VIETNAM MARITIME COMMERCIALBANK |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14,300 VND | -1.38% |
|
-1.04% | +10.00% |
| 05-27 | Vietnam Maritime Commercial Joint Stock Bank Announces Relocation of Operations | CI |
| 05-16 | Vietnam Maritime Commercial Joint Stock Bank Approves Relocation of Le Lai Transaction Office | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 20,200,191 | 43,618,944 | 25,000,000 | 26,000,000 | 28,600,000 | - |
| Enterprise Value (EV) 1 | 20,200,191 | 43,618,944 | 25,000,000 | 26,000,000 | 28,600,000 | 28,600,000 |
| P/E ratio | - | - | - | 5.6 x | - | - |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.81 x | 7.02 x | 2.34 x | - | 1.93 x | 1.64 x |
| EV / Revenue | 2.81 x | 7.02 x | 2.34 x | - | 1.93 x | 1.64 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | 1.2 x | 2.01 x | - | - | 0.78 x | 0.67 x |
| Nbr of stocks (in thousands) | 1,815,868 | 1,955,332 | 2,000,000 | 2,000,000 | 2,000,000 | - |
| Reference price 2 | 11,124 | 22,308 | 12,500 | 13,000 | 14,300 | 14,300 |
| Announcement Date | 1/29/21 | 4/3/22 | 4/3/23 | 1/24/24 | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,182,291 | 6,216,244 | 10,693,674 | - | 14,821,486 | 17,447,184 | - |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | 3,596,558 | - | 6,265,710 | - | 9,484,000 | 11,447,000 | - |
| Operating Margin | 50.08% | - | 58.59% | - | 63.99% | 65.61% | - |
| Earnings before Tax (EBT) 1 | 2,523,314 | - | - | - | 7,186,000 | 8,533,000 | - |
| Net income 1 | 2,011,144 | - | - | 4,644,214 | 5,749,000 | 6,826,000 | 7,993,000 |
| Net margin | 28% | - | - | - | 38.79% | 39.12% | - |
| EPS | - | - | - | 2,322 | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 1/29/21 | 4/3/22 | 4/3/23 | 1/24/24 | - | - | - |
1VND in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 12.7% | 20.7% | 19% | - | 16.1% | 16.1% | - |
| ROA (Net income/ Total Assets) | 1.21% | 2.12% | - | - | 1.9% | 1.85% | - |
| Assets 1 | 166,844,533 | - | - | - | 302,578,947 | 368,972,973 | - |
| Book Value Per Share 2 | 9,293 | 11,098 | - | - | 18,256 | 21,261 | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 1/29/21 | 4/3/22 | 4/3/23 | 1/24/24 | - | - | - |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
14,300
VND
Average target price
18,450
VND
Spread / Average Target
+29.02%
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +10.00% | 1.12B | |
| +18.91% | 581B | |
| +18.12% | 311B | |
| +21.47% | 263B | |
| +24.09% | 187B | |
| +29.19% | 175B | |
| +7.62% | 158B | |
| -1.49% | 154B | |
| +8.69% | 150B | |
| +13.94% | 142B |
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