Viet Nam Airlines JSC (STC:HVN) ROE %: 216.15% (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 ROE %?

Viet Nam Airlines JSC STC:HVN -0.86% 79 ROE % is 216.15% 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. Among 991 Transportation companies, Viet Nam Airlines JSC ranks better than 98.28% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Viet Nam Airlines JSC's annualized net income for the quarter that ended in Mar. 2026 was ₫17,552,047 Mil. Viet Nam Airlines JSC's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₫8,120,380 Mil. Therefore, Viet Nam Airlines JSC's annualized ROE % for the quarter that ended in Mar. 2026 was 216.15%.

The historical rank and industry rank for Viet Nam Airlines JSC's ROE % or its related term are showing as below:

STC:HVN' s ROE % Range Over the Past 10 Years
Min: -329.31   Med: -38.2   Max: 360.27
Current: 360.27

During the past 8 years, Viet Nam Airlines JSC's highest ROE % was 360.27%. The lowest was -329.31%. And the median was -38.20%.

STC:HVN's ROE % is ranked better than
98.28% of 991 companies
in the Transportation industry
Industry Median: 7.62 vs STC:HVN: 360.27

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

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=17552046.884/8120380.401
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(17552046.884 / 147531004.348)*(147531004.348 / 76119225.8005)*(76119225.8005 / 8120380.401)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.9 %*1.9382*9.3738
=ROA %*Equity Multiplier
=23.06 %*9.3738
=216.15 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=17552046.884/8120380.401
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (17552046.884 / 18720636.704) * (18720636.704 / 19438219.52) * (19438219.52 / 147531004.348) * (147531004.348 / 76119225.8005) * (76119225.8005 / 8120380.401)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9376 * 0.9631 * 13.18 % * 1.9382 * 9.3738
=216.15 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Viet Nam Airlines JSC ROE % Related Terms


Viet Nam Airlines JSC ROE % Historical Data

* Premium members only.

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

Viet Nam Airlines JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial -329.31 0.00 0.00 Negative Equity Negative Equity

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
ROE % 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 Negative Equity Negative Equity 269.98 29.72 216.15

STC:HVN vs DAL, UAL, LUV: ROE % Comparison

For the Airlines subindustry, Viet Nam Airlines JSC's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Transportation Industry

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

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


STC:HVN
79GF Score
Viet Nam Airlines JSC STC:HVN
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Viet Nam Airlines JSC ROE % Calculation

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

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=7204392.412/( (-10016715.153+5930910.977)/ 2 )
=7204392.412/-2042902.088
=Negative Equity %

Viet Nam Airlines JSC's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=17552046.884/( (5930910.977+10309849.825)/ 2 )
=17552046.884/8120380.401
=216.15 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 216.15% mean?
Viet Nam Airlines JSC (STC:HVN) has a ROE % of 216.15% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Viet Nam Airlines JSC and its competitors. According to the industry distribution chart, Viet Nam Airlines JSC ranks #17 out of 991 companies in the Transportation industry, placing it in the top 1.7%.
Is Viet Nam Airlines JSC's ROE % too high?
Viet Nam Airlines JSC's current ROE % is 216.15%. The Transportation industry median ROE % is 7.62. Viet Nam Airlines JSC's value of 216.15% is 2736.6% above this industry median. Based on the distribution chart, Viet Nam Airlines JSC ranks #17 out of 991 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. 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 ROE % compare to DAL and UAL?
According to the Transportation industry distribution chart, Viet Nam Airlines JSC ranks #17 out of 991 companies for ROE %. This places Viet Nam Airlines JSC in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 7.62. Viet Nam Airlines JSC's value of 216.15% is 2736.6% 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 ROE % for a Transportation company?
The median ROE % among Transportation companies is 7.62, based on 991 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Viet Nam Airlines JSC's current ROE % of 216.15% is 2736.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Viet Nam Airlines JSC and its competitors. For the Transportation industry, the median ROE % is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viet Nam Airlines JSC's current ROE % is 216.15%. 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 ROE % is 216.15% and 2736.6% above the Transportation industry median of 7.62. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Viet Nam Airlines JSC (STC:HVN), the current ROE % is 216.15% 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:

  • ROE %: 216.15%
  • 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: 2736.6% above the Transportation median (#17 of 991)

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

ROE % 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