USD

Công ty Cổ phần Công trình Đô thị Sóc Trăng

VietnamConsumerHàng & Dịch vụ Công nghiệpTư vấn & Hỗ trợ Kinh doanhUPCOMCT

16.700

VND · Close 2 Nov 2026

Calibrated intrinsic value vs last close

Illustrative estimate

Comparison requires review

+16.8%Calibrated value vs last close

Last close (VND): 16.700
Calibrated intrinsic value (VND): 19.501

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.
The latest cash flow is zero or negative.

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

CT→Tư vấn & Hỗ trợ Kinh doanh→Consumer

Classified as consumer because ICB sector “Tư vấn & Hỗ trợ Kinh doanh” maps to the consumer group.

ModelFCF-Based DCF

Intrinsic = 70% x DCF Value + 30% x (Fair P/E x EPS)

A Discounted Cash Flow model built on Free Cash Flow (FCF), the cash a business generates after operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted to today's value using WACC. The DCF value is blended 70/30 with a value from the company's own historical P/E.

Technical details

Why this model

Consumer staples/retail generate steady, predictable free cash flows, making them ideal for DCF. The time value of money principle means a dollar today is worth more than a dollar tomorrow. DCF captures this by discounting future cash flows at a rate reflecting the investment's risk (WACC).

How it works

Takes 3-year median FCF as the base. Estimates growth via ROIC x reinvestment rate (Damodaran framework), falling back to historical revenue growth. Projects 10 years with decay toward the sector's long-run growth rate. Discounts at CAPM-derived WACC. Blends 70% of the DCF value with 30% of a P/E value: the company's 5-year median P/E, held between 5x and 25x, times EPS.

Best for

Stable consumer businesses (food, beverage, retail, healthcare) with predictable, positive free cash flows.

Weighted Avg Cost of Capital

Risk-Free (Rf)

4.36%

Betasector default

1.000

ERP

4.38%

CRP

2.75%

Cost of Equity (Ke)

11.49%

E/(D+E)

71.41%

Kd(1-t)

6.22%

D/(D+E)

28.59%

WACC

10.00%

Growth Estimate

fundamental firm blend7.92%

Growth decays 10%/yr toward terminal

Model Inputs

Base FCF→15.32B

Projection years→10

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)→16.700

Calibrated value vs last close→+16.8%

Last close × (1 + calibrated gap / 100)

Calibrated intrinsic value (VND)

19.501

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

Discount rate (WACC)10.00%

Growth rate7.92%growth method: fundamental firm blend

Base cash flow15.3 tỷone off strip ratio: 0

DCF Sensitivity

Illustrative calibrated values from the standalone DCF scenarios below, anchored to the same last close. These scenarios leave out the other parts of a blended model and do not reproduce the headline value.

WACC \ Growth	4.9%	6.4%	7.9%	9.4%	10.9%
8.0%	20.841	20.841	21.172	21.172	21.172
9.0%	20.506	20.506	20.506	20.506	20.841
10.0%	19.501	19.501	19.501	20.506	20.506
11.0%	19.501	19.501	19.501	19.501	19.501
12.0%	18.720	18.720	19.501	19.501	19.501

Above market priceBelow market priceCurrent estimate

USD among Consumer

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

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

Feeds valuation:Cost of capitalGrowthModel inputsFinal calculation

Line item	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CURRENT ASSETS (Bn. VND)	·	179	157	140	131	143	148	131	162	121	64
Cash and cash equivalents (Bn. VND)Net debt bridge	·	8	16	12	12	14	28	12	31	54	2
Short-term investments (Bn. VND)Net debt bridge	·	8	8	8	8	8	8	8	6	6	9
Accounts receivable (Bn. VND)	·	127	97	82	73	87	79	78	91	59	50
Prepayments to suppliers (Bn. VND)	·	14	15	15	15	28	27	26	21	22	10
Net Inventories	·	35	35	36	37	33	33	33	34	3	2
Inventories, Net (Bn. VND)	·	35	35	36	37	33	33	33	34	3	2
Other current assets	·	1	1	1	1	0.7	0.6	0.6	0.3	0.4	0.2
LONG-TERM ASSETS (Bn. VND)	·	41	46	55	62	72	71	78	76	73	69
Long-term trade receivables (Bn. VND)	·	0.6	1	0.09	0	0	0	0	0	0	0
Other long-term receivables (Bn. VND)	·	0.6	1	0.09	0	0	0	0	0	0	0
Fixed assets (Bn. VND)	·	37	40	50	56	65	62	68	62	38	32
Tangible fixed assets	·	37	40	50	56	65	62	68	62	29	23
Intagible fixed assets	·	0	0	0.04	0.09	0.2	0	0	0	9	9
Other non-current assets	·	3	5	5	6	7	8	9	10	33	11
Long-term prepayments (Bn. VND)	·	3	5	5	6	7	8	9	10	33	11
TOTAL ASSETS (Bn. VND)	·	219	202	195	193	215	219	208	238	194	133
LIABILITIES (Bn. VND)	·	135	121	114	113	140	148	143	181	129	72
Current liabilities (Bn. VND)	·	134	121	110	105	128	131	124	164	129	72
Short-term borrowings (Bn. VND)Discount rate (WACC) +1	·	33	28	33	32	25	27	27	29	8	5
Advances from customers (Bn. VND)	·	17	18	15	15	48	61	57	76	19	10
Long-term liabilities (Bn. VND)	·	0.9	0.5	4	8	12	17	19	16	0	0
Long-term borrowings (Bn. VND)Discount rate (WACC) +1	·	0.9	0.5	4	8	12	17	19	16	0	0
OWNER'S EQUITY(Bn.VND)Discount rate (WACC)	·	84	81	80	80	75	70	66	57	66	61
Capital and reserves (Bn. VND)	·	84	81	80	80	75	70	66	57	66	61
Paid-in capital (Bn. VND)	·	56	56	56	56	56	56	56	56	50	50
Other Reserves	·	·	0	0	0	0	0	0	0	6	6
Investment and development funds (Bn. VND)	·	8	7	6	3	2	2	0.9	0.4	2	2
Other Reserves	·	7	5	4	3	2	2	0.9	0.4	0	0
Undistributed earnings (Bn. VND)	·	14	13	14	18	14	11	8	0.3	8	4
TOTAL RESOURCES (Bn. VND)	·	219	202	195	193	215	219	208	238	194	133
Common shares (Bn. VND)	·	56	56	56	56	56	56	56	56	50	50

