Military Commercial Joint Stock Bank
Military Commercial Joint Stock Bank operates as a commercial bank within the Vietnamese financial sector, generating revenue through interest income and banking services.
Business. Military Commercial Joint Stock Bank (MBB.HM) is a commercial bank operating within the Banking Services industry. The company generates revenue primarily through interest income, consistent with standard commercial banking models. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data. Consequently, the firm is described at the industry level as a participant in the broader financial services sector.
Analyst recommendations
9 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Peers
- DividendDividend USD 1.75/sh2026-09-25 · Bank of America (BAC)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · JPMorgan Chase (JPM)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · Citigroup (C)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Military Commercial Joint Stock Bank (MBB.HM) is a commercial bank operating within the Banking Services industry. The company generates revenue primarily through interest income, consistent with standard commercial banking models. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data. Consequently, the firm is described at the industry level as a participant in the broader financial services sector.
- The bank trades at a P/E of 0.05 and P/B of 0.01, indicating extreme undervaluation relative to book and earnings.
- ROE of 20.37% demonstrates high profitability efficiency despite high leverage (D/E 2.2).
- Analyst consensus is overwhelmingly positive (1.33 mean recommendation) with price targets significantly above the current market price.
- Liquidity risk is medium due to negative net cash after debt, requiring careful monitoring of cash flow generation.
- Dilution risk is low with no difference between basic and diluted share counts.
Bull / Bear case
Generated · model-assistedNet income grew 20.5% annually over four years, reaching 26.8 trillion VND in FY2026.
Return on equity of 20.4% ranks best-in-class among 975 bank peers.
Analysts project 33.3% upside to a mean price target of 33,315 VND.
Total assets expanded 27.7% annually over four years, indicating strong balance sheet growth.
Debt-to-equity ratio of 2.2 places the bank in the bottom quartile of peers.
Long-term debt surged to 299 trillion VND in FY2026, up from 113 trillion in FY2022.
The company faces a medium level of liquidity risk according to risk assessments.
Price-to-book ratio of 0.01 suggests significant market skepticism regarding asset valuation.
In focus — financials by report
Revenue VND 14.91T, +27,6% YoY; Net income +14,4% YoY.
- ▍Revenue VND 14.91T, +27,6% YoY
- ▍Net income +14,4% YoY
- ▍Free cash flow +8,2% YoY
- ▍Net margin 50.4%
Revenue VND 14.56T, +30,6% YoY; Net income +39,4% YoY.
- ▍Revenue VND 14.56T, +30,6% YoY
- ▍Net income +39,4% YoY
- ▍Free cash flow +46,2% YoY
- ▍Net margin 60.2%
Revenue VND 12.99T, +24,7% YoY; Net income −3,8% YoY.
- ▍Revenue VND 12.99T, +24,7% YoY
- ▍Net income −3,8% YoY
- ▍Free cash flow −37,8% YoY
- ▍Net margin 42.9%
Revenue VND 12.37T, +17,5% YoY; Net income −2,5% YoY.
- ▍Revenue VND 12.37T, +17,5% YoY
- ▍Net income −2,5% YoY
- ▍Free cash flow −4,9% YoY
- ▍Net margin 47.5%
Revenue VND 11.69T; Net margin 56.2%.
- ▍Revenue VND 11.69T
- ▍Net margin 56.2%
Revenue VND 11.14T; Net margin 56.4%.
- ▍Revenue VND 11.14T
- ▍Net margin 56.4%
Revenue VND 10.42T; Net margin 55.6%.
- ▍Revenue VND 10.42T
- ▍Net margin 55.6%
Revenue VND 10.53T; Net margin 57.2%.
- ▍Revenue VND 10.53T
- ▍Net margin 57.2%
Revenue VND 51.61T, +25,4% YoY; Net income +18,3% YoY.
- ▍Revenue VND 51.61T, +25,4% YoY
- ▍Net income +18,3% YoY
- ▍Free cash flow +26,8% YoY
- ▍Net margin 51.9%
Revenue VND 41.15T, +6,4% YoY; Net income +9,5% YoY.
- ▍Revenue VND 41.15T, +6,4% YoY
- ▍Net income +9,5% YoY
- ▍Free cash flow +4,7% YoY
- ▍Net margin 55.0%
Revenue VND 38.68T, +7,4% YoY; Net income +18,3% YoY.
- ▍Revenue VND 38.68T, +7,4% YoY
- ▍Net income +18,3% YoY
- ▍Free cash flow +4,8% YoY
- ▍Net margin 53.5%
Revenue VND 36.02T, +37,5% YoY; Net income +37,7% YoY.
- ▍Revenue VND 36.02T, +37,5% YoY
- ▍Net income +37,7% YoY
- ▍Free cash flow +35,9% YoY
- ▍Net margin 48.5%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 3 803,60 |
| Revenue | —no estimate | —no estimate | 85,29T VND |
| Operating income | —no estimate | —no estimate | 49,30T VND |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Enterprise Valuemarket_cap - net_cash
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Capmarket_price * shares_outstanding_diluted
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Military Commercial Joint Stock Bank Market data — financials · 2026-07-06
- Military Commercial Joint Stock Bank Market data — analyst estimates · 2026-07-06
Ownership & reference
Leadership
- Christof NesemeierExecutive Chairman of the Board