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HBS
SecuritiesCông ty Cổ phần Chứng khoán Hòa Bình
Dịch vụ tài chínhCK
4.400
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
7.734
Current
4.400
Gap
+75.8%
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
0.70x
x
BVPS
10.995
=
Intrinsic Value
7.734
Valuation Track Record
Retroactive intrinsic value vs actual close price — HBS
Earnings Quality
Fiscal year 2024
48
Weak
Accrual Quality
65Cash Conversion
100Margin Stability
22Revenue Quality
0Quantitative Scores
F-Score
4/9
Neutral
Sharpe
-1.07
Negative
Composite
40
Weak
Price Risk
Momentum
-12.2%
Volatility
63.1%
Max Drawdown
-52.2%
Key Ratios
Fiscal year 2024
0.40P/B
P/E14.82
ROE2.5%
ROA2.5%
EPS296.86
BVPS10995.29
Net Margin33.8%
Rev Growth-24.8%
Profit Growth-44.9%
Div Yield0.0%
Company Overview
Issued Shares
33.0M
Charter Capital
330.0B 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 HBS — hover nodes for intel, click to navigate
Computed 12/04/2026