Vinafreight（VNF）株式概要Vinafreight Joint Stock Company はベトナムで物流サービスを提供している。 詳細VNF ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績3/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より53.3%で取引されている 過去5年間の収益は年間13.1%増加しました。 リスク分析意味のある時価総額がありません ( ₫406B )すべてのリスクチェックを見るVNF Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW474,966 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA474,966 investors already sharing narrativesYour Fair Value₫Current Price₫12.80k672.9% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-4b5t2016201920222025202620282031Revenue ₫350.7bEarnings ₫14.8bAdvancedSet Fair ValueView all narrativesVinafreight Joint Stock Company 競合他社Van Cargoes and Foreign Trade LogisticsSymbol: HNX:VNTMarket cap: ₫367.8bJANUS GroupSymbol: HOSE:TCOMarket cap: ₫325.7bVSC Green LogisticsSymbol: HNX:GICMarket cap: ₫290.2bVinalink LogisticsSymbol: HOSE:VNLMarket cap: ₫266.5b価格と性能株価の高値、安値、推移の概要Vinafreight過去の株価現在の株価₫12,800.0052週高値₫18,700.0052週安値₫12,500.00ベータ0.0511ヶ月の変化-1.54%3ヶ月変化-14.09%1年変化-16.34%3年間の変化42.22%5年間の変化15.20%IPOからの変化-40.49%最新ニュースReported Earnings • Aug 05Second quarter 2026 earnings released: EPS: ₫750 (vs ₫562 in 2Q 2025)Second quarter 2026 results: EPS: ₫750 (up from ₫562 in 2Q 2025). Revenue: ₫415.8b (flat on 2Q 2025). Net income: ₫23.8b (up 33% from 2Q 2025). Profit margin: 5.7% (up from 4.3% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₫12,900, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 9x in the Logistics industry in Vietnam. Total returns to shareholders of 83% over the past three years.Upcoming Dividend • Jun 29Upcoming dividend of ₫1,500 per shareEligible shareholders must have bought the stock before 06 July 2026. Payment date: 22 July 2026. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 10.0%. Within top quartile of Vietnamese dividend payers (8.2%). Higher than average of industry peers (4.5%).Buy Or Sell Opportunity • May 16Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 4.2% to ₫14,900. The fair value is estimated to be ₫12,092, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 76%.Reported Earnings • Mar 29Full year 2025 earnings released: EPS: ₫1,941 (vs ₫1,857 in FY 2024)Full year 2025 results: EPS: ₫1,941 (up from ₫1,857 in FY 2024). Revenue: ₫1.66t (down 6.5% from FY 2024). Net income: ₫61.5b (up 4.5% from FY 2024). Profit margin: 3.7% (up from 3.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫16,500, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 11x in the Logistics industry in Vietnam. Total returns to shareholders of 130% over the past three years.最新情報をもっと見るRecent updatesReported Earnings • Aug 05Second quarter 2026 earnings released: EPS: ₫750 (vs ₫562 in 2Q 2025)Second quarter 2026 results: EPS: ₫750 (up from ₫562 in 2Q 2025). Revenue: ₫415.8b (flat on 2Q 2025). Net income: ₫23.8b (up 33% from 2Q 2025). Profit margin: 5.7% (up from 4.3% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₫12,900, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 9x in the Logistics industry in Vietnam. Total returns to shareholders of 83% over the past three years.Upcoming Dividend • Jun 29Upcoming dividend of ₫1,500 per shareEligible shareholders must have bought the stock before 06 July 2026. Payment date: 22 July 2026. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 10.0%. Within top quartile of Vietnamese dividend payers (8.2%). Higher than average of industry peers (4.5%).Buy Or Sell Opportunity • May 16Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 4.2% to ₫14,900. The fair value is estimated to be ₫12,092, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 76%.Reported Earnings • Mar 29Full year 2025 earnings released: EPS: ₫1,941 (vs ₫1,857 in FY 2024)Full year 2025 results: EPS: ₫1,941 (up from ₫1,857 in FY 2024). Revenue: ₫1.66t (down 6.5% from FY 2024). Net income: ₫61.5b (up 4.5% from FY 2024). Profit margin: 3.7% (up from 3.