Sai Gon Cargo Service Corp (SCS) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Sai Gon Cargo Service Corp VND 120,530, price VND 44,650, upside +169.9%, quality 81 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 42,600 VND – 80,643 VND · fair‑value band 71,241 VND – 199,009 VND · the 44,650 VND price screens below the 120,530 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Saigon Cargo Service Corporation operates cargo terminals in Vietnam. The company provides forwarding, loading, and unloading; aviation ground; vocational training; and storage services.
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Saigon Cargo Service Corporation operates cargo terminals in Vietnam. The company provides forwarding, loading, and unloading; aviation ground; vocational training; and storage services. It also leases, operates, and manages non-residential properties, such as offices, warehouses, wharves, yards, and spaces in buildings, as well as leases airplane parking lots. In addition, the company is involved in cargo transportation by automobiles; construction of wharves; and civil-industrial construction works. Further, it acts as an agent for customs clearance. Saigon Cargo Service Corporation was incorporated in 2008 and is headquartered in Ho Chi Minh City, Vietnam.
Stock analysis
Sai Gon Cargo Service Corp (SCS) currently trades at 44,650 VND, while our model-based Fair Value estimate is 120,530 VND, implying the stock looks roughly 63.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 175,755 VND per share, and 21 of the 24 models we run sit above the 44,650 VND price.
Bear case: the Growth DCF group reads lowest at 69,828 VND, and 3 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 71,241 VND (bear) to 199,009 VND (bull), the price of 44,650 VND sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 81/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sai Gon Cargo Service Corp reported revenue of 1.2T VND in FY2025 versus 839B VND in FY2021, a compound +9.3%/yr. Reported net income was 751B VND in FY2025, compounding +7.4%/yr from FY2021.
Key figures
Market cap 4.6T VND · P/E ratio 6.3 · P/S ratio 3.96 · EPS (TTM) 7,080 VND · Net margin 62.8% · Return on equity 45.6% · Return on assets (EBIT) 37.6% · Operating margin 72.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at 170%, SCS screens cheaper than that median.
Fair Value models
Bear 71,241 VNDFair Value 120,530 VNDBull 199,009 VND
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (5,199 VND per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.94/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+15.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.5%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in VND ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in VND: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+7.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.7%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.68% → 73%
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−4.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−7.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Vietnam: IMF forecast 4.1% a year to 2030, 3.1% from 2016 to 2025) that is about −8.1% a year for the price and −10.7% for the forecasts.
Compare Sai Gon Cargo Service Corp with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Airports & Air Services · 56 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score81 · Top 25%
Fair Value upside+170% · Top 25%
Profitability
Return on equity (TTM)46% · Top 25%
Return on assets28% · Top 25%
Net margin (TTM)63% · Top 25%
Operating margin (TTM)73% · Top 25%
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Airports & Air Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Sai Gon Cargo Service Corp Fair Value". https://www.fairvalue-calculator.com/stock/SCS
Frequently asked questions
Is Sai Gon Cargo Service Corp (SCS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 120,530 VND versus a price of 44,650 VND, about +170% upside (undervalued).
What is the fair value of SCS?
Our model-based fair value for Sai Gon Cargo Service Corp is 120,530 VND (as of Sep 24, 2026), built from audited fundamentals. The current price: 44,650 VND.
What is the quality score of SCS?
Sai Gon Cargo Service Corp has a Quality Score of 81/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sai Gon Cargo Service Corp (SCS)?
Our model-based price target is the fair value of 120,530 VND (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 71,241 VND, optimistic scenario 199,009 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Sai Gon Cargo Service Corp stock forecast for 2026?
Our models put fair value at 120,530 VND, about +170% upside versus a price of 44,650 VND (undervalued). Cautious scenario 71,241 VND, optimistic scenario 199,009 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Sai Gon Cargo Service Corp (SCS)?
Sai Gon Cargo Service Corp reported trailing-twelve-month revenue of about 1.2T VND (latest available figure, as of Sep 24, 2026).
What growth is priced into Sai Gon Cargo Service Corp (SCS)?
For today's price to be fair in a discounted-cash-flow model, Sai Gon Cargo Service Corp would have to grow free cash flow by -4.3 % per year for five years (discount rate 14.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SCS use?
Our models discount Sai Gon Cargo Service Corp at 14.9 %: a base by market capitalisation (micro), damped by beta 0.19, country premium for Vietnam. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sai Gon Cargo Service Corp that is -4.3 % per year a year over ten years, using the same discount rate (14.9 %) and the same formula as our fair value.
