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Khai Hoan Land Group Joint Stock Company

Khai Hoan Land Group Joint Stock Company

HHOSE:KHG
4,550.00
VND
-40.00
(-0.87%)
2.21TMarket Cap
Khai Hoan Land Group Joint Stock Company
HOSE:KHG
(Ho Chi Minh Stock Exchange)

Recent

price

4,550.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
743.15
593.67
1,316.25
5,026.87
3,489.46
735.43
689.4
1,337.91
- -
Revenue per Share
71.39
44.12
420.14
1,613.67
1,105.84
56.43
123.97
152.88
- -
Basic EPS, GAAP
-1,488.88
-109.28
833.31
-9,716.23
-2,552.85
-714.94
-139.02
-985.58
-3,383.41
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
5,043.87
5,084.81
7,087.12
10,599.82
11,436.24
11,492.66
11,616.63
11,769.51
11,843.97
Book Value per Share
5,043.33
5,084.56
7,087.12
10,599.8
11,436.24
11,492.22
11,616.49
11,769.51
11,843.97
Tangible Book Value per Share
230
230
230
256
400
449
449
449
449
Basic Weighted Avg Shares
171,055
136,650
302,970
1,288,142
1,396,204
330,530
309,842
601,302
- -
Sales/Revenue/Turnover
12.83
-7.56
32.78
39.15
25.27
-18.02
-12.92
1.83
- -
Operating Margin (%)
856
546
73
127
294
443
545
266
121
Depreciation Expense
16,433
10,156
96,706
413,504
442,469
25,361
55,715
68,709
- -
Net Income, GAAP
27.02
24.1
20.21
20.06
20.18
25.86
22.06
21.38
- -
Effective Tax Rate (%)
9.61
7.43
31.92
32.1
31.69
7.67
17.98
11.43
- -
Profit Margin (%)
530,014
559,793
447,661
1,001,920
275,473
875,407
885,070
1,050,457
1,993,976
Working Capital
- -
18,200
210,119
541,666
- -
240,000
590,457
795,600
831,754
LT Debt
1,251,213
1,261,369
1,758,075
4,697,378
5,139,847
5,165,208
5,220,923
5,289,632
5,323,096
Total Equity
- -
0.85
5.61
10.82
7.93
0.42
0.99
1.11
- -
Return on Invested Capital (%)
- -
0.84
6.65
12.21
9.53
2.6
1.8
1.92
- -
Return on Capital (%)
- -
0.81
6.41
12.81
9
0.49
1.07
1.31
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
528,261
535,802
210,625
LT Borrowings
795,600
990,440
831,754
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
449
449
449
Market Capitalization
3,096,609
2,480,882
2,211,221

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,959,233
1,925,507
2,670,509
Cash, Cash Equivalents & STI
114,952
87,248
104,221
Accounts Receivable, Net
95,731
90,710
144,143
Inventories
113,848
113,848
150,012
Total Current Liabilities
908,776
974,583
676,533
Payables & Accruals
- -
- -
- -
ST Debt
528,261
535,802
210,625
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
35.9%
1.32%
Free Cash Flow
- -
-199.44%
608.93%
Net Income, GAAP
- -
76.67%
23.32%
Sales/Revenue/Turnover
- -
69.01%
94.07%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36,730
90,212
69,013
113,887
309,842
2025
100,425
135,595
- -
236,641
601,302
2026
122,677
157,815
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
28.82
36.67
31.66
24.4
123.97
2025
30.67
32.25
- -
27.46
152.88
2026
29.81
45.1
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Khai Hoan Land Group Joint Stock Company is a Vietnam-based real estate services and investment enterprise primarily engaged in property brokerage, primary distribution agency, real estate development, and property marketing consultancy. Founded in 2009 and headquartered in Ho Chi Minh City, Vietnam, the company operates across the domestic market with a nationwide network spanning Ho Chi Minh City, Hanoi, Long An, Ba Ria - Vung Tau, Da Nang, and Phu Quoc. The company operates through three principal business segments: Real Estate Brokerage and Distribution Services, Real Estate Development and Investment, and Property Marketing and Advisory Services. In its Real Estate Brokerage and Distribution Services segment, the company provides exclusive and non-exclusive primary distribution for master-planned townships, high-rise condominiums, townhouses, and villas; secondary market real estate brokerage; leasing agency for commercial, office, and residential properties; and digital transaction facilitation through proprietary proptech applications and broker management software. In its Real Estate Development and Investment segment, the company acquires, co-develops, and constructs residential apartment complexes, integrated urban communities, resort properties, and commercial mixed-use assets, featuring proprietary projects such as Khai Hoan Prime in Nha Be, Ho Chi Minh City, and Helios Coastal City in Phu Quoc. In its Property Marketing and Advisory Services segment, the company delivers comprehensive project planning; market research and consumer analytics; sales policy and pricing strategy formulation; nationwide marketing campaign execution; and real estate advisory services for institutional property developers and retail investors. In recent developments, Khai Hoan Land Group has executed a strategic shift from a traditional brokerage agency toward an integrated real estate developer and investor, expanding its proprietary residential development pipeline while maintaining its agency footprint. The company has advanced the construction and sales rollout of its flagship residential condominium project, Khai Hoan Prime in Ho Chi Minh City, and expanded its land bank holdings in southern growth corridors. To strengthen its financial position and fund project execution, the company has implemented capital management initiatives, including corporate bond restructuring, bond maturity extensions, and equity financing plans. In addition, Khai Hoan Land Group has reinforced its strategic distribution alliances with premier property developers such as Vingroup, Masterise Homes, and T&T Group for landmark urban projects, while expanding its regional branch network and upgrading its digital sales infrastructure across Vietnam.