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Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) Fair Value & Analysis

Financial Services · VN · Market cap 127T VND

HC Ho Chi Minh City Development Joint Stock Commercial Bank HDB · VN
Price25,600 VND
Fair Value42,864 VND
Upside+67.4%
Quality95/100
Evidence: High Range 32,148 VND – 53,580 VND

Fair value as of: Jun 26, 2026

From 19 valuation models · updated 3 days ago

Share price −0.4% over the past month.

Price vs Fair Value (12 months)

29,470 VND 16,602 VND Fair Value 42,864 VND Jun 2025 Jun 2026

12‑month range 16,602 VND – 29,470 VND · fair‑value band 32,148 VND – 53,580 VND · the 25,600 VND price screens below the 42,864 VND fair value. As of Jun 26, 2026.

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Analysis

Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) currently trades at 25,600 VND, while our model-based Fair Value estimate is 42,864 VND — implying the stock looks roughly 67.4% 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, Ho Chi Minh City Development Joint Stock Commercial Bank generated revenue of 33.8T VND at a net margin of 50.5%. Revenue grew 10.3% year over year. It earns a return on equity of 24.4%. Net debt stands at 35.7T VND. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 33.8T VND
Revenue growth (YoY) +10.3%
Net margin 50.5%
Return on equity 24.4%
Free cash flow 75.1T VND FY2025
P/E ratio 7.4
More key figures
Operating margin 72.0%
EPS (TTM) 3,434 VND
EPS growth (YoY) +18.8%
Net debt 35.7T VND FY2022

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

About the company

Ho Chi Minh City Development Joint Stock Commercial Bank provides various banking products and services to individuals and corporates in Vietnam and internationally. The company offers current account, savings, demand, online saving, and regular term deposits; health, hospital allowance, death and disability, accident, critical illness, home, civil liability for car, borrower, assets risks, fire and special risks, and protection and investment insurances; business, agriculture, car, consumer, and real estate loans; overdraft, paper discount, and intermediary payment services; foreign exchange and international transfers; debit, prepaid, and credit cards; remittance services; and collection and payment services, hold, nostro accounts, money deposits, and other services. It also provides working capital financing, medium and long-term loans, and guarantees; supply chain financing, import and export financing and services, and cross-border payments; and derivatives services. In additio…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ho Chi Minh City Development Joint Stock Commercial Bank reported revenue of 42.7T VND in FY2025 versus 16.4T VND in FY2021, a compound +27.0%/yr. Reported net income was 16.5T VND in FY2025, compounding +28.5%/yr from FY2021.

Revenue +27.0%/yr
FY21 16.4T VND
FY22 21.5T VND
FY23 25.8T VND
FY24 34.1T VND
FY25 42.7T VND
Net income +28.5%/yr
FY21 6.1T VND
FY22 7.7T VND
FY23 10.1T VND
FY24 12.8T VND
FY25 16.5T 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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HDFC Bank Limited HDFCBANK ₹747.05 ₹894.11 +20%
ICICI Bank Limited ICICIBANK ₹1,338 ₹1,089 -19%
PT Bank Central Asia Tbk BBCA 5,650 IDR 5,671 IDR +0%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,880 IDR 5,760 IDR +100%
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KB Financial Group 105560 153,700 KRW 213,797 KRW +39%

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Frequently asked questions

Is Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 42,864 VND versus a price of 25,600 VND — about +67% (undervalued). Model-based estimate, not financial advice.
What is the fair value of HDB?
Our 21-model fair value for Ho Chi Minh City Development Joint Stock Commercial Bank is 42,864 VND (as of Jun 26, 2026), built from audited fundamentals. The current price is 25,600 VND.
What is the quality score of HDB?
Ho Chi Minh City Development Joint Stock Commercial Bank has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ho Chi Minh City Development Joint Stock Commercial Bank (HDB)?
Ho Chi Minh City Development Joint Stock Commercial Bank reported trailing-twelve-month revenue of about 33.8T VND (latest available figure, as of Jun 26, 2026).
What is the net profit margin of HDB?
The net profit margin of Ho Chi Minh City Development Joint Stock Commercial Bank is about 50.5%, meaning it keeps roughly 50.5% 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.