VNEquity Research

UPCOM · Textiles & Apparel

M10 Garment 10 Corporation - Joint Stock Company

CTCP Tong cong ty May 10

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.

CompanyGarment 10 Corporation - Joint Stock Company
TickerM10
ExchangeUPCOM
IndustryTextiles & Apparel
Research stateNo research available NO_RESEARCH
Research certificationNo certified research
Matched opportunity conditions3 of 5
Latest screening snapshot2026-09-25T10:31:14.999403+00:00
Latest market price2026-09-24T00:00:00+00:00
Latest fundamental period2026-06-30
Latest research reportUnavailable
Evidence records85
Source documents5

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 7.83% and parent PAT growth 83.01% are both above 0%, and P/E 3.4347 confirms positive trailing parent earnings.

Magnitude: 7.83%

  • 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 7.83% OK latest compatible full year
pat_growth 83.01% OK latest compatible full year
pe_ttm 3.4347x 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 3.4347x 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 3.3736% OK QUARTER 2026-06-30 · CURRENT
operating_margin 4.1136% OK QUARTER 2026-06-30 · CURRENT
pe_ttm 3.4347x 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 3.4347 sits at percentile 9.5 (at or below 25) with a premium/discount to the historical median of -40.5% and signal DEEPLY_BELOW_HISTORY.

Magnitude: 40.5%

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 9.5% OK — · CURRENT
historical_premium_discount -40.5% OK — · CURRENT
historical_signal DEEPLY_BELOW_HISTORY OK — · CURRENT
pe_ttm 3.4347x 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 10:31:14.999403+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)3.4347x
P/B (parent equity)0.9271x
Revenue growth (latest compatible FY)7.83%
Parent PAT growth (latest compatible FY)83.01%
Operating margin (latest compatible period)4.1136%
PAT margin (latest compatible period)3.3736%
FCF Proxy Yield (TTM)— TTM_OCF_OR_CAPEX_UNAVAILABLE
OCF / PAT (latest compatible period)— INSUFFICIENT_PERSISTED_EVIDENCE
Market freshnessCURRENT price 2026-09-24T00:00:00+00:00
Fundamental periodthrough 2026-06-30 freshness CURRENT
Snapshot built at2026-09-25T10:31:14.999403+00:00 01a09a78-dbfc-751a-bc0d-0e368860c158
Persisted research stateNONE MISSING
Historical valuation signalDEEPLY_BELOW_HISTORY available

Snapshot refusal reasons: HISTORICAL_VALUATION_NOT_REQUESTED; INSUFFICIENT_PERSISTED_EVIDENCE; TTM_CAPEX_OR_REVENUE_UNAVAILABLE; TTM_DIVIDENDS_UNAVAILABLE; TTM_OCF_OR_CAPEX_UNAVAILABLE

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Valuation snapshot

ssi-iboard · UPCOM · 2026-09-24T00:00:00+00:00 · retrieved 2026-09-24T10:26:05.398746+00:00 · share basis: unavailable

Price20000.000000000000 VND
Shares outstanding—
Market cap635020000000.000000000000
Market capitalization635020000000.0000
Earnings yield (TTM, parent)29.1142%
P/E (TTM, parent)3.4347x
P/B (parent equity)0.9271x
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 4.65%
  • target P/E of 3.8x
ANALYST_ASSUMPTION
current TTM P/E +10% sensitivity, rounded to 0.1x		29570.884547.8544%
Base
  • TTM revenue growth of 0.00%
  • TTM parent PAT margin of 3.65%
  • target P/E of 3.4x
CURRENT_MULTIPLE
current TTM parent-attributable P/E, rounded to 0.1x		19779.2695-1.1037%
Bear
  • TTM revenue growth of -5.00%
  • TTM parent PAT margin of 2.65%
  • target P/E of 3.1x
ANALYST_ASSUMPTION
current TTM P/E -10% sensitivity, rounded to 0.1x		12438.5467-37.8073%

