VNEquity Research

UPCOM · Freight & Logistics

VNA Vinaship Joint Stock Company

CTCP Van tai bien Vinaship

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

Browse opportunity signals Open screener

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.

CompanyVinaship Joint Stock Company
TickerVNA
ExchangeUPCOM
IndustryFreight & Logistics
Research stateNo research available NO_RESEARCH
Research certificationNo certified research
Matched opportunity conditions2 of 5
Latest screening snapshot2026-09-25T11:56:53.929347+00:00
Latest market price2026-09-24T00:00:00+00:00
Latest fundamental period2026-06-30
Latest research reportUnavailable
Evidence records109
Source documents6

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

2 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.

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

UNMATCHED

Positive revenue growth, positive parent PAT growth and positive trailing parent earnings are not all present.

  • 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 -1.69% OK latest compatible full year
pat_growth -34.14% OK latest compatible full year
pe_ttm 3.6201x OK TTM 2026-06-30 · CURRENT
Thresholds
growth min percent
0
pe positive
yes
market current max hours
72.0

Cash-flow strength CASH_FLOW_STRENGTH

UNMATCHED

A positive FCF Proxy Yield above 0% and a positive P/E are not both present.

  • 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 -72.3948% OK TTM 2025-12-31 / TTM 2025-12-31 · CURRENT
pe_ttm 3.6201x OK TTM 2026-06-30 · 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

MATCHED

PAT margin 33.3145% is positive, operating margin 9.9604% is at least 5%, and P/E 3.6201 is within (0, 40].

Magnitude: 9.9604%

  • Operating and PAT margins are not cross-sector comparable in this screening phase.
Observations (4)
InputValueStatusPeriod / freshness
market_price — OK — · CURRENT
pat_margin 33.3145% OK QUARTER 2026-06-30 · CURRENT
operating_margin 9.9604% OK QUARTER 2026-06-30 · CURRENT
pe_ttm 3.6201x OK TTM 2026-06-30 · 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

UNMATCHED

The below-history percentile, signal, negative premium/discount and positive P/E requirements are not all present.

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 32% OK — · CURRENT
historical_premium_discount -58.7% OK — · CURRENT
historical_signal NEAR_HISTORY OK — · CURRENT
pe_ttm 3.6201x OK TTM 2026-06-30 · 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

MATCHED

No meaningful persisted research exists while at least one quantitative signal matched (QUALITY_AT_REASONABLE_VALUATION). This is a research-coverage observation, not a recommendation.

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 11:56:53.929347+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)3.6201x
P/B (parent equity)0.7896x
Revenue growth (latest compatible FY)-1.69%
Parent PAT growth (latest compatible FY)-34.14%
Operating margin (latest compatible period)9.9604%
PAT margin (latest compatible period)33.3145%
FCF Proxy Yield (TTM)-72.3948%
OCF / PAT (latest compatible period)44.8981%
Market freshnessCURRENT price 2026-09-24T00:00:00+00:00
Fundamental periodthrough 2026-06-30 freshness CURRENT
Snapshot built at2026-09-25T11:56:53.929347+00:00 01a09a7b-e2e9-788f-8a8d-19567a638b2c
Persisted research stateNONE MISSING
Historical valuation signalNEAR_HISTORY available

Snapshot refusal reasons: HISTORICAL_VALUATION_NOT_REQUESTED; TTM_DIVIDENDS_UNAVAILABLE

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Valuation snapshot

ssi-iboard · UPCOM · 2026-09-24T00:00:00+00:00 · retrieved 2026-09-24T11:51:55.486931+00:00 · share basis: unavailable

Price13700.000000000000 VND
Shares outstanding—
Market cap465799452000.000000000000
Market capitalization465799452000.0000
Earnings yield (TTM, parent)27.6239%
P/E (TTM, parent)3.6201x
P/B (parent equity)0.7896x
Dividend yield (trailing cash DPS)— DIVIDEND_PER_SHARE_UNAVAILABLE
Cash distribution yield (proxy)— TTM_DIVIDENDS_UNAVAILABLE
FCF Proxy Yield (TTM)-72.3948%
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

Deterministic Bull / Base / Bear

CaseAssumptionsTarget multiple rationaleImplied value / shareUpside / downside
Bull
  • TTM revenue growth of 5.00%
  • TTM parent PAT margin of 24.51%
  • target P/E of 4.0x
ANALYST_ASSUMPTION
current TTM P/E +10% sensitivity, rounded to 0.1x		16569.705920.9468%
Base
  • TTM revenue growth of 0.00%
  • TTM parent PAT margin of 23.51%
  • target P/E of 3.6x
CURRENT_MULTIPLE
current TTM parent-attributable P/E, rounded to 0.1x		13623.1434-0.5610%
Bear
  • TTM revenue growth of -5.00%
  • TTM parent PAT margin of 22.51%
  • target P/E of 3.3x
ANALYST_ASSUMPTION
current TTM P/E -10% sensitivity, rounded to 0.1x		11358.8729-17.0885%

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/E3.62x
1Y median P/E8.51x
3Y median P/E9.31x
5Y median P/E8.96x
25th / 75th percentile P/E1.93 / 13.75
Min / max P/E1.30 / 23.84 (raw 1.30 / 23.84)
Percentile rank30.7%
Premium / discount to median-59.6%
SignalNEAR_HISTORY percentile_rank 30.7 between 25 and 75
CertificationNON_CERTIFIED_MODELED_AVAILABILITY 124 observations use REPORT_LAG_MODEL; 688 observations use ANNUAL_PAT_FALLBACK
P/B history— PARENT_EQUITY_HISTORY_UNAVAILABLE
Dividend-yield history— DIVIDEND_PER_SHARE_HISTORY_UNAVAILABLE

P/E range 3.59x – 23.84x 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': 1435} bars); SUSPICIOUS_DISCONTINUITY: trade_date=2024-06-28, previous_close=18.320000000000, close=22.290000000000, absolute_return=0.2167030567685589519650655022; ADJUSTMENT_UNKNOWN: adjusted=False, adjustment_basis=UNKNOWN

Peer comparison

EXACT_INDUSTRY · Exact primary-industry and exchange match. · 24 compatible peer(s)

