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FPT Securities Joint Stock Company (FTS) Fair Value & Analysis

Financial Services · VN · Market cap 8.8T VND

FS FPT Securities Joint Stock Company FTS · VN
Price26,750 VND
Fair Value17,696 VND
Upside-33.8%
Quality95/100
Evidence: High Range 13,272 VND – 22,120 VND

Fair value as of: Jun 26, 2026

From 16 valuation models · updated 3 days ago

Share price +9.8% over the past month.

Price vs Fair Value (12 months)

39,852 VND 21,643 VND Fair Value 17,696 VND Jun 2025 Jun 2026

12‑month range 21,643 VND – 39,852 VND · fair‑value band 13,272 VND – 22,120 VND · the 26,750 VND price screens above the 17,696 VND fair value. As of Jun 26, 2026.

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Analysis

FPT Securities Joint Stock Company (FTS) currently trades at 26,750 VND, while our model-based Fair Value estimate is 17,696 VND — implying the stock looks roughly 33.8% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services 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, FPT Securities Joint Stock Company generated revenue of 1.3T VND at a net margin of 31.7%. Revenue grew 21.3% year over year. It earns a return on equity of 9.2%. Net debt stands at 7.2T VND. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 1.3T VND
Revenue growth (YoY) +21.3%
Net margin 31.7%
Return on equity 9.2%
Free cash flow −882B VND FY2025
P/E ratio 21.7
More key figures
Operating margin 48.2%
EPS (TTM) 1,062 VND
EPS growth (YoY) +1.5%
Net debt 7.2T VND FY2025

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

About the company

FPT Securities Joint Stock Company, a financial institution, engages in the securities brokerage, trading, investment advisory, custody, and underwriting primarily in Vietnam. The company offers securities trading, such as stock, bond, derivatives, ETF, covered warrant trading, and securities custody; cash deposit, transfer, withdrawal, margin trading, and cash advance; as well as search advisors, and advisory reports. It also provides investment banking services, including corporate restructuring, securities offering/issuance, business valuation, divestment, and auction advisory; information disclosure advisory and EzIR solution, shareholder meeting advisory and EzGSM solution, annual report advisory, sustainability report advisory, dividend policy advisory, and shareholding management advisory and EzLink solutions; corporate governance reporting advisory, company charter advisory and corporate governance regulations; and business planning, financial forecast, due diligence advisor…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FPT Securities Joint Stock Company reported revenue of 475B VND in FY2025 versus 697B VND in FY2021, a compound −9.1%/yr. Reported net income was 397B VND in FY2025, compounding −17.2%/yr from FY2021.

Revenue −9.1%/yr
FY21 697B VND
FY22 494B VND
FY23 377B VND
FY24 356B VND
FY25 475B VND
Net income −17.2%/yr
FY21 846B VND
FY22 318B VND
FY23 445B VND
FY24 567B VND
FY25 397B VND

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Similar stocks

6 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
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Morgan Stanley, a financial holding company, MS $221.04 $99.08 -55%
The Goldman Sachs Group GS $1,093 $241.15 -78%
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Frequently asked questions

Is FPT Securities Joint Stock Company (FTS) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 17,696 VND versus a price of 26,750 VND — about −34% (overvalued). Model-based estimate, not financial advice.
What is the fair value of FTS?
Our 21-model fair value for FPT Securities Joint Stock Company is 17,696 VND (as of Jun 26, 2026), built from audited fundamentals. The current price is 26,750 VND.
What is the quality score of FTS?
FPT 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 FPT Securities Joint Stock Company (FTS)?
FPT Securities Joint Stock Company reported trailing-twelve-month revenue of about 1.3T VND (latest available figure, as of Jun 26, 2026).
What is the net profit margin of FTS?
The net profit margin of FPT Securities Joint Stock Company is about 31.7%, meaning it keeps roughly 31.7% 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.