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Agribank Securities

HOSE:AGR
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AGR
HOSE
₫509B
Market Cap
  1. Home
  2. VN
  3. Diversified Financials
Company description

Agribank Securities Corporation operates as a securities brokerage company in Vietnam. The last earnings update was 23 days ago. More info.


Add to Portfolio Compare Print
  • Agribank Securities has significant price volatility in the past 3 months.
AGR Share Price and Events
7 Day Returns
-4%
HOSE:AGR
1.9%
VN Capital Markets
0.8%
VN Market
1 Year Returns
-38.8%
HOSE:AGR
-42.3%
VN Capital Markets
-27.7%
VN Market
AGR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Agribank Securities (AGR) -4% -28.7% -32.7% -38.8% -33.8% -58.4%
VN Capital Markets 1.9% -21.7% -27.8% -42.3% -24.7% -27.1%
VN Market 0.8% -20.4% -26.2% -27.7% 2.8% 39.2%
1 Year Return vs Industry and Market
  • AGR outperformed the Capital Markets industry which returned -42.3% over the past year.
  • AGR underperformed the Market in Viet Nam which returned -27.7% over the past year.
Price Volatility
AGR
Industry
5yr Volatility vs Market

Value

 Is Agribank Securities undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Agribank Securities to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Agribank Securities.

HOSE:AGR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ₫8,409.53 * 3.8%
₫321.08
Book Value of Equity per Share Median Book Value from the past 5 years. ₫8,409.53
Discount Rate (Cost of Equity) See below 11.4%
Perpetual Growth Rate 10-Year VN Government Bond Rate 3.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HOSE:AGR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year VN Govt Bond Rate 3.7%
Equity Risk Premium S&P Global 9.3%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.745 (1 + (1- 20%) (0%))
0.829
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.71% + (0.829 * 9.33%)
11.45%

Discounted Cash Flow Calculation for HOSE:AGR using Excess Returns Model Model

The calculations below outline how an intrinsic value for Agribank Securities is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

HOSE:AGR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.8% – 11.45%) * ₫8,409.53)
₫-641.71
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₫-641.71 / (11.45% - 3.71%)
₫-8,292.17
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₫8,409.53 + ₫-8,292.17
₫117.36
HOSE:AGR Discount to Share Price
Calculation Result
Value per share (VND) From above. ₫117.36
Current discount Discount to share price of ₫2,410.00
= -1 x (₫2,410.00 - ₫117.36) / ₫117.36
-1953.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Agribank Securities is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Agribank Securities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Agribank Securities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HOSE:AGR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in VND ₫323.19
HOSE:AGR Share Price ** HOSE (2020-04-03) in VND ₫2410
Viet Nam Capital Markets Industry PE Ratio Median Figure of 14 Publicly-Listed Capital Markets Companies 7.43x
Viet Nam Market PE Ratio Median Figure of 386 Publicly-Listed Companies 7.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Agribank Securities.

HOSE:AGR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HOSE:AGR Share Price ÷ EPS (both in VND)

= 2410 ÷ 323.19

7.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Agribank Securities is overvalued based on earnings compared to the VN Capital Markets industry average.
  • Agribank Securities is good value based on earnings compared to the Viet Nam market.
Price based on expected Growth
Does Agribank Securities's expected growth come at a high price?
Raw Data
HOSE:AGR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Capital Markets Industry PEG Ratio Median Figure of 58 Publicly-Listed Capital Markets Companies 1.63x
Viet Nam Market PEG Ratio Median Figure of 56 Publicly-Listed Companies 0.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Agribank Securities, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Agribank Securities's assets?
Raw Data
HOSE:AGR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in VND ₫9,312.95
HOSE:AGR Share Price * HOSE (2020-04-03) in VND ₫2410
Viet Nam Capital Markets Industry PB Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 0.6x
Viet Nam Market PB Ratio Median Figure of 405 Publicly-Listed Companies 0.87x
HOSE:AGR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HOSE:AGR Share Price ÷ Book Value per Share (both in VND)

