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IVS
SecuritiesCông ty Cổ phần Chứng khoán Guotai Junan (Việt Nam)
Dịch vụ tài chínhCK
7.100
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
10.025
Current
7.100
Gap
+41.2%
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
0.90x
x
BVPS
11.197
=
Intrinsic Value
10.025
Valuation Track Record
Retroactive intrinsic value vs actual close price — IVS
Earnings Quality
Fiscal year 2025
7
Poor
Accrual Quality
10Cash Conversion
0Margin Stability
20Revenue Quality
0Quantitative Scores
F-Score
1/9
Weak
Sharpe
-0.90
Negative
Composite
25
Poor
Price Risk
Momentum
-24.4%
Volatility
31.3%
Max Drawdown
-30.2%
Key Ratios
Fiscal year 2025
0.72P/B
P/E65.07
ROE1.3%
ROA1.1%
EPS124.49
BVPS11196.80
Net Margin12.2%
Rev Growth43.1%
Profit Growth-23.7%
Div Yield0.0%
Company Overview
Issued Shares
104.9M
Charter Capital
1049.2B 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 IVS — hover nodes for intel, click to navigate
Computed 12/04/2026