Military Commercial Joint Stock Bank (MBB) - Net Assets
Based on the latest financial reports, Military Commercial Joint Stock Bank (MBB) has net assets worth ₫149.75 Trillion VND (≈ $5.69 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫1611.22 Trillion ≈ $61.22 Billion USD) and total liabilities (₫1461.48 Trillion ≈ $55.53 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MBB tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫149.75 Trillion |
| % of Total Assets | 9.29% |
| Annual Growth Rate | 23.57% |
| 5-Year Change | 127.29% |
| 10-Year Change | N/A |
| Growth Volatility | 2.45 |
Military Commercial Joint Stock Bank - Net Assets Trend (2019–2025)
This chart illustrates how Military Commercial Joint Stock Bank's net assets have evolved over time, based on quarterly financial data. See Military Commercial Joint Stock Bank defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Military Commercial Joint Stock Bank (2019–2025)
The table below shows the annual net assets of Military Commercial Joint Stock Bank from 2019 to 2025. For live valuation and market cap data, see market value of Military Commercial Joint Stock Bank.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫142.02 Trillion ≈ $5.40 Billion |
+21.32% |
| 2024-12-31 | ₫117.06 Trillion ≈ $4.45 Billion |
+21.04% |
| 2023-12-31 | ₫96.71 Trillion ≈ $3.67 Billion |
+21.48% |
| 2022-12-31 | ₫79.61 Trillion ≈ $3.02 Billion |
+27.41% |
| 2021-12-31 | ₫62.49 Trillion ≈ $2.37 Billion |
+24.72% |
| 2020-12-31 | ₫50.10 Trillion ≈ $1.90 Billion |
+25.61% |
| 2019-12-31 | ₫39.89 Trillion ≈ $1.52 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Military Commercial Joint Stock Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 113.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫32.58 Trillion | 23.93% |
| Other Components | ₫103.56 Trillion | 76.07% |
| Total Equity | ₫136.14 Trillion | 100.00% |
Military Commercial Joint Stock Bank Competitors by Market Cap
The table below lists competitors of Military Commercial Joint Stock Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ICICI Prudential Life Insurance Company Limited
NSE:ICICIPRULI
|
$7.68 Billion |
|
SHIMANO INC. UNSP.ADR/10
F:SHM1
|
$7.68 Billion |
|
MITSU.CH.GRP ADR/5
F:M3C0
|
$7.69 Billion |
|
Engie Brasil Energia S.A.
SA:EGIE3
|
$7.69 Billion |
|
Zhaojin Mining Industry Company Limited
F:ZVL
|
$7.68 Billion |
|
Corporacion Acciona Energias Renovables SA
MC:ANE
|
$7.68 Billion |
|
Qiagen NV
NYSE:QGEN
|
$7.68 Billion |
|
Torrent Power Limited
NSE:TORNTPOWER
|
$7.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Military Commercial Joint Stock Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 112,148,701,000,000 to 136,136,030,000,000, a change of 23,987,329,000,000 (21.4%).
- Net income of 26,778,939,000,000 contributed positively to equity growth.
- Dividend payments of 2,072,592,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫26.78 Trillion | +19.67% |
| Dividends Paid | ₫2.07 Trillion | -1.52% |
| Other Changes | ₫-719.02 Billion | -0.53% |
| Total Change | ₫- | 21.39% |
Book Value vs Market Value Analysis
This analysis compares Military Commercial Joint Stock Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.49x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.29x to 1.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫7626.03 | ₫25100.00 | x |
| 2020-12-31 | ₫9272.77 | ₫25100.00 | x |
| 2021-12-31 | ₫11425.75 | ₫25100.00 | x |
| 2022-12-31 | ₫14566.14 | ₫25100.00 | x |
| 2023-12-31 | ₫11716.78 | ₫25100.00 | x |
| 2024-12-31 | ₫13922.87 | ₫25100.00 | x |
| 2025-12-31 | ₫16900.81 | ₫25100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Military Commercial Joint Stock Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 42.09%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 11.87x
- Recent ROE (19.67%) is below the historical average (20.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 20.59% | 31.68% | 0.06x | 10.83x | ₫4.02 Trillion |
| 2020 | 17.25% | 29.72% | 0.06x | 10.33x | ₫3.47 Trillion |
| 2021 | 21.31% | 37.01% | 0.06x | 10.19x | ₫6.74 Trillion |
| 2022 | 23.02% | 39.67% | 0.06x | 9.59x | ₫9.89 Trillion |
| 2023 | 22.30% | 45.39% | 0.05x | 10.19x | ₫11.40 Trillion |
| 2024 | 20.18% | 42.67% | 0.05x | 10.07x | ₫11.42 Trillion |
| 2025 | 19.67% | 42.09% | 0.04x | 11.87x | ₫13.17 Trillion |
Industry Comparison
This section compares Military Commercial Joint Stock Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $62,699,759,777,778
- Average return on equity (ROE) among peers: 14.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Military Commercial Joint Stock Bank (MBB) | ₫149.75 Trillion | 20.59% | 9.76x | $7.68 Billion |
| Asia Commercial Bank (ACB) | $44.90 Trillion | 21.39% | 10.75x | $4.35 Billion |
| Joint Stock Commercial Bank for Investment and Development of Vietnam (BID) | $86.33 Trillion | 12.21% | 19.41x | $11.18 Billion |
| Vietnam JSCmmercial Bank for Industry and Trade (CTG) | $148.50 Trillion | 17.07% | 15.06x | $9.94 Billion |
| Vietnam Export Import Commercial Joint Stock Bank (EIB) | $25.10 Trillion | 13.25% | 8.55x | $1.50 Billion |
| Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) | $38.99 Trillion | 19.87% | 9.68x | $4.80 Billion |
| Lien Viet Post Joint Stock Commercial Bank (LPB) | $14.23 Trillion | 13.08% | 16.03x | $5.27 Billion |
| Sai Gon Ha Noi Commercial Joint Stock Bank (SHB) | $24.04 Trillion | 10.85% | 16.17x | $2.47 Billion |
| Sai Gon Thuong Tin Commercial Joint Stock Bank (STB) | $34.26 Trillion | 9.96% | 14.21x | $5.11 Billion |
| Vietnam Technological And Commercial Joint Stock Bank (TCB) | $147.94 Trillion | 14.55% | 5.62x | $8.55 Billion |
About Military Commercial Joint Stock Bank
Military Commercial Joint Stock Bank provides banking products and services in Vietnam. The company offers savings, current, special-numbered, escrow, special, and lump sum accounts; debit and credit card; business solution package; and MB Ageas life products. It also provides home, production and business, auto, consumer loans, as well as loan for securities advance and equitization loan; fund t… Read more