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Van Phu - Invest Investment JSC

Van Phu - Invest Investment JSC

HHOSE:VPI
55,800.00
VND
+1,700.00
(+3.14%)
18.04TMarket Cap
Van Phu - Invest Investment JSC
HOSE:VPI
(Ho Chi Minh Stock Exchange)

Recent

price

55,800.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
978.28
10,527.78
7,455.24
8,989.67
7,410.77
6,421.64
6,425.68
6,175.14
- -
Revenue per Share
1,597.14
1,743.61
1,036.23
1,198.8
1,858.44
1,708.77
1,112.44
1,220.57
- -
Basic EPS, GAAP
-4,670.07
-4,730.05
4,838.56
1,547.76
-1,360.71
-5,158.17
382.76
302.66
-218.18
Free Cash Flow per Basic Share
- -
881.54
- -
- -
- -
835.98
- -
0.39
- -
Dividend per Share
7,737.38
8,520.08
9,497.7
9,992.67
12,103.4
12,871.15
15,181.17
16,402.26
16,883.31
Book Value per Share
7,714.81
8,493.39
9,481.1
9,973.77
12,084.4
12,853.84
15,164.56
16,386.22
16,869.92
Tangible Book Value per Share
264
290
290
290
290
290
295
320
328
Basic Weighted Avg Shares
258,265
3,057,265
2,164,999
2,610,596
2,152,086
1,864,842
1,897,331
1,976,352
- -
Sales/Revenue/Turnover
132.01
23.25
22.29
13.66
37.2
50.35
9.23
23.95
- -
Operating Margin (%)
2,788
12,511
22,289
20,167
38,949
47,821
38,256
39,676
- -
Depreciation Expense
421,646
506,343
300,922
348,132
539,690
496,225
328,475
390,644
- -
Net Income, GAAP
20.94
21.41
20.73
12.26
22.53
27.12
10.73
24.48
- -
Effective Tax Rate (%)
163.26
16.56
13.9
13.34
25.08
26.61
17.31
19.77
- -
Profit Margin (%)
1,322,773
2,657,786
1,696,012
3,208,657
2,400,179
1,275,837
3,153,828
5,224,245
4,023,459
Working Capital
1,438,094
2,566,577
1,764,608
1,958,984
3,835,222
3,262,827
3,296,632
5,210,749
5,073,634
LT Debt
2,457,569
2,691,168
2,958,224
3,394,445
3,758,707
3,966,629
5,074,140
5,474,402
5,727,980
Total Equity
- -
8.4
4.61
5.06
6.01
4.77
3.12
3.59
- -
Return on Invested Capital (%)
- -
10.58
7.06
6.75
10.8
9.89
5.48
4
- -
Return on Capital (%)
- -
21.45
11.5
11.7
16.09
13.68
7.64
7.73
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,078,379
1,922,457
2,325,194
LT Borrowings
5,210,749
4,986,445
5,073,634
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
320
320
320
Market Capitalization
16,846,246
16,729,864
18,039,158

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,316,807
8,541,514
7,994,897
Cash, Cash Equivalents & STI
706,256
147,890
287,996
Accounts Receivable, Net
252,618
241,571
166,913
Inventories
5,245,336
5,954,443
6,600,384
Total Current Liabilities
3,092,562
3,953,090
3,971,438
Payables & Accruals
- -
- -
- -
ST Debt
1,078,379
1,922,457
2,325,194
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
13.36%
7.89%
Free Cash Flow
- -
-19.74%
-14.29%
Net Income, GAAP
- -
9.56%
18.93%
Sales/Revenue/Turnover
- -
-0.89%
4.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
126,548
165,270
854,607
749,879
1,897,331
2025
248,728
180,235
- -
1,180,408
1,976,352
2026
287,350
849,453
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
316.9
74.26
378.67
324.14
1,112.44
2025
439.89
21.34
- -
405.39
1,220.57
2026
84.04
397.01
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
0.39
- -
- -
- -
0.39
2026
- -
- -
- -
- -
- -
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Business
Van Phu - Invest Investment Joint Stock Company is a Vietnam-based real estate investment, property development, and infrastructure construction enterprise engaged primarily in the development, operation, and trading of residential, commercial, hospitality, and mixed-use urban properties. The company operates across multiple property segments organized under distinct brand architectures: luxury residential developments under the Grandeur Palace brand, offering high-end condominiums, villas, and integrated commercial complexes; upper-midscale urban developments under The Terra brand, comprising high-rise apartment towers, townhouses, shophouses, and integrated community facilities; and coastal and suburban master-planned township developments under the Vlasta brand, featuring eco-villas, shophouses, and resort residences. In addition to residential development for sale, the company provides commercial leasing services covering Grade-A office buildings, shopping centers, and commercial podiums; hospitality and serviced apartment operations, including assets managed in collaboration with international hospitality operators such as Oakwood; urban infrastructure investment and civil construction executed under public-private partnerships and Build-Transfer contracts; and real estate project management, architectural design, engineering consultancy, and property asset management services delivered through specialized operating subsidiaries. Founded in 2003 and headquartered in Hanoi, Vietnam, the company caters to individual homebuyers, institutional investors, retail tenants, and corporate clients across Northern and Central Vietnam, with major market presence in Hanoi, Hai Phong, Bac Giang, Thanh Hoa, and Quang Ninh. In recent developments, the company has expanded its regional master-planned footprint through the development and commercialization of key provincial projects including Vlasta - Sam Son in Thanh Hoa and The Terra - Bac Giang, while advancing site preparation and investment licensing for new urban ventures in Hai Phong and Thua Thien Hue. The company has also strengthened its capital structure through syndicated credit facilities and targeted bond issuances arranged with leading domestic financial institutions to support ongoing construction pipelines, alongside expanding its adoption of international green building standards to drive sustainable urban development across its newest property portfolios.