The list of the 50 best-listed companies in 2023 was announced on June 5th. Forbes Vietnam has made this list in 11 years, and FPT is one of the businesses continuously present in the ranking.

According to the organizers, this year's list has few new names compared to recent years. In 2022, the profits of listed companies in general and the list of the 50 best-listed companies, in particular, hit a record. The total profit after tax of 50 companies on the list reached VND 228,096 billion, up 18% compared to the list in 2022. Total revenue reached VND 1,490,453 billion, up 24.9%.

The year 2022 also recorded the brightest point in FPT's development history: the sales of newly signed IT services to foreign markets reached the milestone of one billion USD, an increase of nearly 40% compared to the previous year. Revenue from digital transformation services also increased strongly by 33%, reaching VND 7,349 billion. FPT targets one million domestic customers and benefits from government disbursement of digital transformation investment in public projects.
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FPT Workspace

Last year, the technology sector contributed 58% of revenue and 43.9% of pre-tax profit; The telecommunications sector contributed 36.7% of pre-tax profit. The expansion of the international market scale has been accelerated, notably the acquisition of the IT services segment of Intertec International (USA). The Group also announced the launch of semiconductor chip products for medical applications and started the FPT UniSchool Education Complex in Ha Nam, which is expected to be implemented by the end of 2023. 2022 will witness the education system FPT Education surpassing 100,000 learners across the system.

The company has maintained a dividend payout of over 30% for over a decade. Most recently, the company has paid the remaining dividend of 2022 at the rate of 10% in cash (each shareholder owns 1,000 VND) and 15% in shares (ratio 20:3). With 1.1 billion shares outstanding, it is estimated that FPT needs to spend about VND 1,100 billion in cash to pay shareholders and issue nearly 166 million shares to pay dividends. FPT's total dividend payout ratio in 2022 shareholders is 35% (20% in cash and 15% in shares).

FPT continued to grow sustainably in the first 4 months of the year, with revenue and profit before tax (PBT) reaching VND 15,749 billion and VND 2,880 billion, respectively, growth of 21.2% and 19.1%, respectively. Profit after tax for parent company shareholders and EPS reached VND 2,019 billion and VND 1,841, by 20% and 19.3%, respectively.

J.P. Morgan forecasts FPT's annual compound profit growth in 2022-2025 will reach over 20%. According to this organization, the Group will grow well thanks to its competitive cost advantage and technology capacity, especially in digital transformation services, expanding new customer base and large-scale contracts, and globalization strategy. The unit price target of FPT stock is 110,000 VND per share. The average compound annual growth in EPS for 2022-2025 is 27.4%, higher than the average growth of information technology companies globally (9.3%).

Based on the combined audited financial statements of businesses listed on the Ho Chi Minh City Exchange (HSX) and the Hanoi Exchange (HNX), Forbes Vietnam has determined its rating firms listed on the HSX and HNX are assessed using a variety of criteria to create the list of 50 best-listed firms in 2023. Preliminary qualifying conditions are: profitable in 2022, minimum revenue and capitalization of 500 billion VND.
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In the next round, companies were quantitatively scored on five criteria: compound growth rate in terms of revenue, profit, ROE, ROC and EPS growth in the period 2018-2022. Next, Forbes Vietnam conducted a qualitative poll to evaluate the company's sustainable growth:

• The company's position in the industry
• The source of profits
• The quality of corporate governance
• The industry outlook

Capital is closed on May 30th. The figures used for the calculation are the audited consolidated financial statements for 2022.
The award ceremony honouring the 50 best-listed companies at Business Forum 2023 is expected to occur in August in Ho Chi Minh City.
Read more: Six Vietnamese billionaires in Forbes magazine's 2020 list