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DSC
SecuritiesCông ty Cổ phần Chứng khoán DSC
Dịch vụ tài chínhCK
12.800
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
15.874
Current
12.800
Gap
+24.0%
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
1.44x
x
BVPS
11.007
=
Intrinsic Value
15.874
Valuation Track Record
Retroactive intrinsic value vs actual close price — DSC
Earnings Quality
Fiscal year 2025
30
Weak
Accrual Quality
47Cash Conversion
0Margin Stability
75Revenue Quality
7Quantitative Scores
F-Score
5/9
Neutral
Sharpe
0.26
Positive
Composite
45
Weak
Price Risk
Momentum
+17.0%
Volatility
31.7%
Max Drawdown
-26.6%
Key Ratios
Fiscal year 2025
1.34P/B
P/E14.69
ROE10.1%
ROA4.3%
EPS1000.71
BVPS11006.76
Net Margin39.6%
Rev Growth38.1%
Profit Growth55.6%
Div Yield0.0%
Company Overview
Issued Shares
275.0M
Charter Capital
2784.7B 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 DSC — hover nodes for intel, click to navigate
Computed 12/04/2026