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Vietnam Joint Stock Commercial Bank for Industry and Trade, (CTG) Fair Value & Analysis

Financial Services · VN · Market cap 261T VND

VJ Vietnam Joint Stock Commercial Bank for Industry and Trade, CTG · VN
Price33,500 VND
Fair Value67,000 VND
Upside+100.0%
Quality95/100
Evidence: High Range 50,250 VND – 83,750 VND

Fair value as of: Jun 26, 2026

From 19 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from 68,000 VND to 67,000 VND (−1.5%) since Jun 25, 2026. Share price −2.6% over the past month.

Price vs Fair Value (12 months)

41,010 VND 28,157 VND Fair Value 67,000 VND Jun 2025 Jun 2026

12‑month range 28,157 VND – 41,010 VND · fair‑value band 50,250 VND – 83,750 VND · the 33,500 VND price screens below the 67,000 VND fair value. As of Jun 26, 2026.

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Analysis

Vietnam Joint Stock Commercial Bank for Industry and Trade, (CTG) currently trades at 33,500 VND, while our model-based Fair Value estimate is 67,000 VND — implying the stock looks roughly 100.0% undervalued today. We read business quality at 95/100 (high 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, Vietnam Joint Stock Commercial Bank for Industry and Trade, generated revenue of 75.2T VND at a net margin of 50.7%. Revenue grew 41.6% year over year. It earns a return on equity of 22.4%. Net debt stands at 7.7T VND. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 75.2T VND
Revenue growth (YoY) +41.6%
Net margin 50.7%
Return on equity 22.4%
Free cash flow 80.6T VND FY2025
P/E ratio 6.8
More key figures
Operating margin 64.3%
EPS (TTM) 4,906 VND
EPS growth (YoY) +64.6%
Net debt 7.7T VND FY2021

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Vietnam Joint Stock Commercial Bank for Industry and Trade, together with its subsidiaries, provides various banking products and services in Vietnam and internationally. The company offers account services; credit, debit, and other cards, as well as card payment services; digital banking; demand, escrow, regular term, and automatic term deposits; property, car, consumer, special, mid/long/short-term, and other loans, as well as loans for production and business; foreign currency trading; life and non-life insurance; overseas remittance; and other related services. It also provides guarantees; international payments and trade finance; payables, receivables, cash, and account management, as well as money transfer; advisory services; industry and supply chain solutions; savings; financial investments; treasury products, including foreign exchange, interest rate and commodity derivatives, money market, and FI and government debt instruments; and investment bank. The company was formerl…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vietnam Joint Stock Commercial Bank for Industry and Trade, reported revenue of 77.7T VND in FY2025 versus 50.1T VND in FY2021, a compound +11.6%/yr. Reported net income was 34.6T VND in FY2025, compounding +25.2%/yr from FY2021.

Revenue +11.6%/yr
FY21 50.1T VND
FY22 58.9T VND
FY23 66.1T VND
FY24 73.7T VND
FY25 77.7T VND
Net income +25.2%/yr
FY21 14.1T VND
FY22 16.8T VND
FY23 19.9T VND
FY24 25.3T VND
FY25 34.6T VND

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Similar stocks

6 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

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Frequently asked questions

Is Vietnam Joint Stock Commercial Bank for Industry and Trade, (CTG) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 67,000 VND versus a price of 33,500 VND — about +100% (undervalued). Model-based estimate, not financial advice.
What is the fair value of CTG?
Our 21-model fair value for Vietnam Joint Stock Commercial Bank for Industry and Trade, is 67,000 VND (as of Jun 26, 2026), built from audited fundamentals. The current price is 33,500 VND.
What is the quality score of CTG?
Vietnam Joint Stock Commercial Bank for Industry and Trade, has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Vietnam Joint Stock Commercial Bank for Industry and Trade, (CTG)?
Vietnam Joint Stock Commercial Bank for Industry and Trade, reported trailing-twelve-month revenue of about 75.2T VND (latest available figure, as of Jun 26, 2026).
What is the net profit margin of CTG?
The net profit margin of Vietnam Joint Stock Commercial Bank for Industry and Trade, is about 50.7%, meaning it keeps roughly 50.7% of revenue as net income. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.