VNEquity Research

HNX · Real Estate Management & Development

IDC IDICO Corporation - JSC

Tổng Công ty IDICO - CTCP

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

Browse opportunity signals Open screener

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.

CompanyIDICO Corporation - JSC
TickerIDC
ExchangeHNX
IndustryReal Estate Management & Development
Research stateNo research available NO_RESEARCH
Research certificationNo certified research
Matched opportunity conditions3 of 5
Latest screening snapshot2026-09-25T10:01:14.486133+00:00
Latest market price2026-09-24T00:00:00+00:00
Latest fundamental period2026-06-30
Latest research reportUnavailable
Evidence records109
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

UNMATCHED

Positive revenue growth, positive parent PAT growth and positive trailing parent earnings are not all present.

  • 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 -2.92% OK latest compatible full year
pat_growth -3.22% OK latest compatible full year
pe_ttm 6.6632x 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 6.6632x 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

MATCHED

PAT margin 28.3514% is positive, operating margin 37.3373% is at least 5%, and P/E 6.6632 is within (0, 40].

Magnitude: 37.3373%

  • Operating and PAT margins are not cross-sector comparable in this screening phase.
Observations (4)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
pat_margin 28.3514% OK QUARTER 2026-06-30 · CURRENT
operating_margin 37.3373% OK QUARTER 2026-06-30 · CURRENT
pe_ttm 6.6632x 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 6.6632 sits at percentile 18.2 (at or below 25) with a premium/discount to the historical median of -17.1% and signal BELOW_HISTORY.

Magnitude: 17.1%

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 18.2% OK — · CURRENT
historical_premium_discount -17.1% OK — · CURRENT
historical_signal BELOW_HISTORY OK — · CURRENT
pe_ttm 6.6632x 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 (QUALITY_AT_REASONABLE_VALUATION, 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 10:01:14.486133+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)6.6632x
P/B (parent equity)1.6975x
Revenue growth (latest compatible FY)-2.92%
Parent PAT growth (latest compatible FY)-3.22%
Operating margin (latest compatible period)37.3373%
PAT margin (latest compatible period)28.3514%
FCF Proxy Yield (TTM)— TTM_OCF_OR_CAPEX_UNAVAILABLE
OCF / PAT (latest compatible period)793.4378%
Market freshnessCURRENT price 2026-09-24T00:00:00+00:00
Fundamental periodthrough 2026-06-30 freshness CURRENT
Snapshot built at2026-09-25T10:01:14.486133+00:00 01a09a78-90f0-74c2-81c6-65f30215ed97
Persisted research stateNONE MISSING
Historical valuation signalBELOW_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 · HNX · 2026-09-24T00:00:00+00:00 · retrieved 2026-09-24T09:55:51.729828+00:00 · share basis: unavailable

Price33600.000000000000 VND
Shares outstanding—
Market cap14026214630400.000000000000
Market capitalization14026214630400.0000
Earnings yield (TTM, parent)15.0078%
P/E (TTM, parent)6.6632x
P/B (parent equity)1.6975x
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 24.95%
  • target P/E of 7.3x
ANALYST_ASSUMPTION
current TTM P/E +10% sensitivity, rounded to 0.1x		40257.419719.8137%
Base
  • TTM revenue growth of 0.00%
  • TTM parent PAT margin of 23.95%
  • target P/E of 6.7x
CURRENT_MULTIPLE
current TTM parent-attributable P/E, rounded to 0.1x		33778.74780.5320%
Bear
  • TTM revenue growth of -5.00%
  • TTM parent PAT margin of 22.95%
  • target P/E of 6.0x
ANALYST_ASSUMPTION
current TTM P/E -10% sensitivity, rounded to 0.1x		27537.2629-18.0439%

