View ValuationSaigon Cargo Service 향후 성장Future 기준 점검 0/6Saigon Cargo Service 의 수익과 수익은 각각 연간 14.2% 및 11.5% 감소할 것으로 예상됩니다 while EPS는 연간 14.5% 만큼 쇠퇴할 것으로 예상됩니다.핵심 정보-11.5%이익 성장률-14.50%EPS 성장률Logistics 이익 성장14.2%매출 성장률-14.2%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트20 Apr 2026최근 향후 성장 업데이트Major Estimate Revision • Apr 24Consensus EPS estimates increase by 45%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₫1.24t to ₫1.31t. EPS estimate increased from ₫5,886 to ₫8,550 per share. Net income forecast to grow 11% next year vs 21% growth forecast for Logistics industry in Vietnam. Consensus price target of ₫60,000 unchanged from last update. Share price fell 2.4% to ₫52,700 over the past week.Price Target Changed • Jan 23Price target decreased by 8.7% to ₫74,225Down from ₫81,300, the current price target is an average from 4 analysts. New target price is 33% above last closing price of ₫56,000. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₫6,222 for next year compared to ₫6,547 last year.Price Target Changed • Jan 14Price target decreased by 9.2% to ₫76,033Down from ₫83,717, the current price target is an average from 3 analysts. New target price is 38% above last closing price of ₫55,100. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₫6,222 for next year compared to ₫6,547 last year.Major Estimate Revision • May 31Consensus EPS estimates increase by 32%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₫1.15t to ₫1.13t. EPS estimate rose from ₫4,405 to ₫5,821. Net income forecast to grow 11% next year vs 17% growth forecast for Logistics industry in Vietnam. Consensus price target down from ₫81,650 to ₫79,450. Share price was steady at ₫61,900 over the past week.Price Target Changed • May 30Price target decreased by 8.7% to ₫79,450Down from ₫87,033, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ₫61,900. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₫5,821 for next year compared to ₫6,547 last year.Price Target Changed • Nov 09Price target decreased by 8.3% to ₫87,033Down from ₫94,933, the current price target is an average from 3 analysts. New target price is 6.9% above last closing price of ₫81,400. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₫6,949 for next year compared to ₫4,638 last year.모든 업데이트 보기Recent updatesMajor Estimate Revision • Apr 24Consensus EPS estimates increase by 45%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₫1.24t to ₫1.31t. EPS estimate increased from ₫5,886 to ₫8,550 per share. Net income forecast to grow 11% next year vs 21% growth forecast for Logistics industry in Vietnam. Consensus price target of ₫60,000 unchanged from last update. Share price fell 2.4% to ₫52,700 over the past week.Reported Earnings • Apr 19First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: ₫272.0b (up 2.1% from 1Q 2025). Net income: ₫173.3b (up 2.0% from 1Q 2025). Profit margin: 64% (in line with 1Q 2025). Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 8.1%.Reported Earnings • Mar 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₫7,112 (up from ₫6,547 in FY 2024). Revenue: ₫1.20t (up 15% from FY 2024). Net income: ₫751.1b (up 21% from FY 2024). Profit margin: 63% (up from 60% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 8.0%. 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 8% per year, which means it is significantly lagging earnings.공시 • Mar 10Saigon Cargo Service Corporation, Annual General Meeting, Apr 28, 2026Saigon Cargo Service Corporation, Annual General Meeting, Apr 28, 2026. Location: no. 30 phan thuc duyen street, tan son nhat ward, ho chi minh VietnamPrice Target Changed • Jan 23Price target decreased by 8.7% to ₫74,225Down from ₫81,300, the current price target is an average from 4 analysts. New target price is 33% above last closing price of ₫56,000. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₫6,222 for next year compared to ₫6,547 last year.Price Target Changed • Jan 14Price target decreased by 9.2% to ₫76,033Down from ₫83,717, the current price target is an average from 3 analysts. New target price is 38% above last closing price of ₫55,100. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₫6,222 for next year compared to ₫6,547 last year.Buy Or Sell Opportunity • Jan 14Now 21% overvaluedOver the last 90 days, the stock has fallen 1.1% to ₫55,100. The fair value is estimated to be ₫45,440, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.3%. For the next 3 years, revenue is forecast to decline by 9.4% per annum. Earnings are also forecast to decline by 9.6% per annum over the same time period.Declared Dividend • Dec 11Dividend of ₫2,500 announcedShareholders will receive a dividend of ₫2,500. Ex-date: 19th December 2025 Payment date: 26th January 2026 Dividend yield will be 10%, which is higher than the industry average of 8.9%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio). However, it is covered by cash flows (76% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 7.2% to bring the payout ratio under control. However, EPS is expected to decline by 28% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Buy Or Sell Opportunity • Nov 18Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to ₫56,200. The fair value is estimated to be ₫46,341, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.3%. For the next 3 years, revenue is forecast to decline by 9.4% per annum. Earnings are also forecast to decline by 9.6% per annum over the same time period.Reported Earnings • Oct 21Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₫311.6b (up 17% from 3Q 2024). Net income: ₫204.0b (up 9.8% from 3Q 2024). Profit margin: 66% (down from 70% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 9.4% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 8.0%.Upcoming Dividend • Aug 22Upcoming dividend of ₫3,000 per shareEligible shareholders must have bought the stock before 29 August 2025. Payment date: 15 September 2025. Payout ratio and cash payout ratio are on the higher end at 97% and 