VNEquity Research

HOSE · Metals & Mining

HMC Vnsteel - Ho Chi Minh City Metal Corporation

Công ty Cổ phần Kim khí Thành phố Hồ Chí Minh - Vnsteel

Persisted research state: NONE. Research is shown only when it is backed by persisted evidence and calculations.

At a glance

Company at a glance

Persisted, canonical facts only. A value that is not recorded is shown as unavailable and is never estimated, substituted or shown as zero.

CompanyVnsteel - Ho Chi Minh City Metal Corporation
TickerHMC
ExchangeHOSE
IndustryMetals & Mining
Research stateNo research available NO_RESEARCH
Research certificationNo certified research
Matched opportunity conditions3 of 5
Latest screening snapshot2026-09-25T09:51:12.020207+00:00
Latest market price2026-09-24T00:00:00+00:00
Latest fundamental period2026-06-30
Latest research reportUnavailable
Evidence records105
Source documents6

Certification reflects the repository's internal approval record on the latest persisted report. It describes publication status and provenance; it is not a rating, a forecast or investment advice.

Deterministic discovery

Opportunity signals

Browse opportunity signals

3 of 5 versioned P7D V1 conditions matched at evaluation time. Every condition is either matched, unmatched, or refused when the required evidence is missing, stale or not applicable. These are deterministic screening conditions, not investment recommendations.

Modeled history. Historical valuation availability is modeled from reporting-lag assumptions and is not point-in-time certified.

Full five-rule trace (P7D_RULES_V1)

Fundamental improvement FUNDAMENTAL_IMPROVEMENT

MATCHED

Revenue growth 36.10% and parent PAT growth 22.10% are both above 0%, and P/E 7.1287 confirms positive trailing parent earnings.

Magnitude: 22.1%

  • Growth compares the latest two compatible full years.
  • Growth is historical, not forecast growth.
  • Parent PAT growth uses the repository's existing denominator semantics: the latest full-year PARENT_PAT versus the prior full-year PARENT_PAT.
Observations (4)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
revenue_growth 36.1% OK latest compatible full year
pat_growth 22.1% OK latest compatible full year
pe_ttm 7.1287x OK TTM 2026-06-30 · CURRENT
Thresholds
growth min percent
0
pe positive
yes
market current max hours
72.0

Cash-flow strength CASH_FLOW_STRENGTH

REFUSED

Required input fcf_proxy_yield is unavailable: TTM_OCF_OR_CAPEX_UNAVAILABLE.

Refused: TTM_OCF_OR_CAPEX_UNAVAILABLE

  • FCF Proxy Yield is a screening proxy: trailing-twelve-month operating cash flow less reported cash capital expenditure over market capitalization.
Observations (3)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
fcf_proxy_yield — REFUSED · TTM_OCF_OR_CAPEX_UNAVAILABLE — · CURRENT
pe_ttm 7.1287x OK TTM 2026-06-30 · CURRENT
Thresholds
fcf proxy yield min percent
0
pe positive
yes
financial applicability
NON_FINANCIAL_ONLY
market current max hours
72.0

Quality at a reasonable valuation QUALITY_AT_REASONABLE_VALUATION

UNMATCHED

Positive PAT margin, the operating margin floor and a positive reasonable P/E are not all present.

  • Operating and PAT margins are not cross-sector comparable in this screening phase.
Observations (4)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
pat_margin 0.548% OK QUARTER 2026-06-30 · CURRENT
operating_margin 0.7323% OK QUARTER 2026-06-30 · CURRENT
pe_ttm 7.1287x OK TTM 2026-06-30 · CURRENT
Thresholds
pat margin min percent
0
operating margin min percent
5
pe min exclusive
0
pe max inclusive
40
market current max hours
72.0

Valuation dislocation VALUATION_DISLOCATION

MATCHED

P/E 7.1287 sits at percentile 1.3 (at or below 25) with a premium/discount to the historical median of -42.2% and signal DEEPLY_BELOW_HISTORY.

