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Saigon Cargo Service Corp.

Saigon Cargo Service Corp.

HHOSE:SCS
40,900.00
VND
+650.00
(+1.61%)
4.64TMarket Cap
Dec 02Next Earn
Saigon Cargo Service Corp.
HOSE:SCS
(Ho Chi Minh Stock Exchange)

Recent

price

40,900.00

P/E

ratio

- -

div

yld

7.08%

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
7,303.38
8,071.39
7,404.78
8,938.15
9,065.03
7,476.4
10,951.66
12,611.25
- -
Revenue per Share
4,402.69
5,030.54
4,599.86
5,635.19
6,505.38
4,902.41
6,913.04
7,507.56
- -
Basic EPS, GAAP
4,554.03
5,916.28
5,346.11
6,237.56
5,872.24
4,595.99
6,833.91
7,653.66
- -
Free Cash Flow per Basic Share
4,283.36
3,958.33
4,690.1
2,889.52
4,674.01
3,888.05
5,435.51
6,371.16
2,895.06
Dividend per Share
8,792.46
10,006.23
10,053.65
12,541.84
14,505.41
13,423.36
14,057.87
15,700.35
16,353.21
Book Value per Share
8,734.07
9,972.07
10,032.54
12,534.13
14,499.17
13,420.42
14,056.34
15,699.84
16,328.3
Tangible Book Value per Share
92
93
94
94
94
94
95
95
95
Basic Weighted Avg Shares
675,369
747,976
692,853
839,106
851,018
704,825
1,036,882
1,196,643
- -
Sales/Revenue/Turnover
67.93
70.11
68.01
68.14
75.01
68.32
70.14
72.48
- -
Operating Margin (%)
55,237
55,262
53,478
54,440
43,744
43,756
44,786
46,306
- -
Depreciation Expense
437,132
502,180
464,409
563,589
646,147
498,307
692,828
751,068
- -
Net Income, GAAP
6.34
6.6
6.99
6.89
7.24
12.36
11.48
20.07
- -
Effective Tax Rate (%)
64.72
67.14
67.03
67.17
75.93
70.7
66.82
62.76
- -
Profit Margin (%)
193,828
349,651
408,494
687,086
882,839
804,117
901,077
1,093,693
1,170,506
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
884,970
1,004,246
1,015,733
1,249,323
1,433,656
1,338,786
1,405,809
1,561,659
1,623,607
Total Equity
- -
53.17
45.98
49.37
47.73
35.55
49.62
47.78
- -
Return on Invested Capital (%)
- -
53.26
45.98
49.76
48.17
35.95
50.49
49.02
- -
Return on Capital (%)
- -
53.42
45.88
49.88
48.1
35.16
50.33
50.46
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
97,930
97,930
168,315
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
71,900
71,900
71,900
Shares Outstanding
95
95
95
Market Capitalization
4,877,191
5,152,363
4,635,229

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,693,960
1,617,372
1,853,634
Cash, Cash Equivalents & STI
1,556,905
147,628
1,746,303
Accounts Receivable, Net
105,506
100,342
105,259
Inventories
- -
11
- -
Total Current Liabilities
600,266
346,540
683,127
Payables & Accruals
- -
- -
- -
ST Debt
97,930
97,930
168,315
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
9.45%
11.09%
Free Cash Flow
- -
10.27%
12.24%
Net Income, GAAP
- -
12.12%
8.41%
Sales/Revenue/Turnover
- -
13.57%
15.41%
Total Cash Common Dividend
- -
14.75%
18.8%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
212,813
264,098
265,914
294,057
1,036,882
2025
266,342
291,739
- -
326,995
1,196,643
2026
271,969
279,258
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,552.21
1,997.49
1,957.82
1,794.09
6,913.04
2025
1,790.81
1,992.52
- -
1,983.09
7,507.56
2026
1,826.3
1,974.31
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,985.45
3,195.23
4.14
238.72
5,435.51
2025
2,964.08
1.39
- -
199.29
6,371.16
2026
2,494.8
200.97
- -
- -
- -
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Business
Saigon Cargo Service Corporation is a Vietnam-based air cargo terminal operator and aviation logistics ground-handling service provider. Founded in 2008 and headquartered in Ho Chi Minh City, Vietnam, the company operates an international-standard air cargo terminal facility at Tan Son Nhat International Airport spanning approximately 143,000 square meters. Saigon Cargo Service Corporation provides a comprehensive suite of air cargo handling and logistics services, categorized across cargo handling, warehousing, and infrastructure leasing operations. Its core service offerings include international air cargo handling covering import, export, transit, and transfer freight; domestic outbound and inbound terminal cargo handling; specialized consignment processing, encompassing express courier, temperature-controlled perishables, live animals, and dangerous goods; bonded warehousing and Container Freight Station (CFS) cargo consolidation; customs brokerage and freight documentation support; apron and aircraft parking area leasing; and commercial office and warehouse facility leasing. The company primarily serves global passenger and freighter airlines, international freight forwarders, and multimodal logistics providers operating across Vietnam and global trade lanes, supported by key strategic shareholders including Gemadept Corporation and Airports Corporation of Vietnam. In recent major operational developments, Saigon Cargo Service Corporation secured a multi-year exclusive cargo handling contract with Qatar Airways commencing in February 2024, significantly boosting international handling volumes and elevating the company's market share at Tan Son Nhat International Airport to approximately 58%. Additionally, the company completed the operational rollout of its Phase 2 Elevating Transfer Vehicle (ETV) system, expanding total cargo processing capacity to 350,000 metric tons per annum, while actively participating in bidding and strategic planning to develop and operate cargo terminal infrastructure at the forthcoming Long Thanh International Airport.