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 2022 | VND | USD |
| Revenue | 44,009.52B | 1,879.95M |
| Gross Profit | 17,109.23B | 730.85M |
| Operating income | 6,794.55B | 290.24M |
| Income before tax | 7,662.28B | 327.30M |
| Net income | 4,848.60B | 207.11M |
| EBITDA | 8,627.62B | 368.54M |
| Diluted EPS | 4,429.26 | 0.18 |
| Dividends Per Share | 2,000 | 0.08 |
| Total Assets | 51,650.40B | 2,190.89M |
| Total liabilities | 26,294.08B | 1,115.33M |
| Total equity | 21,046.46B | 892.74M |
| Operating cash flow | 6,847.45B | 292.50M |
| Currency in VND | Currency in USD |
Historical Data
| Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
| Revenue | 23,213.53B | 27,716.96B | 29,830.40B | 35,657.26B | 44,009.52B |
| Gross Profit | 8,722.87B | 10,712.04B | 11,813.65B | 13,631.96B | 17,109.23B |
| Operating income | 3,121.75B | 4,146.83B | 4,604.72B | 5,415.02B | 6,794.55B |
| Income before tax | 3,857.60B | 4,664.53B | 5,263.45B | 6,337.20B | 7,662.28B |
| Net income | 2,391.23B | 2,858.85B | 3,226.09B | 3,940.19B | 4,848.60B |
| EBITDA | 4,286.44B | 6,594.26B | 6,095.33B | 7,058.94B | 8,627.62B |
| Diluted EPS | 2,235.76 | 2,659.04 | 2,985.36 | 3,623.77 | 4,429.26 |
| Dividends Per Share | 1,145.67 | 1,260.23 | 1,449.27 | 1,666.66 | 2,000 |
| Total Assets | 29,757.06B | 33,394.16B | 41,734.32B | 53,697.94B | 51,650.40B |
| Total liabilities | 14,981.90B | 16,594.68B | 23,128.46B | 32,279.76B | 26,294.08B |
| Total equity | 12,473.11B | 13,964.20B | 15,745.57B | 17,940.94B | 21,046.46B |
| Operating cash flow | 4,062.02B | 4,481.17B | 7,234.14B | 7,022.50B | 6,847.45B |
| Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
| Revenue | 1,008.14M | 1,193.26M | 1,283.80M | 1,554.71M | 1,879.95M |
| Gross Profit | 378.82M | 461.17M | 508.42M | 594.37M | 730.85M |
| Operating income | 135.57M | 178.52M | 198.17M | 236.10M | 290.24M |
| Income before tax | 167.53M | 200.81M | 226.52M | 276.31M | 327.30M |
| Net income | 103.84M | 123.07M | 138.84M | 171.79M | 207.11M |
| EBITDA | 186.15M | 283.89M | 262.32M | 307.78M | 368.54M |
| Diluted EPS | 0.09 | 0.11 | 0.12 | 0.15 | 0.18 |
| Dividends Per Share | 0.04 | 0.05 | 0.06 | 0.07 | 0.08 |
| Total Assets | 1,282.90M | 1,441.11M | 1,808.05M | 2,356.20M | 2,190.89M |
| Total liabilities | 645.91M | 716.13M | 1,001.99M | 1,416.40M | 1,115.33M |
| Total equity | 537.75M | 602.61M | 682.14M | 787.22M | 892.74M |
| Operating cash flow | 176.41M | 192.92M | 311.33M | 306.19M | 292.50M |
Valuation Measures
| Dec 2022 | |
| PER | 17.36 |
| ROA | 9.20% |
| ROE | 24.87% |
| Operating margin | 15.43% |
| Profit margin | 11.01% |
Key executives
- Chief Executive Director: Khoa Van Nguyen
- Chief Financial Officer & Deputy General Director: Phuong The Nguyen
- Chief Information Technology Officer: Viet Xuan Nguyen
- Chief Technology Officer: Tu Anh Vu
- Deputy General Director: Anh Viet Hoang
Shareholders
- VietFund Management Co. (Investment Management) (3.8%)
- Matthews International Capital Management LLC (2.5%)
- Dragon Capital Management Co. Ltd. (2.2%)
- NTAsset (Thailand) Co., Ltd. (1.6%)
- VinaCapital Investment Management Ltd. (Invt Mgmt) (1.5%)
- Abrdn Asia Ltd. (1.4%)
- Templeton Asset Management Ltd. (1.1%)
- T. Rowe Price International Ltd. (1.1%)
- FIL Investment Management (Hong Kong) Ltd. (1.0%)
- Fiera Capital (UK) Ltd. (0.9%)
Contact Details
- Website:http://fpt.com.vn
- Address: FPT Tower, No. 10 Pham Van Bach Street, Ha Noi, 10000, Vietnam
- Phone: +84.24.7300.7300
Related Companies
- Synnex FPT Distribution Co., Ltd.
- FPT Software Malaysia Sdn. Bhd.
- 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
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