As of 2025-05-22, the Intrinsic Value of Vietnam Airlines JSC (HVN.VN) is 60.56 VND. This HVN.VN valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 36.45 VND, the upside of Vietnam Airlines JSC is 66.20%.
The range of the Intrinsic Value is 50.49 - 75.54 VND
Based on its market price of 36.45 VND and our intrinsic valuation, Vietnam Airlines JSC (HVN.VN) is undervalued by 66.20%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 50.49 - 75.54 | 60.56 | 66.2% |
| DCF (Growth 10y) | 58.98 - 86.87 | 70.24 | 92.7% |
| DCF (EBITDA 5y) | 40.11 - 56.96 | 48.33 | 32.6% |
| DCF (EBITDA 10y) | 51.99 - 72.52 | 61.52 | 68.8% |
| Fair Value | 14.73 - 14.73 | 14.73 | -59.58% |
| P/E | 41.31 - 84.12 | 65.35 | 79.3% |
| EV/EBITDA | 30.20 - 51.51 | 39.49 | 8.3% |
| EPV | (1.36) - 0.16 | (0.60) | -101.6% |
| DDM - Stable | 14.84 - 28.42 | 21.63 | -40.7% |
| DDM - Multi | 21.93 - 34.37 | 26.90 | -26.2% |
| Market Cap (mil) | 82,020,150.00 |
| Beta | 1.31 |
| Outstanding shares (mil) | 2,250,210.00 |
| Enterprise Value (mil) | 95,594,150.00 |
| Market risk premium | 9.50% |
| Cost of Equity | 12.12% |
| Cost of Debt | 4.25% |
| WACC | 10.43% |