SGN.VN Sai Gon Ground Services JSC
- Market cap
- VND 1.98T
- P/E
- 8.9x
- P/B
- 1.52x
- ROE
- 21.8%
- Dividend yield
- 4.23%
- Fundamental score
- 2.7/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is SGN.VN undervalued?
Graham numberSGN.VN trades 22.3% 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?
Sai Gon Ground Services JSC fundamental analysis
13 of 22 checks passedROE 2/2
High return on equity (21.8%), above 20%.
ROA 1/1
Return on assets (13.1%) is above the industry median (3.6%).
Profit Consistency 2/2
Profitable for 5 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 0/1
Last year's EPS growth (-17.1%) is below the industry median (17.5%).
Revenue Growth 1/2
Revenue grew 7.6% 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
No interest expense reported.
PE vs Market 1/1
PE (8.7x) is below the market median (11.2x).
PE vs Industry 1/1
PE (8.7x) is below the industry median (11.2x).
PBV 0/1
Price to book (1.5x) is above the industry median (1.2x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 12.9, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 1/2
Dividend yield (4.2%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 1/2
Dividends paid without a cut of more than 10% for 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 41.3%, 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
Sai Gon Ground Services JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Sai Gon Ground Services JSC
Saigon Ground Services Joint Stock Company provides ground services to international and domestic airlines at Tan Son Nhat International Airport in Vietnam. The company provides direct manufacturing at airports and aerodromes; operation of infrastructures, facilities, and equipment of airports and aerodromes; maintenance services for aircrafts, aeronautical equipment and devices, and other technical facilities; and technical services and science and technology services. It a…
Full company profileSai Gon Ground 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.
Sai Gon Ground 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 | - | - | 488B | 995B | 1.46T | 1.28T | 1.24T | 1.57T |
| Gross Profit | - | - | 107B | 271B | 455B | 395B | 351B | 522B |
| Operating Income | - | - | 49.8B | 157B | 254B | 269B | 195B | 303B |
| EBITDA | - | - | - | 286B | 384B | 337B | 254B | 349B |
| Net Income | - | - | 53.6B | 138B | 227B | 245B | 203B | 262B |
| EPS | - | - | - | 4,115 | 6,784 | 7,301 | 6,050 | 7,833 |
| Balance Sheet | ||||||||
| Total Assets | - | - | 939B | 1.08T | 1.29T | 1.27T | 1.40T | 2.00T |
| Total Liabilities | - | - | 118B | 215B | 277B | 249B | 298B | 488B |
| Shareholders' Equity | - | - | 776B | 820B | 938B | 1.02T | 1.10T | 1.20T |
| Cash & Short-term Investments | - | - | 336B | 127B | 322B | 304B | 142B | 444B |
| Cash Flow | ||||||||
| Operating Cash Flow | 350B | 75.8B | 188B | 186B | 354B | 388B | 200B | 249B |
| Capital Expenditure | 243B | 111B | 373M | 8.22B | 73.9B | 58.8B | 27.3B | 211B |
| Free Cash Flow | - | - | 188B | 178B | 280B | 329B | 173B | 37.4B |
| Ratios | ||||||||
| ROE | - | - | 6.9% | 16.8% | 24.2% | 24.0% | 18.4% | 21.8% |
| ROA | - | - | 5.7% | 12.8% | 17.6% | 19.3% | 14.5% | 13.1% |
| Net Profit Margin | - | - | 11.0% | 13.9% | 15.6% | 19.1% | 16.3% | 16.8% |
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.
Sai Gon Ground Services JSC dividends
- Dividend yield
- 4.23%
- Forward dividend
- 2,500.00 VND
- Payout ratio
- 41.3%
- Ex-dividend date
- Nov 4, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 83.7B | 2,500 | 41.3% |
| 2024 | VND 83.8B | 2,500 | 34.2% |
| 2023 | VND 83.8B | 2,500 | 36.9% |
| 2022 | VND 83.8B | 2,500 | 60.7% |
| 2021 | VND 83.8B | - | 156.4% |
| 2020 | VND 134B | - | - |
| 2019 | VND 71.9B | - | - |
| 2018 | - | - | - |
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: 140:100 on May 21, 2019.
Who owns Sai Gon Ground Services JSC
- Insiders 82.74%
- Institutions 0.00%
- Public & others 17.26%
- Shares outstanding 33.5M
- Free float 5.93M
Sai Gon Ground Services JSC company profile
- Company name
- Sai Gon Ground Services JSC
- Ticker
- SGN.VN
- ISIN
- VN000000SGN6
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Airports & Air Services
- Employees
- 1,969
- Fiscal year end
- December
- Address
- No. 58, Truong Son Street, Ho Chi Minh City, Vietnam
- Phone
- 84 28 3547 4999
- Website
- sags.vn
About Sai Gon Ground Services JSC
Saigon Ground Services Joint Stock Company provides ground services to international and domestic airlines at Tan Son Nhat International Airport in Vietnam. The company provides direct manufacturing at airports and aerodromes; operation of infrastructures, facilities, and equipment of airports and aerodromes; maintenance services for aircrafts, aeronautical equipment and devices, and other technical facilities; and technical services and science and technology services. It also offers services for ground handling services; passenger and cargo terminals; purchase and sell aeronautical materials, equipment, and devices; and agent services for carriers, tourism and transport companies, manufacturers and suppliers of aircraft materials, equipment, and aeronautical facilities. In addition, the company provides aeronautical services; supply of aeronautical gasoline, lubricant, such as fuel, lubricant, specialized liquid, and other types of gasoline; warehouse, goods forwarding, repairing and installing electronic equipment, specialized mechanical, and civil engineering services. Saigon Ground Services Joint Stock Company was founded in 2004 and is based in Ho Chi Minh City, Vietnam.
Sai Gon Ground Services JSC management
6- Mr. Anh Tuan BuiGeneral Director, Chairman of the Management Board & Director
- Mr. Nguyen Danh PhungChief Accountant & Member of Management Board
- Mr. Trung Kien HuaDeputy CEO & Member of Management Board
- Ms. Oanh Thi Hoang LeDeputy CEO & Member of Management Board
- Mr. Tien Duc NguyenDeputy CEO & Member of Management Board
- Ms. Luong Thi Tram MyDeputy CEO & Member of Management Board