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫16,500, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 11x in the Logistics industry in Vietnam. Total returns to shareholders of 130% over the past three years.Buy Or Sell Opportunity • Feb 13Now 21% overvaluedOver the last 90 days, the stock has fallen 8.3% to ₫14,300. The fair value is estimated to be ₫11,854, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 75%.Reported Earnings • Feb 10Full year 2025 earnings released: EPS: ₫1,854 (vs ₫1,889 in FY 2024)Full year 2025 results: EPS: ₫1,854 (down from ₫1,889 in FY 2024). Revenue: ₫1.66t (down 6.5% from FY 2024). Net income: ₫58.8b (down 1.9% from FY 2024). Profit margin: 3.5% (up from 3.4% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 27Vinafreight Joint Stock Company, Annual General Meeting, Mar 23, 2026Vinafreight Joint Stock Company, Annual General Meeting, Mar 23, 2026, at 13:30 SE Asia Standard Time. Location: hoa vien tri ky restaurant, duc nhuan ward, ho chi minh VietnamReported Earnings • Nov 02Third quarter 2025 earnings released: EPS: ₫601 (vs ₫1,124 in 3Q 2024)Third quarter 2025 results: EPS: ₫601 (down from ₫1,124 in 3Q 2024). Revenue: ₫416.9b (down 16% from 3Q 2024). Net income: ₫17.0b (down 52% from 3Q 2024). Profit margin: 4.1% (down from 7.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₫17,400, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 14x in the Logistics industry in Vietnam. Total returns to shareholders of 43% over the past three years.Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: ₫562 (vs ₫396 in 2Q 2024)Second quarter 2025 results: EPS: ₫562 (up from ₫396 in 2Q 2024). Revenue: ₫417.1b (down 14% from 2Q 2024). Net income: ₫17.8b (up 42% from 2Q 2024). Profit margin: 4.3% (up from 2.6% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₫13,800, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 14x in the Logistics industry in Vietnam. Total returns to shareholders of 16% over the past three years.Upcoming Dividend • Jun 03Upcoming dividend of ₫1,500 per shareEligible shareholders must have bought the stock before 10 June 2025. Payment date: 26 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.3%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (3.2%).Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫16,000, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 13x in the Logistics industry in Vietnam. Total loss to shareholders of 4.9% over the past three years.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₫13,000, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 16x in the Logistics industry in Vietnam. Total loss to shareholders of 35% over the past three years.Reported Earnings • Apr 03Full year 2024 earnings released: EPS: ₫1,889 (vs ₫95.66 in FY 2023)Full year 2024 results: EPS: ₫1,889 (up from ₫95.66 in FY 2023). Revenue: ₫1.77t (up 58% from FY 2023). Net income: ₫59.9b (up ₫56.8b from FY 2023). Profit margin: 3.4% (up from 0.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 07Full year 2024 earnings released: EPS: ₫2,363 (vs ₫174 in FY 2023)Full year 2024 results: EPS: ₫2,363 (up from ₫174 in FY 2023). Revenue: ₫1.77t (up 58% from FY 2023). Net income: ₫74.9b (up ₫69.4b from FY 2023). Profit margin: 4.2% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₫12,900, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 30x in the Logistics industry in Vietnam. Total loss to shareholders of 8.3% over the past three years.New Risk • Aug 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 380% Paying a dividend despite having no free cash flows. Revenue has declined by 47% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₫348.9b market cap, or US$14.0m).Upcoming Dividend • Jul 10Upcoming dividend of ₫700 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 02 August 2024. Trailing yield: 6.0%. Lower than top quartile of Vietnamese dividend payers (8.3%). Lower than average of industry peers (7.2%).New Risk • Jun 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. Revenue has declined by 47% over the past year. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₫358.4b market cap, or US$14.0m).Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫12,500, the stock trades at a trailing P/E ratio of 67.8x. Average trailing P/E is 23x in the Logistics industry in Vietnam. Total returns to shareholders of 34% over the past three years.Reported Earnings • Feb 02Full year 2023 earnings released: EPS: ₫184 (vs ₫745 in FY 2022)Full year 2023 results: EPS: ₫184 (down from ₫745 in FY 2022). Revenue: ₫1.12t (down 47% from FY 2022). Net income: ₫5.85b (down 72% from FY 2022). Profit margin: 0.5% (down from 1.