AST.VN Taseco Air Services JSC
- Market cap
- VND 3.03T
- P/E
- 10.1x
- P/B
- 4.70x
- ROE
- 49.5%
- Dividend yield
- 7.67%
- Fundamental score
- 2.7/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is AST.VN undervalued?
Graham numberAST.VN trades 45.6% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Taseco Air Services JSC fundamental analysis
12 of 22 checks passedROE 2/2
High return on equity (49.5%), above 20%.
ROA 1/1
Return on assets (31.1%) is above the industry median (3.6%).
Profit Consistency 1/2
Profitable for 4 consecutive years.
Earnings Growth 5Y 0/1
Earnings per share history is shorter than 5 years.
Earnings Acceleration 0/1
Not enough positive earnings history to compare last year's growth with the 5-year average.
Earnings Growth vs Industry 1/1
Last year's EPS growth (40.3%) is above the industry median (17.5%).
Revenue Growth 2/2
Revenue grew 42.0% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 0/2
Debt to equity cannot be calculated: debt is not reported or equity is negative.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Debt is not reported.
Interest Coverage 1/1
EBIT is 160.6x against interest expense, well covered.
PE vs Market 1/1
PE (9.7x) is below the market median (11.2x).
PE vs Industry 1/1
PE (9.7x) is below the industry median (11.2x).
PBV 0/1
Price to book (4.5x) is above the industry median (1.2x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 43.3, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 2/2
Dividend yield (7.7%) is in the top 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 0/1
Payout ratio is 92.9%, above 90% of earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Taseco Air Services JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Taseco Air Services JSC
Taseco Air Services Joint Stock Company, together with its subsidiaries, engages in airport commercial services in Vietnam. It operates through Trading Goods and Provision of Services in Terminals and Airports; and Provision of Hotel and Restaurant Services segments. The company offers restaurant services and mobile catering, retailing in general trading stores, road passenger transport, currency exchange, and other services It also provides tourism services, short stay acco…
Full company profileTaseco Air Services JSC financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Taseco Air Services JSC annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | - | 359B | 154B | 604B | 1.10T | 1.33T | 1.73T | 2.07T |
| Gross Profit | - | 150B | 43.0B | 319B | 639B | 813B | 1.10T | 1.34T |
| Operating Income | - | -65.5B | -107B | 35.6B | 165B | 254B | 364B | 455B |
| EBITDA | - | - | - | 79.7B | 215B | 293B | 424B | 580B |
| Net Income | - | -49.0B | -118B | 23.1B | 116B | 149B | 250B | 356B |
| EPS | - | - | - | 514 | 2,140 | 3,303 | 4,633 | 6,592 |
| Balance Sheet | ||||||||
| Total Assets | - | 625B | 503B | 579B | 761B | 853B | 1.03T | 1.14T |
| Total Liabilities | - | 84.7B | 90.1B | 123B | 174B | 235B | 344B | 300B |
| Shareholders' Equity | - | 490B | 373B | 395B | 505B | 526B | 587B | 720B |
| Cash & Short-term Investments | - | 40.1B | 8.70B | 72.8B | 101B | 135B | 212B | 193B |
| Cash Flow | ||||||||
| Operating Cash Flow | 210B | -86.0B | -83.7B | 97.6B | 178B | 261B | 311B | 306B |
| Capital Expenditure | 29.4B | 9.88B | 15.7B | 24.0B | 41.6B | 44.7B | 112B | 77.4B |
| Free Cash Flow | - | -95.8B | -99.4B | 73.6B | 137B | 216B | 199B | 229B |
| Ratios | ||||||||
| ROE | - | -10.0% | -31.6% | 5.9% | 22.9% | 28.2% | 42.6% | 49.5% |
| ROA | - | -7.8% | -23.5% | 4.0% | 15.2% | 17.4% | 24.3% | 31.1% |
| Net Profit Margin | - | -13.6% | -76.6% | 3.8% | 10.5% | 11.2% | 14.5% | 17.2% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Taseco Air Services JSC dividends
- Dividend yield
- 7.67%
- Forward dividend
- 2,916.67 VND
- Payout ratio
- 92.9%
- Ex-dividend date
- Jun 2, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 232B | 4,304 | 92.9% |
| 2024 | VND 179B | 3,979 | 120.5% |
| 2023 | VND 13.2B | 244 | 11.4% |
| 2022 | - | - | - |
| 2021 | VND 1.76B | - | - |
| 2020 | VND 137B | - | - |
| 2019 | VND 71.1B | - | - |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 12:10 on Jul 2, 2026.
Who owns Taseco Air Services JSC
- Insiders 79.33%
- Institutions 3.85%
- Public & others 16.83%
- Shares outstanding 54.0M
- Free float 39.1M
Taseco Air Services JSC company profile
- Company name
- Taseco Air Services JSC
- Ticker
- AST.VN
- ISIN
- VN000000AST6
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Airports & Air Services
- Employees
- 1,820
- Fiscal year end
- December
- Address
- Building N02-T1, Hanoi, Vietnam
- Phone
- 84 24 3587 6683
- Website
- tasecoairs.vn
About Taseco Air Services JSC
Taseco Air Services Joint Stock Company, together with its subsidiaries, engages in airport commercial services in Vietnam. It operates through Trading Goods and Provision of Services in Terminals and Airports; and Provision of Hotel and Restaurant Services segments. The company offers restaurant services and mobile catering, retailing in general trading stores, road passenger transport, currency exchange, and other services It also provides tourism services, short stay accommodation services, and pick-up and see-off services; food and beverage services; commercial advertising services; foreign exchange services; and massage services. In addition, it is involved in trading in souvenirs, alcohol, beer, and tobacco, and confectioneries; and operates as a telecommunication service agent. The company was formerly known as Taseco Noi Bai Air Services Joint Stock Company and changed its name to Taseco Air Services Joint Stock Company in May 2017. The company was incorporated in 2015 and is headquartered in Hanoi, Vietnam. Taseco Air Services Joint Stock Company operates as a subsidiary of Thang Long Air Services Corporation.
Taseco Air Services JSC management
6- Mr. Le Anh QuocGeneral Director, CEO, Vice Chairman & Member of Management Board
- Mr. Nguyen Quang HuyDeputy General Director & Member of Management Board
- Ms. Nguyen Thi Thanh PhuongDeputy General Director & Member of Management Board
- Mr. Nguyen Xuan BangDeputy General Director & Member of Management Board
- Mr. Dao Ngoc ThietChief Accountant
- Mr. Tinh Pham VanHead of the Internal Audit Department · born 1968