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Vietnam Container Shipping Joint Stock Corporation (VSC) Fair Value & Analysis

Industrials · VN · Market cap 5.6T VND

VC Vietnam Container Shipping Joint Stock Corporation VSC · VN
Price15,100 VND
Fair Value19,127 VND
Upside+26.7%
Quality27/100
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Expensive Growth
Thin margins · 8.1% net margin
Moderate debt · negative free cash flow
Trails peers (5/13)
Moderate moat 47/100
Evidence: Medium Range 11,613 VND – 23,909 VND Share as image

Fair value as of: Jul 16, 2026

From 16 valuation models · updated 25 days ago

Share price −7.4% over the past month.

Below-average quality, screening 27% undervalued on our models.

What matters now

  • A fairly wide model range (11,613 VND to 23,909 VND) leaves room in how you read the outcome.
  • Our model range runs from 11,613 VND (bear) to 23,909 VND (bull), base 19,127 VND. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 27/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

39,999 VND 12,700 VND Fair Value 19,127 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 12,700 VND – 39,999 VND · fair‑value band 11,613 VND – 23,909 VND · the 15,100 VND price screens below the 19,127 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Vietnam Container Shipping Joint Stock Corporation (VSC) currently trades at 15,100 VND, while our model-based Fair Value estimate is 19,127 VND, implying the stock looks roughly 26.7% undervalued today. The Quality Score stands at 27/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, Vietnam Container Shipping Joint Stock Corporation generated revenue of 3.4T VND at a net margin of 8.1%. Revenue grew 26.2% year over year. It earns a return on equity of 8.1%. Net debt stands at 4.5T VND. Fundamentals as of Jul 16, 2026

Our scenario range runs from 11,613 VND (bear case) to 23,909 VND (bull case); at 15,100 VND, the current price sits within 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 61% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 27%, VSC screens richer 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
Residual Income 11,789 VND 12,390 VND 13,025 VND 76
ROIC Compounder 10,634 VND 13,489 VND 18,375 VND 72
Gordon GGM 6,610 VND 14,432 VND 24,282 VND 70
All 16 models by family
Earnings-Based
Graham-Dodd 6,194 VND 33,236 VND 46,053 VND 54
Lynch FV 9,187 VND 13,125 VND 17,062 VND 50
PEG = 1.0 9,187 VND 13,125 VND 17,062 VND 46
EPV 10,634 VND 13,489 VND 16,028 VND 59
Dividend Discount
Gordon GGM 6,610 VND 14,432 VND 24,282 VND 70
DDM Multi-Stage 6,610 VND 11,822 VND 15,040 VND 61
Multiples
P/E Multiple 14,345 VND 19,127 VND 23,909 VND 63
P/S Multiple 11,613 VND 15,484 VND 19,355 VND 58
P/B Multiple 11,613 VND 15,484 VND 19,355 VND 55
EV/EBIT 17,937 VND 25,765 VND 33,594 VND 53
EV/EBITDA 22,354 VND 31,654 VND 40,955 VND 54
EV/Revenue 5,240 VND 9,864 VND 14,487 VND 43
Asset-Based
NCAV (Graham) 7,232 VND 9,690 VND 14,463 VND 50
Economic Profit
Residual Income 11,789 VND 12,390 VND 13,025 VND 76
ROIC Compounder 10,634 VND 13,489 VND 18,375 VND 72
Growth Earnings
Growth-Adj P/E 13,514 VND 19,306 VND 25,097 VND 68

Widest divergence: Growth Earnings (19,306 VND) versus Asset-Based (9,690 VND). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 3.4T VND
Revenue growth (YoY) +26.2%
Net margin 8.1%
Return on equity 8.1%
Free cash flow −444B VND FY2025
P/E ratio 25.7
More key figures
Operating margin 22.7%
EPS (TTM) 728.90 VND
EPS growth (YoY) -83.4%
Net debt 4.5T VND FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 27/100

Of which business quality 29 · Market factors (momentum, volatility) 20

Profitability 28
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 18
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

Vietnam Container Shipping Joint Stock Corporation, together with its subsidiaries, engages in port services activities in Vietnam. The company offers container handling, cold running, inspection and quarantine, storage, and other transportation services.

Full company description

Vietnam Container Shipping Joint Stock Corporation, together with its subsidiaries, engages in port services activities in Vietnam. The company offers container handling, cold running, inspection and quarantine, storage, and other transportation services. It also operates container ports and deports, and warehouse systems; and offers Road container transportation and logistics services, as well as acts as a shipping and forwarding agency. Vietnam Container Shipping Joint Stock Corporation was formerly known as North Vietnam Container Shipping Company and changed its name to Vietnam Container Shipping Joint Stock Corporation in July 2013. The company was founded in 1985 and is based in Hai Phong, Vietnam.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vietnam Container Shipping Joint Stock Corporation reported revenue of 3.2T VND in FY2025 versus 1.9T VND in FY2021, a compound +14.1%/yr. Reported net income was 341B VND in FY2025, compounding −0.6%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.2T VND
Latest YoY
+15.0%
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.
+16.9%
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.
+13.7%
Avg. growth/yr (6Y) 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.
+10.2%
Revenue +14.1%/yr
FY21 1.9T VND
FY22 2.0T VND
FY23 2.2T VND
FY24 2.8T VND
FY25 3.2T VND
Net income −0.6%/yr
FY21 350B VND
FY22 314B VND
FY23 124B VND
FY24 336B VND
FY25 341B VND

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Cite: Fair Value Calculator (2026). "Vietnam Container Shipping Joint Stock Corporation Fair Value". https://www.fairvalue-calculator.com/stock/VSC

Peer Group

Marine Shipping · 231 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 27 · Bottom 25%
Fair Value upside +27% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 8% · Below median
Operating margin (TTM) 23% · Above median
Revenue growth 26% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.55× · Higher than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 20.6× · Pricier than median
P/B 1.04× · Pricier than median
P/S (TTM) 1.66× · Pricier than median
EV/EBITDA 7.1× · Pricier than median

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 69 · sector 29
FUTURE 100 · sector 18
PAST 33 · sector 27
HEALTH 72 · sector 88
DIVIDEND 0 · sector 47

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

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Frequently asked questions

Is Vietnam Container Shipping Joint Stock Corporation (VSC) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 19,127 VND versus a price of 15,100 VND, about +27% (undervalued).
What is the fair value of VSC?
Our model-based fair value for Vietnam Container Shipping Joint Stock Corporation is 19,127 VND (as of Jul 16, 2026), built from audited fundamentals. The current price is 15,100 VND.
What is the quality score of VSC?
Vietnam Container Shipping Joint Stock Corporation has a Quality Score of 27/100. 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 Vietnam Container Shipping Joint Stock Corporation (VSC)?
Vietnam Container Shipping Joint Stock Corporation reported trailing-twelve-month revenue of about 3.4T VND (latest available figure, as of Jul 16, 2026).
What is the net profit margin of VSC?
The net profit margin of Vietnam Container Shipping Joint Stock Corporation is about 8.1%, meaning it keeps roughly 8.1% 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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