Viet Nam Airlines JSC (STC:HVN) Enterprise Value: ₫66,251,373 Mil (As of Jul. 01, 2026) ***


STC:HVN Viet Nam Airlines JSC STC:HVN
84 GF Score
Price ₫23,500.00
GF Value ₫22,848.81
Valuation Fairly Valued
! 3 Warning Signs
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What is Viet Nam Airlines JSC Enterprise Value?

Viet Nam Airlines JSC STC:HVN 84 Enterprise Value is ₫66,251,373 Mil as of Jul. 01, 2026. GuruFocus rates STC:HVN with a GF Score™ of 84/100 and a GF Value™ of ₫22,848.81 (Fairly Valued). The stock has 3 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Viet Nam Airlines JSC's Enterprise Value is ₫66,251,373 Mil. Viet Nam Airlines JSC's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₫10,091,755 Mil. Therefore, Viet Nam Airlines JSC's EV-to-EBIT ratio for today is 6.56.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Viet Nam Airlines JSC's Enterprise Value is ₫66,251,373 Mil. Viet Nam Airlines JSC's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₫14,889,013 Mil. Therefore, Viet Nam Airlines JSC's EV-to-EBITDA ratio for today is 4.45.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Viet Nam Airlines JSC's Enterprise Value is ₫66,251,373 Mil. Viet Nam Airlines JSC's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₫127,513,473 Mil. Therefore, Viet Nam Airlines JSC's EV-to-Revenue ratio for today is 0.52.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Viet Nam Airlines JSC's Enterprise Value is ₫66,251,373 Mil. Viet Nam Airlines JSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ₫15,340,555 Mil. Therefore, Viet Nam Airlines JSC's EV-to-OCF ratio for today is 4.32.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Viet Nam Airlines JSC's Enterprise Value is ₫66,251,373 Mil. Viet Nam Airlines JSC's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₫11,590,132 Mil. Therefore, Viet Nam Airlines JSC's EV-to-FCF ratio for today is 5.72.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Viet Nam Airlines JSC  (STC:HVN) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Viet Nam Airlines JSC's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=66251373.309/10091755.494
=6.56

Viet Nam Airlines JSC's current Enterprise Value is ₫66,251,373 Mil.
Viet Nam Airlines JSC's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫10,091,755 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Viet Nam Airlines JSC's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=66251373.309/14889013.322
=4.45

Viet Nam Airlines JSC's current Enterprise Value is ₫66,251,373 Mil.
Viet Nam Airlines JSC's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫14,889,013 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Viet Nam Airlines JSC's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=66251373.309/127513472.717
=0.52

Viet Nam Airlines JSC's current Enterprise Value is ₫66,251,373 Mil.
Viet Nam Airlines JSC's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫127,513,473 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Viet Nam Airlines JSC's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=66251373.309/15340555.338
=4.32

Viet Nam Airlines JSC's current Enterprise Value is ₫66,251,373 Mil.
Viet Nam Airlines JSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫15,340,555 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Viet Nam Airlines JSC's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=66251373.309/11590132.129
=5.72

Viet Nam Airlines JSC's current Enterprise Value is ₫66,251,373 Mil.
Viet Nam Airlines JSC's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫11,590,132 Mil.

* 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.


Viet Nam Airlines JSC Enterprise Value Related Terms


Viet Nam Airlines JSC Enterprise Value Historical Data

* Premium members only.

The historical data trend for Viet Nam Airlines JSC's Enterprise Value 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.

Viet Nam Airlines JSC Enterprise Value Chart

Viet Nam Airlines JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial 81,137,414.15 56,168,598.51 51,512,176.96 78,955,721.65 73,424,230.15

Viet Nam Airlines JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 77,345,485.92 95,507,974.08 96,903,706.83 73,424,230.15 59,406,072.75

STC:HVN vs DAL, UAL, LUV: Enterprise Value Comparison

For the Airlines subindustry, Viet Nam Airlines JSC's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Viet Nam Airlines JSC Enterprise Value vs Transportation Industry

For the Transportation industry and Industrials sector, Viet Nam Airlines JSC's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Viet Nam Airlines JSC's Enterprise Value falls into.


STC:HVN
84GF Score
Viet Nam Airlines JSC STC:HVN
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Viet Nam Airlines JSC Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Viet Nam Airlines JSC's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Enterprise Value (A: Dec. 2025 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=77476300.2+0+3725108.05
+Short-Term Debt & Capital Lease Obligation+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+9378738.749+798753.979-17954670.83
=73,424,230

Viet Nam Airlines JSC's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

Enterprise Value (Q: Mar. 2026 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=66274907.4+0+3209021.363
+Short-Term Debt & Capital Lease Obligation+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+9217768.503+922322.62-20217947.135
=59,406,073

* 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of ₫66,251,373 Mil mean?
Viet Nam Airlines JSC (STC:HVN) has a Enterprise Value of ₫66,251,373 Mil as of Jul. 01, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Viet Nam Airlines JSC and its competitors.
Is Viet Nam Airlines JSC's Enterprise Value too high?
Viet Nam Airlines JSC's current Enterprise Value is ₫66,251,373 Mil. Overall, Viet Nam Airlines JSC has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Viet Nam Airlines JSC's Enterprise Value compare to DAL and UAL?
Viet Nam Airlines JSC's Enterprise Value of ₫66,251,373 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Transportation company?
A good Enterprise Value depends on the Transportation industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Viet Nam Airlines JSC and its competitors. Viet Nam Airlines JSC's current Enterprise Value is ₫66,251,373 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet Nam Airlines JSC stock overvalued right now?
Based on GuruFocus' analysis, Viet Nam Airlines JSC (STC:HVN) is currently considered Fairly Valued. The stock's GF Value™ is ₫22,848.81, compared to a current price of ₫23,500.00 — trading 2.8% above its estimated fair value. The current Enterprise Value is ₫66,251,373 Mil. Viet Nam Airlines JSC's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Viet Nam Airlines JSC (STC:HVN), the current Enterprise Value is ₫66,251,373 Mil as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Viet Nam Airlines JSC (STC:HVN) Overvalued in 2026?

Based on GuruFocus' analysis, Viet Nam Airlines JSC stock appears to be overvalued. The current stock price of ₫23,500.00 is trading 2.8% above its estimated GF Value™ of ₫22,848.81. GuruFocus considers Viet Nam Airlines JSC to be Fairly Valued.

Key valuation signals for STC:HVN:

  • Enterprise Value: ₫66,251,373 Mil
  • GF Value™: ₫22,848.81 vs. price of ₫23,500.00 (2.8% above fair value)
  • GF Score™: 84/100 with 3 warning signs

No single metric tells the full story. See the STC:HVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Viet Nam Airlines JSC Business Description

Address Number 200 Nguyen Son, Bo De Ward, Long Bien District, Hanoi, VNM
Viet Nam Airlines JSC is an airline service provider in Vietnam. The company provides air transportation of passengers, air transportation of luggage, cargos, parcels, postal items and mails and activities of general aviation including aerial photography of the terrain, geological surveys and flight calibration of air stations among others.
84GF Score

Get the complete analysis for STC:HVN

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫23,500.00
Price
₫22,848.81
GF Value