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/E3.43x
1Y median P/E6.34x
3Y median P/E6.21x
5Y median P/E6.07x
25th / 75th percentile P/E3.75 / 6.54
Min / max P/E3.27 / 7.49 (raw 3.27 / 7.49)
Percentile rank2.1%
Premium / discount to median-43.5%
SignalDEEPLY_BELOW_HISTORY percentile_rank 2.1 <= 10
CertificationNON_CERTIFIED_MODELED_AVAILABILITY 18 observations use REPORT_LAG_MODEL; 753 observations use ANNUAL_PAT_FALLBACK
P/B history— PARENT_EQUITY_HISTORY_UNAVAILABLE
Dividend-yield history— DIVIDEND_PER_SHARE_HISTORY_UNAVAILABLE

P/E range 3.38x – 7.49x 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': 1301} bars); MISSING_PERIODS: start=2023-01-19, end=2023-01-30, calendar_days=11; SUSPICIOUS_DISCONTINUITY: trade_date=2025-04-08, previous_close=20.970000000000, close=16.410000000000, absolute_return=0.2174535050071530758226037196; ADJUSTMENT_UNKNOWN: adjusted=False, adjustment_basis=UNKNOWN

Peer comparison

EXACT_INDUSTRY · Exact primary-industry and exchange match. · 28 compatible peer(s)