77% respectively. Trailing yield: 9.2%. Within top quartile of Vietnamese dividend payers (7.4%). Higher than average of industry peers (3.4%).Reported Earnings • Jul 20Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ₫291.7b (up 11% from 2Q 2024). Net income: ₫188.9b (flat on 2Q 2024). Profit margin: 65% (down from 72% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 8.5% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Major Estimate Revision • May 31Consensus EPS estimates increase by 32%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₫1.15t to ₫1.13t. EPS estimate rose from ₫4,405 to ₫5,821. Net income forecast to grow 11% next year vs 17% growth forecast for Logistics industry in Vietnam. Consensus price target down from ₫81,650 to ₫79,450. Share price was steady at ₫61,900 over the past week.Price Target Changed • May 30Price target decreased by 8.7% to ₫79,450Down from ₫87,033, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ₫61,900. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₫5,821 for next year compared to ₫6,547 last year.Buy Or Sell Opportunity • May 15Now 23% overvaluedOver the last 90 days, the stock has fallen 16% to ₫64,700. The fair value is estimated to be ₫52,787, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 7.0% per annum. Earnings are also forecast to decline by 7.6% per annum over the same time period.공시 • May 13Saigon Cargo Service Corporation, Annual General Meeting, Jun 26, 2025Saigon Cargo Service Corporation, Annual General Meeting, Jun 26, 2025. Location: no. 30, phan thuc duyen street, ward 4, tan binh district, hcmc., VietnamReported Earnings • Apr 20First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: ₫266.3b (up 25% from 1Q 2024). Net income: ₫169.9b (up 15% from 1Q 2024). Profit margin: 64% (down from 69% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 7.0% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 7.6%.New Risk • Apr 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 6.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (97% payout ratio).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₫55,800, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Logistics industry in Asia. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫56,145 per share.Buy Or Sell Opportunity • Apr 01Now 21% overvaluedOver the last 90 days, the stock has fallen 13% to ₫70,000. The fair value is estimated to be ₫57,871, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 26% in the next 2 years.Reported Earnings • Jan 19Full year 2024 earnings released: EPS: ₫7,301 (vs ₫4,638 in FY 2023)Full year 2024 results: EPS: ₫7,301 (up from ₫4,638 in FY 2023). Revenue: ₫1.04t (up 47% from FY 2023). Net income: ₫692.8b (up 58% from FY 2023). Profit margin: 67% (up from 62% in FY 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 8.3%. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year.Declared Dividend • Dec 13Dividend of ₫3,000 announcedShareholders will receive a dividend of ₫3,000. Ex-date: 23rd December 2024 Payment date: 8th January 2025 Dividend yield will be 7.5%, which is lower than the industry average of 8.9%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 26% to bring the payout ratio under control. EPS is expected to grow by 20% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Dec 11Saigon Cargo Service Corporation Announces 2024 Cash Dividend, Payable on January 08, 2025On December 10, 2024, the BOD of Sai Gon Cargo Service Corporation approved the plan for the 1st payment of 2024 cash dividend as follow: Exercise ratio: 30%/par value (VND 3,000/share). Payment time: January 08, 2025. Record date: December 24, 2024.Price Target Changed • Nov 09Price target decreased by 8.3% to ₫87,033Down from ₫94,933, the current price target is an average from 3 analysts. New target price is 6.9% above last closing price of ₫81,400. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₫6,949 for next year compared to ₫4,638 last year.Reported Earnings • Oct 20Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₫265.9b (up 55% from 3Q 2023). Net income: ₫185.8b (up 46% from 3Q 2023). Profit margin: 70% (down from 74% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Logistics industry in Asia.Reported Earnings • Jul 21Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₫264.1b (up 53% from 2Q 2023). Net income: ₫189.5b (up 47% from 2Q 2023). Profit margin: 72% (down from 75% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Logistics industry in Asia.Price Target Changed • Jun 13Price target increased by 7.5% to ₫90,500Up from ₫84,167, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₫87,400. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₫6,163 for next year compared to ₫4,638 last year.Upcoming Dividend • Jun 03Upcoming dividend of ₫3,000 per shareEligible shareholders must have bought the stock before 10 June 2024. Payment date: 26 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.0%. Lower than top quartile of Vietnamese dividend payers (8.7%). Lower than average of industry peers (7.2%).공시 • May 30Sai Gon Cargo Service Corporation Approves to Pay for the Cash Dividend of 2023, Payable on June 26, 2024The Board of Directors of Sai Gon Cargo Service Corporation approved to pay for the last phase of 2023 dividend in cash: Dividend pay-out ratio: 30%/par value (VND 3,000/share). Record date: June 11, 2024. Payment date: June 26, 2024.Reported Earnings • Apr 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: ₫212.8b (up 31% from 1Q 2023). Net income: ₫147.3b (up 30% from 1Q 2023). Profit margin: 69% (in line with 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Logistics industry in Asia.Price Target Changed • Mar 22Price target increased by 9.6% to ₫84,167Up from ₫76,760, the current price target is an average from 3 analysts. New target price is 11% above last closing price of ₫75,500. