1. Vietnam Stocks

  2. •

    Finance

  3. •

    Real estate development
Binh Duong Trade & Development JSC

Binh Duong Trade & Development JSC

HHOSE:TDC
6,720.00
VND
-30.00
(-0.44%)
1.20TMarket 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
11,165.86
17,460.2
16,267.6
14,496.78
13,543
16,960.02
15,626.43
15,964.66
16,582.07
24,920.29
3,007.24
11,705.72
21,023.21
- -
Basic EPS, GAAP
1,000
1,166.43
1,179.57
1,219.93
1,307.35
1,196.63
1,274.23
1,948.15
1,207.73
129.7
-4,028.16
3,723.8
2,336.52
- -
Free Cash Flow per Basic Share
625.4
-6,263.93
-11,055.48
788.83
2,522.43
1,632.63
6,353.06
3,361.52
-474.32
1,813.96
-573.9
-610.71
-1,918.28
1,860.38
Dividend per Share
367.57
1,415.95
1,394.79
420.63
431.15
490.78
512.34
5,276.34
431.46
1,329.56
34.07
9.74
5.8
1.06
Book Value per Share
12,057.02
11,716.95
11,807.58
11,935.38
12,069.35
12,015.79
11,790.55
12,549.88
12,507.81
11,734.74
7,649.46
10,895.64
13,254.09
13,571.22
Tangible Book Value per Share
11,662.65
11,304.09
11,425.67
11,563.71
11,732.31
11,739.33
11,111.56
11,915.8
11,781.01
11,093.1
7,008.34
10,380.32
12,774.29
12,838.66
Basic Weighted Avg Shares
145
100
100
100
100
100
100
100
100
100
100
100
118
125
Sales/Revenue/Turnover
1,618,527
1,746,020
1,626,760
1,449,678
1,354,300
1,696,002
1,562,643
1,596,466
1,658,207
2,492,029
300,724
1,170,572
2,478,768
- -
Operating Margin (%)
13.34
11.08
17.83
19.66
22.29
18.82
26.27
29.31
26.19
10.82
-8.44
35.68
12.72
- -
Depreciation Expense
28,607
35,218
38,749
35,855
31,810
30,584
29,828
27,942
29,373
27,745
24,979
19,483
18,328
20,417
Net Income, GAAP
144,953
116,643
117,957
121,993
130,735
119,663
127,423
194,815
120,773
12,970
-402,816
372,380
275,490
- -
Effective Tax Rate (%)
24.97
24.83
26.64
23.07
21.02
25.41
33.39
23.42
28.71
82.24
- -
3.97
13.89
- -
Profit Margin (%)
8.96
6.68
7.25
8.42
9.65
7.06
8.15
12.2
7.28
0.52
-133.95
31.81
11.11
- -
Working Capital
251,959
-795,029
1,538,771
1,763,639
1,226,556
591,556
-470,513
-707,572
-621,458
-453,754
-1,331,171
-1,283,399
-293,043
-144,630
LT Debt
92,040
512,840
941,083
1,449,478
1,379,283
1,272,063
317,479
861,867
801,193
687,423
689,686
152,642
108,605
121,937
Total Equity
1,247,834
1,209,999
1,206,136
1,221,552
1,235,363
1,230,565
1,208,028
1,286,672
1,280,086
1,204,328
790,497
1,119,481
1,718,040
1,757,640
Return on Invested Capital (%)
7.4
5.01
3.86
3.4
3.81
4.16
4.08
8.59
7.08
0.19
- -
14.55
10.25
- -
Return on Capital (%)
10.42
7.95
7.21
5.91
6.89
6.48
9.47
11.22
7.62
1.73
- -
20.51
14.03
- -
Return on Common Equity (%)
12.03
9.81
10.03
10.28
10.89
9.94
10.7
16.01
9.64
1.07
-41.56
40.16
19.85
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,157,183
1,051,258
1,246,528
LT Borrowings
108,605
104,051
121,937
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
127
127
127
Market Capitalization
1,501,290
1,393,147
1,203,577

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,429,736
2,176,913
2,177,626
Cash, Cash Equivalents & STI
96,256
25,926
61,297
Accounts Receivable, Net
1,212,687
943,164
1,038,508
Inventories
248,719
359,189
299,748
Total Current Liabilities
2,722,780
2,471,354
2,322,255
Payables & Accruals
- -
- -
- -
ST Debt
1,157,183
1,051,258
1,246,528
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.1%
10.86%
53.47%
Free Cash Flow
-13.2%
-90.29%
270.35%
Net Income, GAAP
-349.01%
-710.31%
-26.02%
Sales/Revenue/Turnover
36.93%
73.45%
111.76%
Total Cash Common Dividend
79.84%
-16.46%
-29.79%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
119,212
115,696
171,726
763,938
1,170,572
2025
126,221
505,169
- -
1,162,452
2,478,768
2026
231,115
552,488
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-233.98
-265.86
533
2,689
3,723.8
2025
192.6
378
- -
1,017
2,336.52
2026
66.08
8.79
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
2.24
1.28
6.16
9.74
2025
- -
- -
- -
1.1
5.8
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Thuan Van Doan
Full Time Employees
469
Sector
Finance
Industry
Real estate development
Address
Thu Dau Mot Vietnam
IPO Date
Apr 16, 2010
Website
becamextdc.com.vn
Similar Companies
DLF Limited (NSE:DLF)
Opendoor Technologies Inc (NASDAQ:OPEN)
Samolet (MOEX:SMLT)
Alarko Holding A.S. (BIST:ALARK)
Godrej Properties Limited (NSE:GODREJPROP)
Lodha Developers Ltd. (NSE:LODHA)
Business
Binh Duong Trade and Development Joint Stock Company is a Vietnam-based enterprise primarily engaged in real estate development, civil and industrial construction, building materials manufacturing, and commercial trading services. Founded in 2002 and headquartered in Thu Dau Mot City, Binh Duong Province, Vietnam, the company operates as a key member subsidiary of Investment and Industrial Development Joint Stock Corporation (Becamex IDC). The company operates across four main business divisions: Real Estate, Construction, Building Materials, and Commercial Services. In its Real Estate division, the company develops, constructs, and markets residential urban areas, commercial townhouses, luxury villas, and condominium complexes, with prominent projects including Uni-Town, TDC Plaza, Western Land, Eastern Land, and master-planned residential zones in Binh Duong New City. In its Construction division, the company provides general civil and industrial construction contracting; transportation and urban technical infrastructure execution; project management; and structural engineering supervision. In its Building Materials division, the company manufactures and distributes ready-mix concrete; precast concrete structures and reinforced drainage pipes; structural steel; crushed stone; non-fired and ceramic bricks; and architectural interior finishing materials. In its Commercial Services division, the company manages commercial centers, retail supermarkets, warehouse logistics, and property management operations throughout southern Vietnam. In recent developments, the company has undertaken major asset and portfolio realignments, including the structured transfer and divestment of select residential and commercial land parcels in Binh Duong New City to optimize cash flows and strengthen balance sheet liquidity. The company has also executed corporate debt and bond restructuring initiatives, negotiating extended repayment terms and collateral adjustments with institutional bondholders. Furthermore, the company has deepened strategic operational partnerships with parent company Becamex IDC and regional infrastructure developers to secure supply agreements for high-volume ready-mix concrete and infrastructure construction packages across newly expanding industrial park clusters and urban transit corridors in Binh Duong Province.