FPT Corp.

In the news

Vietnam's FPT looks to lead tech rebound from coronavirus hit May 28, 2020
Multinationals woo Japan's foreign students amid labor crunch Jul 29, 2019
Vietnam's FPT plans engineer surge to sharpen Japan focus Dec 7, 2018
FPT Retail lists shares on Ho Chi Minh City bourse Apr 26, 2018
Vietnam's Danang begins makeover into 'smart city' Apr 21, 2018

Company Background

FPT is the largest information technology company in Vietnam. Sales in the year ended December 2018 totaled some 23.21 trillion Vietnamese dong ($1 billion).

The core business of the company focuses on three main sectors: information technology, telecommunications and education. It undertakes software development for many foreign clients, with half of its orders coming from Japan.

In the 2019-2021 period, FPT plans to embark upon a digital transformation -- a strategic shift from IT services to DX service provider -- and to be among the top 50 global digital services.

The company founded a university in hopes of expanding the number of capable engineers available. It currently has nearly 17,000 students, of whom about half are majoring in IT.

The government holds only a 5.9% stake in FPT. It is 48.75% owned by foreign investors and the largest shareholder is Chairman Truong Gia Binh, who holds just 7.08%.

The company went public on the Ho Chi Minh Stock Exchange in 2006. Its market capitalization in 2019, at about $1.37 billion, is one of the largest among non-state entities. The company is expanding its business abroad and had operations in 45 countries and regions in 2018. In June 2014, it acquired a Slovakian IT company. In July 2018, FPT acquired a U.S. technology consulting company.

FPT started as a food processing technology company founded by Binh in 1988. Binh studied mathematics and computers at Moscow State University, where he earned his doctorate. He has been dubbed the Bill Gates of Vietnam. In 2013, he was given the Nikkei Asia Award by the Nikkei Group (Japan) for his contributions to the development of Vietnam’s IT industry.

Business Summary

FPT Corp. engages n the provision of information, technology, and telecommunications products and services. It operates through the Technology and Telecommunications, and Investment and Education business segments. The Information Technology and Telecommunications segment is divided into the following sub segments: telecommunications, digital content, software development, system integration, informatics services and education. The Investment segment is involved in the management of investments in associates in the finance field and real estate projects. The company was founded by Binh Gia Truong, Tien Quang Le, Ngoc Quang Bui, Bao Cao Do, Nam Thanh Nguyen, and Thanh Thanh Thi Truong on September 13, 1988 and is headquartered in Ha Noi, Vietnam.

Financial Highlights

Dec 2021	VND	USD
Revenue	35,657.26B	1,554.71M
Gross Profit	13,631.96B	594.37M
Operating income	5,415.02B	236.10M
Income before tax	6,337.20B	276.31M
Net income	3,940.19B	171.79M
EBITDA	7,058.94B	307.78M
Diluted EPS	3,623.77	0.15
Dividends Per Share	1,666.66	0.07
Total Assets	53,697.94B	2,356.20M
Total liabilities	32,279.76B	1,416.40M
Total equity	17,940.94B	787.22M
Operating cash flow	7,022.50B	306.19M
	Currency in VND	Currency in USD

Historical Data

VND | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	42,658.61B	23,213.53B	27,716.96B	29,830.40B	35,657.26B
Gross Profit	9,682.40B	8,722.87B	10,712.04B	11,813.65B	13,631.96B
Operating income	3,166.63B	3,121.75B	4,146.83B	4,604.72B	5,415.02B
Income before tax	4,255.11B	3,857.60B	4,664.53B	5,263.45B	6,337.20B
Net income	2,719.20B	2,391.23B	2,858.85B	3,226.09B	3,940.19B
EBITDA	4,206.05B	4,286.44B	6,594.26B	6,095.33B	7,058.94B
Diluted EPS	2,554.84	2,235.76	2,659.04	2,985.36	3,623.77
Dividends Per Share	1,245.29	1,145.67	1,260.23	1,449.27	1,666.66
Total Assets	24,999.67B	29,757.06B	33,394.16B	41,734.32B	53,697.94B
Total liabilities	11,761.10B	14,981.90B	16,594.68B	23,128.46B	32,279.76B
Total equity	11,428.99B	12,473.11B	13,964.20B	15,745.57B	17,940.94B
Operating cash flow	2,396.23B	4,062.02B	4,481.17B	7,234.14B	7,022.50B

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	1,877.84M	1,008.14M	1,193.26M	1,283.80M	1,554.71M
Gross Profit	426.22M	378.82M	461.17M	508.42M	594.37M
Operating income	139.39M	135.57M	178.52M	198.17M	236.10M
Income before tax	187.31M	167.53M	200.81M	226.52M	276.31M
Net income	119.69M	103.84M	123.07M	138.84M	171.79M
EBITDA	185.15M	186.15M	283.89M	262.32M	307.78M
Diluted EPS	0.11	0.09	0.11	0.12	0.15
Dividends Per Share	0.05	0.04	0.05	0.06	0.07
Total Assets	1,100.87M	1,282.90M	1,441.11M	1,808.05M	2,356.20M
Total liabilities	517.90M	645.91M	716.13M	1,001.99M	1,416.40M
Total equity	503.28M	537.75M	602.61M	682.14M	787.22M
Operating cash flow	105.48M	176.41M	192.92M	311.33M	306.19M

Valuation Measures

Dec 2021
PER	21.38
ROA	8.25%
ROE	23.39%
Operating margin	15.18%
Profit margin	11.05%

Key executives

General Director: Khoa Van Nguyen
Chief Financial Officer & Deputy General Director: Phuong The Nguyen
Chief Technology Officer: Tu Anh Vu
Deputy General Director: Anh Viet Hoang
Chief Accountant: Chien Huu Hoang

Shareholders

TRUONG BINH GIA (6.0%)
State Capital Investment Corp. (Investment Management) (5.0%)
Macquarie Bank Ltd. (Private Banking) (3.7%)
VietFund Management Co. (Investment Management) (3.3%)
Qt Co. Ltd. (3.0%)
Matthews International Capital Management LLC (2.3%)
Dragon Capital Management Co. Ltd. (2.2%)
BUI NGOC QUANG (2.1%)
VinaCapital Investment Management Ltd. (Invt Mgmt) (1.5%)
Truck Capital Management LLC (1.3%)

Contact Details

Website:http://fpt.com.vn
Address: FPT Cau Giay Building, 17 Duy Tan Street, Ha Noi, 10000, Vietnam
Phone: +84.24.7300.7300

Related Companies

Synnex FPT Distribution Co., Ltd.
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FPT Education Co. Ltd.
Base Enterprise JSC
FPT Asia Pacific Pte Ltd.
FPT Ventures
FPT Software Co., Ltd.
FPT Securities JSC (Staging)
Fpt Investment
Fpt Media Co. Ltd.
Synnex FPT JSC
FPT Information System Corp.
Intellinet Corp.

Competitors

Tata Consultancy Services Limited
Accenture Plc Class A
Infosys Limited
Central Retail Corporation Public Company Limited

Last Updated on 1 Dec, 2022