Ho Chi Minh City Securities Corporation (HCM) Fair Value & Analysis
Financial Services · VN · Market cap 30.1T VND
Fair value as of: Jun 26, 2026
From 12 valuation models · updated 3 days ago
Share price −1.8% over the past month.
Price vs Fair Value (12 months)
12‑month range 19,100 VND – 30,000 VND · fair‑value band 13,915 VND – 23,191 VND · the 26,950 VND price screens above the 18,553 VND fair value. As of Jun 26, 2026.
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Ho Chi Minh City Securities Corporation (HCM) currently trades at 26,950 VND, while our model-based Fair Value estimate is 18,553 VND — implying the stock looks roughly 31.2% 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: medium).
Over the trailing twelve months, Ho Chi Minh City Securities Corporation generated revenue of 3.8T VND at a net margin of 32.6%. Revenue grew 35.1% year over year. It earns a return on equity of 10.1%. Net debt stands at 27.5T VND. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Ho Chi Minh City Securities Corporation provides securities brokerage services to individual, institutional, and corporate clients in Vietnam. It operates through Brokerage and Services, Proprietary Trading, Lending, and Consultancy segments. The company offers securities services, including opening trading accounts, advisory and account management, cash transactions, securities depository, shareholder book management, managed accounts, IPO auction agency, and corporate bond distribution; and financial services consisting of margin loans and lending, cash advances, government bond brokerage and auctions, and short-term funding for buying government bonds. It also provides investment banking comprising corporate finance advisory and consultancy, such as financial restructuring and listing and initial public offering (IPO) advisory; merger and acquisition (M&A) advisory, including buy-side, sell-side, and strategic investment advisory services; and capital raising in domestic and inte…
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ho Chi Minh City Securities Corporation reported revenue of 1.3T VND in FY2025 versus 2.1T VND in FY2021, a compound −11.7%/yr. Reported net income was 1.2T VND in FY2025, compounding +0.7%/yr from FY2021.
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|---|---|---|---|
| Huatai Securities Co HTSC | $0.2700 | $0.0500 | -81% |
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.