VIC.VN Vingroup JSC
- Market cap
- VND 1,743T
- P/E
- 73.4x
- P/B
- 10.65x
- ROE
- 20.3%
- Dividend yield
- 0.15%
- Fundamental score
- 2.3/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is VIC.VN undervalued?
Graham numberThe Graham number of Vingroup JSC cannot be estimated reliably (the estimate is too far from the market price).
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?
Vingroup JSC fundamental analysis
11 of 22 checks passedROE 2/2
High return on equity (20.3%), above 20%.
ROA 1/1
Return on assets (2.6%) is above the industry median (1.2%).
Profit Consistency 1/2
Profitable for 4 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (-5.4%) is not above the 5-year average (0.1% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (-5.4%) is below the industry median (33.4%).
Revenue Growth 2/2
Revenue grew 48.3% 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 0/2
High debt to equity (128.6%), above 100%.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 0/1
EBIT is 3.2x against interest expense, below 5x.
PE vs Market 0/1
PE (73.4x) is above the market median (11.2x).
PE vs Industry 0/1
PE (73.4x) is above the industry median (39.4x).
PBV 0/1
Price to book (10.7x) is above the industry median (1.0x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 781.5, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 526.63, above 1.
Dividend Yield 0/2
Dividend yield (0.1%) is in 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 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 22.7%, 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
Vingroup JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Vingroup JSC
Vingroup Joint Stock Company invests in, constructs, and trades in real estate properties in Vietnam. It operates through Sale of Inventory Properties; Leasing Investment Properties and Related Services; Hospitality, Entertainment and Related Services; Health Care and Related Services; Education and Related Services; Manufacturing and Related Activities; General Contractor and Related Services; and Others segments. The company leases office and retail areas; operates hotels …
Full company profileVingroup JSC financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Vingroup 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 | 130T | 110T | 126T | 102T | 161T | 189T | 332T | 445T |
| Gross Profit | 37.6T | 17.3T | 34.1T | 14.7T | 23.5T | 27.3T | 52.7T | 107T |
| Operating Income | 10.6T | -3.34T | 3.12T | -10.6T | 18.2T | -5.90T | 3.63T | 55.7T |
| EBITDA | 31.1T | 34.2T | 27.2T | 43.8T | 47.0T | 60.9T | 86.9T | 131T |
| Net Income | 7.55T | 5.46T | -2.51T | 8.78T | 2.16T | 11.9T | 11.3T | 34.6T |
| EPS | 2,084 | 1,503 | -679 | 2,372 | 580 | 1,600 | 1,514 | 4,608 |
| Balance Sheet | ||||||||
| Total Assets | 404T | 423T | 428T | 577T | 668T | 837T | 1,121T | 1,309T |
| Total Liabilities | 283T | 287T | 269T | 442T | 519T | 683T | 970T | 1,128T |
| Shareholders' Equity | 76.4T | 79.2T | 100T | 110T | 114T | 137T | 149T | 170T |
| Cash & Short-term Investments | 18.2T | 29.4T | 18.4T | 26.2T | 28.0T | 42.6T | 73.5T | 76.4T |
| Cash Flow | ||||||||
| Operating Cash Flow | 16.0T | 16.0T | -14.2T | 101B | -13.4T | 20.8T | 69.2T | 153T |
| Capital Expenditure | 55.2T | 27.5T | 36.8T | 79.5T | 54.1T | 48.6T | 76.2T | 141T |
| Free Cash Flow | -39.2T | 16.0T | -51.0T | -78.0T | -67.5T | -27.7T | -6.91T | 11.9T |
| Ratios | ||||||||
| ROE | 9.9% | 6.9% | -2.5% | 8.0% | 1.9% | 8.7% | 7.6% | 20.3% |
| ROA | 1.9% | 1.3% | -0.6% | 1.5% | 0.3% | 1.4% | 1.0% | 2.6% |
| Net Profit Margin | 5.8% | 4.9% | -2.0% | 8.6% | 1.3% | 6.3% | 3.4% | 7.8% |
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.
Vingroup JSC dividends
- Dividend yield
- 0.15%
- Forward dividend
- -
- Payout ratio
- 22.7%
- Ex-dividend date
- Aug 6, 2014
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 2.58T | 344 | 22.7% |
| 2024 | VND 666B | 90 | 5.6% |
| 2023 | VND 61.0B | 16 | 2.8% |
| 2022 | VND 3.38T | 914 | 38.5% |
| 2021 | VND 1.72T | 464 | - |
| 2020 | VND 7.19B | 1.98 | 0.1% |
| 2019 | VND 2.19T | 605 | 29.0% |
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: 2:1 on Dec 5, 2025.
Who owns Vingroup JSC
- Insiders 69.29%
- Institutions 1.50%
- Public & others 29.21%
- Shares outstanding 7.50B
- Free float 5.78B
Vingroup JSC company profile
- Company name
- Vingroup JSC
- Ticker
- VIC.VN
- ISIN
- VN000000VIC9
- Exchange
- Vietnam Stocks
- Sector
- Real Estate
- Industry
- Real Estate Services
- Employees
- 286
- Fiscal year end
- December
- Address
- No. 7, Bang Lang 1 Street, Hanoi, Vietnam
- Phone
- 84 24 3974 9999
- Website
- vingroup.net
About Vingroup JSC
Vingroup Joint Stock Company invests in, constructs, and trades in real estate properties in Vietnam. It operates through Sale of Inventory Properties; Leasing Investment Properties and Related Services; Hospitality, Entertainment and Related Services; Health Care and Related Services; Education and Related Services; Manufacturing and Related Activities; General Contractor and Related Services; and Others segments. The company leases office and retail areas; operates hotels and resorts; manufactures and trades in automotive vehicles; and provides health care, education, general contractor, real estate management, information technology, real estate broker, and other services. The company was formerly known as Vincom Joint Stock Company and changed its name to Vingroup Joint Stock Company in April 2012. Vingroup Joint Stock Company was founded in 1993 and is headquartered in Hanoi, Vietnam.
Vingroup JSC management
5- Mr. Quang Viet NguyenVice Chairman & CEO
- Ms. Hien Thi Thu NguyenChief Accountant · born 1976
- Mr. Tran DangHead of Legal Department
- Mr. Khuong Van PhamDeputy Chief Executive Officer · born 1959
- Ms. Hoan Thi DuongDeputy Chief Executive Officer