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VietinBank Securities Joint Stock Company (CTS) Fair Value & Analysis

Financial Services · VN · Market cap 5.8T VND

VS VietinBank Securities Joint Stock Company CTS · VN
Price25,400 VND
Fair Value40,275 VND
Upside+58.6%
Quality95/100
Evidence: High Range 30,207 VND – 50,344 VND

Fair value as of: Jun 26, 2026

From 17 valuation models · updated 3 days ago

Share price −7.9% over the past month.

Price vs Fair Value (12 months)

45,346 VND 21,540 VND Fair Value 40,275 VND Jun 2025 Jun 2026

12‑month range 21,540 VND – 45,346 VND · fair‑value band 30,207 VND – 50,344 VND · the 25,400 VND price screens below the 40,275 VND fair value. As of Jun 26, 2026.

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Analysis

VietinBank Securities Joint Stock Company (CTS) currently trades at 25,400 VND, while our model-based Fair Value estimate is 40,275 VND — implying the stock looks roughly 58.6% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, VietinBank Securities Joint Stock Company generated revenue of 1.7T VND at a net margin of 34.1%. Revenue grew 188.5% year over year. It earns a return on equity of 22.6%. Net debt stands at 7.7T VND. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 1.7T VND
Revenue growth (YoY) +189%
Net margin 34.1%
Return on equity 22.6%
Free cash flow −1.7T VND FY2025
P/E ratio 11.7
More key figures
Operating margin 74.4%
EPS (TTM) 2,314 VND
EPS growth (YoY) +172%
Net debt 7.7T VND FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

VietinBank Securities Joint Stock Company operates as a securities company in Vietnam. The company provides securities brokerage, proprietary trading, securities investment advisory services, financial consulting, underwriting securities, securities depository, and other services. It serves institutional, corporate, and individual customers. The company was formerly known as Vietnam Bank for Industry and Trade Securities JSC and changed its name to VietinBank Securities Joint Stock Company in January 2026. The company was founded in 2000 and is headquartered in Hanoi, Vietnam. Vietnam Bank for Industry and Trade Securities JSC operates as a subsidiary of Vietnam Joint Stock Commercial Bank for Industry and Trade.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

VietinBank Securities Joint Stock Company reported revenue of 879B VND in FY2025 versus 671B VND in FY2021, a compound +7.0%/yr. Reported net income was 577B VND in FY2025, compounding +10.6%/yr from FY2021.

Revenue +7.0%/yr
FY21 671B VND
FY22 431B VND
FY23 677B VND
FY24 350B VND
FY25 879B VND
Net income +10.6%/yr
FY21 387B VND
FY22 71.1B VND
FY23 187B VND
FY24 231B VND
FY25 577B VND

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The Goldman Sachs Group GS $1,001 $283.83 -72%
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Frequently asked questions

Is VietinBank Securities Joint Stock Company (CTS) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 40,275 VND versus a price of 25,400 VND — about +59% (undervalued). Model-based estimate, not financial advice.
What is the fair value of CTS?
Our 21-model fair value for VietinBank Securities Joint Stock Company is 40,275 VND (as of Jun 26, 2026), built from audited fundamentals. The current price is 25,400 VND.
What is the quality score of CTS?
VietinBank Securities Joint Stock Company has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of VietinBank Securities Joint Stock Company (CTS)?
VietinBank Securities Joint Stock Company reported trailing-twelve-month revenue of about 1.7T VND (latest available figure, as of Jun 26, 2026).
What is the net profit margin of CTS?
The net profit margin of VietinBank Securities Joint Stock Company is about 34.1%, meaning it keeps roughly 34.1% of revenue as net income. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.