Earnings Quality

Fiscal year 2025

Poor

Accrual QualityLow accruals vs reported earnings

Cash ConversionOperating cash flow vs net income

ReceivablesDSO trend vs revenue growth

Margin StabilityConsistency of profit margins

Financial Forensics

Beneish M-Score · 2025

Remainder

M −2.03 · 65th pctile vs VN companies

YoY ▲ +0.29

Conservative vs VN peersUnusual accounting movement

Compare across the whole market

Ranked vs Vietnamese peers. The −1.78 Beneish cutoff is US-calibrated; ~28% of VN stocks exceed it.

DSRI

1.282

GMI

0.894

AQI

0.634

SGI

1.021

DEPI

1.000

SGAI

1.240

TATA

0.091

LVGI

1.025

Checks measured on Vietnamese companies · FY2025

Cash conversion, 3 yearsOperating cash flow / net profit: 0.6734th pctile
Receivables outside the trade cyclePrepayments to suppliers, loans and other long-term receivables / total assets: 6.6%73rd pctile
Accumulated losses / paid-in capitalUndistributed earnings below zero: None
Consecutive years of net lossProfit after tax of the parent: 0
Owner's equityWithout the non-controlling interest: Positive

Percentiles rank each fiscal year against Vietnamese non-financial companies (0 lowest, 100 highest). Over FY2015-2024, low cash conversion and a large share of receivables outside the trade cycle came before more listing trouble and more net losses the next year.

Statutory loss tests (Decree 155/2020/NĐ-CP, Art. 120(1)(e), amended by Decree 245/2025/NĐ-CP): a HOSE or HNX listing is cancelled when the audited annual statements show net losses in each of the latest 3 years, accumulated losses above the paid-in charter capital, or negative owner's equity. Read here from the annual statements as the data vendor publishes them. The company trades on UPCoM, where these tests do not apply.

Quantitative Scores

F-Score

5/9

Neutral

Z-Score

2.17

Grey Zone

Sharpe

0.01

Positive

Composite

70 and above

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 Burden0.86×Interest Burden1.00×Op. Margin0.11×Turnover1.01×Leverage2.60=ROE25.1%

Price Risk

Momentum

+0.3%

Volatility

26.6%

Max Drawdown

−10.2%

Key Ratios

Fiscal year 2025

4.49P/E

P/B: 1.13
P/S: 0.43
ROE: 25.6%
ROA: 10.1%
EPS: 3.785
BVPS: 15.059
Gross Margin: 25.0%
Net Margin: 9.6%
D/E: 0.40
Current Ratio: 1.33
EV/EBITDA: 3.28
Div Yield: 11.1%

Company Overview

Shares outstanding: 5.6M
Charter Capital: 56.0B VND
Sector (ICB L2): Hàng & Dịch vụ Công nghiệp
Industry (ICB L3): Tư vấn & Hỗ trợ Kinh doanh
Sub-industry: Chất thải & Môi trường
Company Type: CT

Ownership network

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

Shareholders

Ủy Ban Nhân Dân Tỉnh Sóc Trăng

Inst

38.9%

2.2M

2026-06-30

Lâm Hữu Tùng

Indiv

21.4%

1.2M

2026-06-30

Công Ty Cổ Phần Ô Tô Chuyên Dùng Hiệp Hoà

Inst

17.9%

1.0M

2026-06-30

Lê Thị Hòa

Indiv

7.8%

435,000

2023-06-30

Trịnh Xuân Thắng

Indiv

5.0%

279,000

2025-03-13

Đậu Đức Hiển

Indiv

0.7%

40,800

2026-06-30

Nguyễn Đức Khôi

Indiv

0.7%

36,200

2023-06-16

Trần Tuyết Nương

Indiv

0.4%

21,100

2022-12-31

Đặng Thanh Bình

Indiv

0.1%

6,900

2021-12-31

Hồ Thống Nhất

Indiv

0.1%

6,300

2026-06-30

Board & Management

Lâm Hữu Tùng21.4%

Chairman of Management Board

Đậu Đức Hiển0.7%

Member of Management Board/General Director

Hồ Thống Nhất0.1%

Member of Management Board/Deputy General Director

Phùng Thanh Tâm

Deputy General Director

Huỳnh Thị Thùy Trang

Member of Supervisors Board

Đặng Hồng Nghi

Deputy General Director

Trần Hải Đăng

Chief Accountant

Huỳnh Đắc Mộng Thảo

Person in charge of Corporate governace

Nguyễn Hoàng Lan

Member of Supervisors Board

Võ Thị Phương Ngân

Head of Supervisors Board

Top connections

STW49.0%

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

DCF Sensitivity

USD among Consumer

Financial Statements

Earnings Quality

Financial Forensics

Checks measured on Vietnamese companies · FY2025

Quantitative Scores

Key Ratios

Company Overview

Ownership network

Ownership network

USD among Consumer