IJC.VN Becamex Infrastructure Development JSC
- Market cap
- VND 4.38T
- P/E
- 10.7x
- P/B
- 0.55x
- ROE
- 5.4%
- Dividend yield
- 4.33%
- Fundamental score
- 2.9/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is IJC.VN undervalued?
Graham numberIJC.VN trades 49.1% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Becamex Infrastructure Development JSC fundamental analysis
14 of 22 checks passedROE 0/2
Low return on equity (5.4%), below 10%.
ROA 1/1
Return on assets (3.4%) is above the industry median (3.0%).
Profit Consistency 2/2
Profitable for 7 consecutive years.
Earnings Growth 5Y 0/1
Earnings per share did not grow over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (1.2%) is above the 5-year average (-16.4% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (1.2%) is below the industry median (46.0%).
Revenue Growth 0/2
Revenue shrank 6.5% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (15.6%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 1/1
EBIT is 7.4x against interest expense, well covered.
PE vs Market 1/1
PE (10.8x) is below the market median (11.2x).
PE vs Industry 1/1
PE (10.8x) is below the industry median (11.8x).
PBV 1/1
Price to book (0.6x) is below the industry median (1.0x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 6.0, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 1/2
Dividend yield (4.3%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 31.7%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Becamex Infrastructure Development JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Becamex Infrastructure Development JSC
Becamex Infrastructure Development Joint Stock Company engages in investment, construction, and real estate businesses in Vietnam. It operates through the Sale of Toll Tickets, Trading Real Estate, Trading Investment Properties, Construction, Business Cooperation Contract, and Other segments. The company engages in the investment, construction, and operation of technical infrastructure of industrial parks, residences, and urban areas; operation, maintenance, and repair of to…
Full company profileBecamex Infrastructure Development JSC financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Becamex Infrastructure Development JSC annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 1.60T | 2.14T | 2.60T | 1.97T | 1.49T | 1.02T | 1.61T | 860B |
| Gross Profit | 538B | 662B | 991B | 809B | 651B | 458B | 815B | 399B |
| Operating Income | 432B | 572B | 879B | 705B | 551B | 353B | 607B | 306B |
| EBITDA | 481B | 569B | 936B | 773B | 624B | 535B | 840B | 636B |
| Net Income | 284B | 370B | 621B | 511B | 395B | 354B | 597B | 433B |
| EPS | 1,789 | 2,326 | 2,466 | 2,029 | 1,402 | 937 | 949 | 688 |
| Balance Sheet | ||||||||
| Total Assets | 7.55T | 6.64T | 6.81T | 6.52T | 6.40T | 7.86T | 10.3T | 12.8T |
| Total Liabilities | 5.71T | 4.57T | 3.46T | 2.71T | 2.58T | 2.69T | 2.27T | 4.75T |
| Shareholders' Equity | 1.83T | 2.07T | 3.34T | 3.82T | 3.82T | 5.16T | 8.06T | 8.04T |
| Cash & Short-term Investments | 55.9B | 290B | 147B | 226B | 284B | 79.9B | 923B | 92.3B |
| Cash Flow | ||||||||
| Operating Cash Flow | 1.08T | 560B | -964B | 309B | 276B | -797B | -232B | -1.37T |
| Capital Expenditure | 45.3B | 43.6B | 44.9B | 74.9B | 57.5B | 56.9B | 22.6B | 9.44B |
| Free Cash Flow | 1.03T | 517B | -1.01T | 234B | 218B | -854B | -255B | -1.38T |
| Ratios | ||||||||
| ROE | 15.5% | 17.9% | 18.6% | 13.4% | 10.3% | 6.9% | 7.4% | 5.4% |
| ROA | 3.8% | 5.6% | 9.1% | 7.8% | 6.2% | 4.5% | 5.8% | 3.4% |
| Net Profit Margin | 17.8% | 17.3% | 23.9% | 26.0% | 26.4% | 34.7% | 37.2% | 50.4% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Becamex Infrastructure Development JSC dividends
- Dividend yield
- 4.33%
- Forward dividend
- 500.00 VND
- Payout ratio
- 31.7%
- Ex-dividend date
- Jun 29, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 189B | 301 | 31.7% |
| 2024 | VND 354B | 938 | 100.1% |
| 2023 | VND 14.7M | 0.05 | 0.0% |
| 2022 | VND 1.22M | 0.00 | 0.0% |
| 2021 | VND 326B | 1,293 | 52.4% |
| 2020 | VND 750B | 4,714 | 202.7% |
| 2019 | VND 34.8B | 219 | 12.2% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 116:100 on Feb 3, 2023.
Who owns Becamex Infrastructure Development JSC
- Insiders 49.78%
- Institutions 0.20%
- Public & others 50.02%
- Shares outstanding 630M
- Free float 334M
Becamex Infrastructure Development JSC company profile
- Company name
- Becamex Infrastructure Development JSC
- Ticker
- IJC.VN
- ISIN
- VN000000IJC4
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Engineering & Construction
- Employees
- 730
- Fiscal year end
- December
- Address
- No. 230 Binh Duong Avenue, Thu Dau Mot, Vietnam
- Phone
- 84 274 384 8789
- Website
- becamexijc.com
About Becamex Infrastructure Development JSC
Becamex Infrastructure Development Joint Stock Company engages in investment, construction, and real estate businesses in Vietnam. It operates through the Sale of Toll Tickets, Trading Real Estate, Trading Investment Properties, Construction, Business Cooperation Contract, and Other segments. The company engages in the investment, construction, and operation of technical infrastructure of industrial parks, residences, and urban areas; operation, maintenance, and repair of toll stations; sale of toll tickets; provision of real estate brokerage, valuation, trading floor, consultancy, auction, advertising, management, and trading services; leasing and rental of properties, equipment, and furniture; construction of social houses, public works, and civil and industrial works; and operation of restaurants and hotels. It is also involved in the provision of catering and event organization services; airline and train ticket agency; operation of trade centers; tourism; and passenger transport. Becamex Infrastructure Development Joint Stock Company was incorporated in 2007 and is headquartered in Thu Dau Mot, Vietnam.
Becamex Infrastructure Development JSC management
5- Mr. Hung Thanh TrinhGM & CEO
- Mr. Thuy Thi BuiChief Accountant & CFO
- Ms. Trang Thi Huyen VoDeputy Chief Executive Officer & Director
- Mr. Hung Phi VuDeputy Chief Executive Officer
- Mr. Hien Ngoc TranDeputy Chief Executive Officer