By Helgi Library - March 1, 2020
HDBank's non-performing loans reached 1.36% of total loans at the end of 2019-12-31, down from 1.53% compared to the previous yea...
By Helgi Library - March 1, 2020
HDBank's non-performing loans reached 1.36% of total loans at the end of 2019-12-31, down from 1.53% compared to the previous yea...
By Helgi Library - March 1, 2020
HDBank made a net profit of VND 1,121 bil in the fourth quarter of 2019, up 43.8% when compared to the same period of last year. ...
| Profit Statement | Jun 2019 | Sep 2019 | Dec 2019 | |
| Net Interest Income | VND bil | 2,351 | 2,505 | 2,888 |
| Net Fee Income | VND bil | 144 | 149 | 161 |
| Other Income | VND bil | 297 | 252 | 365 |
| Total Revenues | VND bil | 2,792 | 2,906 | 3,413 |
| Staff Cost | VND bil | 680 | 672 | 653 |
| Operating Profit | VND bil | 1,463 | 1,631 | 2,048 |
| Provisions | VND bil | 306 | 349 | 407 |
| Net Profit | VND bil | 786 | 899 | 1,121 |
| Balance Sheet | Jun 2019 | Sep 2019 | Dec 2019 | |
| Interbank Loans | VND bil | 21,502 | 21,532 | 24,665 |
| Customer Loans | VND bil | 136,296 | 138,631 | 144,700 |
| Total Assets | VND bil | 210,291 | 217,245 | 229,477 |
| Shareholders' Equity | VND bil | 18,604 | 19,594 | 20,381 |
| Interbank Borrowing | VND bil | 36,670 | 46,878 | 55,423 |
| Customer Deposits | VND bil | 133,804 | 129,428 | 132,600 |
| Issued Debt Securities | VND bil | 16,479 | 16,836 | 12,240 |
| Ratios | Jun 2019 | Sep 2019 | Dec 2019 | |
| ROE | % | 17.3 | 18.8 | 22.4 |
| ROA | % | 1.52 | 1.68 | 2.01 |
| Costs (As % Of Assets) | % | 2.58 | 2.39 | 2.44 |
| Costs (As % Of Income) | % | 47.6 | 43.9 | 40.0 |
| Net Interest Margin | % | 4.56 | 4.69 | 5.17 |
| Loans (As % Of Deposits) | % | 102 | 107 | 109 |
| NPLs (As % Of Loans) | % | 1.44 | 1.50 | 1.36 |
| Provisions (As % Of NPLs) | % | 74.7 | 73.3 | 81.4 |
| Valuation | Jun 2019 | Sep 2019 | Dec 2019 | |
| Price/Earnings (P/E) | 8.58 | 7.56 | 5.99 | |
| Price/Book Value (P/BV) | 1.45 | 1.39 | 1.32 | |
| Earnings Per Share (EPS) | VND | 3,206 | 3,664 | 4,599 |
| Book Value Per Share | VND | 18,964 | 19,973 | 20,902 |
Get all company financials in excel:
| summary | Unit | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| income statement | |||||||||||
| Net Interest Income | VND bil | 1,910 | 1,822 | 2,168 | 2,030 | 2,351 | |||||
| Total Revenues | VND bil | 2,391 | 2,174 | 2,698 | 2,509 | 2,792 | |||||
| Operating Profit | VND bil | 1,285 | 995 | 1,509 | 1,361 | 1,463 | |||||
| Net Profit | VND bil | 738 | 567 | 780 | 799 | 786 | |||||
| balance sheet | |||||||||||
| Interbank Loans | VND bil | 23,539 | 23,318 | 32,426 | 19,600 | 21,502 | |||||
| Customer Loans | VND bil | 118,965 | 119,572 | 121,792 | 127,556 | 136,296 | |||||
| Debt Securities | VND bil | 35,140 | 43,445 | 45,508 | 40,994 | 38,971 | |||||
| Total Assets | VND bil | 191,293 | 199,380 | 216,057 | 202,562 | 210,291 | |||||
| Shareholders' Equity | VND bil | 15,301 | 15,955 | 16,828 | 17,713 | 18,604 | |||||
