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Fortune Vietnam Joint Stock Commercial Bank (LPB) Fair Value & Analysis

Financial Services · VN · Market cap 154T VND

FV Fortune Vietnam Joint Stock Commercial Bank LPB · VN
Price52,900 VND
Fair Value76,473 VND
Upside+44.6%
Quality63/100
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Healthy Growth
Highly profitable · 55.2% net margin
generates free cash flow
Mixed vs. peers (7/12)
Wide moat 77/100
Evidence: High Range 57,355 VND – 95,592 VND Share as image

Fair value as of: Jul 16, 2026

From 6 valuation models · updated 25 days ago

Share price −0.4% over the past month.

A solid business, screening 45% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (57,355 VND). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

56,000 VND 4,760 VND Fair Value 76,473 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 4,760 VND – 56,000 VND · fair‑value band 57,355 VND – 95,592 VND · the 52,900 VND price screens below the 76,473 VND fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Fortune Vietnam Joint Stock Commercial Bank (LPB) currently trades at 52,900 VND, while our model-based Fair Value estimate is 76,473 VND, implying the stock looks roughly 44.6% undervalued today. The Quality Score stands at 63/100 (solid 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, Fortune Vietnam Joint Stock Commercial Bank generated revenue of 20.2T VND at a net margin of 55.2%. Revenue declined 2.5% year over year. It earns a return on equity of 23.4%. Net debt stands at 12.2T VND. Fundamentals as of Jul 16, 2026

Our scenario range runs from 57,355 VND (bear case) to 95,592 VND (bull case); at 52,900 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 4% below its 52-week high and 79% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 45%, LPB 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 24,973 VND 30,579 VND 109,541 VND 76
Gordon GGM 24,048 VND 52,500 VND 88,333 VND 70
P/E Multiple 37,281 VND 49,708 VND 62,135 VND 63
All 6 models by family
Dividend Discount
Gordon GGM 24,048 VND 52,500 VND 88,333 VND 70
DDM Multi-Stage 24,048 VND 43,006 VND 54,713 VND 61
Multiples
P/E Multiple 37,281 VND 49,708 VND 62,135 VND 63
P/B Multiple 16,588 VND 22,117 VND 27,646 VND 55
Asset-Based
NCAV (Graham) 7,899 VND 10,585 VND 15,798 VND 50
Economic Profit
Residual Income 24,973 VND 30,579 VND 109,541 VND 76

Widest divergence: Dividend Discount (43,006 VND) versus Asset-Based (10,585 VND). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 20.2T VND
Revenue growth (YoY) -2.5%
Net margin 55.2%
Return on equity 23.4%
Free cash flow 55.5T VND FY2025
P/E ratio 13.8
More key figures
Operating margin 66.6%
EPS (TTM) 3,739 VND
EPS growth (YoY) -10.1%
Net debt 12.2T VND FY2021

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 69 · Market factors (momentum, volatility) 79

Profitability 53
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 80
Price trend over the last 3–12 months (market factor)
52W Momentum 90
Distance to the 52-week high (market factor)
Net Issuance 64
Buybacks instead of dilution

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

Fortune Vietnam Joint Stock Commercial Bank provides banking products and services in Vietnam. The company offers current accounts and loans, including Production and business loans, real estate loans, rural agriculture loans, retirement credit, non-fixed fixed consumer loans, consumer loans with fixed assets, car loans, lending group, project financing, …

Full company description

Fortune Vietnam Joint Stock Commercial Bank provides banking products and services in Vietnam. The company offers current accounts and loans, including Production and business loans, real estate loans, rural agriculture loans, retirement credit, non-fixed fixed consumer loans, consumer loans with fixed assets, car loans, lending group, project financing, capital financing, trade financing capital financing, and other loans. It also provides life and non-life insurance products; Credit and Payment Cards, as well as POS machines; domestic payment services; international money transfer and remittance services; payment and cash flow management; guarantees; hybrid solutions; credit package for construction enterprises; LocPhat Pay, a smart payment and cash flow management solutions; Fortune Vietnam Joint Stock Commercial Bank was formerly known as Lien Viet Post Joint Stock Commercial Bank and changed its name to Fortune Vietnam Joint Stock Commercial Bank in July 2024. The company was founded in 2008 and is based in Ninh Binh, Vietnam.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fortune Vietnam Joint Stock Commercial Bank reported revenue of 21.9T VND in FY2025 versus 10.2T VND in FY2021, a compound +21.1%/yr. Reported net income was 11.4T VND in FY2025, compounding +41.2%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
21.9T VND
Latest YoY
+9.8%
Avg. growth/yr (3Y)
+15.6%
Avg. growth/yr (5Y)
+22.9%
Revenue +21.1%/yr
FY21 10.2T VND
FY22 14.2T VND
FY23 15.7T VND
FY24 20.0T VND
FY25 21.9T VND
Net income +41.2%/yr
FY21 2.9T VND
FY22 4.5T VND
FY23 5.6T VND
FY24 9.7T VND
FY25 11.4T VND

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Cite: Fair Value Calculator (2026). "Fortune Vietnam Joint Stock Commercial Bank Fair Value". https://www.fairvalue-calculator.com/stock/LPB

Peer Group

Banks - Regional · 1083 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.

Quality Score 68 · Top 25%
Fair Value upside +45% · Top 25%
Return on equity (TTM) 23% · Top 25%
Return on assets 2% · Top 25%
Net margin (TTM) 55% · Top 25%
Operating margin (TTM) 67% · Top 25%
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 13.8× · Pricier than median
P/B 3.27× · Pricier than 75% of peers
P/S (TTM) 7.62× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers

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.

VALUE 93 · sector 39
FUTURE 0 · sector 44
PAST 94 · sector 41
HEALTH 0 · sector 85
DIVIDEND 0 · sector 49

Insider activity: 45/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Fortune Vietnam Joint Stock Commercial Bank (LPB) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 76,473 VND versus a price of 52,900 VND, about +45% (undervalued).
What is the fair value of LPB?
Our model-based fair value for Fortune Vietnam Joint Stock Commercial Bank is 76,473 VND (as of Jul 16, 2026), built from audited fundamentals. The current price is 52,900 VND.
What is the quality score of LPB?
Fortune Vietnam Joint Stock Commercial Bank has a Quality Score of 63/100. 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 revenue of Fortune Vietnam Joint Stock Commercial Bank (LPB)?
Fortune Vietnam Joint Stock Commercial Bank reported trailing-twelve-month revenue of about 20.2T VND (latest available figure, as of Jul 16, 2026).
What is the net profit margin of LPB?
The net profit margin of Fortune Vietnam Joint Stock Commercial Bank is about 55.2%, meaning it keeps roughly 55.2% 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.

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