HAH.VN Hai An Transport and Stevedoring JSC
- Market cap
- VND 9.31T
- P/E
- 7.6x
- P/B
- 1.75x
- ROE
- 24.4%
- Dividend yield
- 1.68%
- Fundamental score
- 4.3/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is HAH.VN undervalued?
Graham numberHAH.VN trades 23.4% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Hai An Transport and Stevedoring JSC fundamental analysis
20 of 22 checks passedROE 2/2
High return on equity (24.4%), above 20%.
ROA 1/1
Return on assets (12.9%) is above the industry median (10.2%).
Profit Consistency 2/2
Profitable for 6 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (73.3%) is above the 5-year average (42.7% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (73.3%) is above the industry median (-1.1%).
Revenue Growth 2/2
Revenue grew 16.7% 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 2/2
Low debt to equity (30.2%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 16.1x against interest expense, well covered.
PE vs Market 1/1
PE (7.5x) is below the market median (11.2x).
PE vs Industry 1/1
PE (7.5x) is below the industry median (10.7x).
PBV 0/1
Price to book (1.7x) is above the industry median (1.5x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 13.1, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.18, growth is cheap.
Dividend Yield 1/2
Dividend yield (1.7%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 13.0%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Hai An Transport and Stevedoring JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Hai An Transport and Stevedoring JSC
Hai An Transport And Stevedoring Joint Stock Company, together with its subsidiaries, engages in port operation, sea transport, shipping agency, and logistics operations in Vietnam. The company operates through Vessel Operation, Port Operation, and Others segments. It also involved in the stevedoring, delivery, and preservation of cargoes; sea transport and inland trucking; agency and shipping agent; export/import, warehouse, and storage of cargoes; cleaning and repairing of…
Full company profileHai An Transport and Stevedoring JSC financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Hai An Transport and Stevedoring 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 | - | 1.19T | 1.96T | 3.21T | 2.61T | 3.99T | 5.09T | 5.62T |
| Gross Profit | - | 239B | 714B | 1.42T | 611B | 1.27T | 1.96T | 2.18T |
| Operating Income | - | 171B | 627B | 1.31T | 475B | 1.06T | 1.82T | 2.02T |
| EBITDA | - | - | - | 1.61T | 888B | 1.54T | 2.44T | 2.72T |
| Net Income | - | 138B | 446B | 822B | 385B | 650B | 1.21T | 1.33T |
| EPS | - | 1,208 | 3,893 | - | 2,440 | 4,124 | 7,145 | 7,084 |
| Balance Sheet | ||||||||
| Total Assets | - | 2.09T | 3.23T | 5.05T | 5.36T | 7.36T | 8.71T | 10.3T |
| Total Liabilities | - | 759B | 1.33T | 2.16T | 2.19T | 3.32T | 3.32T | 3.85T |
| Shareholders' Equity | - | 1.07T | 1.55T | 2.31T | 2.66T | 3.28T | 4.51T | 5.48T |
| Cash & Short-term Investments | - | 221B | 485B | 415B | 245B | 922B | 534B | 1.16T |
| Cash Flow | ||||||||
| Operating Cash Flow | 184B | 277B | 790B | 1.29T | 536B | 1.81T | 1.81T | 2.16T |
| Capital Expenditure | 198B | 349B | 620B | 1.60T | 866B | 2.09T | 1.66T | 1.26T |
| Free Cash Flow | - | -72.1B | 170B | -309B | -330B | -281B | 146B | 904B |
| Ratios | ||||||||
| ROE | - | 12.9% | 28.7% | 35.6% | 14.5% | 19.9% | 26.8% | 24.4% |
| ROA | - | 6.6% | 13.8% | 16.3% | 7.2% | 8.8% | 13.8% | 12.9% |
| Net Profit Margin | - | 11.6% | 22.8% | 25.6% | 14.7% | 16.3% | 23.7% | 23.7% |
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.
Hai An Transport and Stevedoring JSC dividends
- Dividend yield
- 1.68%
- Forward dividend
- 2,000.00 VND
- Payout ratio
- 13.0%
- Ex-dividend date
- Jul 14, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 157B | 929 | 13.0% |
| 2024 | VND 16.0M | 0.10 | 0.0% |
| 2023 | VND 9.76B | 62 | 2.5% |
| 2022 | VND 68.6B | - | 8.3% |
| 2021 | VND 67.1B | 586 | 15.1% |
| 2020 | VND 47.3B | 413 | 34.2% |
| 2019 | VND 72.3B | - | - |
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: 13:10 on Aug 7, 2025.
Who owns Hai An Transport and Stevedoring JSC
- Insiders 45.00%
- Institutions 23.15%
- Public & others 31.85%
- Shares outstanding 188M
- Free float 95.9M
Hai An Transport and Stevedoring JSC company profile
- Company name
- Hai An Transport and Stevedoring JSC
- Ticker
- HAH.VN
- ISIN
- VN000000HAH4
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Marine Shipping
- Employees
- 847
- Fiscal year end
- December
- Address
- No.45 Trieu Viet Vuong Street, Hanoi, Vietnam
- Phone
- 84 4 3987 7515
- Website
- haiants.vn
About Hai An Transport and Stevedoring JSC
Hai An Transport And Stevedoring Joint Stock Company, together with its subsidiaries, engages in port operation, sea transport, shipping agency, and logistics operations in Vietnam. The company operates through Vessel Operation, Port Operation, and Others segments. It also involved in the stevedoring, delivery, and preservation of cargoes; sea transport and inland trucking; agency and shipping agent; export/import, warehouse, and storage of cargoes; cleaning and repairing of containers; vessel towing and supporting; sea container transportation; and safety management and ship engineering businesses. In addition, the company offers forwarding, LOLO, customs, freight forwarding, customs clearance and transport related packaging, depot, and door to door services. Hai An Transport And Stevedoring Joint Stock Company was incorporated in 2009 and is headquartered in Hanoi, Vietnam.
Hai An Transport and Stevedoring JSC management
4- Mr. Tuan Ngoc NguyenCEO, Member of Executive Board & Director
- Mr. Khanh Quang PhamDeputy CEO & Member of Executive Board
- Mr. Hanh Doan VuDeputy GM & Member of Executive Board
- Ms. Hao Thanh Thi TranChief Accountant & Member of Executive Board