Becamex Infrastructure Development JSC

Becamex Infrastructure Development JSC

HHOSE:IJC
7,460.00
VND
+80.00
(+1.08%)
5.79TMarket Cap
Dec 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3,003.85
5,056.81
3,350.55
9,622.4
4,286.65
6,083.29
7,812.04
10,456.14
6,989.28
5,426.95
5,153.32
2,548.07
3,793.7
- -
Basic EPS, GAAP
788.78
1,080.09
560.29
580.72
820.15
1,137.69
1,482.91
1,806.27
1,668.53
1,409.18
1,361.67
884.45
1,410.57
- -
Free Cash Flow per Basic Share
-405.71
-5,222.11
902.08
547.22
6,480.38
2,168.02
5,045.01
2,523.35
-2,709.84
644.92
920.87
-2,132.4
-601.76
-1,678.21
Dividend per Share
207.53
888.59
548.74
271.99
484.4
668.75
169.98
3,660.54
874.85
- -
0.41
885.35
446.96
362.67
Book Value per Share
14,686.87
14,972.81
14,445.43
14,494.29
8,111.98
8,480.52
9,052.74
10,109.17
10,311.2
11,768.06
11,790.73
11,911.1
12,809.02
12,565.23
Tangible Book Value per Share
14,678.71
14,957.13
14,432.53
14,483.6
8,085.82
8,449.3
9,024.53
10,069.61
10,279.42
11,710.26
11,735.12
11,874.96
12,787.83
12,545.58
Basic Weighted Avg Shares
205
205
205
205
227
205
205
205
372
363
290
400
423
521
Sales/Revenue/Turnover
615,153
1,035,575
686,153
1,970,555
971,243
1,245,788
1,599,816
2,141,296
2,601,723
1,968,123
1,494,344
1,020,259
1,606,576
- -
Operating Margin (%)
32.48
31.96
30.93
13.73
34.48
30.28
26.92
26.72
33.77
35.83
36.84
34.58
37.78
- -
Depreciation Expense
35,421
36,721
36,749
36,408
38,244
38,161
39,563
44,979
49,802
55,435
59,323
66,252
65,182
- -
Net Income, GAAP
161,533
230,445
122,021
127,982
185,825
232,986
303,682
369,903
621,100
511,049
394,853
354,138
597,354
- -
Effective Tax Rate (%)
12.98
17.24
17.41
20.26
17.14
17.48
17.7
18.09
20.66
20.21
20.13
14.64
15.6
- -
Profit Margin (%)
26.26
22.25
17.78
6.49
19.13
18.7
18.98
17.27
23.87
25.97
26.42
34.71
37.18
- -
Working Capital
1,817,446
2,958,337
3,195,109
4,267,359
2,209,129
824,299
767,220
1,531,854
2,868,163
2,397,133
1,424,976
2,437,971
5,064,147
4,536,919
LT Debt
524,513
1,255,697
1,494,250
1,354,500
1,219,750
104,909
15,000
423,190
601,578
404,305
210,033
546,781
1,190,394
1,107,644
Total Equity
3,007,699
3,066,255
2,958,255
2,968,262
1,661,239
1,736,711
1,853,895
2,070,241
3,343,797
3,816,239
3,823,587
5,180,914
8,064,309
7,910,825
Return on Invested Capital (%)
- -
5.31
2.18
2.62
4.39
6.41
10.17
13.1
16.32
10.64
7.78
6.29
6.81
- -
Return on Capital (%)
- -
6.03
3.67
4.6
6.84
9.42
11.51
15.97
18.79
12.32
9.35
7.16
8.32
- -
Return on Common Equity (%)
- -
7.28
3.81
4.01
8.03
13.71
16.92
18.85
22.94
14.28
10.34
7.87
9.02
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
85,866
330,537
579,336
LT Borrowings
1,190,394
1,064,357
1,107,644
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
630
630
630
Market Capitalization
6,767,992
6,421,723
5,792,142

