Vpbank Securities JSC

Vpbank Securities JSC

HHOSE:VPX
23,950.00
VND
+200.00
(+0.84%)
598.52EPS
47.78P/E
53.63TMarket Cap
Vpbank Securities JSC
HOSE:VPX
(Ho Chi Minh Stock Exchange)

Recent

price

23,950.00

P/E

ratio

47.78

div

yld

- -

ROIC.AI

2024
2025
TTM
VND
1,436.18
4,109.05
1,237.54
Revenue per Share
650.45
2,302.15
598.52
Basic EPS, GAAP
-1,795.02
-22,612.74
- -
Free Cash Flow per Basic Share
- -
- -
- -
Dividend per Share
9,282.11
18,043.22
19,041.46
Book Value per Share
9,275.31
18,038
19,035.78
Tangible Book Value per Share
1,500
1,550
5,956
Basic Weighted Avg Shares
2,154,268
6,370,431
7,371,006
Sales/Revenue/Turnover
74.59
94.06
90.36
Operating Margin (%)
8,237
9,816
13,854
Depreciation Expense
975,680
3,569,118
3,564,895
Net Income, GAAP
20.01
20.25
19.68
Effective Tax Rate (%)
45.29
56.03
48.36
Profit Margin (%)
17,149,225
33,673,732
34,354,334
Working Capital
- -
- -
- -
LT Debt
17,403,951
33,831,042
35,702,740
Total Equity
- -
7.25
- -
Return on Invested Capital (%)
- -
9.73
- -
Return on Capital (%)
- -
13.93
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
37,342,074
42,209,256
52,419,985
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,875
1,875
1,875
Market Capitalization
55,875,000
55,406,250
53,625,000

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
72,714,373
78,365,270
87,499,939
Cash, Cash Equivalents & STI
36,434,329
40,024,234
46,160,737
Accounts Receivable, Net
2,178,242
2,039,182
3,144,396
Inventories
3,896
3,218
2,545
Total Current Liabilities
39,040,641
44,398,948
53,145,605
Payables & Accruals
- -
- -
- -
ST Debt
37,342,074
42,209,256
52,419,985
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
94.39%
Free Cash Flow
- -
- -
1,202.03%
Net Income, GAAP
- -
- -
265.81%
Sales/Revenue/Turnover
- -
- -
195.71%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2,154,268
2025
681,143
1,028,506
- -
1,520,415
6,370,431
2026
1,655,186
3,166,899
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
650.45
2025
187.03
294.01
- -
562.02
2,302.15
2026
23.23
924.3
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
VPBank Securities Joint Stock Company (VPBankS) is a Vietnam-based financial services provider that delivers securities brokerage, investment banking, wealth management, and capital market solutions to retail, high-net-worth, and institutional clients. The company organizes its operations across four primary business segments: Securities Brokerage and Margin Financing, Investment Banking, Asset and Wealth Management, and Treasury and Proprietary Trading. Its core offerings include equity, exchange-traded fund (ETF), and fixed-income brokerage across the Ho Chi Minh Stock Exchange (HOSE), Hanoi Stock Exchange (HNX), and UPCoM; derivatives trading and securities lending services; margin financing and collateral management; securities registration, custody, and depository administration; digital investment applications and online trading portals powered by its proprietary NEO Invest platform; corporate finance advisory, debt restructuring, initial public offerings (IPOs), and merger and acquisition (M&A) consulting; underwriting and private placement of corporate bonds and equities; open-ended fund certificate distribution and tailored portfolio management; and institutional equity research and macroeconomic analysis. Originally established in 2009 and headquartered in Hanoi, Vietnam, the firm operates as a major subsidiary of Vietnam Prosperous Joint Stock Commercial Bank (VPBank), maintaining branch networks and client service centers in key financial centers including Ho Chi Minh City and Da Nang. Over the past two years, the company underwent a comprehensive strategic recapitalization and corporate reorganization following its integration into VPBank, increasing its charter capital to VND 15 trillion to rank among the largest capitalized securities corporations in Vietnam. In line with this expansion, the firm launched its next-generation NEO Invest digital trading ecosystem, rolled out zero-fee brokerage and competitive margin lending initiatives, and deepened retail and corporate client acquisition through VPBank's extensive nationwide banking network. Additionally, the company expanded its debt capital market and investment banking advisory mandates, while forging strategic partnerships with technology and financial data vendors to integrate artificial intelligence, automated risk controls, and algorithmic execution capabilities across its wealth management operations.