Financials Military CommercialBank

Equities

MBB

VN000000MBB5

Banks

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-07-14 pm EDT 5-day change 1st Jan Change
23,050 VND +0.22% Intraday chart for Military CommercialBank +1.54% +23.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 48,374,129 63,693,862 109,193,499 77,531,163 97,242,668 122,310,769 - -
Enterprise Value (EV) 1 48,374,129 63,693,862 109,193,499 77,531,163 97,242,668 122,310,769 122,310,769 122,310,769
P/E ratio 5.78 x 7.68 x 8.6 x 4.43 x 4.7 x 5.88 x 4.56 x 3.81 x
Yield 2.65% - - 2.92% - 2.89% 2.89% 2.17%
Capitalization / Revenue 2.69 x 3.14 x 4.17 x 2.15 x 2.51 x 2.52 x 2.09 x 1.68 x
EV / Revenue 2.69 x 3.14 x 4.17 x 2.15 x 2.51 x 2.52 x 2.09 x 1.68 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.27 x 1.33 x 1.83 x 1.02 x 1.05 x 1.13 x 0.9 x 0.8 x
Nbr of stocks (in thousands) 4,982,652 5,159,203 5,214,084 5,214,084 5,214,084 5,306,324 - -
Reference price 2 9,709 12,346 20,942 14,870 18,650 23,050 23,050 23,050
Announcement Date 1/23/20 1/21/21 1/28/22 3/20/23 1/30/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,999,997 20,277,795 26,199,554 36,023,122 38,683,848 48,575,344 58,627,804 72,723,816
EBITDA - - - - - - - -
EBIT 1 14,926,742 16,806,716 24,557,310 30,776,997 32,393,121 41,595,452 47,100,724 55,318,000
Operating Margin 82.93% 82.88% 93.73% 85.44% 83.74% 85.63% 80.34% 76.07%
Earnings before Tax (EBT) 1 10,036,119 10,688,276 16,527,259 22,729,320 26,306,089 29,075,000 36,493,233 41,588,000
Net income 1 7,822,773 8,262,659 12,697,075 17,482,735 20,676,788 22,855,000 27,731,567 32,783,000
Net margin 43.46% 40.75% 48.46% 48.53% 53.45% 47.05% 47.3% 45.08%
EPS 2 1,678 1,607 2,436 3,353 3,966 3,923 5,056 6,044
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 256.9 - - 434.8 - 666.7 666.7 500.0
Announcement Date 1/23/20 1/21/21 1/28/22 3/20/23 1/30/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 12,514,572 - - - - - 10,227,193 9,481,370 12,052,538 9,163,492 9,062,293 11,138,081 11,968,297 13,107,005 13,681,275 14,597,618
EBITDA - - - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - -
Net income 6,148,835 - - - - - - - - - - - - - - -
Net margin 49.13% - - - - - - - - - - - - - - -
EPS 2 - 676.8 - - - - 963.5 938.3 1,107 957.0 869.0 851.6 847.7 943.0 948.9 1,020
Dividend per Share 2 - - - - - 434.8 - - - - - - - 500.0 - -
Announcement Date 7/21/21 1/28/22 6/20/22 9/20/22 12/20/22 3/20/23 4/27/23 7/31/23 10/30/23 1/30/24 4/22/24 - - - - -
1VND in Million2VND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 22.1% 19.2% 23.6% 25.8% 24.5% 22.2% 21.6% 21.8%
ROA (Net income/ Total Assets) 2.02% 1.82% 2.3% 2.62% 2.47% 2.26% 2.54% 2.61%
Assets 1 386,902,072 453,235,201 551,088,325 667,835,642 836,744,284 1,009,795,302 1,092,869,622 1,256,053,640
Book Value Per Share 2 7,626 9,273 11,426 14,566 17,786 20,321 25,747 28,799
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/23/20 1/21/21 1/28/22 3/20/23 1/30/24 - - -
1VND in Million2VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
23,050 VND
Average target price
29,136 VND
Spread / Average Target
+26.41%
Consensus
  1. Stock Market
  2. Equities
  3. MBB Stock
  4. Financials Military CommercialBank