Viet Nam Ocean Shipping Agency Corp
Viet Nam Ocean Shipping Agency Corp operates in the marine freight and logistics industry, providing transportation services and generating revenue primarily through shipping and logistics operations.
Business. Viet Nam Ocean Shipping Agency Corp (VSA.HN) is a transportation company operating in the marine freight and logistics industry. The firm generates service revenue through its shipping and logistics activities. Specific details regarding operating segments and geographic mix are not available. The company is listed under the ticker VSA.HN.
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
Viet Nam Ocean Shipping Agency Corp (VSA.HN) is a transportation company operating in the marine freight and logistics industry. The firm generates service revenue through its shipping and logistics activities. Specific details regarding operating segments and geographic mix are not available. The company is listed under the ticker VSA.HN.
Viet Nam Ocean Shipping Agency Corp maintains a strong liquidity position, with a current ratio of 1.81 and cash and equivalents amounting to VND 60.8 billion. The company has no long-term debt, and its debt-to-equity ratio is 0.0, indicating a conservative capital structure with no leverage.
The company's profitability metrics show a return on equity of 2.25% and a return on assets of 1.25%. These figures are below the industry_config preferred metrics for the Marine Freight & Logistics industry, suggesting that the company's returns are not outperforming the median for its sector. The operating margin is 4.09% (calculated as operating income of VND 10.7 billion divided by revenue of VND 261.5 billion), which is in line with the industry's typical operating margin range.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of segment or geographic diversification could expose the company to higher operational and market risks if demand in its primary market fluctuates.
Looking ahead, the company is expected to maintain a stable growth trajectory, with no significant changes in revenue or operating performance projected for the next fiscal year. The capital expenditure for the period was negative at VND 599.4 million, indicating a reduction in investment in physical assets.
The risk assessment indicates a low probability of dilution and no immediate liquidity concerns. The company has not issued any recent equity or debt offerings that would suggest a need for capital raising, and there are no filing-based flags indicating potential dilution or liquidity issues.
Recent filings and transcripts do not highlight any major events or strategic shifts for the company. The absence of significant capital raising or restructuring activities suggests a stable operational environment for the near term.
- The company maintains a conservative capital structure with no long-term debt and a current ratio of 1.81.
- Return on equity and return on assets are below the industry median, indicating subpar profitability.
- Revenue is concentrated in a single business segment, with no geographic diversification disclosed.
- No immediate liquidity or dilution risks are identified, and the company has not raised capital recently.
- Capital expenditures were negative, suggesting a reduction in investment in physical assets.
Bull / Bear case
Generated · model-assistedFree cash flow surged 131.9% year-over-year to 4.88 billion VND, demonstrating strong liquidity generation.
Operating income grew 22.6% year-over-year, indicating improved core operational efficiency despite revenue declines.
The company maintains a debt-to-equity ratio of 0.0372, reflecting a conservative and low-leverage capital structure.
Cash conversion of 4.33 ranks as best-in-class within the Marine Freight & Logistics cohort.
Net income increased 8.3% year-over-year to 23.74 billion VND, showing resilience in profitability.
Return on equity of 2.25% is below the 4.51% median for the Marine Freight cohort.
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consensus EPS · 26-week trendSell-side observations
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- No immediate filing-based liquidity or dilution flags were detected.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Viet Nam Ocean Shipping Agency Corp Market data — financials · 2026-05-29
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- Investment Managers · as of 2026-03-310,00 %$0M
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Evidence & claims
From filings & derived data- Return on assets (FY 2025-12-31): 1,613.0%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 105.9%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -99.9%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 91.8%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -61.6%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): -99.9%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -99.9%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 18.8%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 0.04xDerived (calculated)
- Current ratio (FY 2025-12-31): 14.44xDerived (calculated)
- Return on equity (FY 2025-12-31): 1,673.0%Derived (calculated)
- Gross margin (FY 2025-12-31): 22.1%Derived (calculated)
- Net margin (FY 2025-12-31): 164,963.8%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -99.8%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 10.5%Derived (calculated)
- Cash & equivalents (annual): USD 7.86MSEC XBRL filing
- Operating income (annual): USD -5.72MSEC XBRL filing
- Revenue (annual): USD 149KSEC XBRL filing
- Current assets (annual): USD 7.88MSEC XBRL filing
- Net income (annual): USD 245.8MSEC XBRL filing
- Gross profit (annual): USD 33KSEC XBRL filing
- Operating cash flow (annual): USD -26.9MSEC XBRL filing
- Total assets (annual): USD 15.24MSEC XBRL filing
- Shareholders' equity (annual): USD 14.69MSEC XBRL filing