Cash flow Vingroup

Equities

VIC

VN000000VIC9

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. Other stock markets 06/09/2024			5-day change	1st Jan Change
44,650.00 ^VND	-0.89%		+1.02%	+0.11%

07-22	An undisclosed buyer acquired Vinfa JSC from Vingroup Joint Stock Company.	CI
07-19	Vingroup Joint Stock Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: VINGROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	130,036B	110,490B	125,688B	101,794B	161,428B
Total Revenues	130,036B	110,490B	125,688B	101,794B	161,428B
Cost of Goods Sold, Total	92,485B	93,177B	91,623B	87,100B	137,919B
Gross Profit	37,551B	17,313B	34,065B	14,694B	23,508B
Selling General & Admin Expenses, Total	26,926B	20,657B	30,944B	25,325B	25,977B
Other Operating Expenses, Total	26,926B	20,657B	30,944B	25,325B	25,977B
Operating Income	10,625B	-3,344B	3,120B	-10,631B	-2,469B
Interest Expense, Total	-7,147B	-11,402B	-10,289B	-10,944B	-17,246B
Interest And Investment Income	2,476B	2,251B	2,688B	2,727B	4,481B
Net Interest Expenses	-4,672B	-9,151B	-7,601B	-8,217B	-12,765B
Income (Loss) On Equity Invest.	-688B	-265B	-41.67B	-86.52B	-97.82B
Currency Exchange Gains (Loss)	-151B	-268B	643B	-1,848B	-2,755B
Other Non Operating Income (Expenses)	-555B	-1,619B	-5,014B	64.24B	16,945B
EBT, Excl. Unusual Items	4,559B	-14,647B	-8,893B	-20,718B	-1,141B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	291B
Gain (Loss) On Sale Of Assets	11,078B	28,590B	12,040B	33,474B	14,620B
EBT, Incl. Unusual Items	15,637B	13,943B	3,146B	12,756B	13,769B
Income Tax Expense	7,921B	9,397B	10,705B	10,711B	11,713B
Earnings From Continuing Operations	7,717B	4,546B	-7,558B	2,044B	2,056B
Net Income to Company	7,717B	4,546B	-7,558B	2,044B	2,056B
Minority Interest	-171B	919B	5,044B	6,738B	101B
Net Income - (IS)	7,546B	5,465B	-2,514B	8,782B	2,157B
Preferred Dividend and Other Adjustments	-	-	-	-	60.95B
Net Income to Common Incl Extra Items	7,546B	5,465B	-2,514B	8,782B	2,096B
Net Income to Common Excl. Extra Items	7,546B	5,465B	-2,514B	8,782B	2,096B
Per Share Items
Net EPS - Basic	2.16K	1.5K	-685.14	2.37K	564.89
Basic EPS - Continuing Operations	2.16K	1.5K	-685.14	2.37K	564.89
Basic Weighted Average Shares Outstanding	3.49B	3.64B	3.67B	3.71B	3.71B
Net EPS - Diluted	2.12K	1.47K	-685.14	2.21K	525.27
Diluted EPS - Continuing Operations	2.12K	1.47K	-685.14	2.21K	525.27
Diluted Weighted Average Shares Outstanding	3.56B	3.71B	3.67B	3.77B	3.71B
Normalized Basic EPS	767.77	-2.27K	-140.08	-1.67K	-165.06
Normalized Diluted EPS	751.97	-2.22K	-140.08	-1.65K	-165.06
Payout Ratio	-	-	-	-	2.83
Supplemental Items
EBITDA	18,720B	6,314B	17,482B	9,988B	14,532B
EBITA	12,438B	-1,226B	6,941B	-1,325B	1,883B
EBIT	10,625B	-3,344B	3,120B	-10,631B	-2,469B
EBITDAR	18,737B	6,332B	-	10,005B	14,554B
Total Revenues (As Reported)	130,036B	110,490B	125,688B	101,794B	161,428B
Effective Tax Rate - (Ratio)	50.65	67.4	340.21	83.97	85.07
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	8,287B	10,283B	9,905B	11,231B	11,287B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-366B	-886B	799B	-520B	426B
Normalized Net Income	2,679B	-8,236B	-514B	-6,211B	-612B
Interest Capitalized	2,083B	-	1,164B	1,740B	3,166B
Supplemental Operating Expense Items
Selling and Marketing Expenses	14,248B	7,254B	6,910B	9,371B	12,514B
General and Administrative Expenses	12,677B	13,403B	24,034B	15,954B	13,463B
Research And Development Expense From Footnotes	-	-	4,662B	2,612B	2,584B
Net Rental Expense, Total	16.99B	17.27B	-	17.23B	22.58B
Imputed Operating Lease Interest Expense	11.47B	12.24B	-	11.3B	19.22B
Imputed Operating Lease Depreciation	5.52B	5.03B	-	5.93B	3.35B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	18,447B	29,404B	18,352B	26,213B	27,983B
