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VDS
SecuritiesCông ty Cổ phần Chứng khoán Rồng Việt
Dịch vụ tài chínhCK
14.400
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
19.691
Current
14.400
Gap
+36.7%
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
1.77x
x
BVPS
11.146
=
Intrinsic Value
19.691
Valuation Track Record
Retroactive intrinsic value vs actual close price — VDS
Earnings Quality
Fiscal year 2025
28
Poor
Accrual Quality
63Cash Conversion
0Margin Stability
60Revenue Quality
0Quantitative Scores
F-Score
3/9
Weak
Sharpe
0.01
Positive
Composite
40
Weak
Price Risk
Momentum
+1.4%
Volatility
37.1%
Max Drawdown
-36.3%
Key Ratios
Fiscal year 2025
1.61P/B
P/E17.24
ROE9.8%
ROA3.9%
EPS1040.90
BVPS11145.53
Net Margin27.2%
Rev Growth5.5%
Profit Growth-2.3%
Div Yield0.0%
Company Overview
Issued Shares
272.0M
Charter Capital
2720.0B 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 VDS — hover nodes for intel, click to navigate
Computed 12/04/2026