Financials Ho Chi Minh City DevelopmentCommercial Bank

Equities

HDB

VN000000HDB1

Banks

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
23,600 VND +4.89% Intraday chart for Ho Chi Minh City DevelopmentCommercial Bank +6.07% +16.26%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 27,026,544 37,851,973 61,343,335 40,058,282 58,718,777 68,736,194 - -
Enterprise Value (EV) 1 27,026,544 37,851,973 61,343,335 40,058,282 58,718,777 68,736,194 68,736,194 68,736,194
P/E ratio - - - - - - - -
Yield - - - 6.27% - 3.6% 3.81% 4.03%
Capitalization / Revenue 2.68 x 2.75 x 3.66 x 1.82 x 2.22 x 2.17 x 1.8 x 1.52 x
EV / Revenue 2.68 x 2.75 x 3.66 x 1.82 x 2.22 x 2.17 x 1.8 x 1.52 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.41 x 1.65 x 2.12 x 1.09 x - 1.26 x 1.06 x -
Nbr of stocks (in thousands) 2,908,512 2,863,801 2,858,381 2,888,215 2,892,551 2,912,551 - -
Reference price 2 9,292 13,217 21,461 13,870 20,300 23,600 23,600 23,600
Announcement Date 1/30/20 1/27/21 1/27/22 4/3/23 3/30/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,098,911 13,779,435 16,758,245 21,967,104 26,413,685 31,737,335 38,261,246 45,188,000
EBITDA - - - - - - - -
EBIT 1 6,307,497 7,606,606 10,375,477 13,336,395 17,284,483 20,239,760 24,693,197 30,322,000
Operating Margin 62.46% 55.2% 61.91% 60.71% 65.44% 63.77% 64.54% 67.1%
Earnings before Tax (EBT) - - - - - - - -
Net income - - - - - - - -
Net margin - - - - - - - -
EPS - - - - - - - -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - 869.6 - 850.0 900.0 950.0
Announcement Date 1/30/20 1/27/21 1/27/22 4/3/23 3/30/24 - - -
1VND in Million2VND
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2022 Q1 2022 Q2
Net sales 1 - - 5,581,552
EBITDA - - -
EBIT 1 - - 3,548,482
Operating Margin - - 63.58%
Earnings before Tax (EBT) - - -
Net income 2,099,179 1,918,399 -
Net margin - - -
EPS 733.9 669.9 -
Dividend per Share - - -
Announcement Date 7/30/20 4/28/22 7/29/22
1VND in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 20.8% 20.2% 23.3% 23.5% - 24.9% 23.5% 22.5%
ROA (Net income/ Total Assets) 1.62% 1.55% 1.75% 1.96% - 2.04% 2.09% 2.09%
Assets - - - - - - - -
Book Value Per Share 1 6,597 8,030 10,138 12,775 - 18,768 22,302 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/30/20 1/27/21 1/27/22 4/3/23 3/30/24 - - -
1VND
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
23,600 VND
Average target price
29,310 VND
Spread / Average Target
+24.20%
Consensus

Chiffre d''affaires - Rate of surprise

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  4. Financials Ho Chi Minh City DevelopmentCommercial Bank