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₫6,606 for next year compared to ₫4,638 last year.Reported Earnings • Mar 14Full year 2023 earnings released: EPS: ₫4,638 (vs ₫6,161 in FY 2022)Full year 2023 results: EPS: ₫4,638 (down from ₫6,161 in FY 2022). Revenue: ₫704.8b (down 17% from FY 2022). Net income: ₫437.3b (down 24% from FY 2022). Profit margin: 62% (down from 68% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.Price Target Changed • Mar 12Price target increased by 7.3% to ₫79,960Up from ₫74,520, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₫79,500. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₫6,606 for next year compared to ₫5,280 last year.공시 • Mar 10Saigon Cargo Service Corporation, Annual General Meeting, Apr 26, 2024Saigon Cargo Service Corporation, Annual General Meeting, Apr 26, 2024. Location: 30 Phan Thuc Duyen, ward 4, Tan Binh district, HCMC Tan Binh VietnamMajor Estimate Revision • Feb 22Consensus revenue estimates increase by 22%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ₫753.0b to ₫916.0b. EPS estimate increased from ₫5,361 to ₫6,723 per share. Net income forecast to grow 33% next year vs 19% growth forecast for Logistics industry in Vietnam. Consensus price target up from ₫74,520 to ₫76,820. Share price rose 3.9% to ₫75,000 over the past week.Reported Earnings • Jan 21Full year 2023 earnings released: EPS: ₫5,280 (vs ₫6,505 in FY 2022)Full year 2023 results: EPS: ₫5,280 (down from ₫6,505 in FY 2022). Revenue: ₫704.8b (down 17% from FY 2022). Net income: ₫498.3b (down 18% from FY 2022). Profit margin: 71% (down from 72% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 27Upcoming dividend of ₫2,000 per share at 11% yieldEligible shareholders must have bought the stock before 03 January 2024. Payment date: 19 January 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 11%. Within top quartile of Vietnamese dividend payers (8.8%). In line with average of industry peers (11%).공시 • Dec 21Saigon Cargo Service Corporation Announces First Cash Dividend 2023, Payable January 19, 2024On December 18, 2023, the BOD of Sai Gon Cargo Service approved the record date for the 1st cash dividend payment in 2023 as follows: Record date is January 04, 2024. Exercise ratio: 20%/share (VND 2,000 /share). Payment date: January 19, 2024.Reported Earnings • Oct 20Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: ₫171.6b (down 14% from 3Q 2022). Net income: ₫127.6b (down 14% from 3Q 2022). Profit margin: 74% (in line with 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 26Upcoming dividend of ₫3,500 per share at 9.7% yieldEligible shareholders must have bought the stock before 02 August 2023. Payment date: 18 August 2023. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 9.7%. Within top quartile of Vietnamese dividend payers (8.4%). Higher than average of industry peers (4.3%).Reported Earnings • Jul 22Second quarter 2023 earnings released: EPS: ₫1,368 (vs ₫1,629 in 2Q 2022)Second quarter 2023 results: EPS: ₫1,368 (down from ₫1,629 in 2Q 2022). Revenue: ₫172.4b (down 17% from 2Q 2022). Net income: ₫129.1b (down 16% from 2Q 2022). Profit margin: 75% (up from 73% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • Jul 22Sai Gon Cargo Service Corporation Approves Cash Dividend for the Year 2022, Payable on August 18, 2023The Board of Directors of Sai Gon Cargo Service Corporation approved cash dividend of VND 3,500 per share for the year 2022. Record date is August 03, 2023 and Payment date is August 18, 2023.공시 • Jul 06Saigon Cargo Service Corporation Announces Executive ChangesSaigon Cargo Service Corporation appointed Bui Thi Thu Huong as Chairman of the BOD; Mr. Nguyen Quoc Khanh as a member of the BOD cum CEO; Nguyen Ngoc Quy, Mai Xuan Canh, Dao Ngoc Cuong and Chu Trung Kien as member of the BOD cum CEO; Ta Thu Ha as independent member of the BOD cum the person in charge of corporate governance; Vu Thi Hoang Bac asHead of the Supervisory Board; Nguyen Thai Son and To Hien Phuong as Deputy CEO; Ngo Thi Anh Thu as Chief Accountant. All Effective date from June 26, 2023.공시 • May 13Saigon Cargo Service Corporation, Annual General Meeting, Jun 26, 2023Saigon Cargo Service Corporation, Annual General Meeting, Jun 26, 2023. Location: 30 Phan Thuc Duyen, ward 4, Tan Binh district H? Chí Minh VietnamReported Earnings • Mar 19Full year 2022 earnings released: EPS: ₫6,505 (vs ₫5,635 in FY 2021)Full year 2022 results: EPS: ₫6,505 (up from ₫5,635 in FY 2021). Revenue: ₫851.0b (up 1.4% from FY 2021). Net income: ₫610.7b (up 15% from FY 2021). Profit margin: 72% (up from 63% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.Reported Earnings • Jan 19Full year 2022 earnings released: EPS: ₫6,883 (vs ₫5,635 in FY 2021)Full year 2022 results: EPS: ₫6,883 (up from ₫5,635 in FY 2021). Revenue: ₫851.0b (up 1.4% from FY 2021). Net income: ₫646.1b (up 22% from FY 2021). Profit margin: 76% (up from 63% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.공시 • Dec 03Saigon Cargo Service Corporation Announces Cash Dividend for 2022,Payable on December 29, 2022Saigon Cargo Service Corporation announced cash dividend for 2022. Exercise ratio of 30% VND 2,500 dongs per share, Payable on December 29,2022 and Record date of December 12, 2022.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Thuan Cu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Nov 07Price target decreased to ₫87,767Down from ₫99,689, the current price target is an average from 3 analysts. New target price is 20% above last closing price of ₫73,000. