BLI

Tổng Công ty Cổ phần Bảo hiểm Bảo Long

VietnamInsuranceBảo hiểmBảo hiểm phi nhân thọUPCOMBH

7.700

VND · Close 2 Nov 2026

Calibrated intrinsic value vs last close

Illustrative estimate

Comparison requires review

+12.1%Calibrated value vs last close

Last close (VND): 7.700
Calibrated intrinsic value (VND): 8.631

Last close × (1 + calibrated gap / 100)

Earnings-capitalised value

Not available: the company reported a loss last year or its shares have too short a price history.

How it is calculated

1
Measure the gap
Between the model and the last close.
2
Check the record2015–2024
What gaps of that size went on to earn over the following year.
3
Apply to the close
That return is applied to the last close.

Keep in mind

For illustration only: not a validated forecast.
No uncertainty range: the estimate is a single figure.
Older record: it has not been re-measured on the current data.

Why it needs review

Trading liquidity is below the comparison threshold.

This estimate remains visible for checking its calculation. Its inputs require review before using it in a stock comparison. The model comparison behind this value needs review. The estimate does not remove the data limitations listed above.

Comparison assessed 3 Nov 2026Valid through 2 Dec 2026

Model reliability: Low; Model fitInput stabilityRisk checks; High requires the model’s diagnostic criteria to be met.
Probability of outperforming peers: Not assessed; A separate peer-outperformance probability is unavailable for this valuation.

Assessed 30 Oct 2026Not updated with daily prices

These assessments address different questions. Neither establishes that the displayed valuation is correct or guarantees a future return.

Published filingsValued 30 Oct 2026Anchored to close on 2 Nov 2026Recalculated when the displayed close changes.

Valuation Breakdown

BH→Insurance

Classified as insurance because company type is BH (insurance company).

ModelPeer-Relative P/B

Intrinsic Value = Peer P/B x (Target ROE / Peer ROE) x BVPS

Insurance companies hold long-duration liabilities (future claims) whose true economic value isn't fully captured by accounting book value. This model benchmarks the insurer against peers: it takes the median P/B of comparable insurers and adjusts it based on how the target's profitability (ROE) compares to the peer group. A more profitable insurer deserves a premium; a less profitable one, a discount.

Technical details

Why this model

Insurers' embedded value (present value of future profits from in-force policies) is difficult to calculate from public data alone. Peer-relative P/B with an ROE adjustment serves as a practical proxy within the limits of the available data.

How it works

Takes the median P/B multiple of listed insurance peers and pulls it toward a 1.5x prior, more strongly when there are few peers (weight N/(N+4)). Adjusts by the ratio of the company's ROE to the peer median ROE (clamped to 0.7x-1.5x to prevent extremes). Multiplies adjusted P/B by current BVPS.

Best for

Life and non-life insurance companies where embedded value data is unavailable and peer benchmarking provides the most reliable reference.

Model Inputs

Avg ROE (3yr)→7.37%

Valuation

We take the model’s gap to the last close, read what gaps of that size went on to earn over the following year in our 2015 to 2024 record, and apply that to the last close.

Last close (VND)→7.700

Calibrated value vs last close→+12.1%

Last close × (1 + calibrated gap / 100)

Calibrated intrinsic value (VND)

8.631

What feeds each step— click a source to highlight it in the statements

Profitability & book valuepeer source: dynamic

BLI among Insurance

Every stock in the sector, BLI marked: calibrated gap vs close across, market value up, model reliability into the board

Each bead is one valued stock in the sector; the amber bead with its stem is BLI. Drag to turn; open another stock from its bead.

