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VPX
SecuritiesCông ty Cổ phần Chứng khoán VPBank
Dịch vụ tài chínhCK
29.500
VND · Last close
Valuation Verdict
Fairly Valued
-120%Fair Value+120%
Intrinsic Value
28.438
Current
29.500
Gap
-3.6%
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→2
2
Valuation
Fair P/B
1.58x
x
BVPS
18.043
=
Intrinsic Value
28.438
Valuation Track Record
Retroactive intrinsic value vs actual close price — VPX
Earnings Quality
Fiscal year 2025
31
Weak
Accrual Quality
0Cash Conversion
0Margin Stability
89Revenue Quality
37Quantitative Scores
F-Score
4/9
Neutral
Key Ratios
Fiscal year 2025
1.66P/B
P/E15.73
ROE13.9%
ROA7.2%
EPS1903.53
BVPS18043.22
Net Margin45.1%
Rev Growth218.6%
Profit Growth265.8%
Div Yield0.0%
Company Overview
Issued Shares
1875.0M
Charter Capital
18750.0B 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 VPX — hover nodes for intel, click to navigate
Computed 12/04/2026