| Interbank Borrowing | VND bil | 29,264 | 36,108 | 49,981 | 37,832 | 36,670 | |||||
| Customer Deposits | VND bil | 132,128 | 135,186 | 133,987 | 131,824 | 133,804 | |||||
| Issued Debt Securities | VND bil | 9,308 | 8,294 | 10,666 | 10,629 | 16,479 | |||||
| ratios | |||||||||||
| ROE | % | ... | 19.0 | 14.5 | 19.0 | 18.5 | 17.3 | ||||
| ROA | % | ... | 1.55 | 1.16 | 1.50 | 1.53 | 1.52 | ||||
| Costs (As % Of Assets) | % | ... | 2.32 | 2.41 | 2.29 | 2.19 | 2.58 | ||||
| Costs (As % Of Income) | % | 46.2 | 54.2 | 44.1 | 45.7 | 47.6 | |||||
| Net Interest Margin | % | ... | 4.00 | 3.73 | 4.18 | 3.88 | 4.56 | ||||
| Interest Income (As % Of Revenues) | % | 79.9 | 83.8 | 80.4 | 80.9 | 84.2 | |||||
| Fee Income (As % Of Revenues) | % | 4.79 | 5.31 | 3.61 | 5.65 | 5.16 | |||||
| Staff Cost (As % Of Total Cost) | % | 55.8 | 49.4 | 55.7 | 53.3 | 51.1 | |||||
| Equity (As % Of Assets) | % | 8.00 | 8.00 | 7.79 | 8.74 | 8.85 | |||||
| Loans (As % Of Deposits) | % | 90.0 | 88.5 | 90.9 | 96.8 | 102 | |||||
| Loans (As % Assets) | % | 62.2 | 60.0 | 56.4 | 63.0 | 64.8 | |||||
| NPLs (As % Of Loans) | % | 1.43 | 1.50 | 1.53 | 1.45 | 1.44 | |||||
| Provisions (As % Of NPLs) | % | 79.7 | 72.9 | 71.1 | 73.9 | 74.7 | |||||
| valuation | |||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | 1,545 | 1,634 | 1,281 | 1,268 | 1,158 | |||
| Number Of Shares (Average) | mil | 981 | 981 | 981 | 981 | 981 | |||||
| Share Price (End Of Period) | VND | ... | ... | 36,150 | 38,850 | 30,300 | 30,000 | 27,500 | |||
| Earnings Per Share (EPS) | VND | 3,009 | 2,312 | 3,179 | 3,256 | 3,206 | |||||
| Book Value Per Share | VND | 15,597 | 16,264 | 17,154 | 18,056 | 18,964 | |||||
| Price/Earnings (P/E) | ... | ... | 12.0 | 16.8 | 9.53 | 9.21 | 8.58 | ||||
| Price/Book Value (P/BV) | ... | ... | 2.32 | 2.39 | 1.77 | 1.66 | 1.45 | ||||
| Earnings Per Share Growth | % | ... | ... | ... | ... | -39.9 | 156 | 5.44 | 6.53 | ||
| Book Value Per Share Growth | % | ... | ... | ... | ... | 16.7 | 30.5 | 12.3 | 21.6 |
| income statement | Unit | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| income statement | |||||||||||
| Interest Income | VND bil | 4,108 | 4,243 | 4,598 | 4,441 | 4,812 | |||||
| Interest Cost | VND bil | 2,198 | 2,421 | 2,430 | 2,411 | 2,461 | |||||
| Net Interest Income | VND bil | 1,910 | 1,822 | 2,168 | 2,030 | 2,351 | |||||
| Net Fee Income | VND bil | 115 | 115 | 97.3 | 142 | 144 | |||||
| Other Income | VND bil | 365 | 236 | 432 | 337 | 297 | |||||
| Total Revenues | VND bil | 2,391 | 2,174 | 2,698 | 2,509 | 2,792 | |||||
| Staff Cost | VND bil | 617 | 583 | 663 | 611 | 680 | |||||
| Depreciation | VND bil | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Other Cost | VND bil | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Operating Cost | VND bil | 1,106 | 1,179 | 1,189 | 1,147 | 1,330 | |||||
| Operating Profit | VND bil | 1,285 | 995 | 1,509 | 1,361 | 1,463 | |||||
