FPT Corp.

In the news

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
Vietnam protesters say $660m stolen in initial coin offerings Apr 12, 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. engaged in 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, education, and manufacture, distribution and retails of technology products. The Investment segment involves 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 2019	VND	USD
Revenue	27,716.96B	1,193.26M
Gross Profit	10,711.21B	461.13M
Operating income	4,117.88B	177.28M
Income before tax	4,664.53B	200.81M
Net income	2,859.08B	123.08M
EBITDA	5,461.87B	235.14M
Diluted EPS	4,220	0.18
Dividends Per Share	--	--
Total Assets	33,658.74B	1,452.52M
Total liabilities	16,783.54B	724.28M
Total equity	14,039.72B	605.87M
Operating cash flow	5,044.79B	217.18M
	Currency in VND	Currency in USD

Historical Data

VND | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	37,959.69B	39,531.46B	42,658.61B	23,213.53B	27,716.96B
Gross Profit	7,493.81B	8,438.13B	9,682.40B	8,722.87B	10,711.21B
Operating income	2,935.15B	3,048.52B	3,166.63B	3,121.75B	4,117.88B
Income before tax	2,851.14B	3,013.89B	4,255.11B	3,857.60B	4,664.53B
Net income	1,740.89B	1,800.14B	2,719.20B	2,391.23B	2,859.08B
EBITDA	3,668.03B	3,981.96B	4,206.05B	4,286.44B	5,461.87B
Diluted EPS	2,621.69	2,701.49	4,054.54	3,548.16	4,220
Dividends Per Share	1,195.48	1,374.80	1,976.28	1,818.18	--
Total Assets	26,045.58B	29,833.26B	24,999.67B	29,757.06B	33,658.74B
Total liabilities	15,863.11B	18,384.99B	11,761.10B	14,981.90B	16,783.54B
Total equity	8,580.97B	9,525.12B	11,428.99B	12,473.11B	14,039.72B
Operating cash flow	1,382.45B	4,620.42B	2,396.23B	4,062.02B	5,044.79B

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	1,731.30M	1,767.54M	1,877.84M	1,008.14M	1,193.26M
Gross Profit	341.78M	377.28M	426.22M	378.82M	461.13M
Operating income	133.86M	136.30M	139.39M	135.57M	177.28M
Income before tax	130.03M	134.75M	187.31M	167.53M	200.81M
Net income	79.40M	80.48M	119.69M	103.84M	123.08M
EBITDA	167.29M	178.04M	185.15M	186.15M	235.14M
Diluted EPS	0.11	0.12	0.17	0.15	0.18
Dividends Per Share	0.05	0.06	0.08	0.07	--
Total Assets	1,158.35M	1,310.14M	1,100.87M	1,282.90M	1,452.52M
Total liabilities	705.49M	807.38M	517.90M	645.91M	724.28M
Total equity	381.63M	418.30M	503.28M	537.75M	605.87M
Operating cash flow	63.05M	206.59M	105.48M	176.41M	217.18M

Valuation Measures

Dec 2019
PER	13.81
ROA	9.01%
ROE	21.56%
Operating margin	14.85%
Profit margin	10.31%

Key executives

Chief Executive Officer: Khoa Van Nguyen
Chief Operating Officer: Ha Viet Hoang
CFO & Deputy General Director: Phuong The Nguyen
Chief Technology Officer: Viet Hong Le
Director & Deputy General Director-Sales: Bao Cao Do

Shareholders

TRUONG BINH GIA (7.0%)
State Capital Investment Corp. (Investment Management) (5.8%)
BUI NGOC QUANG (2.7%)
Qt Co. Ltd. (2.2%)
Truck Capital Management LLC (2.1%)
FIL Investment Management (Hong Kong) Ltd. (1.8%)
Mason Hill Advisors LLC (1.7%)
Templeton Asset Management Ltd. (1.7%)
TRUONG THANH THANH THI (1.6%)
NTAsset (Thailand) Co., Ltd. (1.5%)

Contact Details

Website:http://fpt.com.vn
Address: FPT Cau Giay Building, 17 Duy Tan Street, Ha Noi, 100000, Vietnam
Phone: +84.24.7300.7300

Related Companies

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

Competitors

Last Updated on 14 Feb, 2020