TickerPriceMarket capP/EP/BRevenue growthPAT growthMarginsFCF proxy yieldPremium / discount to peer median
DDM ECONOMIC_SIZE_MISMATCH 1400.000000000000 VND 17142293000.000000000000 VND 0.22x — PARENT_EQUITY_UNAVAILABLE -16.35% 422.20% 41.35% — TTM_OCF_OR_CAPEX_UNAVAILABLE -98.5%
DNL 35400.000000000000 VND 152574000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 2.35x -7.64% 38.41% 4.44% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
EMS 18500.000000000000 VND 388489640000.000000000000 VND 5.22x 1.16x 6.80% 5.94% 3.52% — TTM_OCF_OR_CAPEX_UNAVAILABLE -65.4%
ILC 5700.000000000000 VND 34772228700.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.56x 11.00% -58.07% 2.52% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
ILS 18000.000000000000 VND 648000000000.000000000000 VND 16.05x 1.77x 20.24% 10.77% 6.99% — TTM_OCF_OR_CAPEX_UNAVAILABLE 6.4%
ISG 9000.000000000000 VND 79200000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE -4.87% -92.24% 11.28% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
IST 30200.000000000000 VND 453256458400.000000000000 VND 5.49x 1.65x 12.49% 25.90% 16.10% — TTM_OCF_OR_CAPEX_UNAVAILABLE -63.6%
MVN 58400.000000000000 VND 372282480000.000000000000 VND 0.14x 0.02x 12.12% -3.66% 10.24% — TTM_OCF_OR_CAPEX_UNAVAILABLE -99.1%
NOS ECONOMIC_SIZE_MISMATCH 700.000000000000 VND 14039200000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE -39.75% 29.14% -204.54% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
RAT 14500.000000000000 VND 85866694500.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.06x 23.35% 40.94% 0.64% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
SGS 12900.000000000000 VND 186018000000.000000000000 VND 44.47x 0.57x -28.02% -54.07% 9.72% — TTM_OCF_OR_CAPEX_UNAVAILABLE 194.7%
SHC 11600.000000000000 VND 49990780000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.58x 20.96% 69.43% 7.96% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
SSG 6000.000000000000 VND 30000000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.57x -99.32% -97.92% 771.66% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
TR1 16600.000000000000 VND 76235334000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.64x 4.20% 19.42% 3.22% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
ULG 12200.000000000000 VND 878400000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE — PRIOR_PERIOD_UNAVAILABLE — PRIOR_PERIOD_UNAVAILABLE — MATCHING_REVENUE_AND_PAT_PERIOD_UNAVAILABLE — TTM_OCF_OR_CAPEX_UNAVAILABLE —
VBT ECONOMIC_SIZE_MISMATCH 3800.000000000000 VND 12160000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE — PRIOR_PERIOD_UNAVAILABLE — PRIOR_PERIOD_UNAVAILABLE — MATCHING_REVENUE_AND_PAT_PERIOD_UNAVAILABLE — TTM_OCF_OR_CAPEX_UNAVAILABLE —
VFC 101600.000000000000 VND 3454400000000.000000000000 VND 1016.02x 4.94x 16.44% -46.12% 1.01% -5.26% 6633.1%
VFR 8600.000000000000 VND 129000000000.000000000000 VND 5.58x 0.40x 27.60% -17.42% 17.44% -73.61% -63.0%
VGR 131500.000000000000 VND 10812582108500.000000000000 VND 21.12x 9.06x 5.51% 45.77% 43.07% — TTM_OCF_OR_CAPEX_UNAVAILABLE 40.0%
VIN 16000.000000000000 VND 408000000000.000000000000 VND 42.48x 0.72x 197.53% -60.10% 2.37% -11.24% 181.5%
VLG 7300.000000000000 VND 103748549000.000000000000 VND 15.09x — PARENT_EQUITY_UNAVAILABLE 27.23% 184.39% 15.95% — TTM_OCF_OR_CAPEX_UNAVAILABLE 0.0%
VMT 12000.000000000000 VND 73710000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 0.83x 7.37% 85.47% 1.27% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
VPA 1700.000000000000 VND 25629500900.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE 17.36% 34.41% -26.04% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
VSG ECONOMIC_SIZE_MISMATCH 1100.000000000000 VND 12148400000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE 16.95% 28.98% -222.61% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
VST 2900.000000000000 VND 200098077300.000000000000 VND 0.75x — PARENT_EQUITY_UNAVAILABLE 5.88% 13.52% 47.10% -155.71% -95.0%
VTX 3700.000000000000 VND 77597587700.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 1.56x -25.80% 66.24% -25.75% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
VXT 46100.000000000000 VND 277150065200.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE 3.75x -1.45% 222.60% 2.76% — TTM_OCF_OR_CAPEX_UNAVAILABLE —
WTC 9400.000000000000 VND 164500000000.000000000000 VND — PARENT_PAT_TTM_UNAVAILABLE_OR_NON_POSITIVE — PARENT_EQUITY_UNAVAILABLE 45.49% -24.38% 0.77% — TTM_OCF_OR_CAPEX_UNAVAILABLE —

Peer median P/E: 15.09x (11 compatible observations · P25 5.36x / P75 31.80x) · target rank 3 · percentile 18.2% · target premium/discount -76.0%

Excluded: ASG (NO_COMPATIBLE_CLASSIFICATION); VSM (NO_COMPATIBLE_CLASSIFICATION); HMH (NO_COMPATIBLE_CLASSIFICATION); ILB (NO_COMPATIBLE_CLASSIFICATION); TCO (NO_COMPATIBLE_CLASSIFICATION); HTV (NO_COMPATIBLE_CLASSIFICATION); MHC (NO_COMPATIBLE_CLASSIFICATION); PRC (NO_COMPATIBLE_CLASSIFICATION); SFI (NO_COMPATIBLE_CLASSIFICATION); STG (NO_COMPATIBLE_CLASSIFICATION); VNT (NO_COMPATIBLE_CLASSIFICATION); TMS (NO_COMPATIBLE_CLASSIFICATION); TOT (NO_COMPATIBLE_CLASSIFICATION); TJC (NO_COMPATIBLE_CLASSIFICATION); GIC (NO_COMPATIBLE_CLASSIFICATION); VOS (NO_COMPATIBLE_CLASSIFICATION); VSA (NO_COMPATIBLE_CLASSIFICATION); VTP (NO_COMPATIBLE_CLASSIFICATION); VNF (NO_COMPATIBLE_CLASSIFICATION); VNL (NO_COMPATIBLE_CLASSIFICATION)

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

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