Airports of VietnamHSTC:ACV -0.23%88 Altman Z-Score is 5.82 as of Jul. 04, 2026, which is 50% below its 10-year median of 11.55. GuruFocus rates HSTC:ACV with a GF Score™ of 88/100 and a GF Value™ of ₫106,861.29 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 994 Transportation companies, Airports of Vietnam ranks better than 88.53% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 5.83 is strong.
Airports of Vietnam has a Altman Z-Score of 5.82, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Airports of Vietnam's Altman Z-Score or its related term are showing as below:
HSTC:ACV'
s Altman Z-Score Range Over the Past 10 Years
Min: 5.83 Med: 11.55 Max: 17.7
Current: 5.83
During the past 10 years, Airports of Vietnam's highest Altman Z-Score was 17.70. The lowest was 5.83. And the median was 11.55.
Airports of Vietnam (HSTC:ACV) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Airports of Vietnam Altman Z-Score Related Terms
Airports of Vietnam Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Airports of Vietnam's Altman Z-Score 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.
For the Airports & Air Services subindustry, Airports of Vietnam's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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.
Airports of Vietnam Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Airports of Vietnam's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Airports of Vietnam's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Airports of Vietnam's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.1711
+
1.4
*
0.222
+
3.3
*
0.1653
+
0.6
*
7.4436
+
1.0
*
0.2886
=
5.82
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Trailing Twelve Months (TTM) ended in Dec. 2025: Total Assets was ₫89,955,277 Mil. Total Current Assets was ₫26,706,302 Mil. Total Current Liabilities was ₫11,311,618 Mil. Retained Earnings was ₫19,969,157 Mil. Pre-Tax Income was 3753915.785 + 3975499.401 + 3212083.357 + 3865478.125 = ₫14,806,977 Mil. Interest Expense was -14373.781 + -15349.084 + -15904.747 + -14834.817 = ₫-60,462 Mil. Revenue was 6794338.861 + 6476396.663 + 6340127.748 + 6350066.131 = ₫25,960,929 Mil. Market Cap (Today) was ₫156,189,327 Mil. Total Liabilities was ₫20,982,953 Mil.
* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.
Airports of Vietnam (HSTC:ACV) has a Altman Z-Score of 5.82 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Airports of Vietnam and its competitors. This is 50% below median its historical median of 11.55. Over the past decade, Airports of Vietnam's Altman Z-Score has ranged from 5.83 to 17.70. According to the industry distribution chart, Airports of Vietnam ranks #114 out of 994 companies in the Transportation industry, placing it in the top 11.5%.
Is Airports of Vietnam's Altman Z-Score too high?
Airports of Vietnam's current Altman Z-Score of 5.82 is 50% below median its 10-year median of 11.55. Over the past 10 years, this metric has ranged from a low of 5.83 to a high of 17.70. The Transportation industry median Altman Z-Score is 2.27. Airports of Vietnam's value of 5.82 is 156.4% above this industry median. Based on the distribution chart, Airports of Vietnam ranks #114 out of 994 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Airports of Vietnam has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Airports of Vietnam's Altman Z-Score compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Airports of Vietnam ranks #114 out of 994 companies for Altman Z-Score. This places Airports of Vietnam in the top 12% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.27. Airports of Vietnam's value of 5.82 is 156.4% above this benchmark. Historically, Airports of Vietnam's own Altman Z-Score has ranged from 5.83 to 17.70 over the past decade. While the company's 10-year median is 11.55 vs. the industry median of 2.27, Airports of Vietnam has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 994 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Airports of Vietnam's current Altman Z-Score of 5.82 is 156.4% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Airports of Vietnam and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airports of Vietnam's current Altman Z-Score is 5.82, which is 50% below median its own 10-year median of 11.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airports of Vietnam stock overvalued right now?
Based on GuruFocus' analysis, Airports of Vietnam (HSTC:ACV) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫106,861.29, compared to a current price of ₫43,600.00 — trading 59.2% below its estimated fair value. The current Altman Z-Score is 5.82, which is 50% below median its 10-year median of 11.55 and 156.4% above the Transportation industry median of 2.27. Airports of Vietnam's overall GF Score™ is 88/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Airports of Vietnam (HSTC:ACV), the current Altman Z-Score is 5.82 as of Jul. 04, 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 Airports of Vietnam (HSTC:ACV) Overvalued in 2026?
Based on GuruFocus' analysis, Airports of Vietnam stock appears to be undervalued.
The current stock price of ₫43,600.00 is trading 59.2% below its estimated GF Value™ of ₫106,861.29.
GuruFocus considers Airports of Vietnam to be Significantly Undervalued.
Key valuation signals for HSTC:ACV:
Altman Z-Score: 5.82 (50% below median its 10-year median of 11.55)
GF Value™: ₫106,861.29 vs. price of ₫43,600.00 (59.2% below fair value)
Industry Position: 156.4% above the Transportation median (#114 of 994)
No single metric tells the full story. See the HSTC:ACV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Airports Corp. of Vietnam is engaged in managing international and domestic airports. The company is involved in investment, management of capital investments, direct manufacturing at airports, and aerodromes; Provision of services of aviation safety; Supply of technical services, science and technology services both domestic and offshore areas; and other related activities.
88GF Score
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