Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation (BIC) Fair Value & Analysis
Financial Services · VN · Market cap 4.4T VND
Fair value as of: Jul 18, 2026
From 4 valuation models · updated 23 days ago
Share price −7.0% over the past month.
Below-average quality, screening 76% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (28,114 VND). The market is more pessimistic than our downside scenario.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range 15,671 VND – 47,600 VND · fair‑value band 28,114 VND – 46,856 VND · the 21,250 VND price screens below the 37,485 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation (BIC) currently trades at 21,250 VND, while our model-based Fair Value estimate is 37,485 VND, implying the stock looks roughly 76.4% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation generated revenue of 4.9T VND at a net margin of 9.8%. Revenue grew 2.7% year over year. It earns a return on equity of 14.7%. Net debt stands at 332B VND. Fundamentals as of Jul 18, 2026
Our scenario range runs from 28,114 VND (bear case) to 46,856 VND (bull case); at 21,250 VND, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 55% below its 52-week high, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 76%, BIC screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 4 models by family
Widest divergence: Economic Profit (24,512 VND) versus Asset-Based (10,776 VND). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 23
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation engages in non-life insurance, reinsurance, financial investment, and other activities in Vietnam.
Full company description
Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation engages in non-life insurance, reinsurance, financial investment, and other activities in Vietnam. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation 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.
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Peer Group
Insurance - Diversified · 84 stocks
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.
Valuation Multiples vs Insurance - Diversified median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Berkshire Hathaway Inc BRKB | 8,562 MXN | 10,844 MXN | +27% |
| Allianz SE ALV | €421.00 | €369.31 | -12% |
| Zurich Insurance Group ZURN | CHF 624.40 | CHF 619.80 | -1% |
| AXA SA AXAN | 888.28 MXN | 1,249 MXN | +41% |
| Assicurazioni Generali S.p.A G | €42.90 | €12.18 | -72% |
| Sun Life Financial Inc SLF | C$114.20 | C$87.83 | -23% |
| BB Seguridade Participações S.A BBSE3 | R$40.71 | R$60.39 | +48% |
| Tryg A/S TRYG | kr 154.00 | kr 116.45 | -24% |
| PT Sinar Mas Multiartha Tbk SMMA | 20,625 IDR | 4,176 IDR | -80% |
| Caixa Seguridade Participações S.A CXSE3 | R$21.77 | R$18.60 | -15% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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