Vietnam Airlines - Public Comps and Valuation Multiples

Vietnam Airlines Overview

About Vietnam Airlines

Viet Nam Airlines JSC is an airline service provider in Vietnam. The company provides air transportation of passengers, air transportation of luggage, cargos, parcels, postal items and mails and activities of general aviation including aerial photography of the terrain, geological surveys and lead flight calibration of air stations among others.

Founded

1993

HQ

Employees

7.2K+

Website

vietnamairlines.com

Sectors

Airlines

Financials

LTM Revenue $4.3B

LTM EBITDA $539M

EV

$4.4B

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Vietnam Airlines Financials

As of August 2025, Vietnam Airlines reported last 12-month revenue of $4.3B and EBITDA of $539M.

In the same period, Vietnam Airlines generated $751M in LTM gross profit and $370M in net income.

See Vietnam Airlines valuation multiples based on analyst estimates

Vietnam Airlines P&L

In the most recent fiscal year, Vietnam Airlines reported revenue of $4.0B and EBITDA of $561M.

Vietnam Airlines expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Vietnam Airlines valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$4.3B	XXX	$4.0B	XXX	XXX	XXX
Gross Profit	$751M	XXX	$527M	XXX	XXX	XXX
Gross Margin	17%	XXX	13%	XXX	XXX	XXX
EBITDA	$539M	XXX	$561M	XXX	XXX	XXX
EBITDA Margin	13%	XXX	14%	XXX	XXX	XXX
EBIT	$425M	XXX	$258M	XXX	XXX	XXX
EBIT Margin	10%	XXX	6%	XXX	XXX	XXX
Net Profit	$370M	XXX	$287M	XXX	XXX	XXX
Net Margin	9%	XXX	7%	XXX	XXX	XXX
Net Debt	XXX	XXX	$354M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Vietnam Airlines including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $4.3B. EBITDA for the last twelve months was $539M. In the most recent fiscal year, Vietnam Airlines achieved $4.0B in revenue and $561M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$4.3B	Analyst estimates available to subscribers	$4.0B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$751M	Analyst estimates available to subscribers	$527M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	17.5% gross margin	Analyst estimates available to subscribers	13.1% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$539M	Analyst estimates available to subscribers	$561M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	12.5% EBITDA margin	Analyst estimates available to subscribers	14.0% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$425M	Analyst estimates available to subscribers	$258M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	9.9% EBIT margin	Analyst estimates available to subscribers	6.4% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$370M	Analyst estimates available to subscribers	$287M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	8.6% net profit margin	Analyst estimates available to subscribers	7.1% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$354M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Vietnam Airlines

This financial data table provides comprehensive performance metrics for Vietnam Airlines, a company based in Viet Nam. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Vietnam Airlines generated $4.3B in revenue over the last twelve months.
The company achieved $539M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $751M.
Net income over the last twelve months reached $370M.

Fiscal Year Performance

In the most recent fiscal year, Vietnam Airlines reported $4.0B in total revenue.
Fiscal year EBITDA was $561M.
The company maintained a gross profit margin of 13.1% in the most recent fiscal year.
EBITDA margin for the fiscal year was 14.0%.
Net profit margin reached 7.1% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Vietnam Airlines. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Vietnam Airlines Stock Performance

Vietnam Airlines has current market cap of VND 105.07T (or $4.0B), and EV of VND 115.99T (or $4.4B).

Market Cap Evolution

Vietnam Airlines Stock Data

As of September 30, 2025, Vietnam Airlines's stock price is VND 37400 (or $1).

See Vietnam Airlines trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$4.4B	$4.0B	XXX	XXX	XXX	XXX	$0.13

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Vietnam Airlines Valuation Multiples

Vietnam Airlines's trades at 1.1x EV/Revenue multiple, and 7.8x EV/EBITDA.

See valuation multiples for Vietnam Airlines and 15K+ public comps

Vietnam Airlines Financial Valuation Multiples

As of September 30, 2025, Vietnam Airlines has market cap of $4.0B and EV of $4.4B.

Equity research analysts estimate Vietnam Airlines's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Vietnam Airlines has a P/E ratio of 10.8x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$4.0B	XXX	$4.0B	XXX	XXX	XXX
EV (current)	$4.4B	XXX	$4.4B	XXX	XXX	XXX
EV/Revenue	1.0x	XXX	1.1x	XXX	XXX	XXX
EV/EBITDA	8.2x	XXX	7.8x	XXX	XXX	XXX
EV/EBIT	10.3x	XXX	17.0x	XXX	XXX	XXX
EV/Gross Profit	5.9x	XXX	n/a	XXX	XXX	XXX
P/E	10.8x	XXX	13.9x	XXX	XXX	XXX
EV/FCF	108.3x	XXX	12.7x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Vietnam Airlines Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Vietnam Airlines Margins & Growth Rates

Vietnam Airlines's last 12 month revenue growth is 0%

Vietnam Airlines's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $37K for the same period.

Vietnam Airlines's rule of 40 is 3% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Vietnam Airlines's rule of X is 14% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Vietnam Airlines and other 15K+ public comps

Vietnam Airlines Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	0%	XXX	3%	XXX	XXX	XXX
EBITDA Margin	13%	XXX	14%	XXX	XXX	XXX
EBITDA Growth	11%	XXX	181%	XXX	XXX	XXX
Rule of 40	3%	XXX	14%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	14%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.6M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$37K	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	4%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	7%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial