Asia Commercial Joint Stock Bank

HOSE:ACB Stock Report

Market Cap: ₫114.1t

Asia Commercial Bank Valuation

Is ACB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ACB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ACB (₫25550) is trading below our estimate of fair value (₫49017.33)

Significantly Below Fair Value: ACB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ACB?

Key metric: As ACB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ACB. This is calculated by dividing ACB's market cap by their current earnings.
What is ACB's PE Ratio?
PE Ratio7.1x
Earnings₫16.10t
Market Cap₫114.12t

Price to Earnings Ratio vs Peers

How does ACB's PE Ratio compare to its peers?

The above table shows the PE ratio for ACB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.9x
MBB Military Commercial Bank
5.7x17.0%₫131.6t
LPB Fortune Vietnam Commercial Bank
15.6xn/a₫86.7t
HDB Ho Chi Minh City Development Commercial Bank
6.5xn/a₫84.4t
STB Saigon Thuong Tin Commercial Bank
7.8x25.0%₫69.9t
ACB Asia Commercial Bank
7.1x13.8%₫114.1t

Price-To-Earnings vs Peers: ACB is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (8.9x).

Price to Earnings Ratio vs Industry

How does ACB's PE Ratio compare vs other companies in the Asian Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ACB 7.1xIndustry Avg. 8.9xNo. of Companies82PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ACB is good value based on its Price-To-Earnings Ratio (7.1x) compared to the Asian Banks industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is ACB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ACB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.1x
Fair PE Ratio8.1x

Price-To-Earnings vs Fair Ratio: ACB is good value based on its Price-To-Earnings Ratio (7.1x) compared to the estimated Fair Price-To-Earnings Ratio (8.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ACB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₫25,550.00
₫30,455.33
+19.2%
7.0%₫33,400.00₫27,100.00n/a12
Dec ’25₫25,200.00
₫30,338.67
+20.4%
6.6%₫33,133.00₫27,100.00n/a12
Nov ’25₫24,900.00
₫30,210.33
+21.3%
6.8%₫33,133.00₫27,400.00n/a9
Oct ’25₫25,750.00
₫29,599.95
+15.0%
6.2%₫33,133.00₫27,400.00n/a10
Sep ’25₫24,800.00
₫29,285.65
+18.1%
5.0%₫32,000.00₫27,400.00n/a9
Aug ’25₫23,950.00
₫30,676.96
+28.1%
14.8%₫43,615.65₫27,400.00n/a10
Jul ’25₫23,800.00
₫31,092.13
+30.6%
14.8%₫43,615.65₫27,700.00n/a9
Jun ’25₫24,650.00
₫31,144.73
+26.3%
14.8%₫43,615.65₫27,739.13n/a9
May ’25₫23,347.83
₫30,439.42
+30.4%
15.7%₫43,615.65₫26,782.61n/a9
Apr ’25₫24,739.13
₫29,128.02
+17.7%
18.5%₫43,615.65₫24,797.39n/a9
Mar ’25₫24,173.91
₫28,915.46
+19.6%
18.8%₫43,615.65₫24,797.39n/a9
Feb ’25₫22,608.70
₫27,997.83
+23.8%
19.7%₫43,615.65₫22,173.91n/a10
Jan ’25₫20,782.61
₫27,284.26
+31.3%
21.2%₫43,616.52₫22,086.96n/a10
Dec ’24₫19,086.96
₫27,284.26
+42.9%
21.2%₫43,616.52₫22,086.96₫25,200.0010
Nov ’24₫18,782.61
₫26,418.52
+40.7%
14.3%₫36,344.35₫22,086.96₫24,900.0010
Oct ’24₫19,000.00
₫26,184.61
+37.8%
14.4%₫36,344.35₫22,086.96₫25,750.0010
Sep ’24₫19,652.17
₫25,796.21
+31.3%
12.8%₫34,460.00₫22,086.96₫24,800.0010
Aug ’24₫19,869.57
₫25,200.67
+26.8%
15.1%₫34,460.00₫21,140.26₫23,950.0010
Jul ’24₫19,173.91
₫26,011.63
+35.7%
14.5%₫34,460.00₫21,140.26₫23,800.0010
Jun ’24₫18,608.70
₫25,424.39
+36.6%
11.5%₫30,194.33₫21,140.26₫24,650.008
May ’24₫18,298.68
₫25,216.45
+37.8%
11.8%₫30,194.33₫21,140.26₫23,347.838
Apr ’24₫18,903.59
₫25,189.31
+33.3%
12.6%₫30,194.33₫21,140.26₫24,739.137
Mar ’24₫19,017.01
₫24,715.50
+30.0%
12.6%₫30,194.33₫21,140.26₫24,173.918
Feb ’24₫19,054.82
₫24,325.14
+27.7%
13.8%₫30,194.33₫19,886.58₫22,608.709
Jan ’24₫16,559.55
₫24,671.46
+49.0%
12.9%₫30,194.33₫19,886.58₫20,782.619
Dec ’23₫17,013.23
₫25,238.81
+48.3%
13.5%₫30,194.33₫19,886.58₫19,086.9610

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 03:30
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Asia Commercial Joint Stock Bank is covered by 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tram Huynh NguyenBao Viet Securities Joint Stock Company
Hoang NguyenBao Viet Securities Joint Stock Company
Trong QuanCGS International