VietJet Aviation (HOSE:VJC) Stock Price & Quote Analysis – Simply Wall St

VietJet Aviation Joint Stock Company provides passenger and cargo air transportation services, and airline-related support services. It also provides aircraft rental and in-flight advertising services; and trades in and leases aircraft and aircraft components, as well as offers ancillary and payment services. The company was incorporated in 2007 and is based in Hanoi, Vietnam.

Up from ₫102,800, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₫129,000. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of ₫2,275 for next year compared to ₫177 last year.

First quarter 2022 results: EPS: ₫451 (up from ₫234 in 1Q 2021). Revenue: ₫4.52t (up 12% from 1Q 2021). Net income: ₫244.4b (up 96% from 1Q 2021). Profit margin: 5.4% (up from 3.1% in 1Q 2021). Over the next year, revenue is forecast to grow 215%, compared to a 48% growth forecast for the industry in Vietnam. Over the last 3 years on average, the company’s share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.

The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ₫38t to ₫36t. EPS estimate rose from ₫2,275 to ₫3,321. Net income forecast to grow 1,168% next year vs 12% growth forecast for Airlines industry in Vietnam. Consensus price target down from ₫126,400 to ₫118,500. Share price was steady at ₫129,300 over the past week.

Second quarter 2022 results: Revenue: ₫12t (up 230% from 2Q 2021). Net income: ₫180.1b (up ₫180.5b from 2Q 2021). Profit margin: 1.6% (up from 0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 111%, compared to a 57% growth forecast for the industry in Vietnam. Over the last 3 years on average, the company’s share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.

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