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Nam A Commercial Joint Stock Bank (NAB) Fair Value & Analysis

Financial Services · VN · Market cap 24.5T VND

NA Nam A Commercial Joint Stock Bank NAB · VN
Price13,150 VND
Fair Value26,300 VND
Upside+100.0%
Quality95/100
Evidence: High Range 19,725 VND – 32,875 VND

Fair value as of: Jun 26, 2026

From 18 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from 25,700 VND to 26,300 VND (+2.3%) since Jun 25, 2026. Share price +12.4% over the past month.

Price vs Fair Value (12 months)

13,667 VND 10,083 VND Fair Value 26,300 VND Jul 2025 Jun 2026

12‑month range 10,083 VND – 13,667 VND · fair‑value band 19,725 VND – 32,875 VND · the 13,150 VND price screens below the 26,300 VND fair value. As of Jun 26, 2026.

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Analysis

Nam A Commercial Joint Stock Bank (NAB) currently trades at 13,150 VND, while our model-based Fair Value estimate is 26,300 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, Nam A Commercial Joint Stock Bank generated revenue of 9.6T VND at a net margin of 47.3%. Revenue grew 24.5% year over year. It earns a return on equity of 20.1%. The stock trades on a trailing P/E of 72.0. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 9.6T VND
Revenue growth (YoY) +24.5%
Net margin 47.3%
Return on equity 20.1%
Free cash flow 118T VND FY2025
P/E ratio 72.0
More key figures
Operating margin 66.9%
EPS (TTM) 165.20 VND
EPS growth (YoY) +34.3%

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

About the company

Nam A Commercial Joint Stock Bank provides banking products and services in Vietnam. The company mobilizes short, medium, and long-term funds in the form of term and demand deposits, and certificate of deposit; investment and development funds and borrowings from other financial institutions; grants short, medium, and long-term loans; discounts commercial notes, bonds, and valuable papers; and contributes capital, as well as invests in joint ventures. It also provides settlement services; trades in foreign currencies and gold; international payment, overseas funds, and other banking services; cash management, banking, and financial consultancy; leases cabinets and safes; entrustment loans; and acts as an insurance agency. In addition, the company engages in conducting debt factoring activities; preservation of assets; buying and selling of government and corporate bonds; credit granting under bank guarantee; debt purchasing; trading and provision of foreign exchange services on dome…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nam A Commercial Joint Stock Bank reported revenue of 9.5T VND in FY2025 versus 4.8T VND in FY2021, a compound +18.4%/yr. Reported net income was 4.2T VND in FY2025, compounding +30.7%/yr from FY2021.

Revenue +18.4%/yr
FY21 4.8T VND
FY22 5.3T VND
FY23 7.8T VND
FY24 8.6T VND
FY25 9.5T VND
Net income +30.7%/yr
FY21 1.4T VND
FY22 1.8T VND
FY23 2.6T VND
FY24 3.6T VND
FY25 4.2T VND

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Frequently asked questions

Is Nam A Commercial Joint Stock Bank (NAB) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 26,300 VND versus a price of 13,150 VND — about +100% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NAB?
Our 21-model fair value for Nam A Commercial Joint Stock Bank is 26,300 VND (as of Jun 26, 2026), built from audited fundamentals. The current price is 13,150 VND.
What is the quality score of NAB?
Nam A 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 Nam A Commercial Joint Stock Bank (NAB)?
Nam A Commercial Joint Stock Bank reported trailing-twelve-month revenue of about 9.6T VND (latest available figure, as of Jun 26, 2026).
What is the net profit margin of NAB?
The net profit margin of Nam A Commercial Joint Stock Bank is about 47.3%, meaning it keeps roughly 47.3% 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.