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BIDV Insurance Corp (BIC) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of BIDV Insurance Corp stock VND 13,872, price VND 18,650, that is 25.6% below the price, quality 38 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services VN · ISIN VN000000BIC1

BI BIDV Insurance Corp logo Thin data Nov 8, 2026

BIDV Insurance Corp

BIC · VN
Expensive, weak quality

Our calculation puts a fair price 26% below what the stock costs today.

Healthy Growth (revenue 5y +15.5 %/yr in VND)
Low debt
Generates free cash flow
Costs just 8.9 times its yearly profit.
Thin margins · 8.9% net margin (TTM)
Mixed vs. peers (7/14)
Moderate moat 52/100 · thin data
Fair value 13,872 VND · Overvalued
Quality 38/100
Thin data
⚠ Dilution⚠ Small free float
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

47,600 VND 17,669 VND Fair Value 13,872 VND Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range 17,669 VND – 47,600 VND · fair‑value band 11,977 VND – 18,377 VND · the 18,650 VND price screens above the 13,872 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation engages in non-life insurance, reinsurance, financial investment, and other activities in Vietnam.

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The company provides health insurance, including combined personal, BIC care, worker's compensation, and 24/24 personal accident insurance products; travel and international travel insurance products; and car, motorcycle, home, and theft and burglary insurance products.

It offera corporate insurance, including ATM insurance, fire and special perils, compulsory fire and exploration, and property all risks insurance; constructors' all risk/erection all risk, contractors' plant and machinery, boiler and pressure vessel, and electronic equipment insurance; inland transit and import-export cargo insurance; marine hull, insurance for crew, and ship builder risk insurance; public and product liability insurance, and insurance for civil liabilities of shipowners; and money and surety bond insurance products.

In addition, the company offers bancassurance, such as BIC Binh An and BIC home care insurance products. The company was founded in 2010 and is headquartered in Hanoi, Vietnam.

Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation Is a subsidiary of Joint Stock Commercial Bank for Investment and Development of Vietnam.

Stock analysis

BIDV Insurance Corp (BIC) currently trades at 18,650 VND, while our model-based Fair Value estimate is 13,872 VND, 26% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 28,625 VND per share, and 2 of the 6 models we run sit above the 18,650 VND price.

Bear case: the Dividend Discount group reads lowest at 8,185 VND, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: 11,977 VND (bear) to 18,377 VND (bull), the price of 18,650 VND sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 38/100 (below-average quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

BIDV Insurance Corp reported revenue of 4.5T VND in FY2025 versus 2.5T VND in FY2021, a compound +15.8%/yr. Reported net income was 543B VND in FY2025, compounding +8.2%/yr from FY2021.

Key figures

Market cap 3.8T VND (≈ $147M) Micro · P/E ratio 8.9 · P/S ratio 0.78 · EPS (TTM) 2,103 VND · Net margin 8.9% · Return on equity 13.4% · Return on assets 3.8% · Operating margin 14.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).

What moves the price

The share trades about 30% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −26%, BIC screens cheaper than that median.

Fair Value models

Bear 11,977 VND Fair Value 13,872 VND Bull 18,377 VND
Price 18,650 VND · Downside -25.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,804 VND per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income 14,091 VND 16,320 VND 21,620 VND 76
Gordon GGM 5,347 VND 8,240 VND 10,088 VND 69
DDM Multi-Stage 5,347 VND 8,129 VND 8,918 VND 67
All 6 models by family
Dividend Discount
Gordon GGM 5,347 VND 8,240 VND 10,088 VND 69
DDM Multi-Stage 5,347 VND 8,129 VND 8,918 VND 67
Multiples
P/E Multiple 26,184 VND 34,913 VND 43,641 VND 63
P/B Multiple 16,754 VND 22,338 VND 27,923 VND 55
Asset-Based
NCAV (Graham) 7,978 VND 10,691 VND 15,956 VND 54
Economic Profit
Residual Income 14,091 VND 16,320 VND 21,620 VND 76