= 2410 ÷ 9,312.95

0.26x

* Primary Listing of Agribank Securities.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Agribank Securities is good value based on assets compared to the VN Capital Markets industry average.
X
Value checks
We assess Agribank Securities's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Agribank Securities has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Agribank Securities expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Agribank Securities has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Agribank Securities expected to grow at an attractive rate?
  • Unable to compare Agribank Securities's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Agribank Securities's earnings growth to the Viet Nam market average as no estimate data is available.
  • Unable to compare Agribank Securities's revenue growth to the Viet Nam market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
HOSE:AGR Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 12.8%
Asia Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 8.5%
Viet Nam Market Earnings Growth Rate Market Cap Weighted Average 16.1%
Viet Nam Market Revenue Growth Rate Market Cap Weighted Average 18.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HOSE:AGR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in VND Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HOSE:AGR Future Estimates Data
Date (Data in VND Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
HOSE:AGR Past Financials Data
Date (Data in VND Millions) Revenue Cash Flow Net Income *
2019-12-31 204,080 126,845 68,257
2019-09-30 191,886 65,873 72,908
2019-06-30 184,932 -25,285 79,374
2019-03-31 179,739 -376,554 74,078
2018-12-31 181,196 -461,380 67,815
2018-09-30 174,265 -323,627 39,930
2018-06-30 172,968 -206,965 34,522
2018-03-31 173,739 -228,446 25,341
2017-12-31 184,093 15,474 65,275
2017-09-30 185,444 -148,613 89,619
2017-06-30 175,612 -173,627 70,695
2017-03-31 169,658 -403,980 -241,885

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Agribank Securities is high growth as no earnings estimate data is available.
  • Unable to determine if Agribank Securities is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HOSE:AGR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Agribank Securities Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HOSE:AGR Future Estimates Data
Date (Data in VND Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
HOSE:AGR Past Financials Data
Date (Data in VND Millions) EPS *
2019-12-31 323.19
2019-09-30 345.18
2019-06-30 375.82
2019-03-31 350.15
2018-12-31 321.09
2018-09-30 188.87
2018-06-30 163.45
2018-03-31 120.07
2017-12-31 309.07
2017-09-30 424.88
2017-06-30 334.14
2017-03-31 -1,144.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Agribank Securities will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Agribank Securities's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Agribank Securities's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Agribank Securities's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Agribank Securities has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Agribank Securities performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Agribank Securities's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Agribank Securities has delivered over 20% year on year earnings growth in the past 5 years.
  • Agribank Securities's 1-year earnings growth is less than its 5-year average (0.7% vs 41.1%)
  • Agribank Securities's earnings growth has exceeded the VN Capital Markets industry average in the past year (0.7% vs -15.7%).
Earnings and Revenue History
Agribank Securities's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Agribank Securities Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HOSE:AGR Past Revenue, Cash Flow and Net Income Data
Date (Data in VND Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 204,080.45 68,256.89 74,339.81
2019-09-30 191,886.32 72,907.83 66,912.79
2019-06-30 184,932.12 79,373.63 72,068.07
2019-03-31 179,739.03 74,078.49 68,594.74
2018-12-31 181,196.13 67,815.23 68,048.22
2018-09-30 174,264.86 39,929.87 25,456.09
2018-06-30 172,968.44 34,521.87 63,687.13
2018-03-31 173,738.55 25,340.89 47,744.47
2017-12-31 184,092.93 65,275.27 55,785.24
2017-09-30 185,443.69 89,618.67 52,797.10
2017-06-30 175,612.25 70,694.87 46,359.62
2017-03-31 169,658.08 -241,885.19 46,428.98
2016-12-31 133,128.84 -405,397.93 44,276.80
2016-09-30 134,451.13 -575,774.33 46,594.54
2016-06-30 143,211.01 -598,309.85 45,723.25
2016-03-31 143,444.91 -302,154.15 -184,335.92
2015-12-31 146,376.99 -186,705.94 46,345.59
2015-09-30 175,737.43 -35,357.08 45,869.52
2015-06-30 199,616.64 -11,475.04 45,091.85
2015-03-31 258,110.09 -29,474.57 273,257.28
2014-12-31 293,437.92 24,884.94 42,906.04
2014-09-30 336,373.69 12,112.98 101,002.64
2014-06-30 338,824.19 24,360.39 112,795.26
2014-03-31 345,390.79 66,643.79 100,457.16
2013-12-31 413,751.33 19,781.65 100,462.70
2013-09-30 469,551.39 34,953.07 12,892.74
2013-06-30 625,142.37 30,925.29 11,402.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Agribank Securities has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Agribank Securities used its assets less efficiently than the VN Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Agribank Securities improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Agribank Securities's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Agribank Securities has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Agribank Securities's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Agribank Securities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Agribank Securities is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Agribank Securities's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Agribank Securities's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Agribank Securities has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Agribank Securities Company Filings, last reported 3 months ago.

