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ORS
SecuritiesCông ty Cổ phần Chứng khoán Tiên Phong
Dịch vụ tài chínhCK
13.150
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
14.391
Current
13.150
Gap
+9.4%
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
1.18x
x
BVPS
12.242
=
Intrinsic Value
14.391
Valuation Track Record
Retroactive intrinsic value vs actual close price — ORS
Earnings Quality
Fiscal year 2025
49
Weak
Accrual Quality
66Cash Conversion
100Margin Stability
13Revenue Quality
11Quantitative Scores
F-Score
4/9
Neutral
Sharpe
-0.30
Negative
Composite
38
Weak
Price Risk
Momentum
-11.0%
Volatility
38.5%
Max Drawdown
-54.5%
Key Ratios
Fiscal year 2025
1.09P/B
P/E70.03
ROE2.1%
ROA0.9%
EPS189.92
BVPS12241.84
Net Margin8.0%
Rev Growth-28.5%
Profit Growth-68.7%
Div Yield0.0%
Company Overview
Issued Shares
623.9M
Charter Capital
6239.3B 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 ORS — hover nodes for intel, click to navigate
Computed 12/04/2026