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.New Risk • Jan 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 292% Earnings have declined by 3.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (₫279.1b market cap, or US$11.4m).Buy Or Sell Opportunity • Jan 23Now 20% overvaluedOver the last 90 days, the stock has fallen 11% to ₫8,000. The fair value is estimated to be ₫6,654, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company became loss making.New Risk • Oct 31New major risk - Revenue and earnings growthEarnings have declined by 3.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 292% Earnings have declined by 3.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₫256.9b market cap, or US$10.5m).Reported Earnings • Oct 31Third quarter 2023 earnings released: ₫82.00 loss per share (vs ₫79.18 loss in 3Q 2022)Third quarter 2023 results: ₫82.00 loss per share (further deteriorated from ₫79.18 loss in 3Q 2022). Revenue: ₫283.7b (up 22% from 3Q 2022). Net loss: ₫2.61b (loss widened 53% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: ₫80.00 (vs ₫152 in 2Q 2022)Second quarter 2023 results: EPS: ₫80.00 (down from ₫152 in 2Q 2022). Revenue: ₫266.5b (down 13% from 2Q 2022). Net income: ₫2.55b (down 57% from 2Q 2022). Profit margin: 1.0% (down from 1.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Jul 20Upcoming dividend of ₫700 per share at 4.0% yieldEligible shareholders must have bought the stock before 27 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of Vietnamese dividend payers (8.4%). Higher than average of industry peers (3.6%).Reported Earnings • May 14First quarter 2023 earnings released: ₫94.00 loss per share (vs ₫548 profit in 1Q 2022)First quarter 2023 results: ₫94.00 loss per share (down from ₫548 profit in 1Q 2022). Revenue: ₫183.1b (down 86% from 1Q 2022). Net loss: ₫2.99b (down 116% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 08Full year 2022 earnings released: EPS: ₫745 (vs ₫2,586 in FY 2021)Full year 2022 results: EPS: ₫745 (down from ₫2,586 in FY 2021). Revenue: ₫2.10t (down 57% from FY 2021). Net income: ₫21.0b (down 69% from FY 2021). Profit margin: 1.0% (down from 1.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₫11,300, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Logistics industry in Vietnam. Total loss to shareholders of 40% over the past year.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Chairman Bich Nguyen was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: ₫42.00 (vs ₫540 in 3Q 2021)Third quarter 2022 results: EPS: ₫42.00 (down from ₫540 in 3Q 2021). Revenue: ₫267.7b (down 75% from 3Q 2021). Net income: ₫1.18b (down 92% from 3Q 2021). Profit margin: 0.4% (down from 1.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Oct 10Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₫12,100, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 12x in the Logistics industry in Vietnam. Negligible returns to shareholders over past three years.Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: ₫182 (vs ₫866 in 2Q 2021)Second quarter 2022 results: EPS: ₫182 (down from ₫866 in 2Q 2021). Revenue: ₫306.7b (down 72% from 2Q 2021). Net income: ₫5.93b (down 55% from 2Q 2021). Profit margin: 1.9% (up from 1.2% in 2Q 2021). The increase in margin was driven by lower expenses.Upcoming Dividend • Jun 21Upcoming dividend of ₫500 per shareEligible shareholders must have bought the stock before 28 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Vietnamese dividend payers (8.0%). In line with average of industry peers (2.9%).Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₫19,600, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 14x in the Logistics industry in Vietnam. Total returns to shareholders of 69% over the past three years.Reported Earnings • May 08First quarter 2022 earnings released: EPS: ₫657 (vs ₫150 loss in 1Q 2021)First quarter 2022 results: EPS: ₫657 (up from ₫150 loss in 1Q 2021). Revenue: ₫1.33t (up 65% from 1Q 2021). Net income: ₫18.5b (up ₫19.3b from 1Q 2021). Profit margin: 1.