Military Commercial Joint Stock Bank

Military Commercial Joint Stock Bank

HHOSE:MBB
19,900.00
VND
-100.00
(-0.50%)
194.53TMarket Cap
Dec 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1,198.06
1,267.92
1,116.06
943
1,469.62
2,211.64
2,853.99
2,919.05
3,770.38
4,841.25
4,993.47
5,275.77
6,869.34
- -
Basic EPS, GAAP
380.53
390.27
353.85
337.99
403.32
688.82
904.02
920.33
1,395.38
1,920.71
2,266.39
2,251.3
2,891.3
- -
Free Cash Flow per Basic Share
-2,505.56
1,368.76
346.97
-407.29
2,750.5
238.97
22.11
1,550.09
352.6
14.09
4,344.87
-2,076.67
14,638.17
8,651.67
Dividend per Share
177.64
127.92
82
2.58
120.84
123.12
150.72
- -
- -
- -
248.49
279.13
223.78
- -
Book Value per Share
2,387.69
2,610.4
2,657.95
2,932.78
3,228
3,740.62
4,368.47
5,311.78
6,545.08
8,344.01
10,188.5
12,106.84
14,696.36
16,121.45
Tangible Book Value per Share
2,207.81
2,428.79
2,516.71
2,813.8
3,102.73
3,605.42
4,228.99
5,170.96
6,380
8,163.34
10,004.06
11,924.48
14,500.85
15,925.88
Basic Weighted Avg Shares
5,981
6,344
7,054
8,615
8,727
8,874
8,653
8,978
9,099
9,102
9,123
10,054
9,262
9,365
Sales/Revenue/Turnover
7,165,686
8,044,047
7,872,445
8,124,038
12,824,927
19,626,506
24,696,417
26,207,100
34,307,985
44,066,195
45,556,617
53,040,612
63,623,028
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
245,603
271,515
296,267
328,118
377,243
369,448
393,579
625,563
1,086,194
1,277,145
1,462,673
1,623,989
1,159,215
- -
Net Income, GAAP
2,275,966
2,475,969
2,495,993
2,911,803
3,519,627
6,112,714
7,822,773
8,262,659
12,697,075
17,482,735
20,676,788
22,633,757
26,778,939
- -
Effective Tax Rate (%)
24.35
21.14
22
21.01
24.38
20.31
19.6
19.48
20
20.12
19.97
20.39
20.09
- -
Profit Margin (%)
31.76
30.78
31.71
35.84
27.44
31.15
31.68
31.53
37.01
39.67
45.39
42.67
42.09
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
13,434,312
5,862,248
6,713,845
14,464,495
16,208,165
31,255,550
47,354,652
77,023,228
114,575,370
130,638,320
160,260,556
162,411,461
255,531,101
334,762,376
Total Equity
15,707,066
17,148,212
23,183,051
26,588,446
29,601,170
34,172,858
39,885,814
50,099,495
62,486,023
79,613,219
96,711,159
117,059,581
142,022,525
156,762,644
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
7.38
9.39
9.37
8.29
8.17
10.85
9.93
7.39
8
8.68
8.69
8.32
7.73
- -
Return on Common Equity (%)
16.25
15.62
12.75
12.15
13.15
20.1
22.15
19.24
23.63
25.8
24.51
22.09
21.57
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9,263
9,263
9,263
Market Capitalization
195,300,185
204,177,466
194,528,248

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
239,279,240
170,035,565
187,417,437
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.98%
23.19%
21.32%
Free Cash Flow
3,570.42%
5,947.86%
-749.38%
Net Income, GAAP
28.22%
27.48%
18.31%
Sales/Revenue/Turnover
24.52%
19.82%
19.95%
Total Cash Common Dividend
- -
- -
-26.14%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,766,938
14,129,248
12,703,765
16,563,511
53,040,612
2025
14,294,579
17,245,678
- -
19,527,946
63,623,028
2026
16,694,508
19,781,510
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
496.83
662.12
627.34
678.4
2,251.3
2025
709.01
634.51
- -
945.95
2,891.3
2026
811.33
850.99
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
17.57
279.13
2025
- -
- -
- -
- -
223.78
2026
- -
- -
- -
- -
- -

Company Description

CEO
Anh Nhu Pham
Full Time Employees
18,836
Sector
Finance
Industry
Regional banks
Address
Ha Noi Vietnam
IPO Date
Oct 18, 2011
Business
Military Commercial Joint Stock Bank is a Vietnam-based financial services group that provides comprehensive retail banking, corporate and investment banking, treasury, insurance, securities brokerage, and asset management services. Established in 1994 and headquartered in Hanoi, Vietnam, the bank operates under the auspices of the Ministry of National Defence and the State Bank of Vietnam, serving individual retail consumers, micro, small, and medium-sized enterprises, large domestic and multinational corporations, state-owned institutions, and military-affiliated commercial entities. The bank offers a systematically diversified portfolio of financial products and services, including: deposit and savings products comprising demand deposits, fixed-term deposits, accumulative savings accounts, and certificates of deposit; consumer financing and retail lending facilities encompassing residential mortgage loans, automobile financing, personal unsecured loans, education loans, and overdraft credit; corporate lending solutions consisting of working capital loans, project financing, syndicated facilities, and structured supply chain financing; transaction banking and cash management services including electronic collections, automated disbursements, payroll processing, and multi-entity liquidity pooling; trade finance and international settlements comprising import-export letters of credit, documentary collections, customs guarantees, and performance bonds; treasury, foreign exchange, and market solutions including spot and forward currency contracts, interest rate swaps, commodity hedging, and government and corporate bond trading; payment card products including domestic debit cards, international Visa, Mastercard, and JCB credit cards, and hybrid payment instruments under the MB Hi Collection brand; digital banking solutions delivered via the MBBank consumer mobile application and the BIZ MBBank enterprise portal; investment banking and securities brokerage services through MB Securities Joint Stock Company; consumer installment credit and microfinance solutions through MB Shinsei Consumer Finance Company Limited; life insurance policies through MB Ageas Life Insurance Company Limited; non-life and casualty insurance underwriting through Military Insurance Corporation; fund management and collective investment schemes through MB Capital Management Joint Stock Company; and distressed debt management through MB Asset Management Company. The group conducts its primary operations across Vietnam through a nationwide branch and transaction office network, complemented by international branch and subsidiary operations in Laos and Cambodia. In recent developments, the bank executed the mandatory acquisition and restructuring of Ocean Commercial One Member Limited Liability Bank under the supervision of the State Bank of Vietnam, officially rebranding the acquired entity as Modern Bank of Vietnam Limited and appointing new corporate governance to lead its operational integration. To support balance sheet expansion and strengthen Tier 1 capital ratios, the bank implemented a strategic capital enlargement plan to raise its charter capital past VND 100 trillion through a combination of stock dividend issuances, shareholder rights offerings, and private placements to institutional investors. In digital operations, the group launched new digital asset initiatives in partnership with international industry leaders, integrated advanced biometric authentication protocols into its digital channels, and expanded automated supply-chain finance functionalities on its enterprise platform. Concurrently, the group advanced its regional expansion strategy across Indochina, including the restructuring of its Cambodian presence into a commercial banking subsidiary to enhance cross-border trade finance and payment corridors.