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of ₫6,289 for next year compared to ₫5,635 last year.Reported Earnings • Oct 22Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: ₫200.8b (up 17% from 3Q 2021). Net income: ₫148.3b (up 23% from 3Q 2021). Profit margin: 74% (up from 71% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in Asia.Buying Opportunity • Aug 04Now 44% undervalued after recent price dropOver the last 90 days, the stock is down 50%. The fair value is estimated to be ₫157,622, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 8.4%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 51% in the next 2 years.Reported Earnings • Jul 21Second quarter 2022 earnings released: EPS: ₫3,014 (vs ₫2,902 in 2Q 2021)Second quarter 2022 results: EPS: ₫3,014 (up from ₫2,902 in 2Q 2021). Revenue: ₫208.8b (flat on 2Q 2021). Net income: ₫153.0b (up 3.9% from 2Q 2021). Profit margin: 73% (up from 71% in 2Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 18% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • May 24Saigon Cargo Service Corporation Announces Cash Dividend for 2021, Payable on June 8, 2022Saigon Cargo Service Corporation announced cash dividend for 2021. Exercise ratio of 30% (3,000 dongs/share), Payment date of June 08, 2022 and Record date of May 20, 2022.Upcoming Dividend • May 12Upcoming dividend of ₫3,000 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Vietnamese dividend payers (7.0%). Higher than average of industry peers (2.5%).Price Target Changed • May 08Price target increased to ₫175,867Up from ₫160,300, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₫173,800. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₫12,766 for next year compared to ₫10,425 last year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Thuan Cu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Mar 15Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₫10,425 (up from ₫8,510 in FY 2020). Revenue: ₫839.1b (up 21% from FY 2020). Net income: ₫529.0b (up 23% from FY 2020). Profit margin: 63% (in line with FY 2020). Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 18%, compared to a 19% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Jan 23Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: ₫11,127 (up from ₫8,510 in FY 2020). Revenue: ₫839.1b (up 21% from FY 2020). Net income: ₫564.6b (up 31% from FY 2020). Profit margin: 67% (up from 62% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.3%. Over the next year, revenue is forecast to grow 11%, compared to a 23% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • Jul 22Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫211.9b (up 47% from 2Q 2020). Net income: ₫150.4b (up 51% from 2Q 2020). Profit margin: 71% (up from 69% in 2Q 2020). The increase in margin was driven by higher revenue.Upcoming Dividend • Jun 22Upcoming dividend of ₫5,000 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 July 2021. Trailing yield: 5.6%. Lower than top quartile of Vietnamese dividend payers (7.2%). Higher than average of industry peers (4.3%).Reported Earnings • Apr 21First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₫196.1b (up 6.8% from 1Q 2020). Net income: ₫137.3b (up 13% from 1Q 2020). Profit margin: 70% (up from 66% in 1Q 2020). The increase in margin was primarily driven by higher revenue.Reported Earnings • Mar 21Full year 2020 earnings released: EPS ₫8,510 (vs ₫9,307 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₫692.9b (down 7.4% from FY 2019). Net income: ₫430.4b (down 7.7% from FY 2019). Profit margin: 62% (in line with FY 2019).Price Target Changed • Mar 02Price target raised to ₫144,033Up from ₫134,067, the current price target is an average from 3 analysts. The new target price is 7.5% above the current share price of ₫134,000. As of last close, the stock is up 29% over the past year.Is New 90 Day High Low • Jan 11New 90-day high: ₫130,300The company is up 8.0% from its price of ₫120,700 on 13 October 2020. The Vietnamese market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫159,875 per share.Is New 90 Day High Low • Dec 17New 90-day high: ₫129,400The company is up 4.0% from its price of ₫125,000 on 18 September 2020. The Vietnamese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫162,529 per share.Upcoming Dividend • Dec 07Upcoming Dividend of ₫3,000 Per ShareWill be paid on the 30th of December to those who are registered shareholders by the 14th of December. The trailing yield of 6.4% is below the top quartile of Vietnamese dividend payers (8.6%), but it is higher than industry peers (5.4%).공시 • Nov 03Sai Gon Cargo Service Corporation Announces Management ChangesSai Gon Cargo Service Corporation announced personnel change. Ms. Ngo Thi Anh Thu was appointed as Deputy head of the financial & accountant department in charge of the financial & accountant department as from October 29, 2020. Chief Accountant Le Xuan Loc retires from November 01, 2020.Reported Earnings • Oct 18Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫435.0b, down 3.7% from the prior year. Total revenue was ₫694.7b over the last 12 months, down 5.7% from the prior year.공시 • Oct 14Saigon Cargo Service Corporation Announces Board ChangesThe BOD of Saigon Cargo Service Corporation, on October 12, 2020, approved to appoint Mr. Mai Xuan Canh as member of BOD of the company to replace Mr. Pham Bich Vuong. On the same day, Mr. Mai Xuan C?nh is the representative of contributed capital of Sai Gon Cargo Service in 41 Aircraf Repairing One Member Limited Company.이익 및 매출 성장 예측HOSE:SCS - 애널리스트 향후 추정치 및 과거 재무 데이터 (VND Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028789,000500,000381,000N/A112/31/20271,000,333579,333388,000647,500312/31/20261,314,000811,000581,000823,50013/31/20261,202,270678,184709,606722,506N/A12/31/20251,196,643674,816726,304735,167N/A9/30/20251,163,705660,235748,017753,244N/A6/30/20251,118,052642,039737,919748,239N/A3/31/20251,090,412642,511713,029729,588N/A12/31/20241,036,882619,872647,021665,756N/A9/30/2024941,639589,915591,735615,656N/A6/30/2024847,315531,752461,457495,398N/A3/31/2024755,591471,341417,219444,695N/A12/31/2023704,825437,251433,279455,210N/A9/30/2023701,550459,516434,473457,935N/A6/30/2023730,744480,246487,453504,614N/A3/31/2023767,150504,081504,144538,740N/A12/31/2022851,018578,413551,281588,443N/A9/30/2022918,198612,276604,214630,050N/A6/30/2022889,138584,949576,361596,562N/A3/31/2022888,920579,251590,743596,793N/A12/31/2021839,106529,027585,577591,166N/A9/30/2021773,867500,128569,056578,290N/A6/30/2021769,635493,773561,055568,176N/A3