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Vietnam Sun Corp.

Vietnam Sun Corp.

HHOSE:VNS
6,000.00
VND
0.00
(0.00%)
3.77EPS
2,093.79P/E
536.77BMarket Cap
Vietnam Sun Corp.
HOSE:VNS
(Ho Chi Minh Stock Exchange)

Recent

price

6,000.00

P/E

ratio

2,093.79

div

yld

0.01%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
41,308.96
48,596.76
57,976.74
48,917.14
55,559.6
62,661.57
66,601.58
43,281.79
30,553.69
29,343.58
14,824.85
7,142.44
16,050.52
17,960.72
14,767.91
13,007.27
12,317.44
Revenue per Share
4,510
2,842.51
3,231.38
3,465.7
4,593.09
4,139.98
4,581.88
2,787.83
1,294.71
1,599.45
-3,050.76
-4,025.59
2,708.13
2,221.64
1,238.63
576.48
3.78
Basic EPS, GAAP
-11,225.95
-713.42
2,638.93
1,812.35
-2,067.31
-3,541.7
-7,078.69
3,545.07
-105.08
2,819.53
1,228.21
-261.04
119.25
1,995.17
-7,839.77
-846.23
-3,307.59
Free Cash Flow per Basic Share
1,369.83
655.74
1,624.23
464.25
2,110.32
1,829.88
1,989.38
1,710.98
799.73
1,003.07
998.02
1.04
0.62
5,297.94
1,498.86
999.83
0.69
Dividend per Share
17,520.9
18,287.77
20,004.71
16,997.52
19,106.2
21,052.89
22,814.93
24,030.44
24,303.22
24,815.45
21,755.5
17,720.72
20,331.98
17,202.03
16,931.47
16,496.87
16,291.88
Book Value per Share
17,518.52
18,286.35
19,989.93
16,991.64
19,104.82
21,052.2
22,812.48
24,026.19
24,299.15
24,812.77
21,754.95
17,720.71
20,331.98
17,198.59
16,927.47
16,495.07
16,289.83
Tangible Book Value per Share
40
47
47
65
68
68
68
68
68
68
68
68
68
68
68
68
69
Basic Weighted Avg Shares
1,643,696
2,274,328
2,713,311
3,158,062
3,770,229
4,252,164
4,519,530
2,937,067
2,073,349
1,991,232
1,006,002
484,680
1,089,175
1,218,800
1,002,138
882,663
850,587
Sales/Revenue/Turnover
12.81
11.23
10.97
10.17
9.94
8.11
6.59
3.62
3.03
4.01
-24.43
-53.31
13.4
7.69
2.42
4.71
1.78
Operating Margin (%)
197,424
257,488
291,200
319,472
390,177
456,446
515,835
524,024
477,637
440,465
378,387
274,126
194,081
232,688
217,878
211,897
213,482
Depreciation Expense
179,454
133,030
151,229
223,743
312,994
282,340
310,922
189,180
87,858
108,537
-207,022
-273,173
183,771
150,759
84,052
39,120
261
Net Income, GAAP
25.2
25.35
25.74
25.69
23.15
23.06
21.21
21.83
22.71
21.84
- -
- -
0.78
0.02
1.86
19.62
95.83
Effective Tax Rate (%)
10.92
5.85
5.57
7.08
8.3
6.64
6.88
6.44
4.24
5.45
-20.58
-56.36
16.87
12.37
8.39
4.43
0.03
Profit Margin (%)
8,889
35,620
-256,660
-56,181
-131,449
-224,715
-440,159
-298,473
-210,727
-14,816
137,712
401,501
542,208
371,757
135,290
65,024
-11,965
Working Capital
679,754
663,890
275,418
270,266
448,915
544,942
683,575
391,816
359,973
319,551
169,802
57,768
162,178
192,926
358,672
280,634
263,911
LT Debt
827,951
863,691
940,301
1,158,240
1,302,279
1,435,462
1,556,735
1,641,534
1,660,311
1,695,186
1,483,983
1,206,192
1,384,917
1,167,924
1,149,583
1,120,126
1,106,198
Total Equity
7.28
6.42
8.76
11.79
13.06
9.72
6.84
1.08
0.32
1.56
- -
- -
10.45
6.91
1.09
1.07
-0.02
Return on Invested Capital (%)
17.63
14.87
15.33
17.06
19.59
15.37
14.75
9.48
5.44
6.11
- -
- -
12.72
11.38
6.91
3.95
0.11
Return on Capital (%)
23.56
15.88
16.88
21.41
25.44
20.62
20.89
11.9
5.36
6.51
-13.1
-20.4
14.23
11.84
7.26
3.45
0.02
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
218,227
214,851
203,196
LT Borrowings
275,143
271,301
263,911
LT Finance Leases
5,491
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
68
68
68
Market Capitalization
617,519
563,910
536,766

