VJC.VN Vietjet Aviation JSC
- Market cap
- VND 101T
- P/E
- 46.9x
- P/B
- 3.84x
- ROE
- 10.2%
- Dividend yield
- -
- Fundamental score
- 1.4/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is VJC.VN undervalued?
Graham numberVJC.VN trades 183.1% 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?
Vietjet Aviation JSC fundamental analysis
7 of 22 checks passedROE 1/2
Moderate return on equity (10.2%), between 10% and 20%.
ROA 0/1
Return on assets (1.8%) is below the industry median (3.6%).
Profit Consistency 1/2
Profitable for 3 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (38.5%) is not above the 5-year average (93.9% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (38.5%) is above the industry median (17.5%).
Revenue Growth 2/2
Revenue grew 26.9% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 0/1
Current assets do not cover long-term liabilities.
Debt to Equity 0/2
High debt to equity (159.3%), above 100%.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 0/1
EBIT is 1.9x against interest expense, below 5x.
PE vs Market 0/1
PE (46.9x) is above the market median (11.2x).
PE vs Industry 0/1
PE (46.9x) is above the industry median (11.2x).
PBV 0/1
Price to book (3.8x) is above the industry median (1.2x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 180.3, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.50, growth is cheap.
Dividend Yield 0/2
No dividend paid in the last reported year.
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 0/1
No dividend, or no profit to pay it from.
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
Vietjet Aviation JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Vietjet Aviation JSC
VietJet Aviation Joint Stock Company provides passenger and cargo air transportation services to domestic and international air routes. The company also offers airline-related support services; in-flight advertising services; and payment services, as well as trades in and leases aircraft and aircraft components. It covers various domestic and international routes, including Vietnam, Thailand, Singapore, South Korea, Taiwan, Myanmar, Malaysia, Hong Kong, Japan, India, Indones…
Full company profileVietjet Aviation 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.
Vietjet Aviation 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 | 50.6T | 18.2T | 12.9T | 40.1T | 58.3T | 72.0T | 82.1T | 103T |
| Gross Profit | 5.62T | -1.41T | -2.04T | -1.99T | 2.52T | 7.15T | 8.47T | 9.03T |
| Operating Income | 3.80T | -2.39T | -2.76T | -3.82T | -525B | 3.26T | 3.87T | 5.30T |
| EBITDA | - | - | - | -1.19T | 3.16T | 6.13T | 7.61T | 8.49T |
| Net Income | 3.81T | 68.6B | 74.6B | -2.26T | 231B | 1.40T | 2.12T | 2.69T |
| EPS | - | 131 | 142 | -4,177 | 327 | 2,591 | 3,588 | 3,503 |
| Balance Sheet | ||||||||
| Total Assets | 48.9T | 45.2T | 51.7T | 68.0T | 86.9T | 99.5T | 139T | 149T |
| Total Liabilities | 34.0T | 30.2T | 34.8T | 53.1T | 71.7T | 82.6T | 115T | 123T |
| Shareholders' Equity | 14.9T | 15.0T | 16.8T | 14.9T | 15.2T | 16.9T | 24.8T | 26.3T |
| Cash & Short-term Investments | 5.36T | 2.93T | 1.87T | 1.86T | 5.05T | 4.56T | 11.0T | 4.01T |
| Cash Flow | ||||||||
| Operating Cash Flow | -2.03T | -3.21T | -3.55T | -2.39T | -4.25T | -1.68T | 1.83T | 1.99T |
| Capital Expenditure | 2.59T | 294B | 172B | 1.22T | 1.43T | 8.79T | 31.2T | 25.2T |
| Free Cash Flow | -4.62T | -3.50T | -6.73T | -3.61T | -5.67T | -10.5T | -29.4T | -23.2T |
| Ratios | ||||||||
| ROE | 25.5% | 0.5% | 0.4% | -15.2% | 1.5% | 8.3% | 8.6% | 10.2% |
| ROA | 7.8% | 0.2% | 0.1% | -3.3% | 0.3% | 1.4% | 1.5% | 1.8% |
| Net Profit Margin | 7.5% | 0.4% | 0.6% | -5.6% | 0.4% | 1.9% | 2.6% | 2.6% |
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.
Vietjet Aviation JSC dividends
- Dividend yield
- -
- Forward dividend
- -
- Payout ratio
- -
- Ex-dividend date
- Apr 23, 2019
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | - | - | - |
| 2024 | VND 57.8B | 107 | 4.1% |
| 2023 | - | - | - |
| 2022 | - | - | - |
| 2021 | - | - | - |
| 2020 | - | - | - |
| 2019 | VND 543B | - | 14.3% |
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: 130:100 on Jun 16, 2026.
Who owns Vietjet Aviation JSC
- Insiders 47.45%
- Institutions 1.66%
- Public & others 50.89%
- Shares outstanding 769M
- Free float 396M
Vietjet Aviation JSC company profile
- Company name
- Vietjet Aviation JSC
- Ticker
- VJC.VN
- ISIN
- VN000000VJC7
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Airlines
- Employees
- 7,743
- Fiscal year end
- December
- Address
- No. 302/3 Kim Ma Street, Hanoi, Vietnam
- Phone
- 84 24 7108 6668
- Website
- vietjetair.com
About Vietjet Aviation JSC
VietJet Aviation Joint Stock Company provides passenger and cargo air transportation services to domestic and international air routes. The company also offers airline-related support services; in-flight advertising services; and payment services, as well as trades in and leases aircraft and aircraft components. It covers various domestic and international routes, including Vietnam, Thailand, Singapore, South Korea, Taiwan, Myanmar, Malaysia, Hong Kong, Japan, India, Indonesia, Cambodia, China, and Australia. The company was founded in 2007 and is based in Hanoi, Vietnam.
Vietjet Aviation JSC management
10- Ms. Phuong Ngoc Yen HoDeputy General Director, EVP, Director of Finance, CFO, Member of Management Board & Director · born 1967
- Mr. Son Thanh NguyenGeneral Director, Global Chief Commercial Officer & Member of Management Board · born 1971
- Mr. Thang Viet ToDeputy General Director, Standing VP & Member of Management Board · born 1968
- Mr. Michael HickeyMember of Management Board, Group COO & Deputy General Director of Exploitation · born 1963
- Mr. Cang Trong ThaiChief Accountant
- Mr. Phuc The LuongDeputy General Director
- Ms. Thuy Binh Thi NguyenDeputy General Director
- Mr. Thinh Duc NguyenDeputy General Director
- Mr. Quang Xuan DoDeputy General Director
- Mr. Thai Trung NguyenDeputy General Director