Finance
Vingroup JSC
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Company Background
Vingroup is Vietnam's largest real estate company and deals in a wide range of properties, including houses, shopping malls, hotels, golf courses and hospitals. The company has enhanced its brand cachet by targeting its Vincom shopping malls and Vincom Village residential areas at affluent customers.
One of the few entirely non-state concerns in Vietnam, Vingroup is about 30% owned by its largest shareholder and founder Pham Nhat Vuong. Foreign investors have a combined interest of about 15%. Market capitalization, at approximately $3 billion, is the largest among non-state-run companies and ranks among Vietnam's top five concerns when including state-owned entities.
Vingroup started out as a food-processing company founded by Vuong in Ukraine in 1993. The company was moved to Vietnam in 2000 as Vuong wished to contribute to the development of his home country. In 2013, he became the first Vietnamese to make it into the Forbes rankings of the world's wealthiest people.
In 2013, Vingroup raised some $200 million from U.S. investment fund Warburg Pincus to invest in four areas -- commercial facilities, tourism, hospitals and schools.
Business Summary
Vingroup JSC engages in real estate business. It also involves in investment activities and provides general administrative services. It operates through the following segments: Sales of Inventory Properties; Leasing Investment Properties and Related Services; Hospitality, Entertainment, and Related Services; Health Care and Related Services; Education and Related Services; Retail Services; and Others. The Sales of Inventory Properties segment covers developing and trading apartments and villas at real estate projects of the group as well as other investment activities in real estate sector. The Leasing Investment Properties and Related Services segment refers to leasing of office and retail areas and rendering related services at investment properties owned by the group. The Hospitality, Entertainment, and Related Services segment includes provision of hotel and related services at the hotels and resorts owned by the group. The Health Care and Related Services segment provides health care and related services at Vinmec International General Hospitals. The Education and Related Services segment engages in the provision of education and related services at Vinschool system and Vinacademy of the group. The Retail Services segment provides retailing and supermarket, convenience stores, and fashion showrooms. The Others segment refers to the provision of management, construction services, security, agriculture, trading wooden goods and other services. The company was founded by Vuong Nhat Pham in 1993 and is headquartered in Ha Noi, Vietnam.
Financial Highlights
| Dec 2019 | VND | USD |
| Revenue | 130,036.01B | 5,598.29M |
| Gross Profit | 34,503.55B | 1,485.44M |
| Operating income | 2,595.20B | 111.72M |
| Income before tax | 15,637.42B | 673.22M |
| Net income | 7,545.91B | 324.86M |
| EBITDA | 18,963.01B | 816.39M |
| Diluted EPS | 2,383.16 | 0.10 |
| Dividends Per Share | -- | -- |
| Total Assets | 403,740.75B | 17,423.27M |
| Total liabilities | 283,152.16B | 12,219.31M |
| Total equity | 76,417.47B | 3,297.76M |
| Operating cash flow | 16,194.10B | 697.18M |
| Currency in VND | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 35,693.86B | 57,614.34B | 89,350.04B | 121,894.40B | 130,036.01B |
| Gross Profit | 12,202.56B | 15,619.85B | 24,720.65B | 26,778.35B | 34,503.55B |
