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Saigon Cargo Service Corporation (SCS) Fair Value & Analysis

Industrials · VN · Market cap 4.6T VND

SC Saigon Cargo Service Corporation SCS · VN
Price45,500 VND
Fair Value129,843 VND
Upside+185.4%
Quality81/100
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Healthy Growth
Highly profitable · 62.8% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 91/100
Evidence: High Range 95,021 VND – 223,133 VND Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 135,942 VND to 129,843 VND (−4.5%) since Jun 25, 2026. Share price −6.2% over the past month.

A strong business, screening 185% undervalued on our models.

What matters 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 (95,021 VND). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (95,021 VND to 223,133 VND) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

80,643 VND 42,600 VND Fair Value 129,843 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 42,600 VND – 80,643 VND · fair‑value band 95,021 VND – 223,133 VND · the 45,500 VND price screens below the 129,843 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Saigon Cargo Service Corporation (SCS) currently trades at 45,500 VND, while our model-based Fair Value estimate is 129,843 VND, implying the stock looks roughly 185.4% undervalued today. The Quality Score stands at 81/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Saigon Cargo Service Corporation generated revenue of 1.2T VND at a net margin of 62.8%. Revenue grew 2.1% year over year. It earns a return on equity of 45.6%. The stock trades on a trailing P/E of 7.0. Fundamentals as of Jul 18, 2026

Our scenario range runs from 95,021 VND (bear case) to 223,133 VND (bull case); at 45,500 VND, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -29% fair-value upside, at 185%, SCS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Growth DCF 111,489 VND 214,419 VND 410,299 VND 80
Residual Income 70,770 VND 112,572 VND 1,991,694 VND 76
Rev-Margin DCF 52,830 VND 80,471 VND 116,609 VND 74
All 24 models by family
DCF Models
FCF DCF 113,627 VND 221,527 VND 456,576 VND 38
Owner Earnings 123,273 VND 249,159 VND 495,632 VND 31
5Y Revenue Exit 53,047 VND 82,948 VND 122,235 VND 39
5Y EBITDA Exit 101,788 VND 189,051 VND 302,668 VND 41
5Y P/E Exit 121,563 VND 232,099 VND 364,769 VND 38
10Y Revenue Exit 70,101 VND 106,933 VND 162,277 VND 36
10Y EBITDA Exit 104,932 VND 189,025 VND 325,321 VND 37
10Y P/E Exit 118,651 VND 222,332 VND 381,436 VND 35
Earnings-Based
Graham-Dodd 53,825 VND 297,351 VND 412,674 VND 54
Lynch FV 82,890 VND 118,414 VND 153,939 VND 50
PEG = 1.0 82,890 VND 118,414 VND 153,939 VND 46
EPV 83,407 VND 97,924 VND 110,829 VND 59
Multiples
P/E Multiple 130,604 VND 174,139 VND 217,673 VND 63
P/S Multiple 33,105 VND 44,139 VND 55,174 VND 58
P/B Multiple 55,546 VND 74,061 VND 92,577 VND 55
EV/EBIT 117,684 VND 156,531 VND 195,378 VND 53
EV/EBITDA 102,242 VND 135,942 VND 169,641 VND 54
EV/Revenue 27,627 VND 38,977 VND 50,327 VND 43
Asset-Based
NCAV (Graham) 8,229 VND 11,027 VND 16,458 VND 50
Growth DCF
Growth DCF 111,489 VND 214,419 VND 410,299 VND 80
Rev-Margin DCF 52,830 VND 80,471 VND 116,609 VND 74
Economic Profit
Residual Income 70,770 VND 112,572 VND 1,991,694 VND 76
ROIC Compounder 92,730 VND 120,717 VND 154,633 VND 72
Growth Earnings
Growth-Adj P/E 123,028 VND 175,755 VND 228,481 VND 68

Widest divergence: DCF Models (189,051 VND) versus Asset-Based (11,027 VND). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.2T VND
Revenue growth (YoY) +2.1%
Net margin 62.8%
Return on equity 45.6%
Free cash flow 726B VND FY2025
P/E ratio 7.0
More key figures
Operating margin 72.6%
EPS (TTM) 7,149 VND
EPS growth (YoY) +2.0%

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 81/100

Of which business quality 78 · Market factors (momentum, volatility) 40

Profitability 83
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Saigon Cargo Service Corporation operates cargo terminals in Vietnam. The company provides forwarding, loading, and unloading; aviation ground; vocational training; and storage services.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Saigon Cargo Service Corporation 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.

Growth Quality 94/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.2T VND
Latest YoY
+15.4%
Avg. growth/yr (3Y) 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.
+12.0%
Avg. growth/yr (5Y) 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.
+11.5%
Revenue +9.3%/yr
FY21 839B VND
FY22 851B VND
FY23 705B VND
FY24 1.0T VND
FY25 1.2T VND
Net income +7.4%/yr
FY21 564B VND
FY22 646B VND
FY23 498B VND
FY24 693B VND
FY25 751B VND

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Cite: Fair Value Calculator (2026). "Saigon Cargo Service Corporation Fair Value". https://www.fairvalue-calculator.com/stock/SCS

Peer Group

Airports & Air Services · 55 stocks

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.

Quality Score 81 · Top 25%
Fair Value upside +185% · Top 25%
Return on equity (TTM) 46% · Top 25%
Return on assets 28% · Top 25%
Net margin (TTM) 63% · Top 25%
Operating margin (TTM) 73% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Airports & Air Services median · lower = cheaper

P/E (TTM) 6.8× · Cheaper than 75% of peers
P/B 2.94× · Pricier than median
P/S (TTM) 3.82× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 4.9× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 36
FUTURE 11 · sector 31
PAST 100 · sector 45
HEALTH 100 · sector 90
DIVIDEND 0 · sector 46

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Airports & Air Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Aena S.M.E., S.A AENA €26.24 €28.41 +8%
Airports of Thailand Public Company TATD 2.44 SGD 1.25 SGD -49%
Grupo Aeroportuario del Pacífico, S.A. PAC $220.91 $246.06 +11%
GMR Airports Limited GMRINFRA ₹112.80 ₹22.29 -80%
Flughafen Zürich AG FHZN CHF 237.20 CHF 121.30 -49%
Shanghai International Airport Co 600009 ¥24.08 ¥17.09 -29%
Auckland International Airport Limited AIA A$7.11 A$2.80 -61%
Fraport AG FRA €69.35 €49.83 -28%
Københavns Lufthavne A/S KBHL kr 5,660 kr 1,821 -68%
SATS Ltd S58 4.82 SGD 4.03 SGD -16%

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Frequently asked questions

Is Saigon Cargo Service Corporation (SCS) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 129,843 VND versus a price of 45,500 VND, about +185% (undervalued).
What is the fair value of SCS?
Our model-based fair value for Saigon Cargo Service Corporation is 129,843 VND (as of Jul 18, 2026), built from audited fundamentals. The current price is 45,500 VND.
What is the quality score of SCS?
Saigon Cargo Service Corporation 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 revenue of Saigon Cargo Service Corporation (SCS)?
Saigon Cargo Service Corporation reported trailing-twelve-month revenue of about 1.2T VND (latest available figure, as of Jul 18, 2026).
What is the net profit margin of SCS?
The net profit margin of Saigon Cargo Service Corporation is about 62.8%, meaning it keeps roughly 62.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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