/31/2021705,298446,229515,391520,978N/A12/31/2020692,853430,401500,227503,804N/A9/30/2020694,694434,980525,303531,193N/A6/30/2020714,072447,626545,518554,952N/A3/31/2020758,886475,785567,641578,444N/A12/31/2019747,976466,180N/A561,871N/A9/30/2019736,372451,732N/A722,797N/A6/30/2019723,015438,371N/A472,910N/A3/31/2019701,012427,888N/A501,855N/A12/31/2018675,369407,132N/A424,275N/A9/30/2018654,725382,643N/A91,604N/A6/30/2018627,813354,776N/A398,582N/A3/31/2018604,619328,765N/A246,109N/A12/31/2017588,317314,461N/A374,671N/A9/30/2017567,352298,398N/A475,628N/A6/30/2017551,442267,887N/A343,218N/A3/31/2017535,962244,774N/A390,137N/A12/31/2016495,913216,226N/A296,110N/A9/30/2016460,015191,688N/A207,791N/A6/30/2016412,253177,158N/A249,498N/A3/31/2016363,941142,525N/A248,475N/A12/31/2015341,091115,259N/A188,475N/A9/30/2015308,40987,839N/A222,141N/A6/30/2015294,20275,037N/A154,103N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: SCS 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -11.5%).수익 vs 시장: SCS 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -11.5%).고성장 수익: SCS 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: SCS 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -14.2%).고성장 매출: SCS 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -14.2%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: SCS의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YTransportation 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/30 19:54종가2026/05/29 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Saigon Cargo Service Corporation는 5명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullBIDV Securities Joint Stock CompanyDzung Nguyen TienCGS Internationalnull nullFPT Securities2명의 분석가 더 보기
Major Estimate Revision • Apr 24Consensus EPS estimates increase by 45%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₫1.24t to ₫1.31t. EPS estimate increased from ₫5,886 to ₫8,550 per share. Net income forecast to grow 11% next year vs 21% growth forecast for Logistics industry in Vietnam. Consensus price target of ₫60,000 unchanged from last update. Share price fell 2.4% to ₫52,700 over the past week.
Price Target Changed • Jan 23Price target decreased by 8.7% to ₫74,225Down from ₫81,300, the current price target is an average from 4 analysts. New target price is 33% above last closing price of ₫56,000. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₫6,222 for next year compared to ₫6,547 last year.
Price Target Changed • Jan 14Price target decreased by 9.2% to ₫76,033Down from ₫83,717, the current price target is an average from 3 analysts. New target price is 38% above last closing price of ₫55,100. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₫6,222 for next year compared to ₫6,547 last year.
Major Estimate Revision • May 31Consensus EPS estimates increase by 32%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₫1.15t to ₫1.13t. EPS estimate rose from ₫4,405 to ₫5,821. Net income forecast to grow 11% next year vs 17% growth forecast for Logistics industry in Vietnam. Consensus price target down from ₫81,650 to ₫79,450. Share price was steady at ₫61,900 over the past week.
Price Target Changed • May 30Price target decreased by 8.7% to ₫79,450Down from ₫87,033, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ₫61,900. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₫5,821 for next year compared to ₫6,547 last year.
Price Target Changed • Nov 09Price target decreased by 8.3% to ₫87,033Down from ₫94,933, the current price target is an average from 3 analysts. New target price is 6.9% above last closing price of ₫81,400. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₫6,949 for next year compared to ₫4,638 last year.
Major Estimate Revision • Apr 24Consensus EPS estimates increase by 45%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₫1.24t to ₫1.31t. EPS estimate increased from ₫5,886 to ₫8,550 per share. Net income forecast to grow 11% next year vs 21% growth forecast for Logistics industry in Vietnam. Consensus price target of ₫60,000 unchanged from last update. Share price fell 2.4% to ₫52,700 over the past week.
Reported Earnings • Apr 19First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: ₫272.0b (up 2.1% from 1Q 2025). Net income: ₫173.3b (up 2.0% from 1Q 2025). Profit margin: 64% (in line with 1Q 2025). Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 8.1%.
Reported Earnings • Mar 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₫7,112 (up from ₫6,547 in FY 2024). Revenue: ₫1.20t (up 15% from FY 2024). Net income: ₫751.1b (up 21% from FY 2024). Profit margin: 63% (up from 60% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 8.0%. 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 8% per year, which means it is significantly lagging earnings.
공시 • Mar 10Saigon Cargo Service Corporation, Annual General Meeting, Apr 28, 2026Saigon Cargo Service Corporation, Annual General Meeting, Apr 28, 2026. Location: no. 30 phan thuc duyen street, tan son nhat ward, ho chi minh Vietnam
Price Target Changed • Jan 23Price target decreased by 8.7% to ₫74,225Down from ₫81,300, the current price target is an average from 4 analysts. New target price is 33% above last closing price of ₫56,000. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₫6,222 for next year compared to ₫6,547 last year.
Price Target Changed • Jan 14Price target decreased by 9.2% to ₫76,033Down from ₫83,717, the current price target is an average from 3 analysts. New target price is 38% above last closing price of ₫55,100. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₫6,222 for next year compared to ₫6,547 last year.
Buy Or Sell Opportunity • Jan 14Now 21% overvaluedOver the last 90 days, the stock has fallen 1.1% to ₫55,100. The fair value is estimated to be ₫45,440, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.3%. For the next 3 years, revenue is forecast to decline by 9.4% per annum. Earnings are also forecast to decline by 9.6% per annum over the same time period.
