| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
TCB Stock Overview
Vietnam Technological and Commercial Joint Stock Bank provides personal and corporate banking products and services in Vietnam.
Vietnam Technological and Commercial Bank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₫35,500.00 |
| 52 Week High | ₫58,600.00 |
| 52 Week Low | ₫32,550.00 |
| Beta | 0.95 |
| 1 Month Change | -2.74% |
| 3 Month Change | -27.92% |
| 1 Year Change | -31.20% |
| 3 Year Change | 74.45% |
| 5 Year Change | n/a |
| Change since IPO | 4.00% |
Recent News & Updates
Shareholder Returns
| TCB | VN Banks | VN Market | |
|---|---|---|---|
| 7D | 2.9% | -2.1% | -3.9% |
| 1Y | -31.2% | -21.9% | -13.7% |
Return vs Industry: TCB underperformed the VN Banks industry which returned -21.9% over the past year.
Return vs Market: TCB underperformed the VN Market which returned -13.7% over the past year.
Price Volatility
| TCB volatility | |
|---|---|
| TCB Average Weekly Movement | 6.4% |
| Banks Industry Average Movement | 6.5% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in VN Market | 11.0% |
| 10% least volatile stocks in VN Market | 4.5% |
Stable Share Price: TCB is not significantly more volatile than the rest of VN stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TCB's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 12,311 | Jens Lottner | https://www.techcombank.com.vn |
Vietnam Technological and Commercial Joint Stock Bank provides personal and corporate banking products and services in Vietnam. The company offers personal banking products and services include current accounts, payroll accounts, and savings and term deposits; loans, such as study, mortgage, auto, consumer, household business, securities pledged, and valuable paper pledged loans; credit and debit cards; ATM, international money transfer, payment, and e-banking services; and bancassurance products, such as life, non-life, and bundled insurance. It also provides corporate banking products and services comprise term and non-fixed deposits; tailored account packages; working capital loans, medium and long-term loans, and supply chain financing; import, export, and domestic trade finance services; loan, payment, tax, bid, performance, warranty, and other guarantees; and international fund transfer services.
Vietnam Technological and Commercial Bank Fundamentals Summary
| TCB fundamental statistics | |
|---|---|
| Market Cap | ₫124.64t |
| Earnings (TTM) | ₫19.12t |
| Revenue (TTM) | ₫36.22t |
6.5x
P/E Ratio1.3x
P/B RatioIs TCB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TCB income statement (TTM) | |
|---|---|
| Revenue | ₫36.22t |
| Cost of Revenue | ₫0 |
| Gross Profit | ₫36.22t |
| Other Expenses | ₫17.10t |
| Earnings | ₫19.12t |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.45k |
| Gross Margin | 100.00% |
| Net Profit Margin | 52.79% |
| Debt/Equity Ratio | 112.2% |
How did TCB perform over the long term?
See historical performance and comparisonValuation
Is TCB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TCB?
Other financial metrics that can be useful for relative valuation.
| What is TCB's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | ₫124.64t |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.4x |
Price to Earnings Ratio vs Peers
How does TCB's PE Ratio compare to its peers?
| TCB PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10x |
Price-To-Earnings vs Peers: TCB is good value based on its Price-To-Earnings Ratio (6.5x) compared to the peer average (10x).
Price to Earnings Ratio vs Industry
How does TCB's PE Ratio compare vs other companies in the Banks Industry?
Price-To-Earnings vs Industry: TCB is good value based on its Price-To-Earnings Ratio (6.5x) compared to the VN Banks industry average (9x)
Price to Earnings Ratio vs Fair Ratio
What is TCB'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 6.5x |
| Fair PE Ratio | 13.8x |
Price-To-Earnings vs Fair Ratio: TCB is good value based on its Price-To-Earnings Ratio (6.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).
Share Price vs Fair Value
What is the Fair Price of TCB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TCB (₫35500) is trading below our estimate of fair value (₫71645.3)
Significantly Below Fair Value: TCB is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: TCB is good value based on its PEG Ratio (0.4x)
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Future Growth
How is Vietnam Technological and Commercial Bank forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
14.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCB's forecast earnings growth (14.8% per year) is above the savings rate (3.9%).
Earnings vs Market: TCB's earnings (14.8% per year) are forecast to grow slower than the VN market (21.2% per year).
High Growth Earnings: TCB's earnings are forecast to grow, but not significantly.
Revenue vs Market: TCB's revenue (17.3% per year) is forecast to grow faster than the VN market (17.2% per year).
High Growth Revenue: TCB's revenue (17.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TCB's Return on Equity is forecast to be low in 3 years time (19.9%).
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Past Performance
How has Vietnam Technological and Commercial Bank performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
26.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TCB has a high level of non-cash earnings.
Growing Profit Margin: TCB's current net profit margins (52.8%) are higher than last year (51.8%).
Past Earnings Growth Analysis
Earnings Trend: TCB's earnings have grown significantly by 26.6% per year over the past 5 years.
Accelerating Growth: TCB's earnings growth over the past year (34.3%) exceeds its 5-year average (26.6% per year).
Earnings vs Industry: TCB earnings growth over the past year (34.3%) exceeded the Banks industry 30.3%.
Return on Equity
High ROE: TCB's Return on Equity (19.8%) is considered low.
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Financial Health
How is Vietnam Technological and Commercial Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: TCB's Assets to Equity ratio (6.2x) is low.
Allowance for Bad Loans: TCB has a sufficient allowance for bad loans (263%).
Low Risk Liabilities: 75% of TCB's liabilities are made up of primarily low risk sources of funding.
Loan Level: TCB has an appropriate level of Loans to Assets ratio (65%).
Low Risk Deposits: TCB's Loans to Deposits ratio (103%) is appropriate.
Level of Bad Loans: TCB has an appropriate level of bad loans (0.3%).
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Dividend
What is Vietnam Technological and Commercial Bank current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.46%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TCB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TCB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TCB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TCB's dividend payments have been increasing.
Current Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TCB's dividend in 3 years as they are not forecast to pay a notable one for the VN market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average management tenure
CEO
Jens Lottner (55 yo)
1.83yrs
Tenure
Dr. Jens Lottner serves as Chief Executive Officer, General Manager and Member of Management Board at Vietnam Technological and Commercial Joint Stock Bank since August 18, 2020. He served as Chief Financi...
Leadership Team
Experienced Management: TCB's management team is considered experienced (2.4 years average tenure).
Board Members
Experienced Board: TCB's board of directors are considered experienced (9.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Vietnam Technological and Commercial Joint Stock Bank's employee growth, exchange listings and data sources
Key Information
- Name: Vietnam Technological and Commercial Joint Stock Bank
- Ticker: TCB
- Exchange: HOSE
- Founded: 1993
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: ₫124.637t
- Shares outstanding: 3.51b
- Website: https://www.techcombank.com.vn
Number of Employees
Location
- Vietnam Technological and Commercial Joint Stock Bank
- Techcombank Tower
- 191 Ba Trieu Street
- Hanoi
- Vietnam
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/24 00:00 |
| End of Day Share Price | 2022/06/24 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.