VPI.VN Van Phu - Invest Investment JSC
- Market cap
- VND 20.3T
- P/E
- 49.6x
- P/B
- 3.78x
- ROE
- 5.7%
- Dividend yield
- 0.00%
- Fundamental score
- 1.8/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is VPI.VN undervalued?
Graham numberVPI.VN trades 188.7% above 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?
Van Phu - Invest Investment JSC fundamental analysis
9 of 22 checks passedROE 0/2
Low return on equity (5.7%), below 10%.
ROA 1/1
Return on assets (1.9%) is above the industry median (1.2%).
Profit Consistency 2/2
Profitable for 6 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (18.9%) is above the 5-year average (1.4% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (18.9%) is below the industry median (33.4%).
Revenue Growth 0/2
Revenue shrank 2.8% 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 1/2
Moderate debt to equity (93.9%), up to 100%.
Debt Trend 0/1
Debt to equity has 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 8.3x against interest expense, well covered.
PE vs Market 0/1
PE (49.7x) is above the market median (11.2x).
PE vs Industry 0/1
PE (49.7x) is above the industry median (39.4x).
PBV 0/1
Price to book (3.8x) is above the industry median (1.0x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 188.2, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 36.09, above 1.
Dividend Yield 0/2
Dividend yield (0.0%) 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 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 0.0%, 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
Van Phu - Invest Investment JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Van Phu - Invest Investment JSC
Van Phu Real Estate Development Joint Stock Company, together with its subsidiaries, operates as a real estate developer in Vietnam. It operates through Real Estate Business, Provision of Accommodation Services, and Other Activities segments. The company offers investment consulting, construction, and accommodation services; and real estate consulting, brokerage, and auction services. It also engages in the planning and implementation of urban real estate and resort projects…
Full company profileVan Phu - Invest Investment 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.
Van Phu - Invest Investment 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 | - | 2.16T | 2.61T | 2.15T | 1.86T | 1.90T | 1.98T | 2.27T |
| Gross Profit | - | 683B | 642B | 1.17T | 1.30T | 320B | 749B | 839B |
| Operating Income | - | 483B | 357B | 801B | 939B | 175B | 473B | 500B |
| EBITDA | - | - | - | 1,000B | 1.13T | 565B | 612B | 625B |
| Net Income | - | 301B | 348B | 540B | 496B | 328B | 391B | 308B |
| EPS | - | 1,036 | - | 2,230 | 1,553 | 933 | 1,110 | 875 |
| Balance Sheet | ||||||||
| Total Assets | - | 9.70T | 9.84T | 11.1T | 12.5T | 11.1T | 14.7T | 15.9T |
| Total Liabilities | - | 6.75T | 6.44T | 7.34T | 8.56T | 6.06T | 9.25T | 10.1T |
| Shareholders' Equity | - | 2.76T | 3.19T | 3.51T | 3.74T | 4.86T | 5.25T | 5.40T |
| Cash & Short-term Investments | - | 1.03T | 1.12T | 488B | 191B | 498B | 706B | 265B |
| Cash Flow | ||||||||
| Operating Cash Flow | -761B | 1.71T | 539B | 756B | -1.43T | 138B | 157B | -2.98T |
| Capital Expenditure | 613B | 305B | 89.8B | 1.15T | 63.9B | 25.3B | 60.0B | 0.00 |
| Free Cash Flow | - | 1.41T | 449B | -395B | -1.50T | 113B | 96.9B | -3.10T |
| Ratios | ||||||||
| ROE | - | 10.9% | 10.9% | 15.4% | 13.3% | 6.8% | 7.4% | 5.7% |
| ROA | - | 3.1% | 3.5% | 4.9% | 4.0% | 2.9% | 2.7% | 1.9% |
| Net Profit Margin | - | 13.9% | 13.3% | 25.1% | 26.6% | 17.3% | 19.8% | 13.5% |
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.
Van Phu - Invest Investment JSC dividends
- Dividend yield
- 0.00%
- Forward dividend
- -
- Payout ratio
- 0.0%
- Ex-dividend date
- Feb 16, 2023
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 123M | 0.35 | 0.0% |
| 2024 | - | - | - |
| 2023 | VND 243B | 760 | 48.9% |
| 2022 | - | - | - |
| 2021 | - | - | - |
| 2020 | - | - | - |
| 2019 | VND 256B | - | - |
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: 11:10 on Sep 7, 2026.
Who owns Van Phu - Invest Investment JSC
- Insiders 60.44%
- Institutions 0.59%
- Public & others 38.97%
- Shares outstanding 352M
- Free float 319M
Van Phu - Invest Investment JSC company profile
- Company name
- Van Phu - Invest Investment JSC
- Ticker
- VPI.VN
- ISIN
- VN000000VPI1
- Exchange
- Vietnam Stocks
- Sector
- Real Estate
- Industry
- Real Estate Services
- Employees
- 335
- Fiscal year end
- December
- Address
- No. 104 Thai Thinh, Hanoi, Vietnam
- Phone
- 84 24 6258 3535
- Website
- vanphu.vn
About Van Phu - Invest Investment JSC
Van Phu Real Estate Development Joint Stock Company, together with its subsidiaries, operates as a real estate developer in Vietnam. It operates through Real Estate Business, Provision of Accommodation Services, and Other Activities segments. The company offers investment consulting, construction, and accommodation services; and real estate consulting, brokerage, and auction services. It also engages in the planning and implementation of urban real estate and resort projects; management and operation of real estate services; and real estate support services. The company was formerly known as Van Phu - Invest Investment Joint Stock Company and changed its name to Van Phu Real Estate Development Joint Stock Company in April 2025. Van Phu Real Estate Development Joint Stock Company was founded in 2003 and is headquartered in Hanoi, Vietnam.
Van Phu - Invest Investment JSC management
7- Mr. Chau Hong PhamGeneral Director, Member of Management Board & Director · born 1971
- Ms. Phuong Thi Thanh DoDirector, Deputy General Director & Member of Management Board · born 1978
- Mr. Dang Hoang LamDeputy CEO, Deputy GM & Member of Management Board · born 1982
- Mr. Tuan Thanh VuDeputy CEO, Deputy GM & Member of Management Board
- Mr. Long Hong PhamDeputy General Director & Member of Management Board
- Ms. Hai Thi Hong NguyenDeputy General Director & Deputy General Director & Member of Management Board
- Yen My TranChief Accountant