VNEquity Research

UPCOM · Transport Infrastructure

SAS Southern Airports Services Joint Stock Company

Công ty cổ phần Dịch vụ Hàng không Sân bay Tân Sơn Nhất

Persisted research state: NONE. Research is shown only when it is backed by persisted evidence and calculations.

At a glance

Company at a glance

Persisted, canonical facts only. A value that is not recorded is shown as unavailable and is never estimated, substituted or shown as zero.

CompanySouthern Airports Services Joint Stock Company
TickerSAS
ExchangeUPCOM
IndustryTransport Infrastructure
Research stateNo research available NO_RESEARCH
Research certificationNo certified research
Matched opportunity conditions0 of 5
Latest screening snapshot2026-09-25T11:16:38.206831+00:00
Latest market price2026-09-24T00:00:00+00:00
Latest fundamental period2026-03-31
Latest research reportUnavailable
Evidence records308
Source documents24

Certification reflects the repository's internal approval record on the latest persisted report. It describes publication status and provenance; it is not a rating, a forecast or investment advice.

Deterministic discovery

Opportunity signals

Browse opportunity signals

0 of 5 versioned P7D V1 conditions matched at evaluation time. Every condition is either matched, unmatched, or refused when the required evidence is missing, stale or not applicable. These are deterministic screening conditions, not investment recommendations.

No deterministic condition currently matches this company. Missing evidence fails closed and never becomes a match.

Modeled history. Historical valuation availability is modeled from reporting-lag assumptions and is not point-in-time certified.

Full five-rule trace (P7D_RULES_V1)

Fundamental improvement FUNDAMENTAL_IMPROVEMENT

REFUSED

Required input pe_ttm is unavailable: PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE.

Refused: PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE

  • Growth compares the latest two compatible full years.
  • Growth is historical, not forecast growth.
  • Parent PAT growth uses the repository's existing denominator semantics: the latest full-year PARENT_PAT versus the prior full-year PARENT_PAT.
Observations (4)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
revenue_growth 14.09% OK latest compatible full year
pat_growth 64.97% OK latest compatible full year
pe_ttm — REFUSED · PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — · CURRENT
Thresholds
growth min percent
0
pe positive
yes
market current max hours
72.0

Cash-flow strength CASH_FLOW_STRENGTH

REFUSED

Required input fcf_proxy_yield is unavailable: TTM_OCF_OR_CAPEX_UNAVAILABLE.

Refused: TTM_OCF_OR_CAPEX_UNAVAILABLE

  • FCF Proxy Yield is a screening proxy: trailing-twelve-month operating cash flow less reported cash capital expenditure over market capitalization.
Observations (3)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
fcf_proxy_yield — REFUSED · TTM_OCF_OR_CAPEX_UNAVAILABLE — · CURRENT
pe_ttm — REFUSED · PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — · CURRENT
Thresholds
fcf proxy yield min percent
0
pe positive
yes
financial applicability
NON_FINANCIAL_ONLY
market current max hours
72.0

Quality at a reasonable valuation QUALITY_AT_REASONABLE_VALUATION

REFUSED

Required input pe_ttm is unavailable: PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE.

Refused: PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE

  • Operating and PAT margins are not cross-sector comparable in this screening phase.
Observations (4)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
pat_margin 19.9228% OK QUARTER 2026-03-31 · AGING
operating_margin 24.1406% OK QUARTER 2026-03-31 · AGING
pe_ttm — REFUSED · PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — · CURRENT
Thresholds
pat margin min percent
0
operating margin min percent
5
pe min exclusive
0
pe max inclusive
40
market current max hours
72.0

Valuation dislocation VALUATION_DISLOCATION

REFUSED

Historical valuation is unavailable for this company; no cross-sectional approximation is used.

Refused: PERCENTILE_UNAVAILABLE

Historical certification: NON_CERTIFIED_MODELED_AVAILABILITY — modeled, not point-in-time certified

  • Historical valuation availability is modeled from reporting-lag assumptions and is not point-in-time certified.
Observations (6)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
historical_pe_percentile — REFUSED · PERCENTILE_UNAVAILABLE — · CURRENT
historical_premium_discount — REFUSED · MEDIAN_UNAVAILABLE — · CURRENT
historical_signal UNAVAILABLE OK — · CURRENT
pe_ttm — REFUSED · PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — · CURRENT
historical_certification NON_CERTIFIED_MODELED_AVAILABILITY OK —
Thresholds
historical percentile max
25
historical signals
BELOW_HISTORY, DEEPLY_BELOW_HISTORY
historical premium discount max exclusive
0
pe positive
yes
market current max hours
72.0

Research gap RESEARCH_GAP

UNMATCHED

No quantitative signal matched, so the research gap is not actionable by this rule.

Observations (1)
InputValueStatusPeriod / freshness
research_state NONE OK — · MISSING
Thresholds
research gap states
NONE, INSUFFICIENT
requires quantitative signal
yes

Rules version P7D_RULES_V1 · snapshot built 2026-09-25 11:16:38.206831+00:00 · market freshness CURRENT · persisted research state NONE. These are deterministic screening conditions over persisted evidence, not investment recommendations, forecasts, ratings or advice.

