Ho Chi Minh City Securities Corporation (HOSE: HCM)

HCM Income Statement

Financials in millions VND. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	1,840,906	1,485,568	1,727,694	1,480,938	758,237	617,131
Total Interest Expense	638,839	486,912	750,725	747,191	207,050	137,256
Net Interest Income	1,202,067	998,657	976,969	733,747	551,187	479,875
Brokerage Commission	837,159	672,115	881,714	1,390,497	621,464	482,482
Trading & Principal Transactions	-82,584	-48,142	-72,103	-91,924	-56,313	-33,923
Asset Management Fee	10,914	10,013	9,326	8,575	7,576	7,617
Underwriting & Investment Banking Fee	67,958	22,135	53,810	46,551	37,741	53,628
Gain on Sale of Investments (Rev)	1,205,886	678,034	1,315,560	1,418,524	824,089	390,691
Other Revenue	-16,876	25,495	-96,104	95,620	-5,212	6,411
Revenue	3,224,524	2,358,306	3,069,172	3,601,590	1,980,533	1,386,781
Revenue Growth (YoY)	39.02%	-23.16%	-14.78%	81.85%	42.82%	-33.48%
Salaries & Employee Benefits	255,980	209,973	215,826	191,507	140,843	110,654
Cost of Services Provided	796,485	642,863	728,553	893,478	511,235	456,758
Other Operating Expenses	-20,958	-5,314	-5,320	-14,952	-415.68	1,260
Total Operating Expenses	1,055,930	868,341	954,145	1,079,313	664,146	581,173
Operating Income	2,168,593	1,489,965	2,115,028	2,522,276	1,316,387	805,608
Other Non-Operating Income (Expenses)	-2,487	1,410	8,262	68,288	-69,158	25,787
EBT Excluding Unusual Items	2,166,106	1,491,375	2,123,290	2,590,564	1,247,229	831,395
Gain (Loss) on Sale of Investments	-930,058	-649,144	-1,055,484	-1,160,229	-586,924	-299,989
Pretax Income	1,236,048	842,231	1,067,806	1,430,335	660,305	531,406
Income Tax Expense	244,158	167,872	215,318	283,273	129,854	98,841
Net Income	991,890	674,359	852,488	1,147,062	530,452	432,565
Preferred Dividends & Other Adjustments	-	-	25,500	57,373	18,527	15,140
Net Income to Common	991,890	674,359	826,988	1,089,689	511,924	417,425
Net Income Growth	59.88%	-20.90%	-25.68%	116.24%	22.63%	-35.96%
Shares Outstanding (Basic)	704	526	526	358	351	271
Shares Outstanding (Diluted)	704	526	526	358	351	271
Shares Change (YoY)	33.89%	-	46.87%	2.00%	29.42%	9.21%
EPS (Basic)	1408.99	1282.55	1572.84	3043.91	1458.57	1539.26
EPS (Diluted)	1408.99	1282.55	1572.84	3043.48	1458.26	1539.13
EPS Growth	24.53%	-18.46%	-48.32%	108.71%	-5.25%	-43.41%
Free Cash Flow	-15,394,763	-4,581,123	6,696,019	-3,095,960	-4,653,696	-872,218
Free Cash Flow Per Share	-21868.46	-8712.78	12735.07	-8648.18	-13259.26	-3216.32
Dividend Per Share	522.000	522.000	652.174	652.174	1043.478	1043.478
Dividend Growth	-19.96%	-19.96%	0%	-37.50%	0%	-52.00%
Operating Margin	67.25%	63.18%	68.91%	70.03%	66.47%	58.09%
Profit Margin	30.76%	28.60%	26.94%	30.26%	25.85%	30.10%
Free Cash Flow Margin	-477.43%	-194.25%	218.17%	-85.96%	-234.97%	-62.90%
Effective Tax Rate	19.75%	19.93%	20.16%	19.80%	19.67%	18.60%
Revenue as Reported	3,956,194	2,903,164	3,901,445	4,460,113	2,247,906	1,560,131

Source: S&P Capital IQ. Capital Markets template. Financial Sources.