Back to Dashboard
TCI
SecuritiesCông ty Cổ phần Chứng khoán Thành Công
Dịch vụ tài chínhCK
8.900
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
10.018
Current
8.900
Gap
+12.6%
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
0.83x
x
BVPS
12.110
=
Intrinsic Value
10.018
Valuation Track Record
Retroactive intrinsic value vs actual close price — TCI
Earnings Quality
Fiscal year 2025
2
Poor
Accrual Quality
10Cash Conversion
0Margin Stability
0Revenue Quality
0Quantitative Scores
F-Score
3/9
Weak
Sharpe
-0.11
Negative
Composite
33
Weak
Price Risk
Momentum
+4.5%
Volatility
28.9%
Max Drawdown
-38.9%
Key Ratios
Fiscal year 2025
0.73P/B
P/E49.53
ROE1.6%
ROA0.8%
EPS179.70
BVPS12110.00
Net Margin5.3%
Rev Growth72.7%
Profit Growth-63.4%
Div Yield0.0%
Company Overview
Issued Shares
115.6M
Charter Capital
1156.2B 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 TCI — hover nodes for intel, click to navigate
Computed 12/04/2026