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Vietnam Prosperity Joint Stock Commercial Bank (VPB) Fair Value & Analysis

Financial Services · VN · Market cap 205T VND

VP Vietnam Prosperity Joint Stock Commercial Bank VPB · VN
Price25,000 VND
Fair Value51,600 VND
Upside+106.4%
Quality59/100
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Healthy Growth
Highly profitable · 50.2% net margin
generates free cash flow
1.89% dividend yield
Ranks above peers (9/12)
Wide moat 71/100
Evidence: High Range 38,700 VND – 64,500 VND Share as image

Fair value as of: Jul 16, 2026

From 6 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 53,400 VND to 51,600 VND (−3.4%) since Jun 26, 2026. Share price −9.9% over the past month.

A solid business, screening 106% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (38,700 VND). The market is more pessimistic than our downside scenario.
  • Solid quality (59/100) 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)

37,975 VND 12,683 VND Fair Value 51,600 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 12,683 VND – 37,975 VND · fair‑value band 38,700 VND – 64,500 VND · the 25,000 VND price screens below the 51,600 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Vietnam Prosperity Joint Stock Commercial Bank (VPB) currently trades at 25,000 VND, while our model-based Fair Value estimate is 51,600 VND, implying the stock looks roughly 106.4% undervalued today. The Quality Score stands at 59/100 (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, Vietnam Prosperity Joint Stock Commercial Bank generated revenue of 52.4T VND at a net margin of 50.2%. Revenue grew 34.7% year over year. It earns a return on equity of 15.8%. Net debt stands at 64.2T VND. Fundamentals as of Jul 16, 2026

Our scenario range runs from 38,700 VND (bear case) to 64,500 VND (bull case); at 25,000 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 35% below its 52-week high and 42% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 106%, VPB 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 21,115 VND 28,520 VND 91,365 VND 76
Gordon GGM 4,811 VND 10,503 VND 17,672 VND 70
P/E Multiple 29,481 VND 39,308 VND 49,135 VND 63
All 6 models by family
Dividend Discount
Gordon GGM 4,811 VND 10,503 VND 17,672 VND 70
DDM Multi-Stage 4,811 VND 8,604 VND 10,946 VND 61
Multiples
P/E Multiple 29,481 VND 39,308 VND 49,135 VND 63
P/B Multiple 22,221 VND 29,628 VND 37,035 VND 55
Asset-Based
NCAV (Graham) 10,581 VND 14,179 VND 21,163 VND 50
Economic Profit
Residual Income 21,115 VND 28,520 VND 91,365 VND 76

Widest divergence: Multiples (29,628 VND) versus Dividend Discount (8,604 VND). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 52.4T VND
Revenue growth (YoY) +34.7%
Net margin 50.2%
Return on equity 15.8%
Free cash flow 44.4T VND FY2025
P/E ratio 7.9
More key figures
Operating margin 65.8%
EPS (TTM) 3,315 VND
Dividend yield 1.9%
EPS growth (YoY) +59.1%
Net debt 64.2T VND FY2025

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 45

Profitability 46
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 51
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

Vietnam Prosperity Joint Stock Commercial Bank provides various banking products and services to organizations and individuals in Vietnam. It operates through Banking and Credit Granting, Finance Company, Asset and Liabilities Management, Securities, and Insurance segments.

Full company description

Vietnam Prosperity Joint Stock Commercial Bank provides various banking products and services to organizations and individuals in Vietnam. It operates through Banking and Credit Granting, Finance Company, Asset and Liabilities Management, Securities, and Insurance segments. The company offers deposit products, including current and savings accounts; term and demand deposits; loans, including unsecured and secured loans; bancassurance; and card services. It also provides tap and pay services, e-banking, mortgage and auto loan, debit and credit, payment gateway, card payment services, trade finance, online chiropractic and disbursement services, tax payment, import and export services, internet banking, and financial market products, as well as personal services, such as interbank money transfer, western union service, salary payment service, currency exchange service, counting service, foreign currency verification service. The company was formerly known as Vietnam Joint Sock Commercial Bank for Private Enterprises and changed its name to Vietnam Prosperity Joint Stock Commercial Bank in July 2010. Vietnam Prosperity Joint Stock Commercial Bank was founded in 1993 and is headquartered in Hanoi, Vietnam.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vietnam Prosperity Joint Stock Commercial Bank reported revenue of 74.9T VND in FY2025 versus 45.6T VND in FY2021, a compound +13.2%/yr. Reported net income was 24.0T VND in FY2025, compounding +19.6%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
74.9T VND
Latest YoY
+19.7%
Avg. growth/yr (3Y)
+8.8%
Avg. growth/yr (5Y)
+13.7%
Avg. growth/yr (6Y)
+13.2%
Revenue +13.2%/yr
FY21 45.6T VND
FY22 58.2T VND
FY23 50.1T VND
FY24 62.6T VND
FY25 74.9T VND
Net income +19.6%/yr
FY21 11.7T VND
FY22 18.2T VND
FY23 10.0T VND
FY24 15.8T VND
FY25 24.0T VND

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

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 59 · Above median
Fair Value upside +106% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 2% · Top 25%
Net margin (TTM) 50% · Top 25%
Operating margin (TTM) 66% · Top 25%
Revenue growth 35% · Top 25%
Dividend yield (TTM) 1.9% · Below median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 7.8× · Cheaper than 75% of peers
P/B 1.22× · Pricier than median
P/S (TTM) 3.91× · Pricier than median
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 100 · sector 39
FUTURE 100 · sector 44
PAST 63 · sector 41
HEALTH 0 · sector 85
DIVIDEND 38 · sector 49

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 Vietnam Prosperity Joint Stock Commercial Bank (VPB) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 51,600 VND versus a price of 25,000 VND, about +106% (undervalued).
What is the fair value of VPB?
Our model-based fair value for Vietnam Prosperity Joint Stock Commercial Bank is 51,600 VND (as of Jul 16, 2026), built from audited fundamentals. The current price is 25,000 VND.
What is the quality score of VPB?
Vietnam Prosperity Joint Stock Commercial Bank has a Quality Score of 59/100. 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 Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
Vietnam Prosperity Joint Stock Commercial Bank reported trailing-twelve-month revenue of about 52.4T VND (latest available figure, as of Jul 16, 2026).
What is the net profit margin of VPB?
The net profit margin of Vietnam Prosperity Joint Stock Commercial Bank is about 50.2%, meaning it keeps roughly 50.2% of revenue as net income. Based on the latest reported figures.
Does Vietnam Prosperity Joint Stock Commercial Bank pay a dividend?
Vietnam Prosperity Joint Stock Commercial Bank currently shows a dividend yield of about 1.93% relative to its recent price (as of Jul 16, 2026).

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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