Back to Dashboard
VNR
InsuranceTổng Công ty Cổ phần Tái bảo hiểm Quốc gia Việt Nam
Bảo hiểm/Bảo hiểm phi nhân thọBH
20.800
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
24.357
Current
20.800
Gap
+17.1%
ModelPB EMBEDDED VALUE
Valuation Breakdown
BH→Insurance
Classified as insurance because company type is BH (insurance company)
ModelPeer-Relative P/B
Intrinsic Value = Peer P/B x (Target ROE / Peer ROE) x BVPSInsurance companies hold long-duration liabilities (future claims) whose true economic value isn't fully captured by accounting book value. This model benchmarks the insurer against peers: it takes the median P/B of comparable insurers and adjusts it based on how the target's profitability (ROE) compares to the peer group. A more profitable insurer deserves a premium; a less profitable one, a discount.
1
Model Inputs
Avg ROE (3yr)→11.14%
2
Valuation
Fair P/B
1.18x
x
BVPS
20.706
=
Intrinsic Value
24.357
Valuation Track Record
Retroactive intrinsic value vs actual close price — VNR
Earnings Quality
Fiscal year 2025
70
Good
Accrual Quality
93Cash Conversion
34Margin Stability
80Revenue Quality
85Quantitative Scores
F-Score
5/9
Neutral
Sharpe
-0.52
Negative
Composite
60
Fair
Price Risk
Momentum
+1.3%
Volatility
19.2%
Max Drawdown
-18.1%
Key Ratios
Fiscal year 2025
1.03P/B
P/E9.78
ROE10.9%
ROA4.8%
EPS2188.73
BVPS20705.52
Net Margin22.7%
Rev Growth17.6%
Profit Growth8.4%
Div Yield0.0%
Company Overview
Issued Shares
200.6M
Charter Capital
2006.3B VND
Sector (ICB L2)
Bảo hiểm
Industry (ICB L3)
Bảo hiểm phi nhân thọ
Sub-industry
Tái bảo hiểm
Company Type
BH
// OWNERSHIP_NETWORK
> mapping common ownership for VNR — hover nodes for intel, click to navigate
Computed 12/04/2026