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/E6.66x
1Y median P/E7.68x
3Y median P/E8.46x
5Y median P/E7.94x
25th / 75th percentile P/E6.79 / 11.41
Min / max P/E5.24 / 13.48 (raw 5.24 / 13.48)
Percentile rank20.3%
Premium / discount to median-16.1%
SignalBELOW_HISTORY percentile_rank 20.3 <= 25
CertificationNON_CERTIFIED_MODELED_AVAILABILITY 145 observations use REPORT_LAG_MODEL; 719 observations use ANNUAL_PAT_FALLBACK
P/B history— PARENT_EQUITY_HISTORY_UNAVAILABLE
Dividend-yield history— DIVIDEND_PER_SHARE_HISTORY_UNAVAILABLE

P/E range 5.24x – 12.53x 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': 1494} bars); ADJUSTMENT_UNKNOWN: adjusted=False, adjustment_basis=UNKNOWN

Peer comparison

EXACT_INDUSTRY · Exact primary-industry and exchange match. · 6 compatible peer(s)

TickerPriceMarket capP/EP/BRevenue growthPAT growthMarginsFCF proxy yieldPremium / discount to peer median
API ECONOMIC_SIZE_MISMATCH 4800.000000000000 VND 403603084800.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.44x 27.39% 138.95% 3.25% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
BAX ECONOMIC_SIZE_MISMATCH 29000.000000000000 VND 237800000000.000000000000 VND 5.71x 1.07x 50.95% 34.79% 32.51% — TTM_OCF_OR_CAPEX_UNAVAILABLE -79.7%
CEO 11500.000000000000 VND 6851421182500.000000000000 VND 36.69x 1.06x 2.35% -6.77% 13.24% -18.46% 30.3%
D11 ECONOMIC_SIZE_MISMATCH 11800.000000000000 VND 96977780800.000000000000 VND 11.78x 0.49x 99.72% 121.85% 4.07% — TTM_OCF_OR_CAPEX_UNAVAILABLE -58.2%
DC2 ECONOMIC_SIZE_MISMATCH 6100.000000000000 VND 71026063700.000000000000 VND 16.54x 0.58x -18.34% 4.52% 2.85% — TTM_OCF_OR_CAPEX_UNAVAILABLE -41.3%
HLD 13300.000000000000 VND 731499481300.000000000000 VND 20.91x 1.08x 856.62% 396.62% 6.85% — TTM_OCF_OR_CAPEX_UNAVAILABLE -25.7%
IDJ ECONOMIC_SIZE_MISMATCH 3200.000000000000 VND 555168617600.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.29x 47.54% -267.00% -15.08% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
IDV 21300.000000000000 VND 1010086065300.000000000000 VND 6.37x 1.07x 35.67% -2.57% 73.22% -5.62% -77.4%
KSF 78000.000000000000 VND 70183410024000.000000000000 VND 5.43x 3.53x 717.92% 1151.83% 42.09% 28.44% -80.7%
NDN ECONOMIC_SIZE_MISMATCH 9000.000000000000 VND 644921424000.000000000000 VND 5.31x 0.52x -52.24% 370.15% 640.27% — TTM_OCF_OR_CAPEX_UNAVAILABLE -81.1%
NRC ECONOMIC_SIZE_MISMATCH 4800.000000000000 VND 444469257600.000000000000 VND 9.05x 0.38x 1679.06% 106.43% 9.63% — TTM_OCF_OR_CAPEX_UNAVAILABLE -67.9%
PV2 ECONOMIC_SIZE_MISMATCH 1900.000000000000 VND 70965000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.31x — PRIOR_PERIOD_UNAVAILABLE 112.58% -9.47% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
RCL ECONOMIC_SIZE_MISMATCH 11200.000000000000 VND 161485150400.000000000000 VND 16.13x 0.55x 59.58% 428.33% 33.38% — TTM_OCF_OR_CAPEX_UNAVAILABLE -42.7%
SDU ECONOMIC_SIZE_MISMATCH 6800.000000000000 VND 136000000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE -2.21% 22.05% 1.52% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
SRA ECONOMIC_SIZE_MISMATCH 1800.000000000000 VND 77759953200.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.12x -19.65% -99.70% 0.08% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
TIG 5800.000000000000 VND 1122915989000.000000000000 VND 35.41x 0.52x -28.31% -57.87% 6.94% -141.90% 25.7%
VC3 23200.000000000000 VND 3211210785600.000000000000 VND 39.58x 2.16x -0.60% 52.39% 16.42% — TTM_OCF_OR_CAPEX_UNAVAILABLE 40.6%
VTJ ECONOMIC_SIZE_MISMATCH 3400.000000000000 VND 38760000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.40x 51.15% -54.02% 1.67% — TTM_OCF_OR_CAPEX_UNAVAILABLE —

