CTS.VN VietinBank Securities JSC
- Market cap
- VND 5.91T
- P/E
- 51.9x
- P/B
- 2.00x
- ROE
- 4.0%
- Dividend yield
- -
- Fundamental score
- 2.1/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is CTS.VN undervalued?
Graham numberCTS.VN trades 114.9% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
VietinBank Securities JSC fundamental analysis
7 of 18 checks passedROE 0/2
Low return on equity (4.0%), below 10%.
ROA 0/1
Return on assets (1.0%) is below the industry median (2.2%).
Profit Consistency 2/2
Profitable for 6 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (149.9%) is above the 5-year average (19.7% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (149.9%) is above the industry median (17.7%).
Revenue Growth 2/2
Revenue grew 26.7% a year over the past 3 years.
Leverage 2/2
Total assets are 4.0x equity, within a prudent level for a financial company.
Equity Growth 1/1
Shareholders' equity grew over the past 5 years.
PE vs Market 0/1
PE (53.7x) is above the market median (11.2x).
PE vs Industry 0/1
PE (53.7x) is above the industry median (14.9x).
PBV 0/1
Price to book (2.1x) is above the industry median (1.3x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 110.9, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 2.72, above 1.
Dividend Yield 0/2
No dividend paid in the last reported year.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 0/1
No dividend, or no profit to pay it from.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
VietinBank Securities JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About VietinBank Securities JSC
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 Join…
Full company profileVietinBank Securities JSC financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
VietinBank Securities JSC annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | - | - | 299B | 671B | 432B | 678B | 351B | 880B | 346B |
| Gross Profit | - | - | 192B | 491B | 286B | 491B | 150B | 582B | 160B |
| Operating Income | - | - | 227B | 631B | 118B | 331B | 84.2B | 472B | 13.3B |
| EBITDA | - | - | - | - | 287B | 544B | 548B | 1.10T | 762B |
| Net Income | - | - | 128B | 387B | 71.1B | 187B | 231B | 577B | 115B |
| EPS | - | - | 862 | 2,599 | 261 | 1,260 | 849 | 2,121 | 422 |
| Balance Sheet | |||||||||
| Total Assets | - | - | 4.27T | 6.69T | 5.04T | 8.46T | 8.70T | 12.4T | 11.3T |
| Total Liabilities | - | - | 2.84T | 4.87T | 3.18T | 6.42T | 6.45T | 9.56T | 8.46T |
| Shareholders' Equity | - | - | 1.44T | 1.81T | 1.85T | 2.04T | 2.25T | 2.86T | 2.86T |
| Cash & Short-term Investments | - | - | 21.9B | 337B | 158B | 425B | 300B | 733B | 189B |
| Cash Flow | |||||||||
| Operating Cash Flow | -235B | -35.6B | -1.27T | -1.64T | 852B | -2.90T | -182B | -1.65T | 276B |
| Capital Expenditure | 10.6B | 58.8M | 1.39B | 1.39B | 5.07B | 18.4B | 18.8B | 10.3B | 9.30B |
| Free Cash Flow | - | - | -1.27T | -1.63T | 847B | -2.91T | -201B | -1.66T | 267B |
| Ratios | |||||||||
| ROE | - | - | 8.9% | 21.3% | 3.8% | 9.2% | 10.3% | 20.2% | 4.0% |
| ROA | - | - | 3.0% | 5.8% | 1.4% | 2.2% | 2.7% | 4.7% | 1.0% |
| Net Profit Margin | - | - | 42.9% | 57.6% | 16.4% | 27.6% | 65.8% | 65.6% | 33.3% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
VietinBank Securities JSC dividends
VietinBank Securities JSC has not paid dividends in the last 8 fiscal years.
Last stock split: 128:100 on Jun 12, 2026.
Who owns VietinBank Securities JSC
- Insiders 75.64%
- Institutions 0.01%
- Public & others 24.35%
- Shares outstanding 272M
VietinBank Securities JSC company profile
- Company name
- VietinBank Securities JSC
- Ticker
- CTS.VN
- ISIN
- VN000000CTS2
- Exchange
- Vietnam Stocks
- Sector
- Financial Services
- Industry
- Capital Markets
- Employees
- 238
- Fiscal year end
- December
- Address
- No. 02-T2 Building, Floor 1 to Floor 4, Hanoi, Vietnam
- Phone
- 84 2 439 741771
- Website
- vbse.vn
About VietinBank Securities JSC
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. VietinBank Securities Joint Stock Company operates as a subsidiary of Vietnam Joint Stock Commercial Bank for Industry and Trade.
VietinBank Securities JSC management
10- Mr. Manh Duc VuCEO, Director & Member of Management Board · born 1981
- Mr. Anh Tuan NguyenDeputy CEO & Member of Management Board · born 1983
- Mr. Hiep Ngoc PhamDeputy CEO & Member of Management Board · born 1978
- Mr. Hao Anh DangDeputy CEO & Member of Management Board · born 1984
- Ms. Tai Thi Ngoc TranDeputy CEO & Member of Management Board
- Ms. Thu Thi Anh NguyenChief Accountant & Head of Financial Department · born 1984
- Ms. Linh Thi Thuy HoangDeputy Chief of the BOD
- Ms. Thi Thuy Linh NguyenHead of Internal Audit Board
- Ms. Long My Hoai Thuong LeSecretary
- Ms. Mai Thi Thanh PhamSecretary