MIG.VN Military Insurance Corp
- Market cap
- VND 3.26T
- P/E
- 9.9x
- P/B
- 1.24x
- ROE
- 13.9%
- Dividend yield
- 3.07%
- Fundamental score
- 3.3/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is MIG.VN undervalued?
Graham numberMIG.VN trades 26.2% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Military Insurance Corp fundamental analysis
14 of 18 checks passedROE 1/2
Moderate return on equity (13.9%), between 10% and 20%.
ROA 0/1
Return on assets (3.0%) is below the industry median (3.6%).
Profit Consistency 2/2
Profitable for 6 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (24.5%) is above the 5-year average (6.5% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (24.5%) is above the industry median (17.5%).
Revenue Growth 1/2
Revenue grew 4.1% a year over the past 3 years.
Leverage 2/2
Total assets are 4.7x equity, within a prudent level for a financial company.
Equity Growth 1/1
Shareholders' equity grew over the past 5 years.
PE vs Market 1/1
PE (9.8x) is below the market median (11.2x).
PE vs Industry 1/1
PE (9.8x) is below the industry median (11.2x).
PBV 0/1
Price to book (1.2x) is above the industry median (1.2x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 12.1, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 1.52, above 1.
Dividend Yield 1/2
Dividend yield (3.1%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 30.8%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Military Insurance Corp stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Military Insurance Corp
Military Insurance Corporation provides various insurance products and services in Vietnam. The company provides human, property, cargo, marine, liability, aviation, motor, technical, mixed, and energy insurances. It is also involved in non-life insurance, reinsurance; investment; activities such as aviation insurance, surety insurance, agricultural insurance; and insurance auxiliary activities. The company was founded in 2007 and is headquartered in Hanoi, Vietnam. Military…
Full company profileMilitary Insurance Corp financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Military Insurance Corp annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 2.46T | 2.73T | 3.76T | 3.62T | 3.74T | 4.23T | 4.68T |
| Net Income | 194B | 224B | 159B | 281B | 239B | 325B | 372B |
| EPS | 1,123 | - | - | 1,451 | 1,234 | 1,536 | 1,757 |
| Balance Sheet | |||||||
| Total Assets | 5.55T | 6.57T | 8.55T | 8.82T | 9.83T | 11.3T | 12.4T |
| Total Liabilities | 4.02T | 4.82T | 6.65T | 6.74T | 7.70T | 8.65T | 9.77T |
| Shareholders' Equity | 1.54T | 1.75T | 1.89T | 2.08T | 2.13T | 2.63T | 2.68T |
| Cash & Short-term Investments | 12.1B | 8.61B | 91.7B | 182B | 330B | 227B | 357B |
| Cash Flow | |||||||
| Capital Expenditure | 5.12B | 16.1B | 2.97B | 24.0B | 81.7B | 25.3B | 2.13B |
| Free Cash Flow | 370B | 121B | 127B | 243B | 321B | 334B | 1.14T |
| Ratios | |||||||
| ROE | 12.6% | 12.8% | 8.4% | 13.5% | 11.2% | 12.4% | 13.9% |
| ROA | 3.5% | 3.4% | 1.9% | 3.2% | 2.4% | 2.9% | 3.0% |
| Net Profit Margin | 7.9% | 8.2% | 4.2% | 7.7% | 6.4% | 7.7% | 7.9% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Military Insurance Corp dividends
- Dividend yield
- 3.07%
- Forward dividend
- 1,000.00 VND
- Payout ratio
- 30.8%
- Ex-dividend date
- Aug 25, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 100B | 473 | 30.8% |
| 2024 | VND 171B | 886 | 71.8% |
| 2023 | VND 81.5B | 421 | 29.0% |
| 2022 | VND 247M | - | 0.2% |
| 2021 | VND 48.9B | - | 21.9% |
| 2020 | VND 79.4B | 460 | 41.0% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 105:100 on Aug 22, 2025.
Who owns Military Insurance Corp
- Insiders 68.40%
- Institutions 10.77%
- Public & others 20.84%
- Shares outstanding 212M
- Free float 67.2M
Military Insurance Corp company profile
- Company name
- Military Insurance Corp
- Ticker
- MIG.VN
- ISIN
- VN000000MIG9
- Exchange
- Vietnam Stocks
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Employees
- 1,763
- Fiscal year end
- December
- Address
- MB Building, No. 21 Cat Linh, Hanoi, Vietnam
- Phone
- 84 24 6285 3388
- Website
- mic.vn
About Military Insurance Corp
Military Insurance Corporation provides various insurance products and services in Vietnam. The company provides human, property, cargo, marine, liability, aviation, motor, technical, mixed, and energy insurances. It is also involved in non-life insurance, reinsurance; investment; activities such as aviation insurance, surety insurance, agricultural insurance; and insurance auxiliary activities. The company was founded in 2007 and is headquartered in Hanoi, Vietnam. Military Insurance Corporation is a subsidiary of Military Commercial Joint Stock Bank.
Military Insurance Corp management
5- Mr. Tuynh Nhu DinhCEO, Chairman of the Executive Committee & Deputy Chairman
- Ms. Hien Thi HoangDeputy CEO & CFO
- Mr. Hai Nhu LeDeputy GM & Member of the Executive Board
- Mr. Ninh Quoc LeDeputy GM & Member of Executive Board
- Ms. Thi Phuong Anh NguyenDeputy Head of the Accounting Department