The Southern Rubber Industry Joint Stock Company (CSM) Fair Value & Analysis
Consumer Cyclical · VN · Market cap 1.5T VND
Fair value as of: Jul 13, 2026
From 22 valuation models · updated 28 days ago
Fair value updated Jul 13, 2026, revised from 8,213 VND to 9,783 VND (+19.1%) since Jun 24, 2026. Share price +1.7% over the past month.
A solid business, but screening 33% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (12,229 VND). The favourable scenario is already priced in.
- Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.
How to read this chart
60‑month range 9,782 VND – 20,101 VND · fair‑value band 7,017 VND – 12,229 VND · the 14,600 VND price screens above the 9,783 VND fair value. Dashed = 300-day average. As of Jul 13, 2026.
Analysis
The Southern Rubber Industry Joint Stock Company (CSM) currently trades at 14,600 VND, while our model-based Fair Value estimate is 9,783 VND, implying the stock looks roughly 33.0% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, The Southern Rubber Industry Joint Stock Company generated revenue of 4.2T VND at a net margin of 1.2%. Revenue grew 8.2% year over year. It earns a return on equity of 3.6%. Net debt stands at 1.4T VND. Fundamentals as of Jul 13, 2026
Our scenario range runs from 7,017 VND (bear case) to 12,229 VND (bull case); at 14,600 VND, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -33%, CSM screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 22 models by family
Widest divergence: DCF Models (32,546 VND) versus Earnings-Based (3,413 VND). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 63
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
The Southern Rubber Industry Joint Stock Company engages in the manufacture and trading of industrial and commercial rubber products in South East Asia and internationally.
Full company description
The Southern Rubber Industry Joint Stock Company engages in the manufacture and trading of industrial and commercial rubber products in South East Asia and internationally. The company offers bicycle, motorcycle, truck, e-vehicle, and specific tires and tubes; passenger car radial tires; and ADVENZA PCR tires, as well as retread tires, gloves, and technical tires. It is also involved in the trading, export, and import of raw materials, chemicals, and rubber industrial equipment; trading of real estate; and the provision of business services. The company was founded in 1976 and is headquartered in Ho Chi Minh City, Vietnam.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
The Southern Rubber Industry Joint Stock Company reported revenue of 4.1T VND in FY2025 versus 4.8T VND in FY2021, a compound −3.8%/yr. Reported net income was 42.6B VND in FY2025, compounding +0.3%/yr from FY2021.
CSM screens 33% overvalued. Compare with Hyundai Mobis Co →
Peer Group
Auto Parts · 642 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Auto Parts median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hyundai Mobis Co 012330 | 482,000 KRW | 678,420 KRW | +41% |
| Magna International Inc MGAN | 1,122 MXN | 1,172 MXN | +4% |
| Samvardhana Motherson International Limited MOTHERSON | ₹144.17 | ₹80.63 | -44% |
| Bosch Limited BOSCHLTD | ₹41,110 | ₹14,004 | -66% |
| Bharat Forge Limited BHARATFORG | ₹2,117 | ₹441.74 | -79% |
| Uno Minda Limited UNOMINDA | ₹1,158 | ₹426.57 | -63% |
| Schaeffler India Limited SCHAEFFLER | ₹4,135 | ₹1,412 | -66% |
| Hankook Tire & Technology Co 161390 | 73,600 KRW | 196,479 KRW | +167% |
| MRF Limited MRF | ₹131,025 | ₹125,849 | -4% |
| Sona BLW Precision Forgings Limited SONACOMS | ₹792.00 | ₹207.06 | -74% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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