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
345,206
290,870
245,353
Cash, Cash Equivalents & STI
223,784
168,523
141,130
Accounts Receivable, Net
85,447
82,168
71,809
Inventories
9,357
9,083
8,353
Total Current Liabilities
280,183
313,004
257,318
Payables & Accruals
- -
- -
- -
ST Debt
218,227
214,851
203,196
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.9%
-4.74%
-2.56%
Free Cash Flow
-226.89%
144.81%
-89.21%
Net Income, GAAP
-60.08%
-50.2%
-53.46%
Sales/Revenue/Turnover
-5.65%
11.02%
-11.92%
Total Cash Common Dividend
85,030.15%
170,066.78%
-33.29%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
278,618
253,219
246,219
224,082
1,002,138
2025
234,388
216,744
217,334
214,198
882,663
2026
224,736
194,319
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
324.46
247
307
354
1,238.63
2025
208.49
144
132
70
576.48
2026
91.08
-296
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.14
- -
1,498.86
2025
0.07
982.39
- -
0.67
999.83
2026
- -
- -
- -
- -
- -
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Business
Vietnam Sun Corporation (Vinasun) is a Vietnam-based passenger transportation and commercial services company primarily engaged in providing metered taxi and ground passenger transit solutions. Founded in 2003 and headquartered in Ho Chi Minh City, Vietnam, the company is listed on the Ho Chi Minh Stock Exchange under the ticker symbol VNS. The company conducts its core commercial activities across major urban centers and key provinces in southern and central Vietnam, including Ho Chi Minh City, Binh Duong, Dong Nai, Ba Ria-Vung Tau, Dong Thap, and Da Nang. The company operates through diversified business segments encompassing passenger transport, travel services, advertising, and commercial asset management. Its systematic portfolio of products and services comprises: passenger taxi services operated under the Vinasun Taxi brand, deploying fleets of four-seater sedans, seven-seater multi-purpose vehicles, and sport utility vehicles; long-distance provincial passenger transportation and airport transfer services; corporate fleet leasing, executive vehicle rentals, and contract-based passenger transport; digital ride dispatch and electronic booking services accessible via the proprietary Vinasun App; integrated cashless payment mechanisms, including VNS prepaid cards, multi-bank card processing, contactless QR payments, and digital wallet integrations; mobile out-of-home advertising services utilizing vehicle exterior body panels, rear windows, and interior passenger compartments; comprehensive travel and tourism management provided through Vinasun Travel, including domestic and international tour organization, airline ticket brokerage, visa assistance, and accommodation booking; and automotive repair, vehicle maintenance workshops, and commercial property leasing. In recent strategic developments, Vietnam Sun Corporation has initiated a major fleet modernization program centered on the adoption of hybrid electric vehicles (HEVs) through a partnership with Toyota Vietnam. The company has introduced hybrid models into its commercial fleet, including the Toyota Yaris Cross, Toyota Innova Cross, and Toyota Corolla Altis Hybrid, aiming to substantially lower fuel consumption and environmental emissions while avoiding electric charging downtime. Furthermore, the company has advanced its digital transformation strategy by enhancing the algorithmic dispatch and pricing features of the Vinasun App, expanding digital fare settlement partnerships with prominent electronic payment gateways and fintech providers, and executing operational restructuring initiatives to optimize vehicle occupancy rates and maintain market competitiveness amid shifting dynamics in Vietnam’s urban transport sector.