Vietnam Maritime Commercial Joint Stock Bank (HOSE:MSB)

Vietnam · Delayed Price · Currency is VND

16,200

+450 (2.86%)

At close: Nov 3, 2026

HOSE:MSB Financials Overview

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	13,064,797	12,126,077	12,133,777	10,642,241	10,215,167	9,020,376
Revenue Growth	4.37%	-0.06%	14.02%	4.18%	13.25%	47.65%
Net Income	6,265,274	5,628,520	5,519,377	4,644,214	4,473,713	4,034,740
Earnings Per Share	1673.32	1503.34	1474.19	1240.44	1202.77	1104.97
EPS Growth	16.13%	1.98%	18.84%	3.13%	8.85%	86.77%

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Offsetting Intercompany Transactions	-108
Banking and Finance	11,406,542
Total	11,406,434

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	65,276,469	62,651,106	55,453,074	52,324,338	31,225,210	21,456,779
Total Debt	44,608,687	82,587,118	63,564,039	41,335,534	33,648,369	48,093,290
Net Cash (Debt)	20,667,782	-19,936,012	-8,110,965	10,988,804	-2,423,159	-26,636,511
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	5519.92	-5324.79	-2166.39	2935.04	-651.47	-7294.81

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-23,071,838	-30,365,867	-18,113,128	6,755,832	-11,775,974	-3,044,689
Capital Expenditures	-318,915	-188,824	-149,963	-120,062	-174,712	-100,466
Free Cash Flow	-23,390,753	-30,554,691	-18,263,091	6,635,770	-11,950,686	-3,145,155
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Profit Margin	47.95%	46.42%	45.49%	43.64%	43.80%	44.73%
FCF Margin	-179.04%	-251.98%	-150.51%	62.35%	-116.99%	-34.87%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 3, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	9.68	6.87	5.49	5.60	5.59	10.98
Forward PE	-	4.53	5.21	4.28	4.76	9.10
P/FCF Ratio	-	-	-	3.92	-	-
PS Ratio	4.64	3.19	2.50	2.44	2.45	4.91