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Military Commercial Joint Stock Bank (MBB) Fair Value & Analysis

Financial Services · VN · Market cap 199T VND

MC Military Commercial Joint Stock Bank MBB · VN
Price24,700 VND
Fair Value49,400 VND
Upside+100.0%
Quality95/100
Evidence: High Range 37,050 VND – 61,750 VND

Fair value as of: Jun 26, 2026

From 19 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from 49,600 VND to 49,400 VND (−0.4%) since Jun 25, 2026. Share price +0.4% over the past month.

Price vs Fair Value (12 months)

28,538 VND 18,925 VND Fair Value 49,400 VND Jun 2025 Jun 2026

12‑month range 18,925 VND – 28,538 VND · fair‑value band 37,050 VND – 61,750 VND · the 24,700 VND price screens below the 49,400 VND fair value. As of Jun 26, 2026.

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Analysis

Military Commercial Joint Stock Bank (MBB) currently trades at 24,700 VND, while our model-based Fair Value estimate is 49,400 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, Military Commercial Joint Stock Bank generated revenue of 55.9T VND at a net margin of 49.6%. Revenue grew 16.8% year over year. It earns a return on equity of 20.8%. Net debt stands at 16.3T VND. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 55.9T VND
Revenue growth (YoY) +16.8%
Net margin 49.6%
Return on equity 20.8%
Free cash flow 136T VND FY2025
P/E ratio 7.2
More key figures
Operating margin 68.3%
EPS (TTM) 3,444 VND
EPS growth (YoY) +14.4%
Net debt 16.3T VND FY2025

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

About the company

Military Commercial Joint Stock Bank provides banking products and services in Vietnam. The company offers savings, current, special-numbered, escrow, special, and lump sum accounts; debit and credit card; business solution package; and MB Ageas life products. It also provides home, production and business, auto, consumer loans, as well as loan for securities advance and equitization loan; fund transfer and payment services; and account services, products and services for soldiers, asset custody, and safe deposit box services. In addition, the company offers other services, including payroll, electricity fee collection services, tax payment collection, and other services; loans and guarantee; trade finance, including import letter of credit (L/C), import collection, outward remittance, export L/C, export collection, inward remittance, export documents discount, pre-delivery export finance based on original L/C, upas LC, and L/C at sight opening by self-financed capital; and digital …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Military Commercial Joint Stock Bank reported revenue of 63.6T VND in FY2025 versus 34.3T VND in FY2021, a compound +16.7%/yr. Reported net income was 26.8T VND in FY2025, compounding +20.5%/yr from FY2021.

Revenue +16.7%/yr
FY21 34.3T VND
FY22 44.1T VND
FY23 45.6T VND
FY24 53.0T VND
FY25 63.6T VND
Net income +20.5%/yr
FY21 12.7T VND
FY22 17.5T VND
FY23 20.7T VND
FY24 22.6T VND
FY25 26.8T VND

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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 Military Commercial Joint Stock Bank (MBB) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 49,400 VND versus a price of 24,700 VND — about +100% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MBB?
Our 21-model fair value for Military Commercial Joint Stock Bank is 49,400 VND (as of Jun 26, 2026), built from audited fundamentals. The current price is 24,700 VND.
What is the quality score of MBB?
Military Commercial Joint Stock Bank has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Military Commercial Joint Stock Bank (MBB)?
Military Commercial Joint Stock Bank reported trailing-twelve-month revenue of about 55.9T VND (latest available figure, as of Jun 26, 2026).
What is the net profit margin of MBB?
The net profit margin of Military Commercial Joint Stock Bank is about 49.6%, meaning it keeps roughly 49.6% 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.