VND.VN VNDIRECT Securities Corp
- Market cap
- VND 20.6T
- P/E
- 9.7x
- P/B
- 0.94x
- ROE
- 10.8%
- Dividend yield
- 3.70%
- Fundamental score
- 3.3/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is VND.VN undervalued?
Graham numberVND.VN trades 36.3% 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?
VNDIRECT Securities Corp fundamental analysis
14 of 18 checks passedROE 1/2
Moderate return on equity (10.8%), between 10% and 20%.
ROA 1/1
Return on assets (5.1%) is above the industry median (2.2%).
Profit Consistency 2/2
Profitable for 7 consecutive years.
Earnings Growth 5Y 0/1
Earnings per share did not grow over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (17.7%) is above the 5-year average (-8.6% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (17.7%) is below the industry median (17.7%).
Revenue Growth 1/2
Revenue grew 4.8% a year over the past 3 years.
Leverage 2/2
Total assets are 2.1x equity, within a prudent level for a financial company.
Equity Growth 1/1
Shareholders' equity grew over the past 5 years.
PE vs Market 1/1
PE (9.7x) is below the market median (11.2x).
PE vs Industry 1/1
PE (9.7x) is below the industry median (14.9x).
PBV 1/1
Price to book (0.9x) is below the industry median (1.3x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 9.1, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 1/2
Dividend yield (3.7%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 37.6%, 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
VNDIRECT Securities Corp stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About VNDIRECT Securities Corp
VNDIRECT Securities Joint Stock Company provides various investment products in Vietnam. The company offers investment services, including asset management and investment advisory, and securities trading and brokerage services, as well as margin products; and asset portfolio products comprising DSAVE for defense assets, DINVEST for life-long assets, and DTRADE for stock investment. It also provides investment institutions services, such as securities, market creation, invest…
Full company profileVNDIRECT Securities Corp 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.
VNDIRECT 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 | 989B | 1.29T | 2.89T | 3.22T | 3.71T | 2.90T | 3.70T | 3.25T |
| Gross Profit | 611B | 839B | 1.58T | 1.94T | 2.83T | 2.23T | 2.80T | 2.60T |
| Operating Income | 482B | 871B | 2.25T | 1.04T | 2.72T | 1.50T | 2.13T | 2.83T |
| EBITDA | 937B | 1.25T | 3.42T | 2.52T | 3.97T | 2.82T | 3.69T | 4.40T |
| Net Income | 383B | 693B | 2.38T | 1.22T | 2.02T | 1.72T | 2.02T | 2.34T |
| EPS | 1,148 | 2,079 | 1,729 | 1,002 | 1,447 | 1,129 | 1,328 | 1,539 |
| Balance Sheet | ||||||||
| Total Assets | 11.6T | 15.0T | 37.1T | 38.9T | 41.7T | 44.3T | 51.6T | 45.6T |
| Total Liabilities | 8.33T | 11.2T | 27.3T | 24.4T | 25.2T | 24.6T | 30.7T | 23.9T |
| Shareholders' Equity | 3.25T | 3.82T | 9.82T | 14.5T | 16.5T | 19.7T | 20.9T | 21.8T |
| Cash & Short-term Investments | 614B | 974B | 2.70T | 2.56T | 4.86T | 881B | 1.62T | 1.19T |
| Cash Flow | ||||||||
| Operating Cash Flow | -497B | -2.11T | -13.4T | -3.06T | -4.31T | -7.11T | -4.44T | 9.41T |
| Capital Expenditure | 4.31B | 12.3B | 29.0B | 57.7B | 74.5B | 38.5B | 45.7B | 41.5B |
| Free Cash Flow | -606B | -2.13T | -13.4T | -3.12T | -4.39T | -7.15T | -4.48T | 9.37T |
| Ratios | ||||||||
| ROE | 11.8% | 18.1% | 24.3% | 8.4% | 12.3% | 8.7% | 9.7% | 10.8% |
| ROA | 3.3% | 4.6% | 6.4% | 3.1% | 4.8% | 3.9% | 3.9% | 5.1% |
| Net Profit Margin | 38.7% | 53.6% | 82.3% | 37.9% | 54.5% | 59.3% | 54.7% | 72.0% |
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.
VNDIRECT Securities Corp dividends
- Dividend yield
- 3.70%
- Forward dividend
- 500.00 VND
- Payout ratio
- 37.6%
- Ex-dividend date
- May 29, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 761B | 500 | 37.6% |
| 2024 | VND 761B | 500 | 44.3% |
| 2023 | - | - | - |
| 2022 | VND 609B | 500 | 49.9% |
| 2021 | VND 107B | 78 | 4.5% |
| 2020 | VND 121B | 363 | 17.5% |
| 2019 | VND 104B | 312 | 27.2% |
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: 105:100 on May 29, 2024.
Who owns VNDIRECT Securities Corp
- Insiders 28.79%
- Institutions 3.92%
- Public & others 67.30%
- Shares outstanding 1.52B
- Free float 1.13B
VNDIRECT Securities Corp company profile
- Company name
- VNDIRECT Securities Corp
- Ticker
- VND.VN
- ISIN
- VN000000VND7
- Exchange
- Vietnam Stocks
- Sector
- Financial Services
- Industry
- Capital Markets
- Employees
- 938
- Fiscal year end
- December
- Address
- No. 1 Nguyen Thuong Hien street, Hanoi, Vietnam
- Phone
- 84 24 3972 4568
- Website
- vndirect.com.vn
About VNDIRECT Securities Corp
VNDIRECT Securities Joint Stock Company provides various investment products in Vietnam. The company offers investment services, including asset management and investment advisory, and securities trading and brokerage services, as well as margin products; and asset portfolio products comprising DSAVE for defense assets, DINVEST for life-long assets, and DTRADE for stock investment. It also provides investment institutions services, such as securities, market creation, investment analysis, and debt market services, as well as relation between business and investors; and capital market, debt capital market, merger and acquisition consulting, and investor relation and corporate financial consulting services. In addition, the company offers D-BOARD, an online trading platform for stocks, bonds, fund certificates, and various types of financial assets; STOCKBOOK, an information portal that connects the investor community with an information platform and the in-depth analysis of stocks, bonds, and various types of investment assets, as well as investment analysis reports from experts and investment communities; and DWEALTH Academy. Further, the company provides PROTRADE, a trading platform for professional investors; iVND, a personal property management platform; Bankgate, an online payment platform; and PROTRADE Trial, a virtual derivative transaction platform. VNDIRECT Securities Joint Stock Company was incorporated in 2006 and is headquartered in Hanoi, Vietnam.
VNDIRECT Securities Corp management
7- Mr. Long Vu NguyenCEO & Director · born 1987
- Mr. Dat Huu MaiVice Chairman & Head of Internal Audit Board
- Mr. Tuan Ngoc DieuDirector of Administration · born 1978
- Ms. Huong Nam VuFinance Director & Member of Management Board · born 1983
- Ms. Hanh Phuong LeDirector of Operation & Head of Supervisory Board
- Ms. Huong Thi NguyenChief Accountant
- Trang NguyenHead of Trading Institutional Client Group