Compare I.P.A Investments Group JSC with Similar Stocks
Dashboard
1
Poor long term growth as Net Sales has grown by an annual rate of 9.34% and Operating profit at 43.01% over the last 5 years
2
The company declared positive results in Sep'25 after negative results in Jun'25
3
With ROE of 13.08%, it has a attractive valuation with a 0.80 Price to Book Value
4
Underperformed the market in the last 1 year
Stock DNA
Trading & Distributors
VND 3,314,455 Million (Small Cap)
6.00
NA
0.00%
0.71
13.08%
0.71
Revenue and Profits:
Net Sales:
124,482 Million
(Quarterly Results - Mar 2026)
Net Profit:
98,608 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-15.93%
0%
-15.93%
6 Months
-16.85%
0%
-16.85%
1 Year
10.87%
0%
10.87%
2 Years
6.99%
0%
6.99%
3 Years
-5.56%
0%
-5.56%
4 Years
-44.02%
0%
-44.02%
5 Years
0%
0%
0.0%
I.P.A Investments Group JSC for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
9.34%
EBIT Growth (5y)
43.01%
EBIT to Interest (avg)
0.46
Debt to EBITDA (avg)
15.89
Net Debt to Equity (avg)
0.76
Sales to Capital Employed (avg)
0.05
Tax Ratio
10.85%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
2.17%
ROE (avg)
29.28%
Valuation key factors
Factor
Value
P/E Ratio
6
Industry P/E
Price to Book Value
0.80
EV to EBIT
38.21
EV to EBITDA
26.67
EV to Capital Employed
0.88
EV to Sales
13.12
PEG Ratio
0.33
Dividend Yield
NA
ROCE (Latest)
2.31%
ROE (Latest)
13.08%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bullish
No Trend
OBV
Mildly Bullish
Mildly Bearish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'26 - QoQ
Mar'26
Sep'25
Change(%)
Net Sales
124,481.70
152,866.20
-18.57%
Operating Profit (PBDIT) excl Other Income
41,231.90
72,243.00
-42.93%
Interest
132,195.50
89,197.50
48.21%
Exceptional Items
0.00
0.00
Consolidate Net Profit
98,608.20
301,760.00
-67.32%
Operating Profit Margin (Excl OI)
179.80%
348.70%
-16.89%
USD in Million.
Net Sales
QoQ Growth in quarter ended Mar 2026 is -18.57% vs 79.92% in Sep 2025
Consolidated Net Profit
QoQ Growth in quarter ended Mar 2026 is -67.32% vs 133.17% in Sep 2025
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
560,054.60
347,191.30
61.31%
Operating Profit (PBDIT) excl Other Income
276,500.10
151,129.80
82.96%
Interest
374,682.00
432,755.90
-13.42%
Exceptional Items
0.00
0.00
Consolidate Net Profit
470,122.60
335,767.70
40.01%
Operating Profit Margin (Excl OI)
349.80%
219.50%
13.03%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 61.31% vs 17.86% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is 40.01% vs 152.13% in Dec 2023
About I.P.A Investments Group JSC 
I.P.A Investments Group JSC
Trading & Distributors
Ipa Investments Group Joint Stock Company (Ipa Group) is a Vietnam-based holding company. Its leading businesses include the distribution of digital money VCoin cards and prepaid calling cards, the operation of web portals, as well as the generation of hydroelectric power. The Company also invests in equities of companies operating in various sectors, such as financial services, accommodation facilities, pharmaceutical, food products and tourism, among others.
Company Coordinates 
Company Details
59 Ly Thai To , HANOI None : None
Registrar Details






