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    Engineering & construction
SJ Group Joint Stock Company

SJ Group Joint Stock Company

HHOSE:SJS
54,400.00
VND
-700.00
(-1.27%)
14.28TMarket Cap
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
2,140.34
4,156.19
2,899.87
1,743.31
-68.36
1,583.33
2,359.23
3,850.59
2,532.37
1,287.52
1,410.28
2,189.41
2,534.82
- -
Basic EPS, GAAP
237.7
530.16
730.34
512.8
444.94
342.15
326.21
103.61
219.59
405.72
628.27
910
1,220
- -
Free Cash Flow per Basic Share
406.06
2,419.77
278.9
-414.28
72.06
-168.12
-20.76
204.44
-1,356.28
-2,243.23
-2,820.37
667.54
-259.31
- -
Dividend per Share
- -
- -
6.49
3.24
171.11
3.24
3.24
3.24
- -
- -
2.49
724.16
0.16
- -
Book Value per Share
5,409.66
5,939.08
6,701.34
7,107.88
7,626.68
7,538.19
7,478.18
7,166.47
7,259.31
8,538.55
9,178.29
10,095.75
11,532.07
12,949.06
Tangible Book Value per Share
5,370.58
5,912.02
6,674.93
7,104.82
7,623.69
7,535.27
7,475.32
7,163.68
7,256.59
8,535.89
9,175.7
10,093.23
11,529.63
12,946.65
Basic Weighted Avg Shares
295
295
295
295
295
295
295
295
295
295
295
295
296
297
Sales/Revenue/Turnover
631,443
1,226,062
855,452
514,269
-20,166
467,073
695,959
1,135,902
747,036
379,811
416,024
646,015
750,726
- -
Operating Margin (%)
19.26
14.96
27.68
39.77
-690.67
12.93
20.45
31.43
20.08
2.4
33.25
56.76
60.26
- -
Depreciation Expense
10,418
9,804
9,563
8,508
6,726
8,536
10,632
10,130
9,395
8,176
7,151
7,722
7,833
- -
Net Income, GAAP
70,127
156,395
225,105
178,993
131,256
109,587
104,849
30,565
64,778
119,686
185,337
268,508
361,321
- -
Effective Tax Rate (%)
4.82
27.74
22.18
21.01
20.12
15.81
23.34
62.64
27.35
31.59
27.25
24.25
19.92
- -
Profit Margin (%)
11.11
12.76
26.31
34.81
-650.89
23.46
15.07
2.69
8.67
31.51
44.55
41.56
48.13
- -
Working Capital
1,596,910
323,605
657,324
1,319,410
1,275,424
883,613
357,934
74,865
773,135
654,435
1,691,835
2,781,745
2,734,877
3,401,782
LT Debt
717,384
328,107
178,107
150,000
249,250
75,000
90,583
36,051
862,000
431,000
556,427
408,047
728,462
962,004
Total Equity
1,628,823
1,765,921
1,990,459
2,112,258
2,275,437
2,251,956
2,235,291
2,153,376
2,198,791
2,575,443
2,761,587
2,993,878
3,445,351
3,858,841
Return on Invested Capital (%)
2.07
2.92
7.14
5.72
4.52
3.92
3.77
4.5
2.73
-0.21
4.25
6.95
8.53
- -
Return on Capital (%)
1.89
5.33
7.06
5.75
4.07
3.71
3.65
0.82
1.86
3.13
4.46
7.14
8.9
- -
Return on Common Equity (%)
4.49
9.34
11.56
7.43
6.04
4.51
4.34
1.42
3.04
5.14
7.09
9.44
11.28
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
335,880
335,880
335,880
LT Borrowings
728,462
834,153
962,004
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
297
297
297
Market Capitalization
18,383,944
14,561,393
14,278,792

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,916,016
4,998,439
5,270,641
Cash, Cash Equivalents & STI
196,079
70,702
36,993
Accounts Receivable, Net
211,088
308,212
262,962
Inventories
4,241,947
4,311,733
4,379,542
Total Current Liabilities
2,181,139
1,891,591
1,868,859
Payables & Accruals
- -
- -
- -
ST Debt
335,880
335,880
335,880
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.84%
9.99%
15.08%
Free Cash Flow
-280.67%
-186.99%
-138.99%
Net Income, GAAP
19.22%
66.2%
34.57%
Sales/Revenue/Turnover
-245.01%
-0.47%
16.21%
Total Cash Common Dividend
- -
- -
-99.98%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
118,280
120,727
127,610
278,322
646,015
2025
143,348
193,869
- -
381,256
750,726
2026
316,754
443,428
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
149.41
172.85
159.56
414.51
910
2025
226.03
348.12
- -
611.79
1,220
2026
590.4
820.95
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
724.16
2025
- -
- -
- -
- -
0.16
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Duc Anh Tran
Full Time Employees
157
Sector
Industrial services
Industry
Engineering & construction
Address
Ha Noi Vietnam
IPO Date
Jul 6, 2006
Website
sudicosd.com.vn
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Business
SJ Group Joint Stock Company (HOSE: SJS), formerly known as Song Da Urban & Industrial Zone Investment and Development Joint Stock Company (SUDICO), is a Vietnam-based real estate development and infrastructure investment company primarily engaged in urban township development, industrial zone construction, and civil engineering. The company operates through three principal business segments: Real Estate Development, Construction and Installation, and Property Management and Services. Its core offerings and services include the investment, development, and sale of master-planned urban townships, residential housing developments, villas, shophouses, commercial complexes, and eco-tourism resorts, with major projects including the Nam An Khanh Urban Area, My Dinh-Me Tri Urban Area, Tien Xuan New Urban Area, Van Canh Urban Area, and the Hoa Binh Eco-Tourism Project; civil and industrial construction engineering services, comprising ground leveling, municipal road and bridge construction, drainage and water supply systems, power transmission infrastructure, and public utility installation; property management and leasing services, covering commercial office space leasing, residential facility operations, and industrial park infrastructure operation; and the trading and distribution of construction materials, building equipment, and industrial machinery. Founded in 2001 and headquartered in Hanoi, Vietnam, SJ Group primarily serves residential property buyers, institutional investors, and industrial enterprises across northern and central Vietnam. In recent developments, the company completed a comprehensive corporate rebranding in 2024, officially changing its name from SUDICO to SJ Group Joint Stock Company to reflect its strategic repositioning following the complete divestment of state-owned Song Da Corporation. Under this corporate transformation, SJ Group restructured its board of directors and executive leadership, refined its project pipeline to focus on modern integrated residential and hospitality ecosystems, and initiated capital restructuring programs to accelerate the development and commercialization phases of its flagship Nam An Khanh and Hoa Binh land banks.