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SSI Securities Corp.

SSI Securities Corp.

HHOSE:SSI
19,950.00
VND
-200.00
(-0.99%)
66.90TMarket Cap
SSI Securities Corp.
HOSE:SSI
(Ho Chi Minh Stock Exchange)

Recent

price

19,950.00

P/E

ratio

- -

div

yld

3.63%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
1,053.94
587.73
583.05
498.25
1,071.85
719.7
1,067.28
1,217.39
1,776.76
1,350.08
1,886.96
2,808.17
2,001.76
2,105.56
2,131.09
2,620.6
- -
Revenue per Share
482.74
2.53
323.53
290.32
512.8
573.62
633.57
762.24
839.42
573.15
867.03
1,727.71
859.91
900.49
1,125.02
1,710.55
- -
Basic EPS, GAAP
-1,442.56
917.13
-401.2
-9.25
-1,237.33
-993.63
289.55
-1,056.97
-1,926.92
1,879.76
-8,504.04
-6,783.19
-3,708.69
-6,240.03
-1,955.67
-4,404.92
- -
Free Cash Flow per Basic Share
230.03
242.08
243.04
242.94
243.18
0.09
320.52
320.62
320.5
319.4
413.04
414.74
501.55
631.37
626.51
864.58
724.37
Dividend per Share
3,791.66
3,539.79
3,617.54
3,640.49
3,918.1
4,451.58
5,138.19
5,491.97
5,739.25
5,908.49
6,107.71
8,136.95
8,973.44
9,256.31
10,320.9
11,677.23
13,525.17
Book Value per Share
3,702.18
3,450.23
3,533.12
3,560.13
3,835.42
4,373.3
5,060.18
5,409.53
5,717.37
5,876.56
6,076.67
8,086.43
8,923.52
9,206.92
10,273.57
11,635.42
13,495.22
Tangible Book Value per Share
1,426
1,435
1,435
1,440
1,452
1,467
1,494
1,524
1,555
1,586
1,450
1,560
1,976
2,371
2,404
2,400
2,865
Basic Weighted Avg Shares
1,503,367
843,570
836,735
717,465
1,556,839
1,055,881
1,594,776
1,855,622
2,762,090
2,141,672
2,736,479
4,381,860
3,955,778
4,991,241
5,122,545
6,290,605
- -
Sales/Revenue/Turnover
59.86
20.96
44.46
45.33
54.86
79.42
60.03
57.74
48.85
58.57
71.31
57.6
44.04
58.76
57.7
64.93
- -
Operating Margin (%)
22,079
31,685
31,481
24,149
20,993
21,129
18,206
20,947
30,828
42,893
52,843
64,115
88,676
105,754
107,560
97,387
- -
Depreciation Expense
688,587
3,624
464,299
418,045
744,830
841,567
946,703
1,161,853
1,304,930
909,201
1,257,372
2,695,914
1,699,320
2,134,609
2,704,221
4,106,090
- -
Net Income, GAAP
23.63
34.64
4.47
17.5
19.74
20.3
17.43
17.36
19.73
17.95
19.37
19.91
19.53
19.45
19.71
19.2
- -
Effective Tax Rate (%)
45.8
0.43
55.49
58.27
47.84
79.7
59.36
62.61
47.24
42.45
45.95
61.52
42.96
42.77
52.79
65.27
- -
Profit Margin (%)
3,247,867
2,043,467
2,159,295
2,113,479
3,299,342
6,272,406
6,821,899
7,873,709
8,800,947
5,881,327
3,216,653
10,060,410
18,943,204
19,816,172
24,332,953
27,421,126
35,952,888
Working Capital
- -
- -
- -
- -
- -
687,500
199,652
- -
1,068,320
1,105,938
- -
- -
- -
- -
- -
- -
- -
LT Debt
5,532,194
5,157,171
5,275,272
5,325,172
5,773,806
6,727,609
7,906,812
8,616,250
9,155,665
9,401,060
9,872,797
14,220,083
22,383,882
23,240,892
26,826,651
32,066,318
40,723,959
Total Equity
10.93
1.68
6.7
4.79
10.56
8.53
6.38
5.8
6.47
3.79
4.13
6.5
3.53
3.93
4.1
4.97
- -
Return on Invested Capital (%)
10.94
-1.19
8.58
7.39
11.47
10.19
9.53
9.45
9.13
6.82
6.52
8.93
5.4
5.9
5.63
7.51
- -
Return on Capital (%)
13.4
0.07
9.04
8.01
13.63
13.64
13.08
14.2
14.81
9.87
13.13
22.5
9.34
9.41
10.87
14.01
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
60,160,502
51,965,687
54,038,267
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,735
2,989
3,001
Market Capitalization
68,942,455
67,135,084
66,904,365