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 38/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 47
How much profit the company makes from its sales and capital
Quality Growth 32
Are margins and returns getting better?
Cashflow 45
Do the profits arrive as real cash?
Financial strength 44
Debt, balance sheet and risk of trouble
Investment 62
Does it invest with discipline instead of growing at any price?
Low Volatility 87
How calm the share price moves, does not count
Price momentum 21
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 6
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.5%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.0%
What shareholders gained per year (last 5 years), in VND ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in VND: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.4%
Dividend (yield on the price)0.0%

Growth Forecast

Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Vietnam: IMF forecast 4.1% a year to 2030, 3.1% from 2016 to 2025) that is about +9.7% a year for the price.

BIC screens overvalued: fair value 26% below the price. Compare with Allianz SE →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Diversified · 73 stocks

Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside −25.6% · Below median
Profitability
Return on equity (12 months) 13.4% · Below median
Return on assets 5.4% · Top 25%
Net margin (12 months) 8.9% · Below median
Operating margin (12 months) 14.8% · Above median
Growth and dividend
Revenue growth (quarter YoY) −1.1% · Below median
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.09× · Below median

Valuation Multiplesvs Insurance - Diversified median · lower = cheaper

P/E (12 months) 8.9× · Cheaper than median
P/B 1.16× · Cheaper than median
P/S (12 months) 0.78× · Cheaper than median
Price / free cash flow (fiscal year) 12.3× · Pricier than median
EV/EBITDA 6.7× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 9
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)54 · sector 54
HEALTH (low debt)96 · sector 89
DIVIDEND (yield)0 · sector 74

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Insurance - Diversified stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Arch Capital Group ACGL $107.28 $133.22 +24% vs BIC
American International Group AIG $77.75 $73.25 −6% vs BIC
The Hartford Insurance Group HIG $133.99 $115.03 −14% vs BIC
AXA SA CS €44.68 €35.31 −21% vs BIC
Talanx AG TLX €129.90 €89.76 −31% vs BIC
Sun Life Financial Inc SLF $71.53 $40.29 −44% vs BIC
Zurich Insurance Group ZURN CHF 630.20 CHF 322.32 −49% vs BIC
Allianz SE ALV €451.10 €229.28 −49% vs BIC
Assicurazioni Generali S.p.A G €43.73 €22.17 −49% vs BIC
Swiss Life Holding SLHN CHF 971.20 CHF 413.28 −57% vs BIC

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BIDV Insurance Corp: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "BIDV Insurance Corp Fair Value". https://www.fairvalue-calculator.com/stock/BIC

