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    Real estate development
Kosy JSC

Kosy JSC

HHOSE:KOS
5,420.00
VND
-400.00
(-6.87%)
8.02TMarket Cap
Kosy JSC
HOSE:KOS
(Ho Chi Minh Stock Exchange)

Recent

price

5,420.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
6,219.03
10,244.12
12,613.26
6,746.97
6,205.89
6,078.19
6,646.89
7,184.4
- -
Revenue per Share
311.39
193.38
211.2
137.48
100.33
63.33
99.01
87.52
- -
Basic EPS, GAAP
-3,746.3
-2,062.39
-3,373.26
-2,733.18
-3,385.03
104.55
48.48
-160.72
7.72
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
7,716.31
7,854.95
11,167.98
10,423.69
10,523.34
10,577.35
10,676.37
10,763.89
10,838.24
Book Value per Share
7,716.31
7,854.95
11,167.98
9,638.53
9,817.36
9,950.54
10,128.73
10,295.43
10,409.37
Tangible Book Value per Share
145
104
104
164
216
216
216
216
216
Basic Weighted Avg Shares
900,018
1,062,828
1,308,626
1,106,568
1,343,460
1,315,815
1,438,927
1,555,288
- -
Sales/Revenue/Turnover
7.34
3.69
2.93
1.93
7.57
7.93
8.68
8.67
- -
Operating Margin (%)
2,025
4,216
5,824
6,994
51,030
71,509
73,060
69,457
- -
Depreciation Expense
45,064
20,063
21,912
22,549
21,719
13,711
21,435
18,946
- -
Net Income, GAAP
22.34
22.48
35.05
25.74
32.59
56.44
31.26
36.41
- -
Effective Tax Rate (%)
5.01
1.89
1.67
2.04
1.62
1.04
1.49
1.22
- -
Profit Margin (%)
1,129,671
1,195,977
1,148,662
1,616,366
2,048,986
2,016,468
1,972,966
1,871,496
1,992,436
Working Capital
240,464
297,638
302,806
773,541
1,251,883
1,168,328
1,162,007
1,016,576
1,119,424
LT Debt
1,116,704
1,136,767
1,158,678
2,263,541
2,285,227
2,296,896
2,318,635
2,337,702
2,353,742
Total Equity
- -
1.32
1.88
1.17
0.64
0.31
0.51
0.58
- -
Return on Invested Capital (%)
- -
2.04
2.34
1.54
2.27
1.58
2
1.87
- -
Return on Capital (%)
- -
1.78
1.91
1.32
0.96
0.6
0.93
0.82
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,042,181
1,092,738
878,314
LT Borrowings
1,016,576
1,022,904
1,119,424
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
216
216
216
Market Capitalization
8,345,355
8,453,596
8,020,633

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,366,126
3,476,298
3,581,352
Cash, Cash Equivalents & STI
24,815
24,568
32,845
Accounts Receivable, Net
158,044
122,710
226,036
Inventories
2,582,599
2,664,767
2,778,487
Total Current Liabilities
1,494,630
1,625,434
1,588,916
Payables & Accruals
- -
- -
- -
ST Debt
1,042,181
1,092,738
878,314
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
19.72%
0.82%
Free Cash Flow
- -
-99.33%
-431.51%
Net Income, GAAP
- -
1.42%
-11.61%
Sales/Revenue/Turnover
- -
4.27%
8.09%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
237,296
461,338
304,739
435,554
1,438,927
2025
226,684
436,109
- -
540,730
1,555,288
2026
256,962
465,695
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13.27
47.03
51.85
7.87
99.01
2025
12.05
18.19
- -
4.12
87.52
2026
12.27
56.13
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Kosy Joint Stock Company is a Vietnam-based multi-industry enterprise primarily engaged in real estate development, renewable energy generation, and construction contracting. Founded in 2008 and headquartered in Hanoi, Vietnam, the company operates as the flagship member of Kosy Group, conducting operations across northern, central, and southern provinces of Vietnam. Kosy Joint Stock Company organizes its business activities into three core operating segments: Real Estate Development, Renewable Energy, and Construction and Material Trading. In the Real Estate Development segment, the company acquires land, finances, designs, and constructs integrated master-planned urban areas, commercial centers, and residential housing complexes; its product portfolio comprises residential land plots, commercial townhouses and shophouses, detached and semi-detached villas, mid-to-high-rise residential apartments, and social housing units, featuring flagship urban developments such as Kosy City Beat Thai Nguyen, Kosy Riverside Lao Cai, Kosy Mountain View Lao Cai, Kosy Bac Giang, Kosy Gia Sang, Kosy Song Cong, Kosy Ha Nam, Kosy Ninh Binh, and Kosy Ha Tinh. In the Renewable Energy segment, the company develops, builds, owns, and operates utility-scale green energy assets; its power generation offerings encompass small-to-medium run-of-river hydropower facilities, including the 34 MW Nam Pac 1 and 2 plants, the 32 MW Muong Tung cluster, and the Pa Vay Su and Ta Pao Ho cascades in Lai Chau and Dien Bien; onshore wind power farms, including the 40.5 MW Kosy Bac Lieu Wind Power Plant Phase 1; and utility-scale solar photovoltaic projects, including the planned Kosy Binh Thuan solar farm. In the Construction and Material Trading segment, the company provides general civil engineering, infrastructure execution, project management, and site clearance services; alongside the wholesale distribution of building materials, mechanical equipment, and electrical installations. In recent developments, Kosy Joint Stock Company has accelerated its strategic shift toward expanding its renewable energy generation portfolio toward a targeted capacity exceeding 500 megawatts, marked by securing dedicated project financing facilities with domestic commercial lenders, including Agribank Lai Chau for the construction of the Ta Pao Ho 1A and 1B hydropower project cluster. Concurrently, the company has expanded its multi-industry holding corporate structure, advanced preliminary planning and licensing for Phase 2 and offshore phases of the Bac Lieu wind power development, and systematically expanded its urban land reserves across emerging provincial secondary markets in Vietnam.