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CSI
SecuritiesCông ty Cổ phần Chứng khoán Kiến thiết Việt Nam
Dịch vụ tài chínhCK
14.300
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
19.307
Current
14.300
Gap
+35.0%
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
1.87x
x
BVPS
10.327
=
Intrinsic Value
19.307
Valuation Track Record
Retroactive intrinsic value vs actual close price — CSI
Earnings Quality
Fiscal year 2025
50
Weak
Accrual Quality
97Cash Conversion
100Margin Stability
0Revenue Quality
0Quantitative Scores
F-Score
6/9
Neutral
Sharpe
-2.37
Negative
Composite
39
Weak
Price Risk
Momentum
-45.1%
Volatility
47.6%
Max Drawdown
-63.5%
Key Ratios
Fiscal year 2025
1.37P/B
P/E31.73
ROE4.4%
ROA4.3%
EPS447.32
BVPS10327.44
Net Margin9.0%
Rev Growth624.5%
Profit Growth151.7%
Div Yield0.0%
Company Overview
Issued Shares
16.8M
Charter Capital
168.0B 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 CSI — hover nodes for intel, click to navigate
Computed 12/04/2026