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,016,656
6,190,375
7,075,785
Cash, Cash Equivalents & STI
1,686,755
1,689,196
1,292,133
Accounts Receivable, Net
544,967
574,614
633,772
Inventories
3,686,468
3,794,074
4,903,170
Total Current Liabilities
952,509
1,120,688
2,538,867
Payables & Accruals
- -
- -
- -
ST Debt
85,866
330,537
579,336
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.63%
33.4%
55.65%
Free Cash Flow
28.97%
-178.82%
-70.15%
Net Income, GAAP
21.34%
17.16%
68.68%
Sales/Revenue/Turnover
22.58%
-0.24%
57.47%
Total Cash Common Dividend
30,837.99%
61,259.29%
-46.61%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
162,142
388,591
188,477
306,277
1,020,259
2025
149,631
174,131
- -
597,487
1,606,576
2026
253,532
235,251
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
132.46
184.43
222.75
389.89
884.45
2025
104.52
336.07
- -
195.82
1,410.57
2026
214.77
157.05
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
749.94
0.28
- -
330.5
885.35
2025
0.94
0.07
- -
307.46
446.96
2026
0.05
- -
- -
- -
- -

Company Description

CEO
Ngon Quang Do
Full Time Employees
734
Sector
Finance
Industry
Real estate development
Address
Thu Dau Mot Vietnam
IPO Date
Apr 19, 2010
Business
Becamex Infrastructure Development Joint Stock Company (Becamex IJC) is a Vietnam-based company primarily engaged in infrastructure development, toll collection operations, and residential and commercial real estate development. The company operates through four main business segments: Real Estate, Toll Collection and Infrastructure Management, Construction and Civil Engineering, and Commercial Services. In its Real Estate segment, the company develops, constructs, sells, leases, and manages residential properties, urban townships, and commercial spaces; with core offerings including landed houses, townhouses, luxury villas, high-rise condominiums, shophouses, social housing, and resettlement residential projects across major developments such as IJC Commercial Town, Sunflower, Prince Town, Aroma Luxury Apartment, The Green River, and urban zones in Binh Duong New City. In its Toll Collection and Infrastructure Management segment, Becamex IJC manages, maintains, upgrades, and operates transport infrastructure under Build-Operate-Transfer (BOT) contracts, notably operating electronic toll collection (ETC) stations along National Highway 13, including the Vinh Phu and Suoi Giua toll plazas. In its Construction and Civil Engineering segment, it delivers civil, industrial, and technical infrastructure construction services; including road and bridge construction, public utility installations, earthworks, and site preparation. In its Commercial Services segment, the company provides property management, hotel and restaurant operations, advertising space leasing, sports and recreational facilities management, and environmental sanitation services. Founded in 2007 and headquartered in Thu Dau Mot City, Binh Duong Province, Vietnam, Becamex IJC operates as a subsidiary of Investment and Industrial Development Joint Stock Corporation (Becamex IDC Corp), serving individual home buyers, commercial enterprises, industrial park tenants, and regional transit commuters throughout Binh Duong Province and the Southern Key Economic Zone of Vietnam. In recent developments, Becamex IJC significantly expanded its financial scale by completing a major public share offering on the Ho Chi Minh City Stock Exchange (HOSE), issuing over 125.9 million shares to raise approximately VND 1.26 trillion in new equity capital, thereby increasing its registered charter capital from VND 2.518 trillion to over VND 3.777 trillion. The proceeds from this capital increase have been directed toward expanding the company's real estate land bank in Binh Duong New City, funding technical infrastructure development in residential and urban projects, and providing capital contributions to Becamex Binh Phuoc Infrastructure Development Joint Stock Company. Operationally, the company has actively participated in the multi-lane expansion and modernization of the National Highway 13 arterial corridor in Binh Duong Province, while simultaneously upgrading its toll plaza infrastructure with automated non-stop electronic toll collection systems and accelerating land clearance and construction on flagship residential and commercial urban clusters across southern Vietnam.