Viet Nam International Commercial Joint Stock Bank (VIB) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Viet Nam International Commercial Joint Stock Bank VND 14,241, price VND 13,550, upside +5.1%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 6,095 VND – 19,317 VND · fair‑value band 12,205 VND – 24,814 VND · the 13,550 VND price screens below the 14,241 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Vietnam International Commercial Joint Stock Bank provides various banking products and services to organizations and individuals primarily in Vietnam.
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Vietnam International Commercial Joint Stock Bank provides various banking products and services to organizations and individuals primarily in Vietnam. It offers current, business, and digi accounts; term, foreign term, and flexi deposits; savings; mortgage, new and used auto purchase, apartment, home refinancing, unsecured personal, working capital, and business investment loans; and short, medium, and long-term loans. The company also provides treasury and insurance products; credit and debit cards; derivatives; and transaction banking, cash flow management, funds, lending, bank guarantee, and trade finance services. In addition, it offers supply chain finance, collection, payment, liquidity management, forex, and ATM; and mobile, digital, and other banking services. Vietnam International Commercial Joint Stock Bank was founded in 1996 and is headquartered in Ho Chi Minh City, Vietnam.
Stock analysis
Viet Nam International Commercial Joint Stock Bank (VIB) currently trades at 13,550 VND, while our model-based Fair Value estimate is 14,241 VND, implying the stock looks roughly 4.9% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 19,291 VND per share, and 3 of the 6 models we run sit above the 13,550 VND price.
Bear case: the Dividend Discount group reads lowest at 5,324 VND, and 3 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 12,205 VND (bear) to 24,814 VND (bull), the price of 13,550 VND sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Viet Nam International Commercial Joint Stock Bank reported revenue of 18.3T VND in FY2025 versus 14.7T VND in FY2021, a compound +5.6%/yr. Reported net income was 7.3T VND in FY2025, compounding +3.3%/yr from FY2021.
Key figures
Market cap 51.9T VND · P/E ratio 6.1 · P/S ratio 2.43 · EPS (TTM) 2,229 VND · Dividend yield 4.0% · Net margin 39.9% · Return on equity 16.4% · Return on assets 1.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at 5%, VIB screens cheaper than that median.
Fair Value models
Bear 12,205 VNDFair Value 14,241 VNDBull 24,814 VND
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1,631 VND per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in VND ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in VND: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+10.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.3%
Dividend (yield on the price)4.0%
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Viet Nam International Commercial Joint Stock Bank with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Banks - Regional · 1074 stocks
Beats the industry median on 12/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+5% · Above median
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets1% · Top 25%
Net margin (TTM)42% · Top 25%
Operating margin (TTM)51% · Top 25%
Growth and dividend
Revenue growth45% · Top 25%
Dividend yield (TTM)4.0% · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Viet Nam International Commercial Joint Stock Bank Fair Value". https://www.fairvalue-calculator.com/stock/VIB
Frequently asked questions
Is Viet Nam International Commercial Joint Stock Bank (VIB) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 14,241 VND versus a price of 13,550 VND, about +5% upside (fairly valued).
What is the fair value of VIB?
Our model-based fair value for Viet Nam International Commercial Joint Stock Bank is 14,241 VND (as of Sep 24, 2026), built from audited fundamentals. The current price: 13,550 VND.
What is the quality score of VIB?
Viet Nam International Commercial Joint Stock Bank has a Quality Score of 57/100. 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 price target for Viet Nam International Commercial Joint Stock Bank (VIB)?
Our model-based price target is the fair value of 14,241 VND (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 12,205 VND, optimistic scenario 24,814 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Viet Nam International Commercial Joint Stock Bank stock forecast for 2026?
Our models put fair value at 14,241 VND, about +5% upside versus a price of 13,550 VND (fairly valued). Cautious scenario 12,205 VND, optimistic scenario 24,814 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Viet Nam International Commercial Joint Stock Bank (VIB)?
Viet Nam International Commercial Joint Stock Bank reported trailing-twelve-month revenue of about 18.3T VND (latest available figure, as of Sep 24, 2026).
Does Viet Nam International Commercial Joint Stock Bank pay a dividend?
Viet Nam International Commercial Joint Stock Bank currently shows a dividend yield of about 4.02% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Viet Nam International Commercial Joint Stock Bank (VIB)?
For today's price to be fair in a discounted-cash-flow model, Viet Nam International Commercial Joint Stock Bank would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 13.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of VIB use?
Our models discount Viet Nam International Commercial Joint Stock Bank at 13.4 %: a base by market capitalisation (small), damped by beta 0.51, country premium for Vietnam. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Viet Nam International Commercial Joint Stock Bank that is less than minus 40 % per year a year over ten years, using the same discount rate (13.4 %) and the same formula as our fair value.
How much growth has Viet Nam International Commercial Joint Stock Bank (VIB) delivered so far?
