CMI

Construction

Công ty Cổ phần CMISTONE Việt Nam

Xây dựng và Vật liệuCT

700

VND · Last close

Valuation Verdict

Undervalued

High

−120%Fair Value+120%

Intrinsic Value

4.8k

Current

700

Gap

+500.0%

ModelEV EBITDA DCF BLEND

Valuation Breakdown

CT→Xây dựng và Vật liệu→Construction

Classified as construction because ICB sector "Xây dựng và Vật liệu" maps to the construction group

ModelEV/EBITDA + DCF Blend

Intrinsic = 50% x EV/EBITDA Value + 50% x DCF Value

Construction and industrial firms have characteristics of both cyclical businesses (lumpy project-based revenue) and growth companies (expanding order books). This model blends two approaches 50/50: EV/EBITDA valuation (captures current earning power relative to peers) and FCF-based DCF (captures future cash generation potential). If EV/EBITDA produces a negative value (debt exceeds enterprise value), only DCF is used.

Weighted Avg Cost of Capital

Risk-Free (Rf)

4.50%

Betasector default

1.100

ERP

5.00%

CRP

4.00%

Cost of Equity (Ke)

14.00%

E/(D+E)

100.00%

Kd(1-t)

0.00%

D/(D+E)

0.00%

WACC

14.00%

Growth Estimate

ROIC x Reinvestment15.00%

ROIC

61.47%

Reinvestment Rate

100.00%

Growth

15.00%

Growth decays 12%/yr toward terminal

Model Inputs

Valuation

50%EV/EBITDA Value

6.6k

50%DCF Value

3.0k

Blended Intrinsic

4.8k

Value Decomposition

50%

Explicit period (50%)Terminal value (50%)

Key Ratios

Fiscal year 2025

P/E

-0.55

P/B

0.00

P/S

0.23

ROE

16.8%

ROA

-10.7%

EPS

-1273.78

BVPS

0.00

Gross Margin

-6.0%

Net Margin

-41.9%

D/E

-2.32

Current Ratio

0.27

Rev Growth

34.4%

Profit Growth

1.7%

EV/EBITDA

70.09

Div Yield

0.0%

Company Overview

Issued Shares

15.0M

Charter Capital

160.0B VND

Sector (ICB L2)

Xây dựng và Vật liệu

Industry (ICB L3)

Xây dựng và Vật liệu

Sub-industry

Vật liệu xây dựng & Nội thất

Company Type

Computed 06/03/2026