Canonical snapshot

Screening metrics

Open screener

Values come from the persisted screening snapshot and are never recomputed in the browser. UNKNOWN or refused inputs show as “—” with their canonical reason and are never displayed as zero. OCF/PAT is expressed as a percentage of PAT (100 means 100% of PAT).

P/E (TTM, parent)— PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE
P/B (parent equity)2.3445x
Revenue growth (latest compatible FY)14.09%
Parent PAT growth (latest compatible FY)64.97%
Operating margin (latest compatible period)24.1406%
PAT margin (latest compatible period)19.9228%
FCF Proxy Yield (TTM)— TTM_OCF_OR_CAPEX_UNAVAILABLE
OCF / PAT (latest compatible period)125.7766%
Market freshnessCURRENT price 2026-09-24T00:00:00+00:00
Fundamental periodthrough 2026-03-31 freshness AGING
Snapshot built at2026-09-25T11:16:38.206831+00:00 01a09a79-9280-74b8-b128-216831fcae6d
Persisted research stateNONE MISSING
Historical valuation signalUNAVAILABLE available

Snapshot refusal reasons: HISTORICAL_VALUATION_NOT_REQUESTED; PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE; TTM_CAPEX_OR_REVENUE_UNAVAILABLE; TTM_DIVIDENDS_UNAVAILABLE; TTM_OCF_OR_CAPEX_UNAVAILABLE

Authenticated

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Valuation snapshot

ssi-iboard · UPCOM · 2026-09-24T00:00:00+00:00 · retrieved 2026-09-24T11:11:18.956268+00:00 · share basis: unavailable

Price33000.000000000000 VND
Shares outstanding—
Market cap4404883230000.000000000000
Market capitalization4404883230000.0000
Earnings yield (TTM, parent)— PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE
P/E (TTM, parent)— PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE
P/B (parent equity)2.3445x
Dividend yield (trailing cash DPS)— DIVIDEND_PER_SHARE_UNAVAILABLE
Cash distribution yield (proxy)— TTM_DIVIDENDS_UNAVAILABLE
FCF Proxy Yield (TTM)— TTM_OCF_OR_CAPEX_UNAVAILABLE
Enterprise value— TOTAL_DEBT_UNAVAILABLE
EV/Sales (TTM)— TOTAL_DEBT_UNAVAILABLE
EV/EBIT (TTM)— TOTAL_DEBT_UNAVAILABLE
Net cash / (net debt)— TOTAL_DEBT_UNAVAILABLE
EV/EBITDA— EBITDA_NOT_REPORTED_OR_DEBT_INCOMPLETE
Historical P/E range— HISTORICAL_PRICE_HISTORY_UNAVAILABLE

Historical valuation

Point-in-time P/E uses only periods available on each trade date (publication-dated or lag-modeled); no negative earnings produce an observation.

Current P/E— CURRENT_PE_UNAVAILABLE
1Y median P/E8.64x
3Y median P/E10.75x
5Y median P/E10.75x
25th / 75th percentile P/E9.15 / 11.90
Min / max P/E5.77 / 15.74 (raw 5.77 / 20.24)
Percentile rank— UNAVAILABLE
Premium / discount to median— UNAVAILABLE
SignalUNAVAILABLE PERCENTILE_UNAVAILABLE
CertificationNON_CERTIFIED_MODELED_AVAILABILITY 615 observations use ANNUAL_PAT_FALLBACK
P/B history— PARENT_EQUITY_HISTORY_UNAVAILABLE
Dividend-yield history— DIVIDEND_PER_SHARE_HISTORY_UNAVAILABLE

P/E range 5.77x – 20.24x over stored observations.

Historical availability may be modeled from reporting-lag assumptions (NON_CERTIFIED_MODELED_AVAILABILITY). Modeled availability is labelled and is never point-in-time certified.

Notes: PROVIDER_SELECTED: dnse-chart ({'dnse-chart': 1487} bars); ADJUSTMENT_UNKNOWN: adjusted=False, adjustment_basis=UNKNOWN

Peer comparison

EXACT_INDUSTRY · Exact primary-industry and exchange match. · 16 compatible peer(s)