Declared Dividend • Dec 11Dividend of ₫2,500 announcedShareholders will receive a dividend of ₫2,500. Ex-date: 19th December 2025 Payment date: 26th January 2026 Dividend yield will be 10%, which is higher than the industry average of 8.9%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio). However, it is covered by cash flows (76% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 7.2% to bring the payout ratio under control. However, EPS is expected to decline by 28% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Buy Or Sell Opportunity • Nov 18Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to ₫56,200. The fair value is estimated to be ₫46,341, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.3%. For the next 3 years, revenue is forecast to decline by 9.4% per annum. Earnings are also forecast to decline by 9.6% per annum over the same time period.
Reported Earnings • Oct 21Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₫311.6b (up 17% from 3Q 2024). Net income: ₫204.0b (up 9.8% from 3Q 2024). Profit margin: 66% (down from 70% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 9.4% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 8.0%.
Upcoming Dividend • Aug 22Upcoming dividend of ₫3,000 per shareEligible shareholders must have bought the stock before 29 August 2025. Payment date: 15 September 2025. Payout ratio and cash payout ratio are on the higher end at 97% and 77% respectively. Trailing yield: 9.2%. Within top quartile of Vietnamese dividend payers (7.4%). Higher than average of industry peers (3.4%).
Reported Earnings • Jul 20Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ₫291.7b (up 11% from 2Q 2024). Net income: ₫188.9b (flat on 2Q 2024). Profit margin: 65% (down from 72% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 8.5% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Major Estimate Revision • May 31Consensus EPS estimates increase by 32%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₫1.15t to ₫1.13t. EPS estimate rose from ₫4,405 to ₫5,821. Net income forecast to grow 11% next year vs 17% growth forecast for Logistics industry in Vietnam. Consensus price target down from ₫81,650 to ₫79,450. Share price was steady at ₫61,900 over the past week.
Price Target Changed • May 30Price target decreased by 8.7% to ₫79,450Down from ₫87,033, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ₫61,900. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₫5,821 for next year compared to ₫6,547 last year.
Buy Or Sell Opportunity • May 15Now 23% overvaluedOver the last 90 days, the stock has fallen 16% to ₫64,700. The fair value is estimated to be ₫52,787, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 7.0% per annum. Earnings are also forecast to decline by 7.6% per annum over the same time period.
공시 • May 13Saigon Cargo Service Corporation, Annual General Meeting, Jun 26, 2025Saigon Cargo Service Corporation, Annual General Meeting, Jun 26, 2025. Location: no. 30, phan thuc duyen street, ward 4, tan binh district, hcmc., Vietnam
Reported Earnings • Apr 20First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: ₫266.3b (up 25% from 1Q 2024). Net income: ₫169.9b (up 15% from 1Q 2024). Profit margin: 64% (down from 69% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 7.0% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 7.6%.
New Risk • Apr 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 6.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (97% payout ratio).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₫55,800, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Logistics industry in Asia. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫56,145 per share.
Buy Or Sell Opportunity • Apr 01Now 21% overvaluedOver the last 90 days, the stock has fallen 13% to ₫70,000. The fair value is estimated to be ₫57,871, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 26% in the next 2 years.
Reported Earnings • Jan 19Full year 2024 earnings released: EPS: ₫7,301 (vs ₫4,638 in FY 2023)Full year 2024 results: EPS: ₫7,301 (up from ₫4,638 in FY 2023). Revenue: ₫1.04t (up 47% from FY 2023). Net income: ₫692.8b (up 58% from FY 2023). Profit margin: 67% (up from 62% in FY 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Logistics industry in Asia are expected to grow by 8.3%. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year.
Declared Dividend • Dec 13Dividend of ₫3,000 announcedShareholders will receive a dividend of ₫3,000. Ex-date: 23rd December 2024 Payment date: 8th January 2025 Dividend yield will be 7.5%, which is lower than the industry average of 8.9%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 26% to bring the payout ratio under control. EPS is expected to grow by 20% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Dec 11Saigon Cargo Service Corporation Announces 2024 Cash Dividend, Payable on January 08, 2025On December 10, 2024, the BOD of Sai Gon Cargo Service Corporation approved the plan for the 1st payment of 2024 cash dividend as follow: Exercise ratio: 30%/par value (VND 3,000/share). Payment time: January 08, 2025. Record date: December 24, 2024.
Price Target Changed • Nov 09Price target decreased by 8.3% to ₫87,033Down from ₫94,933, the current price target is an average from 3 analysts. New target price is 6.9% above last closing price of ₫81,400. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₫6,949 for next year compared to ₫4,638 last year.
Reported Earnings • Oct 20Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₫265.9b (up 55% from 3Q 2023). Net income: ₫185.8b (up 46% from 3Q 2023). Profit margin: 70% (down from 74% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Logistics industry in Asia.
Reported Earnings • Jul 21Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₫264.1b (up 53% from 2Q 2023). Net income: ₫189.5b (up 47% from 2Q 2023). Profit margin: 72% (down from 75% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Logistics industry in Asia.
Price Target Changed • Jun 13Price target increased by 7.5% to ₫90,500Up from ₫84,167, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₫87,400. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₫6,163 for next year compared to ₫4,638 last year.
Upcoming Dividend • Jun 03Upcoming dividend of ₫3,000 per shareEligible shareholders must have bought the stock before 10 June 2024. Payment date: 26 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.0%. Lower than top quartile of Vietnamese dividend payers (8.7%). Lower than average of industry peers (7.2%).
공시 • May 30Sai Gon Cargo Service Corporation Approves to Pay for the Cash Dividend of 2023, Payable on June 26, 2024The Board of Directors of Sai Gon Cargo Service Corporation approved to pay for the last phase of 2023 dividend in cash: Dividend pay-out ratio: 30%/par value (VND 3,000/share). Record date: June 11, 2024. Payment date: June 26, 2024.