Peer median P/E: 28.16x (6 compatible observations · P25 10.00x / P75 36.37x) · target rank 3 · percentile 33.3% · target premium/discount -76.3%

Excluded: NBB (NO_COMPATIBLE_CLASSIFICATION); AAV (NO_COMPATIBLE_CLASSIFICATION); ANI (NO_COMPATIBLE_CLASSIFICATION); HAR (NO_COMPATIBLE_CLASSIFICATION); AGG (NO_COMPATIBLE_CLASSIFICATION); BVL (NO_COMPATIBLE_CLASSIFICATION); HDC (NO_COMPATIBLE_CLASSIFICATION); IJC (NO_COMPATIBLE_CLASSIFICATION); BCM (NO_COMPATIBLE_CLASSIFICATION); BIG (NO_COMPATIBLE_CLASSIFICATION); PRT (NO_COMPATIBLE_CLASSIFICATION); MH3 (NO_COMPATIBLE_CLASSIFICATION); DXG (NO_COMPATIBLE_CLASSIFICATION); CCS (NO_COMPATIBLE_CLASSIFICATION); CKG (NO_COMPATIBLE_CLASSIFICATION); CLI (NO_COMPATIBLE_CLASSIFICATION); CRV (NO_COMPATIBLE_CLASSIFICATION); LEC (NO_COMPATIBLE_CLASSIFICATION); CRE (NO_COMPATIBLE_CLASSIFICATION); CDC (NO_COMPATIBLE_CLASSIFICATION); CIG (NO_COMPATIBLE_CLASSIFICATION); CID (NO_COMPATIBLE_CLASSIFICATION); CCL (NO_COMPATIBLE_CLASSIFICATION); DRH (NO_COMPATIBLE_CLASSIFICATION); DLR (NO_COMPATIBLE_CLASSIFICATION); DXS (NO_COMPATIBLE_CLASSIFICATION); DTA (NO_COMPATIBLE_CLASSIFICATION); DIG (NO_COMPATIBLE_CLASSIFICATION); FIR (NO_COMPATIBLE_CLASSIFICATION); FDC (NO_COMPATIBLE_CLASSIFICATION); FTI (NO_COMPATIBLE_CLASSIFICATION); HU3 (NO_COMPATIBLE_CLASSIFICATION); HU6 (NO_COMPATIBLE_CLASSIFICATION); HDG (NO_COMPATIBLE_CLASSIFICATION); HHN (NO_COMPATIBLE_CLASSIFICATION); NHA (NO_COMPATIBLE_CLASSIFICATION); HTT (NO_COMPATIBLE_CLASSIFICATION); HPX (NO_COMPATIBLE_CLASSIFICATION); HAN (NO_COMPATIBLE_CLASSIFICATION); HCI (NO_COMPATIBLE_CLASSIFICATION); HD6 (NO_COMPATIBLE_CLASSIFICATION); PVR (NO_COMPATIBLE_CLASSIFICATION); HRB (NO_COMPATIBLE_CLASSIFICATION); HPI (NO_COMPATIBLE_CLASSIFICATION); HQC (NO_COMPATIBLE_CLASSIFICATION); HD2 (NO_COMPATIBLE_CLASSIFICATION); LAI (NO_COMPATIBLE_CLASSIFICATION); VCR (NO_COMPATIBLE_CLASSIFICATION); ICC (NO_COMPATIBLE_CLASSIFICATION); D2D (NO_COMPATIBLE_CLASSIFICATION); ITC (NO_COMPATIBLE_CLASSIFICATION); KHG (NO_COMPATIBLE_CLASSIFICATION); KDH (NO_COMPATIBLE_CLASSIFICATION); KBC (NO_COMPATIBLE_CLASSIFICATION); KOS (NO_COMPATIBLE_CLASSIFICATION); LDG (NO_COMPATIBLE_CLASSIFICATION); DKC (NO_COMPATIBLE_CLASSIFICATION); LCG (NO_COMPATIBLE_CLASSIFICATION); LHG (NO_COMPATIBLE_CLASSIFICATION); PXL (NO_COMPATIBLE_CLASSIFICATION); MGR (NO_COMPATIBLE_CLASSIFICATION); MBT (NO_COMPATIBLE_CLASSIFICATION); NLG (NO_COMPATIBLE_CLASSIFICATION); NTC (NO_COMPATIBLE_CLASSIFICATION); NVL (NO_COMPATIBLE_CLASSIFICATION); PIV (NO_COMPATIBLE_CLASSIFICATION); PPI (NO_COMPATIBLE_CLASSIFICATION); PFL (NO_COMPATIBLE_CLASSIFICATION); PLA (NO_COMPATIBLE_CLASSIFICATION); PXA (NO_COMPATIBLE_CLASSIFICATION); PWA (NO_COMPATIBLE_CLASSIFICATION); PDR (NO_COMPATIBLE_CLASSIFICATION); PNT (NO_COMPATIBLE_CLASSIFICATION); QCG (NO_COMPATIBLE_CLASSIFICATION); TN1 (NO_COMPATIBLE_CLASSIFICATION); RGG (NO_COMPATIBLE_CLASSIFICATION); SJS (NO_COMPATIBLE_CLASSIFICATION); SLD (NO_COMPATIBLE_CLASSIFICATION); SCR (NO_COMPATIBLE_CLASSIFICATION); SIP (NO_COMPATIBLE_CLASSIFICATION); SID (NO_COMPATIBLE_CLASSIFICATION); SGR (NO_COMPATIBLE_CLASSIFICATION); LSG (NO_COMPATIBLE_CLASSIFICATION); SZC (NO_COMPATIBLE_CLASSIFICATION); SNZ (NO_COMPATIBLE_CLASSIFICATION); SZG (NO_COMPATIBLE_CLASSIFICATION); SZL (NO_COMPATIBLE_CLASSIFICATION); SSH (NO_COMPATIBLE_CLASSIFICATION); ITA (NO_COMPATIBLE_CLASSIFICATION); TIX (NO_COMPATIBLE_CLASSIFICATION); TBR (NO_COMPATIBLE_CLASSIFICATION); TAL (NO_COMPATIBLE_CLASSIFICATION); TDH (NO_COMPATIBLE_CLASSIFICATION); TID (NO_COMPATIBLE_CLASSIFICATION); TIP (NO_COMPATIBLE_CLASSIFICATION); NTL (NO_COMPATIBLE_CLASSIFICATION); VHD (NO_COMPATIBLE_CLASSIFICATION); VRC (NO_COMPATIBLE_CLASSIFICATION); VPH (NO_COMPATIBLE_CLASSIFICATION); VPI (NO_COMPATIBLE_CLASSIFICATION); PTL (NO_COMPATIBLE_CLASSIFICATION); VNI (NO_COMPATIBLE_CLASSIFICATION); VRG (NO_COMPATIBLE_CLASSIFICATION); PVL (NO_COMPATIBLE_CLASSIFICATION); VRE (NO_COMPATIBLE_CLASSIFICATION); VIC (NO_COMPATIBLE_CLASSIFICATION); VHM (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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