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Technology Services

FPT Corp.

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 2018 VNDUSD
Revenue23,213.53B1,008.14M
Gross Profit8,722.87B378.82M
Operating income3,121.75B135.57M
Income before tax3,857.60B167.53M
Net income2,391.23B103.84M
EBITDA4,286.44B186.15M
Diluted EPS3,548.160.15
Dividends Per Share1,818.180.07
Total Assets29,757.06B1,282.90M
Total liabilities14,981.90B645.91M
Total equity12,473.11B537.75M
Operating cash flow4,062.02B176.41M
Currency in VNDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 32,644.65B 37,959.69B 39,531.46B 42,658.61B 23,213.53B
Gross Profit 6,273.46B 7,493.81B 8,438.13B 9,682.40B 8,722.87B
Operating income 2,387.51B 2,935.15B 3,048.52B 3,166.63B 3,121.75B
Income before tax 2,418.36B 2,851.14B 3,013.89B 4,255.11B 3,857.60B
Net income 1,632.08B 1,740.89B 1,800.14B 2,719.20B 2,391.23B
EBITDA 3,475.55B 3,668.03B 3,981.96B 4,206.05B 4,286.44B
Diluted EPS 2,466.85 2,621.69 2,701.49 4,054.54 3,548.16
Dividends Per Share 1,039.55 1,195.48 1,374.80 1,976.28 1,818.18
Total Assets 22,658.34B 26,045.58B 29,833.26B 24,999.67B 29,757.06B
Total liabilities 13,400.33B 15,863.11B 18,384.99B 11,761.10B 14,981.90B
Total equity 7,913.34B 8,580.97B 9,525.12B 11,428.99B 12,473.11B
Operating cash flow 1,340.72B 1,382.45B 4,620.42B 2,396.23B 4,062.02B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,539.89M 1,731.30M 1,767.54M 1,877.84M 1,008.14M
Gross Profit 295.92M 341.78M 377.28M 426.22M 378.82M
Operating income 112.62M 133.86M 136.30M 139.39M 135.57M
Income before tax 114.07M 130.03M 134.75M 187.31M 167.53M
Net income 76.98M 79.40M 80.48M 119.69M 103.84M
EBITDA 163.94M 167.29M 178.04M 185.15M 186.15M
Diluted EPS 0.11 0.11 0.12 0.17 0.15
Dividends Per Share 0.04 0.05 0.06 0.08 0.07
Total Assets 1,059.41M 1,158.35M 1,310.14M 1,100.87M 1,282.90M
Total liabilities 626.54M 705.49M 807.38M 517.90M 645.91M
Total equity 369.99M 381.63M 418.30M 503.28M 537.75M
Operating cash flow 63.24M 63.05M 206.59M 105.48M 176.41M

Valuation Measures

Dec 2018
PER10.81
ROA8.73%
ROE20.00%
Operating margin13.44%
Profit margin10.30%

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%)
  • Dragon Capital Management Co. Ltd. (3.4%)
  • BUI NGOC QUANG (3.3%)
  • Bdm Investment & Trading JSC (2.5%)
  • 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%)

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

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