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VNDirect Securities Corp.

VNDirect Securities Corp.

HHOSE:VND
13,750.00
VND
-150.00
(-1.08%)
26.94TMarket Cap
Mar 03Next Earn
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
546.05
858.1
374.03
487.48
841.16
1,202.24
1,317.92
1,691.19
3,824.52
2,106.06
2,439.63
2,104.32
2,430.51
- -
Basic EPS, GAAP
258.72
310.18
243.2
196.92
524.03
489.56
503.89
913.59
3,135.77
900.93
1,328.42
1,248.35
1,328.31
- -
Free Cash Flow per Basic Share
83.41
131.66
-1,029.68
-2,259.86
-2,125.92
-2,843.43
-660.43
-2,804.84
-17,618.39
-2,106.71
1,384.64
-5,192.1
-2,943.48
- -
Dividend per Share
- -
95.55
103.69
79.28
- -
284.21
137.25
159.56
141.14
401.62
- -
552.94
500
- -
Book Value per Share
7,728.23
7,410.74
7,815.11
2,738.02
3,454.52
3,933.19
4,282.7
5,037
6,210.59
10,365.45
11,812.6
12,950.84
13,731.14
14,078.78
Tangible Book Value per Share
7,568.47
7,309.78
7,707.66
2,705.25
3,390.12
3,908.26
4,241.12
5,004.66
6,185.96
10,346.03
11,774.31
12,922.51
13,689.28
14,041.69
Basic Weighted Avg Shares
481
507
747
946
918
762
758
758
760
1,516
1,522
1,377
1,522
1,522
Sales/Revenue/Turnover
262,619
435,290
279,566
461,169
772,111
916,328
999,508
1,282,406
2,906,319
3,193,090
3,713,848
2,896,718
3,699,971
- -
Operating Margin (%)
50.22
43.65
11.76
29.65
47.87
39.07
51.63
69.39
80.28
41.53
73.36
51.68
57.69
- -
Depreciation Expense
8,007
12,184
16,651
18,353
19,138
21,959
20,716
20,138
22,530
28,026
45,095
59,830
64,731
- -
Net Income, GAAP
124,427
157,347
181,777
186,288
481,009
373,136
382,149
692,767
2,382,924
1,365,944
2,022,251
1,718,425
2,022,085
- -
Effective Tax Rate (%)
6.45
18.21
19.94
18
17.12
14.81
20.22
19.64
20.04
20.94
18.53
17.71
19.38
- -
Profit Margin (%)
47.38
36.15
65.02
40.39
62.3
40.72
38.23
54.02
81.99
42.78
54.45
59.32
54.65
- -
Working Capital
1,122,466
1,741,231
1,910,214
1,746,189
1,958,048
3,180,820
3,304,787
2,178,782
10,266,129
14,990,351
15,677,960
18,603,137
21,923,408
22,081,597
LT Debt
- -
- -
100,000
- -
320,000
500,000
403,641
103,641
750,000
800,000
400,000
- -
1,997,859
1,998,018
Total Equity
1,196,974
1,835,289
1,935,432
1,948,264
2,515,714
2,982,930
3,248,001
3,819,245
9,822,483
14,485,200
16,507,820
19,715,069
20,902,909
21,432,125
Return on Invested Capital (%)
10.12
9.41
6.36
4.52
7.66
4.26
3.43
5.54
10.4
4.05
5.51
4.26
4.36
- -
Return on Capital (%)
10.23
9.62
8.14
6.93
10.88
7.09
6.91
7.95
11.93
6.34
8.74
5.65
6.34
- -
Return on Common Equity (%)
10.82
10.38
9.64
9.59
21.55
13.57
12.27
19.61
34.94
11.24
13.05
9.49
9.96
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
26,712,744
22,438,927
23,895,332
LT Borrowings
1,997,859
1,997,940
1,998,018
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,522
1,522
1,522
Market Capitalization
29,608,733
24,052,339
26,944,708

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
50,579,456
45,929,896
48,415,966
Cash, Cash Equivalents & STI
32,515,843
28,892,584
33,088,595
Accounts Receivable, Net
3,586,038
3,929,827
1,847,864
Inventories
- -
88
14
Total Current Liabilities
28,656,049
24,436,419
26,334,369
Payables & Accruals
- -
- -
- -
ST Debt
26,712,744
22,438,927
23,895,332
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.89%
48.81%
6.03%
Free Cash Flow
23.88%
-37.81%
-37.31%
Net Income, GAAP
47.39%
50.4%
17.67%
Sales/Revenue/Turnover
34.7%
31.71%
27.73%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
800,184
790,245
719,672
586,617
2,896,718
2025
671,918
860,228
- -
820,447
3,699,971
2026
861,970
889,688
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
441.56
257
361
147
1,248.35
2025
251.28
242
- -
225
1,328.31
2026
358.23
580
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
552.94
2025
- -
- -
- -
- -
500
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Quynh Ngoc Do
Full Time Employees
967
Sector
Finance
Industry
Investment banks/Brokers
Address
Ha Noi Vietnam
IPO Date
Nov 30, 2010
Website
vndirect.com.vn
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Business
VNDIRECT Securities Corporation is a Vietnam-based financial services provider that delivers securities brokerage, wealth management, investment banking, and capital market solutions to individual and institutional clients. Founded in 2006 and headquartered in Hanoi, Vietnam, the company operates across major domestic economic hubs through branches in Ho Chi Minh City, Da Nang, Can Tho, and Hai Phong. VNDIRECT Securities Corporation operates across multiple core business segments: Securities Brokerage and Trading Services, Wealth Management and Asset Management, Investment Banking and Corporate Advisory, and Treasury and Proprietary Investment. Its primary products and services include equity, fund certificate, and covered warrant brokerage; derivatives trading execution; margin lending and securities-backed credit facilities; fixed-income solutions and corporate bond distribution through its D-Bond and V-Bond platforms; asset allocation, mutual fund distribution, and goal-based savings solutions via its integrated D-Wealth ecosystem, encompassing D-Stock, D-Save, D-Money, and D-Goal portfolios; securities custody, depository, and shareholder register management; equity capital market and debt capital market underwriting; mergers and acquisitions advisory, corporate restructuring, and initial public offering consulting; and proprietary market research, analytics, and trading tools delivered through its D-Trading portal and D-Stock mobile application suite. The company caters to retail investors, high-net-worth individuals, domestic corporate enterprises, and foreign institutional investors, maintaining strategic linkages with its founding group, IPA Investments Corporation. In recent developments, VNDIRECT Securities Corporation has completed charter capital increases and debt financing programs to scale its margin financing capacity, executed comprehensive digital infrastructure and cybersecurity overhauls to strengthen operational resilience and transaction throughput, expanded its fintech ecosystem with upgraded digital onboarding and asset management tools, and deepened partnerships with commercial banks and asset managers to broaden its wealth distribution footprint across the Vietnamese capital market.