ScoreWhy is Vietnam Maritime Commercial Joint Stock Bank ?
1
High Management Efficiency with a high ROA of 1.55%
2
Strong Long Term Fundamental Strength with an average Return on Assets (ROA) of 1.55%
3
Healthy long term growth as Net Interest Income (ex other income) has grown by an annual rate of 0% and Net profit at 29.11%
4
Flat results in Sep 25
- GROSS NPA (%)(Q) Highest at 2.12%
- CREDIT DEPOSIT RATIO(HY) Lowest at 146.9%
5
With ROA of 1.22%, it has a attractive valuation with a 0.86 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 23.19%, its profits have risen by 7.7%
6
Underperformed the market in the last 1 year
- The stock has generated a return of 23.19% in the last 1 year, much lower than market (Vietnam VN Ho Chi Minh Index) returns of 43.59%
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to Vietnam Maritime Commercial Joint Stock Bank should be less than 10%
- Overall Portfolio exposure to Regional Banks should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Regional Banks)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Vietnam Maritime Commercial Joint Stock Bank for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Vietnam Maritime Commercial Joint Stock Bank
45.26%
0.03
38.15%
Vietnam VN Ho Chi Minh Index
16.45%
1.90
22.90%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
17.30%
EBIT Growth (5y)
12.93%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
0
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0
ROE (avg)
0
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
9
Industry P/E
Price to Book Value
1.14
EV to EBIT
32.36
EV to EBITDA
31.74
EV to Capital Employed
1.03
EV to Sales
9.46
PEG Ratio
NA
Dividend Yield
0.40%
ROCE (Latest)
3.18%
ROE (Latest)
12.01%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
Mildly Bullish
OBV
No Trend
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend13What is working for the Company
NII(Q)
Highest at VND 3,197,509 MM
OPERATING CASH FLOW(Y)
Highest at VND 11,971,460 MM
NET SALES(Q)
Highest at VND 6,775,322 MM
GROSS NPA (%)
(Q
CASH AND EQV(HY)
Highest at VND 18,564,421 MM
-2What is not working for the Company
INTEREST(9M)
At VND 9,299,705 MM has Grown at 35.65%
Here's what is working for Vietnam Maritime Commercial Joint Stock Bank
NII
Highest at VND 3,197,509 MM and Grown
In each period in the last five periodsMOJO Watch
The bank's income from core business is increasing
Net NPA
Net Sales
Highest at VND 6,775,322 MM and Grown
In each period in the last five periodsMOJO Watch
Near term sales trend is very positive
Net Sales (VND MM)
Non Performing Loans (%)
Lowest at 1.92%
in the last four Semi-Annual periodsMOJO Watch
Proportion of stressed loans given by the bank are falling
Non Performing Loans (%)
Operating Cash Flow
Highest at VND 11,971,460 MM
in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (VND MM)
Net Sales
At VND 6,775,322 MM has Grown at 25.46%
over average net sales of the previous four periods of VND 5,400,312.75 MMMOJO Watch
Near term sales trend is positive
Net Sales (VND MM)
Cash and Eqv
Highest at VND 18,564,421 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Depreciation
Highest at VND 37,650 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (VND MM)
Here's what is not working for Vietnam Maritime Commercial Joint Stock Bank
Interest
At VND 9,299,705 MM has Grown at 35.65%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
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