Classified as bank because company type is NH (commercial bank)
ModelP/B x ROE Regression
Intrinsic Value = Fair P/B x Book Value Per Share
Estimates fair value by finding the statistical relationship between how much investors pay for a bank's book value (P/B) and how efficiently it generates returns (ROE). A bank that earns more on its equity deserves a higher price-to-book multiple. We regress P/B against ROE, NIM, and cost efficiency across all listed Vietnamese banks to find where this bank should trade.
1
Model Inputs
Avg ROE→18.30%
Regression type→huber_multifactor
R²→0.6592
2
Valuation
Fair P/B
1.99x
x
BVPS
31.756
=
Intrinsic Value
63.325
Valuation Track Record
Retroactive intrinsic value vs actual close price — STB
Earnings Quality
Fiscal year 2025
58
Fair
Accrual QualityLow accruals vs reported earnings
75
Cash ConversionOperating cash flow vs net income
100
Margin StabilityConsistency of profit margins
51
Revenue QualityConsistency of revenue growth
0
Quantitative Scores
F-Score
3/9
Weak
Sharpe
1.05
Excellent
Composite
65
Fair
Price Risk
Momentum
+69.7%
Volatility
42.6%
Max Drawdown
-24.6%
Key Ratios
Fiscal year 2025
1.89P/B
P/E19.01
ROE10.3%
ROA0.7%
EPS3150.36
BVPS31755.91
Net Margin22.3%
Rev Growth15.0%
Profit Growth-41.1%
Div Yield0.0%
Company Overview
Issued Shares
1885.2M
Charter Capital
18852.2B VND
Sector (ICB L2)
Ngân hàng
Industry (ICB L3)
Ngân hàng
Sub-industry
Ngân hàng
Company Type
NH
// OWNERSHIP_NETWORK
> mapping common ownership for STB — hover nodes for intel, click to navigate
Shareholders
PYN Elite Fund
Inst
4.9%
91.7 trieu
Trầm Trọng Ngân
Indiv
4.7%
89.2 trieu
Dương Công Minh
Indiv
3.3%
62.6 trieu
Công ty Cổ Phần Đầu Tư Sài Gòn Exim
Inst
2.6%
47.4 trieu
Công ty Cổ phần Đầu tư Tài chính Sài Gòn Á Châu
Inst
2.3%
28.4 trieu
CTBC Vietnam Equity Fund
Inst
2.3%
43.0 trieu
Công ty Tài Chính Quốc Tế
Inst
2.2%
26.9 trieu
Trầm Khải Hòa
Indiv
1.8%
33.3 trieu
Dragon Finance Corporation
Inst
1.5%
18.3 trieu
SCB Vietnam Alpha Fund Not For Retail Investors
Inst
1.5%
27.8 trieu
Trầm Bê
Indiv
1.5%
27.7 trieu
Trầm Thuyết Kiều
Indiv
1.4%
27.0 trieu
Huỳnh Quế Hà
Indiv
1.3%
14.8 trieu
Phan Huy Khang
Indiv
1.2%
22.5 trieu
tianhong vietnamese market equity launched qdii fund
Inst
1.2%
22.2 trieu
Norges Bank
Inst
1.2%
22.1 trieu
amersham industries limited
Inst
1.0%
19.1 trieu
VanEck Vietnam ETF
Inst
1.0%
17.9 trieu
DC Developing Markets Strategies Public Limited Company
Inst
0.7%
13.2 trieu
Dragon Capital
Inst
0.7%
8.3 trieu
Hanoi Investments Holdings Limited
Inst
0.6%
12.0 trieu
Dương Thị Liêm
Indiv
0.6%
11.9 trieu
Công ty TNHH Đầu tư Kinh Đô
Inst
0.6%
7.0 trieu
Dương Hoàng Quỳnh Như
Indiv
0.5%
9.7 trieu
Công ty Cổ Phần Khai Thác Và Quản Lý Khu Công Nghiệp Đặng Huỳnh
Inst
0.5%
6.2 trieu
Vietnam Enterprise Investments Limited
Inst
0.4%
8.1 trieu
Công ty Cổ phần Đầu Tư Kiến Trúc Xây Dựng Toàn Thịnh Phát
