Viglacera Corp.

Viglacera Corp.

HHOSE:VGC
44,200.00
VND
-400.00
(-0.90%)
20.18TMarket Cap
Dec 02Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
19,654.5
22,628.84
21,039.48
24,967.8
32,547.01
29,427.5
26,555.94
29,697.24
- -
Basic EPS, GAAP
1,261.28
1,453.11
1,339.91
2,729.23
3,854.55
2,716.9
2,464
3,129.79
- -
Free Cash Flow per Basic Share
-488.91
3,274.17
-10.2
3,141.55
-616.97
-1,930.68
3,928.99
1,227.41
3,123.39
Dividend per Share
1,058.65
1,150.92
1,246.17
1,221.95
2,612.08
2,075.7
1,492.79
2,563.9
2,519.84
Book Value per Share
13,957.5
14,156.08
14,350.81
15,827.81
16,986.44
17,515.88
18,532.29
19,338.89
18,739.19
Tangible Book Value per Share
13,586.32
13,778.33
13,967.76
15,462.07
16,616.42
17,157.9
18,174.32
18,858.95
18,267.86
Basic Weighted Avg Shares
448
448
448
448
448
448
448
448
448
Sales/Revenue/Turnover
8,812,096
10,145,642
9,433,049
11,194,313
14,592,450
13,193,818
11,906,356
13,314,758
- -
Operating Margin (%)
10.33
10.84
10.24
12.97
16.38
14.67
15.99
17.21
- -
Depreciation Expense
493,439
527,688
1,248,630
2,106,650
2,517,077
3,055,912
1,950,910
1,907,306
1,290,510
Net Income, GAAP
565,495
651,502
600,750
1,223,652
1,728,187
1,218,120
1,104,735
1,403,242
- -
Effective Tax Rate (%)
21.21
21.73
20.62
17.02
17.01
27.45
27.15
27.59
- -
Profit Margin (%)
6.42
6.42
6.37
10.93
11.84
9.23
9.28
10.54
- -
Working Capital
1,495,949
1,278,626
-452,794
-348,637
-282,795
767,604
718,100
2,006,623
7,135,744
LT Debt
675,300
572,326
401,510
1,742,136
1,657,144
2,237,290
2,240,226
2,872,393
2,631,201
Total Equity
6,871,919
7,010,510
7,098,140
8,356,844
9,085,429
9,524,318
9,953,000
11,570,893
11,740,596
Return on Invested Capital (%)
- -
8.38
7.39
12.28
15.2
8.27
7.73
9.34
- -
Return on Capital (%)
- -
7.45
7.28
12.67
14.45
11.16
8.4
8.96
- -
Return on Common Equity (%)
- -
10.34
9.4
18.09
23.49
15.75
13.67
16.53
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,713,005
2,719,277
2,907,731
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
448
448
448
Market Capitalization
18,763,448
21,027,615
20,175,750

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,364,402
16,095,037
17,046,937
Cash, Cash Equivalents & STI
4,584,935
4,734,978
5,088,806
Accounts Receivable, Net
828,288
844,804
1,067,898
Inventories
4,019,362
9,451,143
9,850,618
Total Current Liabilities
8,357,778
8,208,651
9,911,193
Payables & Accruals
- -
- -
- -
ST Debt
2,713,005
2,719,277
2,907,731
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
10.41%
16.26%
Free Cash Flow
- -
-6,238.18%
-68.76%
Net Income, GAAP
- -
26.62%
27.02%
Sales/Revenue/Turnover
- -
8.3%
11.83%
Total Cash Common Dividend
- -
26.99%
71.75%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,639,194
2,711,670
2,834,360
3,727,585
11,906,356
2025
2,854,704
3,240,085
- -
3,978,009
13,314,758
2026
3,274,176
4,462,452
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
459.62
353.77
457.95
1,192.62
2,464
2025
715.19
977.64
- -
1,231.48
3,129.79
2026
481.19
1,254.81
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.14
233.29
9.32
1,248.03
1,492.79
2025
2.22
77.79
282.27
2,201.62
2,563.9
2026
35.95
- -
- -
- -
- -

Company Description

CEO
Tuan Anh Nguyen
Full Time Employees
6,141
Sector
Distribution services
Industry
Wholesale distributors
Address
Ha Noi Vietnam
IPO Date
Jan 2, 2019
Business
Viglacera Corporation - JSC is a Vietnam-based manufacturer of building materials and a developer and operator of industrial parks and real estate infrastructure. Founded in 1974 and headquartered in Hanoi, Vietnam, the company operates primarily across two core business segments: Building Materials and Real Estate. Its Building Materials portfolio comprises ceramic, porcelain, and granite floor and wall tiles; large-format sintered stone slabs; vitreous china sanitaryware, including smart electronic toilets, washbasins, and urinals; bathroom fittings, shower systems, and brass faucets; architectural flat glass, ultra-clear float glass, and energy-saving coated glass including Low-E and Solar Control glass; fired clay bricks, terracotta clinker tiles, and roofing tiles; and autoclaved aerated concrete (AAC) blocks and reinforced autoclaved lightweight concrete (ALC) panels. In its Real Estate segment, the company develops, leases, and manages industrial parks, providing integrated utility infrastructure, factory shells, logistics land, industrial water supply, and wastewater treatment services; develops social housing and worker accommodation complexes adjacent to manufacturing hubs; and builds master-planned urban residential areas and commercial office properties. Viglacera distributes its construction materials domestically and exports to more than 40 international markets across North America, Europe, Asia, and the Middle East, while operating industrial parks across northern and central Vietnam as well as the ViMariel Special Development Zone and the Sanvig manufacturing joint venture in Cuba. In recent developments, Viglacera has expanded its manufacturing capabilities with the commercialization of large-format sintered stone produced via Sacmi Continua+ technology, broadened its ultra-clear and low-emission architectural glass lines, and accelerated investments into green and eco-industrial parks equipped with rooftop solar installations and advanced water reclamation systems. Additionally, the company has advanced the development of large-scale social housing projects for industrial workers, pursued approvals for new industrial zone expansions including the Song Cong II and Doc Da Trang industrial parks, and further integrated its operational and capital allocation strategies within the Gelex Group ecosystem following major shareholder restructuring.