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CK8
Real EstateCông ty Cổ phần Cơ khí 120
Bất động sảnCT
5.000
VND · Last close
Valuation Verdict
Overvalued
-120%Fair Value+120%
Intrinsic Value
1.862
Current
5.000
Gap
-62.8%
ModelDCF LEVERAGE SCREEN
Valuation Breakdown
CT→Bất động sản→Real Estate
Classified as real estate because ICB sector "Bất động sản" maps to the real estate group
ModelRNAV + DCF Blend
Intrinsic = 40% x (BVPS x 1.5) + 60% x DCF ValueReal estate developers in Vietnam report land banks at historical acquisition cost (Vietnamese Accounting Standards don't allow revaluation). This means book value severely understates true asset value. This model blends two approaches: an RNAV proxy (revalued net asset value, applying a 1.5x factor to book value) weighted 40%, and a DCF on normalized cash flows weighted 60%. Highly leveraged firms receive a +2% WACC penalty.
1
Weighted Avg Cost of Capital
Risk-Free (Rf)
4.50%
+
Betasector default
1.300
x
ERP
4.25%
+
CRP
2.75%
=
Cost of Equity (Ke)
13.60%
Ke
13.60%
x
E/(D+E)
100.00%
+
Kd(1-t)
0.00%
x
D/(D+E)
0.00%
=
WACC
13.60%
+2% WACC penalty (high leverage)
2
Growth Estimate
fundamental firm blend5.65%
Growth decays 10%/yr toward terminal
3
Model Inputs
4
Valuation
40%RNAV Proxy
—
60%DCF Value
1.862
Blended Intrinsic
1.862
Value Decomposition
42%
58%
Explicit period (42%)Terminal value (58%)
Valuation Track Record
Retroactive intrinsic value vs actual close price — CK8
Earnings Quality
Fiscal year 2025
53
Fair
Accrual Quality
94Cash Conversion
15Receivables
100Margin Stability
40Revenue Quality
0Quantitative Scores
F-Score
3/9
Weak
Z-Score
-1.69
Distress Zone
Sharpe
0.87
Positive
Composite
35
Weak
Price Risk
Momentum
+0.0%
Volatility
54.7%
Max Drawdown
0.0%
Key Ratios
Fiscal year 2025
10.51P/E
P/B0.00
P/S1.33
ROE-17.2%
ROA1.8%
EPS475.75
BVPS0.00
Gross Margin45.7%
Net Margin12.6%
D/E-11.35
Current Ratio0.22
Rev Growth7.0%
Profit Growth-12.1%
EV/EBITDA6.90
Div Yield0.0%
Company Overview
Issued Shares
3.0M
Charter Capital
30.0B VND
Sector (ICB L2)
Bất động sản
Industry (ICB L3)
Bất động sản
Sub-industry
Bất động sản
Company Type
CT
// OWNERSHIP_NETWORK
> mapping common ownership for CK8 — hover nodes for intel, click to navigate
Computed 12/04/2026