FPT was Honored as one of the Top 50 Best Listed Companies in Over a Decade for its sustainable strategies

Forbes Vietnam has recently announced the "Top 50 Best Listed Companies" list for 2023, with the majority of honored companies being industry leaders or establishing competitive advantages. It is the 11th year that Forbes Vietnam has evaluated and published this list, and FPT is among the rare companies consistently present in the rankings.

For 11 consecutive years, FPT has been honored as one of the Top 50 Best Listed Companies

According to the organizers' assessment, the 2023 list features few new names compared to previous years. In 2022, the profits of listed companies, in general, and the Top 50 Best Listed Companies, in particular, reached a record high. The total after-tax profits of the 50 companies on the list amounted to 228,096 billion Vietnamese dongs, an increase of 18% compared to the 2022 list. The total revenue reached 1,490,453 trillion Vietnamese dongs, a growth of 24.9%.

"For the 11th consecutive year, FPT is included in Forbes Vietnam's Top 50 Best Listed Companies list. 2022 also marked the brightest milestone in FPT's development history: IT services revenue from new international markets surpassed 1 billion USD, a nearly 40% increase compared to the previous year. Digital transformation service revenue also experienced significant growth, reaching 7,349 billion VND, a 33% increase. FPT aims to reach one million domestic customers and benefit from government investments in digital transformation projects," Forbes Vietnam mentioned.

In 2022, the Technology sector contributed 58% of the revenue and 43.9% of the pre-tax profits, while the Telecommunications sector contributed 36.7% of the pre-tax profits. The international market's expansion was actively pursued and highlighted by the acquisition of Intertec International's IT services division (USA). In 2022, FPT also announced the launch of semiconductor chip products for the healthcare sector and commenced the FPT UniSchool Education Complex in Ha Nam (which has been planned to start operations by the end of 2023). Also, 2022 witnessed FPT Education's system surpassing 100,000 learners across its network.

The Corporation has maintained a dividend payout ratio of over 30% for over a decade. Most recently, it distributed the remaining dividends for 2022, 10% in cash (1,000 VND per shareholder's share) and 15% in shares (at a ratio of 20:3). With 1.1 billion shares in circulation, FPT is estimated to require around 1,100 billion VND in cash to pay shareholders and issue nearly 166 million shares for dividend payment. FPT shareholders' total dividend payout ratio in 2022 was 35% (20% in cash and 15% in shares.)

In the first four months of 2023, FPT continued its sustainable growth, with revenues and pre-tax profits reaching 15,749 billion VND and 2,880 billion VND, respectively, representing 21.2% and 19.1% growth rates. The after-tax profit for the company's shareholders and EPS stood at 2,019 billion VND and 1,841 VND, respectively, showing an increase of 20% and 19.3%.

J.P. Morgan, one of the world's leading and longest-standing companies in financial services, investment banking, and asset management, predicts that FPT's annual compounded profit growth rate for 2022-2025 will exceed 20%. According to J.P. Morgan, the competitive advantages in terms of cost, technological capabilities, especially in the digital transformation services segment, expansion into new customer segments, and large-scale contracts, along with its global strategy, will contribute to FPT's strong growth. J.P. Morgan also projects a target price of 110,000 VND per share for FPT stock. The average annual compounded EPS growth rate for 2022-2025 is estimated to be 27.4%, higher than the average growth rate of global IT companies (9.3%).

The Forbes Vietnam rankings are based on the audited consolidated financial reports of companies listed on the Ho Chi Minh Stock Exchange (HSX) and the Hanoi Stock Exchange (HNX). To compile the list of the Top 50 Best Listed Companies in 2023, listed companies on the HSX and HNX undergo several evaluation steps. In the initial selection round, companies must meet specific criteria: being profitable in 2022 and having minimum revenue and market capitalization of 500 billion VND.

In the next round, companies are quantitatively assessed based on five criteria: compound revenue growth rates, profit, ROE, ROC, and EPS for 2018-2022. Subsequently, Forbes Vietnam conducts qualitative investigations to evaluate the company's sustainable development, including its industry position, profit origin, quality of corporate governance, and industry prospects. The market capitalization is determined as of May 30, 2023. The data used for calculations are audited consolidated financial reports for 2022.

Forbes Vietnam plans to organize an award ceremony to honor the Top 50 Best Listed Companies at the Business Forum 2023, scheduled to take place in August 2023 in Ho Chi Minh City.