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Chairman Bich Nguyen was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improved over the past weekAfter last week's 22% share price gain to ₫31,600, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 15x in the Logistics industry in Vietnam. Total returns to shareholders of 209% over the past three years.Reported Earnings • Jan 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ₫3,103 (up from ₫2,196 in FY 2020). Revenue: ₫4.90t (up 98% from FY 2020). Net income: ₫66.6b (up 185% from FY 2020). Profit margin: 1.4% (up from 0.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS ₫681 (vs ₫566 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫1.09t (up 54% from 3Q 2020). Net income: ₫15.5b (up 130% from 3Q 2020). Profit margin: 1.4% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₫20,000, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 17x in the Logistics industry in Asia. Total returns to shareholders of 13% over the past three years.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₫16,200, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 18x in the Logistics industry in Asia. Total loss to shareholders of 9.1% over the past three years.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 25% share price gain to ₫15,900, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 20x in the Logistics industry in Asia. Total loss to shareholders of 22% over the past three years.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₫13,300, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 21x in the Logistics industry in Asia.Reported Earnings • May 06First quarter 2021 earnings released: ₫158 loss per share (vs ₫158 loss in 1Q 2020)The company reported a mediocre first quarter result with no improvement to losses, revenues or control over costs. First quarter 2021 results: Revenue: ₫803.7b (flat on 1Q 2020). Net loss: ₫800.0m (flat on 1Q 2020).Upcoming Dividend • Nov 09Upcoming Dividend of ₫500 Per ShareWill be paid on the 3rd of December to those who are registered shareholders by the 16th of November. The company last paid an ordinary dividend in November 2014. The average dividend yield among industry peers is 5.9%.株主還元VNFVN LogisticsVN 市場7D0%-0.3%-2.3%1Y-16.3%-27.7%5.0%株主還元を見る業界別リターン: VNF過去 1 年間で-27.7 % の収益を上げたVN Logistics業界を上回りました。リターン対市場: VNFは、過去 1 年間で5 % のリターンを上げたVN市場を下回りました。価格変動Is VNF's price volatile compared to industry and market?VNF volatilityVNF Average Weekly Movement4.8%Logistics Industry Average Movement5.0%Market Average Movement4.2%10% most volatile stocks in VN Market7.3%10% least volatile stocks in VN Market2.3%安定した株価: VNF 、 VN市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: VNFの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1997175Minh Nguyenwww.vinafreight.comVinafreight Joint Stock Company はベトナムで物流サービスを提供している。同社は、航空貨物フォワーディング、ドア・ツー・ドア配達、通関、保険適用手配、航空往路混載、航空復路混載、貨物調査手配サービスなどの航空貨物サービスと、FCL、LCL、貨物保険、調査手配、展示会・プロジェクト貨物取り扱い、貨物混載・混載解除、バイヤーズ・エージェント、通関サービスなどの海上貨物サービスを提供している。また、船舶管理、用船、仲介サービスからなる定期船代理店サービス、集計・海上サービス、海運代理店サービスも提供している。さらに、冷蔵倉庫サービスなどの倉庫サービス、その他の付加価値サービスも提供している。同社は以前はVinafreight International Freight Forwarders Joint Stock Companyとして知られていたが、2014年5月にVinafreight Joint Stock Companyに社名を変更した。Vinafreight Joint Stock Companyは1997年に設立され、ベトナムのホーチミン市に本社を置いている。Vinafreight Joint Stock CompanyはTransimex Corporationの子会社として運営されている。もっと見るVinafreight Joint Stock Company 基礎のまとめVinafreight の収益と売上を時価総額と比較するとどうか。VNF 基礎統計学時価総額₫405.76b収益（TTM）₫68.20b売上高(TTM)₫1.62t5.9xPER（株価収益率0.3xP/SレシオVNF は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計VNF 損益計算書（TTM）収益₫1.62t売上原価₫1.50t売上総利益₫114.98bその他の費用₫46.78b収益₫68.20b直近の収益報告Jun 30, 2026次回決算日該当なし一株当たり利益（EPS）2.15kグロス・マージン7.11%純利益率4.22%有利子負債／自己資本比率2.9%VNF の長期的なパフォーマンスは？過去の実績と比較を見る配当金11.7%現在の配当利回り70%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/15 04:37終値2026/08/14 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Vinafreight Joint Stock Company 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • Aug 05Second quarter 2026 earnings released: EPS: ₫750 (vs ₫562 in 2Q 2025)Second quarter 2026 results: EPS: ₫750 (up from ₫562 in 2Q 2025). Revenue: ₫415.8b (flat on 2Q 2025). Net income: ₫23.8b (up 33% from 2Q 2025). Profit margin: 5.7% (up from 4.3% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₫12,900, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 9x in the Logistics industry in Vietnam. Total returns to shareholders of 83% over the past three years.
