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Finance

Vingroup JSC

  • 98,500.00 VND
  • -600.00
  • -0.61%
  • Vietnam
    Oct 18, 2018
  • Ticker
    STC(VIC)
  • Prev. close
    99,100
  • Market cap (VND)
    316,289.66B
  • Market cap (USD)
    13,547.04M
  • Shares
    3,191.62M

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 2017 VNDUSD
Revenue89,350.04B3,933.21M
Gross Profit24,720.65B1,088.21M
Operating income8,031.74B353.55M
Income before tax9,114.28B401.21M
Net income4,462.41B196.43M
EBITDA15,536.25B683.91M
Diluted EPS1,500.820.06
Dividends Per Share00
Total Assets213,792.05B9,414.41M
Total liabilities161,235.04B7,100.05M
Total equity31,674.25B1,394.78M
Operating cash flow17,959.57B790.58M
Currency in VNDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 19,135.65B 28,884.53B 35,693.86B 57,614.34B 89,350.04B
Gross Profit 7,788.67B 10,889.42B 12,202.56B 15,619.85B 24,720.65B
Operating income 4,163.38B 5,484.16B 3,713.23B 921,398.07M 8,031.74B
Income before tax 9,740.08B 5,409.68B 2,852.10B 6,737.83B 9,114.28B
Net income 6,779.51B 3,158.58B 1,215.77B 3,384.58B 4,462.41B
EBITDA 7,050.92B 9,989.83B 8,689.86B 8,586.61B 15,536.25B
Diluted EPS 2,371.52 915.55 339.14 1,138.84 1,500.82
Dividends Per Share 698.23 0 0 0 0
Total Assets 75,772.64B 90,069.76B 145,554.35B 183,475.62B 213,792.05B
Total liabilities 57,156.10B 62,607.07B 107,969.43B 135,184.45B 161,235.04B
Total equity 14,471.83B 20,396.04B 23,104.71B 27,827.38B 31,674.25B
Operating cash flow 9,823.74B 10,914.54B 28,943.34B 5,606.33B 17,959.57B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 909.88M 1,362.52M 1,627.96M 2,576.07M 3,933.21M
Gross Profit 370.34M 513.66M 556.54M 698.40M 1,088.21M
Operating income 197.96M 258.69M 169.35M 41.19M 353.55M
Income before tax 463.13M 255.18M 130.08M 301.26M 401.21M
Net income 322.35M 148.99M 55.45M 151.33M 196.43M
EBITDA 335.26M 471.23M 396.33M 383.92M 683.91M
Diluted EPS 0.11 0.04 0.01 0.05 0.06
Dividends Per Share 0.03 0 0 0 0
Total Assets 3,591.97M 4,211.32M 6,473.39M 8,057.42M 9,414.41M
Total liabilities 2,709.46M 2,927.27M 4,801.84M 5,936.69M 7,100.05M
Total equity 686.03M 953.64M 1,027.56M 1,222.05M 1,394.78M
Operating cash flow 467.10M 514.85M 1,320.07M 250.67M 790.58M

Valuation Measures

Dec 2017
PER42.56
ROA2.24%
ROE14.99%
Operating margin8.98%
Profit margin4.99%

Key executives

  • Chief Executive Officer & Director: 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 (33.3%)
  • PHAM VUONG NHAT (27.4%)
  • PHAM HUONG THU (4.7%)
  • Vingroup JSC (3.4%)
  • PHAM HANG THUY (3.1%)
  • Vincommerce General Trading Service JSC (2.9%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.2%)
  • Schroder Investment Management Ltd. (0.2%)
  • Van Eck Associates Corp. (0.1%)
  • Boston Management & Research (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: +84.4.3974.9999

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Competitors

    Last Updated on 18 Oct, 2018

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