HVN.VN Vietnam Airlines JSC

Industrials Airlines Vietnam Stocks
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20,750 VND
Close of Oct 30, 2026
19,300 33,000
Market cap
VND 64.9T
P/E
13.8x
P/B
6.82x
ROE
77.2%
Dividend yield
0.39%
Fundamental score
2.3/5

Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.

Is HVN.VN undervalued?

Graham number
Price20,750
Graham value10,129
Premium104.9%

HVN.VN trades 104.9% 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?

Vietnam Airlines JSC fundamental analysis

10 of 22 checks passed

ROE 2/2

High return on equity (77.2%), above 20%.

ROA 1/1

Return on assets (9.2%) is above the industry median (3.6%).

Profit Consistency 0/2

Not profitable for at least 3 consecutive years.

Earnings Growth 5Y 1/1

Earnings per share grew over the past 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 0/1

Last year's EPS growth (-14.0%) is below the industry median (17.5%).

Revenue Growth 2/2

Revenue grew 19.8% a year over the past 3 years.

Short-term Liquidity 0/1

Current assets do not cover short-term liabilities.

Long-term Liabilities 1/1

Current assets cover long-term liabilities.

Debt to Equity 2/2

Low debt to equity (18.3%), 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 16.3x against interest expense, well covered.

PE vs Market 0/1

PE (13.9x) is above the market median (11.2x).

PE vs Industry 0/1

PE (13.9x) is above the industry median (11.2x).

PBV 0/1

Price to book (6.9x) is above the industry median (1.2x).

Graham Number 0/1

The price is above the Graham number (PE x PB = 95.3, limit 22.5).

PEG 0/1

PEG needs positive PE and positive 5-year earnings growth.

Dividend Yield 0/2

Dividend yield (0.4%) is in 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 0/1

Dividends paid did not grow over the past 5 years.

Payout Ratio 1/1

Payout ratio is 3.5%, 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

Vietnam Airlines JSC stock price

Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.

About Vietnam Airlines JSC

Vietnam Airlines JSC provides air transport services in Vietnam and internationally. The company engages in the transportation of passengers, cargo, luggage, parcels, postal items, and mail. It is also involved in the maintenance and repair of aircraft, engines, and spare parts. In addition, the company provides airline fuel supply and catering, ground, technical, commercial, forwarding, logistics, warehousing, support, IT and telecommunications, labor supply services, aviat…

Full company profile