TickerPriceMarket capP/EP/BRevenue growthPAT growthMarginsFCF proxy yieldPremium / discount to peer median
AG1 11600.000000000000 VND 56415277600.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.97x 14.00% -20.06% 2.56% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
BDG 26000.000000000000 VND 644797920000.000000000000 VND 7.03x 0.90x -2.98% -23.90% 7.09% — TTM_OCF_OR_CAPEX_UNAVAILABLE 20.8%
BMG 11100.000000000000 VND 58741200000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.49x 7.23% 16.75% 5.18% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
BVN 25000.000000000000 VND 125000000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.92x -1.73% 93.48% 57.56% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
DCG 20100.000000000000 VND 137182500000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.26x -29.59% -55.68% 3.61% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
DM7 16900.000000000000 VND 260447590000.000000000000 VND 4.27x 0.86x -14.64% 0.53% 7.42% — TTM_OCF_OR_CAPEX_UNAVAILABLE -26.6%
FTM ECONOMIC_SIZE_MISMATCH 400.000000000000 VND 20000000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE 4.46% 60.52% -69.64% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
G20 ECONOMIC_SIZE_MISMATCH 500.000000000000 VND 7200000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE — PRIOR_PERIOD_UNAVAILABLE 73.74% -10169.64% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
GMC 4000.000000000000 VND 132001036000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE -74.35% 42.47% -1404.24% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
GTD 95600.000000000000 VND 889080000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE -1.74% -158.59% -16.46% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
HDM 32000.000000000000 VND 643080288000.000000000000 VND 4.50x 1.24x 16.28% 37.82% 6.64% — TTM_OCF_OR_CAPEX_UNAVAILABLE -22.7%
HLT 10600.000000000000 VND 58300000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE -69.15% 62.45% -7.78% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
HNI 29700.000000000000 VND 706233330000.000000000000 VND 7.97x 1.34x -17.07% -11.49% 9.56% — TTM_OCF_OR_CAPEX_UNAVAILABLE 36.9%
HSM 6700.000000000000 VND 137350000000.000000000000 VND 7.27x 0.35x 9.80% 111.43% 0.66% — TTM_OCF_OR_CAPEX_UNAVAILABLE 24.9%
HUG 30000.000000000000 VND 585341670000.000000000000 VND 6.82x 1.87x 16.36% 25.53% 10.21% -14.31% 17.2%
MGG 25000.000000000000 VND 224990550000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.85x 8.26% 20.11% 1.92% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
MNB 26000.000000000000 VND 520000000000.000000000000 VND 3.45x 0.79x 13.20% 69.11% 2.93% 105.86% -40.7%
MPT ECONOMIC_SIZE_MISMATCH 700.000000000000 VND 11975014800.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.07x — PRIOR_PERIOD_UNAVAILABLE 95.88% — MATCHING_REVENUE_AND_PAT_PERIOD_UNAVAILABLE — TTM_OCF_OR_CAPEX_UNAVAILABLE —
NDT 4700.000000000000 VND 73507887200.000000000000 VND 2.21x 1.34x -21.16% 95.06% -0.43% — TTM_OCF_OR_CAPEX_UNAVAILABLE -62.0%
NJC 11300.000000000000 VND 59041562100.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.59x -17.85% 5.87% 1.90% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
NTT 9300.000000000000 VND 265050000000.000000000000 VND 7.13x 1.17x 23.84% 33.85% 2.59% — TTM_OCF_OR_CAPEX_UNAVAILABLE 22.5%
PPH 25600.000000000000 VND 2007148160000.000000000000 VND 3.85x 0.95x 9.85% 24.93% 19.04% — TTM_OCF_OR_CAPEX_UNAVAILABLE -33.8%
PTG ECONOMIC_SIZE_MISMATCH 1600.000000000000 VND 7993896000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.04x 13.91% 23.24% 11.63% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
SGI 9800.000000000000 VND 739554060000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE 21.91% -93.49% 0.49% -29.17% —
SPB 15000.000000000000 VND 199501305000.000000000000 VND 6.44x 0.77x -16.61% 44.73% 1.98% — TTM_OCF_OR_CAPEX_UNAVAILABLE 10.7%
THM 9500.000000000000 VND 115451600000.000000000000 VND 68.58x 0.90x -12.10% -99.10% 0.05% — TTM_OCF_OR_CAPEX_UNAVAILABLE 1078.4%
TMW 22000.000000000000 VND 102571700000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE 101.11% 63.58% 11.00% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
TTG 23600.000000000000 VND 80240000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE 15.60% 19.33% 5.83% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
VDG 16400.000000000000 VND 118981868800.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.81x 55.60% 316.46% 1.13% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
VDN 34500.000000000000 VND 113812395000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.52x 11.78% 108.94% 1.53% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
VGG 36900.000000000000 VND 1627290000000.000000000000 VND 3.61x 0.67x 7.75% 20.63% 4.03% — TTM_OCF_OR_CAPEX_UNAVAILABLE -38.0%
VGT 10900.000000000000 VND 5450000000000.000000000000 VND 5.20x 0.55x 6.04% 162.55% 4.64% — TTM_OCF_OR_CAPEX_UNAVAILABLE -10.7%

Peer median P/E: 5.82x (14 compatible observations · P25 3.96x / P75 7.10x) · target rank 2 · percentile 7.1% · target premium/discount -41.1%

Excluded: GIL (NO_COMPATIBLE_CLASSIFICATION); STK (NO_COMPATIBLE_CLASSIFICATION); ADS (NO_COMPATIBLE_CLASSIFICATION); HTG (NO_COMPATIBLE_CLASSIFICATION); KMR (NO_COMPATIBLE_CLASSIFICATION); TET (NO_COMPATIBLE_CLASSIFICATION); SFN (NO_COMPATIBLE_CLASSIFICATION); MSH (NO_COMPATIBLE_CLASSIFICATION); TDT (NO_COMPATIBLE_CLASSIFICATION); TNG (NO_COMPATIBLE_CLASSIFICATION); TCM (NO_COMPATIBLE_CLASSIFICATION); AAT (NO_COMPATIBLE_CLASSIFICATION); TVT (NO_COMPATIBLE_CLASSIFICATION); SVD (NO_COMPATIBLE_CLASSIFICATION); X20 (NO_COMPATIBLE_CLASSIFICATION)

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

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