.000

ERP

4.25%

CRP

2.75%

Cost of Equity (Ke)

11.50%

E/(D+E)

92.65%

Kd(1-t)

6.29%

D/(D+E)

7.35%

WACC

11.12%

Growth Estimate

fundamental firm blend7.04%

Growth decays 10%/yr toward terminal

Model Inputs

Base FCF→3.59B

Projection years→10

Valuation

Base FCF

3.59B

Growth Rate

7.04%

WACC

11.12%

Terminal Growth

4.00%

DCF Value

10.624

Value Decomposition

48%

52%

Explicit period (48%)Terminal value (52%)

Valuation Track Record

Retroactive intrinsic value vs actual close price — CAR

Earnings Quality

Fiscal year 2025

Poor

Accrual QualityLow accruals vs reported earnings

Cash ConversionOperating cash flow vs net income

ReceivablesDSO trend vs revenue growth

Margin StabilityConsistency of profit margins

Revenue QualityConsistency of revenue growth

Financial Forensics

Beneish M-Score · 2024

-2.08

Moderate

DSRI

1.003

GMI

1.017

AQI

1.013

SGI

1.030

DEPI

1.284

SGAI

0.942

TATA

0.033

LVGI

0.528

The Beneish M-Score of -2.0832 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality score of 47.2/100, particularly low cash conversion and receivables metrics, raises concerns about the sustainability of reported earnings.

Red Flags

Earnings Quality Score of 47.2/100 indicates potential issues with earnings sustainability, particularly with cash conversion at only 37.1/100.
Receivables score of 0.0/100 suggests significant risks in accounts receivable management, potentially indicating aggressive revenue recognition.

Positive Signals

Beneish M-Score of -2.0832 is below the manipulation threshold, suggesting that the likelihood of earnings manipulation is low.
The SGI of 1.0299 indicates moderate growth, which could be a positive signal if managed effectively.

Ownership Risk

The ownership structure shows a concentration of shares among a few institutional and individual investors, which may lead to governance risks and potential conflicts of interest.

Recommendation

Investors should closely monitor cash flow and receivables management, and consider a cautious approach given the elevated risk profile. Engaging with management on earnings quality metrics could provide further insights.

Generated by AI based on quantitative data. Not financial advice.

Quantitative Scores

F-Score

5/9

Neutral

Z-Score

16.23

Safe Zone

Sharpe

-1.17

Negative

Composite

Poor

Price Risk

Momentum

-5.6%

Volatility

29.7%

Max Drawdown

-21.9%

Key Ratios

Fiscal year 2025

37.70P/E

P/B1.57

P/S2.15

ROE4.2%

ROA3.9%

EPS437.71

BVPS10485.40

Gross Margin34.9%

Net Margin5.7%

D/E0.06

Current Ratio6.52

Rev Growth2.2%

Profit Growth-37.7%

EV/EBITDA12.20

Div Yield0.0%

Company Overview

Issued Shares

5.6M

Charter Capital

55.7B VND

Sector (ICB L2)

Hàng & Dịch vụ Công nghiệp

Industry (ICB L3)

Tư vấn & Hỗ trợ Kinh doanh

Sub-industry

Đào tạo & Việc làm

Company Type

// OWNERSHIP_NETWORK

> mapping common ownership for CAR — hover nodes for intel, click to navigate

Shareholders

Công ty Cổ Phần Fibo Invest

Inst

18.2%

921.600

Nguyễn Thùy Thương

Indiv

15.9%

884.950

Công ty Cổ Phần Đầu Tư Và Tư Vấn Ib Plus

Inst

15.3%

776.000

Hoàng Thị Thi

Indiv

4.8%

155.000

Trịnh Văn Liêm

Indiv

4.8%

155.000

Trịnh An Phong

Indiv

4.8%

155.000

Nguyễn Đức Thành

Indiv

4.7%

150.000

Dương Thị Nhan

Indiv

4.7%

150.000

Đào Thị Thanh Hà

Indiv

3.8%

208.560

Đỗ Quốc Hùng

Indiv

3.7%

204.600

Nguyễn Hoàng Thơ

Indiv

3.6%

198.000

Đào Đức Việt

Indiv

1.7%

117.240

Nguyễn Trường Giang

Indiv

1.2%

38.500

Top connections

VSC4.7%TV14.7%DCM4.7%QNC2.2%TST1.2%SNC1.2%RAT1.2%PTI1.2%KGM1.2%HID1.2%

Computed 12/04/2026