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HVA
SecuritiesCông ty Cổ phần Đầu tư HVA
Dịch vụ tài chínhCT
5.800
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
8.397
Current
5.800
Gap
+44.8%
ModelCYCLE ADJUSTED PB
Valuation Breakdown
CT→Dịch vụ tài chính→Securities
Classified as securities because ICB sector "Dịch vụ tài chính" maps to the securities group
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
0.75x
x
BVPS
11.154
=
Intrinsic Value
8.397
Valuation Track Record
Retroactive intrinsic value vs actual close price — HVA
Earnings Quality
Fiscal year 2025
26
Poor
Accrual Quality
95Cash Conversion
24Margin Stability
0Revenue Quality
0Quantitative Scores
F-Score
3/9
Weak
Sharpe
1.44
Excellent
Composite
54
Fair
Price Risk
Momentum
+275.8%
Volatility
45.1%
Max Drawdown
-41.6%
Key Ratios
Fiscal year 2025
1.66P/B
P/E53.99
ROE3.1%
ROA2.9%
EPS342.58
BVPS11154.00
Net Margin5.3%
Rev Growth427.1%
Profit Growth-36.5%
Div Yield0.0%
Company Overview
Issued Shares
13.7M
Charter Capital
136.5B VND
Sector (ICB L2)
Dịch vụ tài chính
Industry (ICB L3)
Dịch vụ tài chính
Sub-industry
Tài chính đặc biệt
Company Type
CT
// OWNERSHIP_NETWORK
> mapping common ownership for HVA — hover nodes for intel, click to navigate
Computed 12/04/2026