HOSE:AGR Past Debt and Equity Data
Date (Data in VND Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,966,894.76 0.00 121,042.30
2019-09-30 1,995,648.75 0.00 220,225.94
2019-06-30 2,046,256.90 0.00 86,640.83
2019-03-31 1,931,350.77 189,700.00 9,293.66
2018-12-31 1,870,422.08 0.00 30,752.15
2018-09-30 1,844,366.79 0.00 172,790.33
2018-06-30 1,776,092.86 0.00 134,015.56
2018-03-31 1,770,447.47 0.00 219,075.83
2017-12-31 1,763,858.33 0.00 244,561.78
2017-09-30 1,762,332.90 15,000.00 253,180.15
2017-06-30 1,764,758.24 55,000.00 138,828.25
2017-03-31 1,715,661.90 30,000.00 283,314.67
2016-12-31 1,648,335.13 0.00 212,262.82
2016-09-30 1,625,608.42 0.00 427,169.38
2016-06-30 1,629,483.13 0.00 332,806.91
2016-03-31 1,942,221.09 0.00 548,108.75
2015-12-31 2,054,063.06 0.00 693,079.17
2015-09-30 2,202,728.92 181,366.66 363,802.16
2015-06-30 2,229,199.14 301,366.66 872,105.80
2015-03-31 2,267,858.42 181,366.66 504,082.46
2014-12-31 2,242,841.91 0.00 742,734.89
2014-09-30 2,244,505.13 181,366.66 902,254.98
2014-06-30 2,249,432.30 0.00 1,212,966.57
2014-03-31 2,283,780.09 306,000.00 694,929.89
2013-12-31 2,225,718.34 366,000.00 321,847.59
2013-09-30 2,234,791.13 349,000.00 917,480.97
2013-06-30 2,225,071.91 704,000.00 1,088,284.18
  • Agribank Securities has no debt.
  • Agribank Securities has no debt compared to 5 years ago when it was 0.1%.
  • Agribank Securities has no debt, it does not need to be covered by operating cash flow.
  • Agribank Securities has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Agribank Securities's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Agribank Securities has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Agribank Securities's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Agribank Securities dividends.
If you bought ₫2,000 of Agribank Securities shares you are expected to receive ₫0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Agribank Securities's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Agribank Securities's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HOSE:AGR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Viet Nam Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 9.8%
Viet Nam Market Average Dividend Yield Market Cap Weighted Average of 241 Stocks 4.9%
Viet Nam Minimum Threshold Dividend Yield 10th Percentile 3.7%
Viet Nam Bottom 25% Dividend Yield 25th Percentile 5.6%
Viet Nam Top 25% Dividend Yield 75th Percentile 14.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HOSE:AGR Future Dividends Estimate Data
Date (Data in ₫) Dividend per Share (annual) Avg. No. Analysts
HOSE:AGR Past Annualized Dividends Data
Date (Data in ₫) Dividend per share (annual) Avg. Yield (%)
2014-03-31 0.000 0.000
2014-01-15 0.000 0.000
2011-05-06 700.000 10.040

