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VIG
SecuritiesCông ty Cổ phần Chứng khoán Đầu tư Tài chính Việt Nam
Dịch vụ tài chínhCK
4.800
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
6.722
Current
4.800
Gap
+40.0%
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
0.85x
x
BVPS
7.915
=
Intrinsic Value
6.722
Valuation Track Record
Retroactive intrinsic value vs actual close price — VIG
Earnings Quality
Fiscal year 2025
13
Poor
Accrual Quality
63Cash Conversion
0Margin Stability
0Revenue Quality
0Quantitative Scores
F-Score
2/9
Weak
Sharpe
-1.11
Negative
Composite
24
Poor
Price Risk
Momentum
-26.7%
Volatility
32.7%
Max Drawdown
-44.4%
Key Ratios
Fiscal year 2025
0.69P/B
P/E599.53
ROE0.1%
ROA0.1%
EPS9.17
BVPS7914.79
Net Margin1.1%
Rev Growth-10.1%
Profit Growth-98.0%
Div Yield0.0%
Company Overview
Issued Shares
45.1M
Charter Capital
451.3B 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 VIG — hover nodes for intel, click to navigate
Computed 12/04/2026