Frequently asked questions

Is BIDV Insurance Corp (BIC) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 13,872 VND versus a price of 18,650 VND, about 26% lower (overvalued).
What is the fair value of BIC?
Our model-based fair value for BIDV Insurance Corp is 13,872 VND (as of Nov 8, 2026), built from audited fundamentals. The current price: 18,650 VND.
What is the quality score of BIC?
BIDV Insurance Corp has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BIDV Insurance Corp (BIC)?
Our model-based price target is the fair value of 13,872 VND (as of Nov 8, 2026) from 6 valuation models. Cautious scenario 11,977 VND, optimistic scenario 18,377 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the BIDV Insurance Corp stock forecast for 2026?
Our models put fair value at 13,872 VND, about 26% lower versus a price of 18,650 VND (overvalued). Cautious scenario 11,977 VND, optimistic scenario 18,377 VND. The calculation is refreshed regularly with new filings.
What is the revenue of BIDV Insurance Corp (BIC)?
BIDV Insurance Corp reported trailing-twelve-month revenue of about 4.8T VND (latest available figure, as of Nov 8, 2026).
What growth is priced into BIDV Insurance Corp (BIC)?
For today's price to be fair in a discounted-cash-flow model, BIDV Insurance Corp would have to grow free cash flow by +14.2 % per year for five years (discount rate 14.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.5 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of BIC use?
Our models discount BIDV Insurance Corp at 14.9 %: a base by market capitalisation (micro), damped by beta 0.34, country premium for Vietnam. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For BIDV Insurance Corp that is +14.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.9 %) and the same formula as our fair value.
How much growth has BIDV Insurance Corp (BIC) delivered so far?
Over the past 5 years revenue at BIDV Insurance Corp grew +15.5 % a year. The price currently implies free-cash-flow growth of +14.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of BIDV Insurance Corp (BIC) growing?
The median revenue growth in the sector is +6.0 % a year. That is the yardstick for the growth priced into BIDV Insurance Corp (+14.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BIDV Insurance Corp (BIC)?
The free-cash-flow yield on the price is 8.10 %: that much free cash flow BIDV Insurance Corp produces per unit of market value. When it exceeds the discount rate of our models (14.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BIDV Insurance Corp (BIC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BIDV Insurance Corp it is 13,872 VND per share (as of Nov 8, 2026), against a price of 18,650 VND. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is BIDV Insurance Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, BIC trades above its calculated fair value: price 18,650 VND, fair value 13,872 VND, a gap of about −26% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BIC?
No. The price is what the market pays today (18,650 VND); the fair value is what the company's own numbers justify (13,872 VND). For BIDV Insurance Corp the two are 4,778 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is BIDV Insurance Corp worth?
The market values BIDV Insurance Corp at about 3.8T VND (market capitalisation, as of Nov 8, 2026). Per share that is 18,650 VND; our models calculate a fair value of 13,872 VND per share.
What do the bullish and bearish scenarios say about BIC?
Our models span a range for BIDV Insurance Corp: cautious scenario 11,977 VND, base 13,872 VND, optimistic 18,377 VND per share (as of Nov 8, 2026, price 18,650 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BIC?
BIDV Insurance Corp trades at a price-to-earnings ratio of 8.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 13,872 VND is built from several models across several years. Other multiples: P/B 1.2, P/S 0.8, EV/EBITDA 6.7.
How solid is the balance sheet of BIDV Insurance Corp (BIC)?
Balance-sheet figures for BIDV Insurance Corp (as of Nov 8, 2026): return on equity 13.4%, debt of 0.09 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is BIC from its 52-week high?
BIDV Insurance Corp trades at 18,650 VND, about 30% below its 52-week high of 26,750 VND and 2% above the low of 18,200 VND (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 13,872 VND is for.
Which stocks are comparable to BIDV Insurance Corp?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BIDV Insurance Corp stock attractive at the current price?
The data as of Nov 8, 2026: price 18,650 VND, calculated fair value 13,872 VND (−26%), Quality Score 38/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BIC calculated?
We run BIDV Insurance Corp through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 13,872 VND builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. BIDV Insurance Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BIDV Insurance Corp (BIC)?
The closing price on Nov 6, 2026 was 18,650 VND. Our model-based fair value is 13,872 VND, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BIDV Insurance Corp right now?
Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of BIDV Insurance Corp

How large is the market capitalisation of BIDV Insurance Corp (BIC)?
The market capitalisation of BIDV Insurance Corp is 3.8T VND (≈ $147M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BIDV Insurance Corp (BIC)?
The price-to-sales ratio of BIDV Insurance Corp is 0.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BIDV Insurance Corp (BIC)?
Earnings per share at BIDV Insurance Corp are 2,103 VND (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of BIDV Insurance Corp (BIC)?
The net margin of BIDV Insurance Corp is 8.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BIDV Insurance Corp (BIC)?
The return on equity (ROE) of BIDV Insurance Corp is 13.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of BIDV Insurance Corp (BIC)?
The return on assets (ROA) of BIDV Insurance Corp is 3.8% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of BIDV Insurance Corp (BIC)?
The operating margin of BIDV Insurance Corp is 14.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BIDV Insurance Corp (BIC)?
Revenue at BIDV Insurance Corp is growing −1.1% versus a year earlier (3y avg +14.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BIDV Insurance Corp (BIC)?
Earnings per share at BIDV Insurance Corp are growing −8.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BIDV Insurance Corp (BIC) carry?
The net debt of BIDV Insurance Corp is 332B VND (fiscal year 2025, ≈ 1.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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