STK

Consumer

Công ty Cổ phần Sợi Thế Kỷ

Hàng cá nhân & Gia dụng/Hàng cá nhânCT

14.500

VND · Last close

Valuation Verdict

Overvalued

Very Low

-120%Fair Value+120%

Intrinsic Value

6.269

Current

14.500

Gap

-56.8%

ModelFCF DCF

Valuation Breakdown

CT→Hàng cá nhân & Gia dụng→Consumer

Classified as consumer because ICB sector "Hàng cá nhân & Gia dụng" maps to the consumer group

ModelFCF-Based DCF

Value = Sum of [FCF / (1+WACC)^t] + Terminal Value / (1+WACC)^n

A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.

Distressed Valuation

Negative Intrinsic Value

BVPS

12.538

Discount

50%

Floor Value

12.538

Valuation Track Record

Retroactive intrinsic value vs actual close price — STK

Earnings Quality

Fiscal year 2025

Weak

Accrual QualityLow accruals vs reported earnings

Cash ConversionOperating cash flow vs net income

ReceivablesDSO trend vs revenue growth

100

Margin StabilityConsistency of profit margins

Revenue QualityConsistency of revenue growth

Financial Forensics

Beneish M-Score · 2025

-2.42

Moderate

DSRI

0.752

GMI

0.673

AQI

0.746

SGI

1.118

DEPI

1.652

SGAI

0.911

TATA

0.082

LVGI

1.046

The Beneish M-Score of -2.4189 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality score of 36.8/100, particularly the cash conversion score of 0.0/100, raises concerns about the sustainability of earnings.

Red Flags

Earnings Quality Score of 36.8/100 indicates poor earnings quality, particularly with a cash conversion score of 0.0/100 suggesting significant issues in converting earnings to cash.
The SGI of 1.1179 indicates growth that may not be supported by underlying cash flows, which can be a red flag in the context of Vietnamese market dynamics.

Positive Signals

Beneish M-Score of -2.4189 suggests a low likelihood of earnings manipulation, which is a positive signal for investors.
High receivables score of 100.0/100 indicates effective management of receivables, which can be a strength in cash flow management.

Ownership Risk

The ownership structure shows significant concentration with the top three shareholders holding over 56% of the company, which may lead to governance risks and potential conflicts of interest.

Recommendation

Investors should closely monitor cash flow performance and earnings sustainability given the low cash conversion score. Consider a cautious approach to investment until clearer signals of operational efficiency emerge.

Generated by AI based on quantitative data. Not financial advice.

Quantitative Scores

F-Score

5/9

Neutral

Z-Score

1.03

Distress Zone

Sharpe

-0.92

Negative

Composite

Poor

Price Risk

Momentum

-13.1%

Volatility

25.4%

Max Drawdown

-26.9%

Key Ratios

Fiscal year 2025

45.12P/E

P/B1.27

P/S1.65

ROE2.9%

ROA1.2%

EPS353.47

BVPS12538.19

Gross Margin20.1%

Net Margin3.7%

D/E1.37

Current Ratio0.97

Rev Growth11.9%

Profit Growth299.4%

EV/EBITDA13.87

Div Yield0.0%

Company Overview

Issued Shares

140.1M

Charter Capital

1401.2B VND

Sector (ICB L2)

Hàng cá nhân & Gia dụng

Industry (ICB L3)

Hàng cá nhân

Sub-industry

Hàng May mặc

Company Type

// OWNERSHIP_NETWORK

> mapping common ownership for STK — hover nodes for intel, click to navigate

Shareholders

Đặng Mỹ Linh

Indiv

21.6%

30.3 trieu

Công ty Cổ phần Tư vấn Đầu tư Hướng Việt

Inst

20.2%

28.3 trieu

Đặng Triệu Hòa

Indiv

14.6%

20.4 trieu

Tăng Kiến Nghiệp

Indiv

5.5%

3.9 trieu

Vietnam Holding Ltd

Inst

4.4%

3.0 trieu

Công ty Cổ phần Tập đoàn Thái Tuấn

Inst

0.8%

455.769

Công ty Cổ Phần Thực Phẩm Xanh

Inst

0.7%

995.088

Phan Như Bích

Indiv

0.1%

162.400

Board & Management

Đặng Mỹ Linh21.6%

Chủ tịch Hội đồng Quản trị

Đặng Triệu Hòa14.6%

Phó Chủ tịch Hội đồng Quản trị/Tổng Giám đốc

Phan Như Bích0.1%

Giám đốc Tài chính/Kế toán trưởng

Nguyễn Phương Chi

Người phụ trách quản trị công ty/Phụ trách Công bố thông tin

Đinh Ngọc Hoa

Thành viên Ban kiểm soát

Hoàng Nữ Mộng Tuyền

Thành viên Ban kiểm soát

Chen Che Jen

Thành viên Hội đồng Quản trị

Cao Thị Quế Anh

Thành viên Hội đồng Quản trị

Đặng Hướng Cường

Thành viên Hội đồng Quản trị

Nguyễn Quốc Hương

Thành viên Hội đồng Quản trị

Võ Quang Long

Thành viên Hội đồng Quản trị

Nguyễn Tự Lực

Trưởng Ban kiểm soát

Top connections

THS79.0%HAG20.2%NLG20.2%DBC6.2%QST5.5%VC75.5%GDT5.0%PVT5.0%DRC4.9%BMP4.9%VSC4.9%TMS4.8%

Computed 12/04/2026