Short Term Investments	2,404B	5,540B	3,171B	4,383B	6,999B
Trading Asset Securities, Total	9,539B	5,898B	4,909B	2,353B	-
Total Cash And Short Term Investments	30,390B	40,842B	26,433B	32,949B	34,981B
Accounts Receivable, Total	20,168B	15,992B	19,764B	24,756B	26,338B
Other Receivables	5,087B	10,320B	13,798B	5,416B	20,960B
Notes Receivable	20,951B	8,469B	14,753B	8,172B	7,638B
Total Receivables	46,207B	34,782B	48,316B	38,345B	54,936B
Inventory	83,809B	62,495B	50,425B	98,588B	92,624B
Prepaid Expenses	2,530B	1,706B	1,176B	3,253B	2,319B
Other Current Assets, Total	34,458B	26,189B	35,024B	109,982B	158,676B
Total Current Assets	197,393B	166,014B	161,374B	283,117B	343,536B
Gross Property Plant And Equipment	148,097B	190,621B	216,029B	236,368B	261,105B
Accumulated Depreciation	-11,740B	-18,886B	-26,636B	-29,316B	-39,114B
Net Property Plant And Equipment	136,356B	171,735B	189,393B	207,053B	221,990B
Long-term Investments	3,951B	7,414B	9,231B	11,145B	14,605B
Goodwill	2,374B	2,488B	1,144B	765B	493B
Other Intangibles, Total	19,970B	21,827B	24,629B	18,398B	31,931B
Accounts Receivable Long-Term	-	-	-	1,725B	982B
Loans Receivable Long-Term	1,208B	6,015B	455B	2,486B	1,148B
Deferred Tax Assets Long-Term	645B	1,546B	867B	1,629B	1,263B
Deferred Charges Long-Term	497B	866B	365B	109B	415B
Other Long-Term Assets, Total	41,346B	44,599B	40,926B	50,981B	51,293B
Total Assets	403,741B	422,504B	428,384B	577,407B	667,656B
Liabilities
Accounts Payable, Total	17,564B	18,511B	19,648B	36,539B	34,874B
Accrued Expenses, Total	8,735B	11,070B	10,465B	24,285B	19,197B
Short-term Borrowings	7,698B	1,088B	2,783B	22,952B	43,025B
Current Portion of Long-Term Debt	25,298B	24,884B	17,254B	25,280B	73,153B
Current Portion of Leases	-	-	-	-	57.71B
Current Income Taxes Payable	3,060B	4,667B	3,353B	9,844B	14,249B
Unearned Revenue Current, Total	91,929B	72,384B	54,135B	117,423B	109,749B
Other Current Liabilities	27,009B	36,617B	38,807B	62,088B	106,994B
Total Current Liabilities	181,293B	169,223B	146,445B	298,412B	401,298B
Long-Term Debt	94,690B	103,815B	111,500B	129,671B	96,888B
Long-Term Leases	-	-	-	-	131B
Unearned Revenue Non Current	5,000B	5,321B	4,348B	3,651B	4,089B
Deferred Tax Liability Non Current	470B	552B	1,034B	1,139B	1,202B
Other Non Current Liabilities	1,699B	7,741B	5,485B	8,879B	15,826B
Total Liabilities	283,152B	286,651B	268,813B	441,752B	519,434B
Preferred Stock Non Redeemable	623B	623B	623B	549B	549B
Total Preferred Equity	623B	623B	623B	549B	549B
Common Stock, Total	33,686B	33,824B	38,052B	38,139B	38,237B
Additional Paid In Capital	33,996B	35,412B	40,063B	40,050B	40,184B
Retained Earnings	3,120B	4,360B	4,718B	14,347B	14,106B
Treasury Stock	-2,284B	-2,284B	-1,344B	-1,344B	-1,344B
Comprehensive Income and Other	7,276B	7,261B	18,361B	18,352B	22,010B
Total Common Equity	75,794B	78,572B	99,851B	109,544B	113,192B
Minority Interest	44,171B	56,657B	59,098B	25,563B	34,481B
Total Equity	120,589B	135,853B	159,572B	135,655B	148,222B
Total Liabilities And Equity	403,741B	422,504B	428,384B	577,407B	667,656B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.62B	3.64B	3.7B	3.71B	3.72B
ECS Total Common Shares Outstanding	3.62B	3.64B	3.7B	3.71B	3.72B
Book Value / Share	20.94K	21.61K	26.98K	29.52K	30.43K
Tangible Book Value	53,450B	54,257B	74,078B	90,381B	80,768B
Tangible Book Value Per Share	14.76K	14.92K	20.01K	24.36K	21.71K
Total Debt	127,685B	129,787B	131,537B	177,903B	213,253B
Net Debt	97,295B	88,945B	105,104B	144,954B	178,272B
Debt Equivalent Oper. Leases	136B	138B	-	138B	181B
Minority Interest, Total (Incl. Fin. Div)	44,171B	56,657B	59,098B	25,563B	34,481B
Equity Method Investments, Total	2,147B	2,725B	293B	484B	1,539B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	5,810B	4,187B	6,356B	13,382B	19,434B