| Operating income | 3,713.23B | 921,398.07M | 8,031.74B | 7,064.18B | 2,595.20B |
| Income before tax | 2,852.10B | 6,737.83B | 9,114.28B | 13,900.64B | 15,637.42B |
| Net income | 1,215.77B | 3,384.58B | 4,462.41B | 3,823.73B | 7,545.91B |
| EBITDA | 8,689.86B | 8,586.61B | 15,536.25B | 16,625.81B | 18,963.01B |
| Diluted EPS | 339.14 | 1,138.84 | 1,500.82 | 1,272.67 | 2,383.16 |
| Dividends Per Share | 0 | 0 | 0 | -- | -- |
| Total Assets | 145,554.35B | 183,475.62B | 213,792.05B | 288,127.17B | 403,740.75B |
| Total liabilities | 107,969.43B | 135,184.45B | 161,235.04B | 188,960.46B | 283,152.16B |
| Total equity | 23,104.71B | 27,827.38B | 31,674.25B | 53,645.24B | 76,417.47B |
| Operating cash flow | 28,943.34B | 5,606.33B | 17,959.57B | -8,836.54B | 16,194.10B |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 1,627.96M | 2,576.07M | 3,933.21M | 5,293.77M | 5,598.29M |
| Gross Profit | 556.54M | 698.40M | 1,088.21M | 1,162.96M | 1,485.44M |
| Operating income | 169.35M | 41.19M | 353.55M | 306.79M | 111.72M |
| Income before tax | 130.08M | 301.26M | 401.21M | 603.69M | 673.22M |
| Net income | 55.45M | 151.33M | 196.43M | 166.06M | 324.86M |
| EBITDA | 396.33M | 383.92M | 683.91M | 722.04M | 816.39M |
| Diluted EPS | 0.01 | 0.05 | 0.06 | 0.05 | 0.10 |
| Dividends Per Share | 0 | 0 | 0 | -- | -- |
| Total Assets | 6,473.39M | 8,057.42M | 9,414.41M | 12,421.95M | 17,423.27M |
| Total liabilities | 4,801.84M | 5,936.69M | 7,100.05M | 8,146.60M | 12,219.31M |
| Total equity | 1,027.56M | 1,222.05M | 1,394.78M | 2,312.79M | 3,297.76M |
| Operating cash flow | 1,320.07M | 250.67M | 790.58M | -383.76M | 697.18M |
Valuation Measures
| Dec 2019 | |
| PER | 47.26 |
| ROA | 2.18% |
| ROE | 11.60% |
| Operating margin | 1.99% |
| Profit margin | 5.80% |
Key executives
- Vice Chairman & Chief Executive Officer: Quang Viet Nguyen
- Deputy General Director: Khuong Van Pham
- Deputy General Director: Noi Huong Mai
- Deputy General Director: Thuy Thanh Dang
- Chief Accountant: Thu Hien Thi Nguyen
Shareholders
- Vietnam Investments Group LLC (33.1%)
- PHAM VUONG NHAT (25.8%)
- Vingroup JSC (6.4%)
- Sk Investment Vina Ii Pte Ltd. (6.0%)
- PHAM HUONG THU (4.4%)
- PHAM HANG THUY (2.9%)
- Hanwha Asset Management Co., Ltd. (0.6%)
- PHAM LINH HONG (0.3%)
- NGUYEN THANH QUOC (0.3%)
- JPMorgan Asset Management (Singapore) Ltd. (0.1%)
Contact Details
- Website:http://www.vingroup.net
- Address: No 7, Bang Lang 1 Street, Vinhomes Riverside, Viet Hung Ward, Ha Noi, 100000, Vietnam
- Phone: +84.24.3974.9999
Related Companies
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- VinCommerce General Trading Service JSC
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- Vinmart Supermarket Co.
- Khanh Gia Investment Trading Services JSC
- Maximark
- Vincom Real Estate Trading Co. Ltd.
- VINGS General Services Trading One-Member Co. Ltd.
- Vinschool One Member Co. Ltd.
- Ocean Retail & Assets Management JSC
- Hai Phong Land Investment & Development JSC
- Vinmec International Hospital JSC
- Bai Dai Tourism & Investment JSC
- Viet Thanh Sai Dong Co. Ltd.
- Hon Tre Tourism & Services JSC
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- Future Property Invest Co. Ltd.
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- Tay Tang Long Real Estate Co. Ltd.
- Tay Ho View Hotel & Tourism Ltd. Co.
- Vincharm Development & Service One-Member Ltd. Co.
- Vinpearl Danang One-Member Ltd. Co.
Competitors
- Hai Phat Investment JSC
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Last Updated on 7 Apr, 2020