Viet Nam Airlines JSC (STC:HVN) ROCE %: 103.24% (As of Mar. 2026)


STC:HVN Viet Nam Airlines JSC STC:HVN
79 GF Score
Price ₫23,000.00
GF Value ₫22,191.50
Valuation Fairly Valued
! 3 Warning Signs
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What is Viet Nam Airlines JSC ROCE %?

Viet Nam Airlines JSC STC:HVN -0.86% 79 ROCE % is 103.24% as of Mar. 2026. GuruFocus rates STC:HVN with a GF Score™ of 79/100 and a GF Value™ of ₫22,191.50 (Fairly Valued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Viet Nam Airlines JSC's annualized ROCE % for the quarter that ended in Mar. 2026 was 103.24%.

Viet Nam Airlines JSC  (STC:HVN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Viet Nam Airlines JSC ROCE % Related Terms

Viet Nam Airlines JSC ROCE % Historical Data

* Premium members only.

The historical data trend for Viet Nam Airlines JSC's ROCE % 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 ROCE % Chart

Viet Nam Airlines JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial -47.02 -63.72 -141.50 0.00 101.37

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
ROCE % 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 797.64 328.81 38.99 20.34 103.24
STC:HVN
79GF Score
Viet Nam Airlines JSC STC:HVN
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Viet Nam Airlines JSC ROCE % Calculation

Viet Nam Airlines JSC's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=9006346.287/( ( (58186613.863 - 57159224.874) + (73174881.281 - 56433407.841) )/ 2 )
=9006346.287/( (1027388.989+16741473.44)/ 2 )
=9006346.287/8884431.2145
=101.37 %

Viet Nam Airlines JSC's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=19543088.88/( ( (73174881.281 - 56433407.841) + (79063570.32 - 57946126.251) )/ 2 )
=19543088.88/( ( 16741473.44 + 21117444.069 )/ 2 )
=19543088.88/18929458.7545
=103.24 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 103.24% mean?
Viet Nam Airlines JSC (STC:HVN) has a ROCE % of 103.24% as of Mar. 2026.
Is Viet Nam Airlines JSC's ROCE % too high?
Viet Nam Airlines JSC's current ROCE % is 103.24%. The Transportation industry median ROCE % is 7.74. Viet Nam Airlines JSC's value of 103.24% is 1233.9% above this industry median. Overall, Viet Nam Airlines JSC has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Viet Nam Airlines JSC's ROCE % compare to DAL and UAL?
Viet Nam Airlines JSC's ROCE % of 103.24% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.74. Viet Nam Airlines JSC's value of 103.24% is 1233.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.74, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Viet Nam Airlines JSC's current ROCE % of 103.24% is 1233.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viet Nam Airlines JSC's current ROCE % is 103.24%. 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 ₫22,191.50, compared to a current price of ₫23,000.00 — trading 3.6% above its estimated fair value. The current ROCE % is 103.24% and 1233.9% above the Transportation industry median of 7.74. Viet Nam Airlines JSC's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Viet Nam Airlines JSC (STC:HVN), the current ROCE % is 103.24% as of Mar. 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 ₫23,000.00 is trading 3.6% above its estimated GF Value™ of ₫22,191.50. GuruFocus considers Viet Nam Airlines JSC to be Fairly Valued.

Key valuation signals for STC:HVN:

  • ROCE %: 103.24%
  • GF Value™: ₫22,191.50 vs. price of ₫23,000.00 (3.6% above fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 1233.9% above the Transportation median

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.
79GF Score

Get the complete analysis for STC:HVN

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

₫23,000.00
Price
₫22,191.50
GF Value