Financials Vietnam Maritime CommercialBank

Equities

MSB

VN000000MSB9

Banks

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
13,600 VND +0.37% Intraday chart for Vietnam Maritime CommercialBank +1.12% +4.62%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 20,200,191 43,618,944 25,000,000 26,000,000 27,200,000 -
Enterprise Value (EV) 1 20,200,191 43,618,944 25,000,000 26,000,000 27,200,000 27,200,000
P/E ratio - - - 5.6 x - -
Yield - - - - - -
Capitalization / Revenue 2.81 x 7.02 x 2.34 x - 1.74 x 1.45 x
EV / Revenue 2.81 x 7.02 x 2.34 x - 1.74 x 1.45 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.2 x 2.01 x - - - -
Nbr of stocks (in thousands) 1,815,868 1,955,332 2,000,000 2,000,000 2,000,000 -
Reference price 2 11,124 22,308 12,500 13,000 13,600 13,600
Announcement Date 1/29/21 4/3/22 4/3/23 1/24/24 - -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 7,182,291 6,216,244 10,693,674 - 15,612,000 18,751,000
EBITDA - - - - - -
EBIT 1 3,596,558 - 6,265,710 - 9,484,000 11,447,000
Operating Margin 50.08% - 58.59% - 60.75% 61.05%
Earnings before Tax (EBT) 1 2,523,314 - - - 7,186,000 8,533,000
Net income 1 2,011,144 - - 4,644,214 5,749,000 6,826,000
Net margin 28% - - - 36.82% 36.4%
EPS - - - 2,322 - -
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 1/29/21 4/3/22 4/3/23 1/24/24 - -
1VND in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 12.7% 20.7% 19% - 16.8% 16.9%
ROA (Net income/ Total Assets) 1.21% 2.12% - - 2% 2%
Assets 1 166,844,533 - - - 287,450,000 341,300,000
Book Value Per Share 9,293 11,098 - - - -
Cash Flow per Share - - - - - -
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 1/29/21 4/3/22 4/3/23 1/24/24 - -
1VND in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
13,600 VND
Average target price
20,700 VND
Spread / Average Target
+52.21%
Consensus

Annual profits - Rate of surprise

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