Joint Stock Commercial Bank for Foreign Trade of Vietnam, (VCB) Fair Value & Analysis
Financial Services · VN · Market cap 489T VND
Fair value as of: Aug 13, 2026
From 6 valuation models · updated today
Fair value updated Aug 13, 2026, revised from 84,201 VND to 45,959 VND (−45.4%) since Jul 16, 2026. Share price −1.2% over the past month.
A solid business, but screening 21% overvalued on our models.
What matters now
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 34,861 VND – 76,000 VND · fair‑value band 34,469 VND – 57,448 VND · the 58,500 VND price screens above the 45,959 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Joint Stock Commercial Bank for Foreign Trade of Vietnam, (VCB) currently trades at 58,500 VND, while our model-based Fair Value estimate is 45,959 VND, implying the stock looks roughly 21.4% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Joint Stock Commercial Bank for Foreign Trade of Vietnam, generated revenue of 71.4T VND at a net margin of 50.3%. Revenue grew 13.2% year over year. It earns a return on equity of 16.4%. The stock trades on a trailing P/E of 14.8. Fundamentals as of Aug 13, 2026
Our scenario range runs from 34,469 VND (bear case) to 57,448 VND (bull case); at 58,500 VND, the current price sits above 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 26% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 47% fair-value upside, at -21%, VCB screens richer 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.
All 6 models by family
Widest divergence: Economic Profit (39,508 VND) versus Dividend Discount (6,686 VND). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 43
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
Joint Stock Commercial Bank for Foreign Trade of Vietnam, together with its subsidiaries, provides banking products and services in Vietnam. The company accepts short, medium, and long-term deposits from organizations and individuals; sale of gold bars; and engages in financial and office leasing, and money remittance activities.
Full company description
Joint Stock Commercial Bank for Foreign Trade of Vietnam, together with its subsidiaries, provides banking products and services in Vietnam. The company accepts short, medium, and long-term deposits from organizations and individuals; sale of gold bars; and engages in financial and office leasing, and money remittance activities. It also provides account services; digital banking services; payment, corporate, and credit cards; consumer, home, auto, and business loans; and investment and savings insurance. In addition, the company offers money payment and cash flow management services, such as business accounts, cash flow management, trade finance, fund transfer, and corporate cards; SME loans, such as credit by industry, short, medium, and long-term loans; guarantee services; foreign exchange and capital market services, such as forex trading, interest rate derivatives, and commodity derivatives; digital banking; supply chain solutions; and consulting and investment services. The company was formerly known as Bank for Foreign trade of Vietnam. Joint Stock Commercial Bank for Foreign Trade of Vietnam was founded in 1963 and is headquartered in Hanoi, Vietnam.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Joint Stock Commercial Bank for Foreign Trade of Vietnam, reported revenue of 69.1T VND in FY2025 versus 54.8T VND in FY2021, a compound +6.0%/yr. Reported net income was 35.2T VND in FY2025, compounding +12.6%/yr from FY2021.
VCB screens 21% overvalued. Compare with PT Bank Central Asia Tbk →
Peer Group
Banks - Regional · 1086 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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Bank Central Asia Tbk BBCA | 6,350 IDR | 4,637 IDR | -27% |
| KB Financial Group 105560 | 168,100 KRW | 220,258 KRW | +31% |
| PT Bank Rakyat Indonesia (Persero) Tbk BBRI | 3,110 IDR | 3,792 IDR | +22% |
| PT Bank Mandiri (Persero) Tbk BMRI | 4,130 IDR | 6,067 IDR | +47% |
| Banco Bradesco S.A BBD | 5,120 ARS | 8,400 ARS | +64% |
| Shinhan Financial Group 055550 | 103,800 KRW | 146,032 KRW | +41% |
| Hana Financial Group 086790 | 127,900 KRW | 210,506 KRW | +65% |
| Lloyds Banking Group LYG | 4,138 ARS | 8,275 ARS | +100% |
| Banco de Chile, CHILE | 186.85 CLP | 121.18 CLP | -35% |
| Woori Financial Group 316140 | 33,000 KRW | 60,758 KRW | +84% |
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Frequently asked questions
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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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