Upcoming Dividend • Jun 29Upcoming dividend of ₫1,500 per shareEligible shareholders must have bought the stock before 06 July 2026. Payment date: 22 July 2026. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 10.0%. Within top quartile of Vietnamese dividend payers (8.2%). Higher than average of industry peers (4.5%).
Buy Or Sell Opportunity • May 16Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 4.2% to ₫14,900. The fair value is estimated to be ₫12,092, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 76%.
Reported Earnings • Mar 29Full year 2025 earnings released: EPS: ₫1,941 (vs ₫1,857 in FY 2024)Full year 2025 results: EPS: ₫1,941 (up from ₫1,857 in FY 2024). Revenue: ₫1.66t (down 6.5% from FY 2024). Net income: ₫61.5b (up 4.5% from FY 2024). Profit margin: 3.7% (up from 3.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫16,500, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 11x in the Logistics industry in Vietnam. Total returns to shareholders of 130% over the past three years.
Reported Earnings • Aug 05Second quarter 2026 earnings released: EPS: ₫750 (vs ₫562 in 2Q 2025)Second quarter 2026 results: EPS: ₫750 (up from ₫562 in 2Q 2025). Revenue: ₫415.8b (flat on 2Q 2025). Net income: ₫23.8b (up 33% from 2Q 2025). Profit margin: 5.7% (up from 4.3% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₫12,900, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 9x in the Logistics industry in Vietnam. Total returns to shareholders of 83% over the past three years.
Upcoming Dividend • Jun 29Upcoming dividend of ₫1,500 per shareEligible shareholders must have bought the stock before 06 July 2026. Payment date: 22 July 2026. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 10.0%. Within top quartile of Vietnamese dividend payers (8.2%). Higher than average of industry peers (4.5%).
Buy Or Sell Opportunity • May 16Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 4.2% to ₫14,900. The fair value is estimated to be ₫12,092, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 76%.
Reported Earnings • Mar 29Full year 2025 earnings released: EPS: ₫1,941 (vs ₫1,857 in FY 2024)Full year 2025 results: EPS: ₫1,941 (up from ₫1,857 in FY 2024). Revenue: ₫1.66t (down 6.5% from FY 2024). Net income: ₫61.5b (up 4.5% from FY 2024). Profit margin: 3.7% (up from 3.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫16,500, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 11x in the Logistics industry in Vietnam. Total returns to shareholders of 130% over the past three years.
Buy Or Sell Opportunity • Feb 13Now 21% overvaluedOver the last 90 days, the stock has fallen 8.3% to ₫14,300. The fair value is estimated to be ₫11,854, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 75%.
Reported Earnings • Feb 10Full year 2025 earnings released: EPS: ₫1,854 (vs ₫1,889 in FY 2024)Full year 2025 results: EPS: ₫1,854 (down from ₫1,889 in FY 2024). Revenue: ₫1.66t (down 6.5% from FY 2024). Net income: ₫58.8b (down 1.9% from FY 2024). Profit margin: 3.5% (up from 3.4% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 27Vinafreight Joint Stock Company, Annual General Meeting, Mar 23, 2026Vinafreight Joint Stock Company, Annual General Meeting, Mar 23, 2026, at 13:30 SE Asia Standard Time. Location: hoa vien tri ky restaurant, duc nhuan ward, ho chi minh Vietnam
Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: ₫601 (vs ₫1,124 in 3Q 2024)Third quarter 2025 results: EPS: ₫601 (down from ₫1,124 in 3Q 2024). Revenue: ₫416.9b (down 16% from 3Q 2024). Net income: ₫17.0b (down 52% from 3Q 2024). Profit margin: 4.1% (down from 7.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₫17,400, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 14x in the Logistics industry in Vietnam. Total returns to shareholders of 43% over the past three years.
Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: ₫562 (vs ₫396 in 2Q 2024)Second quarter 2025 results: EPS: ₫562 (up from ₫396 in 2Q 2024). Revenue: ₫417.1b (down 14% from 2Q 2024). Net income: ₫17.8b (up 42% from 2Q 2024). Profit margin: 4.3% (up from 2.6% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₫13,800, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 14x in the Logistics industry in Vietnam. Total returns to shareholders of 16% over the past three years.
Upcoming Dividend • Jun 03Upcoming dividend of ₫1,500 per shareEligible shareholders must have bought the stock before 10 June 2025. Payment date: 26 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.3%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (3.2%).
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₫16,000, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 13x in the Logistics industry in Vietnam. Total loss to shareholders of 4.9% over the past three years.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₫13,000, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 16x in the Logistics industry in Vietnam. Total loss to shareholders of 35% over the past three years.
Reported Earnings • Apr 03Full year 2024 earnings released: EPS: ₫1,889 (vs ₫95.66 in FY 2023)Full year 2024 results: EPS: ₫1,889 (up from ₫95.66 in FY 2023). Revenue: ₫1.77t (up 58% from FY 2023). Net income: ₫59.9b (up ₫56.8b from FY 2023). Profit margin: 3.4% (up from 0.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 07Full year 2024 earnings released: EPS: ₫2,363 (vs ₫174 in FY 2023)Full year 2024 results: EPS: ₫2,363 (up from ₫174 in FY 2023). Revenue: ₫1.77t (up 58% from FY 2023). Net income: ₫74.9b (up ₫69.4b from FY 2023). Profit margin: 4.2% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₫12,900, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 30x in the Logistics industry in Vietnam. Total loss to shareholders of 8.3% over the past three years.
New Risk • Aug 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 380% Paying a dividend despite having no free cash flows. Revenue has declined by 47% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₫348.9b market cap, or US$14.0m).
Upcoming Dividend • Jul 10Upcoming dividend of ₫700 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 02 August 2024. Trailing yield: 6.0%. Lower than top quartile of Vietnamese dividend payers (8.3%). Lower than average of industry peers (7.2%).
New Risk • Jun 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. Revenue has declined by 47% over the past year. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₫358.4b market cap, or US$14.0m).
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₫12,500, the stock trades at a trailing P/E ratio of 67.8x. Average trailing P/E is 23x in the Logistics industry in Vietnam. Total returns to shareholders of 34% over the past three years.
Reported Earnings • Feb 02Full year 2023 earnings released: EPS: ₫184 (vs ₫745 in FY 2022)Full year 2023 results: EPS: ₫184 (down from ₫745 in FY 2022). Revenue: ₫1.12t (down 47% from FY 2022). Net income: ₫5.85b (down 72% from FY 2022). Profit margin: 0.5% (down from 1.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
New Risk • Jan 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 292% Earnings have declined by 3.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (₫279.1b market cap, or US$11.4m).
Buy Or Sell Opportunity • Jan 23Now 20% overvaluedOver the last 90 days, the stock has fallen 11% to ₫8,000. The fair value is estimated to be ₫6,654, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Oct 31New major risk - Revenue and earnings growthEarnings have declined by 3.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 292% Earnings have declined by 3.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₫256.9b market cap, or US$10.5m).
Reported Earnings • Oct 31Third quarter 2023 earnings released: ₫82.00 loss per share (vs ₫79.18 loss in 3Q 2022)Third quarter 2023 results: ₫82.00 loss per share (further deteriorated from ₫79.18 loss in 3Q 2022). Revenue: ₫283.7b (up 22% from 3Q 2022). Net loss: ₫2.61b (loss widened 53% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: ₫80.00 (vs ₫152 in 2Q 2022)Second quarter 2023 results: EPS: ₫80.00 (down from ₫152 in 2Q 2022). Revenue: ₫266.5b (down 13% from 2Q 2022). Net income: ₫2.55b (down 57% from 2Q 2022). Profit margin: 1.0% (down from 1.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Jul 20Upcoming dividend of ₫700 per share at 4.0% yieldEligible shareholders must have bought the stock before 27 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of Vietnamese dividend payers (8.4%). Higher than average of industry peers (3.6%).
