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    Real estate development
Hoang Quan Corp

Hoang Quan Corp

HHOSE:HQC
1,980.00
VND
+10.00
(+0.51%)
130.12EPS
19.44P/E
1.46TMarket Cap
Hoang Quan Corp
HOSE:HQC
(Ho Chi Minh Stock Exchange)

Recent

price

1,980.00

P/E

ratio

19.44

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
3,882.99
5,110.05
2,806.81
4,910.73
1,979.18
806.31
982.99
1,376.99
1,129.02
585.33
578.95
613.84
-114.43
120.67
184.44
Revenue per Share
244.96
268.03
257.42
2,262.12
48.2
143.44
89.17
87.07
20.13
8.72
39.46
10.82
58
122
130.14
Basic EPS, GAAP
-1,382.03
-946.85
-6,452.39
-2,906.82
741.63
-476.37
359.9
26.8
355.85
4,768.36
15.62
-76.99
-2,942.04
-224.12
-64.95
Free Cash Flow per Basic Share
- -
- -
- -
198.65
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
7,745.77
9,834.38
9,603
9,379.08
8,632.13
8,903.33
8,992.09
9,078.89
9,098.77
9,107.42
9,146.86
9,157.57
9,319.43
9,441.09
10,330.08
Book Value per Share
7,745.07
9,834.03
9,603
9,353.82
8,630.73
8,901.52
8,989.85
9,076.93
9,097.07
9,106
9,145.71
9,156.69
9,318.93
9,440.82
10,329.91
Tangible Book Value per Share
78
86
117
283
427
456
477
477
477
477
477
477
582
576
589
Basic Weighted Avg Shares
301,941
438,749
328,397
1,389,613
844,318
367,490
468,492
656,273
538,091
278,969
275,927
292,557
-66,581
69,471
108,651
Sales/Revenue/Turnover
15.39
12.34
29.22
18.11
14.8
-4.18
7.76
18.58
10.51
6.35
3.76
-0.53
-57.22
-13.12
3.5
Operating Margin (%)
1,376
1,093
949
3,393
2,966
2,798
2,733
3,002
2,777
970
669
666
650
408
288
Depreciation Expense
19,048
23,013
30,118
641,188
21,560
65,377
42,500
41,499
9,596
4,155
18,808
5,158
33,748
70,237
76,664
Net Income, GAAP
21.75
23.49
20.71
10.94
31.07
23.35
22.9
30.71
10.66
43.77
29.14
16.19
19.27
22.7
19.11
Effective Tax Rate (%)
6.31
5.25
9.17
46.14
2.55
17.79
9.07
6.32
1.78
1.49
6.82
1.76
-50.69
101.1
70.56
Profit Margin (%)
278,404
576,944
1,309,997
2,469,859
1,959,484
1,955,037
2,114,423
2,349,626
864,345
-281,115
853,166
965,991
3,469,700
2,926,834
3,007,252
Working Capital
82,951
167,422
574,005
245,206
589,669
45,491
186,249
185,985
47,613
1,201,161
207,126
316,340
1,130,090
510,932
273,391
LT Debt
752,889
955,902
1,763,111
4,001,114
3,682,461
4,243,319
4,285,623
4,326,994
4,336,465
4,340,592
4,359,388
4,364,489
5,393,650
5,463,813
5,976,423
Total Equity
- -
1.49
1.65
10.03
0.53
1.53
1.17
1.05
0.28
0.08
0.28
0.23
0.3
0.41
0.68
Return on Invested Capital (%)
- -
7.58
3.9
18.74
1.73
2.34
1.71
1.61
1.06
0.42
0.54
0.17
1.69
1.92
1.58
Return on Capital (%)
- -
2.69
2.22
22.21
0.54
1.65
1
0.96
0.22
0.1
0.43
0.12
0.69
1.3
1.35
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
720,828
861,796
946,893
LT Borrowings
510,932
393,886
273,391
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
577
577
577
Market Capitalization
1,735,564
1,527,988
1,458,796

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,423,398
5,459,716
5,449,592
Cash, Cash Equivalents & STI
35,673
706,978
706,625
Accounts Receivable, Net
1,214,964
1,208,197
1,203,694
Inventories
1,471,224
1,505,857
1,486,906
Total Current Liabilities
2,496,564
2,897,363
2,442,340
Payables & Accruals
- -
- -
- -
ST Debt
720,828
861,796
946,893
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.5%
5.11%
1.3%
Free Cash Flow
566.98%
1,004.12%
-92.46%
Net Income, GAAP
87.81%
177.15%
108.12%
Sales/Revenue/Turnover
-41.65%
-74.06%
-204.34%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13,391
5,034
8,808
54,917
-66,581
2025
48,930
-10,835
20,119
18,476
69,471
2026
5,220
64,836
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9.1
18.39
18.39
8.41
58
2025
8.94
8.49
15.18
95.53
122
2026
9.36
11.86
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Hoang Quan Consulting - Trading - Service Real Estate Corporation (Hoang Quan Group) is a Vietnam-based real estate investment, development, and consulting enterprise primarily engaged in social housing, commercial properties, and industrial infrastructure. Founded in 2000 and headquartered in Ho Chi Minh City, Vietnam, the company operates across key southern and central economic regions, including Ho Chi Minh City, Can Tho, Vinh Long, Tay Ninh, Binh Thuan, and Khanh Hoa. Hoang Quan Group organizes its operations across specialized divisions and affiliated subsidiaries, offering: residential and social housing development, encompassing multi-family apartment complexes, affordable housing developments, worker accommodations, and urban residential communities under brand banners such as HQC Plaza, HQC Hoc Mon, HQC Nha Trang, and Golden City; industrial real estate and infrastructure development, providing industrial land leases, pre-built factory workshops, logistics warehousing, and utility infrastructure management across developments including the Ham Kiem 1 Industrial Park in Binh Thuan and the Binh Minh Urban-Port-Industrial Zone in Vinh Long; real estate brokerage, property management, project distribution, and advisory services; architectural planning, construction execution, civil engineering, and project supervision; real estate valuation and asset appraisal services through Hoang Quan Appraisal; and education and vocational training services through ownership and operation of institutions including Mekong Delta University and Southwestern Economic-Technical Intermediate School. In recent major developments, Hoang Quan Group entered into a strategic cooperation partnership with Novaland Group to jointly construct and distribute large-scale social and affordable housing projects across Ho Chi Minh City, Dong Nai, Binh Duong, Long An, and Binh Thuan. Additionally, the corporation implemented a charter capital expansion plan via a private placement of shares totaling approximately VND 1 trillion, utilizing proceeds to accelerate ongoing housing developments and acquire a 51 percent majority equity interest in An Phu Sinh Group to expand its regional land bank and residential project portfolio.