VRE.VN Vincom Retail JSC
- Market cap
- VND 54.4T
- P/E
- 7.6x
- P/B
- 1.11x
- ROE
- 13.0%
- Dividend yield
- 4.10%
- Fundamental score
- 3.0/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is VRE.VN undervalued?
Graham numberVRE.VN trades 38.8% 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?
Vincom Retail JSC fundamental analysis
15 of 22 checks passedROE 1/2
Moderate return on equity (13.0%), between 10% and 20%.
ROA 1/1
Return on assets (10.2%) is above the industry median (1.5%).
Profit Consistency 2/2
Profitable for 7 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 (57.4%) is above the 5-year average (22.0% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (57.4%) is below the industry median (59.6%).
Revenue Growth 1/2
Revenue grew 6.3% 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 2/2
Low debt to equity (12.6%), 40% or less.
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 1/1
EBIT is 11.4x against interest expense, well covered.
PE vs Market 1/1
PE (7.6x) is below the market median (11.2x).
PE vs Industry 0/1
PE (7.6x) is above the industry median (7.6x).
PBV 0/1
Price to book (1.1x) is above the industry median (0.9x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 8.4, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.34, growth is cheap.
Dividend Yield 0/2
No dividend paid in the last reported year.
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 0/1
No dividend, or no profit to pay it from.
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
Vincom Retail JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Vincom Retail JSC
Vincom Retail Joint Stock Company, together with its subsidiaries, engages in the investment, construction, development, and leasing of shopping centers in Vietnam. It is also involved in real estate development and transfer activities; sale of real estate; and leases investment properties, as well as offers real estate and management consulting activities. Vincom Retail Joint Stock Company was founded in 2012 and is headquartered in Hanoi, Vietnam.
Full company profileVincom Retail 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.
Vincom Retail 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 | 9.26T | 8.33T | 5.89T | 7.36T | 9.79T | 8.94T | 8.84T | 9.33T |
| Gross Profit | 4.40T | 3.82T | 2.39T | 3.82T | 5.35T | 4.76T | 4.73T | 5.30T |
| Operating Income | 3.59T | 3.10T | 1.90T | 3.27T | 4.57T | 3.77T | 3.89T | 4.74T |
| EBITDA | 5.42T | 4.92T | 3.63T | 5.30T | 7.31T | 7.08T | 10.2T | 9.89T |
| Net Income | 2.85T | 2.38T | 1.31T | 2.78T | 4.41T | 4.10T | 6.45T | 6.43T |
| EPS | 1,255 | 1,048 | 578 | 1,222 | 1,940 | 1,802 | 2,837 | 2,830 |
| Balance Sheet | ||||||||
| Total Assets | 35.8T | 39.8T | 37.9T | 42.7T | 47.7T | 55.2T | 61.3T | 62.8T |
| Total Liabilities | 8.89T | 10.5T | 7.22T | 9.28T | 9.83T | 13.3T | 12.9T | 13.5T |
| Shareholders' Equity | 26.9T | 29.3T | 30.6T | 33.4T | 37.8T | 41.9T | 48.4T | 49.3T |
| Cash & Short-term Investments | 1.39T | 3.05T | 3.30T | 7.02T | 4.10T | 2.88T | 4.43T | 5.71T |
| Cash Flow | ||||||||
| Operating Cash Flow | 3.15T | 4.02T | 1.71T | 5.11T | 6.13T | 758B | -3.26T | 3.11T |
| Capital Expenditure | 3.49T | 4.38T | 1.57T | 2.54T | 2.10T | 4.19T | 2.69T | 2.70T |
| Free Cash Flow | -346B | -355B | 138B | 2.53T | 4.03T | -3.43T | -5.95T | 414B |
| Ratios | ||||||||
| ROE | 10.6% | 8.1% | 4.3% | 8.3% | 11.7% | 9.8% | 13.3% | 13.0% |
| ROA | 8.0% | 6.0% | 3.5% | 6.5% | 9.3% | 7.4% | 10.5% | 10.2% |
| Net Profit Margin | 30.8% | 28.6% | 22.3% | 37.7% | 45.0% | 45.8% | 72.9% | 68.9% |
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.
Vincom Retail JSC dividends
- Dividend yield
- 4.10%
- Forward dividend
- 1,000.00 VND
- Payout ratio
- -
- Ex-dividend date
- Jun 30, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | - | - | - |
| 2024 | - | - | - |
| 2023 | - | - | - |
| 2022 | - | - | - |
| 2021 | - | - | - |
| 2020 | - | - | - |
| 2019 | VND 2.45T | 1,079 | 86.0% |
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: 1225:1000 on Oct 31, 2018.
Who owns Vincom Retail JSC
- Insiders 61.41%
- Institutions 11.03%
- Public & others 27.57%
- Shares outstanding 2.27B
- Free float 2.27B
Vincom Retail JSC company profile
- Company name
- Vincom Retail JSC
- Ticker
- VRE.VN
- ISIN
- VN000000VRE6
- Exchange
- Vietnam Stocks
- Sector
- Real Estate
- Industry
- Real Estate - Diversified
- Employees
- 1,694
- Fiscal year end
- December
- Address
- Symphony Office Building, Hanoi, Vietnam
- Phone
- 84 24 3975 6699
- Website
- vincom.com.vn
About Vincom Retail JSC
Vincom Retail Joint Stock Company, together with its subsidiaries, engages in the investment, construction, development, and leasing of shopping centers in Vietnam. It is also involved in real estate development and transfer activities; sale of real estate; and leases investment properties, as well as offers real estate and management consulting activities. Vincom Retail Joint Stock Company was founded in 2012 and is headquartered in Hanoi, Vietnam.
Vincom Retail JSC management
6- Ms. Hoa Mai TranChief Executive Officer
- Ms. Hien Thi Thu PhamDeputy Chief Executive Officer of Sales & Marketing · born 1977
- Nhung Thi Yen NguyenFounder
- Ms. Ha Thi Ngoc PhamChief Financial Officer
- Ms. Huong Thi Lan NguyenChief Accountant
- Ms. Huyen Nga Thi PhamHead of Tay Ninh Branch, Tay Ninh Branch & Quang Ngai Branch