Reported Earnings • May 14First quarter 2023 earnings released: ₫94.00 loss per share (vs ₫548 profit in 1Q 2022)First quarter 2023 results: ₫94.00 loss per share (down from ₫548 profit in 1Q 2022). Revenue: ₫183.1b (down 86% from 1Q 2022). Net loss: ₫2.99b (down 116% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 08Full year 2022 earnings released: EPS: ₫745 (vs ₫2,586 in FY 2021)Full year 2022 results: EPS: ₫745 (down from ₫2,586 in FY 2021). Revenue: ₫2.10t (down 57% from FY 2021). Net income: ₫21.0b (down 69% from FY 2021). Profit margin: 1.0% (down from 1.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₫11,300, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Logistics industry in Vietnam. Total loss to shareholders of 40% over the past year.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Chairman Bich Nguyen was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: ₫42.00 (vs ₫540 in 3Q 2021)Third quarter 2022 results: EPS: ₫42.00 (down from ₫540 in 3Q 2021). Revenue: ₫267.7b (down 75% from 3Q 2021). Net income: ₫1.18b (down 92% from 3Q 2021). Profit margin: 0.4% (down from 1.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Oct 10Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₫12,100, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 12x in the Logistics industry in Vietnam. Negligible returns to shareholders over past three years.
Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: ₫182 (vs ₫866 in 2Q 2021)Second quarter 2022 results: EPS: ₫182 (down from ₫866 in 2Q 2021). Revenue: ₫306.7b (down 72% from 2Q 2021). Net income: ₫5.93b (down 55% from 2Q 2021). Profit margin: 1.9% (up from 1.2% in 2Q 2021). The increase in margin was driven by lower expenses.
Upcoming Dividend • Jun 21Upcoming dividend of ₫500 per shareEligible shareholders must have bought the stock before 28 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Vietnamese dividend payers (8.0%). In line with average of industry peers (2.9%).
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₫19,600, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 14x in the Logistics industry in Vietnam. Total returns to shareholders of 69% over the past three years.
Reported Earnings • May 08First quarter 2022 earnings released: EPS: ₫657 (vs ₫150 loss in 1Q 2021)First quarter 2022 results: EPS: ₫657 (up from ₫150 loss in 1Q 2021). Revenue: ₫1.33t (up 65% from 1Q 2021). Net income: ₫18.5b (up ₫19.3b from 1Q 2021). Profit margin: 1.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Chairman Bich Nguyen was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improved over the past weekAfter last week's 22% share price gain to ₫31,600, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 15x in the Logistics industry in Vietnam. Total returns to shareholders of 209% over the past three years.
Reported Earnings • Jan 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ₫3,103 (up from ₫2,196 in FY 2020). Revenue: ₫4.90t (up 98% from FY 2020). Net income: ₫66.6b (up 185% from FY 2020). Profit margin: 1.4% (up from 0.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS ₫681 (vs ₫566 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫1.09t (up 54% from 3Q 2020). Net income: ₫15.5b (up 130% from 3Q 2020). Profit margin: 1.4% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₫20,000, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 17x in the Logistics industry in Asia. Total returns to shareholders of 13% over the past three years.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₫16,200, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 18x in the Logistics industry in Asia. Total loss to shareholders of 9.1% over the past three years.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 25% share price gain to ₫15,900, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 20x in the Logistics industry in Asia. Total loss to shareholders of 22% over the past three years.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₫13,300, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 21x in the Logistics industry in Asia.
Reported Earnings • May 06First quarter 2021 earnings released: ₫158 loss per share (vs ₫158 loss in 1Q 2020)The company reported a mediocre first quarter result with no improvement to losses, revenues or control over costs. First quarter 2021 results: Revenue: ₫803.7b (flat on 1Q 2020). Net loss: ₫800.0m (flat on 1Q 2020).
Upcoming Dividend • Nov 09Upcoming Dividend of ₫500 Per ShareWill be paid on the 3rd of December to those who are registered shareholders by the 16th of November. The company last paid an ordinary dividend in November 2014. The average dividend yield among industry peers is 5.9%.