Reported Earnings • Apr 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: ₫212.8b (up 31% from 1Q 2023). Net income: ₫147.3b (up 30% from 1Q 2023). Profit margin: 69% (in line with 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Logistics industry in Asia.
Price Target Changed • Mar 22Price target increased by 9.6% to ₫84,167Up from ₫76,760, the current price target is an average from 3 analysts. New target price is 11% above last closing price of ₫75,500. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₫6,606 for next year compared to ₫4,638 last year.
Reported Earnings • Mar 14Full year 2023 earnings released: EPS: ₫4,638 (vs ₫6,161 in FY 2022)Full year 2023 results: EPS: ₫4,638 (down from ₫6,161 in FY 2022). Revenue: ₫704.8b (down 17% from FY 2022). Net income: ₫437.3b (down 24% from FY 2022). Profit margin: 62% (down from 68% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.
Price Target Changed • Mar 12Price target increased by 7.3% to ₫79,960Up from ₫74,520, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₫79,500. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₫6,606 for next year compared to ₫5,280 last year.
공시 • Mar 10Saigon Cargo Service Corporation, Annual General Meeting, Apr 26, 2024Saigon Cargo Service Corporation, Annual General Meeting, Apr 26, 2024. Location: 30 Phan Thuc Duyen, ward 4, Tan Binh district, HCMC Tan Binh Vietnam
Major Estimate Revision • Feb 22Consensus revenue estimates increase by 22%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ₫753.0b to ₫916.0b. EPS estimate increased from ₫5,361 to ₫6,723 per share. Net income forecast to grow 33% next year vs 19% growth forecast for Logistics industry in Vietnam. Consensus price target up from ₫74,520 to ₫76,820. Share price rose 3.9% to ₫75,000 over the past week.
Reported Earnings • Jan 21Full year 2023 earnings released: EPS: ₫5,280 (vs ₫6,505 in FY 2022)Full year 2023 results: EPS: ₫5,280 (down from ₫6,505 in FY 2022). Revenue: ₫704.8b (down 17% from FY 2022). Net income: ₫498.3b (down 18% from FY 2022). Profit margin: 71% (down from 72% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 27Upcoming dividend of ₫2,000 per share at 11% yieldEligible shareholders must have bought the stock before 03 January 2024. Payment date: 19 January 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 11%. Within top quartile of Vietnamese dividend payers (8.8%). In line with average of industry peers (11%).
공시 • Dec 21Saigon Cargo Service Corporation Announces First Cash Dividend 2023, Payable January 19, 2024On December 18, 2023, the BOD of Sai Gon Cargo Service approved the record date for the 1st cash dividend payment in 2023 as follows: Record date is January 04, 2024. Exercise ratio: 20%/share (VND 2,000 /share). Payment date: January 19, 2024.
Reported Earnings • Oct 20Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: ₫171.6b (down 14% from 3Q 2022). Net income: ₫127.6b (down 14% from 3Q 2022). Profit margin: 74% (in line with 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 26Upcoming dividend of ₫3,500 per share at 9.7% yieldEligible shareholders must have bought the stock before 02 August 2023. Payment date: 18 August 2023. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 9.7%. Within top quartile of Vietnamese dividend payers (8.4%). Higher than average of industry peers (4.3%).
Reported Earnings • Jul 22Second quarter 2023 earnings released: EPS: ₫1,368 (vs ₫1,629 in 2Q 2022)Second quarter 2023 results: EPS: ₫1,368 (down from ₫1,629 in 2Q 2022). Revenue: ₫172.4b (down 17% from 2Q 2022). Net income: ₫129.1b (down 16% from 2Q 2022). Profit margin: 75% (up from 73% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • Jul 22Sai Gon Cargo Service Corporation Approves Cash Dividend for the Year 2022, Payable on August 18, 2023The Board of Directors of Sai Gon Cargo Service Corporation approved cash dividend of VND 3,500 per share for the year 2022. Record date is August 03, 2023 and Payment date is August 18, 2023.
공시 • Jul 06Saigon Cargo Service Corporation Announces Executive ChangesSaigon Cargo Service Corporation appointed Bui Thi Thu Huong as Chairman of the BOD; Mr. Nguyen Quoc Khanh as a member of the BOD cum CEO; Nguyen Ngoc Quy, Mai Xuan Canh, Dao Ngoc Cuong and Chu Trung Kien as member of the BOD cum CEO; Ta Thu Ha as independent member of the BOD cum the person in charge of corporate governance; Vu Thi Hoang Bac asHead of the Supervisory Board; Nguyen Thai Son and To Hien Phuong as Deputy CEO; Ngo Thi Anh Thu as Chief Accountant. All Effective date from June 26, 2023.
공시 • May 13Saigon Cargo Service Corporation, Annual General Meeting, Jun 26, 2023Saigon Cargo Service Corporation, Annual General Meeting, Jun 26, 2023. Location: 30 Phan Thuc Duyen, ward 4, Tan Binh district H? Chí Minh Vietnam
Reported Earnings • Mar 19Full year 2022 earnings released: EPS: ₫6,505 (vs ₫5,635 in FY 2021)Full year 2022 results: EPS: ₫6,505 (up from ₫5,635 in FY 2021). Revenue: ₫851.0b (up 1.4% from FY 2021). Net income: ₫610.7b (up 15% from FY 2021). Profit margin: 72% (up from 63% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.
