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MBB.HM HAM Banks

Military Commercial Joint Stock Bank

$25 000,00
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Mcap
201,37T EUR
P/E
0,1x
EV / Rev
5,5x
Div yield
3,91 %
Op margin
ROE
20,4 %
Net margin
50,6 %
Debt / equity
2,20
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

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.

Classification62 %
SectorFinancials
Business sectorBanking & Investment Services
Industry groupBanking Services
IndustryBanks
ActivityCommercial Banks
Generated · model-assisted
Sell-side consensus
BUY9 analysts
9 buy0 hold0 sell
Avg 12m price target33 315,22

Analyst recommendations

9 analysts · consensus Buy
Buy9
Hold0
Sell0
12-month price target
33 315,22
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
0,1x
P/E
Analysts
Buy
9 analysts · indicative
Ownership
not yet wired
Profitability
20,4 %
return on equity
Quality
not yet scored

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.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning MBB.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to MBB.HM. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    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

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    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.

    Classification62 %
    SectorFinancials
    Business sectorBanking & Investment Services
    Industry groupBanking Services
    IndustryBanks
    ActivityCommercial Banks
    AI synthesis
    GENERATED
    — missing data
    Key takeaways
    • 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-assisted
    BULL CASE · 4

    Net 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.

    BEAR CASE · 4

    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

    Quarterly
    Annual
    QUARTERLYFiled 2026-01-28
    Q4 2025 · Quarter highlights

    Revenue VND 14.91T, +27,6% YoY; Net income +14,4% YoY.

    RevenueVND 14.91T+27,6 % YoY
    Operating income
    Net incomeVND 7.52T+14,4 % YoY
    Free cash flowVND 7.36T+8,2 % YoY
    EPS
    Operating cash flow-VND 64.97T−149,2 % YoY
    Financials
    Income statement
    RevenueVND 14.91T
    Gross profit
    Operating income
    Net incomeVND 7.52T
    Margins
    Gross margin
    Operating margin
    Net margin50.4%
    FCF margin49.4%
    Balance sheet
    Total assetsVND 1611.22T
    Total liabilitiesVND 1467.64T
    Total equityVND 143.58T
    Cash & equivalents
    Long-term debtVND 309.89T
    Cash flow
    Operating cash flow-VND 64.97T
    CapEx-VND 591.99B
    Free cash flowVND 7.36T
    SBC
    Highlights
    • Revenue VND 14.91T, +27,6% YoY
    • Net income +14,4% YoY
    • Free cash flow +8,2% YoY
    • Net margin 50.4%

    Valuation TTM

    Market price
    $25 000,00
    Market cap
    $1.43T
    Enterprise value
    $300.53T
    P/E
    0.1x
    Non-GAAP P/E
    EV / Revenue
    5.5x
    EV / Op income
    EV / OCF
    2.2x
    P / B
    0.0x
    P / Tangible book
    0.0x
    Tangible book
    $136.14T
    Net cash
    -$299.09T
    Current ratio
    Debt / equity
    2.2
    ROA
    1.7%
    ROE
    20.4%
    Cash conversion
    495.0%
    CapEx / revenue
    -3.2%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 44 %
    EPS
    Consensus EPS
    3 803,60
    Predicted surprise
    -0,07
    Beat probability
    44 %
    Analysts
    9
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    revision ratio -0,02 · as of 2026-07-06 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate3 803,60
    Revenueno estimateno estimate85,29T VND
    Operating incomeno estimateno estimate49,30T VND
    Full-year consensus mean (period as reported by source) · consensus in VND. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution9 analysts
    Strong buy6
    Buy3
    Hold0
    Sell0
    Strong sell0
    12-month price target$33 315,22 · Median $32 500,00
    Low $29 500,00High $40 000,00
    Operating income · consensus49,30T VND
    EPS surprise
    −12,6 %
    reported vs consensus · miss
    Revenue surprise
    −20,6 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$29 500,00
    Mean$33 315,22
    Median$32 500,00
    High$40 000,00
    Spot$25 000,00
    +33.3 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Net Margin50,6 %Above median
    ROE20,4 %Best in class
    Capex / Rev-3,2 %Above median
    D/E2,20Bottom quartile
    Cash Conv4,95Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Enterprise Value
      market_cap - net_cash
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Market Cap
      market_price * shares_outstanding_diluted
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    Source documents
    • 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

    Insider activity

    — missing data

    Short positioning

    2.2Mshares short-2.7% vs prior
    1.11days to cover
    31.0%short of daily vol
    26.3Kfails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    MBB.HMCanonical
    HAM · EUR

    Intel & risk

    PredictorBeat prob44 %Surprise-0,07Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.
    Relationship graph
    MBBJPMBACCBanks
    This companyPeerSector

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-01-28 21:38 UTCEARNINGSQuarterly results — Q4 2025 Revenue VND 14913.12B · Net VND 7515.51B
    2026-01-28 21:38 UTCEARNINGSAnnual results — FY 2026 Revenue VND 51610.12B · Net VND 26778.94B
    2025-10-28 00:05 UTCEARNINGSQuarterly results — Q3 2025 Revenue VND 14555.29B · Net VND 8762.57B
    2025-07-29 23:17 UTCEARNINGSQuarterly results — Q2 2025 Revenue VND 12990.52B · Net VND 5571.02B
    2025-04-25 17:09 UTCEARNINGSQuarterly results — Q1 2025 Revenue VND 12372.12B · Net VND 5877.60B
    2025-02-03 22:47 UTCEARNINGSQuarterly results — Q4 2024 Revenue VND 11692.18B · Net VND 6567.74B
    2025-02-03 22:47 UTCEARNINGSAnnual results — FY 2025 Revenue VND 41152.22B · Net VND 22633.76B
    2024-10-29 23:39 UTCEARNINGSQuarterly results — Q3 2024 Revenue VND 11142.18B · Net VND 6284.15B
    2024-08-05 16:45 UTCEARNINGSQuarterly results — Q2 2024 Revenue VND 10416.64B · Net VND 5790.16B
    2024-04-22 17:12 UTCEARNINGSQuarterly results — Q1 2024 Revenue VND 10531.11B · Net VND 6026.75B
    2024-01-31 00:23 UTCEARNINGSAnnual results — FY 2024 Revenue VND 38683.85B · Net VND 20676.79B
    2023-02-01 02:10 UTCEARNINGSAnnual results — FY 2023 Revenue VND 36023.12B · Net VND 17482.74B
    2022-01-28 14:31 UTCEARNINGSAnnual results — FY 2022 Revenue VND 26199.55B · Net VND 12697.08B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage