Company Valuation: Commercial Bank for Foreign Trade of Vietnam

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 372,923,177 378,601,326 448,804,028 509,725,123 480,451,318 476,273,480 - -
Change - 1.52% 18.54% 13.57% -5.74% -0.87% - -
Enterprise Value (EV) 372,923,177 378,601,326 448,804,028 509,725,123 480,451,318 476,273,480 476,273,480 476,273,480
Change - 1.52% 18.54% 13.57% -5.74% -0.87% 0% 0%
P/E 13.3x 12.7x 14.7x 15.1x 13.7x 11.9x 10.5x 9.14x
PBR 2.63x 2.75x 2.72x 2.56x 2.14x 1.81x 1.55x 1.35x
PEG - 1.83x 7.78x 1.4x 3.44x 0.9x 0.8x 0.6x
Capitalization / Revenue 6.58x 5.56x 6.63x 7.43x 6.64x 5.35x 4.77x 4.17x
EV / Revenue 0x 0x 0x 0x 0x 5.35x 4.77x 4.17x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 8.07x 7.27x 6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 679.7 - - - - 553 647 733.8
Rate of return 1.52% - - - - 0.97% 1.14% 1.29%
EPS 2 3,346 3,577 3,645 4,049 4,210 4,792 5,408 6,234
Distribution rate 20.3% - - - - 11.5% 12% 11.8%
Net sales 1 56,711,075 68,082,767 67,723,462 68,578,497 72,357,586 89,023,349 99,938,375 114,116,993
EBITDA - - - - - - - -
EBIT 1 39,136,497 46,822,878 45,808,563 45,551,135 47,205,296 59,010,319 65,494,144 79,434,150
Net income 1 21,908,052 29,892,285 33,033,203 33,831,396 35,178,155 42,447,668 46,938,787 55,306,252
Net Debt - - - - - - - -
Reference price 2 44,630.85 45,310.50 53,712.37 61,003.34 57,500.00 57,000.00 57,000.00 57,000.00
Nbr of stocks (in thousands) 8,355,727 8,355,708 8,355,691 8,355,691 8,355,675 8,355,675 - -
Announcement Date 1/28/22 1/31/23 4/1/24 1/24/25 1/30/26 - - -
1VND in Million2VND
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.9x - - 0.97% 18.32B
13.12x - - 1.91% 884B
6.17x - - 5.03% 415B
11.76x - - 2.21% 378B
6.61x - - 4.79% 357B
6.11x - - 5.05% 326B
11.79x - - 4.41% 330B
6.7x - - 4.75% 303B
17.1x - - 2.46% 270B
14.21x - - 2.78% 258B
Average 10.55x 3.44% 353.86B
Weighted average by Cap. 10.56x 3.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. VCB Stock
  4. Valuation Commercial Bank for Foreign Trade of Vietnam