Inventories - Work In Process, Total	71,763B	54,692B	40,059B	81,217B	65,283B
Inventories - Finished Goods, Total	7,263B	3,993B	3,623B	8,077B	16,321B
Inventories - Others	1,133B	735B	2,496B	1,348B	1,003B
Buildings, Total	43,158B	58,351B	61,017B	65,002B	72,302B
Machinery, Total	55,796B	62,202B	69,362B	63,459B	92,874B
Full Time Employees	51.1K	44.12K	41.5K	-	-
Assets under Capital Lease - Gross	-	-	-	-	219B
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-14.24B
Accumulated Allowance for Doubtful Accounts (Supple)	25.41B	35.41B	240B	520B	1,136B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	7,546B	5,465B	-2,514B	8,782B	2,157B
Depreciation & Amortization - CF	6,282B	7,540B	10,540B	11,313B	12,648B
Amortization of Goodwill and Intangible Assets - (CF)	1,813B	2,118B	3,821B	9,306B	4,352B
Depreciation & Amortization, Total	8,094B	9,658B	14,361B	20,619B	17,000B
Amortization of Deferred Charges, Total - (CF)	243B	405B	1,724B	1,822B	2,178B
(Gain) Loss From Sale Of Asset	-12,853B	-20,864B	-7,287B	-35,207B	-17,296B
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	3,089B	6,982B	4,427B	4,343B	14,933B
Change in Trading Asset Securities	535B	3,642B	988B	2,557B	2,353B
Change In Accounts Receivable	-12,230B	5,078B	-16,715B	-56,073B	-50,509B
Change In Inventories	-16,411B	16,939B	12,890B	-47,052B	-9,346B
Change In Accounts Payable	39,864B	-9,605B	-24,749B	99,915B	17,867B
Change in Other Net Operating Assets	-1,910B	-1,745B	2,670B	-2,539B	650B
Cash from Operations	15,967B	15,955B	-14,206B	-2,832B	-20,012B
Capital Expenditure	-55,176B	-27,544B	-36,841B	-75,162B	-54,548B
Sale of Property, Plant, and Equipment	422B	1,250B	79.46B	3,323B	5,774B
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-27,526B	3,177B	12,027B	39,305B	20,955B
Net (Increase) Decrease in Loans Originated / Sold - Investing	21,651B	5,780B	685B	5,761B	-1,003B
Other Investing Activities, Total	762B	1,123B	1,666B	5,813B	1,837B
Cash from Investing	-59,866B	-16,214B	-22,384B	-20,960B	-26,985B
Long-Term Debt Issued, Total	63,708B	41,250B	70,267B	77,698B	115,658B
Total Debt Issued	63,708B	41,250B	70,267B	77,698B	115,658B
Long-Term Debt Repaid, Total	-26,183B	-38,958B	-63,334B	-47,287B	-77,631B
Total Debt Repaid	-26,183B	-38,958B	-63,334B	-47,287B	-77,631B
Issuance of Common Stock	22,738B	8,975B	20,462B	-	10,753B
Repurchase of Common Stock	-10,704B	-42.98B	-4.25B	-	-
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Preferred Dividends Paid	-	-	-	-	-60.95B
Common & Preferred Stock Dividends Paid	-	-	-	-	-60.95B
Other Financing Activities, Total	-771B	-7.19B	-1,718B	1,341B	-
Cash from Financing	48,789B	11,216B	25,672B	31,752B	48,718B
Foreign Exchange Rate Adjustments	-482M	-688M	-134B	-98.77B	48.12B
Net Change in Cash	4,890B	10,957B	-11,051B	7,861B	1,769B
Supplemental Items
Cash Interest Paid	7,221B	10,552B	9,217B	10,087B	14,439B
Cash Income Tax Paid (Refund)	7,942B	9,410B	10,731B	4,505B	6,880B
Levered Free Cash Flow	-33,966B	10,087B	-50,823B	-57,659B	-78,833B
Unlevered Free Cash Flow	-29,499B	17,213B	-45,558B	-51,976B	-69,627B
Change In Net Working Capital	-10,698B	-36,784B	25,587B	-8,545B	31,142B
Net Debt Issued / Repaid	37,525B	2,292B	6,933B	30,410B	38,027B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.92	-0.51	0.46	-1.32	-0.25
Return on Total Capital	3.03	-0.81	0.7	-2.2	-0.46
Return On Equity %	7.02	3.55	-5.11	1.38	1.45
Return on Common Equity	11.74	7.08	-2.82	8.39	1.88
Margin Analysis
Gross Profit Margin %	28.88	15.67	27.1	14.43	14.56
SG&A Margin	20.71	18.7	24.62	24.88	16.09
EBITDA Margin %	14.4	5.71	13.91	9.81	9
EBITA Margin %	9.57	-1.11	5.52	-1.3	1.17
EBIT Margin %