Vipshop Holdings Limited (1VPA) - Net Assets
Based on the latest financial reports, Vipshop Holdings Limited (1VPA) has net assets worth €43.79 Billion EUR (≈ $51.19 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€78.33 Billion ≈ $91.57 Billion USD) and total liabilities (€34.54 Billion ≈ $40.38 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Vipshop Holdings Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €43.79 Billion |
| % of Total Assets | 55.9% |
| Annual Growth Rate | 27.96% |
| 5-Year Change | 41.39% |
| 10-Year Change | N/A |
| Growth Volatility | 43.92 |
Vipshop Holdings Limited - Net Assets Trend (2016–2024)
This chart illustrates how Vipshop Holdings Limited's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Vipshop Holdings Limited for the complete picture of this company's asset base.
Annual Net Assets for Vipshop Holdings Limited (2016–2024)
The table below shows the annual net assets of Vipshop Holdings Limited from 2016 to 2024. For live valuation and market cap data, see Vipshop Holdings Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €41.55 Billion ≈ $48.58 Billion |
+7.75% |
| 2023-12-31 | €38.56 Billion ≈ $45.08 Billion |
+13.17% |
| 2022-12-31 | €34.07 Billion ≈ $39.83 Billion |
+0.72% |
| 2021-12-31 | €33.83 Billion ≈ $39.55 Billion |
+15.12% |
| 2020-12-31 | €29.39 Billion ≈ $34.36 Billion |
+32.07% |
| 2019-12-31 | €22.25 Billion ≈ $26.01 Billion |
+29.28% |
| 2018-12-31 | €17.21 Billion ≈ $20.12 Billion |
+20.77% |
| 2017-12-31 | €14.25 Billion ≈ $16.66 Billion |
+146.47% |
| 2016-12-31 | €5.78 Billion ≈ $6.76 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Vipshop Holdings Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1074.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €42.91 Billion | 107.35% |
| Total Equity | €39.97 Billion | 100.00% |
Vipshop Holdings Limited Competitors by Market Cap
The table below lists competitors of Vipshop Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RTL Group SA
XETRA:RRTL
|
$5.78 Billion |
|
PrairieSky Royalty Ltd
TO:PSK
|
$5.78 Billion |
|
Taiwan Cement Corp
TW:1101
|
$5.78 Billion |
|
Sichuan Em Technology Co Ltd
SHG:601208
|
$5.79 Billion |
|
VisEra Technologies Co. Ltd.
TW:6789
|
$5.78 Billion |
|
Hyundai Motor Co Pref
KO:005387
|
$5.77 Billion |
|
The People's Insurance Company (Group) of China Limited
F:PIR
|
$5.76 Billion |
|
Aluminum Corporation of China Limited
F:AOC
|
$5.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vipshop Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,961,404,000 to 39,968,813,000, a change of 3,007,409,000 (8.1%).
- Net income of 7,739,935,000 contributed positively to equity growth.
- Dividend payments of 1,684,721,000 reduced retained earnings.
- Share repurchases of 3,865,781,000 reduced equity.
- Other factors increased equity by 817,976,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €7.74 Billion | +19.36% |
| Dividends Paid | €1.68 Billion | -4.22% |
| Share Repurchases | €3.87 Billion | -9.67% |
| Other Changes | €817.98 Million | +2.05% |
| Total Change | €- | 8.14% |
Book Value vs Market Value Analysis
This analysis compares Vipshop Holdings Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.03x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €108.93 | €11.90 | x |
| 2018-12-31 | €129.88 | €11.90 | x |
| 2019-12-31 | €162.77 | €11.90 | x |
| 2020-12-31 | €209.95 | €11.90 | x |
| 2021-12-31 | €240.31 | €11.90 | x |
| 2022-12-31 | €279.50 | €11.90 | x |
| 2023-12-31 | €340.78 | €11.90 | x |
| 2024-12-31 | €387.40 | €11.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vipshop Holdings Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.14%
- • Asset Turnover: 1.45x
- • Equity Multiplier: 1.87x
- Recent ROE (19.36%) is below the historical average (19.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 35.53% | 3.60% | 2.26x | 4.38x | €1.46 Billion |
| 2017 | 13.64% | 2.67% | 1.92x | 2.66x | €520.20 Million |
| 2018 | 12.33% | 2.52% | 1.94x | 2.52x | €402.61 Million |
| 2019 | 18.40% | 4.32% | 1.91x | 2.23x | €1.83 Billion |
| 2020 | 20.73% | 5.80% | 1.73x | 2.07x | €3.06 Billion |
| 2021 | 14.34% | 4.00% | 1.88x | 1.91x | €1.42 Billion |
| 2022 | 19.23% | 6.11% | 1.58x | 2.00x | €3.02 Billion |
| 2023 | 21.96% | 7.19% | 1.56x | 1.96x | €4.42 Billion |
| 2024 | 19.36% | 7.14% | 1.45x | 1.87x | €3.74 Billion |
Industry Comparison
This section compares Vipshop Holdings Limited's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $91,250,547,676
- Average return on equity (ROE) among peers: -33.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vipshop Holdings Limited (1VPA) | €43.79 Billion | 35.53% | 0.79x | $5.78 Billion |
| JD.com Inc Adr (013A) | $313.30 Billion | 13.20% | 1.23x | $34.07 Billion |
| JD.com Inc. (013C) | $246.78 Billion | -1.44% | 1.01x | $38.44 Billion |
| Baozun Inc (2BZA) | $5.78 Billion | -3.20% | 0.77x | $124.11 Million |
| GIGLIO.COM S.P.A. O.N. (5JR0) | $7.84 Million | -16.31% | 1.07x | $6.29 Million |
| MERCARI INC. UNSP.ADR/1/2 (6TP0) | $99.64 Billion | 26.21% | 4.46x | $3.35 Billion |
| Coupang Inc. (788) | $2.18 Billion | -70.91% | 2.97x | $33.56 Billion |
| D-MARKET E.S.+T.SP.ADR/1B (8WZ) | $3.37 Billion | -205.50% | 3.93x | $834.81 Million |
| MEITUAN UNSP.ADR/2B (9MDA) | $125.56 Billion | -18.75% | 0.92x | $58.22 Billion |
| Pinduoduo Inc (9PDA) | $24.65 Billion | -28.27% | 2.09x | $124.36 Billion |
About Vipshop Holdings Limited
Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company provides womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products. It also provides internet f… Read more