| Provisions | VND bil | 248 | 147 | 352 | 227 | 306 | |||||
| Extra and Other Cost | VND bil | 21.1 | 26.9 | 35.6 | 32.9 | 47.9 | |||||
| Pre-Tax Profit | VND bil | 1,016 | 821 | 1,121 | 1,102 | 1,109 | |||||
| Tax | VND bil | 196 | 166 | 229 | 223 | 213 | |||||
| Minorities | VND bil | 81.9 | 88.5 | 112 | 79.9 | 110 | |||||
| Net Profit | VND bil | 738 | 567 | 780 | 799 | 786 | |||||
| growth rates | |||||||||||
| Net Interest Income Growth | % | ... | ... | ... | ... | -3.96 | 24.3 | 9.50 | 23.0 | ||
| Net Fee Income Growth | % | ... | ... | ... | ... | 229 | 6.95 | 27.9 | 25.8 | ||
| Total Revenue Growth | % | ... | ... | ... | ... | -10.4 | 38.8 | 7.30 | 16.8 | ||
| Operating Cost Growth | % | ... | ... | ... | ... | 11.5 | 3.98 | 12.0 | 20.3 | ||
| Operating Profit Growth | % | ... | ... | ... | ... | -27.3 | 88.7 | 3.67 | 13.8 | ||
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | -20.3 | 122 | 5.25 | 9.17 | ||
| Net Profit Growth | % | ... | ... | ... | ... | -27.2 | 124 | 5.49 | 6.53 |
| balance sheet | Unit | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| balance sheet | |||||||||||
| Cash | VND bil | 5,461 | 4,248 | 7,482 | 5,414 | 3,674 | |||||
| Interbank Loans | VND bil | 23,539 | 23,318 | 32,426 | 19,600 | 21,502 | |||||
| Customer Loans | VND bil | 118,965 | 119,572 | 121,792 | 127,556 | 136,296 | |||||
| Retail Loans | VND bil | ... | 63,139 | ... | 60,563 | ... | ... | ... | ... | ||
| Corporate Loans | VND bil | ... | 57,162 | ... | 62,504 | ... | ... | ... | ... | ||
| Debt Securities | VND bil | 35,140 | 43,445 | 45,508 | 40,994 | 38,971 | |||||
| Fixed Assets | VND bil | 1,493 | 507 | 1,602 | 564 | 490 | |||||
| Total Assets | VND bil | 191,293 | 199,380 | 216,057 | 202,562 | 210,291 | |||||
| Shareholders' Equity | VND bil | 15,301 | 15,955 | 16,828 | 17,713 | 18,604 | |||||
| Of Which Minority Interest | VND bil | 992 | 1,081 | 1,193 | 1,273 | 1,383 | |||||
| Liabilities | VND bil | 175,992 | 183,426 | 199,229 | 184,849 | 191,688 | |||||
| Interbank Borrowing | VND bil | 29,264 | 36,108 | 49,981 | 37,832 | 36,670 | |||||
| Customer Deposits | VND bil | 132,128 | 135,186 | 133,987 | 131,824 | 133,804 | |||||
| Sight Deposits | VND bil | 10,817 | 10,525 | 116,391 | 114,936 | 12,732 | |||||
| Term Deposits | VND bil | 120,477 | 123,992 | 16,625 | 16,179 | 120,312 | |||||
| Issued Debt Securities | VND bil | 9,308 | 8,294 | 10,666 | 10,629 | 16,479 | |||||
| asset quality | |||||||||||
| Non-Performing Loans | VND bil | 1,722 | 1,812 | 1,885 | 1,867 | 1,989 | |||||
| Gross Loans | VND bil | 120,338 | 120,893 | 123,132 | 128,937 | 137,781 | |||||
| Total Provisions | VND bil | 1,373 | 1,321 | 1,340 | 1,380 | 1,486 | |||||
| growth rates | |||||||||||
| Customer Loan Growth | % | ... | ... | ... | ... | 25.2 | 17.9 | 11.2 | 14.6 | ||
| Retail Loan Growth | % | ... | ... | ... | ... | ... | 27.8 | ... | ... | ... | ... |
| Corporate Loan Growth | % | ... | ... | ... | ... | ... | 9.55 | ... | ... | ... | ... |