Reported Earnings • Jan 19Full year 2022 earnings released: EPS: ₫6,883 (vs ₫5,635 in FY 2021)Full year 2022 results: EPS: ₫6,883 (up from ₫5,635 in FY 2021). Revenue: ₫851.0b (up 1.4% from FY 2021). Net income: ₫646.1b (up 22% from FY 2021). Profit margin: 76% (up from 63% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
공시 • Dec 03Saigon Cargo Service Corporation Announces Cash Dividend for 2022,Payable on December 29, 2022Saigon Cargo Service Corporation announced cash dividend for 2022. Exercise ratio of 30% VND 2,500 dongs per share, Payable on December 29,2022 and Record date of December 12, 2022.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Thuan Cu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Nov 07Price target decreased to ₫87,767Down from ₫99,689, the current price target is an average from 3 analysts. New target price is 20% above last closing price of ₫73,000. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of ₫6,289 for next year compared to ₫5,635 last year.
Reported Earnings • Oct 22Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: ₫200.8b (up 17% from 3Q 2021). Net income: ₫148.3b (up 23% from 3Q 2021). Profit margin: 74% (up from 71% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in Asia.
Buying Opportunity • Aug 04Now 44% undervalued after recent price dropOver the last 90 days, the stock is down 50%. The fair value is estimated to be ₫157,622, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 8.4%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 51% in the next 2 years.
Reported Earnings • Jul 21Second quarter 2022 earnings released: EPS: ₫3,014 (vs ₫2,902 in 2Q 2021)Second quarter 2022 results: EPS: ₫3,014 (up from ₫2,902 in 2Q 2021). Revenue: ₫208.8b (flat on 2Q 2021). Net income: ₫153.0b (up 3.9% from 2Q 2021). Profit margin: 73% (up from 71% in 2Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 18% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • May 24Saigon Cargo Service Corporation Announces Cash Dividend for 2021, Payable on June 8, 2022Saigon Cargo Service Corporation announced cash dividend for 2021. Exercise ratio of 30% (3,000 dongs/share), Payment date of June 08, 2022 and Record date of May 20, 2022.
Upcoming Dividend • May 12Upcoming dividend of ₫3,000 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Vietnamese dividend payers (7.0%). Higher than average of industry peers (2.5%).
Price Target Changed • May 08Price target increased to ₫175,867Up from ₫160,300, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₫173,800. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₫12,766 for next year compared to ₫10,425 last year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Thuan Cu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 15Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₫10,425 (up from ₫8,510 in FY 2020). Revenue: ₫839.1b (up 21% from FY 2020). Net income: ₫529.0b (up 23% from FY 2020). Profit margin: 63% (in line with FY 2020). Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 18%, compared to a 19% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Jan 23Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: ₫11,127 (up from ₫8,510 in FY 2020). Revenue: ₫839.1b (up 21% from FY 2020). Net income: ₫564.6b (up 31% from FY 2020). Profit margin: 67% (up from 62% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.3%. Over the next year, revenue is forecast to grow 11%, compared to a 23% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • Jul 22Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫211.9b (up 47% from 2Q 2020). Net income: ₫150.4b (up 51% from 2Q 2020). Profit margin: 71% (up from 69% in 2Q 2020). The increase in margin was driven by higher revenue.
Upcoming Dividend • Jun 22Upcoming dividend of ₫5,000 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 July 2021. Trailing yield: 5.6%. Lower than top quartile of Vietnamese dividend payers (7.2%). Higher than average of industry peers (4.3%).
Reported Earnings • Apr 21First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₫196.1b (up 6.8% from 1Q 2020). Net income: ₫137.3b (up 13% from 1Q 2020). Profit margin: 70% (up from 66% in 1Q 2020). The increase in margin was primarily driven by higher revenue.
Reported Earnings • Mar 21Full year 2020 earnings released: EPS ₫8,510 (vs ₫9,307 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₫692.9b (down 7.4% from FY 2019). Net income: ₫430.4b (down 7.7% from FY 2019). Profit margin: 62% (in line with FY 2019).
Price Target Changed • Mar 02Price target raised to ₫144,033Up from ₫134,067, the current price target is an average from 3 analysts. The new target price is 7.5% above the current share price of ₫134,000. As of last close, the stock is up 29% over the past year.
Is New 90 Day High Low • Jan 11New 90-day high: ₫130,300The company is up 8.0% from its price of ₫120,700 on 13 October 2020. The Vietnamese market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫159,875 per share.
Is New 90 Day High Low • Dec 17New 90-day high: ₫129,400The company is up 4.0% from its price of ₫125,000 on 18 September 2020. The Vietnamese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫162,529 per share.
Upcoming Dividend • Dec 07Upcoming Dividend of ₫3,000 Per ShareWill be paid on the 30th of December to those who are registered shareholders by the 14th of December. The trailing yield of 6.4% is below the top quartile of Vietnamese dividend payers (8.6%), but it is higher than industry peers (5.4%).
공시 • Nov 03Sai Gon Cargo Service Corporation Announces Management ChangesSai Gon Cargo Service Corporation announced personnel change. Ms. Ngo Thi Anh Thu was appointed as Deputy head of the financial & accountant department in charge of the financial & accountant department as from October 29, 2020. Chief Accountant Le Xuan Loc retires from November 01, 2020.
Reported Earnings • Oct 18Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫435.0b, down 3.7% from the prior year. Total revenue was ₫694.7b over the last 12 months, down 5.7% from the prior year.
공시 • Oct 14Saigon Cargo Service Corporation Announces Board ChangesThe BOD of Saigon Cargo Service Corporation, on October 12, 2020, approved to appoint Mr. Mai Xuan Canh as member of BOD of the company to replace Mr. Pham Bich Vuong. On the same day, Mr. Mai Xuan C?nh is the representative of contributed capital of Sai Gon Cargo Service in 41 Aircraf Repairing One Member Limited Company.