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SHS
SecuritiesCông ty Cổ phần Chứng khoán Sài Gòn - Hà Nội
Dịch vụ tài chínhCK
17.100
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
18.638
Current
17.100
Gap
+9.0%
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
1.33x
x
BVPS
14.011
=
Intrinsic Value
18.638
Valuation Track Record
Retroactive intrinsic value vs actual close price — SHS
Earnings Quality
Fiscal year 2025
23
Poor
Accrual Quality
17Cash Conversion
0Margin Stability
74Revenue Quality
3Quantitative Scores
F-Score
2/9
Weak
Sharpe
0.80
Positive
Composite
48
Weak
Price Risk
Momentum
+70.7%
Volatility
47.9%
Max Drawdown
-39.7%
Key Ratios
Fiscal year 2025
1.22P/B
P/E11.45
ROE11.3%
ROA7.2%
EPS1493.31
BVPS14010.88
Net Margin36.6%
Rev Growth84.2%
Profit Growth32.3%
Div Yield0.0%
Company Overview
Issued Shares
899.5M
Charter Capital
8994.6B 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 SHS — hover nodes for intel, click to navigate
Computed 12/04/2026