GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Vinaship JSC (HSTC:VNA) » Definitions » Preferred Stock

Vinaship JSC (HSTC:VNA) Preferred Stock : ₫0.00 Mil (As of . 20)


View and export this data going back to 2017. Start your Free Trial

What is Vinaship JSC Preferred Stock?

Preferred stock is a special equity security that has properties of both equity and debt. Vinaship JSC's preferred stock for the quarter that ended in . 20 was ₫0.00 Mil.

The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. Vinaship JSC's Enterprise Value for the quarter that ended in . 20 was ₫0.00 Mil.

In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. Vinaship JSC's Book Value per Share for the quarter that ended in . 20 was .

Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). Vinaship JSC's Earnings per Share (Diluted) for the six months ended in . 20 was .


Vinaship JSC Preferred Stock Historical Data

The historical data trend for Vinaship JSC's Preferred Stock can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vinaship JSC Preferred Stock Chart

Vinaship JSC Annual Data
Trend
Preferred Stock

Vinaship JSC Semi-Annual Data
Preferred Stock

Vinaship JSC Preferred Stock Calculation

Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.

Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.

Preferred stock comes in many forms. It can be:


Convertible or Non-Convertible
Cumulative or Non-Cumulative
Voting or Non-Voting
Callable or Non-Callable
Maturity Date or No Maturity Date

A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.

Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?

It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.

Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.


Vinaship JSC  (HSTC:VNA) Preferred Stock Explanation

When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.

For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffett’s Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?

1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.

Vinaship JSC's Enterprise Value for the quarter that ended in . 20 is calculated as

2. In the calculation of Book Value, the par value of Preferred Stocks needs to subtracted from total equity.

Vinaship JSC's Book Value per Share for the quarter that ended in . 20 is calculated as

3. Dividends paid to Preferred Stocks need to be subtracted from net income in the calculation of earnings per share.

Vinaship JSC's Earnings per Share (Diluted) (EPS) for the six months ended in . 20 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Vinaship JSC Preferred Stock Related Terms

Thank you for viewing the detailed overview of Vinaship JSC's Preferred Stock provided by GuruFocus.com. Please click on the following links to see related term pages.


Vinaship JSC (HSTC:VNA) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No 1 Hoang Van Thu StreetMinh Khai Ward, Hong Bang District, Hai Phong, VNM
Vinaship JSC is a Vietnam-based shipping company. It engages in shipping activities and provides shipping agency services, transportation services, and freight forwarding. Ship owners, ship operation, Shipping brokers, Warehousing, wharf operating, stevedoring, National, international freight forwarding, Customs clearance, Merchant agency, Shipping agency, and Crew supply.

Vinaship JSC (HSTC:VNA) Headlines

No Headlines