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CTS
SecuritiesCông ty Cổ phần Chứng khoán Vietinbank
Dịch vụ tài chínhCK
26.850
VND · Last close
Valuation Verdict
Fairly Valued
-120%Fair Value+120%
Intrinsic Value
27.717
Current
26.850
Gap
+3.2%
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
2.06x
x
BVPS
13.425
=
Intrinsic Value
27.717
Valuation Track Record
Retroactive intrinsic value vs actual close price — CTS
Earnings Quality
Fiscal year 2025
25
Poor
Accrual Quality
52Cash Conversion
0Margin Stability
59Revenue Quality
0Quantitative Scores
F-Score
4/9
Neutral
Sharpe
0.44
Positive
Composite
44
Weak
Price Risk
Momentum
+36.7%
Volatility
40.2%
Max Drawdown
-33.6%
Key Ratios
Fiscal year 2025
2.00P/B
P/E9.89
ROE22.6%
ROA5.5%
EPS2714.57
BVPS13425.13
Net Margin27.5%
Rev Growth103.0%
Profit Growth149.9%
Div Yield0.0%
Company Overview
Issued Shares
212.7M
Charter Capital
2126.9B 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 CTS — hover nodes for intel, click to navigate
Computed 12/04/2026