Magnitude: 42.2%

Historical certification: NON_CERTIFIED_MODELED_AVAILABILITY — modeled, not point-in-time certified

  • Historical valuation availability is modeled from reporting-lag assumptions and is not point-in-time certified.
Observations (6)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
historical_pe_percentile 1.3% OK — · CURRENT
historical_premium_discount -42.2% OK — · CURRENT
historical_signal DEEPLY_BELOW_HISTORY OK — · CURRENT
pe_ttm 7.1287x OK TTM 2026-06-30 · CURRENT
historical_certification NON_CERTIFIED_MODELED_AVAILABILITY OK —
Thresholds
historical percentile max
25
historical signals
BELOW_HISTORY, DEEPLY_BELOW_HISTORY
historical premium discount max exclusive
0
pe positive
yes
market current max hours
72.0

Research gap RESEARCH_GAP

MATCHED

No meaningful persisted research exists while at least one quantitative signal matched (FUNDAMENTAL_IMPROVEMENT, VALUATION_DISLOCATION). This is a research-coverage observation, not a recommendation.

Observations (1)
InputValueStatusPeriod / freshness
research_state NONE OK — · MISSING
Thresholds
research gap states
NONE, INSUFFICIENT
requires quantitative signal
yes

Rules version P7D_RULES_V1 · snapshot built 2026-09-25 09:51:12.020207+00:00 · market freshness CURRENT · persisted research state NONE. These are deterministic screening conditions over persisted evidence, not investment recommendations, forecasts, ratings or advice.

Canonical snapshot

Screening metrics

Open screener

Values come from the persisted screening snapshot and are never recomputed in the browser. UNKNOWN or refused inputs show as “—” with their canonical reason and are never displayed as zero. OCF/PAT is expressed as a percentage of PAT (100 means 100% of PAT).

P/E (TTM, parent)7.1287x
P/B (parent equity)0.7041x
Revenue growth (latest compatible FY)36.1%
Parent PAT growth (latest compatible FY)22.1%
Operating margin (latest compatible period)0.7323%
PAT margin (latest compatible period)0.548%
FCF Proxy Yield (TTM)— TTM_OCF_OR_CAPEX_UNAVAILABLE
OCF / PAT (latest compatible period)-9.7405%
Market freshnessCURRENT price 2026-09-24T00:00:00+00:00
Fundamental periodthrough 2026-06-30 freshness CURRENT
Snapshot built at2026-09-25T09:51:12.020207+00:00 01a09a78-6a1d-70df-bfd2-664cf222a44a
Persisted research stateNONE MISSING
Historical valuation signalDEEPLY_BELOW_HISTORY available

Snapshot refusal reasons: HISTORICAL_VALUATION_NOT_REQUESTED; TTM_CAPEX_OR_REVENUE_UNAVAILABLE; TTM_DIVIDENDS_UNAVAILABLE; TTM_OCF_OR_CAPEX_UNAVAILABLE

Authenticated

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Valuation snapshot

ssi-iboard · HOSE · 2026-09-24T00:00:00+00:00 · retrieved 2026-09-24T09:45:58.373492+00:00 · share basis: unavailable

Price10700.000000000000 VND
Shares outstanding—
Market cap292109989300.000000000000
Market capitalization292109989300.0000
Earnings yield (TTM, parent)14.0278%
P/E (TTM, parent)7.1287x
P/B (parent equity)0.7041x
Dividend yield (trailing cash DPS)— DIVIDEND_PER_SHARE_UNAVAILABLE
Cash distribution yield (proxy)— TTM_DIVIDENDS_UNAVAILABLE
FCF Proxy Yield (TTM)— TTM_OCF_OR_CAPEX_UNAVAILABLE
Enterprise value— TOTAL_DEBT_UNAVAILABLE
EV/Sales (TTM)— TOTAL_DEBT_UNAVAILABLE
EV/EBIT (TTM)— TOTAL_DEBT_UNAVAILABLE
Net cash / (net debt)— TOTAL_DEBT_UNAVAILABLE
EV/EBITDA— EBITDA_NOT_REPORTED_OR_DEBT_INCOMPLETE
Historical P/E range— HISTORICAL_PRICE_HISTORY_UNAVAILABLE