Feeds valuation:Model inputsFinal calculation

Line item	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
CURRENT ASSETS (Bn. VND)	·	2,591	2,406	1,969	2,316	2,103	1,919	1,750	1,493	1,332	1,149	875	668	757
Cash and cash equivalents (Bn. VND)	·	95	138	572	643	677	422	348	468	97	66	161	107	81
Short-term investments (Bn. VND)	·	1,614	1,474	758	804	744	698	762	463	768	701	415	266	393
Accounts receivable (Bn. VND)	·	407	411	394	426	299	361	270	235	253	205	127	142	120
Net Inventories	·	0.4	0.4	0.4	0.5	0.7	0.5	0.6	0.4	0.5	0.4	0.4	0.3	0.3
Inventories, Net (Bn. VND)	·	0.4	0.4	0.4	0.5	0.7	0.5	0.6	0.4	0.5	0.4	0.4	0.3	0.3
Other current assets	·	59	55	50	83	84	90	47	51	46	47	29	27	9
Other current assets (Bn. VND)	·	0	0	0	0	0	0	0	0	0	0	0	0	8
LONG-TERM ASSETS (Bn. VND)	·	183	169	360	207	187	362	246	328	330	280	385	391	152
Long-term trade receivables (Bn. VND)	·	12	13	24	13	13	17	13	19	16	10	8	6	6
Other long-term receivables (Bn. VND)	·	12	13	24	13	13	17	13	19	16	10	8	6	6
Fixed assets (Bn. VND)	·	100	109	94	96	94	94	87	83	28	32	36	38	39
Tangible fixed assets	·	16	17	18	19	22	21	21	17	18	21	25	27	27
Intagible fixed assets	·	85	92	76	76	72	73	67	66	10	10	11	11	10
Long-term investments (Bn. VND)	·	21	0	182	46	34	205	113	211	272	227	330	338	98
Other long-term assets (Bn. VND)	·	0	0	0	0	0	0	0	0	0	0	0	0	105
Less: Provision for diminuation in value of long term investments	·	−2	−2	−2	−2	−2	−2	−2	−2	−2	−2	−2	−2	−6
Other non-current assets	·	42	41	38	36	33	44	25	16	14	11	11	9	9
Long-term prepayments (Bn. VND)	·	22	22	23	23	21	22	15	6	7	4	3	6	6
TOTAL ASSETS (Bn. VND)	·	2,774	2,576	2,329	2,523	2,291	2,282	1,996	1,822	1,662	1,430	1,260	1,059	909
LIABILITIES (Bn. VND)	·	1,845	1,675	1,492	1,775	1,558	1,575	1,321	1,155	1,016	885	823	685	537
Current liabilities (Bn. VND)	·	1,844	1,672	1,488	1,771	1,555	1,572	1,317	1,152	1,013	882	821	683	533
Long-term liabilities (Bn. VND)	·	2	3	4	4	4	4	3	3	3	3	3	2	4
OWNER'S EQUITY(Bn.VND)	·	929	900	837	748	732	706	675	667	646	545	437	374	372
Capital and reserves (Bn. VND)	·	929	900	837	748	732	706	675	667	646	545	437	374	372
Paid-in capital (Bn. VND)	·	600	600	600	600	600	600	600	600	600	500	404	336	336
Other Reserves	·	18	18	18	14	10	7	5	3	1	0	0	0	0
Undistributed earnings (Bn. VND)	·	272	245	185	105	98	79	53	48	31	32	20	26	25
TOTAL RESOURCES (Bn. VND)	·	2,774	2,576	2,329	2,523	2,291	2,282	1,996	1,822	1,662	1,430	1,260	1,059	909
Common shares (Bn. VND)	·	600	600	600	600	600	600	600	600	600	500	404	336	336

Earnings Quality

Fiscal year 2025

Poor

Margin StabilityConsistency of profit margins

Revenue QualityConsistency of revenue growth

Quantitative Scores

F-Score

5/9

Neutral

Sharpe

−0.45

Negative

Composite

50 to 69

Piotroski F-Score Breakdown

✓Net Income > 0

✓Operating CF > 0

✗ROA Rising

✓OCF > Net Income

✓Lower Leverage

✗Better Liquidity

✓No Dilution

✗Margin Up

✗Turnover Up

DuPont Decomposition

Tax Burden0.76×Interest Burden−1.96×Op. Margin−0.02×Turnover0.46×Leverage2.99=ROE3.4%

Price Risk

Momentum

−12.1%

Volatility

32.8%

Max Drawdown

−26.5%

Key Ratios

Fiscal year 2025

0.52P/B

P/E: 15.19
ROE: 3.5%
ROA: 1.2%
EPS: 527
BVPS: 15.477
Net Margin: 2.5%
Rev Growth: +3.7%
Profit Growth: −51.1%
Div Yield: —

Company Overview

Shares outstanding: 60.0M
Charter Capital: 600B VND
Sector (ICB L2): Bảo hiểm
Industry (ICB L3): Bảo hiểm phi nhân thọ
Sub-industry: Bảo hiểm phi nhân thọ
Company Type: BH

Ownership network

Common ownership links for BLI. Hover for detail, select a link to open it.

Shareholders

Ngân Hàng Thương Mại Cổ phần Sài Gòn

Inst

81.8%

49.1M

2026-06-30

Ngân hàng Thương mại Cổ phần Xuất nhập khẩu Việt Nam

EIB

6.5%

3.9M

2026-03-31

Board & Management

Hà Minh Hiếu

Chief Accountant

Phan Quốc Dũng

Vice Chairman of Management Board/General Director

Trần Thanh Nam

Deputy General Director

Lê Thanh Hằng

Deputy General Director

Top connections

NDN81.8%TDH6.5%FDC6.5%

Computed 30/10/2026

Calibrated intrinsic value vs last close

Earnings-capitalised value

How it is calculated

Keep in mind

Why it needs review

Valuation Breakdown

BLI among Insurance

Financial Statements

Earnings Quality

Quantitative Scores

Key Ratios

Company Overview

Ownership network

BLI among Insurance

Ownership network