SSI.VN SSI Securities Corp
- Market cap
- VND 58.7T
- P/E
- 11.3x
- P/B
- 1.46x
- ROE
- 12.4%
- Dividend yield
- 3.54%
- Fundamental score
- 3.8/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is SSI.VN undervalued?
Graham numberSSI.VN trades 14.4% below 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?
SSI Securities Corp fundamental analysis
15 of 18 checks passedROE 1/2
Moderate return on equity (12.4%), between 10% and 20%.
ROA 1/1
Return on assets (5.2%) is above the industry median (2.2%).
Profit Consistency 2/2
Profitable for 7 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 (72.2%) is above the 5-year average (6.7% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (72.2%) is above the industry median (17.7%).
Revenue Growth 2/2
Revenue grew 18.2% a year over the past 3 years.
Leverage 2/2
Total assets are 2.4x 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 (11.3x) is above the market median (11.2x).
PE vs Industry 1/1
PE (11.3x) is below the industry median (14.9x).
PBV 0/1
Price to book (1.5x) is above the industry median (1.3x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 16.5, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 1.69, above 1.
Dividend Yield 1/2
Dividend yield (3.5%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 1/2
Dividends paid without a cut of more than 10% for 7 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 50.5%, covered by earnings.
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
SSI Securities Corp stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About SSI Securities Corp
SSI Securities Corporation provides financial products and services in Vietnam. The company offers securities products and services, including account opening, brokerage, order placing, advisory, cash transactions, securities depository, and consultancy and support for OTC transactions; distribution of open-ended fund certificates, ETFs, certificates of deposit and corporate bond; initial public offering, and coverage warrants auction house; trades in covered warrants; and f…
Full company profileSSI Securities Corp financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
SSI Securities Corp annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 2.16T | 2.60T | 4.40T | 3.80T | 4.99T | 5.12T | 6.29T | 6.36T |
| Gross Profit | 1.40T | 1.77T | 2.62T | 2.12T | 3.32T | 3.36T | 4.26T | 4.61T |
| Operating Income | 1.27T | 1.81T | 2.54T | 1.59T | 2.93T | 2.96T | 4.08T | 4.72T |
| EBITDA | 2.02T | 2.49T | 4.50T | 3.30T | 4.58T | 5.16T | 7.74T | 9.38T |
| Net Income | 909B | 1.26T | 2.70T | 1.70T | 2.13T | 2.70T | 4.11T | 5.02T |
| EPS | 958 | 1,303 | 2,579 | 1,141 | 1,424 | 1,046 | 1,802 | 1,672 |
| Balance Sheet | ||||||||
| Total Assets | 27.0T | 35.8T | 50.8T | 52.2T | 69.2T | 73.5T | 94.0T | 96.5T |
| Total Liabilities | 17.6T | 25.9T | 36.6T | 29.8T | 46.0T | 46.7T | 62.0T | 55.7T |
| Shareholders' Equity | 9.34T | 9.81T | 14.2T | 22.2T | 23.1T | 26.7T | 31.9T | 40.6T |
| Cash & Short-term Investments | 1.04T | 363B | 1.11T | 1.42T | 494B | 239B | 3.65T | 532B |
| Cash Flow | ||||||||
| Operating Cash Flow | 3.05T | -12.3T | -10.4T | -7.15T | -7.98T | -4.26T | -10.4T | -7.70T |
| Capital Expenditure | 66.7B | 59.0B | 165B | 180B | 122B | 437B | 148B | 190B |
| Free Cash Flow | 2.98T | -12.3T | -10.6T | -7.33T | -8.10T | -4.70T | -10.6T | -7.89T |
| Ratios | ||||||||
| ROE | 9.7% | 12.8% | 19.0% | 7.6% | 9.2% | 10.1% | 12.9% | 12.4% |
| ROA | 3.4% | 3.5% | 5.3% | 3.3% | 3.1% | 3.7% | 4.4% | 5.2% |
| Net Profit Margin | 42.1% | 48.3% | 61.2% | 44.7% | 42.8% | 52.8% | 65.3% | 78.9% |
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.
SSI Securities Corp dividends
- Dividend yield
- 3.54%
- Forward dividend
- 1,000.00 VND
- Payout ratio
- 50.5%
- Ex-dividend date
- Aug 17, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 2.08T | 911 | 50.5% |
| 2024 | VND 1.51T | 583 | 55.7% |
| 2023 | VND 1.50T | 998 | 70.1% |
| 2022 | VND 991B | 666 | 58.3% |
| 2021 | VND 647B | 619 | 24.0% |
| 2020 | VND 599B | 621 | 47.6% |
| 2019 | VND 507B | 534 | 55.7% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 6:5 on Aug 17, 2026.
Who owns SSI Securities Corp
- Insiders 27.14%
- Institutions 9.77%
- Public & others 63.10%
- Shares outstanding 3.00B
- Free float 2.43B
SSI Securities Corp company profile
- Company name
- SSI Securities Corp
- Ticker
- SSI.VN
- ISIN
- VN000000SSI1
- Exchange
- Vietnam Stocks
- Sector
- Financial Services
- Industry
- Capital Markets
- Employees
- 1,520
- Fiscal year end
- December
- Address
- 72 Nguyen Hue Boulevard, Ho Chi Minh City, Vietnam
- Phone
- 84 28 3824 2897
- Website
- ssi.com.vn
About SSI Securities Corp
SSI Securities Corporation provides financial products and services in Vietnam. The company offers securities products and services, including account opening, brokerage, order placing, advisory, cash transactions, securities depository, and consultancy and support for OTC transactions; distribution of open-ended fund certificates, ETFs, certificates of deposit and corporate bond; initial public offering, and coverage warrants auction house; trades in covered warrants; and financial, e-trading, research and investment, and wealth management services for individual clients. It also engages in investing in equity, bond, fund certificate, and derivative; treasury services; and investment banking activities comprising corporate financing, merger and acquisitions, and advisory for capital raising in domestic and international markets. In addition, the company provides asset management services, including fund and portfolio management, and investment advisory services. The company was incorporated in 1999 and is headquartered in Ho Chi Minh City, Vietnam.
SSI Securities Corp management
6- Mr. Thong Duc NguyenCEO & Member of Management Board
- Ms. Ha Thi Thanh NguyenChief Financial Officer
- Ms. Huong Vu Thuy NguyenSenior Managing Director of Treasury & Principal Investment
- Mr. Hue Cam TuChief Accountant · born 1993
- Mr. Ta Thai BinhDirector & Head of Corporate Finance
- Mr. Hai Khac NguyenManaging Director of Legal & Compliance