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
89,322,787
88,250,126
91,591,874
Cash, Cash Equivalents & STI
47,734,513
47,832,947
49,852,686
Accounts Receivable, Net
416,418
1,024,321
821,517
Inventories
198
146
97
Total Current Liabilities
61,901,661
53,335,772
55,638,986
Payables & Accruals
- -
- -
- -
ST Debt
60,160,502
51,965,687
54,038,267
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.07%
28.05%
19.53%
Free Cash Flow
-111.57%
22.72%
124.93%
Net Income, GAAP
23.71%
36.32%
51.84%
Sales/Revenue/Turnover
22.36%
20.4%
22.8%
Total Cash Common Dividend
34,631.62%
30.12%
37.81%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,384,068
1,389,172
1,028,278
1,179,324
5,122,545
2025
1,099,235
1,416,822
- -
1,432,078
6,290,605
2026
1,495,742
1,685,325
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
306.24
337.75
333.01
165.49
1,125.02
2025
326.54
373.2
- -
298.9
1,710.55
2026
427.49
410.2
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
0.21
582.42
626.51
2025
0.01
0.06
- -
758.77
864.58
2026
0.05
0.03
- -
- -
- -
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Business
SSI Securities Corporation is a Vietnam-based financial services institution that operates as an integrated securities brokerage, wealth management, and investment banking firm. Founded in 1999 and headquartered in Ho Chi Minh City, Vietnam, the company provides a comprehensive suite of capital market solutions to domestic and international retail investors, high-net-worth individuals, institutional clients, and corporations. The company operates across five core business segments: Retail and Institutional Securities Brokerage, which provides equity, bond, and exchange-traded derivatives trading; covered warrants execution; margin financing and securities lending; depository and custody services; and specialized institutional sales; Investment Banking, which delivers equity capital markets (ECM) underwriting; debt capital markets (DCM) bond origination; mergers and acquisitions (M&A) advisory; capital raising; corporate restructuring; and initial public offering (IPO) advisory; Asset Management, conducted primarily through its wholly owned subsidiary SSI Asset Management Company Limited (SSIAM), offering open-ended mutual funds, member funds, exchange-traded funds (ETFs) including the SSIAM VNFIN LEAD ETF and SSIAM VN30 ETF, and discretionary portfolio management mandates; Principal Investments, covering proprietary trading in listed equities, fixed-income securities, money market instruments, and structured private investments; and Treasury Operations, which oversees liquidity management, money market trading, and balance sheet optimization. SSI Securities Corporation maintains a nationwide network of transaction offices and branches across key economic hubs in Vietnam, including Ho Chi Minh City, Hanoi, Da Nang, and Hai Phong, alongside representative outreach supporting overseas institutional investors across Asia, Europe, and the United States. In recent developments, the company has completed major charter capital increases through equity issuances to strengthen its capital adequacy and expand its balance-sheet-backed margin lending operations. The firm has consistently secured multi-million-dollar cross-border syndicated unsecured loan facilities from international banking consortia, primarily comprising Taiwanese and regional financial institutions, to diversify its funding sources and lower capital costs. Furthermore, SSI Securities Corporation has advanced its digital transformation strategy by launching enhanced versions of its proprietary SSI iBoard trading platform, integrating automated electronic Know Your Customer (eKYC) onboarding systems, introducing AI-assisted research and investment advisory tools, and expanding its market-making capabilities in preparation for Vietnam's capital market infrastructure upgrades and emerging market classification transitions.