| Total Asset Growth | % | ... | ... | ... | ... | 14.2 | 14.1 | 6.40 | 9.93 | ||
| Shareholders' Equity Growth | % | ... | ... | ... | ... | 41.4 | 14.0 | 12.3 | 21.6 | ||
| Customer Deposit Growth | % | ... | ... | ... | ... | 8.81 | 6.45 | 7.80 | 1.27 | ||
| market share | |||||||||||
| Market Share in Total Assets | % | ... | ... | ... | ... | ... | ... | ... | ... |
| ratios | Unit | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| ratios | |||||||||||
| ROE | % | ... | 19.0 | 14.5 | 19.0 | 18.5 | 17.3 | ||||
| ROA | % | ... | 1.55 | 1.16 | 1.50 | 1.53 | 1.52 | ||||
| Costs (As % Of Assets) | % | ... | 2.32 | 2.41 | 2.29 | 2.19 | 2.58 | ||||
| Costs (As % Of Income) | % | 46.2 | 54.2 | 44.1 | 45.7 | 47.6 | |||||
| Net Interest Margin | % | ... | 4.00 | 3.73 | 4.18 | 3.88 | 4.56 | ||||
| Interest Spread | % | ... | 3.60 | 3.30 | 3.77 | 3.46 | 4.10 | ||||
| Asset Yield | % | ... | 8.61 | 8.69 | 8.85 | 8.49 | 9.32 | ||||
| Cost Of Liabilities | % | ... | 5.01 | 5.39 | 5.08 | 5.02 | 5.23 | ||||
| Interest Income (As % Of Revenues) | % | 79.9 | 83.8 | 80.4 | 80.9 | 84.2 | |||||
| Fee Income (As % Of Revenues) | % | 4.79 | 5.31 | 3.61 | 5.65 | 5.16 | |||||
| Other Income (As % Of Revenues) | % | 15.3 | 10.8 | 16.0 | 13.4 | 10.6 | |||||
| Cost Per Employee | USD per month | 669 | 616 | 693 | 646 | 700 | |||||
| Cost Per Employee (Local Currency) | VND per month | 15,093,800 | 13,982,100 | 15,788,700 | 14,788,800 | 16,125,100 | |||||
| Staff Cost (As % Of Total Cost) | % | 55.8 | 49.4 | 55.7 | 53.3 | 51.1 | |||||
| Equity (As % Of Assets) | % | 8.00 | 8.00 | 7.79 | 8.74 | 8.85 | |||||
| Loans (As % Of Deposits) | % | 90.0 | 88.5 | 90.9 | 96.8 | 102 | |||||
| Loans (As % Assets) | % | 62.2 | 60.0 | 56.4 | 63.0 | 64.8 | |||||
| NPLs (As % Of Loans) | % | 1.43 | 1.50 | 1.53 | 1.45 | 1.44 | |||||
| Provisions (As % Of NPLs) | % | 79.7 | 72.9 | 71.1 | 73.9 | 74.7 | |||||
| Provisions (As % Of Loans) | % | 1.15 | 1.10 | 1.10 | 1.08 | 1.09 | |||||
| Cost of Provisions (As % Of Loans) | % | ... | 0.850 | 0.492 | 1.17 | 0.727 | 0.927 |
| other data | Unit | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| other data | |||||||||||
| Employees | 13,617 | 13,888 | 13,992 | 13,781 | 14,055 | ||||||
| Sight (As % Of Customer Deposits) | % | 8.19 | 7.79 | 86.9 | 87.2 | 9.52 | |||||
| Return on Loans | % | ... | 2.25 | 2.02 | 2.36 | 2.31 | 2.22 | ||||
| Operating Profit (As % of Loans) | % | ... | ... | ... | 4.08 | 3.68 | 4.23 | 4.13 | 4.04 | ||
| Costs (As % Of Loans) | % | ... | 4.01 | 3.90 | 3.79 | 3.79 | 3.84 | ||||
| Equity (As % Of Loans) | % | 12.9 | 13.3 | 13.8 | 13.9 | 13.6 |
Get all company financials in excel:
By Helgi Library - March 1, 2020
HDBank made a net profit of VND 1,121 bil in the fourth quarter of 2019, up 43.8% when compared to the same period of last year. This implies a return on equity of 22.4%. Historically, the bank’s net profit reached an all time high of VND 1,121 bil in 4Q2019 and ...