TickerPriceMarket capP/EP/BRevenue growthPAT growthMarginsFCF proxy yieldPremium / discount to peer median
ACV 39400.000000000000 VND 141143565600000.000000000000 VND 10.83x 2.02x 14.61% 6.76% 48.08% -22.52% 11.9%
CCP ECONOMIC_SIZE_MISMATCH 23500.000000000000 VND 56400000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.09x -21.41% -80.42% 48.38% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
CCT 9000.000000000000 VND 256320000000.000000000000 VND 29.98x — PARENT_EQUITY_UNAVAILABLE 6.09% -43.45% 2.34% — TTM_OCF_OR_CAPEX_UNAVAILABLE 209.7%
CMP 7800.000000000000 VND 252762237000.000000000000 VND 8.54x 0.67x -14.70% -6.82% 7.29% 39.75% -11.8%
CPI ECONOMIC_SIZE_MISMATCH 3700.000000000000 VND 135068500000.000000000000 VND 51.46x — PARENT_EQUITY_UNAVAILABLE 82.22% 53.70% 4.53% — TTM_OCF_OR_CAPEX_UNAVAILABLE 431.6%
CQN 29700.000000000000 VND 2228983099200.000000000000 VND 14.58x 2.18x 6.02% 10.67% 18.79% — TTM_OCF_OR_CAPEX_UNAVAILABLE 50.6%
DDH ECONOMIC_SIZE_MISMATCH 2700.000000000000 VND 9720000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.25x 21.68% 15.46% 2.31% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
HNB ECONOMIC_SIZE_MISMATCH 13900.000000000000 VND 132050000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.14x 6.55% 29.99% 8.57% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
NAS 29500.000000000000 VND 245315038000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.80x 21.16% -1.25% 4.33% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
NCS 31500.000000000000 VND 565396587000.000000000000 VND 7.75x 2.29x 19.49% 23.59% 7.74% — TTM_OCF_OR_CAPEX_UNAVAILABLE -19.9%
PAP 28000.000000000000 VND 9996000000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 5.12x 7013.10% -2815.87% -326.01% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
PHP 43500.000000000000 VND 14222760000000.000000000000 VND 11.62x 2.09x 5.20% 1.96% 30.15% -27.54% 20.0%
PNP 19000.000000000000 VND 305900000000.000000000000 VND 6.94x 1.30x -1.07% 2.46% 12.19% — TTM_OCF_OR_CAPEX_UNAVAILABLE -28.3%
PSN 8000.000000000000 VND 320000000000.000000000000 VND 7.49x 0.58x 14.60% -7.05% 2.52% — TTM_OCF_OR_CAPEX_UNAVAILABLE -22.6%
PSP 16200.000000000000 VND 648000000000.000000000000 VND 56.23x 1.42x 24.13% 36.83% 3.86% — TTM_OCF_OR_CAPEX_UNAVAILABLE 480.9%
QSP 22800.000000000000 VND 246063870000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.12x 1.49% -7.84% 68.09% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
SAC ECONOMIC_SIZE_MISMATCH 10500.000000000000 VND 42525000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.85x 3.48% 34.37% 5.95% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
SGP 19900.000000000000 VND 4304269723900.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.34x 10.89% 112.34% 29.65% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
STS 134200.000000000000 VND 371495258200.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.69x 27.89% 86.53% 48.94% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
TCW 29600.000000000000 VND 591734192000.000000000000 VND 4.51x 1.45x 14.15% 16.64% 9.31% 27.69% -53.4%
TNP ECONOMIC_SIZE_MISMATCH 19600.000000000000 VND 139160000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.37x 31.87% 119.71% 26.20% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
TPS 57000.000000000000 VND 285000000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 2.87x 12.96% 13.65% 37.88% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
TUG ECONOMIC_SIZE_MISMATCH 16700.000000000000 VND 89763819300.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.99x 2.60% 9.56% 8.53% — TTM_OCF_OR_CAPEX_UNAVAILABLE —

Peer median P/E: 9.68x (10 compatible observations · P25 7.56x / P75 13.84x)

Excluded: CAG (NO_COMPATIBLE_CLASSIFICATION); CIA (NO_COMPATIBLE_CLASSIFICATION); CCR (NO_COMPATIBLE_CLASSIFICATION); CLL (NO_COMPATIBLE_CLASSIFICATION); CTI (NO_COMPATIBLE_CLASSIFICATION); DS3 (NO_COMPATIBLE_CLASSIFICATION); MAS (NO_COMPATIBLE_CLASSIFICATION); CDN (NO_COMPATIBLE_CLASSIFICATION); HHV (NO_COMPATIBLE_CLASSIFICATION); DVP (NO_COMPATIBLE_CLASSIFICATION); DXP (NO_COMPATIBLE_CLASSIFICATION); PDN (NO_COMPATIBLE_CLASSIFICATION); GMD (NO_COMPATIBLE_CLASSIFICATION); HAH (NO_COMPATIBLE_CLASSIFICATION); CII (NO_COMPATIBLE_CLASSIFICATION); HTI (NO_COMPATIBLE_CLASSIFICATION); NAP (NO_COMPATIBLE_CLASSIFICATION); NCT (NO_COMPATIBLE_CLASSIFICATION); QNP (NO_COMPATIBLE_CLASSIFICATION); SCS (NO_COMPATIBLE_CLASSIFICATION); SGN (NO_COMPATIBLE_CLASSIFICATION); TCL (NO_COMPATIBLE_CLASSIFICATION); VGP (NO_COMPATIBLE_CLASSIFICATION); VSC (NO_COMPATIBLE_CLASSIFICATION); VMS (NO_COMPATIBLE_CLASSIFICATION); WCS (NO_COMPATIBLE_CLASSIFICATION)

comparison inputs, not causal conclusions: revenue_growth_percent, pat_growth_percent, net_margin_percent, price_to_book

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