1. Vietnam Stocks

  2. •

    Finance

  3. •

    Real estate development
Vinhomes Joint Stock Company

Vinhomes Joint Stock Company

8.35
THB
+0.25
(+3.09%)
1.56TMarket Cap
Dec 02Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
175.39
468.11
592.72
835.26
985.15
715.34
1,187.29
1,180.28
1,862.93
- -
Basic EPS, GAAP
16.16
172.94
249.68
319.31
450.05
330.55
382.61
366.82
509.21
- -
Free Cash Flow per Basic Share
4.48
-26.8
552.02
249.63
-9.55
151.58
-97.12
-381.16
313.08
809.6
Dividend per Share
- -
11.44
42.32
2.54
60.26
107.59
- -
6.98
13.74
15.64
Book Value per Share
79.16
495.68
654.88
1,000.49
1,430.18
1,664.89
2,055.72
2,462.93
2,893.73
3,157.21
Tangible Book Value per Share
71.29
482.97
642.98
965.41
1,399.95
1,638.31
2,036.36
2,422.31
2,847.6
3,113.58
Basic Weighted Avg Shares
87,221
82,596
87,101
85,659
86,266
87,221
87,221
86,694
82,274
82,275
Sales/Revenue/Turnover
15,297,312
38,664,328
51,626,931
71,546,737
84,985,606
62,392,603
103,556,722
102,323,186
153,270,923
- -
Operating Margin (%)
20.79
20.11
46.12
30.68
52.41
42.05
26.99
24.3
25.43
- -
Depreciation Expense
410,152
261,532
351,846
541,936
1,087,692
1,216,548
1,436,293
1,800,478
2,298,141
2,922,804
Net Income, GAAP
1,409,642
14,284,453
21,747,376
27,351,280
38,824,562
28,830,869
33,371,406
31,801,258
41,895,255
- -
Effective Tax Rate (%)
25.76
25.06
18.24
22.76
19.17
24.54
22.58
14.14
17.94
- -
Profit Margin (%)
9.21
36.94
42.12
38.23
45.68
46.21
32.23
31.08
27.33
- -
Working Capital
10,197,993
48,330,271
17,998,200
-1,073,168
19,036,347
8,772,846
31,267,358
6,946,633
153,799,928
100,315,005
LT Debt
6,627,687
25,505,723
8,343,025
13,957,735
19,667,987
20,876,302
38,393,923
47,015,689
102,945,886
152,367,244
Total Equity
10,123,785
48,144,874
64,715,043
89,365,402
131,407,411
148,521,843
182,636,306
220,743,975
249,216,707
274,005,158
Return on Invested Capital (%)
- -
27.3
27.62
27.1
28.08
16.02
14.91
12.29
11.84
- -
Return on Capital (%)
- -
29.53
24.66
28.04
30.57
17.92
17.26
13.32
14.44
- -
Return on Common Equity (%)
- -
56.98
43.79
38.58
36.9
21.36
20.57
16.65
19.01
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
43,376,868
55,456,879
63,086,214
LT Borrowings
102,911,282
106,541,777
152,335,865
LT Finance Leases
34,604
68,181
31,379
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
82,274
82,274
82,274
Market Capitalization
990,627,133
863,783,194
1,234,732,051

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
496,890,087
517,760,338
679,446,005
Cash, Cash Equivalents & STI
141,012,741
148,197,146
185,400,998
Accounts Receivable, Net
23,488,063
27,680,047
30,299,153
Inventories
131,414,569
138,885,119
206,728,370
Total Current Liabilities
343,090,159
388,427,617
579,131,000
Payables & Accruals
- -
- -
- -
ST Debt
43,376,868
55,456,879
63,086,214
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
23.36%
12.9%
Free Cash Flow
- -
-371.96%
-177.95%
Net Income, GAAP
- -
11.8%
31.74%
Sales/Revenue/Turnover
- -
21.36%
49.79%
Total Cash Common Dividend
- -
- -
86.77%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,211,201
28,375,364
33,323,142
32,413,479
102,323,186
2025
15,697,917
18,315,505
- -
103,009,532
153,270,923
2026
65,114,237
52,721,631
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10.14
124.86
90.19
147.79
366.82
2025
32.68
91.26
- -
324.84
509.21
2026
310.57
274.48
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.88
- -
0.06
- -
6.98
2025
- -
- -
1.22
12.44
13.74
2026
1.97
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hang Thu Nguyen
Full Time Employees
12,799
Sector
Finance
Industry
Real estate development
Address
Ha Noi Vietnam
IPO Date
May 17, 2018
Website
vinhomes.vn
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Business
Vinhomes Joint Stock Company is a Vietnam-based real estate developer and operator engaged in the investment, development, sale, leasing, and management of residential, commercial, and industrial properties. The company operates across multiple core business segments: Residential Property Development, Commercial Property Leasing, Property Management Services, and Industrial Real Estate. Its comprehensive product and service portfolio includes master-planned, mixed-use mega-townships; mid-tier residential condominiums under the Vinhomes Sapphire brand; upper-middle to high-end apartments under the Vinhomes Ruby brand; luxury high-rise residences and premium landed villas under the Vinhomes Diamond brand; affordable social housing projects under the Happy Home brand; development and leasing of industrial parks and manufacturing infrastructure through Vinhomes Industrial Zone Investment Joint Stock Company; commercial office and retail space leasing; and integrated smart-city property management services, encompassing AI-driven surveillance, utility operations, green landscaping maintenance, and resident ecosystem support. Its flagship urban developments include Vinhomes Ocean Park, Vinhomes Smart City, Vinhomes Grand Park, and Vinhomes Royal Island. Vinhomes Joint Stock Company serves individual homebuyers, domestic and multinational commercial tenants, institutional property investors, and industrial enterprises across key metropolitan and provincial markets in Vietnam, including Hanoi, Ho Chi Minh City, Hai Phong, Quang Ninh, and Da Nang. Founded in 2008 and headquartered in Hanoi, Vietnam, the company operates as the primary real estate subsidiary of Vingroup Joint Stock Company. In recent developments, Vinhomes has advanced its mega-urban development strategy with the rollout and ongoing handover of major master-planned developments, including Vinhomes Royal Island, Vinhomes Saigon Park, Vinhomes Global Gate Ha Long, and Vinhomes Green Paradise. To optimize its capital structure and support its long-term development pipeline, the company completed a substantial share buyback program, executed a one-for-one bonus share dividend that doubled its charter capital to over VND 82 trillion, and completed multiple tranches of domestic bond issuances to fund infrastructure and township expansion.