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VIX
SecuritiesCông ty Cổ phần Chứng khoán VIX
Dịch vụ tài chínhCK
16.750
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
22.461
Current
16.750
Gap
+34.1%
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
1.60x
x
BVPS
14.010
=
Intrinsic Value
22.461
Valuation Track Record
Retroactive intrinsic value vs actual close price — VIX
Earnings Quality
Fiscal year 2025
16
Poor
Accrual Quality
13Cash Conversion
0Margin Stability
52Revenue Quality
0Quantitative Scores
F-Score
4/9
Neutral
Sharpe
0.82
Positive
Composite
46
Weak
Price Risk
Momentum
+91.3%
Volatility
50.7%
Max Drawdown
-54.1%
Key Ratios
Fiscal year 2025
1.61P/B
P/E6.38
ROE28.9%
ROA20.1%
EPS3532.66
BVPS14009.63
Net Margin65.3%
Rev Growth350.5%
Profit Growth715.6%
Div Yield0.0%
Company Overview
Issued Shares
1531.4M
Charter Capital
15314.3B 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 VIX — hover nodes for intel, click to navigate
Computed 12/04/2026