Deterministic Bull / Base / Bear

CaseAssumptionsTarget multiple rationaleImplied value / shareUpside / downside
Bull
  • TTM revenue growth of 5.00%
  • TTM parent PAT margin of 1.51%
  • target P/E of 7.8x
ANALYST_ASSUMPTION
current TTM P/E +10% sensitivity, rounded to 0.1x
36095.7090237.3431%
Base
  • TTM revenue growth of 0.00%
  • TTM parent PAT margin of 0.51%
  • target P/E of 7.1x
CURRENT_MULTIPLE
current TTM parent-attributable P/E, rounded to 0.1x
10568.7409-1.2267%
Bear
  • TTM revenue growth of -5.00%
  • TTM parent PAT margin of -0.49%
  • target P/E of 6.4x
ANALYST_ASSUMPTION
current TTM P/E -10% sensitivity, rounded to 0.1x
-8695.4966-181.2663%

Historical valuation

Point-in-time P/E uses only periods available on each trade date (publication-dated or lag-modeled); no negative earnings produce an observation.

Current P/E7.13x
1Y median P/E9.40x
3Y median P/E12.01x
5Y median P/E12.34x
25th / 75th percentile P/E11.47 / 70.62
Min / max P/E7.00 / 93.23 (raw 7.00 / 93.23)
Percentile rank1.3%
Premium / discount to median-42.2%
SignalDEEPLY_BELOW_HISTORY percentile_rank 1.3 <= 10
CertificationNON_CERTIFIED_MODELED_AVAILABILITY 133 observations use REPORT_LAG_MODEL; 714 observations use ANNUAL_PAT_FALLBACK
P/B history— PARENT_EQUITY_HISTORY_UNAVAILABLE
Dividend-yield history— DIVIDEND_PER_SHARE_HISTORY_UNAVAILABLE

P/E range 7.00x – 15.26x over stored observations.

Historical availability may be modeled from reporting-lag assumptions (NON_CERTIFIED_MODELED_AVAILABILITY). Modeled availability is labelled and is never point-in-time certified.

Notes: PROVIDER_SELECTED: dnse-chart ({'dnse-chart': 1477} bars); MISSING_PERIODS: start=2026-02-12, end=2026-02-23, calendar_days=11; ADJUSTMENT_UNKNOWN: adjusted=False, adjustment_basis=UNKNOWN

Peer comparison

EXACT_INDUSTRY · Exact primary-industry and exchange match. · 13 compatible peer(s)

TickerPriceMarket capP/EP/BRevenue growthPAT growthMarginsFCF proxy yieldPremium / discount to peer median
BMC 10650.000000000000 VND 131981509500.000000000000 VND 14.63x 0.58x -38.61% -54.91% 9.61% — TTM_OCF_OR_CAPEX_UNAVAILABLE -29.4%
DHM 6560.000000000000 VND 226554185440.000000000000 VND 23.03x 0.63x -15.44% 107.53% 0.20% — TTM_OCF_OR_CAPEX_UNAVAILABLE 11.1%
DTL 10750.000000000000 VND 660432743000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.10x -5.28% -3898.04% -8.67% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
HPG 20800.000000000000 VND 175613661184000.000000000000 VND 7.56x 1.34x 12.43% 28.55% 9.90% -13.62% -63.5%
HSG 10000.000000000000 VND 8072627040000.000000000000 VND 12.89x 0.71x -6.96% 42.82% 2.01% — TTM_OCF_OR_CAPEX_UNAVAILABLE -37.8%
NKG 9700.000000000000 VND 4775542421700.000000000000 VND 28.65x 0.63x -28.15% -56.49% 1.33% -112.05% 38.2%
SHI 13850.000000000000 VND 2358217464650.000000000000 VND 67.48x 1.08x 4.51% -34.76% 0.43% — TTM_OCF_OR_CAPEX_UNAVAILABLE 225.5%
SMC 10000.000000000000 VND 736785870000.000000000000 VND 2.43x 0.73x -21.50% 516.00% 2.57% — TTM_OCF_OR_CAPEX_UNAVAILABLE -88.3%
TLH 3450.000000000000 VND 387504058650.000000000000 VND 32.02x 0.31x -15.62% 100.87% 0.10% — TTM_OCF_OR_CAPEX_UNAVAILABLE 54.5%
TNI 5110.000000000000 VND 268275000000.000000000000 VND 4.13x 0.45x 6.79% 257.65% 4.13% — TTM_OCF_OR_CAPEX_UNAVAILABLE -80.1%
TNT 10000.000000000000 VND 510000000000.000000000000 VND 20.73x 0.79x 10.61% 3664.87% 1.35% — TTM_OCF_OR_CAPEX_UNAVAILABLE 0.0%
VCA 6450.000000000000 VND 97958226900.000000000000 VND 22.94x 0.58x -25.05% -2246.21% -2.19% — TTM_OCF_OR_CAPEX_UNAVAILABLE 10.7%
VPG 1430.000000000000 VND 126434523930.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.13x -23.82% -714.38% -4.90% — TTM_OCF_OR_CAPEX_UNAVAILABLE —

