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HAC
SecuritiesCông ty Cổ phần Chứng khoán Hải Phòng
Dịch vụ tài chínhCK
9.300
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
13.820
Current
9.300
Gap
+48.6%
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
1.30x
x
BVPS
10.643
=
Intrinsic Value
13.820
Valuation Track Record
Retroactive intrinsic value vs actual close price — HAC
Earnings Quality
Fiscal year 2025
14
Poor
Accrual Quality
69Cash Conversion
0Margin Stability
0Revenue Quality
0Quantitative Scores
F-Score
3/9
Weak
Sharpe
-0.41
Negative
Composite
19
Poor
Price Risk
Momentum
-23.4%
Volatility
108.8%
Max Drawdown
-35.3%
Key Ratios
Fiscal year 2025
0.89P/B
P/E6.18
ROE15.6%
ROA13.2%
EPS1538.23
BVPS10643.14
Net Margin52.5%
Rev Growth36.7%
Profit Growth1526.9%
Div Yield0.0%
Company Overview
Issued Shares
129.2M
Charter Capital
1291.8B 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 HAC — hover nodes for intel, click to navigate
Computed 12/04/2026