Over the past 5 years revenue at Viet Nam International Commercial Joint Stock Bank grew +10.6 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Viet Nam International Commercial Joint Stock Bank (VIB) growing?
The median revenue growth in the sector is +8.5 % a year. That is the yardstick for the growth priced into Viet Nam International Commercial Joint Stock Bank (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Viet Nam International Commercial Joint Stock Bank (VIB)?
The free-cash-flow yield on the price is 27.54 %: that much free cash flow Viet Nam International Commercial Joint Stock Bank produces per unit of market value. When it exceeds the discount rate of our models (13.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Viet Nam International Commercial Joint Stock Bank (VIB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Viet Nam International Commercial Joint Stock Bank it is 14,241 VND per share (as of Sep 24, 2026), against a price of 13,550 VND. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Viet Nam International Commercial Joint Stock Bank stock overvalued or undervalued in 2026?
As of Sep 24, 2026, VIB trades below its calculated fair value: price 13,550 VND, fair value 14,241 VND, a gap of about +5% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VIB?
No. The price is what the market pays today (13,550 VND); the fair value is what the company's own numbers justify (14,241 VND). For Viet Nam International Commercial Joint Stock Bank the two are 690.79 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Viet Nam International Commercial Joint Stock Bank worth?
The market values Viet Nam International Commercial Joint Stock Bank at about 51.9T VND (market capitalisation, as of Sep 24, 2026). Per share that is 13,550 VND; our models calculate a fair value of 14,241 VND per share.
What do the bullish and bearish scenarios say about VIB?
Our models span a range for Viet Nam International Commercial Joint Stock Bank: cautious scenario 12,205 VND, base 14,241 VND, optimistic 24,814 VND per share (as of Sep 24, 2026, price 13,550 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VIB?
Viet Nam International Commercial Joint Stock Bank trades at a price-to-earnings ratio of 6.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 14,241 VND is built from several models across several years. Other multiples: P/B 1.1, P/S 2.8.
How solid is the balance sheet of Viet Nam International Commercial Joint Stock Bank (VIB)?
Balance-sheet figures for Viet Nam International Commercial Joint Stock Bank (as of Sep 24, 2026): return on equity 16.4%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is VIB from its 52-week high?
Viet Nam International Commercial Joint Stock Bank trades at 13,550 VND, about 19% below its 52-week high of 16,820 VND and 6% above the low of 12,809 VND (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 14,241 VND is for.
Which stocks are comparable to Viet Nam International Commercial Joint Stock Bank?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Viet Nam International Commercial Joint Stock Bank stock attractive at the current price?
The data as of Sep 24, 2026: price 13,550 VND, calculated fair value 14,241 VND (+5%), Quality Score 57/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VIB calculated?
We run Viet Nam International Commercial Joint Stock Bank through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 14,241 VND, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Viet Nam International Commercial Joint Stock Bank currently trades 5 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Viet Nam International Commercial Joint Stock Bank (VIB)?
The closing price on Sep 23, 2026 was 13,550 VND. Our model-based fair value is 14,241 VND, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Viet Nam International Commercial Joint Stock Bank right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (12,205 VND to 24,814 VND) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Viet Nam International Commercial Joint Stock Bank
How large is the market capitalisation of Viet Nam International Commercial Joint Stock Bank (VIB)?
The market capitalisation of Viet Nam International Commercial Joint Stock Bank is 51.9T VND. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Viet Nam International Commercial Joint Stock Bank (VIB)?
The price-to-sales ratio of Viet Nam International Commercial Joint Stock Bank is 2.43 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Viet Nam International Commercial Joint Stock Bank (VIB)?
Earnings per share at Viet Nam International Commercial Joint Stock Bank are 2,229 VND (price ÷ EPS = P/E 6.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Viet Nam International Commercial Joint Stock Bank (VIB)?
The dividend yield of Viet Nam International Commercial Joint Stock Bank is 4.0% (payout 24.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Viet Nam International Commercial Joint Stock Bank (VIB)?
The net margin of Viet Nam International Commercial Joint Stock Bank is 39.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Viet Nam International Commercial Joint Stock Bank (VIB)?
The return on equity (ROE) of Viet Nam International Commercial Joint Stock Bank is 16.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Viet Nam International Commercial Joint Stock Bank (VIB)?
The return on assets (ROA) of Viet Nam International Commercial Joint Stock Bank is 1.4% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of Viet Nam International Commercial Joint Stock Bank (VIB)?
The operating margin of Viet Nam International Commercial Joint Stock Bank is 51.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Viet Nam International Commercial Joint Stock Bank (VIB)?
Revenue at Viet Nam International Commercial Joint Stock Bank is growing +44.6% versus a year earlier (3y avg +1.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Viet Nam International Commercial Joint Stock Bank (VIB)?
Earnings per share at Viet Nam International Commercial Joint Stock Bank are growing +15.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Viet Nam International Commercial Joint Stock Bank (VIB) carry?
The net debt of Viet Nam International Commercial Joint Stock Bank is 2.6T VND (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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