Peer median P/E: 20.73x (11 compatible observations · P25 10.22x / P75 25.84x) · target rank 3 · percentile 18.2% · target premium/discount -65.6%

Excluded: ACM (NO_COMPATIBLE_CLASSIFICATION); ATG (NO_COMPATIBLE_CLASSIFICATION); BCA (NO_COMPATIBLE_CLASSIFICATION); BKC (NO_COMPATIBLE_CLASSIFICATION); BAL (NO_COMPATIBLE_CLASSIFICATION); VDT (NO_COMPATIBLE_CLASSIFICATION); CBI (NO_COMPATIBLE_CLASSIFICATION); KCB (NO_COMPATIBLE_CLASSIFICATION); KMT (NO_COMPATIBLE_CLASSIFICATION); DFC (NO_COMPATIBLE_CLASSIFICATION); HSV (NO_COMPATIBLE_CLASSIFICATION); HGM (NO_COMPATIBLE_CLASSIFICATION); HLA (NO_COMPATIBLE_CLASSIFICATION); KVC (NO_COMPATIBLE_CLASSIFICATION); GLC (NO_COMPATIBLE_CLASSIFICATION); LCM (NO_COMPATIBLE_CLASSIFICATION); LPT (NO_COMPATIBLE_CLASSIFICATION); MSR (NO_COMPATIBLE_CLASSIFICATION); MEL (NO_COMPATIBLE_CLASSIFICATION); TNB (NO_COMPATIBLE_CLASSIFICATION); PVB (NO_COMPATIBLE_CLASSIFICATION); PAS (NO_COMPATIBLE_CLASSIFICATION); POM (NO_COMPATIBLE_CLASSIFICATION); NSH (NO_COMPATIBLE_CLASSIFICATION); TTB (NO_COMPATIBLE_CLASSIFICATION); TIS (NO_COMPATIBLE_CLASSIFICATION); TMG (NO_COMPATIBLE_CLASSIFICATION); TTS (NO_COMPATIBLE_CLASSIFICATION); KKC (NO_COMPATIBLE_CLASSIFICATION); ITQ (NO_COMPATIBLE_CLASSIFICATION); TNS (NO_COMPATIBLE_CLASSIFICATION); TDS (NO_COMPATIBLE_CLASSIFICATION); GDA (NO_COMPATIBLE_CLASSIFICATION); TKU (NO_COMPATIBLE_CLASSIFICATION); UEM (NO_COMPATIBLE_CLASSIFICATION); VLS (NO_COMPATIBLE_CLASSIFICATION); TVN (NO_COMPATIBLE_CLASSIFICATION); VTH (NO_COMPATIBLE_CLASSIFICATION); VGS (NO_COMPATIBLE_CLASSIFICATION); CTT (NO_COMPATIBLE_CLASSIFICATION); CMK (NO_COMPATIBLE_CLASSIFICATION); KSV (NO_COMPATIBLE_CLASSIFICATION); VBG (NO_COMPATIBLE_CLASSIFICATION); VGL (NO_COMPATIBLE_CLASSIFICATION); HMG (NO_COMPATIBLE_CLASSIFICATION)

comparison inputs, not causal conclusions: revenue_growth_percent, pat_growth_percent, net_margin_percent, price_to_book

NO RESEARCH YET

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