VietJet Aviation Joint Stock Company

VietJet Aviation Joint Stock Company

HHOSE:VJC
128,600.00
VND
+600.00
(+0.47%)
107.29TMarket Cap
Dec 02Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
76,093.8
72,666.52
26,755.59
18,522.24
57,012.02
82,859.05
102,323.29
112,375.54
- -
Basic EPS, GAAP
7,577.16
5,466.56
100.72
107.3
-3,213.34
327.5
1,992.86
2,905.5
- -
Free Cash Flow per Basic Share
5,154.45
-6,635.82
-5,142.1
-9,675.83
-5,128.43
-8,056.37
-14,868.25
-40,210.83
- -
Dividend per Share
2,864.61
779.92
- -
- -
- -
- -
82.08
- -
- -
Book Value per Share
19,935.78
21,880.52
21,994.07
24,720.33
21,847.39
21,633.28
24,281.7
32,199.73
34,232.29
Tangible Book Value per Share
19,931.26
21,877.16
21,992.49
24,708.43
21,770.17
21,566.11
24,202.6
25,270.18
27,008.11
Basic Weighted Avg Shares
704
696
681
695
704
704
704
731
741
Sales/Revenue/Turnover
53,577,241
50,602,936
18,220,293
12,874,920
40,141,863
58,340,619
72,045,286
82,092,950
- -
Operating Margin (%)
12.1
8.27
-14
-23.4
-8.63
-0.9
4.53
4.71
- -
Depreciation Expense
146,514
175,156
141,435
98,078
79,734
413,254
613,293
1,077,235
- -
Net Income, GAAP
5,335,036
3,806,761
68,591
74,585
-2,262,499
230,591
1,403,163
2,122,534
- -
Effective Tax Rate (%)
8.27
16.66
- -
55.84
- -
61.82
22.97
19.27
- -
Profit Margin (%)
9.96
7.52
0.38
0.58
-5.64
0.4
1.95
2.59
- -
Working Capital
4,138,572
4,664,285
5,548,970
11,344,552
3,170,154
1,965,493
5,071,125
3,114,406
5,252,728
LT Debt
572,232
3,661,873
1,347,041
8,140,241
10,309,746
17,257,039
30,052,392
42,943,550
44,822,769
Total Equity
14,038,503
14,902,832
14,978,399
16,854,210
14,898,295
15,253,140
17,118,713
24,809,183
26,397,544
Return on Invested Capital (%)
- -
13.65
- -
0.26
- -
0.17
2.42
2.51
- -
Return on Capital (%)
- -
17.71
- -
1.49
- -
2.62
8.03
6.87
- -
Return on Common Equity (%)
- -
26.31
0.46
0.47
-14.27
1.53
8.68
10.14
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
26,056,144
23,828,193
27,470,483
LT Borrowings
39,883,864
41,545,287
41,937,099
LT Finance Leases
3,059,686
2,963,914
2,885,671
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
769
769
769
Market Capitalization
123,646,769
92,291,368
107,288,468

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
49,719,146
50,569,480
54,485,176
Cash, Cash Equivalents & STI
13,684,147
10,799,125
6,299,068
Accounts Receivable, Net
13,531,269
14,826,175
21,849,190
Inventories
2,194,105
2,302,034
3,085,052
Total Current Liabilities
46,604,741
44,814,349
49,232,448
Payables & Accruals
- -
- -
- -
ST Debt
26,056,144
23,828,193
27,470,483
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
12.09%
44.92%
Free Cash Flow
- -
73.6%
180.6%
Net Income, GAAP
- -
-535.02%
51.27%
Sales/Revenue/Turnover
- -
53.04%
13.95%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17,791,993
16,237,951
18,164,227
19,796,775
72,045,286
2025
17,952,150
17,885,304
- -
29,324,051
82,092,950
2026
21,021,315
30,498,716
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
761.52
418.46
811.54
33.08
1,992.86
2025
909.62
1,182
- -
698.46
2,905.5
2026
1,369.11
497
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
82.08
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Son Thanh Nguyen
Full Time Employees
7,805
Sector
Transportation
Industry
Airlines
Address
Ho Chi Minh City Vietnam
IPO Date
Feb 28, 2017
Business
VietJet Aviation Joint Stock Company is a Vietnam-based airline operating as a low-cost carrier that provides scheduled domestic and international passenger air transportation, air freight logistics, and related aviation support services. Founded in 2007 and headquartered in Hanoi, Vietnam, the company operates an extensive route network connecting major domestic commercial centers with metropolitan hubs across the Asia-Pacific region. The company operates through four principal business segments: Scheduled Passenger Air Transportation; Ancillary Services; Cargo Transportation; and Aircraft Leasing and Commercial Aviation Support. Its core passenger transport offerings feature a tiered fare structure comprising Eco standard seating; Deluxe flexible economy; SkyBoss premium short-haul services; and SkyBoss Business lie-flat seating on widebody aircraft, featuring dedicated priority check-in, lounge access, private boarding, and premium in-flight hospitality. Its ancillary service portfolio encompasses checked and excess baggage allowances; advanced seat selection; priority security clearance and boarding passes; in-flight dining and beverage catering; onboard duty-free retail; travel insurance products under the Sky Care brand; duty-free merchandise delivery; and airport transfer arrangements. Through its freight division, Vietjet Air Cargo, the company provides belly-hold cargo space, express parcel logistics, cold-chain perishable transportation, and chartered freighter operations. Additionally, the company offers aircraft charter solutions; wet and dry aircraft leasing; technical maintenance, repair, and overhaul (MRO) coordination; airport ground handling services; on-aircraft and digital commercial advertising; and aviation training programs through the Vietjet Aviation Academy. The company also operates the SkyJoy customer loyalty program, providing points accrual and redemption across flight itineraries and third-party lifestyle partner networks. Geographically, VietJet operates across domestic Vietnam—including major operating bases in Ho Chi Minh City, Hanoi, Da Nang, Hai Phong, Nha Trang, and Phu Quoc—and serves international markets across Australia, India, China, Japan, South Korea, Taiwan, Hong Kong, Singapore, Malaysia, Thailand, Indonesia, and Kazakhstan. The company also maintains regional market presence through its Bangkok-based joint venture airline, Thai Vietjet Air. In recent strategic developments, VietJet has expanded its intercontinental network and modernized its fleet architecture by executing a firm order with Airbus for 20 widebody A330-900 (A330neo) aircraft to support long-haul regional growth, accompanied by a comprehensive TotalCare engine maintenance agreement with Rolls-Royce for Trent 7000 powerplants. The carrier continues to progress its delivery pipeline for 200 Boeing 737 MAX aircraft to reinforce regional route density. Operationally, the airline has accelerated international expansion by inaugurating non-stop services connecting Vietnamese hubs to five major Australian gateways—Sydney, Melbourne, Brisbane, Perth, and Adelaide—alongside direct routes to primary and secondary commercial centers across India and mainland China. Furthermore, VietJet has engaged in strategic partnerships with international fuel suppliers to implement Sustainable Aviation Fuel (SAF) operations, established bilateral interline cooperation agreements with global carriers to broaden passenger connectivity, and secured international green aviation financing facilities to support sustainable fleet expansion.