Ba Ria-Vung Tau House Development JSC

Ba Ria-Vung Tau House Development JSC

HHOSE:HDC
11,650.00
VND
+500.00
(+4.48%)
3.43TMarket Cap
Dec 02Next Earn
Ba Ria-Vung Tau House Development JSC
HOSE:HDC
(Ho Chi Minh Stock Exchange)

Recent

price

11,650.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
1,907.79
2,041.18
2,393.62
2,316.14
4,226.11
4,249.15
4,372.73
6,562.98
6,711.88
3,438.92
2,789.36
2,210.39
- -
Revenue per Share
110.41
230.07
290.37
453.37
618.29
745.6
1,199.58
1,501.26
2,168.47
680.3
337.33
3,094.51
- -
Basic EPS, GAAP
355.76
-271.75
-407.19
672.48
-1,208.46
364.19
-176.24
-1,601.61
344.92
912.61
-690.37
-4,984.28
-6,344.52
Free Cash Flow per Basic Share
135.63
95.81
6.4
250.87
3.78
4.53
4.17
5.21
6.83
4.96
4.29
4.65
- -
Dividend per Share
2,856.82
2,976.56
3,252.58
3,378.83
3,835.8
4,450.29
5,496.69
6,818.71
20,472.18
8,802.75
9,796.46
12,577.97
12,663.7
Book Value per Share
2,823.75
2,943.49
3,217.13
3,367.32
3,824.31
1,943.32
2,966.66
6,813.53
20,460.54
8,798.86
9,792.73
11,986.79
12,102.89
Tangible Book Value per Share
205
208
200
177
169
194
192
206
193
194
196
207
230
Basic Weighted Avg Shares
392,025
423,552
478,861
410,121
715,260
824,544
838,973
1,352,323
1,298,031
665,457
546,228
456,498
- -
Sales/Revenue/Turnover
9.86
16.58
15.02
16.94
18.08
23.04
38.34
31.26
28.4
36
29.89
-1.6
- -
Operating Margin (%)
4,268
4,040
5,100
5,909
6,257
6,683
12,717
15,757
16,228
16,200
16,051
16,381
- -
Depreciation Expense
22,688
47,740
58,091
80,279
104,644
144,683
230,156
309,339
419,367
131,643
66,057
639,091
- -
Net Income, GAAP
22.67
19.9
11.59
15.67
18.92
20.51
19.88
20.33
22.15
19.44
25.44
21.16
- -
Effective Tax Rate (%)
5.79
11.27
12.13
19.57
14.63
17.55
27.43
22.87
32.31
19.78
12.09
140
- -
Profit Margin (%)
616,751
695,845
888,982
971,473
765,902
710,190
378,809
1,201,229
682,892
32,744
178,562
1,235,028
980,918
Working Capital
162,900
167,931
330,147
368,458
297,018
481,838
459,593
821,578
968,465
695,723
422,082
1,223,780
1,166,071
LT Debt
609,786
634,389
667,972
716,022
802,792
1,157,577
1,142,139
1,483,977
1,863,772
1,908,013
2,272,109
2,936,750
2,956,515
Total Equity
- -
4.81
5.5
6.78
7.23
7.98
9.49
10.82
12.45
3.46
2.52
13.94
- -
Return on Invested Capital (%)
- -
5.72
5.86
7.96
8.9
9.07
12.27
13.67
15.14
5.55
2.94
15.6
- -
Return on Capital (%)
- -
7.89
9.16
11.9
14.1
16.99
22.56
23.95
25.4
7.06
3.19
24.87
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
976,773
932,877
878,065
LT Borrowings
1,223,780
1,171,049
1,166,071
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
230
230
230
Market Capitalization
4,534,429
3,745,398
3,434,201

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,151,565
2,674,932
2,591,401
Cash, Cash Equivalents & STI
502,999
33,347
91,162
Accounts Receivable, Net
872,673
877,907
569,308
Inventories
1,481,370
1,466,947
1,465,432
Total Current Liabilities
1,916,536
1,553,249
1,610,483
Payables & Accruals
- -
- -
- -
ST Debt
976,773
932,877
878,065
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.37%
21.24%
29.25%
Free Cash Flow
64.95%
281.07%
661.41%
Net Income, GAAP
100.66%
163.8%
867.48%
Sales/Revenue/Turnover
6.42%
-5.18%
-16.43%
Total Cash Common Dividend
323.85%
6.33%
14.29%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
85,324
171,506
124,555
165,054
546,228
2025
98,971
80,226
- -
175,292
456,498
2026
248,697
94,448
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.16
218.93
56.93
0.84
337.33
2025
59.13
251.91
- -
129.99
3,094.51
2026
249.69
188.17
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4.29
2025
- -
- -
- -
- -
4.65
2026
- -
- -
- -
- -
- -
Business
Ba Ria-Vung Tau House Development Joint Stock Company is a Vietnam-based real estate investment, urban development, and construction enterprise founded in 1990 and headquartered in Vung Tau City, Ba Ria - Vung Tau Province, Vietnam. The company specializes in the development of residential, commercial, industrial, and resort properties, as well as the provision of general construction contracting, building materials manufacturing, and property management services across southeastern Vietnam. The company organizes its core operations into four primary business segments: Real Estate Investment and Development; Construction and Installation; Building Materials Production; and Property and Hospitality Services. Its Real Estate Investment and Development division engages in the acquisition, planning, construction, and commercialization of integrated urban townships, mid-to-high-rise residential apartment buildings, luxury hillside and coastal villas, social housing projects, and master-planned ecotourism resorts; with flagship property portfolios including The Light City urban area, Ngoc Tuoc 2 residential villa area, Tay 3/2 urban zone, Ecotown Phu My, Hodeco Plaza, and the Dai Duong integrated resort development. Its Construction and Installation segment provides full-scope civil engineering, industrial construction, foundation engineering, and infrastructure installation for residential, transport, and municipal utility projects. Its Building Materials Production unit manufactures and supplies ready-mix concrete, precast concrete components, quarry stone, and basic building aggregates for regional construction markets. Its Property and Hospitality Services segment delivers property management, commercial asset leasing, real estate brokerage, and hospitality operations, notably including the operation of the Fusion Suites Vung Tau hotel and serviced residences. Ba Ria-Vung Tau House Development Joint Stock Company serves individual home buyers, institutional real estate investors, corporate tenants, and public-sector infrastructure clients primarily in Ba Ria - Vung Tau Province and neighboring growth corridors of southern Vietnam. The enterprise conducts operations directly and through specialized subsidiaries and affiliates focusing on concrete manufacturing, design consulting, and asset operations. In recent corporate developments, the company has executed share capital increases through public rights offerings to existing shareholders and strategic placements to fund capital expenditure requirements for large-scale development projects, specifically advancing Phase 2 of The Light City and site development for the Dai Duong ecotourism and hospitality complex. The company has secured expanded debt financing and project credit arrangements with leading Vietnamese commercial banks, including Joint Stock Commercial Bank for Investment and Development of Vietnam and Joint Stock Commercial Bank for Foreign Trade of Vietnam, to ensure funding liquidity for ongoing infrastructure execution. Operationally, the enterprise has accelerated site clearance and regulatory licensing across its strategic land reserves in Vung Tau and Phu My, while reorganizing its hospitality and commercial leasing divisions to drive recurring operational revenue.