By Helgi Library - March 1, 2020
HDBank's net interest margin amounted to 5.17% in the fourth quarter of 2019, up from 4.69% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.17% in 4Q2019 and an all time low of 3.73% in 3...
By Helgi Library - March 1, 2020
HDBank's net interest margin amounted to 5.17% in the fourth quarter of 2019, up from 4.69% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.17% in 4Q2019 and an all time low of 3.73% in 3...
By Helgi Library - March 1, 2020
HDBank stock traded at VND 27,550 per share at the end fourth quarter of 2019 implying a market capitalization of USD 1,159 mil. Since the end of 4Q2014, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the value of the comp...
By Helgi Library - March 1, 2020
HDBank stock traded at VND 27,550 per share at the end fourth quarter of 2019 implying a market capitalization of USD 1,159 mil. Since the end of 4Q2014, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the value of the comp...
By Helgi Library - March 1, 2020
HDBank generated total banking revenues of VND 3,413 bil in the fourth quarter of 2019, up 26.5% when compared to the same period of last year and 17.4% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee a...
By Helgi Library - March 1, 2020
HDBank generated total banking revenues of VND 3,413 bil in the fourth quarter of 2019, up 26.5% when compared to the same period of last year and 17.4% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee a...
By Helgi Library - March 1, 2020
HDBank stock traded at VND 27,550 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 1,159 mil. Over the last five years, the stock has appreciated by 0 implying an annual average growth of 0% In absolute terms, the val...
By Helgi Library - March 1, 2020
HDBank stock traded at VND 27,550 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 1,159 mil. Over the last five years, the stock has appreciated by 0 implying an annual average growth of 0% In absolute terms, the val...
By Helgi Library - March 1, 2020
HDBank's Equity reached 8.88% of total assets in the 4Q2019, up from 7.79% for the previous year. As a share of net customer loans, the ratio amounted to 14.1% at the end of the fourth quarter of 2019. ...
HDBank has been growing its revenues and asset by 37.2% and 28.2% a year on average in the last 10 years. Its loans and deposits have grown by 33.3% and 30.2% a year during that time and loans to deposits ratio reached 109% at the end of 2019. The company achieved an average return on equity of 10.8% in the last decade with net profit growing 33.9% a year on average. In terms of operating efficiency, its cost to income ratio reached 44.0% in 2019, compared to 54.4% average in the last decade.
Equity represented 8.88% of total assets or 14.1% of loans at the end of 2019. HDBank's non-performing loans were 1.36% of total loans while provisions covered some 81.4% of NPLs at the end of 2019.
HDBank stock traded at VND 27,550 per share at the end of 2019 resulting in a market capitalization of USD 1,159 mil. Over the previous five years, stock price fell by 13.9% or 2.95% a year on average. That’s compared to an average ROE of 12.9% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 7.50x and price to book value (PBV) of 1.32x in 2019.
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