How much growth has Sai Gon Cargo Service Corp (SCS) delivered so far?
Over the past 5 years revenue at Sai Gon Cargo Service Corp grew +11.6 % a year. The price currently implies -4.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sai Gon Cargo Service Corp (SCS) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Sai Gon Cargo Service Corp (-4.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sai Gon Cargo Service Corp (SCS)?
The free-cash-flow yield on the price is 17.14 %: that much free cash flow Sai Gon Cargo Service Corp produces per unit of market value. When it exceeds the discount rate of our models (14.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sai Gon Cargo Service Corp (SCS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sai Gon Cargo Service Corp it is 120,530 VND per share (as of Sep 24, 2026), against a price of 44,650 VND. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Sai Gon Cargo Service Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SCS trades below its calculated fair value: price 44,650 VND, fair value 120,530 VND, a gap of about +170% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SCS?
No. The price is what the market pays today (44,650 VND); the fair value is what the company's own numbers justify (120,530 VND). For Sai Gon Cargo Service Corp the two are 75,880 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Sai Gon Cargo Service Corp worth?
The market values Sai Gon Cargo Service Corp at about 4.6T VND (market capitalisation, as of Sep 24, 2026). Per share that is 44,650 VND; our models calculate a fair value of 120,530 VND per share.
What do the bullish and bearish scenarios say about SCS?
Our models span a range for Sai Gon Cargo Service Corp: cautious scenario 71,241 VND, base 120,530 VND, optimistic 199,009 VND per share (as of Sep 24, 2026, price 44,650 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SCS?
Sai Gon Cargo Service Corp trades at a price-to-earnings ratio of 6.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 120,530 VND is built from several models across several years. Other multiples: P/B 2.9, P/S 3.8, EV/EBITDA 4.9.
How solid is the balance sheet of Sai Gon Cargo Service Corp (SCS)?
Balance-sheet figures for Sai Gon Cargo Service Corp (as of Sep 24, 2026): return on equity 45.6%. They feed the Quality Score of 81/100, which measures business quality independently of the share price.
How far is SCS from its 52-week high?
Sai Gon Cargo Service Corp trades at 44,650 VND, about 25% below its 52-week high of 59,187 VND and 5% above the low of 42,600 VND (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 120,530 VND is for.
Which stocks are comparable to Sai Gon Cargo Service Corp?
From the same area (Industrials) we also value Aena S.M.E., S.A, Airports of Thailand Public Company, Grupo Aeroportuario del Pacífico, S.A., GMR Airports Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sai Gon Cargo Service Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 44,650 VND, calculated fair value 120,530 VND (+170%), Quality Score 81/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SCS calculated?
We run Sai Gon Cargo Service Corp through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 120,530 VND, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Sai Gon Cargo Service Corp currently trades 170 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sai Gon Cargo Service Corp (SCS)?
The closing price on Sep 23, 2026 was 44,650 VND. Our model-based fair value is 120,530 VND, about +170% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sai Gon Cargo Service Corp right now?
The rarer combination: high quality (81/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (71,241 VND). The market is more pessimistic than our downside scenario. The model range is unusually wide (71,241 VND to 199,009 VND). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Sai Gon Cargo Service Corp
How large is the market capitalisation of Sai Gon Cargo Service Corp (SCS)?
The market capitalisation of Sai Gon Cargo Service Corp is 4.6T VND. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sai Gon Cargo Service Corp (SCS)?
The price-to-sales ratio of Sai Gon Cargo Service Corp is 3.96 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sai Gon Cargo Service Corp (SCS)?
Earnings per share at Sai Gon Cargo Service Corp are 7,080 VND (price ÷ EPS = P/E 6.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sai Gon Cargo Service Corp (SCS)?
The net margin of Sai Gon Cargo Service Corp is 62.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sai Gon Cargo Service Corp (SCS)?
The return on equity (ROE) of Sai Gon Cargo Service Corp is 45.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sai Gon Cargo Service Corp (SCS)?
On an EBIT basis the return on assets of Sai Gon Cargo Service Corp is 37.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sai Gon Cargo Service Corp (SCS)?
The operating margin of Sai Gon Cargo Service Corp is 72.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sai Gon Cargo Service Corp (SCS)?
Revenue at Sai Gon Cargo Service Corp is growing +2.1% versus a year earlier (3y avg +12.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sai Gon Cargo Service Corp (SCS)?
Earnings per share at Sai Gon Cargo Service Corp are growing +2.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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