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 See more articles on 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
Financial Highlights
| Dec 2020 | VND | USD |
| Revenue | 29,830.40B | 1,283.80M |
| Gross Profit | 11,815.83B | 508.51M |
| Operating income | 4,602.25B | 198.06M |
| Income before tax | 5,260.98B | 226.41M |
| Net income | 3,225.75B | 138.82M |
| EBITDA | 6,093.43B | 262.24M |
| Diluted EPS | 4,119 | 0.17 |
| Dividends Per Share | -- | -- |
| Total Assets | 41,749.43B | 1,808.70M |
| Total liabilities | 23,146.53B | 1,002.77M |
| Total equity | 15,743.56B | 682.05M |
| Operating cash flow | 7,215.81B | 310.54M |
| Currency in VND | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 39,531.46B | 42,658.61B | 23,213.53B | 27,716.96B | 29,830.40B |
| Gross Profit | 8,438.13B | 9,682.40B | 8,722.87B | 10,712.04B | 11,815.83B |
| Operating income | 3,048.52B | 3,166.63B | 3,121.75B | 4,146.83B | 4,602.25B |
| Income before tax | 3,013.89B | 4,255.11B | 3,857.60B | 4,664.53B | 5,260.98B |
| Net income | 1,800.14B | 2,719.20B | 2,391.23B | 2,858.85B | 3,225.75B |
| EBITDA | 3,981.96B | 4,206.05B | 4,286.44B | 6,594.26B | 6,093.43B |
| Diluted EPS | 2,349.12 | 3,525.69 | 3,085.36 | 3,669.48 | 4,119 |
| Dividends Per Share | 1,195.48 | 1,718.50 | 1,581.02 | 1,739.13 | -- |
| Total Assets | 29,833.26B | 24,999.67B | 29,757.06B | 33,394.16B | 41,749.43B |
| Total liabilities | 18,384.99B | 11,761.10B | 14,981.90B | 16,594.68B | 23,146.53B |
| Total equity | 9,525.12B | 11,428.99B | 12,473.11B | 13,964.20B | 15,743.56B |
| Operating cash flow | 4,620.42B | 2,396.23B | 4,062.02B | 4,481.17B | 7,215.81B |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 1,767.54M | 1,877.84M | 1,008.14M | 1,193.26M | 1,283.80M |
| Gross Profit | 377.28M | 426.22M | 378.82M | 461.17M | 508.51M |
| Operating income | 136.30M | 139.39M | 135.57M | 178.52M | 198.06M |
| Income before tax | 134.75M | 187.31M | 167.53M | 200.81M | 226.41M |
| Net income | 80.48M | 119.69M | 103.84M | 123.07M | 138.82M |
| EBITDA | 178.04M | 185.15M | 186.15M | 283.89M | 262.24M |
| Diluted EPS | 0.10 | 0.15 | 0.13 | 0.15 | 0.17 |
| Dividends Per Share | 0.05 | 0.07 | 0.06 | 0.07 | -- |
| Total Assets | 1,310.14M | 1,100.87M | 1,282.90M | 1,441.11M | 1,808.70M |
| Total liabilities | 807.38M | 517.90M | 645.91M | 716.13M | 1,002.77M |
| Total equity | 418.30M | 503.28M | 537.75M | 602.61M | 682.05M |
| Operating cash flow | 206.59M | 105.48M | 176.41M | 192.92M | 310.54M |
Valuation Measures
| Dec 2020 | |
| PER | 14.34 |
| ROA | 8.58% |
| ROE | 21.71% |
| Operating margin | 15.42% |
| Profit margin | 10.81% |
Key executives
- General Director: Khoa Van Nguyen
- CFO & 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 (7.0%)
- State Capital Investment Corp. (Investment Management) (5.8%)
- Macquarie Bank Ltd. (Private Banking) (4.7%)
- Qt Co. Ltd. (3.6%)
- BUI NGOC QUANG (2.4%)
- FIL Investment Management (Hong Kong) Ltd. (1.8%)
- Truck Capital Management LLC (1.8%)
- TRUONG THANH THANH THI (1.6%)
- NTAsset (Thailand) Co., Ltd. (1.5%)
- Aberdeen Standard Investments (Asia) Ltd. (1.5%)
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
- 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.
- Synnex FPT JSC
- FPT Information System Corp.
- Intellinet Corp.
Competitors
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Last Updated on 25 Feb, 2021
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