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Agribank Securities has not reported any payouts.
  • Unable to verify if Agribank Securities's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Agribank Securities's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Agribank Securities has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Agribank Securities's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 3.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Agribank Securities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Agribank Securities has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Agribank Securities's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dinh Phuong
TENURE AS CEO 2.8 years
CEO Bio

Mr. Dinh Ngoc Phuong has been Chief Executive Officer of Agribank Securities Joint-Stock Corporation since June 16, 2017 and also serves as its Director and Member of Executive Board. Mr. Phuong served as Deputy Chief Executive Officer of Agribank Securities Joint-Stock Corporation since September 2016.

CEO Compensation
  • Insufficient data for Dinh to compare compensation growth.
  • Insufficient data for Dinh to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Agribank Securities management team in years:

3.3
Average Tenure
  • The tenure for the Agribank Securities management team is about average.
Management Team

Dinh Phuong

TITLE
CEO, Member of Executive Board & Director
TENURE
2.8 yrs

Le Huong

TITLE
In Charge of Head of Financial & Accounting Department
TENURE
2.3 yrs

Bui Thang

TITLE
Deputy CEO & Member of Board of Management

Le Tung

TITLE
Deputy CEO & Member of Executive Board

Nguyen Thanh

TITLE
Deputy Chief Executive Officer
TENURE
6.8 yrs

Nguyen Tung

TITLE
Head of HCM Branch
TENURE
3.8 yrs

Hoang Anh

TITLE
Head of Da Nang Branch
TENURE
3.8 yrs

Lan Nguyen

TITLE
Deputy Chief Executive Officer
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure of the Agribank Securities board of directors in years:

2.8
Average Tenure
  • The average tenure for the Agribank Securities board of directors is less than 3 years, this suggests a new board.
Board of Directors

Phan Tuan

TITLE
Chairman
TENURE
2.8 yrs

Dinh Phuong

TITLE
CEO, Member of Executive Board & Director

Giang Lê

TITLE
Chairman of the Supervisory Board
TENURE
1.3 yrs

Le Quang Su

TITLE
Director
TENURE
5.4 yrs

Pham Thu

TITLE
Director
TENURE
2.8 yrs

Mai Chinh

TITLE
Director

Mai Thuy

TITLE
Supervisor

Nguyen Nhung

TITLE
Supervisor
TENURE
6.3 yrs

Thi Hanh Vu

TITLE
Supervisor
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₫) Value (₫)
X
Management checks
We assess Agribank Securities's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Agribank Securities has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Agribank Securities Corporation operates as a securities brokerage company in Vietnam. It offers listed and unlisted securities brokerage, securities self-trading, securities investment advisory, guarantee of securities issue, and securities deposit services. The company’s products include securities brokerage, security services, money management, and financial services for individuals; and portfolio management, corporate finance consulting, shareholder management, and financial services for institutional clients. It also provides mobile web and app, web, and home trading services. The company was founded in 2000 and is headquartered in Hanoi, Vietnam. Agribank Securities Corporation is a subsidiary of Vietnam Bank for Agriculture and Rural Development.

Details
Name: Agribank Securities Corporation
AGR
Exchange: HOSE
Founded: 2000
₫508,991,886,730
211,199,953
Website: http://www.agriseco.com.vn
Address: Agribank Securities Corporation
Artex Building,
5th Floor,
Hanoi,
Vietnam
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HOSE AGR Ordinary Shares Ho Chi Minh Stock Exchange VN VND 10. Dec 2009
Number of employees
Current staff
Staff numbers
0
Agribank Securities employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 15:31
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2018/03/14
Last earnings filing: 2020/03/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.